U.S.National Debt (real time) 7-6-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
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Business Summary / Links
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal , [ ECRI Stays with
Recession Call New American http://albertpeia.com/ecricallsrecession.htm , White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm
} Computers
on Wall Street are Buying and Selling to Themselves { Churnin’ and earnin’ http://albertpeia.com/churninandearnin.htm 6-29-12 Suckers’ short covering plus high
frequency algo rally into the close to keep suckers sucked in for month,
quarter, half window dressing (manipulated stock prices, oh my! Realize that
these fraudulently induced commissions come OUT of the real macro economy which
has been a major problem for quite some time!)
7-5-12 The Biggest
Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm , Equities
Fumble As Broke Banks Mounting ZeroHedge.com Tyler Durden 7-5-12 , Thunder
Road Report On The Death March: Approaching A New Financial System , The
Next Imminent Bailout: Eminent Domain
} - As per Dave (Dave’s Daily: http://www.etfdigest.com ‘.. There were grandiose statements, promises
and more importantly, details to be worked out. The latter will wait since
bullish algos only move on headlines and not pesky details..’ ‘6-28-12 … But a late day rally on
an old Bloomberg story that Italy and Spain might get some short-term help
launched algo buy programs late...’) 7-2-12
Global
Growth Outlook Weakens , Big
Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market George Washington 07/01/2012 … But Receive Only a Light Slap on the Wrist , 77%
of JP Morgan’s Net Income Comes from Government Subsidies JP Morgan Sucks at the Government Teat , Sorry
Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece
Will Leave the Euro gpc1981
http://albertpeia.com/greeceyspainpain.htm , Chief
Justice John Roberts Bowed To Political Pressure And Changed His Vote On
Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } , Houston, We
Have Contraction , China's
Landing Getting Harder As Stimulus Fails To Prime Pump , As
US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits
Post WWII High Of 101.5% , 15
Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17
Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://17reasonssecondhalfworse.htm , 22
Statistics That Prove That The American Dream Is Being Systematically Destroyed http://albertpeia.com/americandreamdestroyed.htm Where
Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not
Understand http://albertpeia.com/federalreservescam.htm , The EU
Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , http://albertpeia.com/totaleconomiccollapseseptoct.htm
, Egan
Jones Downgrades Germany From AA- To A+
, "Bankruptcy
Only Choice Left" As Stockton Set To Become Largest US City Chapter 9 , Deutsche
Bank Hides The Hopium: "The Next Recession Should Start By The End Of August" , Richmond
Fed Plunges; Consumers Underconfident For The Fourth Month In A Row , Art
Cashin Warns: "Beware The Ides Of September" ( Suckers’ algo rally into the close off
lows; great opportunity to sell/take profits! Much worse to come! ) Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html
BANKS RALLY ON DOWNGRADES 6-22-12 ‘It would appear the rating agencies are
either “leading from behind” or just don’t have much respect these days after
they botched the mortgage crisis’ { As
an aside, I thought Rodney Dangerfield was absolutely hilarious in that great
comedy classic, ‘Caddyshack’ and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }. , The
USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs
China Currency Swap When the US
Dollar is ultimately dethroned as the world's reserve currency (and finally
gets rid of all those ridiculous three letter post-Keynesian economic
"theories") nobody will have seen it coming. Well, nobody except for
the following headlines: ""World's
Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In
Direct Currency Trade ", "China,
Russia Drop Dollar In Bilateral Trade ", "China
And Iran To Bypass Dollar, Plan Oil Barter System ", "India and Japan sign new
$15bn currency swap agreement ", "Iran,
Russia Replace Dollar With Rial, Ruble in Trade, Fars Says ", "India
Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees ."
Asia . No more courtesy of
the following FT headline: "Brazil
and China agree currency swap ."Brazil has provided a vote of confidence in China ’s efforts to promote the renminbi as a reserve currency by becoming the biggest economy
yet to agree a swap deal with Beijing
, The
Economic Collapse Is Not A Single Event
http://albertpeia.com/economiccollapsenotsingleevent.htm , The
Spanish Bailout Explained With One Image
Zerohedge.com http://albertpeia.com/suicidegun.jpg ,
AMERICA’S FAILED ECONOMIC APPROACH IN A NUTSHELL (image courtesy of Dave
Fry http://etfdigest.com ) : http://albertpeia.com/insanity.jpg Well done, Dave! , America’s debt woe is worse than Greece’s News $211
trillion ’ … Dave Fry/Dave’s Daily: Timing is Everything vs.
Seductive Hype { Yes, Dave; indeed that’s true, timing is everything,
certainly in stock market investing. And, REMEMBER: ONLY
A FEW DAYS LEFT TO SELL IN MAY AND GO AWAY ! IF YOU HAVEN’T SOLD BY JUNE YOU ARE A LUNE! Great opportunity to sell into this
short-covering / HFT algo-driven rally into the close to window dress the bad
news / bad fundamentals scenario; because, there are no bargains on fraudulent
wall street. Dave’s Daily: http://www.etfdigest.com
}, , Rajoy:
Pain in Spain to deepen despite bank rescue AP , Farage
On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 {Contrasted to prior trading day
folly/fraud} This all too familiar foolishness/fraud on wall street so
inconsonant with reality presents again a great opportunity to sell / take
profits! }, 6-7-12 Think about the preposterousness of
yesterday’s 286 point pop on the DOW based on b***s***, contraindicated hopes
for QE, etc., Previous day: 6-6-12 The ultimate suckers’ rally on hopes for
contraindicated QE which has clearly NOT WORKED for all except the frauds on
wall street enriched thereby at everyone else’s expense (higher gas prices,
costs, etc.) and to keep suckers sucked in; this is a huge opportunity to
sell/take profits. Reality from Dallas “And there is a growing sense that we
are unwittingly, or worse, deliberately, monetizing the wayward ways of
Congress. I believe that were we to go down the path to further accommodation
at his juncture, we would not simply be pushing on a string but would be viewed
as an accomplice to the mischief that has become synonymous with Washington. ”as
per Dave who’s all over this travesty: Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There
wasn’t much in the way of “hard news” to account for Wednesday’s large stock
market rally beyond oversold conditions. The ECB left interest rates unchanged.
Germany France
cut the retirement age to 60.The U.S. Productivity & Cost report was
negative (-.9% vs. -.8% expected & prior -.5%). Some bulls spun this as
showing employers would be willing to hire more. That seemed a stretch. Other
bulls spun it to mean more QE certainly.The Fed’s Beige Book report released
this afternoon reflects old data from the spring which as most know showed
growth as moderate…’ , Morgan
Stanley Sees QE3 Rally Lasting Hours Not Weeks Zerohedge.com Tyler Durden
, Form
Worst To First - S&P Has Best Day Of 2012 Shortly After Worst , On
Capital Markets, Confidence Tricks, And Criminals , US
factory goods orders -0.6% in Apr, well below market expectations of +0.3% vs
big negative revision for Mar from -1.5% to -2.1%; inventories unch. , Big
factory orders miss on top of last week’s grim jobs data sends some of those in
the record dollar long position heading toward the exit. , 21
Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial
System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic
Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm
, Dave’s Daily: http://www.etfdigest.com FORCING THE FED’S HAND 6-4-12 ‘Trading desks
and hedge funds may just keep driving equity prices lower until the Bernanke
led Fed responds with the QE3 they want…’
, The
Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm "The
End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation
Ever? http://albertpeia.com/endgamecollapse.htm ,
Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler
Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm , Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect
the S&P500 to decline decisively below its March 2009, 666 intraday low. All hope will be crushed http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Dave’s Daily: http://www.etfdigest.com 5-29-12 MARKETS RISE ON STIMULUS HOPES ‘…the
ultimate Ponzi Scheme…‘ , ALGOS FEAST ON RUMORS 5-24-12 ‘The overall news continues to be
dreadful…’ http://albertpeia.com/dave.htm , The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm } , Greece
Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , Eurobonds:
The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm , As
Reality Recedes, Rumor Rampage Returns
, Biderman
On Bad Data And China's Recession , On The
Predictability Of European Lies
, HP to lay off about 27,000, profit slides 31 percent , http://albertpeia.com/obamas5trilliondollarlie.htm , http://albertpeia.com/fedecbcantstopcomingcrash.htm
, http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm , JPMorgan
Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden
, Are
They Insane? 58 Percent Of Americans Believe Economic Conditions In The United
States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16
Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Why
Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil
And Gas Deposits Worth Billions Of Dollars?
http://albertpeia.com/chinabuyingamerican.htm , Merkel
is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm , State
Election Defeat Seen as Disaster for Merkel
(WSJblogs) , Greece Can
No Longer Delay Euro Zone Exit It’s Going to Get
Harder for Merkel (Der Spiegel) J.P.
Morgan has significant credit portfolio loss May 10th, 2012 by News MarketWatch
MK comment: J.P. Morgan Reveals 'London Whale'-Size Losses , Surprising JPMorgan loss hits stock market late Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com , "Europe
Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's
Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse
Accelerates , Dave’s Daily: http://www.etfdigest.com STOCKS ATTEMPT TO RALLY 5-10-12 ‘In overseas
news, China’s exports were only 4.9% vs 8.5% expected (I guess that qualifies
as a miss). China England http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm , http://albertpeia.com/militarypensiondebacle.htm
, http://albertpeia.com/nyteconomistkrugmanwrong.htm
, Dave’s Daily: http://www.etfdigest.com Five
Reasons For Caution In US Equities ZeroHedge.com
http://albertpeia.com/5reasonsforcautioninusequities.htm
As astutely pointed out by Dave, ‘Michigan Consumer
Sentiment Report (76.4 vs 75.8 expected and prior 75.7) which is weighted more
heavily by stock market prices than Consumer Confidence’, this thusly is the
ultimate ‘bootstrap’ for these bubble stock prices. 95
Percent Of The Jobs Lost During The Recession Were Middle Class Jobs http://albertpeia.com/95percentofjobslostmiddleclass.htm , New
study: High U.S. debt levels could mean a quarter century of weak growth
(The American Enterprise Institute) [ That’s optimistic; and towards the end
there at best! Remember: Decades at Best! ] , Total US Debt
Soars To 101.5% Of GDP Durden
on 05/01/2012 , Dallas
Fed: Why We Must End TBTF Now! Suckers’ rally - schtooping for apples – This is an
especially great opportunity to sell / take profits! Corporate insiders are
sell like there’s no tomorrow http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm
– REMEMBER: SELL IN MAY AND GO AWAY! , STOCKS RALLY DESPITE BAD NEWS: Here's What
You Need To Know Business Insider, http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , 4-11-12 GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43% By Mamta Badkar | Business
Insider Dave’s Daily: http://www.etfdigest.com http://albertpeia.com/shillingsaysstockswillplunge43percent.htm Dave’s Daily: http://www.etfdigest.com , 4-2-12 ‘Massive
Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm
, RICHARD
RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation
And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm The 15 Trillion Dollar
Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS
SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG
IN JAIL! } , Both
The Market and Government Are Irrational Paul Craig Roberts | One of the
great economic myths is that markets are rational. Not a day passes without
this myth being disproved scores of times, but the myth persists. [ 4-10-12
Don’t buy their ‘buy the dip’ b***s***, still a great opportunity to sell/take
profits since Rosenberg
Ruminates On Six Roadblocks For Stocks Durden
‘On this basis, the market as a whole is
OVERPRICED BY MORE
THAN 20% { http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm } , The
Shocking Truth About Unemployment In America In One Chart http://albertpeia.com/shockingtruthofunemploymentinamerica.htm , Bob
Janjuah: S&P At 800, Dow/Gold Ratio Will Hit 1 Before Next Real Bull Cycle
Durden , Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ Prelude To Meltdown rallies those pieces of paper/computer entries via HFT algos
programmed to go wild with such talk, making this a great opportunity to sell,
take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm
, I’ve Never
Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE
ON 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t
resist it. The Fed is in full campaign mode as great as Obama and his GOP
rivals. When stock prices seem in doubt the Fed is ready to launch more
assurances accommodation (money printing) will be available. Monday’s rally was
typical as we head toward the end of the quarter. Hedge fund performance fees
are on the line and any way to boost these profits is job one. Top holdings for
hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With
little volume it’s easy for algos and hedge funds to prop stocks on little hard
news. Tuesday we briefly saw more of this. Just as markets were weakening a
story appeared using the Fed’s favorite oracle, the WSJ Rosengren
stated, “more stimulus is on the table”. Immediately
HFT algos jumped and markets rose if only briefly.On its face, the Fed wants
higher stock prices to boost confidence in the economy. However from a
practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY
PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION …’ , And 14 of 16 On
Dallas Fed Miss 3-26-12 The Dallas Fed
Manufacturing Outlook just came with its largest
miss of expectations in 9 months - and biggest drop in 7 months. Don’t be fooled
by the money illusion MarketWatch [ The ‘psychological factor’ has
always been a component in the valuation of securities which valuations, good
or ill, collectively give rise to the ‘markets’. The mythical part is the
presumption of rationality accorded the ‘market-makers’ which, despite their
glaring irrationality and propensity for fraud (I’d conservatively say that
wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic
personalities), is still decidedly and pathetically vis-ŕ-vis the rest of the
‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed ! Train Reading: The Stock Market Is
(Criminally) Insane The Wall Street Journal } It
should be obvious by now, particularly with the advent of ubiquitous, lightning
fast programmed computerization, that the markets are fraudulently manipulated
in a bigger way now than ever; and, not without great cost ultimately to
muppets / taxpayers like you, whether in the markets or not.They do it for the
money; and, sick as they are, to be screwin’ at least someone all of the time
which perversely gives them pleasure! ] This is an especially
great opportunity to sell / take profits with stocks floating on air in
contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’
rally into the close off lows and in shades of the dot com bubble with Apple
the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting
and big bang for the market buck, and compared to what). Competition will ultimately
(no real breakthroughs on horizon) take a big bite out of the Apple, which
along with price targets is way over valued (currently being manipulated to the
upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent
effect). I say this despite liking Apple. They’re loving Apple to death on
fraudulent wall street which is a testament to the pathetic state of american
and world technology which is horrendous. As my first computer (Apple IIc,
1986) I’m glad they survived but they’re way, way over-valued. Aside from the
IPAD (at best and even that’s a stretch, and past history at that), there’s
really nothing there, which is a testament to the stupidity of american
consumers particularly. Wake up! What total frauds! 11
Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only
it was just 11 and not an endless number of reasons why the aforesaid is true!
And, though america
particularly, not just america
http://albertpeia.com/americabetterwithoutgoldmansachs.htm
, Guest
Post: Money from Nothing - A Primer on Fake Wealth Creation and its
Implications (Part 2) ZeroHedge.com 3-14-12 ‘ Only in a debt-based money
system could debt be curiously cast as an asset . ’ Election year temp jobs,
trade deficit up, GDP projection down, business inventories miss,
manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims
Thursday were weaker than expected (362K vs 351K expected and prior revised
higher to 354K). Did you know that prior weekly Jobless Claims data has been
revised higher ] Does
China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger
its neighbors’? Sounds like it; but, it’s really all about cost structures
which are far less in China
which is the primary reason for China Weimar Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic
jobs estimate from jersey adp for election year spin purposes which only fools
believe. How desperate and pathetic! For those who think this money-printing out of
thin air is without cost, you’re in for a worse than rude awakening. The global
markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing
presses in overdrive’ debased Weimar Durable
goods orders drop by most in 3 years
AP , etc.. Then there
was previously the manipulated revision to make this month’s distressed,
foreclosure sales (backlog) look better. Total scam! This will all end quite
badly and is much like the ‘floating on air’ stock price scenario that preceded
the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm
- today’s business summary links only, by day – scroll down as well for
today’s links and for more complete context – Encouraged and recommended! } This
global suckers’ rally is based on market frothing hopium for unaffordable,
contraindicated, failed QE/wall street only welfare (which is being injected
sub rosa, see infra), bad news, fraud, b***s***, and
desperation alone, as suckers’ rallies ushered in the new year in a most
preposterous fashion [ Forget the “January Effect”… Instead http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR
STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’
for the superstitious so-called ‘January effect’ based on based on
market frothing hopium for unaffordable, contraindicated, failed QE/wall street
only welfare, bad news, fraud, b***s***, and
desperation alone to suck suckers in and keep suckers sucked in! Don’t be their
fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s
using the up moves to reduce risk assets / stocks / exposure, in other words,
he’s selling the rallies which is sound advice [3-12-12: I’ve previously
recommended this business report; but, like everything in america, it’s gotten
so bad as in the first 30 minutes I calculated approximately 6 minutes of
business report and the balance predominantly advertising and some cbs network
stuff before I had to turn it off – I might listen again in a year, if at all.
Terrible! ]. The fundamentals/realities, current and prospective, are worse
than ever. There are no systems/formulas for these unprecedentedly dire times.
Don’t be their sucker! This is an especially great opportunity to sell / take
profits because there’s much, much worse to come! Here’s a simple chart of the
Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become
in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t
be scammed by the frauds on wall street, et als.] with lingering intoxication
an explanation as the printing presses and issuance of worthless insurmountable
debt paper are in full throttle globally (a testament to global blindness as
the blind follow the blind) making this impending disaster at this time an
especially great opportunity to sell / take profits because there’s much, much
worse to come! jersey-lautenberg based adp with 100% better than expectations
private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce
department data? Labor dept. ue claims / ue numbers? Only a fool believes what
they say! ( After One Month Respite, Pink Slips Are
Flying Again Durden Lies, Damned Lies, and (Unemployment)
Statistics Mac Slavo , NFP Payrolls At 200K, Expected At 155K;
Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden
on 01/06/2012 In fact, persons not in
the labor force have increased by 7.5 million since January 2007! http://www.albertpeia.com/laborparticipationrate.jpg ) The same for the conference board which
came in with 100% better than expected consumer confidence, which is
preposterous even taking into consideration the ‘ultimate bootstrap’ bubble
stock price weighting in same. The lack of ‘politicians’ at
S&P/Case/Shiller showed a different picture: ( US Economic Data Reporting Now Officially A
Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Watch for more fake reports / data / and spin in their infinite political
desperation both here and across the sea, and suckers’ rallies to suck suckers
in and keep suckers sucked in! http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB,
MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden This is No Cyclical Recession… It is a
Secular DE-pression Phoenix Capital , http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the
financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon
Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed
economist predicts economic calamity in 2012. See the evidence.
http://w3.newsmax.com/a/aftershockb/video.cfm 50%
unemployment & 90% Dow crash also predicted. Newsmax
Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry
Dent, Jr. Economy will be in a Depression by 2011 Dow
will Fall to 3,800 – 4,500 by 2012 Nasdaq
will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the
1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of
Technical and Market Analysis United-ICAP's Walter Zimmerman WSJ's Tom Kilgore 579.57 , The Financial Crisis Of 2008 Was Just A Warm
Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know
About The Federal Reserve
Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve
System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A
Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of
The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It
Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To
Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are
Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall
Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And
The Federal Reserve System Both Come Into Existence In 1913 #9 The Current
Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence
#10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World
http://albertpeia.com/warningsignfortheworld.htm Despite Two Thirds Of Components Declining,
Empire Fed Prints At Highest Since June 2010 ZeroHedge
20 Signs You Might Be A Typical American
Worker http://albertpeia.com/20signsoftypicalamericanworker.htm 10
Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm 8
Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm 55
Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs.
America 2012 http://albertpeia.com/downhillslideofamerica.htm
, Society’s
Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm
David Meyer shtfplan.com March 1, 2012
, No
Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price
Declines Durden
2-28-12 Little that can be added here. The December
Case Shiller came , saw, and shut up all those who keep calling for a home
price recovery. The Index printed at 136.71 on expectations of 137.11, with the
prior revised to 138.24. The top 20 City composite was down -0.5% on
expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in
December over November… , Goldman:
Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden , , 20
Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced
Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central
bank balance sheet expansion since end 2007
Mar 1st, 2012 by News PG View 10.7
Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last
Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm has entered another
recession , and already the unemployment rate is hitting new record highs… ,
Inflation
Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest
Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden
3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt
Swap Forbes , 15
Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm 1
Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm
, Gallup
Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly
Increase Durden
3-8-12 , Initial
Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since
August 2010 Durden
3-8-12 , Greece
Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five
Charts That Prove We’re in a Depression and That the Federal Reserve and
Washington Are Wasting Money March 12, 2012
By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken
Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing
Completely .. this exact scenario is
playing out from coast to coast and in the years ahead millions of elderly
Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America
Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking
Speed America is losing wealth far
faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm As
US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds
Trail 2011 Durden
3-12-12 , Guest
Post: The Audacity of Bonuses At MF Global Durden
3-12-12 In the spirit of George Orwell’s Animal Farm 11
Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only
it was just 11 and not an endless number of reasons why the aforesaid is true!
And, though america particularly, not just america, but the entire world as
well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm
, S&P
Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 The
U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm
, Kass:
The Market Is Overvalued at
TheStreet Doug Kass { Yes, this is true;
but, he’s still too optimistic in that he doesn’t point out that the election
year manipulations / obfuscations will cause things to end far worse than his
anticipation. } , An Open Letter to All
Presidential Candidates March 19, 2012
By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm
, Ben
Bernanke Tries To Convince America That The Federal Reserve Is Good And The
Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm
[ greenspan and now bernanke are incompetent and total failures creating and
exacerbating current and prospective conditions for the sake of fraudulent wall
street at everyone else’s expense! ] , 10
Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting
The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine
Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund
Transfer Durden
3-23-12 TBTF
Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding
Derivatives Durden
3-26-12 , 10
Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To
Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm
, Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure,
it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in
full campaign mode as great as Obama and his GOP rivals. When stock prices seem
in doubt the Fed is ready to launch more assurances accommodation (money
printing) will be available. Monday’s rally was typical as we head toward the
end of the quarter. Hedge fund performance fees are on the line and any way to
boost these profits is job one. Top holdings for hedge funds include the usual
suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for
algos and hedge funds to prop stocks on little hard news. Tuesday we briefly
saw more of this. Just as markets were weakening a story appeared using the
Fed’s favorite oracle, the WSJ ,
as Fed governor Rosengren stated, “more
stimulus is on the table”. Immediately HFT algos jumped and markets rose if
only briefly.On its face, the Fed wants higher stock prices to boost confidence
in the economy. However from a practical view all they’ve succeeded in doing
from my perspective is debasing the dollar creating inflation. The latter will
be a problem for the next administration and even the current generation. It’s
an all about “now” market in a politically charged year… , Bernanke
Claims That The Fed Has Averted A Second Great Depression By Bailing Out The
Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and
particularly the bailouts which facilitated consummation of and even greater
frauds, the real economy, the nation, taxpayers will suffer a more severe fate
than even that obfuscated by bad policy in this election-year expedience! ‘…
When the last financial crisis began, the U.S. national debt was about 10
trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix
anything. The best that can be said is that he kicked the can down the road a
little bit and made our long-term financial problems a lot worse at the same
time. Bernanke can create money out of thin air and loan it to his friends all
he wants, but he is not going to be able to prevent this house of cards from
crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who
put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one
vis-ŕ-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s
delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm 20
Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm
http://albertpeia.com/bobobamathetraitor.htm http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , A
View on Inflation & Keynesian Talking Points : CrownThomas 03/29/2012 The ponzi will fail, and the economy
will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Charles
Hugh Smith On The Phony "Economic Recovery," Stress and "Losing
It" Durden
3-30-12 , Everything Is
Going To Be Alright? http://albertpeia.com/everythingsnotalright.htm
, ‘Massive
Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm
CNBC.com | Runaway government debts have triggered uncontrolled money printing
that in turn will lead to inflation.. , The 15 Trillion Dollar
Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS
SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG
IN JAIL! } , RICHARD
RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation
And Leveraging Business Insider , Graham
Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm
, 27
Statistics About The European Economic Crisis That Are Almost Too Crazy To
Believe http://albertpeia.com/27statsofeueconomiccrisis.htm , How
Bad Do Things Have to Be For the Fed AND the ECB to Talk of Easing… On the Same
Day April 13, 2012 By gpc1981 http://albertpeia.com/gpcsaysthingsarereallythatbad.htm
, 25
Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , http://albertpeia.com/debtcrisisdestroysamerica.htm , Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No
Housing Recovery Until 2020 In 5 Simple Charts http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden , The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm
, 22
Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression
http://albertpeia.com/22signsspainheadingintogreatdepression.htm , The
Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm
, What Do
California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm
7-6-12
White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special
consideration alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Obama administration repeats same jobs line — for the 30th
month
Dave’s Daily: http://www.etfdigest.com VOLATILE HOLIDAY
WEEK 7-6-12 ‘The vacation and volume reduced week was anything but peaceful.
All things considered, the roller coaster ride continues. Friday’s employment
report induced sell-off was interesting given two things: either a plea for
more QE now or just a confirmation of descending economic conditions. As to the
former, the Bank of England WSJ
indicating the Fed is contemplating and deliberating more QE. That leak led to
some late day buying. Leading U.S.
http://albertpeia.com/neverenoughjobsinamericaagain.htm
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm
You've
Seen It Before, And Here It Is Again: "The Chart That Tears Apart The
Stimulus Package" ZeroHedge.com
Tyler Durden ‘…"QE
2 Was A Disaster: Here Is Why US Fiscal "Stimulus" Was A
Complete Failure As Well ", because, well, QE2 was a disaster …’ , Equities
Close Week Red Even As Hilsenrath Prevents Rout ‘A 10
point rally off the lows, thanks to a well-timed Hilsenrath-rumor, dragged
stocks up to their day-session opening levels (and unsurprisingly perfectly to
VWAP) …’ , Class
Action Lawsuit Filed Against GM For Channel Stuffing , Spain
May Not Be Uganda, But Will America Soon Be Argentina? , The
Four Scariest Charts For Hope-Filled 'De-Cuppers' , European
Money Market Industry Shutting Down As Goldman Closes MM Fund, Says In
"Unchartered Territory"
, Guest
Post: Border Controls Are Back In Europe , Have
Banks Been Manipulating Libor for DECADES? Posted by : George Washington 07/06/2012 - 18:03 Regulators
Say Libor Manipulation Started in 2005 ... But Industry Veteran Closely
Involved in the Libor Process Says that the Rate Has Been Manipulated for 15
Years
7-5,3-12 The Biggest
Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm ‘ We always
knew that the financial markets were rigged, but this is getting
ridiculous. It is now being alleged that 20 major banks have been
systematically fixing global interest rates for years. Barclays has
already been fined hundreds of millions of
dollars for manipulating Libor (the London Inter Bank Offered Rate).
But Barclays says that a whole bunch of other banks were doing this too.
This is shaping up to be the biggest financial scandal in history, and criminal
investigations have been launched on both sides of the Atlantic .
What those investigations are likely to uncover could shake the financial
markets to their very core. In the end, this scandal could absolutely
devastate confidence in the global financial system and it could potentially
bring down a number of major global banks. We have never seen anything
quite like this before.
What Is
Libor?
As mentioned before, Libor is the London Inter Bank
Offered Rate. A recent Washington Post article
contained a pretty good explanation of what that means....
In the simplest terms, LIBOR is the average interest
rate which banks in London
Why Does
Libor Matter?
If you have a mortgage, a car loan or a credit card,
then there is a very good chance that Libor has affected your personal
finances. Libor has been a factor in the pricing of hundreds of trillions
of dollars of loans, securities and assets. The following is from a
recent article by Maureen Farrell....
These traders influenced the pricing of the London
Equities
Fumble As Broke Banks Mounting ZeroHedge.com
Tyler Durden 7-5-12 , Thunder
Road Report On The Death March: Approaching A New Financial System , The
Next Imminent Bailout: Eminent Domain
It seems that governmental
efforts to save the underwater and ineligible homeowner from his own fate are
reaching fever pitch. Not only do we hear
today of the up to $300mm in Agriculture Department Rural Housing Service
loans that may have financed ineligible projects yesterday's
WSJ reports on the growing call for 'eminent-domain' powers to be used "housing bust's
public blight on their city" "I don't see how you could find it anything other than
appalling", as this would crush property prices further and drive up
borrowing costs , 80%
Of The World's Industrial Activity Is Now Contracting , Guest
Post: Guess Who’s Bailing Out Bankrupt Western Governments Now... Fourteen
years ago during the Asian financial crisis, Indonesia Indonesia Unlike Japan, the US, and Europe — which all seem to think
the answer to an economic bust brought on by a debt-binge is to borrow and
spend even more money– Indonesia took its medicine when its economy
collapsed back in 1998 . Ironically, US
President Barack Obama spent some of his childhood in this
same suburb of Jakarta It’s the ENTIRE system that’s the problem. And that
goes for nearly every Western, “free market,” democracy out there.
7-2-12 Kicking The Can Down
The Road http://albertpeia.com/kicksinthecandowntheroad.htm ‘ Europe finally been saved this time? Has this
latest "breakthrough" solved the European debt crisis? Of
course not, and you should know better by now. European leaders have held
18 summits since the beginning of the debt crisis. After most of the
preceding summits, global financial markets responded with joy because European
leaders had reached "a deal" which would supposedly solve the
crisis. But a few weeks after each summit it would become clear that
nothing had been solved and that the financial crisis had actually gotten even
worse than before. How many times do they expect us to fall for the same
sorry routine? Nothing in Europe has
been solved. You can't solve a debt problem with more debt.
European leaders are just kicking the can down the road…’ ,
12
Incredible Obamacare Quotes That Show That Our Wretched Healthcare System Is
Headed Directly Into The Toilet http://albertpeia.com/americanhealthcaretoilet.htm ‘U.S. horrible mess , and now Obamacare is going to take the
entire system directly into the toilet. All over America today, families
are going broke because of outrageous health insurance costs and suffocating
medical debt, doctors are going broke and leaving the profession
because they can't make a living, and sick people are dying because they cannot
get the care that they need. So what solution does Obama give us? A
nearly 3,000 page monstrosity that will destroy what is left of our crumbling
healthcare system and that will unleash 16,000 new IRS agents to hunt down the
millions of Americans that do not currently have health insurance. For
those that love Big Brother socialist totalitarianism, Obamacare is a dream
come true. For the rest of us it is a total nightmare. , If
One Storm Can Turn D.C. Dark For Several Days, What Would A Massive EMP Burst
Do? http://albertpeia.com/empburst.htm , Asian shares inch up as weak factory data boost Fed hopes {
What’s wrong with this headline? Answer: The fact is that the so-called
‘fed hopes’ have failed and put the real economy on the ropes! }
, On The USD's (usdollar’s)
Demise ZeroHedge.com Tyler Durden
Last week the BEA published it preliminary take on the international
investment position (IIP) of the country. As Citi's FX team note, the IIP
measures foreign investment assets minus native assets owned by foreigners. In
the US , the IIP has been
negative (meaning the US US IIP deficit reached USD
4.03trn in 2012 , up sharply from 2.47trn in 2011. As a
share of nominal GDP, the IIP deficit reached a record (for the US .
Commonly accepted wisdom based on a combination of models and experience is
that an IIP bigger than +30% of GDP or smaller than -30% is a problem . On the IIP surplus side, having
too big of a net creditor position leads to a perennially strengthening
currency that chokes out industry and stokes deflation (think JPY). On the IIP
deficit side, having too big of a net debtor position leads to a debt spiral.
High debt leads to reluctant external creditors charging ever high interest
rates, which leads to economic stagnation and ultimately crisis. The US
may not be able to run another dozen years of 3-6% current account deficits
without starting to look like a ponzi scheme - but while risk aversion flows
(and rates) suggest there is little to worry about, we
have noted again and again the moves behind the scenes in global trade flows to
shift away from the world's current numeraire . , The
Dark (Pool) Truth About What Really Goes On In The Stock Market: Part 2 ‘…researched what was going wrong at Trading
Machines. The document was a detailed blueprint of a high-frequency method that
was said to be popular in Chicago , The
MK2 Grenade: Mike Krieger And Max Keiser Take On The World Of Financial Crime , Unsealed
Documents Expose Morgan Stanley Forcing Rating Agencies To Inflate Ratings , Guest
Post: The Great LIBOR Bank Heist of 2008? , Joe
Saluzzi: HFT Parasites Are Killing The Market Host , The
Dark (Pool) Truth About What Really Goes On In The Stock Market: Part 3 , Global
Growth Outlook Weakens Three weeks
ago we noted that Goldman Sach's Global Leading Indicator (GLI) and its
Swirlogram had entered a rather worrying contraction phase. Today's update to
the June GLI data suggests things got worse and not better as momentum is now
also dropping as well as the absolute level. This continued deterioration in
momentum suggests further softening in the global cyclical picture. Of
particular concern is the broad-based deterioration in the
GLI’s constituent components in June. Nine of ten components weakened last
month , only
the second time this has occurred since the depths of the recession in 2008Q4.
The June Final GLI confirms the pronounced weakening in global activity
in recent months. Goldman has found elsewhere (as
we noted here ) that this stage of the cycle, when
momentum is negative and decelerating, is typically accompanied by
deteriorating data and market weakness . , Big
Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market George Washington 07/01/2012 - 21:40… But Receive Only a Light Slap on the
Wrist , 77%
of JP Morgan’s Net Income Comes from Government Subsidies George Washington 07/01/2012 - 15:44 JP
Morgan Sucks at the Government Teat
, Sorry
Folks, Spain Isn’t “Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece
Will Leave the Euro gpc1981
http://albertpeia.com/greeceyspainpain.htm , Chief
Justice John Roberts Bowed To Political Pressure And Changed His Vote On
Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } , Houston, We
Have Contraction , China's
Landing Getting Harder As Stimulus Fails To Prime Pump , As
US Closes June With $15,856,367,214,324.44 In Federal Debt, US Debt/GDP Hits Post
WWII High Of 101.5%
Murdoch Dissatisfied With "Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay choom
gang banger wobama alternative. More cream pies in his face cries the senile
old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter.
"Tough O Chicago ‘…those who put their
trust in proven failure wobama, all they have to show for such misplaced trust
are broken campaign promises, now insurmountable record deficit spending
exceeding all the presidents since Eisenhower combined to obfuscate what
clearly has been wobama’s unequivocal failure...’ ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
(Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s
debt woe is worse than Greece’s News $211 trillion ’ … )
POLL: Obama
drops 8 points with whites... ... 13-point
plunge among young voters
Obama Asks
People Getting Married To Forgo Gifts... Donate
To His Campaign Instead... AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the United States Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal duty
to shareholders and invested in companies with poor earnings prospects? After
all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. ] Will accept
your birthday or anniversary gifts, too...
[ I’d say rupee is full of poopee and a bit
mixed up and ‘all over the place’ in his (senile) ‘thought process’ as he seeks
to cover all bases! Murdoch endorses McCain www.guardian.co.uk
›
Sep 9, 2008
– Rupert Murdoch may have
told his biographer that he favoured Barack Obama rather than Hillary Clinton
because he'll sell more papers but ...
www.huffingtonpost.com/.../new-york-post-endorses -mc_n_124730....
Sep 8, 2008
– Back in May, NewsCorp CEO Rupert Murdoch
admitted that he had "played a role" in the decision of the New York ...
finance.yahoo.com/.../Barack-Obama’s-Unlikely-Supporter-Rupert-'F...
May 29,
2008 – Murdoch's
not-quite-but-almost endorsement of Barack
Obama for ... Murdoch
added that after a long career in the Senate, McCain
had been ..., etc…
] }
CHICAGOLAND:
7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home... MCCONNELL:
'Sold to American people on a deception'... CURL: Gift
to Romney... { This may seem somewhat counterintuitive and a bit
of a rationalization; but, it is absolutely true. So true in fact, that wobama
will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of
what this legislation won’t do for americans and the economy and what it
actually does will not have the galvanizing effect that striking the bill down
would have had on voters who were thinking ‘another free lunch from the
government’ will save them (we all now know better, no such thing). Yes, in
somewhat European tradition, defacto bankrupt america Europe
(and any other nation that’s tried it). In the final analysis, this and such
programs as the contraindicated bailouts for the unprosecuted frauds on wall
street, etc., will prove to be the ‘camel-back breaking’ moment for america;
and, a pyrrhic victory for the egregiously failed president wobama. America’s
debt woe is worse than Greece’s News $211 trillion ’ … }
HISTORIC:
HOUSE VOTES HOLDER IN CONTEMPT... DEM HOODIED
BLACKS PLUS WALK OFF FLOOR...
{ In sum, to conclude,
though comfortably familiar to aussie murdoch, himself the product of penal
colony progeny in what has now tantamount to a global penal colony with inmates
running the institution/asylum, rupee the poopee is less comfortable with
fact/reality of his global irrelevance. Moreover, the inmates who neither see
nor hear are not children of a lesser God; but rather, children of a lesser
world. Lamentably for some as he, God has not nor ever will abolish capital
punishment with time of the essence. From a pragmatic and least
self-destructive perspective, realize that give enough rope to blacks, they
won’t hang themselves, they will hang you. That’s just the way they are and
wishing and hoping won’t change that predisposition. Quite simply, the blacks
are laughing at the foolish whites among other ‘rainbow’ colors:
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... http://albertpeia.com/wobamaschoomgangfantasy.htm }
6-29-12 Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html
GERMANY YIELDS TO PRESSURE ‘They worked
Angela Merkel over until 4:30 AM whereupon she finally agreed to bailout Italy,
Spain and whoever else shows up for a piece of the pie. Repayment rules were
eased for Spanish banks and possible aid for Italy outlined .
There were grandiose statements, promises and more importantly, details to be
worked out. The latter will wait since bullish algos only move on headlines and
not pesky details. “We affirm our strong commitment to do what is necessary to
ensure the financial stability for the euro area, in particular by using the
existing EFSF/ESM instruments in a flexible and efficient manner in order to
stabilize markets,” was the official statement. The EU also made sure new funds
received would not be senior to existing debt relieving bondholder’s
anxiety.The UBS’s Paul Donavan outlines the questions and a comment: “Going
into this summit we had a monetary union in Europe that clearly did not work.
Coming out of this summit we have a monetary union that still does not work.”
1.Will the bank supervisor have real powers?
2.What will be the conditions for direct bank
recapitalization?
3.What about those countries that have already bailed
out banks with euro area assistance?
4.Who guarantees deposits?
Again, “good intentions do not in fact change
anything regarding the solvency of banks today.” Lastly, and not to be ignored,
Finance Minister Schauble states the ESM “must have a fiscal pact in place” and
there’s the rub. A fiscal pact would require a central authority over budgets
and Germany Chicago
Europe Will See Deep Depression, Schoenberger Says , The EU
Summit: Europe Needs Capital NOT Political Posturing June 29, 2012 By gpc1981 http://albertpeia.com/noeugamechangers.htm
,
I,
Not Robot: Why The Rise Of SkyNet Leads To Automatic Unemployment For The
People ZeroHedge.com Tyler Durden
6-29-12 , Guest
Post: The Supreme Court And Natural Law
A few weeks ago I wagered with a
coworker that the United
States declared
no federal law unconstitutional from 1937 to 1995—from the tail end of the New
Deal through Lyndon Johnson’s Great Society—should have been proof
enough. He naively believed in the impartialness of politically-appointed
judges. For the first time he saw that those nine individuals are nothing
more than politicians with an allegiance to state supremacy. , Brian
Sack's Window Dressing Farewell Gift To Wall Street Stocks
opened around 2% gap higher this morning after the late-night headlines from Europe made many think that the tooth-fairy and Santa are
real once again. S&P 500 e-mini futures saw some selling into the open but then
stabilized amid a very narrow range for much of the rest of the day - leaking
higher on low volume-driven short-covering. The news from Germany Into the close, volume exploded as ES rose 10pts in
minutes from absolutely nowhere. Average trade size was very heavy during this
period and delta skewed notably to block selling into the ramp The main takeaway is that most risk assets recovered
to last week's highs but stocks turned the amplifier of insanity to 11 and
pushed back to near two-month highs not to be outdone into quarter-end (wink
wink). ,
Guest
Post: The Face of “Don’t Ask Questions Of The Government” Journalism
is about asking questions that corporations, governments and establishments
don’t want to answer. It’s about reporting the full-story, no matter how many
toes you step on. It’s about opening up power to real scrutiny. And that is
something that the propagandists in big media are often incapable of — which of
course is why big media is slowly dying. We need to know the depth and width of
Fast and Furious and the programs which preceded it: how was it authorised, how
was it designed, how did it go wrong, who was to blame for it going wrong. We
need to know whether or not the widely-spread
allegation that the Obama administration has sold guns directly to Los
Zetas is true. We need to know whether or not El Chapo and the Sinaloa Cartel
are working with the DEA and the Mexican government. (Both
of these allegations are widely accepted as fact in Mexico ). We need to
know why Obama has chosen to continue the failed drug war, even in spite of
overwhelming evidence that the illegality of drugs is the very thing that empowers the criminal cartels, and in spite
of the fact that Obama is a former drug user . , DOJ
Says It Won't Prosecute DOJ Head Holder
How should we say this: we are
shocked, shocked BREAKING:
DOJ says it won't prosecute Attorney General Holder after the GOP-led House
voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm , Barclays
On The Rally: "Fade It", Because The Summit Is "Not A
Game-Changer For The EUR" With
everyone scrambling to buy into the bathsalts rally, and shorts rushing to
cover with a panic bordering on a QE-announcement, it is somewhat ironic that
today's voice of muted reason comes from none other than Liebor expert
extraordinaire: Barclays lock your profits Citi ,
Goldman ,
SocGen
and DB to
name but a few): for a real fiscal and monetary policy intervention to take
place (i.e., a rescue package that lasts at least a few months, as opposed to
today's several day max rally): the
market has to be tumbling. , Europe's
Unanswered Questions The EU summit to save the Euro (the
nineteenth, or thereabouts) has, quite remarkably, agreed to do something to
try and save the Euro. As UBS' Paul Donavan notes "As ever with a Euro summit there are
unanswered questions. Grandiose statements are what heads of government
specialise in – the details are left to later" Maastricht Once “create a single currency” had been agreed,
politicians lost interest. statement from the summit itself was woefully inadequate "Going into this
summit we had a monetary union in Europe that
clearly did not work. Coming out of this summit we have a monetary union that
still does not work." , Bruno
Iksil's Guide To Surviving The Status Quo: Baffle Them With Bullshit , The Dummy's
Guide To Healthcare Initially presenting the potential problems
of our current healthcare environment, the creator of 'the bears that explained
Quantitative Easing' provides much food for thought on the unintended
consequences of Obamacare (in all its 2700 page glory). For everything you need
to know about how it devolved to this ("To
understand healthcare in America , Iran
Oil Embargo Goes Into Effect: Crude Up 8% , Guest
Post: It's Time To Connect The Dots
This week may very well go down
as 'connect the dots' week. Things have been moving so quickly, so let's step
back briefly and review the big picture from the week's events. When you
connect the dots, the next steps lead to what may soon be regarded as an
obvious conclusion: the system, as
it exists right now, is crumbling . No amount of self-delusion can make this go away.
, And The
Reason For Today's Bathsalts Rally Is... ...
Nothing more (or less) than NYSE short interest as of June 15 (at 14.7 billion
shares) soaring to the highest since October 2011, just before the mega ramp on
the previously
mentioned October 26, 2011 Greek "Bailout" started on another
total non-event as history would show (as would be the ensuing global central
bank interventions, and the
Fed, SCOTUS, and Eurocrats technical Europe
or anywhere else.
6-28-12 GOP: Ruling will hurt swing-state Dems in November { This
may seem somewhat counterintuitive and a bit of a rationalization; but, it is
absolutely true. So true in fact, that wobama will come to be compared to
Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t
do for americans and the economy and what it actually does will not have the galvanizing
effect that striking the bill down would have had on voters who were thinking
‘another free lunch from the government’ will save them (we all now know
better, no such thing). Yes, in somewhat European tradition, defacto bankrupt america Europe
(and any other nation that’s tried it). In the final analysis, this and such
programs as the contraindicated bailouts for the unprosecuted frauds on wall
street, etc., will prove to be the ‘camel-back breaking’ moment for america;
and, a pyrrhic victory for the egregiously failed president wobama. America’s
debt woe is worse than Greece’s News $211 trillion ’ … } , Jaw-dropping switch saves 'Obamacare' ‘In his White House
memoir, “Courage and Consequence,” Karl Rove recalls being the lone non-lawyer
among the group of George W. Bush aides who initially interviewed John Roberts
for the Supreme Court in 2005. Rove asked Roberts to go back in history to name
the justice whom he most revered. Roberts’ answer, Robert Jackson, intrigued
and reassured Rove. When appointed in 1941, Jackson I’d say that, like wobama,
Roberts on an attention-starved court of meaningfully lawless rules in a
meaningfully lawless nation was just looking for a legacy to hang a hat
on! So, while we’re all getting
‘greeked’, let’s get really greecey and immerse ourselves in greek lore and in
potus and scotus being the modern day equivalents of scylla and charybdis. }
, House holds Attorney General Eric Holder in contempt of
Congress , Suckers’ algo rally into
the close to keep suckers sucked in for month, quarter, half window dressing
(manipulated stock prices, oh my!) - As per Dave (Dave’s Daily: http://www.etfdigest.com )‘… But a late day rally on
an old Bloomberg story that Italy
and Spain the BBC indicates more of
the same—some short-term support for Spain
and Italy
, 15
Reasons Why The Obamacare Decision Is A Mind Blowing Disaster For America http://albertpeia.com/15reasonsobamacareisadisaster.htm , 17
Reasons To Be EXTREMELY Concerned About The Second Half Of 2012 http://17reasonssecondhalfworse.htm http://albertpeia.com/totaleconomiccollapseseptoct.htm ,
Drudgereport: MICHAEL
SAVAGE: 'ROBERTS EPILEPSY MEDICATION AFFECTS HIS COGNITION'... FLASHBACK
NYT: Roberts drugs 'can have troubling side effects, mental slowing and
forgetfulness'... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
SUPREME
COURT RULES: OBAMACARE
STANDS... Mandate
survives AS A 'TAX'... Chief Justice
Roberts joins left of the Court... 'It is not
our role to forbid it, or pass upon its wisdom or fairness'... .PDF OF
OPINIONS Dissent: 'We
Cannot Rewrite the Statute to Be What It Is Not'... FLASHBACK:
Obama: Mandate is NOT A TAX... VIDEO...
RUSH
LIMBAUGH: 'WE NOW HAVE THE BIGGEST 'TAX' INCREASE IN HISTORY OF THE WORLD'...
21 TAX
INCREASES...
Did Justice
Roberts change his vote at last minute? George Will:
Conservatives' consolation prize... Republican
governors vow to ignore Obamacare... HOUSE REPEAL
VOTE SET FOR WEEK OF JULY 9... Speaker
Boehner: 'Ruling underscores urgency'... MCCONNELL:
'Sold to American people on a deception'...
If
You Are Basing Your Investment Decisions on This, You Might Want to Rethink
Things June 28, 2012 By gpc1981 http://albertpeia.com/hopiumover.htm , Full
EU Summit Statement (In All Its Conditional Wishy-Washy Glory) ZeroHedge.com
6-28-12 The early
Friday morning release of an entirely conditional 'plan' for a 'plan' that will
likely require the ESM contracts to be torn up and a new contract to be
re-ratified (by ALL members - including Finland and Germany) , due to the stripping of the ESM
seniority via the EFSF 'workaround', was high-fived by any and all EU leader
still standing. Is it any wonder (given the conditionality and ratifications
required) that the best the market could manage, on what is now obviously nothing but yet another watered-down
talking-point ridden 'promise-of-more-to-come' plan (as opposed to the
impossible becoming possible as Ireland's Kenny so eloquently described it) , Juncker
'Hoped For More' As Italy And Spain (Oh, And Ireland Now) Get (To Share
Same-Size) 'Band-Aid' , Mike
Krieger: Where Food Stamps Go to Die
, California
Is Not Spain, Uganda, Or Greece; But Stockton Sure Is: Largest US City
Bankruptcy Is Now Official , Obama On The Topic Of
Mandates Earlier, we
presented a slightly more idealistic, slightly less gray, slightly less
mathematically challenged version of the president talking to ABC's George
Stephanopolous on the topic of whether or not the Affordable Care Act should be
treated as tax. Obama said " I absolutely reject that notion ". The Supreme Court, however,
whether with a last
minute change of heart by Chief Justice Roberts for whatever reasons, or
not, disagreed in what ended up being a shocking hail mary effort, and
essentially said that Obama's entire spin campaign of Obamacare as 'not a tax'
is wrong, in the process making Obamacare constitutional but also making it the
largest tax increase in the history of the US…
, Spain Back
Over 7% , Guest
Post: Q1 GDP - Consumer Weaker As Weather Saves The Day , Update:
Germany Just Said, You Know It, Nein; Eurobeggars Continue To Be Choosers;
..In other words, beggars continue to be choosers, as Italy and Spain
will not agree on getting aid (!) until Germany Greece Italy , Stocks
Don't Even Need A Rumor To Surge Now
Stocks just surged over 1% off their lows on absolutely no news
whatsoever. The Merkel news was minutes ago (and how is that in any way
positive) and the JPM news is old and irrelevant... This is simply
ridiculous... they are on their own from a cross-asset perspective and just
touched yesterday's closing VWAP which feels very algo-exit-driven... , Congress
Finds AG Holder In Contempt , Biderman
On Biflation And 'After The Endgame'
"What happens when the Bernanke Put dies?" is the salient
question that Charles Biderman of TrimTabs asks and answers in today's effusive
excursion into a market that will face both deflation and inflation. In
response to the question of what happens after the current miasma of markets
ends, Biderman opines that assets will deflate - once the Bernank's constant
handing over of trillions to bankers is done, equity
and bond prices will deflate and commodity prices will inflate. Nominal USD-priced commodities will
soar against a deflating currency as asset prices for everything else will
deflate. Concerned, just as we have been, that outbreaks of violence will occur
in Europe as their 'safety net' unravels, Charles adds that while the US faces turmoil,
Europe will get their ahead of us as "their entire
welfare-state-based economies will need a do-over" . He does offer a silver-lining for
the post-modern world with some thoughts on the productivity boom (and not just
leverage) that an online world will bring and while he believes US housing has
bottomed for the lowest 2/3rds of the population, he remains extremely
cautious on equity prices and their inevitable crash .
Where
Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not
Understand http://albertpeia.com/federalreservescam.htm , The EU
Has Already Broken Up… They Just Haven’t Formalized Yet http://albertpeia.com/eualreadybrokenup.htm , Dave’s Daily: http://www.etfdigest.com
6-27-12 ‘There’s
plenty of tension around with ObamaCare up for a SCOTUS decision and more
deadlines for the eurozone Friday or over the weekend. Economic data in the U.S. Germany noted …’ , With
Total Viewers Sliding To 7 Year Lows, Is CNBC Fading Into Obscurity? ZeroHedge.com
Tyler Durden , Re-Election
Hopes? "It's Obama's Economy, Stupid!" While it is seeming common
knoweldge that the state of the economy has a significant bearing on the
outcome of the presidential election in the US, Barclays notes that in the case of an incumbent running, economic
performance appears to be most important These same factors all pose significant
headwinds to the current incumbent , Philip
A. Falcone and Harbinger Charged With Securities Fraud - Full Release , The
Breathless (And Baseless) Bailout Hope
, Presenting
Europe's 'Over-Indebtedness' Roadmap To Catastrophe , Guest
Post: Fiat Money Kills Productivity
, Headline
Durable Goods Beats, Core Ex-Transports And Capital Goods Shipments Miss There is a little for everyone in the latest
BWB (Baffle with BS) data point - durable goods. The headline number printed at
+1.1%, on expectations of a 0.5% rise, up from a downwardly revised -0.2% (from
0.2%). So a beat even as the baseline was cut. However, when stripping out the
extremely volatile transports number, the result was very different and at
+0.4%, it was a miss of expectations of 0.7%, although still up from the April
-0.6%. Finally, actual Capital Goods shipments excluding non-defense rose 1.6%
on expectations of a 1.9% increase. In other words: a beat when including
volatile fluff, a miss on the core. The inventory/shipments ratio slipped to
1.63, lowest reading since Dec. 2011; may “imply weaker times ahead,” says
Bloomberg economist Rich Yamarone. Is this good enough for the Fed to push on
with the NEW QE: it is unclear. Which is why next Friday's NFP will once again
be watched by everyo8ne and be the latest "most important payrolls number
ever."
6-26-12
22
Statistics That Prove That The American Dream Is Being Systematically Destroyed The following are 22 statistics that prove
that the American Dream is being systematically destroyed.... http://albertpeia.com/americandreamdestroyed.htm , Biden: Romney is a job creator -- overseas { The effects of having part of your brain
removed, indeed. It is noteworthy that ‘Lobotomy Joe’ biden voted for NAFTA
which produced that ‘sucking sound’ forebodingly described by the honorable
Ross Perot; viz., of jobs leaving the u.s. as a direct consequence thereof.
} ,
Dave’s
Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html CHUCKY THE CONSUMER IS NOT ENTHUSED 6-26-12
‘News from the U.S. included the Case Shiller Home Price Index which was which
was about as expected (.7% vs .4% expected & prior .7%) with YOY (-1.9% vs
-2.3% expected & prior -2.6%). So in realtor lingo this would indicate a
“stable” market. When realtors tell you prices are stable, this usually means
they haven’t sold a house in months.The Richmond Fed Manufacturing Index was a
disappointment (-3 vs 5 expected & prior 4) keeping the economy on a
weakening path.Consumer Confidence stunk (62.0 vs 63.5 expected & prior
64.4) so don’t expect “Chucky the Consumer you can’t kill” to bailout the
economy this go round. The chart below reflects the relationship and
performance with the S&P and previous Consumer Confidence data. Meanwhile
the drama in the eurozone continues as we lumber along toward Friday’s “it’s
fixed this time” decision. So we expect plenty of rumors and manipulation
before then. The European Stability Mechanism (ESM) which is expected to
provide a bailout facility floated a few positive ideas which would expand the
facility. This got some algo buying going despite the fact that both Germany Germany , lesser known (and less conflicted)
rating agency Egan Jones downgraded Germany Greece Stournaras
for the job. He was instrumental in getting Greece Brussels noted .Speaking of credit
downgrades, Moody’s ratings cuts to 28 Spanish banks (10 to junk) had little
effect so either Moody’s is still either disrespected or leading from
behind.Bulls seized on rumors and data they liked to get algos pumped-up to
launch some buy programs especially when the IMF’s Blanchard said: “Short-term
must be the focus for Europe.” This must mean QE or just plain old, “kick the
can”.Stocks put in gains on this Turnaround Tuesday with tech (XLK) leading
along with consumer discretionary (XLY) and retail (XRT). Of course the latter
flew in the face of Consumer Confidence data.The dollar (UUP) was flat while
gold (GLD) prices sank once again. Commodity prices (DBC) were mixed to
slightly higher mostly led by grain (JJG) markets. Bond (IEF) prices were
slightly lower.Volume was still on the light side while breadth per the WSJ was
positive…’ , Ray
Dalio: Don't Assume That Germany Will Bail Europe Out; Consider The "Fat
Tail" A Significant Possibility
ZeroHedge.com
Tyler Durden , Egan
Jones Downgrades Germany From AA- To A+
, "Bankruptcy
Only Choice Left" As Stockton Set To Become Largest US City Chapter 9 , Guest Post:
Liquidation Is Vital In light of the
zombification that now exists in Japan and
also America (and coming soon to every single QE and bailout-heavy Western
economy) — zombie companies, poorly managed, making all the same mistakes as
before, rudderless, and yet still in business thanks to government intervention
— it is clear that the liquidationists grasped something that Keynesians
are still missing. Markets are largely no longer trading
fundamentals; they are just trading state intervention and money printing. Why
debate earnings when instead you can debate the prospects of QE3? Why invest in
profitable companies and ventures when instead you can pay yourself a fat bonus
cheque out of monetary stimulus? Why exercise caution and consideration when
you can just gamble and get a bailout? Unfortunately, Mellon and his
counterparts at the 30s Fed were the wrong kind of liquidationists — they could
not heed their own advice and leave the market be. Ironically, the 30s Fed
in raising interest rates and failing to act as lender-of-last resort drove the
market into a deeper depression than was necessary (and certainly a deeper one
than happened in 1907) and crushed any incipient recovery. Liquidation is not
merely some abstract policy directive, or government function. It is an
organic function of the market . , Rosenberg
Opens Pandora's 'Global Economic Shock' Box
In a detailed discussion with Bloomberg TV's Tom Keene, Gluskin
Sheff's David Rosenberg addresses everything from Europe's
"inability to grow its way out of the problem" amid its 'existential
moment' , Asian
'trade shock' and commodity contagion, and US US inevitably you slip into recession ". He is back to his new normal
of 'frugality' and bearishness on the possibilities of any solution for Europe
but, most disconcertingly he advises Keene that "when you model fiscal
uncertainty into any sort of economic scenario in the U.S., what it means is
that businesses raise their liquidity ratios and households build up their
savings rates. This comes out of spending growth . And that's the problem - you've
got the fiscal uncertainty coupled with a US export 'trade shock'." , Equities
Rise On Low Volume Tide As Broad Risk Assets Tread Water , Turkey
Mobilizing: Media Manipulation, Provocation Or Reality? , Guest
Post: Who Destroyed The Middle Class - Part 3 , Supply
Chain Slowdown Signals US Economic Slump Ahead The American Chemistry Council's chief
economist Kevin Swift created a 'Chemical Activity Barometer' which tracks
chemical production and prices, hours worked at producers, and manufacturing
output among other factors. As indicated in today's Bloomberg
Chart-of-the-Day , this indicator, based on its 'earliness
in the supply chain' provides a signal that "the outlook for the economy
is slowing during the next six to nine months" since 96% of manufactured
goods are derived in part from materials produced by the US chemical industry . Three-month declines of 3% or more
have preceded all but one recession since 1947 and it is currently down over
2.5% from its highs in March suggesting sub-par growth is coming. , As
The ECB's Balance Sheet Hits A New Record High, Fair EURUSD Value Is 900 Pips
Lower , Charting
How Everything Changed In 2008
, Peripheral
Sovereign Yields Spike On Spain 'Junk' Rumors , Italy's
Unelected PM Mario Monti: "Eurobonds, Or I Resign" , Merkel
Says No European Shared Liability As Long As She Lives , Deutsche
Bank Hides The Hopium: "The Next Recession Should Start By The End Of
August" , Richmond
Fed Plunges; Consumers Underconfident For The Fourth Month In A Row , Art
Cashin Warns: "Beware The Ides Of September" While Europe is dominating headlines this
week, UBS' Art Cashin suggests "mark your calendar and cross your
fingers" as he notes the disproportionate prevalence of events that occur
in September. Focusing on The Economist's Greg Ip's recent post on a possible
seasonal pattern in banking crises, via this recent
Reinhart & Rogoff extension paper by Laeven and Valencia , he notes: "The
frequency with which the world goes to hell in September seems hardly
random."
Unfortunately the authors provide no explanation for this beyond observing,
"An interesting pattern emerges: banking crises tend to start in the
second half of the year, with large September and December effects." Ip
and Cashin offer some thoughts on why this is so historically, and more
importantly why this time is no different, as the avuncular Art concludes with:
"try to enjoy your summer".
6-25-12
Dave’s D aily: http://www.etfdigest.com http://etfdigest.com/commentary.html
RAINY DAYS &
MONDAYS FOR MARKETS 6-25-12 ‘There was
some good news Monday as New Home Sales rose much higher than expected (369K vs
350K expected & prior 343K) which should have emboldened bulls but really
didn’t as eurozone news dampened the mood. The weekend meeting between the four
prominent eurozone leaders ended without anything being accomplished. Italy Monti warned the eurozone has only a few days to
survive. Germans warned Greece Spain Bundesbank . Soros also
warned the eurozone has only a few days left to its existence. Rumors do
continue Germans may just quit the euro which would be quite a shock to the
system. Read the Spiegel
interview with Finance Minister Schauble .
Meanwhile, Chinese stocks fell to a 5 month low and BRICs in general are paying
a heavy price.The dollar (UUP) rallied as did the Japanese Yen (FXY) mostly
against the euro (FXE) on safe haven buying. At the same time gold (GLD) and
other precious metals rallied on safe haven buying. Commodities (DBC) and crude
oil (USO) overall were weaker but grains (JJG) are still on the rise given poor
weather conditions. Bonds (IEF) were stronger given the stock sell-off and more
safety plays.Stocks fell sharply across the globe. Wall Street saw shares of
major indexes drop from 1-2% overall. Even with the better housing data
Homebuilders (ITB) fell overall. The largest laggards were financials and banks
(XLF & KBE) as investors worry about eurozone exposure, hidden and
real.Tuesday will bring the Case-Shiller Home Price Index and Consumer
Confidence data. But all eyes are on the eurozone. And, I don’t know about you
but I’m starting to suffer from eurozone fatigue. So, whatever they have to do,
please get it over with.It appears the Supreme Court will deal with Obamacare
on Thursday while the eurozone awaits another Friday date with destiny.Volume
Monday was a little on the light side as investors must be in a “wait and see”
mode. Breadth per the WSJ was negative…’
, Moody's cuts Spanish banks on sovereign
downgrade ... , Forget the PIIGS,
Europe As a Whole Is Insolvent June 25, 2012 By gpc1981 http://albertpeia.com/europeinsolvent.htm , Too Much
Debt: Our Biggest Economic Problem http://albertpeia.com/toomuchdebt.htm , The Obamacare
Outcome Matrix ZeroHedge.com Tyler Durden 6-25-12
, Biderman
On The Bernanke Put, Black Swans, And The Failure Of 'Perceived Truths' The underlying premise for much of the
management of other-people's-money (OPM) is that if the market drops by an
appreciable amount, then Bernanke will step in and save the day. The problem
with these 'perceived truths', as Charles Biderman of TrimTabs notes, is that
they come-and-go; much like buy-and-hold and
China-as-the-engine-of-the-world's-growth. The belief in the Bernanke Put has
been around since the end of 2009 and is why the
biggest holders of stocks are today mostly fully invested because they really
believe that the Fed will remain the buyer of last resort . Unfortunately, as Charles points
out, 'market truths always end badly' and in this case what is underlying the
belief is that sooner of later the US economy will grow fast enough to allow
the Fed to stop priming the pump with newly minted money into stocks; and in
this case, he fears, "the headwinds are just too big and
that rapid growth will not happen any time soon" .
, Guest
Post: Oil Price Differentials: Caught Between The Sands And The Pipelines One of oil's most important characteristics
is its fungibility, which means that a barrel of refined oil from Texas is
equivalent to one from Saudi Arabia or Nigeria or anywhere else in the world.
The global oil machine is built upon this premise – tankers take oil wherever
it is needed, and one country pays almost the same as the next for this
valuable commodity. Well, that's true aside from two factors that can render
this equivalency void. In fact, crude oil prices range a fair bit according to
the quality of the crude and the challenge of moving it from wellhead to
refinery. Those factors are currently wreaking havoc on oil prices in North America : a range of oil qualities and a raft of
infrastructure issues are creating record price differentials. And with no
solution in sight, we think those differentials are here to stay. , Obama
Issues Statement On SCOTUS Arizona Immigration Law Ruling Just out from the TOTUS ,
who manages to convert a Supreme Court slap into a piece of pre-election
propaganda like no other. , Moody's
Downgrades Spanish Banking Sector By 1-4 Notches , Stocks
Slump But Commodities Jump Despite USD Pump
US equities dumped out of the gate from the day-session open - after
drifting lower with Europe all night/morning. Regimes shifted as Europe closed
with Gold and Silver spurting higher (with the latter outperforming to play catch-up from
last week) which led to the start of a correlated risk-on move in stocks (egged
on in a 'ignorant' way but Oil strength from its increasing war-premium given
the middle-east turbulence.) The levitation on low average trade
size and low volume was mind-blowingly algorithmic as ES came to rest for the
last hour almost perfectly at VWAP (and EURUSD seemed pegged at 1.25). Just like on Friday
though, with a few minutes to go, ES dropped rapidly on heavy volume and
average trade size as it would appear institutional sell orders plagued the
market. The close took us back into the down-trend channel and back to 10-day
lows for stocks. Modest USD strength (and JPY strength on
carry-unwinds)
left Oil lower from Friday but well off its lows as the rest of the commodity
complex surged. Treasuries gained back all of Friday's losses ending at Thursday's low yields
with 30Y outperforming. Financials and Energy sectors were worst with the major
financials ending down 5-7% from the pre-downgrade close now. HYG (and HY)
outperformed in the short-term but as we
noted earlier remains a convergence trade than an indication of rotation or
strength. The late-day dump in stocks lifted VIX back
over 20% ending up 2.3 vols as implied correlation lifted back above the 70
'crisis' levels once again. , On
The Verge Of A Historic Inversion In Shadow Banking While everyone's attention was focused on
details surrounding the household sector in the recently released Q1 Flow of
Funds report (ours
included ), something much more important happened in the US economy from a
flow perspective, something which, in fact, has not happened since December of
1995, when liabilities in the deposit-free US Shadow Banking system for the
first time ever became larger than liabilities held by traditional financial
institutions, or those whose funding comes primarily from deposits. As a
reminder, Zero Hedge has been covering the topic of Shadow Banking for over
two years , as it is our contention that this massive, and virtually
undiscussed component of the US real economy (that which is never covered by
hobby economists' three letter economic theories used to validate socialism, or
even any version of (neo-)Keynesianism as shadow banking in its proper,
virulent form did not exist until the late
1990s same size
as total US GDP! in fact
one that defines, or at least should, monetary policy more than most imagine,
and also explains why despite trillions in new money having been created out of
thin air, the flow through into the general economy has been negligible .
, Guest Post: The
Absurdity Of NATO , The
Full "Three-Days-To-Eurocalypse" Soros Interview , The
Two Scariest Charts In Europe (Got Scarier)
6-22-12
Dave’s D aily: http://www.etfdigest.com http://etfdigest.com/commentary.html BANKS RALLY ON DOWNGRADES 6-22-12
‘It would appear the rating agencies are either “leading from behind” or
just don’t have much respect these days after they botched the mortgage crisis’
{ As an aside, I thought Rodney
Dangerfield was absolutely hilarious in that great comedy classic, ‘Caddyshack’
and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }. ‘The 15 bank downgrades by Moody’s
Thursday evening didn’t seem to bother anyone. Of course it’s quite odd that
Buffett’s Berkshire Hathaway (BRK/A) has large
stakes in Moody’s and banks being downgraded. Could there be a conflict there?
Does Buffett have influence? Surely you jest sir! Long story short—bank stocks
rallied Friday… downgrades to certain levels necessitate by agreement dreaded
margin calls…’ , Eric
Sprott Presents The Ministry of [Un]Truth
ZeroHedge.co Tyler Durden
6-22-12 We have no doubt that everyone
is tired of bad news, but we are compelled to review the facts: Europe is
currently experiencing severe bank runs, budgets in virtually every western
country on the planet are out of control, the banking system is running
excessive leverage and risk, the costs of servicing the ever-increasing amounts
of government debt are rising rapidly, and the economies of Europe, Asia and
the United States are slowing down or are in full contraction. There's no sugar
coating it and we have to stop listening to politicians and central planners
who continue to downplay, obfuscate and flat out lie about the current economic
reality. Stop listening to them , Dr.
Michael "The Big Short" Burry's "Brutal Hangover Is
Inevitable" State-Of-The-World UCLA Commencement Speech Infamous for his prediction of the great
recession, Europe's demise, and the collapse of the US financial system (as
well as profiting extremely handsomely from said predictions), so well captured
in Michael Lewis' book "The Big Short", UCLA's Dr. Michael Burry
undertakes UCLA's Economics Department's commencement speech with much aplomb.
In this "age of infinite distraction", the astounding truthiness of
this 15 minute speech is stunning from single-sentence summation
of Europe's convulsions that "when the entitled elect themselves, the
party accelerates, and the brutal hangover is inevitable" he reminds us
that Californians, and indeed all Americans, should take note. A quarter-of-an-hour well spent
from a self-described 'chicken-little' who was "just trying to figure it all out" , Escalation:
Syria Says Turkish Jet Shot Down Was Over Syrian Territorial Waters The "Syrianna" from
this afternoon , which many were quick to label as merely a lot of
diplomatic hot air and rhetoric, just turned uglier, after Syria not only did not The
Syrian military said it shot down a Turkish military aircraft "over Syrian
territorial waters" on Friday. " Our air defences confronted a
target that penetrated our air space over our territorial waters pre-afternoon
on Friday and shot it down. It turned out to be a Turkish military plane ," a statement by the military
circulated on state media said. The only question remains whether Syria Turkey Turkey
was in its right and that Syria reminded
earlier , Syria , Stocks
Dump Into Close After Help From Oil And Bonds All Day , Guest
Post: The Fed And Goldilocks Economic Forecasting Beginning in 2011 the Federal Reserve begin
releasing its economic forecast for the present year and two years forward
covering GDP, Unemployment, and Inflation. The question is after 18
months of forecasting - just how good has the Fed at forecasting these economic
variables? I have compiled the data from each of the releases for each
category and compared it to the real figures and used a current trend analysis
for future estimates.... The Fed has been slowly guiding economic forecasts
lower since 2011. The reality is that 2.6% economic growth is not a boon of
economic prosperity, corporate profitability, increasing incomes or a secular
bull market. It is also not the "death
of America "booms and busts" , Deconstructing
Hopium In 3 Simple Charts , Guest Post:
When Will Reality Intrude? , Biderman
And Bianco Berate Bernanke, Buy Bullion, And Batter Bullishness , Latest
European Bailout Plan Fizzles In Record Time , ECB
Officially Announces Easing Of Collateral Rules, Confirms Europe Has Run Out Of
Assets , Citi
Doubles Down Goldman Sell Call, Says Market "Heading Lower... Liquidity
Support Around 1285"
The
USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs
China Currency Swap When the US
Dollar is ultimately dethroned as the world's reserve currency (and finally
gets rid of all those ridiculous three letter post-Keynesian economic
"theories") nobody will have seen it coming. Well, nobody except for
the following headlines: ""World's
Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In
Direct Currency Trade ", "China,
Russia Drop Dollar In Bilateral Trade ", "China
And Iran To Bypass Dollar, Plan Oil Barter System ", "India and Japan sign new
$15bn currency swap agreement ", "Iran,
Russia Replace Dollar With Rial, Ruble in Trade, Fars Says ", "India
Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees ."
Asia . No more courtesy of
the following FT headline: "Brazil
and China agree currency swap ."Brazil has provided a vote of confidence in China ’s efforts to promote the renminbi as a reserve currency by becoming the biggest economy
yet to agree a swap deal with Beijing
6-21-12 Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html ‘As readers know I’ve been on the “down low”
waiting for the Greek elections and FOMC statement. This, and staying liquid,
proved the right move for now , Moody's downgrades 15 major global banks , Germany
Could Pull Out of the Euro Before Spain is Even “Saved” June 21, 2012
By gpc1981 http://albertpeia.com/germanypullout.htm , Data
Mining: Big Corporations Are Gathering Every Shred Of Information About You
That They Can And Selling It For Profit
http://albertpeia.com/datamining.htm , 120
Powerful Pieces Of Advice For Preppers
http://albertpeia.com/adviceforpreppers.htm , Propaganda, Lies,
And War ZeroHedge.com Tyler Durden
6-21-12 Despite already being
engaged in drone wars in Pakistan, Somalia, Yemen, and still occupying
Afghanistan, the U.S. is being duped into yet another war based on shaky
evidence and at the behest of deep-pocketed
special interests. This is coming even while a secretive
cyber war already being
waged to damage Iran to
the Pentagon , “computer sabotage coming from another country can constitute
an act of war.” Not only that, but the draconian sanctions thus far
placed on Iran denied
service to many Iranian banks. With the imposing of an oil
embargo from the European Union just around the corner (July 1st )
that will all but make it impossible for oil tankers to be insured by Lloyd’s
of London, an actual naval blockade is being
floated by U.S. lawmakers. Much like the Antebellum South and Japan , Iran is being pushed
into a corner.... Then and now, wealthy special interests are a driving force
behind American imperialism. Lies will be spun till they are seen as
facts. When the truth comes out, the irreparable damage will already be
done. Like anything the state lays its filthy hands on, war is a
racket. The beneficiaries of the ruling class’s gleeful foray into mass
murder are few in number. The masses, still brainwashed into feverish
nationalism, end up paying the costs with their pilfered income, eroded
liberty, and, ultimately, their own lives.
, Was
BlackRock's Permabull Bob Doll Fired For Stealing Financial Models? Two weeks ago, when we remarked with great
satisfaction that Wall Street's original pentagram
of bull had now been cut to three, with the departure of BlackRock's
hypermabull Bob Doll, we had one lingering question: why would a strategist,
and not a trader, leave Wall Street in the "prime" of his CNBC
prime-time years? After all, it is not like Doll ever was right, or was judged
by the quality of his predictions - if that was the case he would have been
fired years ago. Basically, there was a big question mark surrounding this
departure. Today, we may have gotten our answer: as Reuters reports, it appears
Doll may have been dipping into the wrong model. Financial model that is. , Here
We Go: Moody's Downgrade Is Out - Morgan Stanley Cut Only 2 Notches, To Face
$6.8 Billion In Collateral Calls
, Taibbi
Is Back With The Scam Wall Street Learned From the Mafia , The Deer Is
Back As Markets Go 'Reality-On' Today wasn't the worst plunge in the stock
market so far this year... It was the second-worst by a whisper. And just like
that we are one third of the way down to Goldman's target. But everything is priced in? biggest two-day drop in oil in over 9 months Dow is following a very worrisome
pattern (echoing last year far too well) as it lost the second most points in
the year WTI -7% this week AUD (as we suggested) was crushed China , “You
Can Lose Freedom Only Once” testosteronepit 06/21/2012 - Swiss Minister of Defense
speaks up while Merkel joins the Axis of Evil , Ponzi
Comes Full Circle: ECB Will Rate Sovereign Bonds It Accepts As Collateral , Initial
Claims Miss For 7th Week In A Row, "Improve" From Last Week's Bogus
Revised Number And so the gaming
continues: Initial Claims miss expectations of a 383K print, coming at 387K, a
number which next week will be revised to 390K. This is the 7th miss in a row, and 23rd miss of the past 26 weeks initial
claims decline by 2,000
6-20-12
AMERICA ’S
FAILED ECONOMIC APPROACH IN A NUTSHELL (image courtesy of Dave Fry http://etfdigest.com )
: http://albertpeia.com/insanity.jpg Well done, Dave! , Dave’s D aily:
http://www.etfdigest.com http://etfdigest.com/commentary.html ‘THE FED DOES AS ADVERTISED 6-20-12 The result of Greek elections seemed a
non-event and now so too are the Fed’s action. The former is back to limbo with
a renegotiation stalemate with more of the same to come. The Fed’s extension of
“Operation Twist” was widely predicted as the likely outcome of their meeting.
The former makes you wonder why anyone believes the eurozone is “fixed” while
the latter begs the question: “If you’ve been twisting for the past 6 months
without any positive benefit, why continue?” In his news conference Bernanke
told reporters the Fed had lowered GDP forecasts (1.9-2.4% from 2.4-2.9%) and
expected unemployment to remain above 8% through year-end. This is hardly
bullish news despite hints of more action to come if necessary. Like what?
Well, they could just expand their Treasury holdings by buying even more dated
bonds—QE3 or some form of it. The latter is more jawboning and threats. Goldman
Sachs had perhaps astutely suggested this was the Fed’s last chance to do
something serious before the election made it seem politicized. Nevertheless,
markets want to go higher because, cynically, it’s bonus time for portfolio
managers and report card time for clients. After all Europe is not fixed and
neither is the U.S. , Will
Toledo, Ohio Be The First Major American City To Be Owned By China? http://albertpeia.com/holytoledo.htm ‘It has been said that there are two ways to conquer and
enslave a nation. One way is by using the sword, and the other is by
using debt. Fortunately, America
is not in danger of being conquered by the sword right now, but America is being conquered by debt. The
borrower is the servant of the lender, and today we owe China China China
is gobbling up U.S. real
estate and U.S. Toledo , Ohio , The Chart That Scares The "1%" The Most ZeroHedge.com
Tyler Durden 6-20-12 Capitalists have been gripped by 'systemic
fear' making them worry not about the day-to-day movements of growth,
employment, and profit, but about 'losing their grip'. An interesting recent
article by the Real-World
Economics Review on the Asymptotes of Power focuses on the fact that the capitalists
are forced to realize that their system may not be eternal , and that it may not survive in its
current form. The authors fear that, peering into the future, the '1%' realize
that in order to maintain (or further increase) their distributional power
(their net profit share of national income - which hovers at record highs) they
will have to unleash even greater doses of social 'violence' on the lower
classes. The high level of force already being applied makes them increasingly
fearful of the backlash they are about to receive (think Europe to a lesser
extent) and nowhere is this relationship between the wealthy capitalists and
social upheaval more evident than in the incredible correlation between the Top
10% share of wealth and the percent of the labor force in prison. In order
to have reached the peak level of power it currently enjoys, the ruling class
has had to inflict growing threats, sabotage and pain on the underlying
population. Although there are no hard and fast rules here, it is doubtful that
this massive punishment can be increased much further without highly
destabilizing consequences. This crisis is rooted in our past sins and we are unlikely
to escape the punishment we justly deserve.
, The
"American Exceptionalism" Paradigm Is Broken , What Is Executive
Privilege? There has been much talk
today about Obama's use of the "executive privilege" yet few are
familiar with the details of this relatively unknown presidential option. The
AP sheds much needed light on this practice: perhaps the most fitting, to the
constitutional expert president, is that the "privilege" isn't in
the Constitution nor has been clearly defined by the courts. In other words - just the kind of
loophole that one needs to mask the fact that the very person tasked with
imposing justice is himself guilty of performing just the opposite. Yet Obama
has only used it once (so far) during his tenure as president. Dubya used it
six times, Bush Sr used it once also. Slick Willie however takes the cake with
14 cases of executive privilege during his 8 years..’ , Guest
Post: Abandoning Ship - The Eurozone Is Failing At An Accelerating Rate , Faster
And Furiouser: Darrell Issa Strikes Back, Holds Eric Holder In Contempt , Guest
Post: The Housing Recovery - Based On What?
…We understand the industry's extreme self-interest in attempting to
re-inflate housing…But people need a sufficient income to qualify to own a
house, regardless of rates, so let's look at income by age,
and focus on the key homebuying ages of 25 to 44 . The only age group whose incomes
continued rising during the past five years is the over 65 cohort--the very
group who is "downsizing" or selling their homes to live in assisted
living. The key homebuying cohorts have seen their incomes plummet since the
housing bubble popped. , Presenting
The Fundamental Flaw In The Fed's Thinking
This one simple chart below shows what is possibly the biggest and most
fundamental flaw in Bernanke's approach to spurring the economy, which to him,
of course, means rising prices of risky assets, aka the stock market. , Fed
Releases New Economic Forecast, Sees Deteriorating Economy, Up To 8.2%
Unemployment At Year End Spain
is Now Facing a Banking Crisis and a Sovereign Crisis at the Same Time June 20, 2012 By gpc1981 http://albertpeia.com/eugameover.htm
‘Last year I (Graham Summers) wrote a piece in which I noted that the EU would
implode before the end of 2012. The reason for this was clear as day: EU banks
needed to roll over hundreds of billions of Euros’ worth of debt (possibly
trillions) at a time when interest rates would be rising as sovereign bonds
fell in value: At that time I wrote:
This is not a question of “if,” it is a question of “when.” And it will very
likely happen within the next 10-12 months if not sooner depending on how soon Greece
French banks need to roll over 30% of their
TOTAL debt. Spanish banks and Italian banks need to rollover
more than 33% of their TOTAL debt. German banks need to roll over nearly 40% of
their TOTAL debt. Irish banks need to roll over almost HALF (50%)
of their TOTAL debt.
Let’s fast forward to today to focus on Spain
1) Spain ’s
banking system is roughly €3 trillion in size (3X Spain
2) Spanish banks’ gross borrowing from
the ECB was €316 billion in April.
3) Spanish banks need to roll over 20% of
their bonds (roughly) €600 billion this year.
Anyone can see by this a simple “back of the envelope
analysis “that Spain How on earth Spanish banks can roll over €600 billion
in bonds at a time when the global bond market has just learned that all
private bondholders will be subordinate to the ESM is beyond me ( read: it won’t happen). Spain ’s
REAL Debt to GDP at 146%, Spain banking crisis AND a sovereign crisis simultaneously. There is no entity on this planet that can shore up
both the Spanish banking system as well as the Spanish Sovereign bond market…’
6-19-12
Oh
Crud! 19 Reasons Why It Is Time To Start Freaking Out About The Global Economy http://albertpeia.com/19reasonstofreakoutaboutglobaleconomy.htm ‘Yes, it is officially time to start freaking out about the
global economy. The European financial system is falling apart and it is
going to go down hard. If Europe was
going to be saved it would have happened by now. The big money insiders
have already pulled their funds from vulnerable positions and they are ready to
ride the coming chaos out. Over the next few months the slow motion
train wreck currently unfolding in Europe will
continue to play out and things will likely really start really heating up in
the fall once summer vacations are over. Most Americans greatly
underestimate how much Europe can affect the
global economy. Europe actually has a larger population than the United States Europe also has a significantly
larger economy and a much larger banking system… Moreover, before Obama there had never been a deficit anywhere near $1
trillion. The highest previously was $458 billion, or less than half
a trillion, in 2008. The federal deficit for the last budget adopted by a
Republican controlled Congress was $161 billion for fiscal year
2007. But the budget deficits for Obama’s four years were reported
in Obama’s own 2013 budget as $1.413 trillion for 2009, $1.293 trillion for
2010, $1.3 trillion for 2011, and $1.327 trillion for 2012, four years in a row
of deficits of $1.3 trillion or more, the highest in world history. #19
Barack Obama almost seems more focused on his golf game than on the problems
the global economy is having. He just finished up playing his 100th round of golf since he
became president. (Don’t forget as well, wobama’s record 150 fundraisers plus
heavily vacationed tenure leaves little time to accomplish anything; and, he
hasn’t!) , The
Mancession: 16 Signs That This Economic Decline Is Sucking The Life Out Of The
American Male http://albertpeia.com/16signseconomicdeclinesuckinglifeoutofamericanmale.htm , Your
EBT Card Has Been Denied... At The Spearmint Rhino ZeroHedge.com
Tyler Durden 6-19-12 America's
welfare state is about to suffer a double whammy of epic proportions. On one
hand, extended unemployment benefits are now running out at a pace of 100,000+
per week, as more
and more American's lose eligibility for Komrade Samov's 99-week sponsored
vacation, meaning millions of Americans heretofore sitting comfortably on their
couch playing Call of Duty and collecting $400 a week will now start having to
think for a change - never a good thing for any regime that relies on its
electorate to be docile as drunk and fat Hindu cows. And
now this : "New York gambling, and strip clubs under a bill passed overwhelmingly
by the state Senate on Tuesday. "I understand that people need food
stamps," said Republican Sen. Thomas Libous, a Broome County right off the card, being ripped off with the
traditional 15% plastic surcharge instead of just paying cash. Now that is
really stupid. , Guest
Post: Who Destroyed The Middle Class? (Part 1) “Over the
last thirty years, the United
States America Charles
Ferguson , In
Case Of NEW QE, Gold To $1,900-$8,500 Says SocGen , Guest
Post: Springtime For The Military-Industrial Complex America is spending more today drone-striking
American citizens in Yemen, drone-surveilling Mexican drug lords and “turning our
attention to the vast potential of the Asia-Pacific region “ than she
was during the cold war when a hostile
superpower had thousands of nukes pointing at her contain
Chinese ambition , or drone strikes in the horn of Africa or Pakistan, or
the completely-failed drug war, or using the ghost of Kony to establish a
toehold in Africa to compete with China for African minerals, or an attempted
deposition of Bashar Assad or Egypt’s new Islamist regime, or bombing Iran’s
uranium-enrichment facilities, or a conflict over mineral rights in the Arctic,
or (as Paul Krugman desires —
and what the heck, it’s 2012, why not?) an alien invasion, or a new global
conflict arising out of a global economic reset, it’s springtime for the
military contractors. It’s everyone else who should be
worried. , As
Job Openings Plunge By Most Since May 2010, Beveridge Curve Goes Berserk , Housing
Starts Post Biggest Drop Since August 2011 As Permits Rise
6-18-12 America’s
Coming Depression Bruce
Krasting 06/17/2012 Happy Father's
Day! { Truth be told, it’s already here, funny money election-year
ponzis notwithstanding! } , Massive Wealth
Destruction To Arrive This Year http://albertpeia.com/massivewealthdestruction2012.htm , Stocks Edging Closer To Financial Cliff at Forbes , U.S. U.S. U.S. U.S.
stocks.Today, the value of all U.S. , Forget
The Election Results - Greece Is Still Doomed And So Is The Rest Of Europe http://albertpeia.com/forgetelectiongreeceeuropedoomed.htm , No
One’s Asking the REAL Question That Matters for the EU… And It’s Going to Cost
Them June 18, 2012 By gpc1981 ‘..no one seems to be asking THE key question
regarding the EU: Just WHERE is the money for
this bailout going to come from?.. only four of the required 17 countries have
even ratified the ESM (it’s supposed to be completely ratified in July 2012). Moreover,
you’ll note that the PIIGS as a whole
are meant to contribute 36% of the ESM’s FUNDING!!!! Spain
and Italy Spain is supposedly going to be bailed out by an
entity that doesn’t even exist yet for which Spain Spain ratified Germany will Europe is
out of money. End of story…’ , Massive Economic Collapse http://w3.newsmax.com/a/aftershockb/video47.cfm?PROMO_CODE=EF5E-1 , "Textbook
Economics" Quote Of The Day
ZeroHedge.com Tyler
Durden on 06/18/2012 ‘WSJ's
Jon Hilsenrath : Fed officials have been frustrated in the past year that
low interest rate policies haven't reached enough Americans to spur stronger
growth, the way economics textbooks say
low rates should U.S. according
to textbook economics lie, , Biderman
On Europe: "Germany Must Say No To Greece, Spain, & Italy" , As
Part Of Its NEW QE Q&A, Goldman Warns Of Possibility For $50-$75 Billion
"Flow" Program , Guest
Post: How to Save Your Money And Your Life
‘You should do the following.
Maintain
significant bank and brokerage accounts outside your home country.
Consider setting up an offshore asset protection trust. These things
aren't as easy to do as they used to be. But they'll likely be much less
easy in the future. Make
sure you have a significant portion of your wealth in precious metals and
a significant part of that offshore. Buy
some nice foreign real estate, ideally in a place where you wouldn't mind
spending some time. Work
on getting official residency in another country, as well as a second
citizenship/passport. There's every advantage to doing so, and no
disadvantages. That's true of all these things…’
Credit
Slumps But VIX Dump Drives Equity Pump
, Three
Charts Your Stockbroker Won't Want You To See While every long-only manager and jobbing
stockbroker is hard at work twisting the simple logic of 'but, but Central Banks will print and save the
world' 'US decoupling, cleanest-shirt, ignore Europe, earnings, profits,
money-on-the-sidelines'
, As
Italy Hints Of Subordination, Did Rome Just Request A "Semi" Bailout? , Merkel Just Says
"Nein" , Frontrunning: June 18
Submitted by Tyler
Durden on 06/18/2012 Greek radical leftist SYRIZA
leader Tsipras says will not join coalition government (as expected)
Egypt
Islamists claim presidency as army tightens grip (Reuters ) French
Socialists vow reforms after big poll win (Reuters ) Greeks
Back European Bailout (WSJ ) France ,
Socialists Win a Solid Majority (WSJ ) Denmark Warns
over Pressure on Krone (FT ) Obama
to press Putin on Syria Reuters )...
Putin to smile China
Home Prices Fall in Record No. of Cities (Bloomberg ) Europe Gets Emerging Market Crisis Ultimatum As G-20
Meet (Bloomberg ) Wolfgang
Münchau – What Happens if Angela Merkel Does Get Her Way (FT )
6-15-12
Dave’s Daily: http://www.etfdigest.com INVESTORS EXPECT BAILOUTS & QE { Keep this in mind as you read the data
infra, QE has blatantly failed and actually has exacerbated an already bad
economic situation for all but the frauds on wall street, yet the architects of
this unequivocal failure, viz., the incompetents at the fed, other bureaucrats,
pols, etc., clamor for more of the same (by Einstein’s or any other definition
that’s called insanity) } 6-15-12 ‘The
economic news Friday was terrible but that’s just leads to the cocktail
libation bulls want. Remember: “bad news is good” so get with the program
folks. The likely scenario is more bond buying and an extension of Operation
Twist (OT as in moving to “overtime”). The Empire State WSJ
indicating that some bank restrictions from the previous Basel Europe
is in recession so why would the euro be any better? Just sayin ’). Commodities prices were
mixed to higher (DBC) (USO) & (JJC) on the back of the weaker dollar.
Volume was surprisingly light for a quadwitching day with perhaps some action
having already taken place toward the close Thursday. Breadth per the WSJ was
positive. Believe it or not we’re now short-term overbought!...’ , Four
Bullet Points Explaining How JPMorgan Doubled Its Money From MF Global's Corpse
In Seven Months ZeroHedge.com Submitted by Tyler
Durden on 06/15/2012
‘Don't read this if you have high blood pressure or
if you are a client of MF Global's, whose money is still
JPMorgan
is put on MF Global bankruptcy committee on November
7, 2011 Two
weeks later , JPMorgan buys MF Global's 4.7% in LME for 39 million in a
"competitive bidding 7
months later, on June
15 2012 the LME gets an offer for $2.2 billion from China JPMorgan
makes over 100% still
stuck at JPM.
In the meantime, Jon Corzine was, is and will always
be a freeh man.
* * *
P.S. the topic
of why China is buying the world's biggest metals exchange, one which in a
lovely harbinger of things to come 2 months ago very symbolically replaced
Sterling settlement with Renminbi , is a different matter entirely. One
which just may have to do with the fact that domestic Chinese companies have
unprecedented stockpiles of everything, pledged as collateral everywhere.
Collateral whose prices would be easier to manipulate if one also controlled the
exchange where they all trade...’
, Volatility Is Not Risk ’… The right question is: where is the value?
, Pictures From Zimbabwe (usa)
, On The
Keynesian Lunacy Of Targeting Outcomes ‘…today’s various issues – the euro,
China’s economy, over-indebtedness – are the cumulative unintended consequences
of such past targets, and the naďve
presumption that complexity can be commanded…’
, Obama
Addresses America's Illegal Aliens, Bypasses Congress , And
For Today's Market Ramp Rumor We Have...
, Peak
Monthly Inflation In 1945 Hungary: 12,950,000,000,000,000% And Other
Hyperinflationary Facts ‘For some
reason, whenever people want to make a historical example of a
hyperinflationary period, they always bring up the Weimar Republic, aka Germany
in 1920-1923. Yet with a highest monthly inflation of just under 30,000%, Weimar 12,950,000,000,000,000% , The
Greek Decision Has Grown Spanish Branches
, When
Everything Trades As One: Goldman Declares War On ETFs, Says "May Generate
Negative Alpha" ‘…Who da thunk
it. What is more curious, are Goldman's observations on historical cross
industry correlations because they show that in the grand scheme of things,
virtually everything trades as one!’
, Spain
Bond Drubbing Continues As Stocks Surge
, Ex-Goldmanite
Rajat Gupta Convicted Of Insider Trading The
untouchables are rapidly becoming touchables, as former Goldman director and
McKinsey head is found guilty of insider trading.
RAJAT
GUPTA CONVICTED OF INSIDER TRADING BY U.S. GUPTA
FOUND GUILTY OF FOUR COUNTS AND ACQUITTED ON TWO CHARGES RAJAT
GUPTA MAY REMAIN FREE ON BAIL UNTIL SENTENCING OCT. 18 GUPTA
FOUND NOT GUILTY ON ONE COUNT, JURY STILL READING VERDICT
6-14-12 Dave’s Daily: http://www.etfdigest.com CENTRAL BANKS THREATEN INTERVENTION 6-14-12
‘We began Thursday with terrible Jobless Claims data (386K vs 375K exp &
prior revised higher again to 380K). Further another 135K unemployed fell off
the benefits rolls in one week. But, the previous theme the past few years now
remains, “bad news is good” because the Fed and other central banks will launch
more QE. In fact QE is going on now as the Fed today purchased (front ran) 30
year Treasury bonds ahead of the Treasury’s 30 year auction. { image – http://albertpeia.com/61412qe.jpg } This little bit of manipulation has been
ubiquitous but has now expanded to a level not seen previously. In afternoon
trading word started filtering (obviously early to insiders) that central banks
were once again “all-in” in preparation to intervene in markets post Greek
election chaos. All this began as rumors (hence, those in the know were able to
push markets higher in a heartbeat) but then came news. First, a Reuters storyWSJ
story stating the Bank of England fan. Not to be left out the MOF Nakao Tells DJ-WSJ: Yen Rise Has Been
"One-Sided," and not reflecting fundamentals indicating more not less
intervention. Canada , The EU’s Real
Agenda: “Lie Until You Are About to Die”
June 14, 2012 By gpc1981 ‘The big news that
the markets are attempting to digest this week is the €100 billion Spanish
bailout. This action and the upcoming Fed FOMC meeting on June 19-20 will
dictate the market’s action over the next two weeks and possibly for the
remainder of the year.The first of these topics, the Spanish bailout, is an
extremely complicated affair. The key takeaway issues that need to be
considered are:
How the bailout was performed: who was involved and who
wasn’t. The details of the bailout structure itself. The financial implications of the bailout. The political implications of the bailout.
Let’s dive in. Spain has been denying the need for a bailout for months now.
Indeed, a mere two weeks ago, Prime Minister Mariano Rajoy stated that Spain France What’s peculiar about this statement
was that it was made when the Bankia nationalization was already underway. ..
Thus, I would change the common phrase applied to the
EU’s political/ financial policies from “extend and pretend” to “lie until you
are about to die.” This notion is illustrated
by the fact that on May 28th, a mere week before Spain requested a bailout,
Prime Minister Rajoy continued to maintain that Spain would not need a outside
funding, stating, “there will be no rescue of the Spanish banking sector.”
At this point, Bankia had already requested its
bailout and Spanish banks’ shares were in a free-fall. Moreover, Spain The timeline says it all:
May 9th: Bankia requests €4.5 billion
loan, Spanish Government states that the bank is “solvent.” May 21st: Spain May 23rd: Bankia’s bailout needs grows to €11
billion/ Rajoy retorts to France May 24th: Bankia’s bailout needs grow to €15 billion May 25th: Bankia’s bailout needs are now €19 billion
(2011 profits revised to €4 billion loss)… the Spanish Bailout Fund has just €5
billion in cash. May 28th: Rajoy comments, “there will be no rescue of
the Spanish banking sector.” Weekend of June 8-10th: Rajoy texts to his finance
minister: “Aguanta, we are the fourth European power. Spain is not Uganda Spain , they need
to start getting ready €500 billion and another €750 billion for Italy Spain Sunday June 10th: Rajoy states that the bailout is a
“victory” before commenting, “This year is going to be a bad one: Growth is
going to be negative by 1.7 percent, and also unemployment is going to
increase.”
Thus, in just one month’s time, Spain
Moody's
Downgrades Five Dutch Banks By 1-2 Notches
ZeroHedge.com Tyler Durden 6-14-12
, From
An Orderly EUR Decline To A Capital Flight Crisis In 4 Easy Steps , Biderman:
"The World Cannot Go Back To The Way It Was" In browsing the last
seven months of video commentary that Charles Biderman, of TrimTabs, has
produced, he is clear on one thing, "nothing has changed" . With an 'admittedly rigged' stock
market now at the behest of global central banks and the slow-motion
train-wreck in Europe seemingly approaching the end of its can-kicking-road, Biderman
is frustrated by the inane financial media's perpetual belief that we are 'a
grand plan' away from a return to the way the world was before the crisis began
- "We are not!" Wages and salaries in the US US
economy will double-dip when the Fed's attempt at rigging the stock market and
economy is no longer perceived as viable and as the paisley-wearing
pontificater expects both inflation (inevitable with CB printing) and deflation
(big banks, European and EM equities thanks to the interventionist policies of
the global central banks), he suggests gold as a core holding. , Coordinated
Rumor Ramps Risk , S&P:
"Spanish Home Prices To Drop Another 25%" , Egan Jones Cuts
France To BBB+, Outlook Negative The
next Egan Who target is France Guest
Post: Time To Get Out Of The Middle East
6-13-12
How
Can a Non-Existent Entity Bailout Spain… Or Anyone Else For That Matter? June 13, 2012 By gpc1981 ‘Spain Spain On top of this, Spain and Italy
make up 30% of the ESM’s supposed “funding. Spain ) or soon will be (Italy Germany Spain Spain Spain ’s
€3 trillion banking system.Folks, if you think we’re out of the storm yet in Europe , you’re in for a very VERY rude surprise. It’s
quite likely the EU won’t even exist in its current form before the summer
ends.The simple reason… THERE AREN’T ANY FUNDS LEFT TO PROP UP the €46 TRILLION
toxic sewer that is the EU banking system. End of story…’ , Moody's slashes Spain debt ratings three notches , Dave’s Daily: http://www.etfdigest.com THE FED BUYS TREASURY AUCTION 6-13-12 ‘Just
how does this little game of Finance 2012 work anyway? To quote our friends at Zero Hedge : “A month after the U.S.
Treasury sold $24 billion in 10 Year bonds at what was then a record low yield
of 1.86%, the U.S. government once again approaches that mysterious primary
dealer-repo nexus with the latest offer U.S. banks can't refuse: a $21 billion
reopening. What is notable about today's auction is that in about 40 minutes,
the auction will price at a record low yield of just about 1.63%, or 23 bps
lower to the last record yield. Where things get patently surreal, however, is
when one takes a look at today's POMO operation conducted by the Fed (remember
those). Because as can be seen on the table below from the NY Fed, at 11 AM
today, so precisely 2 hours before when the Treasury will complete its own
sale, bought $4.8 billion of... wait for it... 10 Year bonds (And,
you thought QE and POMO were over probably.) Two hours later the
Treasury auctioned $21 billion in 10 year bonds at a yield of 1.622%. You can
put 2 and 2 together, but this is the type of stuff which for the most part is
done behind the curtain and away from the MSM and financial media more absorbed
with Jaime Dimon. Call it what you will—three card Monte, Ponzi or just plain
manipulation. Meanwhile the volatility in markets continues at a high level.
What’s the deal? Clearly we await Jobless Claims (Thursday), Empire State , Hannan:
"The Euro Is The Problem, Not The Solution" ZeroHedge.com Tyler
Durden , These
Three Spanish Banks Will Be Downgraded Tomorrow As is well-known in the ratings world,
sovereign downgrades never come alone: first the sovereign is cut, then
sovereign-supported domestic banks (the sovereign is the threshold rating),
then general financial companies like insurance firms and specialty fins. Such
downgrades are particularly painful when they go through a major threshold such
from A to B as they spring various collateral and margin calls into action. One
thing we do know is that the last thing
old , David
Rosenberg Channels Felix Zulauf
, Biderman
& Santschi On "Why Germany Should Leave The Euro" , Spain
Loses Final A Rating With Moodys Downgrade To Baa3, May Downgrade Further -
Full Text , Egan
Who Just Gave Spain The Triple Hooks
And so, the little rating agency that could, just gave Spain the triple
hooks, downgrading the country from B to CCC+, negative outlook. As a reminder, the Uganda
credit rating is B: it sure is no Spain , Greek
Bank Run Update: Up To $1 Billion A Day Now
, SocGen's
Albert Edwards On Spain: "A Bailout Will Solve Nothing" SocGen's Albert Edwards reflects that we have
a lot to learn from Japan's Lost Decade as a prequel to the current chaos the
global macro-economy is undergoing. Drawing on work by Peter Tasker , Edwards
notes the similar-to-current-Euro-thinking consensus view in Japan the true problem was deflation and the lack of
stimulative policies. The Spanish banking
sector is a victim of deflationary policies enacted at the behest of German
economic orthodoxy. A bailout will solve nothing. , Treasury
To Sell 10 Year Bonds At Record Low Yield Two Hours After Fed Buys... 10 Year
Bonds , Europe Bailout #5
Is In The Books , Farage:
"The Euro Titanic Has Now Hit The Iceberg" , The
Cost Of The Best Senate Banking Committee JP Morgan Can Buy: $877,798 In Bribes In about an hour's time, Jamie Dimon will sit
down before the Senate Banking Committee and prove, once again, not only who is
smarter and calls the shots in the great Wall Street-D.C. soap opera, but that
when it comes to purchasing a room full of senators (not to mention the script
for today's "hearing"), JP Morgan is always at the top. Because as
the following table compiled using OpenSecrets data, it cost JP
Morgan just under $1 million, or $877,798.00 to be precise in lifetime campaign
contributions, to buy itself precisely one Senate Banking Committee. And where it gets really fun is that between the
Chairman, Tim Johnson (D - SD), and the ranking member Richard Shelby (R - AL),
JP Morgan has been the top and second biggest campaign contributor,
, Retail
Sales Miss Ex-Autos, PPI Misses; Gold Soars On More QE Expectations Two
more data points, two more disappointments: retail sales declined in May by
0.2%, in line with expectations, and unchanged from the April revision from
0.1% to -0.2%. Worse however were retail sales ex autos which had the biggest
drop in 2 years, sliding by 0.4%, on expectations of an unchanged print. And so
the retrenchment of the US Forget
Three Months: Italy May Have Two Weeks Tops, As "It Already Is Where Spain
Is Heading" , China seen as top economic power and Obama slips overseas , Unholy mess:
Vatican amidst mafia money-laundering scandal [ The unholy see? Or are they
conveniently blind? ] The Vatican Bank is under media fire as reports emerge
that Italian prosecutors suspect it of laundering Sicilian mafia bosses’
riches. , Ex-coach in Sandusky case tells of shower
scene San Francisco Chronicle ‘A
former Penn State assistant coach who was a central figure in Joe Paterno's
downfall testified Tuesday that he heard a "skin-on-skin smacking
sound" in a campus locker room one night in 2001 and saw something that
was "more than my brain could handle." Jerry Sandusky was standing
naked in the showers behind a boy, slowly moving his hips, Mike McQueary told
the jury. McQueary, one of the star witnesses in the child sexual abuse case
against Sandusky, said he had no doubt he was witnessing anal sex…’ , Accuser: Sandusky threatened me after assault , Pimco’s
Bill Gross via Twitter: Gross: Fed buys 10-yr notes at 11am; Treasury sells
10-yr notes at 2pm. One Hand Feeds the Other. Remarkable! , Retail
Sales in U.S. Declined for Second Month in May
6-12-12
Dave’s Daily: http://www.etfdigest.com BULLS ARE EXPECTING MORE FED QE 6-12-12
‘“I’ve been in favor of pretty much any accommodative policy I’ve heard about,”
said Charles Evans, President of the Chicago http://albertpeia.com/dave.htm ) , Biderman
On Central Banks: "In The End, They Will Get What They Deserve" ZeroHedge.com
Submitted by Tyler Durden on 06/12/2012 ‘ "We
live in interesting times" is the understated introduction to one of
Charles Biderman (of TrimTabs) more concerning and stunned rants. With the
value of all stocks still around double the 2009 lows yet today's incomes are
barely growing, and realistically - with all the headwinds we face - there is
no hope for rapid growth in wages & salaries anytime soon, the avuncular
analyst feels the need to warn all that "stock prices are due to
plunge". Following a little stock market history, Charles notes that while wages and salaries in the
US have quadrupled over the
past 30 years, the value of all US . In 1982, stocks relative to wages & salaries were 0.6-to-1 and now
the ratio is north of 2.6-to-1. This is explained by an interesting discussion
of the excess wage growth over spending argument (once basic human needs are
met - and a bigger house) which prompts a brief interlude on wages &
salaries as 'the' trim-tab (marginal mover) for stocks. Implicitly then, "How can stock markets be this high if the real economy is barely
growing?" - the obvious answer is Central banks are tying to
solve all the world's problems via the printing press and as the Bay-Area bad-boy notes, the central banks may be the largest
market participant but they are not the only one and in the end "they will get what they deserve" as stocks drop to 2009 lows .’ , Markets
Dead Dog Bounce Back To Friday's Close
, Just in! Beat
the devil(s)! No, not that Humphrey Bogart film from years ago of that same
title; but rather, beat the devils as in jersey devils, as in LA Kings just
beat the devils of that sordid, corrupt, mob-overrun, disgusting state of new
jersey. I hope I don’t sound like a ‘fair-weather fan’, but I’m now an LA Kings
fan for life! Congratulations to the Champion LA Kings! { I
really hate new jersey http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } , From
Capital To Salary Control: France To Cap State-Owned Company Executive Pay , The
Great Hyperinflationary Scavenger Hunt
(Illustrated:)… 'Helicopter Ben' failure, we are again reminded that
there is a Plan Z. Recall that none other than the Chairman
said in 2002 : "Keynes ... once semi-seriously proposed, as an
anti-deflationary measure, that the government fill bottles with
currency and bury them in mine shafts to be dug up by the public. " Below, courtesy of William
Banzai is an artist's impression of what said scavenger hunt would look like.
Will there be an 'app' for that? Maybe AAPL's new 3D Maps will enable the
national treasure hunt? Long Shovels.
, Global
Bailout Curiosity Soars If Greece , Ireland ,
Portugal and Spain Insights for Search , and
looked up the term " bailout. " We were not at all surprised
to find the English-speaking world's curiosity in this particular synonym for a
'free lunch' (with other people's money) has exploded in the last few
weeks. ,
Rosenberg
Defines European Insanity The
situation in Europe goes from bad to worse. Gluskin Sheff's David Rosenberg is
back to his bearish roots as he remind us that 'throwing more debt after bad debts ends up meaning more debt Italy and their lending
to Spain is at 3% but Italy .
They have to lend to Spain The
solution that they seem to have come up with seems to be worse than the problem
in the first place. , The
US "Budget Surplus" Miracle Is Over: $125 Billion Deficit In May One month ago we
were pleasantly surprised to note that following 42 straight months of
budget deficits, among them record ones, such as the ($231.7) billion recorded
in February, the US finally managed to record its first budget surplus since
September 2008. The number was a modest but positive $58 billion, although there
was once again more than meets the eye. On May
7 we said that "without various temporal adjustments, the April
surplus of $58 billion would have been completely netted out by the cumulative
$57 billion in deficit time shifts." More importantly, we said, "In
other words, enjoy the surplus while you can: for another 30 or so days."
Sure enough, 30 days later the US . And
so the "surplus" miracle is over. ,
Greek
Bank Run Update: €100-€500 Million Per Day
, The
Latest Adventures Of Alice In Euroland ,
China
Tells U.S. What It Can Do With Its Iran Oil Import Sanctions , Guest Post:
Banks Are An Endangered Species Submitted by Tyler Durden
What are capital controls? Simply, capital controls
are policies which restrict the free flow of capital into, out of,
through, and within a nation’s borders. They can take a variety of forms,
including:
Setting
a fixed amount for bank withdrawals, or suspending them altogether Forcing
citizens or banks to hold government debt Curtailing
or suspending international bank transfers Curtailing
or suspending foreign exchange transactions Criminalizing
the purchase and ownership of precious metals Fixing
an official exchange rate and criminalizing market-based transactions
Establishing capital controls is one of the worst
forms of theft that a government can impose. It traps people’s hard earned
savings and their future income within a nation’s borders. This trapped
pool of capital allows the government to transfer wealth from the people
to their own coffers through excessive taxation or rampant inflation… both
of which soon follow.
Submitted by Tyler Durden
One day ahead of Jamie Dimon's blockbuster appearance
before the Senate Banking Committee, Bloomberg has released the definitive
timeline infographic of who knew what, when, together with damning evidence
that, contrary to what has been represented by JPM execs, the firm knew about
the massive risk, which an in house risk manager described as "trying to land a Boeing 747 without flying lessons world's
largest prop trading desk ". Well, now the monster is out, and nobody
wants to come within one bid/ask spread of it. And tomorrow, Jamie will have a
fun time explaining just how he let all of this happen for years while
potentially engaging in material 10(b)-5 fraud in his public filings and
statements.
6-11-12 The
Economic Collapse Is Not A Single Event
http://albertpeia.com/economiccollapsenotsingleevent.htm , The
Spanish Bailout Explained With One Image
Zerohedge.com Tyler
Durden on 06/11/2012 http://albertpeia.com/suicidegun.jpg , Rajoy:
Pain in Spain to deepen despite bank rescue AP , Farage
On The Spanish Bailout: "A Reinforcement Of Failure" http://albertpeia.com/reinforcementoffailure.htm , Dave’s Daily: http://www.etfdigest.com MARKETS RETHINK SPAIN AND ITALY 6-11-12 ‘Intesa & others)
were halted in trading as contagion worries persisted. Italy Greece news
came from the Fed which indicated U.S. ETF Digest members receive
added signals when markets become extended such as DeMark
triggers to exit overbought/oversold conditions. , Guest
Post: It Only Took A Global Depression To Reduce Gas Prices By 40 Cents , Rajoy To
de Guindos: "Spain Is Not Uganda"
, Graham
Summers’ Weekly Market Forecast (Do We Still Have Faith? Edition) http://albertpeia.com/reinforcementoffailure.htm 1)
Where is the money coming from? (most EU Governments are broke) 2)
What precedent is this setting? (Ireland
3) How desperate are things that they’re making such a large
move so quickly? , The
Spanish Bank Bailout: A Complete Walk Thru From Deutsche Bank , Bill
Buckler: "It's GIGO Time On Wall Street" Here is the conclusion of a US study of
computer-generated trading recently concluded: “Financial markets are alive, but a model, however beautiful, is an
artifice. ...To confuse the model with the world is to embrace future disaster
driven by the belief that humans obey mathematical rules.” , Things
That Make You Go Hmmm - Such As Pavlovian Markets , Steve
Keen: Why 2012 Is Shaping Up To Be A Particularly Ugly Year , Monti
Goes M.A.D.; Sees "Permanent Risk Of Contagion In Euro-Zone" , Jim Rogers Would’ve Told Spain To Take A Hike , Gold
Pops, Stocks Drop, And Oil Plops
, Charting
The Simple Reason Why Every 'Bailout' In Europe Will Be Faded The bailout bullishness half-life is
shrinking - dramatically - as it appears traders have become more aware of
reality (and unreality)…’ , European
Collapse Hedge Return: +25% In One Day; 48,586,180,011% Annualized , Eurosis
For Dummies - A Timely Reminder
, Spain
and The Runaway Euro Bailout Train EconMatters 06/11/2012 - 08:58 Spain marks
the fourth bailout during this Euro Zone debt crisis saga, after Ireland,
Portugal and Greece, and may need more aid, while Italy is looking good to
be the fifth bailout candidate...
, Cue
Hyperinflation In 5... 4... 3...
, Europe
Scrambling To Avoid Subordination Threat
, Is Cyprus Next
On The Bailout Train? , Europe
Brings Out The "Capital Controls" Bazooka
Submitted by Tyler Durden
Here we go:
EU
SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF
GREECE IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS
ALSO PART OF WORST-CASE SCENARIO PLANNING - EU
SOURCES - RTRS SUSPENSION
OF SCHENGEN ALSO DISCUSSED
In other words, that money you thought you had... You
don't really have it. We can only hope
this message was not meant to restore confidence and prevent future bank runs. Europe wanted a continental bank
run, it may have just gotten one. This is getting scary very fast.
6-8-12 Dave’s Daily: http://www.etfdigest.com MARKETS RALLY ON LIGHT VOLUME 6-8-12 ‘Markets
started the day off weakly then rallied late because…wait for it, Spain is
rumored to be willing to ask for help, and Obama said European leaders face an
“urgent need to act”. No, you can’t make this kind of stuff up. His statement
is about as effective as a Kofi Annan Syrian peace plan. Search as I may, there
seems to be little hard news to explain Friday’s rally…’ , The
U.S. Economy By The Numbers: 70 Facts That Barack Obama Does Not Want You To
See http://albertpeia.com/70badfactsaboutuseconomy.htm , Hollywood
trip marks Obama's fundraiser President Obama
Vacations Most http://www.mostwatchedtoday.com/president-obama-vacations It seems like every week
president Barack Obama is on another vacation or playing games. When does he plan to start fixing things here in
the United States { Between fundraisers and vacations, did he
expect the nation to miraculously mend itself? Did he forget all his campaign
promises? (Short answer: yes – longer answer: that was just part of his con /
grift). The audacity in light of the foregoing for him in this election year to
blame everyone else for his b***s***/unequivocally failed tenure as president.
Note the last minute election-year desperation of wobama finger-pointing, etc..
Then there’s moochell obama… ‘ Expensive massages, top shelf vodka and
five-star hotels: First Lady accused of spending $10m in public money on her
vacations’ By Daily
Mail Reporter Read more: http://www.dailymail.co.uk/news/article-2029615/Michelle-Obama-accused-spending-10m-public-money-vacations.html#ixzz1xGRC32Vk ( What grifters/cons the wobamas are! They
should be ridden out on a rail! ) } http://albertpeia.com/heavilyvacationedatgreatcosttonation.htm , Biderman:
"We Are In The First Quarter Of The Next Recession" , Friday
Dump Complete: Moody's Warns Of Spanish Downgrade, Threatens AAA-Countries In
Case Of Grexit , And
Promptly Coming Right After The Market Close... ... is the news (which is not Spain Resisting Conditions On Bank Bailout - EU
Official. But why would
this news, coming at nearly 11pm Spanish tim, have to come before the market
close, when all of the day's gains would have been undone. Why indeed. , In a
strange coincidence, President Obama, as reported by Bloomberg, just followed
Mario Monti's new normal and 'came clean' about the real state of the economy,
following his earlier snafu: *OBAMA
SAYS `ABSOLUTELY CLEAR' ECONOMY NOT FINE , AP SAYS *AP SAYS OBAMA SEEKS TO CLARIFY PRIVATE
SECTOR REMARKS ,
Monti
Goes M.A.D.; Sees "Permanent Risk Of Contagion In Euro-Zone" , Guest
Post: Presenting the CBO's 'Long-Term Outlook' Infographic When you hear two politicians in the US going
toe to toe arguing about public finances (i.e. money that isn’t theirs),
they’ll often cite numbers published by the Congressional Budget Office
(CBO). In political circles, the CBO is considered an honest broker -
an objective referee that simply presents the facts without taking
a position on the numbers. Today they’ve released an infographic showing
America’s debt to GDP ratio over the last 100-years, through World War I,
the Great Depression, World War II, the Nixon Gold shock, and the Global
Financial Crisis. For what it’s
worth, both of the CBO’s scenarios for future debt growth seem
absurd even larger assumption– that the status quo is maintained history is really the best indicator for what
will happen in the future history shows that
the long-term likelihood is financial repression, severe inflation, and/or
default. , Brodsky
On "Gold Monetization And The Big Reset" , JPM
Tries To Explain Why The Bailout Train In Spain Will Lead To Much More Pain , A
Game Of Euro Chicken From The German Perspective: "Playing Until the
Germans Lose Their Nerve" "The next stage in the crisis will be blatant
blackmail refusal to accept money from the bailout
fund to recapitalize their banks, the Spanish are not far from causing the
entire system to explode. They
clearly figure that the Germans will lose their nerve and agree to rehabilitate
their banks for them without demanding any guarantee in return that things will
take a lasting turn for the better. " , Market
Is More Fragile Now Than Pre-Lehman
The significant rise in global systemic risk that occurred in 2008
remained until mid 2010 when it began to subside a little as Jackson Hole and
QE2 seemed to allay fears somewhat. However, in the last year or so, BofA's market fragility index has soared higher
alarmingly signaling higher systemic risks than in the peak pre-Lehman era
CNet News | The United Nations is considering a new Internet
tax targeting the largest Web content providers. Drudgereport: REPORT: UN
to take up 'global Internet tax' proposal … [ It is unfathomable that anyone
takes such a failed organization as the u.n. seriously; they’re a costly,
extravagant, waste of money! Any costs so leveyed should be deducted from dues
foolishly and wastefully paid to the u.n.. Time to abolish the u.n.! ] ... { The
UN Wants Complete Control Over The Internet And That Would Mean Unprecedented
Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm }
A.M. Freyed | There’s plenty of oil, and even
the global elites can’t hide it anymore.
The
United States Has Plenty Of Oil: 10 Facts About America's Energy Resources That
Will Blow Your Mind http://endoftheamericandream.com
http://albertpeia.com/10factsaboutamericanenergyresources.htm
[ Well , first off, since we’re only talking
decades at best, I agree the alarmist propaganda is all for naught. Yet, make
no mistake, those who equate shale oil, deep water oil, etc., with that close
to the surface, easily recovered, ie., sweet crude,
are as misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the
rage’. Firstly, in hollywood (oh yeah, we’ve seen
them digitally land on asteroids, planets as in Avatar, etc., with ease and
without a hitch), they don’t keep books the way other businesses do, at least
on the creative end, viz., ie ., Cameron. And, what do
you expect a former pilot to say, etc.? As an example of ‘fuel price makes a
difference’, anyone who thinks american airlines among
others went bankrupt because they’re so horribly managed or because they felt
like strategically avoiding their debt would be mistaken. For airlines it’s all
about fuel costs and load factors, capital intensive that they are, and pennies
literally do make a difference. Costs of extraction make a difference. Oh sure,
there’s loads of oil. It’s all about the costs of getting it. Peak oil really
has been reached in terms of ‘easy pickins ’. Some
even argue/document persuasively that current reserves of the ‘easy pickins ’ are over-stated.
]
6-7-12
Dave’s Daily: http://www.etfdigest.com BERNANKE TEASES MARKETS BACK TO REALITY
6-7-12 ‘The prime attraction Thursday was supposed to be Bernanke’s congressional
testimony, but he had little new to say. The prime player was China Spain U.S. “Today, Margaret Thatcher’s autobiography,
first published in 1993, reads like a prophecy. It shows how deeply and with
what extraordinary wisdom she had examined Delors’ proposals for the single
currency. Her overriding objection was not ill-considered or xenophobic, as
subsequent critics have repeatedly claimed. Germany, forecast Thatcher, ‘would
be phobic about inflation, while the euro would prove fatal to the poorer
countries because it would devastate their inefficient economies.’ It is as if,
all those years ago, the British prime minister possessed a crystal ball that
enable her to foresee the catastrophic events of the past year or so in
Ireland, Greece and Portugal. Indeed, it is one of the tragedies of European
history that the world chose not to believe her.”
China's
Auto Dealers' "Backs Are Broken" As 'Channel-Stuffing' Gets
"Dangerous" Zerohedge.com Tyler Durden While LeBeau et. al. have
sung the praises of a renaissance in Auto companies and their manufacturing
recovery supporting what woeful growth we have seen, we
have mournfully noted the ever-increasing builds of inventory (or 'channel
stuffing' ) at
auto-dealerships and most recently pointed to China's 'debilitating price cuts
to come' three
weeks ago here . Bloomberg
this evening is reporting that the situation is getting worse, much worse,
as Chinese dealership inventory levels have exploded from under 45 days to
over 60 days supply as "dealers can't shoulder the burden anymore... Their
backs are broken" . This should come as no surprise to ZeroHedge readers but this is
forcing dealers to deepen discounts and sell cars at a loss to meet mandatory
sales targets. As GM just this week crowed of its 21% rise YoY in 'sales' in
China, local analyst channel checks show two-month levels of inventory for
foreign brands and even worse 60-80 days worth of inventory for domestic brands
adding that this much inventory "is pretty dangerous for the
industry". China "The picture we have is
very different from what the automakers are painting. The sales increases
they’re reporting are achieved by loading dealers with stock." , Europe's
Banking Union 'Non-Solution' , Guest Post: God Don't Save The Queen { You know, I recently have become somewhat
bored of the topic ‘jolly old england’ despite their glaring failure across the
board, and a noisome intrusiveness as here, for me, ie., orange street, conn.
( http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , etc., and all the
negatives entailed therewith; yet, there’s something so nauseating about that
cloyingly bothersome nothingness that bespeaks old england, that ‘go along, get
along and pretend’, that I include the following from Zerohedge.com that’s
accurate, fair comment. } "Crowds Cheer Queen On Last Day
of Jubilee" So
ran the headline from Time Monarchies are supposed to be
antithetical to freedom. Under feudalistic monarchism, the notion of personal
liberty took a backseat to loyalty to the king. Those who weren’t part of
or close to the nobility were referred to as subjects. These peasants
were to serve without question. Today, the only difference
between the systematic malfeasance and plunder that existed under the rule of
monarchs and that which defines the state is the ballot box. Voters in a sense get to choose
a small portion of their rulers. This gives them the mirage of freedom
when the nation-state they inhabit is no less than a contemporary field of
serfdom lorded over by kings. Too much of the public still
behaves with the mindset of servants. They are pathetically docile to
those who hold the keys of their shackles. What the celebration of
Queen Elizabeth’s sixty year rule showed is that the people of Great Britain See
also, http://albertpeia.com/esotericagenda.flv , David Takes On The Porn-Addicted Goliath: Egan-Jones
Countersues The SEC A
month and a half after the SEC
took a much-deserved break from watching
taxpayer-funded pornography , and stumbled on the scene with its latest
pathetic attempt to scapegoat someone, anyone, for its years of gross
incompetence, corruption, and inability to prosecute any of the true
perpetrators for an event that wiped out tens of trillions in US wealth, by
suing Egan-Jones for "improperly" filing their NRSRO application in
what was a glaring attempt to shut them up, the only rating agency with any fight back. We have only three words for Sean Egan: ‘For the Win!’ , Systemic Risk For Dummies Following the success of the "Dummies
Guide To Europe's Problems " and the "Global
Economic Collapse For Dummies ", we present "Systemic Risk For
Dummies". With global systemic risk at March 2009 highs and nearing
November 2011 all-time peak levels, perhaps it is worth considering just what
it is that all this TBTF-saving money-printing has achieved? , Consumer
Credit Misses, As Fed Magically Creates $1.5 Trillion In Net Worth Out Of Thin
Air , Late-Day Crumble As Stocks Join Gold's Stumble Whether it was the deterioration in Consumer
Credit, downgrade rumors for US financials, Greek bank restructuring/run
chatter, or a final realization that near-term QE is off at these levels of
equity prices (as signaled by Bernanke and Gold this morning), the equity
short-squeeze stumbled hard in the last hour of the day to end unch . Utilities managed to outperform
handily as all the high beta sectors dumped into the close as Tech and
Financials closed red for the day . Treasury yields and the USD were signalling considerably
more equity weakness than we got though the dive caught stocks up but Gold
remained the biggest loser of the day (-2% on the week against the 0.7% loss in
the USD). Silver remains positive for the week - though matched gold's weakness
on the day as Copper and Oil whipsawed up and down on rumor and then lack of
follow-through. Equities pulled back closer to the underperforming
investment grade (and less so high yield) credit market at the close. Treasury yields ended marginally
lower (with the long-bond underperforming) and 7s and 10s -2bps)leaving 5Y flat
still up 9bps on the week (and outperforming). Risk markets in general slid as
Bernanke's speech was delivered and the Q&A proceeded but stocks went
almost totally dead with financials and the S&P 500 e-mini clinging to VWAP
as volumes died - until that last hour plunge. MS and
BofA took the brunt of the selling pressure (ending down 3-4%) - though they are still well of the
lows from a few days ago. VIX cracked back above 22% as we dropped in the end
but closed down 0.5vols at 21.7% but implied correlation rose back over the
somewhat critical 70 threshold and equities remain notably rich to
broad risk assets in general still.
, The
Criminal Banking Cartel's End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu 06/07/2012 The end game of this global monetary crisis is the
imposition of a 100% digital monetary system that would permanently end what
little economic freedoms we still retain today. Educate. Resist. Fight...
http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article
which I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
6-6-12
Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There
wasn’t much in the way of “hard news” to account for Wednesday’s large stock
market rally beyond oversold conditions. The ECB left interest rates unchanged.
Germany France
cut the retirement age to 60.The U.S. Productivity & Cost report was
negative (-.9% vs. -.8% expected & prior -.5%). Some bulls spun this as
showing employers would be willing to hire more. That seemed a stretch. Other
bulls spun it to mean more QE certainly.The Fed’s Beige Book report released
this afternoon reflects old data from the spring which as most know showed
growth as moderate. There was nothing new in the report.Fed governors were out
and about jawboning markets and having their say. Atlanta “And
there is a growing sense that we are unwittingly, or worse, deliberately,
monetizing the wayward ways of Congress. I believe that were we to go down the
path to further accommodation at his juncture, we would not simply be pushing
on a string (in other
words, futile) but would be viewed as an accomplice to the mischief (corruption, fraud, incompetence, malfeasance, etc .)
that
has become synonymous with Washington Everything down
reversed course and then rallied causing some serious short-squeezes. Bonds
(IEF) sold-off; commodities (DBC), (USO) & (JJC) rallied; the dollar (UUP)
fell; gold (GLD) rose etc. There is little sense pointing out which were the
leading sectors—they all were. Volume on this short-squeeze Wednesday was
moderate and breadth per the WSJ was quite positive and likely a 90/10
day…’ ,
Morgan
Stanley Sees QE3 Rally Lasting Hours Not Weeks Zerohedge.com Tyler Durden
, Form
Worst To First - S&P Has Best Day Of 2012 Shortly After Worst , On
Capital Markets, Confidence Tricks, And Criminals ‘…examples of common
street scams around the world . The comparisons he makes to recent events in the capital
markets are fairly obvious, whether they be failed IPOs or
the strategies used by weaker sovereign nations to negotiate with stronger ones . The point here is not to
call out anyone as inherent ‘Criminal.’ There are plenty of laws – and diligent regulators 'The proper study of
mankind is man.' Even when it is a con man …’ , Guest
Post: America's "Do As I Say, Not As I Do" Warfare The state purports to represent
the people when all it does is leech off their labor in order to commit crimes
at home and abroad . Under the auspices of keeping democracy safe around the world,
the foreign policy of the U.S. targeting
civilian responders to drone strikes who attempt to aid those who were
attacked. In some cases, the C.I.A. even launches drone attacks at the
mourners in funerals held for those in earlier strikes. These are the measures
under which the American people are told they are being kept safe. What
would be constituted as war by any other nation is not so when carried out by
the U.S. But it’s all just another facade through
which Washington .
, Here
Comes The Hilsenrath Leak: "Fed Considers More Action" , Moody's
Downgrades Six German Bank Groups, And Their Subsidiaries, By Up To Three
Notches , The
REAL Reason the EU is Implementing Border and Capital Controls http://albertpeia.com/eufinished.htm , Biderman Vs.
Spiderman (Towels) Despite the failure of the generous
offer of Spiderman towels from the recently
'stress-test'-proof-but-now-busted Bankia, today's market suggests there is
still hope. The public estimate of loan losses for Spanish banks stands around
EUR225 billion (EUR 125bn known and an additional EUR100bn estimated) which, as
Charles Biderman of TrimTabs notes "is so big as to be
practically unsolvable" as he details the total and utter lack of
trust of Spain and Spanish banks that is spreading not just across Europe but around the
world. The installation of six of the
largest global consulting firms (and the IMF) to begin audits of the Spanish
banks, as Reuters reports today, should tell everyone (especially those who bid
them up 7-10% today) just how terrible the situation is Spain to be in excess of EUR300 billion and this
is just Spain Europe ?
He does not believe Germany, or anyone else, will put up the EUR300 billion for
Spain (or a trillion for the rest of Europe) and sees at best a 50%
chance that the entire Euro banking system will go down leaving a much smaller
Euro-zone behind (and a 25% chance of a non-panic mode restructuring) .
, As
France Lowers Retirement Age, Germany Better Be Ready To Pay For Austerity's
Unwind , Guest
Post: Brainwashing Starts With This Two-Letter Word , Hot-Tip
From Convicted Ponzi Master: "Join My Ponzi: It Is Better Than The
Fed's" , Fed's Beige Book Is
Out Submitted by Tyler Durden
Everyone will be scouring for apocalyptic suggestions
(need.moar.NEW Kew
- EEE
FED SAYS `HIRING WAS STEADY OR SHOWED A MODEST
INCREASE' FED SAYS ECONOMY EXPANDED AT `MODERATE PACE '
LAST MONTH FED SAYS `AUTOMOBILE SALES GENERALLY REMAINED
STRONG ' FED: `CONTACTS WERE SLIGHTLY MORE GUARDED IN
THEIR OPTIMISM' FED SAYS `INFLATION REMAINED MODEST ACROSS
DISTRICTS ' FED SAYS MANUFACTURING EXPANDED, CONSUMER
SPENDING WAS STEADY FED ECONOMIC SURVEY COVERS PERIOD FROM LATE
APRIL UNTIL MAY 25 FED SAYS DEMAND WAS STRONGEST IN AUTO AND STEEL
MANUFACTURING
...And
won't find them. So: just what basis will the Fed have to do more QE again?
Paging Jon Hilsenrath: Jon? Jon? The
US Labor Market Is In A Full-Blown Depression ‘Now that stocks are back to
reflecting nothing more than expectations of how many times the Chairsatan
dilutes the existing monetary base in a carbon copy replica of not only 2011
but also 2010... and 2009 (because contrary to what purists may believe, the
only way to inflate away unsustainable debt in a growth-free economy is by destroying US
One Sick Labor Market
There were so many disturbing elements to the May
jobs data that we're not sure we can do justice to the litany of
disappointments (with some help from our friends at the Investor's Business
Daily):
The
share of long-term unemployment is at its highest level since the Great
Depression (42%). Fully
54% of college degree graduates under the age of 25 are either unemployed
or underemployed. 45
million Americans are on food stamps — one in seven residents. 47% of
Americans are on some form of government assistance. The
employment-to-population ratio for 25-54 year olds is now 75.7%, lower
than it was when the recession supposedly ended in June 2009. The
number of people not in the labour force has swelled eight million since
the recession ended; absent that effect, the unemployment rate would be
12% right now (about the same as President Obama's election chances would
be). The
number of people confident enough to leave their jobs fell 11% in May The
ranks of the unemployed who have been looking fruitlessly for work for at
least 27 weeks jumped 310k in May, the sharpest increase since May 2011. The
unemployment rate for males aged 16-19 is 27% and for males between 20 and
24 it is 13%. Draw your own conclusions from a social (in)stability
standpoint. One in
seven Americans are either unemployed or underemployed. Only
one in six of the youth are working full-time and three-in-five are living
with their folks or another relative (as per the NYT). A mere
16% of the 2009-2011 graduating class has found full-time work, while 22%
are working part-time. Even those hired from 2006-08, just 23% are working
full-time. According
to a poll cited in the NYT, just 14% of high-school grads today believe
they will have a more successful financial future than their parents Line
of the day, as depressing as it is, comes from an 18-year old: "Thank
God I had a buddy at Burger King who could help me out". Fast-food has emerged as the
fast-growing industry in a country once led by technology . Even
tech now is fuelled more by companies that produce nifty consumer gadgets
and feed our narcissistic needs than those who focus on improving the
nation's capital stock which is the ultimate trailblazer for productivity
growth and durable gains in our standard-of-living.’
Submitted by Tyler Durden
Spain says
markets are closing to it as G7 confers (Reuters ) Germany
Pushes EU Bank Oversight (WSJ ) Falling
Oil Prices Are No Mystery (Bloomberg ) Aussie
Rises After RBA Cuts Rate Less Than Swaps Suggest (Bloomberg ) Euro
falls on Spain Reuters ) Bad
News Piles Up for China Bloomberg ) Japan
Lawmakers Push to Curb Central Bank (WSJ ) Lawyer
Kluger Gets 12 Years, Bauer 9 for Insider Trades (Bloomberg ) All
eyes on Wisconsin governor's recall
election (Reuters ) The
Global Obesity Bomb (BusinessWeek )
6-4-12
21
Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial
System http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm , The EU’s Systemic
Risk: Why This Time IS Different http://albertpeia.com/eusystemicrisk.htm
, Dave’s Daily: http://www.etfdigest.com FORCING THE FED’S HAND 6-4-12 ‘Trading desks
and hedge funds may just keep driving equity prices lower until the Bernanke
led Fed responds with the QE3 they want. It seems another round may work
temporarily to resuscitate the patient but it also just may flop, a la Facebook
(FB). Or, can you go to the well three times and expect the same results?
Further buying longer dated Treasury bonds now at these levels may cause the
Fed to lose money on them down the road. But, “down the road” seems to be the
modus operandi for politicians and officialdom these days. There’s an election
to be won, elected jobs to hold, the power that comes with it, not to mention
the goodwill (money) that accrues to whichever power base wins. Yes, it’s easy
to be cynical about this.The Bernank may give us a hint of what’s to come with
his congressional testimony Thursday. The lights are burning bright late into
the night at 33 Liberty.Economic news continues to be awful. Chinese
non-manufacturing data sank to 55.2 from 56.1. The Tokyo
, 1.6
Trillion Dollars More Debt: Fiscal Conservatives Have Been Raped By The
Democrats, The Democratic Party, as well as The Republican Party http://albertpeia.com/onepointsixtrillionmoredebt.htm , 10
Things That We Can Learn About Shortages And Preparation From The Economic
Collapse In Greece http://albertpeia.com/10thingswecanlearnpreparefromgreekeconomiccollapse.htm , As
Soros Starts A Three Month Countdown To D(oom)-Day, Europe Plans A New Master
Plan ZeroHedge.com Tyler Durden
‘…master plans " which sadly are absolutely
meaningless since the signature of Europe's paymaster - the Bundesrepublik - is
as usual lacking…’ , AIG's
Benmosche, Speaking From His Seaside Villa, Says World Will Need To Retire At
80 ,
Guest
Post: An Example Of Why This Country Is Headed In The Wrong Direction ‘…Obama was at a Minneapolis-area Honeywell
plant touting his economic recovery credentials to cheering disciples. One
of the excited faithful was a young boy, fifth-grader Tyler Sullivan,
who took the day off from school to hear the President speak. The
President was full of the usual bombast about how Congress needs to work
with him to ‘build a strong economy’, and how he wants to get $3,000 to
everyone in the American middle class so that people can go out and buy
‘thingamajigs’. Naturally, the crowd cheered. It was the typical sort of
gross misunderstanding of economic prosperity that you see from
politicians… and most people at this point...’ , Record
Number Of US Households On Foodstamps
, Guest Post:
The Lie That Is Social Security The
problems facing the U.S. economy are daunting especially when it comes the
issues of Government spending and the current deficit. We recently wrote about
the dependency
on Government programs which is currently making up as much as 35% of
personal incomes. Social Security, Medicaid and Medicare make up the largest
portions of the current spending requirements of the Federal Budget. The
current administration has promised that cuts will not be made to government "entitlement" "baby boomers" , Morgan
Stanley Has Lowest Close Since December 2008, Down 40% From Jim Cramer's
"Dirt Cheap" Level , Gold
Wins As Financials And USD Deteriorate
, Egan Jones
Downgrades The UK From AA To AA-
, The
Hoarding Continues: China Purchases A Record 100 Tons Of Gold In April From
Hong Kong , IrrAUSional
Exuberance , Guest
Post: A Central Bank Running Suicide? SNB Prints At Pace Not Seen Since EUR/CHF
Parity In August 2011 , Brussels... We
Have A Problem The following chart
from Ray Dalio's Bridgewater funding gap " (or "math") will
never be uttered by any Eurocrat as that would mean the jig is up. It is also
quite self-explanatory. , Dead
Bank Deja Vu? How The Sovereigns Killed Their Banks & Why Nobody Realizes
They're Dead , Unnatural
Disasters: Jobs, Wages, And Savings
Econophile The employment
numbers that came out Friday were very bad and caught most economists and
analysts by surprise. Nothing the Fed has done has worked. Once again the ranks
of the unemployed grow, wages...
, How
Much Further Can Financial Stocks Fall?
It seems to us that the entire global financial system continues to walk
the tight-rope of public-confidence in fictional reserve banking. Where it is
European (or Chinese) bank runs or mega losses at US bank non-proprietary
businesses, it appears the credit market has been becoming more and more fearsome
of the endgame since last Summer's US downgrade when S&P made the
impossible possible. While not all of the US financials have active CDS, the
dependence between stocks and credit had remained high with current CDS
levels inferring a drop of over 60% in XLF as the top 30
globally most systemically important financial entities reach their March 2009
peak in riskiness once again . , Faber
On Europe's Dilemma And China's Hard Landing ‘…Faber then proceeds to state his view that Europe
is in a deepening recession and more importantly that China is growing at a far
lower pace than official statistics would infer . Reminding viewers that about 40%
of US corporate profits are from outside the US and the 'vicious
spiral chain reaction' from slowing demand in China for industrial commodities has lagged
effects on producing countries and then aggregate demand globally, Faber fears
broad-based risk sell-offs but remains notably less sanguine on
US Treasuries . , JPM's
Tom Lee From May 2, 2011: "I Am Raising My 2011 S&P Target To
1475" ‘…anyone who has listened to this person in the past has consistently
lost money …’ , MF
Global Trustee May Pursue Claims Against Jon Corzine, Could Sue JP Morgan , Goldman
Cuts Q2 GDP Forecast To 2.0% Following Miserable Factory Orders , Guest
Post: The We-Fixed-Nothing Chickens Are Coming Home to Roost , FakeBoom
(facebook) Down 40% From Highs To New All-Time Low , Factory
Orders Add Insult To Economic Injury
, Another
Rumor Of A Plan For A Conference Call To Bail Out Everyone , Obama's
Latest Bailout Plan Summarized In 4 Words: "3000 Bucks For
Thingamajigs" For those who
missed Obama's post-NFP sermon on Friday, here is a summary of the
Keynesian-in-Chief's latest plan to fix the country: $3000 for everyone to buy
" thingamajigs ." We wish this was a
joke. ,
Art
Cashin: Mighty CTRL-P Has Struck Out
, The
Export-Driven Warmonger: Germany Supplying World, And Israel, With Submarines , America's
Transition To A Part-Time Worker Society Accelerates As Part-Time Jobs Hit
Record , Charting
May (Day): The Markets Hit A Brick Wall
, Why
A Grexit Would Make Lehman Look Like Childs Play , Big
factory orders miss on top of last week’s grim jobs data sends some of those in
the record dollar long position heading toward the exit. , US
factory goods orders -0.6% in Apr, well below market expectations of +0.3% vs
big negative revision for Mar from -1.5% to -2.1%; inventories unch.
6-1-12 The
Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm ‘…The tough stretch that we are going
through right now is only a very small taste of the economic nightmare that is
on the horizon. If you think that things are a "disaster" right
now, just wait until you see what is coming.’ … The following is from a Zero Hedge summary of a recent
presentation by Raoul Pal....
We
don’t know exactly what is to come, but we can all join the very few dots
from where we are now, to the collapse of the first major bank… With
very limited room for government bailouts, we can very easily join the
next dots from the first bank closure to the collapse of the whole
European banking system, and then to the bankruptcy of the governments
themselves. There
are almost no brakes in the system to stop this, and almost no one
realises the seriousness of the situation. The problem is not Government debt per se. The
real problem is that the $70 trillion in G10 debt is the collateral for
$700 trillion in derivatives… Yes,
that equates to 1200 From
an EU crisis, we only have to join one dot for a UK And then do you think Japan and China And then do you think the US That
is the end of the fractional reserve banking system and of fiat money.
It continues:
Bonds
will be stuck at 1% in the US ,
Germany , UK and Japan The
whole bond market will be dead. Short
selling on bonds - banned Short
selling stocks – banned CDS – banned Short
futures – banned Put
options – banned
All
that is left is the Dollar and Gold
It only gets better. We use the term loosely:
We
have around 6 months left of trading in Western markets to protect
ourselves or make enough money to offset future losses. Spend
your time looking at the risks of custody, safekeeping, counterparty etc.
Assume that no one and nothing is safe. After
that…we put on our tin helmets and hide until the new system emerges
So how soon does Raoul Pal think all of this is going
to happen?....From a timing perspective, I
think 2012 and 2013 will usher in the end. right here . What Raoul Pal is saying
lines up very well with what Steve
Quayle's anonymous international banking source is telling him....There is no stopping this...We are still on track as
I have been predicting for a while now for a fall/winter collapse of the
Eurozone and naked exposure of all derivative markets the world over. Europeans
will go through a major reset, after time they will recover as Europeans do not
carry the type of personal debt that Americans do. It is for America
1- JPM will be bailed out again but it will not stop
the coming market crash. More details will emerge about their derivative swap
failure $150 billion and counting.
2-BOA (BAC Bank of America
3- Massive layoffs at Citigroup and Wells Fargo
4- Goldman Sachs finally pays the piper, look for
massive cuts there as well as BIG Losses
5- Bond market bust which leads to freeze of all bond
sales
6- Derivative bust the next one will be BOA followed
by Citigroup
7- All CDS shorts and swaps will freeze.
8- Total Meltdown …’
"The
End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation
Ever? http://albertpeia.com/endgamecollapse.htm , Dave’s Daily: http://www.etfdigest.com GLOBAL
ECONOMIC DESCENT CONTINUES 6-1-12 ‘We could start by noting Chinese
Manufacturing Growth fell to 50.4 vs 53.3 previously. Of course, that’s not
impressive. The star of the show was the U.S. http://albertpeia.com/laborparticipationratechartfromdave.jpg In other news, Personal Income fell to .2%
from .3% expected and previously. ISM Manufacturing Survey also fell to 53.5 vs
54 expected and 54.8 previously. Construction Spending rose but was slightly
below expectations; .3% vs. .4% expected and .1% previously.In a nutshell this
was a pretty awful day for bulls. But wait, what about QE? It’s still out there
and could be instituted immediately after a telephone conference among voting
members of the FOMC. Why wait until June 20th ? Or, don’t they want
to demonstrate any panic? If they are panicked the PPT could always enter the
fray and start buying stock index futures, but I know that would never (cough)
happen. The WSJ intoned: “Some Fed officials might want to wait to see more
data before making what would surely be a controversial decision to do more to
spur growth.” Yeah, they’ll wait to they see the red on their offshore accounts
before they act.Anyway, stocks gave in to selling driving indexes sharply
lower. If we stay on the lows we could, barring intervention, gap open sharply
lower Monday putting us in full capitulation mode. We’ll hear from the usual
suspects like Buffett, Cramer and most talking heads CNBC trots out talking
their book.Bonds (IEF) from highly regarded (thinking….thinking….) developed
countries continued to rally driving yields down to record lows. Imagine buying
the Japan , Obama Ordered The
"Code Stux" ZeroHedge.com When Iran's nuclear facilities were publicly
crippled in 2011 by what then was considered a revolutionary computer virus
which destroys physical one circumventing the War Powers Act of course, the NYT informs us that the order to physically
impair Iranian sovereignty came from none other than the Nobel Peace prize
winning president: Barack Obama. , US
Debt Soars By $54 Billion Overnight, Closes May At Record
$15,770,685,085,364.10 , A Chinese Bank Run? , 2012
Just Woke Up In 2011 All Over Again
, Guest
Post: The Realities Of Choosing Your Survival Retreat Location , JPM Cuts Q3
GDP Forecast From 3% To 2% , Santelli
And Kaminsky On Broken Rules, Unpredictability, and Deleveraging , Payroll Postmortem , ISM
Miss Add To Economic Collapse Woes: 5 ISM Sub-Indices In Contraction Territory , Dow Jones Now Red
For 2012 , Gold
Explodes, Spam Unchanged , Teleportation
To Swiss Safety Pushes Record Negative 2 Year Yield , US
Tremor Now Hitting Europe Where Germany Is In Freefall , Gold's
Surge, Stocks Purge, And Treasury Yield Records Emerge , NFP
Huge Miss At 69,000 On Expectations Of 150,000; Unemployment Rate 8.2% , US
construction spending +0.3% in Apr, below expectations of +0.4%, vs upward
revised +0.3% Mar. , Sorry
Folks, QE 3 Ain’t Coming… Even the Fed Doves Admit It http://albertpeia.com/contraindicatedqe3aintcoming.htm , The
UN Wants Complete Control Over The Internet And That Would Mean Unprecedented
Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
5-31-12
Biderman:
"Everyone Is Now A Seller Of US Stocks" ZeroHedge.com Submitted by Tyler
Durden on 05/31/2012 http://albertpeia.com/everyonenowasellerofusstocks.htm ‘Focusing on his supply-demand
perspective of what drives stock prices and the heavy volume of corporate
selling combined with mutual fund outflows that we have been so vociferous
about, Charles Biderman of TrimTabs provides color on why, just like in 2010
and 2011, markets sold off in May. Whether you believe it is explicitly the
angst-inspiring European malaise, Facebook's flop, or US more
shares chasing less cash as he puts it and reflexively the news exaggerates it or
stalls it. Stock prices are likely to keep dropping , no matter what, until the Fed
announces the next stimulus/easing (as we all know) but unfortunately this will
have no impact on the real economy (though stocks will pop). Biderman berates
the Fed for its constant insistence that this time is different and as far as the election 'our policies will bring about sustainable recovery
and jobs' promises "What Bullshit! Where we are now as a
world is: it's ok for government to lie for their own benefit" .
, Albert
Edwards Has Some Words Of Discouragement: Welcome To S&P 500 Hell "Expect the S&P500
to decline decisively below its March 2009, 666 intraday low. All hope will be crushed ." http://albertpeia.com/sp500todeclinebelow666.htm , Guest
Post: Uncle Sam Admits Monitoring You For These 377 Words http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm , Busting The
"Core" European Myth , Market
Fails To Zucker In Gullible Traders With End Of Day Stop Hunt , Guest
Post: Facebook & the Bubble Mentality So Facebook keeps falling, and is
now floating around the $27 mark. We’re a third of the way down to my IPO valuation
of FB as worth roughly $2-4 a share (or 5-10 times earnings), although I
wouldn’t be surprised for the market to stabilise at a higher price (at least
until the next earnings figures come out and reveal — shock horror —
that Facebook is terrible at making money). The really stunning thing is
that even after all these falls, FB is still trading at 86 times earnings. What
the hell did Morgan Stanley think they were doing valuing an IPO without any
viable profit model at over 100 times earnings? The answer is that this was an
exit strategy. This IPO was about the people who got in early passing on a
stick of dynamite to a greater fool which incidentally is precisely the same
bubble mentality business model as bond investors who are currently buying
negative-real-yielding treasuries at 1.6% hoping to pass them onto a greater
fool at 0.5% (good luck with that).
, Goldman
Slashes Treasury Yield Forecasts If
it appears like it was only yesterday that Goldman was advising clients to
short the 10 Year Treasury, it is because it was... give or take a few months: From
January : "Since the end of last August, we have argued that 10-yr US
Treasury yields would not be able to sustain levels much below 2% in this
cycle. Yields have traded in a tight range around an average 2% since
September, including so far into 2012. We are now of the view
that a break to the upside, to 2.25-2.50%, is likely and recommend going
tactically short. Using Mar-12 futures contracts, which closed on Friday at 130-08, we
would aim for a target of 126-00 and stops on a close above 132-00." We
added the following: " As a reminder, don't do what
Goldman says, do what it does, especially when one looks the firm's Top 6 trades for 2012,
of which 5 are losing money, and 2 have been stopped out less than a month into
the year." Sure enough, as we tabulated last night, those who had listened
to this call, and also gone long stocks as Goldman urged on March 21, have
lost nearly 30% in about 2 months . Those who listened to us and did the
opposite, well, didn't. Which is why the just released note from the very same
Garzarelli who 4 months ago was so gung ho on shorting bonds, just cut his bond
yield forecast for the entire world, US Treasurys included: " We now
see 10-year US Treasuries ending this year at 2.00% (from 2.50% previously, and
30bp above current forwards), rising to 2.50% (previously 3.25%, and 60bp above
the forwards) by December 2013. The corresponding numbers for German Bunds are 1.75% and
2.25%." In other words, it is now that Doug Kass should have made his
short bonds call: not when he did it, a month ago and got his face bathsalted
right off. For those asking - yes: Goldman is now selling bonds to
clients. , Santelli
On Capital Flight And Bond Contagion
, Student
Debt Bubble Delinquencies Surge
, The
Inexplicable American Consumer Hits A Wall
, Spain
Just Gave Us a Glimpse Into the True State of the EU Banking System Phoenix Capital... 05/31/2012 This is the state of affairs in Europe: bankrupt
nations trying to bailout bankrupt banks or looking for bailouts from funds
that are backed by other bankrupt nations.What could go wrong? http://albertpeia.com/truestateofeubankingsystem.htm , Bonds
Now Beating Stocks Year-to-Date
, Spanish
CDS Over 600bps Sends S&P Under 1300
, Market
Shocked By Recessionary PMI Print, Gold Pummeled, Apple Slides, FaceBerging
Continues , US
initial jobless claims +13k to 383k for the week ended 26-May, above
expectations of 369k, vs upward revised 373k in the previous week. , Chicago
PMI Plunges To 52.7, Lowest Print Since September 2009 , First
Q1 GDP Revision In Line With Expectations; Initial Claims Spike , Bill
Gross: The Global Monetary System Is Reaching Its Breaking Point Dave’s Daily: http://www.etfdigest.com MARKETS PREPARE FOR 2010 & 2011 REPRISE
5-31-12 ‘We may have short memories unless we like viewing long term charts.
From the latter we can see the same pattern—a “sell in May & go away”
followed by vicious trading ranges. In 2010 the churning lasted until QE began
in late August. Then markets rallied until QE ended in June 2011. The violence
began once again until December when investors thought the eurozone was
“fixed”. Now it’s the end of May and markets, once again, are in poor
shape.Facts are different certainly. The eurozone is in a state of near
collapse (“unfixed”). Government 10 year bond yields from established countries
(U.S. ; 1.55%, Germany ; 1.22% and Japan th for another “stick
save”.There’s also an election in Greece th with
the outcome murky at best. More unsettling and painful to observe is U.S. Chicago http://albertpeia.com/dave.htm
5-30-12 Dave’s Daily: http://www.etfdigest.com VOLATILITY INCREASES WITH EUROZONE RISK
5-30-12 ‘Wash China Italy U.S. China U.S. Germany could bolt from the euro and EMU before Greece , How
The Super Rich Avoid Taxes Even As They Demand That The Rest Of Us Pay More http://albertpeia.com/taxesyoupaytheirway.htm
{As I’ve previously said, President Romney would be less than rational to tell
his tax advisors ‘to take a dive’ when it comes to his financial planning.
Importantly, it should be noted that up to now, President Romney has not been
part of the federal system (unlike obama, kerry, etc.) that sets federal tax
policy / laws.} , The
Second Act Of The JPM CIO Fiasco Has Arrived - Mismarking Hundreds Of Billions
In Credit Default Swaps ZeroHedge.com Tyler Durden
5/30/12 As anyone
who has ever traded CDS (or any other OTC, non-exchange traded product) knows,
when you have a short risk position, unless compliance tells you to and they
rarely do as they have no idea what CDS is most of the time, you always bid Bloomberg
reports , JPM's CIO unit "was
valuing some of its trades at prices that differed from those of its
investment bank, according to people familiar with the matter. the biggest in the
U.S., may have obscured by hundreds of millions of dollars the magnitude of the
loss before it was disclosed May 10, . I’ve never run into anything like that, New York Jamie Dimon's "tempest in a teapot" just became a
fully-formed, perfect storm which suddenly threatens his very position, and
could potentially lead to billions more in losses for his firm. , Greek
Pensioner Hangs Himself In Protest That "Greece Will Be Wiped Off The
Map" , Spain: Bankia
Down, Who Is Next? , Time
To Load Up On Denmark CDS - Moody's Cuts Nine Danish Financial Institutions:
Luxor Thesis In Play , Gold
Rips And Stocks Dip As Risk Assets Recouple To Reality , The Facebook
Backlash Begins , FaceBerg
Diverges From Founder Age , The
Good, Bad, And Ugly Of Emerging Markets , Lagarde
On Taxes And Diplomacy: It's All TurboTax To Me , JPM Max Pain At
6 Month Highs , HoLD
oN To YouR FACES FoLKs williambanzai7 This
is some scary sh**! , Bracing
for a Euro Crash and Creating A Housing Bubble: The Swiss Caught in a Vice testosteronepit Long-time euro-skeptic and President of the Swiss
National Bank unloads , Europe
Is About to Implode... Are You Ready? Phoenix Capital... We're talking about a banking system that is nearly four
times that of the US ($46 trillion vs. $12 trillion) with at least twice the
amount of leverage (26 to 1 for the EU vs. 13 to 1 for the US... ‘(Summers: )I've warned time and again that
the EU would collapse in May-June. That collapse is here right on schedule. And
NO ONE will be able to stop it.
Here's why:
1) According to the IMF, European banks as a whole
are leveraged at 26 to 1 (this data point is based on reported loans... the
real leverage levels are much, much higher.) These are a Lehman Brothers
leverage levels.
2) The European Banking system is over $46 trillion
in size (nearly 3X total EU GDP).
3) The European Central Bank's (ECB) balance sheet is
now nearly $4 trillion in size (larger than Germany
4) Over a quarter of the ECB's balance sheet is
PIIGS' debt which the ECB will dump any and all losses from onto national
Central Banks (read: Germany
So we're talking about a banking system that is nearly
four times that of the US ($46 trillion vs. $12 trillion) with at least twice
the amount of leverage (26 to 1 for the EU vs. 13 to 1 for the US), and a
Central Bank that has stuffed its balance sheet with loads of garbage debts,
giving it a leverage level of 36 to 1.And all of this is occurring in a region
of 17 different countries none of which have a great history of getting
along... at a time when old political tensions are rapidly heating up (see
Germany and France's recent butting of heads over fiscal policy).So if you’re
not already taking steps to prepare for the coming collapse, you need to do so
now. The US US
The Third World
Is Giving Up On Europe , Guest
Post: "Big Idea Solution": Radically Lower The Cost Basis Of The
Entire Economy We are constantly told all our problems are too
complex to be addressed with simple "big idea" solutions The real "solution" is to see that
complexity itself is the roadblock to radical reformation of failed systems Over the
next three days, I will present three "big idea" solutions that cut
through the self-serving thicket of complexity Big Idea One: Radically
lower the cost basis of the entire U.S. , European
Bloodbath Continues , Einhorn
Eviscerates Buffet: "If You Wrap Up All $100 Bills In Circulation, It
Would Form A Cube 74 Feet Per Side"
, Europe's
Got 99 Problems And A Deposit Guarantee Scheme Is One , I
Drink EUR Milkshake: European Currency Plunge Continues , And
The Hits Just Keep On Coming: Spain Sees €31 Billion Deposit Outflow In April , Is
The End Nigh: Rockefellers And Rothschilds Merge
5-29-12
When
The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm , 20
Signs That Society Is Beaking Down And That America Has Been Overrun By Psychos , http://albertpeia.com/20signsamericaoverrunbypsychos.htm , Are
The Europeans About To Start The Second Half Of Our Great Depression?
ZeroHedge.com Submitted
by Tyler Durden on 05/26/2012 , Guest
Post: War Pigs - The Fall Of A Global Empire General Douglas MacArthur
understood this danger to our liberty. “I
am concerned for the security of our great Nation; not so much because of any
threat from without, but because of the insidious forces working from within.” Guest
Post: U.S.A. 2012: Is This What We've Become? , If Greece Was
California... If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16 Reasons To Move Away
From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Dave’s Daily: http://etfdigest.com ‘A long weekend allows traders to forget much
of the previous week’s choppy trading and poor overall sentiment. Last Monday
we got our oversold rally and bulls worked hard through the week to keep things
propped near those levels. China Greece Spain Michigan th Greek election and June 20th
FOMC meeting results.Earnings news is about over with only a handful left to
report. The sting of the Facebook (FB) IPO remains in the minds of many bettors
investors.Despite the slump in Consumer Confidence and tepid housing data
Consumer Discretionary (XLY) and Homebuilders (ITB) remained market leaders.
Tech (XLK) and Financials (XLF) were also winners. Commodity markets (DBC) were
also mixed to weaker. Gold (GLD) fell once again and the dollar (UUP) was
mostly unchanged. Bond (IEF) prices were mostly flat.Volume was average for the
period and breadth was positive overall. (Generally we use the WSJ data but it
seems quite off tonight.)…’ http://albertpeia.com/dave.htm , Forget
the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm , Guest
Post: The National Attack Authorization Act? The notion of a “nuclear
weapons capability” seems like a dangerously low standard. Let us not forget
that Mossad, the CIA and the IAEA agree that Iran
, The
Incredible Irony Of Morgan Stanley's Facebook Post-Mortem , Europe’s
debtors must pawn their gold for Eurobond Redemption , The
big new thing in gold – capital adequacy ratios , Big
Shift in ECB Balance Sheet a Sign of Banking Stress? , Greek
Euro Exit Aftershocks Risk Reaching China
, Dallas
Fed Index fell to -5.1 in May, vs -3.4 in Apr. , US
consumer confidence plunged to 64.9 in May, well below below market
expectations of 70.0, vs negative revised 68.7 in Apr. , The
euro’s parachute drop has no end in sight 25-May (CNNMoney) — So much for
the euro currency holding up well versus the dollar. The euro has plunged 5% in
the past month. That’s like a 50% move for a stock. Sleepy currencies don’t
often move that sharply in such quick fashion. It wasn’t that long ago that the
euro was hanging in around [...] , Dallara
Says Greek Euro Exit May Exceeed 1 Trillion Euros , Waiting
For Godot: Existential Eurocrisis Edition
, Guest
Post: Housing Recovery - Hope And Reality Is there a bottom in housing? It
is entirely possible. However, for all the reasons stated herein, both financial,
economic and psycholgoical, the "calls" for a housing recovery may be
a bit premature. This is particularly true if our estimation of an economic
recession in the next 18 months comes to fruition. The strains on the housing
market caused by a recession will cause a secondary decline in housing. The
reality of a recession is not a question of "if" — it is only a
question of "when" and how bad will it be? , RIMM
Announces Pursuit Of Strategic Options, Retention Of JPM And RBC, Operating
Loss For Q1 , Debt
Divergence Dominates Dull Day Even As FaceBerg Sinks Deeper , Swiss Debt
Is Now Repaying Itself , On
Europe: "A Willing Lender Of Last Resort May Not Be Enough" , Germany
Has A Generous Proposal To The Broke PIIGS: "Cash For Gold" , FaceBerg , Prematurely
Evacuating The Tispanic? , Facebook
Down Most In Week, Under $30 On Heavy Volume A $29 handle and elevated
volume. Chart still shows distinct support level at zero. Time to flip
coins. ,
Egan
Jones Jars Market Out Of Rumor Hypnosis
, Egan
Jones Cuts Spain Again: From BB- To B, Outlook Negative , Bad News Recoupling , Has The
SNB Restarted The Printing Press?
, Is
Germany's CDS Pricing A 6% EUR Devaluation?
, Did
Another European Bank Just Lose LTRO Eligibility? , FacePlanted
To New "All Time" Lows
, Consumer
Confidence Plunges Just as expected, with the June FOMC coming in fast and
furious, the data better start coming in bad to quite bad. Sure enough, here is
consumer confidence (not from UMich, but from the Confidence Board, because we
need at least two indicators for every economic data point to maintain the Schrodingerian Baffle With Bullshit This is either good or bad for
stocks. , Guest
Post: President Choomwagon I don’t have a problem with Obama — or anyone
else — smoking dope. As far as I am concerned, consenting adults have the
liberty to do whatever they like so long as they don’t hurt others, or take
their liberty or property. I don’t have a problem with Obama — or anyone else —
defining themselves by smoking dope.I have a problem with hypocrisy. , “Absolutely
Every One” – 15 Out of 15 – Bluefin Tuna Tested In California Waters
Contaminated with Fukushima Radiation George Washington 05/29/2012 California Fish Contaminated with Fukushima
Radiation Breaking
Down "Muppetology," Face Ripping IPO's, and the Chinese Wall as
Facebook continues to Collapse! Reggie Middleton 05/29/2012 As FB options start trading, one of those tell
it like it is situations whereb- although I'm quite right - a flood of banker
hate mail comes along anyway. SoCiaL
MeDiA CoNFiDeNTiaL... williambanzai7 05/29/2012 It is not a good idea to look
at this while eating breakfast... , Europe
Is Fighting the Wrong Battles Again Europe
continues to fight the wrong battle, and continues to spread contagion risk. It is clear that Greece obvious to any credit
observer that
the problem was solvency, yet they continued to treat it as one of
liquidity. That is scary because if they fail to see the problem
correctly now, they will fail miserably. Not only is the problem clearly
solvency, but now forced currency conversion has been added
to the mix .
Any "solution" from the EU must now address that risk, and it is not
the same as solvency. Programs that can protect
against solvency may do nothing for the redenomination risk. We keep playing with scenarios and
find it hard to find out where a Greek exit doesn't result in a steep sharp
decline in the market. We could go through more ideas of ECB
intervention, but in the end most will have flaws. Dealing with currency
conversion risk is huge. Dealing with the contagion risk that has been
created by the EFSF is huge. Will Europe force Greece
, Greek
Retailers Stocking Up On Shutters In Case Of Riots, Alcohol Inventories Plunge , Guest
Post: The Financial Reform: A Mayan Prophecy? , EUR Shorts Hit
New Record , We're
Not In Wonderland Anymore, Alice... And The True Greek Debt/GDP Ratio Of 421.7% ….
If someone has actually stepped through the looking glass I suspect it is
Christine Lagarde. Perhaps she is Alice Greece ,
Gold
Bar Demand in China Surged 51% to 213.9 Tons In 2011 Frontrunning: May 28
Submitted by Tyler
Durden on 05/28/2012
Merkel
Prepares to Strike Back Against Hollande (Spiegel ) China to
subsidise vehicle buyers in rural areas (Reuters )
- what could possibly go wrong Bankia’s
Writedowns Cast Doubts on Spain’s Bank Estimates (Bloomberg )
- unpossible, they never lie Shares
in Spain AP )
- oh so that's SNB’s
Jordan Says Capital Controls Among Possible Moves (Bloomberg ) Greeks
Furious Over Harsh Words from IMF and Germany Spiegel ) Tehran
defiant on nuclear programme (FT ) Finally
they are getting it: Greece Breaking
Views ) - of course, Citi said it a week
ago , but it is the MSM... OTC
derivatives frontloading raises stability concerns (IFRE ) Wall
Street Titans Outearned by Media Czars (Bloomberg )
Comparing
Track Records: Mitt Romney's Private Equity vs Barack Obama's Public Equity
By now everyone is well aware what the main tension involving this year's
presidential campaign as far as Mitt Romney is concerned, will be his
professional past, namely his experience at, and exposure to, Bain Capital. By
now most have also gotten a sense of the angle of attack that the incumbent
will rely on in order to discredit his GOP challenger, and if they haven't,
they will soon enough: after all in Obama's own words "Mitt
Romney's record at Bain Capital is what this campaign is going to be about. " In other words, Romney's
history with managing private (emphasis added) equity. Yet at
Marc Thiessen at the WaPo points out, the logical retort from the Romney camp
would be to shift attention to something potentially more embarrassing: Obama's
record with public equity . Because, frankly, it is
deplorable. And while one may debate the number of job losses at the companies
that Bain took private, the driving prerogative for Romney was to generate
value for his investors and shareholders. This in itself will hardly be debated
by Obama. In other words, for any and all of his other failings, Romney
succeeded at his primary task. The question then is: did Obama do the same? Did
he succeed in investing public equity , i.e., the taxpayer capital that
the US "The Euro Is
Dead; Long Live The Euro"
, Guest
Post: Chinese Chaos Is The Immediate Threat To The Dollar , SkyNet
Wars: Presenting The Rogue Algo Responsible For FaceBook's Downfall , China
And Japan Dropping Dollar Cross Rate System, Will Transact Directly , "Run!" If you cannot read the writing on the wall then allow
me to read it for you. The European Union has abrogated the Rule of Law for the
good of the State. This is the second such abrogation with the first being the
exemption of certain European institutions and the IMF from the Private Sector
Involvement of Greece Greece may be a one-off
exemption as they claim but we now have a second instance where jurisprudence
has been overturned for the good of the nations of Europe .
This is not Socialism or Capitalism but rather some sort of Fascist governance
which I publically decry as the echo of the jackboots sounds across the
Continent once again. The precedents have now been set and the future is
clearly marked by a return to the totalitarianism of a politically controlled
State. My advice is therefore succinct:RUN!
, Spain
Runs Out Of Money To Feed The Zombies
, Bankia
Parent Revises 2011 "Profit" Of €41 Million to €3.3 Billion Loss , Key Events In
The Shortened Week Submitted by Tyler
Durden on 05/28/2012 Despite
closed US stock markets today, FaceBook stock still
managed to decline , while Europe dipped yet once again on all the same
fears: Greece, Spain, bank runs, contagion, etc. Shortly Europe will reopen,
this time to be followed by the US US
payrolls and global PMI/ISM numbers are expected to show a mixed picture with
some additional weakness already fully anticipated outside the US US a la
November 30, 2011 Europe
spiral out of control over the next several weeks. Either way, risk volatility
is most likely to spike in the coming days.We all know that the National Defense Authorization
Act (NDAA) signed by President Obama on New Year’s Eve contained a now-struck-down
provision to authorise the indefinite detention of American citizens on US
soil. But did you know that the NDAA also paves the way for war
with Iran ? Dennis
Kucinich :
Section (6) rejects any United
States policy that would rely on efforts to contain a
nuclear weapons-capable Iran Iran U.S.
policy and would guarantee that talks with Iran U.S.
policy is that Iran H. Res. 568 draws the “redline” for military action at Iran achieving a
nuclear weapons “capability,” a nebulous and undefined term that could include
a civilian nuclear program. Iran Iran Countries with nuclear weapons “capability” could
include many other countries like Japan
or Brazil
The notion of a “nuclear weapons capability” seems
like a dangerously low standard. Let us not forget that Mossad, the CIA and the
IAEA agree that Iran
Forget
the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm
http://albertpeia.com/25signssmartmoneywriteoffsoeu.htm
5-25-12 Marc
Faber Sees 100% Probability Of Global Recession In 2013 ZeroHedge.com
Tyler
Durden 5/25/12 From around
two minutes into this CNBC clip, Marc Faber brings the conversation back into
sharp focus. Noting that "whenever
everybody focuses on just one thing - Greece
and Europe in this case - there are other things that are far more important -
such as a meaningful slowdown in India
and China gigantic systemic failure Faber ramps up the rhetoric many economically sensitive (and luxury) stocks that
are down very significantly "I think we will have a global
recession late this year, early next year", to which a stunned Wapner asks
for odds (surely 30%, 50%?) of this recession - "100% certainty" only 'investment' in
this case is 'Cash USD' , Guest
Post: The Taxpayer Funded PR Campaign For Obamacare Begins , Niall
Ferguson: "Greece Is The Symptom Not The Cause" , Guest
Post: Keynesianism & Eugenics
While eugenicists and Keynesians make correct descriptive observations —
like the fact that certain qualities and traits are inheritable, or more simply
that children are like their parents — their
attempts to use the state as a mechanism to control these natural systems often
turns out to be drastically worse than the natural systems that they seek to
replace. General Theory Europe today, cuts in state spending in a state-dependent
economy can cause deep economic contraction, providing the Keynesian more
confirmation for his idea that the state should tax more, and spend more. That
is, until nature intervenes. Just as a state-controlled eugenics program might
well spawn an inbred elite suffering hereditary illnesses as a result of a lack
of genetic diversity, so a state-controlled economy may well grind itself into
the dirt as it runs out of innovation as a result of a lack of economic
diversity. Such a situation is
unsustainable — no planner is smarter than nature , Equities
At Lowest Close Of Week As Reversion To Reality Reappears , Friday
Humor Part 2 - The (Insolvent) World According To Angela , About
That European Stress Test, 2011 Edition... And Where The Pain In Spain Is
Raining Next , Mark
Grant And Rick Santelli On Europe's 'Bond-Turned-Bank'-Run We have discussed the realities of Spanish
(and Italian and Portuguese and Greek) debt to GDP data relative to the
official estimates a number of times over the past few months and just as Mark
Grant tells Rick Santelli today, the sugar
buzz of self-financed sovereign bond buying hides the truth - until now 'Grantelli' the 'Bond Run' we have seen over the past few
months (as professionals flee European banks and sovereigns) has now trickled
down to the man-in-the-street and their equivalent - the bank-run. , FaceBomb
Is Officially The Worst Large IPO Of The Decade , Greece
Has Proved That the ECB Bailout Scheme is Based On Nothing But Lies and Fraud Phoenix Capital... http://albertpeia.com/ecbbailoutscamliesfraud.htm , Germany
Walks Away From Greece testosteronepit A "failed
state" — but Germany is still trying to save the euro, up to a point.... , European
Stocks On Verge Of 50%-Off Greek Light Special , Presenting
JPM's Uber-Prop Trading Desk: Meet The SIO Inside The CIO Remember when
Jamie Dimon told the world the CIO stories were a "tempest in a
teapot" during the firm's Q1 conference call the very same day world's
biggest prop desk (aside from the Fed of course) and that the JP Morgan was
merely "hedging" its positions? It appears that just like Vegas, it's
the lie that keeps on giving. Because as it turns out in addition to being a
massive undisclosed loss leader courtesy of 'unlimited downside' CDS pair
trades (anyone remember DB employee Boaz Weinstein?) which have yet to be
unwound, and which may have a total book loss of up to or over $31.5 billion as
explained before, that was merely the tip of the prop-trading iceberg. The WSJ
reports: "The JPM unit whose wrong-way bets on corporate credit cost the
bank more than $2 billion includes a
group that has invested in financially challenged companies, including LightSquared
Inc., the wireless broadband provider that this month filed for Chapter 11
bankruptcy protection distressed equity investing is known as the Special
Investments Group surely hedging hedging, hedging, as these are pure
play directional prop bets your deposit dollars The
euro’s parachute drop has no end in sight
5-24-12 Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS May 24, 2012 http://albertpeia.com/dave.htm ‘The overall news continues to be dreadful.
In China China U.S. Okay, I rest my case.Stocks again
reversed course late in the day as the same rumors of eurozone solutions
triggered algo buying action. Leading sectors were scattered frankly and we’ll
view a few below.Volume was lighter Thursday and you can readily see algo
activity in the 5 minute SPY chart below. Breadth per the WSJ was mixed…’
The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ‘We have all been
lied to. For decades, the leaders of both major political parties have
promised us that they can fix our current system and that they can get our
national debt under control. As the 2012 election approaches, they are
making all kinds of wild promises once again. Well you know what?
It is all a giant sham. The United States U.S. for CNN 56 trillion dollars $683,000 Police Urging Greeks To
Stop Stuffing Mattresses ZeroHedge.com Tyler Durden , Guest
Post: UK Banks Want To Charge Customers For Accounts , Not
Even Goldman Understands This Market Any More The following EOD commentary from Goldman's
S&T desk pretty much summarizes how everyone feels. , As
Bankia Bailout Costs Grow Exponentially, Is A Stealth Bank Run Taking Place...
And What Happens To Ronaldo? , Retail
Pulls Money Out Of Stocks For 13th Consecutive Week , CME Cuts
Crude, Gold Margins , As
Reality Recedes, Rumor Rampage Returns... Redux , May
Hedge Funds Performance Update: Red Is Bad
And it was shaping up to be such a good year. According to the latest
just released HSBC hedge fund performance update, increasingly more funds are
starting to lose it, certainly for the month, but increasingly more for the
year. How many LPs will be eager to keep on paying 2% management fees (forget
performance) to funds who at best are long AAPL (at least 226 of them), and at
worst have underperformed the S&P, for the second year in a row, by
anywhere from 5 to 15%? , Google
Trends Shows Why The Status Quo "Powers That Be" Should Be Scared.
Very Scared The volume of searches for the phrase 'Bank Run' has
just hit an all-time high - higher now than even during the peak of the Lehman
Brothers 'moment' Singaporeans
are running the most scared here )
is perhaps not surprising, followed by the Irish and the Americans - with
Germany a disappointing 10th - perhaps they really do not care as much as
everyone's bluff-calling hopes. It seems the fears of real 'bank runs' are
becoming virtually 'viral' - not a good sign for the stability of the
fictional-reserve-banking-dependent status quo.
5-23-12 Eurobonds:
The Issue That Could Shatter Europe http://albertpeia.com/eushatteringeubonds.htm In fact, it is being estimated that Germany could be
facing an extra 50 billion euros a year in
interest expenses. So over ten years that would come to about 500 billion
euros. Needless to say, Germany Greece
Could Implode the Second Bailout and the EU by Mid-June http://albertpeia.com/greecesecondbailouteuimplosion.htm , POMO
For The Rest Of Us - A Zero Hedge Initiative Zerohedge.com Durden , Guest
Post: Unemployment Insurance Schemes And The Dependency Of Welfare , This
Is What European Banks' Loan-To-Deposit Ratios Look Like European
banks already have the highest loan-to-deposit loan-to-deposit ratio in the
world . As
Reality Recedes, Rumor Rampage Returns , Guest
Post: Dollar Backwardation The current financial crisis, may progress to a
phase where people demand and hoard dollar bills but take electronic deposit
credits only at a discount which increases until electronic deposit credits are
repudiated entirely. The Federal Reserve would be powerless to solve the
problem, because while they can create unlimited electronic deposit credits
they can’t create unlimited paper dollar bills, “money you can fold” as
Professor Antal Fekete calls it. There would be a glut of electronic deposits,
but a shortage of dollar bills. Before the financial crisis metastasized in 2008,
Fekete wrote a paper that I think is underappreciated and under-discussed:
"Can We Have Inflation and Deflation at the Same Time?" In his paper,
he discussed the “tectonic rift” between paper Federal Reserve Notes (i.e.
dollar bills) and electronic deposits. By statute, the Federal Reserve cannot
print dollar bills without collateral (e.g. Treasury bonds). Also, they have
limited printing press capacity that is insufficient to keep up with a
catastrophic crisis. , Biderman
On Bad Data And China's Recession "The next big financial crisis we
will face will not come from Europe", Charles Biderman of TrimTabs notes,
"but rather from China corruption
in the 'manufactured' GDP data China is potentially already in a recession collapsing
real-estate bubble "The Central Banks cannot levitate asset prices
forever" - leaving the question of when not if the drop occurs. , Flowcharting The
Eurocalypse , On The
Predictability Of European Lies , As
I've Been Warning Since 2010, the EU is Finished Phoenix Capital... , Guest
Post: More Than 30 Blocks Of Grey & Decay Our entire society is in a downward social
and economic spiral. We are just at different levels of decay (Dante’s
circles of hell). At the current pace it won’t be long before I’m writing about
the 50 States of Squalor. It is virtually impossible to reverse a decline that
has been underway for the last three decades. We sold our souls to Wall Street
and chose a debt financed illusion of wealth over
productive savings and investment which would have led to real wealth.
Our choices are reflected in the continued deterioration and decay along West
Chester Pike and the squalor that is West Philly. Grey and decay will carry the
day. The words on the Statue of Liberty should be revised
from, ”Give me your tired, your poor, Your huddled masses yearning
to breathe free”, to “we have
become your indebted, materialistic, obese, aging masses yearning for
the government to protect and sustain us as our once great nation decays.”
5-22-12 IF IT WAS ONLY ONE THING ABOUT
WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM
INVARIABLY BROKEN CAMPAIGN PROMISES ( Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases against Wall Street lag despite
Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES
(WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA
KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the
economy is already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To Meltdown WOBAMA ET ALS’
DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL,
COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT
MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S
UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS
PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery
in the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
The
EU Political Game of Growth Vs. Austerity is Akin to Polishing the Brass on the
Titanic May 22, 2012 By gpc1981 http://albertpeia.com/eusstitanic.htm , Facebook’s
‘falling knife’ shares drop again Dave’s Daily: http://www.etfdigest.com STOCK INVESTORS LACK CONVICTION { Shades of
the dot.com bubble/fraud of yesteryear, facebook’s already being referred to as
a debacle, ie., infra, ‘Facebook (FB) debacle remains fixed in the minds of
many investors which only made Monday’s rally weirder. (FB) fell another 9%
Tuesday making the total decline from the IPO 18%. Like I stated yesterday,
there will be books and case studies written about this issue.’ The frauds on
wall street still scammin’ and jammin’. }
5-22-12 ‘European stocks rallied early on news that the EU ministers are
going for growth vs austerity. China had already chimed-in that it was going to
do the same which provided a spark.Supposedly there’s a rumor and story going around that Greece is
being supported by a secret ECB lending facility ELA (Emergency Liquidity Assistance)
of €100 billion. This signals more trouble than the rosy Kumbaya comments
announced at the G-8 meeting. Further, late day news indicated more EFSF
(European Financial Stability Facility) rescue funds for Greek banks: Chart
below courtesy of Zero Hedge: http://albertpeia.com/geuexitprep.jpg , Facebook IPO: CIA and Goldman Sachs Take the Suckers for
a Stroll Kurt Nimmo Guest
Post: OPEC Has Lost The Power To Lower The Price of Oil ZeroHedge.com Durden , The
World's Biggest Hedge Fund Hotel Just Got Bigger - 226 Hedge Funds Owned Apple
As Of March 31 , Is
Nasdaq Lying About What It Knew On FaceBook IPO Day? , "Retroactive
Market Conditions": Nasdaq Says Would Have Called Off FaceBook IPO If It
Knew Then What It Knows Now First of all, let's get one thing straight: if
instead of about to breach a 20-handle, the Facebook stock price was in the
$60, nobody would care about anything but not just any market conditions - retroactive ones The
Facebook Maginot Histogram - Here Is How Morgan Stanley Just Gave Up Update:
MASSACHUSETTS SUBPOENAS MORGAN STANLEY OVER FACEBOOK MASSACHUSETTS SEEKS MS COMMENTS TO INSTUTIONAL INVESTORS ON FB MASSACHUSETTS SUBPOENAS MORGAN STANLEY OVER FACEBOOK COMMENTS
It
is by now well-known that certain large banks were heavy defenders (by mandate
and then by sheer panic) of the Facebook share price post-IPO. Margin Stanley whoever it was just gave up
their undying defense . The following volume profile (how many shares were traded at each
price point since the share's release) illustrates dramatically the massive
bid-side presence (remember there are no short-sellers per se) as they defended first $42
(78mm shares bid), $41 (11.6mm shares bid), $40 (18.4mm shares), $39 (3.9mm
shares), $38.50 (6.5mm shares), and finally $38 (22.7mm shares bid) before the
first day or two were over. This is at least 140mm shares
that were bid for above the volume-weighted average price of $37.98 across all
844mm trades that have occurred since Facebook began trading on NASDAQ . $32.1bn of trading volume across
the three days. It appears that today's action - which seemed to be left
undefended as algos were in charge was the breaking point for MS. , Facebook
Plummets To All Time Lows As EUR Exodus Crushes Commodities, Slams Stocks ,
Arbitrage
Pair Du Jour: Compress EURUSD vs Italy Bonds , Guest
Post: George W. Bush’s “Growth” Strategy
{ Wobama’s continued all of this despite campaign promises to the
contrary! } Here are a few prominent questions that George W. Bush might want
to consider answering before slinking off back to Crawford:
Why
did you ignore the CIA’s warnings in the summer of 2001 that al-Qaeda
could strike “imminently”? Why
did you pledge in the 2000 election debates that you were against nation
building, and then embark on not one but two nation-building programs in Iraq and Afghanistan You
increased the Federal debt by 86%; to what extent do you accept the blame
for America You
reappointed Alan Greenspan as the Fed Chairman; to what extent do
you accept that his easy money policies caused the bubble that burst in
2008? Were
the 2008 bailouts of well-connected banks and financial corporations
engineered by your administration compatible with a supposedly
“free-market” “capitalist” system? Doesn’t bailing out banks create
dangerous moral hazard? How
can a nation simultaneously claim to be a liberator while also practising
torture? You
swore to uphold the Constitution, yet passed the PATRIOT Act that
authorised warrantless wiretapping, and mass surveillance
in contravention of the Fourth Amendment . Do you realise that you
violated your oath of office?
JPM
Hires Ex-SEC Chief Enforcement Officer To Help Prop Trading Loss Damage Control
, Guest
Post: US Citizens Now One Step Closer To Becoming Permanent Tax Slaves , Did
Facebook Executives Privately Tell Institutional Investors to Lower Their Estimates
on the IPO? George Washington 05/22/2012 Did Facebook Feed Inside Information to the Big
Boys … While Leaving the Individual Investor In the Dark?
5-21-12
Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { I disagree to the extent that this economic
scenario is posited as anything but presently already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To Meltdown , Neither
the Fed Nor the ECB Will Be Able to Stop What’s Coming http://albertpeia.com/fedecbcantstopcomingcrash.htm , Jim
Cramer Is Predicting Bank Runs In Spain And Italy And Financial Anarchy
Throughout Europe http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm { The one ‘glass half-full’ thing that’s
going for them is that perma-bull Cramer is so wrong, so often, in very big
ways; yet, realistically one must admit that if cramer’s saying so, it’s many
times worse! } , The Rise
Of Nationalism Will End the Euro Before Summer’s End http://albertpeia.com/eurosend.htm , Facebook
IPO Post-Mortem For Dummies ZeroHedge.com , Forget
The "Bazookas": Here Come The "Tomahawks" And
"Howitzers" - An R-Rated Walk Thru The Greek Endgame "So lets
"run" through the mechanics of a Greek bank run. ... The end is of course ECB printing,
Eurobonds and every developed market central bank dumping massive liquidity
into the global financial markets as systemic risks rise - QE,
LTROs, Currency swaps, and every funding facility under the sun come into play.
The path to
this end game will be bumpy, but make no mistake, the
developed market central banks will dump so much fiat on the system to cover
the losses, that risk free real rates will plummet to levels so negative that
anyone left holding cash or cash equivalents will see massive destruction of
real wealth. , China
Can Now Monetize US Debt Directly
, The
Elephant In The Room: European Capital (Out)flows And Another €215 Billion In
Spanish Deposit Flight , Guest
Post: Americans Want Smaller Government And Lower Taxes , Blast
From The Past: SNL Explains Wall Street
Just because few have captured the essence of Wall Street quite like the
following "Straight talk with Global Century" SNL skit from the
recent past, which reminds us that the more things change, the more they stay
the same: a timely reminder in the aftermath of the FB bloodbath. , Guest
Post: Feedback, Unintended Consequences And Global Markets All models of non-linear complex
systems are crude because they attempt to model millions of interactions with a
handful of variables . When it comes to global weather or global markets, our ability to
predict non-linear complex systems with what amounts to mathematical tricks
(algorithms, etc.) is proscribed by the fundamental limits of the tricks.
Projecting current trends is also an erratic and inaccurate method of
prediction .
The current trend may continue or it may weaken or reverse. "The Way of
the Tao is reversal," but gaming life's propensity for reversal with
contrarian thinking is not sure-fire, either. If it was that easy to predict
the future of markets, we'd all be millionaires. Part of
the intrinsic uncertainty of the future is visible in unintended consequences . The Federal Reserve, for example,
predicted that lowering interest rates to zero and paying banks interest on
their deposits at the Federal Reserve would rebuild bank reserves by
slight-of-hand. Banks would then start lending to qualified borrowers, and the
economy would recover strongly as a result. They
were wrong on every count . , Neither
the Fed Nor the ECB Can Stop What's Coming : Phoenix Capital... 05/21/2012 The two biggest market props of the last two
years: the Fed and the ECB have found their hands tied. What will follow will
make 2008 look like a joke. On that note, if you have not taken steps... http://albertpeia.com/fedecbcantstopcomingcrash.htm , Paul
Krugman’s Economic Blinders ilene Bipartisan
Congressional Bill Would Authorize the Use of Propaganda On Americans Living
Inside America George Washington 05/21/2012 Because Banning Propaganda “Ties the Hands of
America’s Diplomatic Officials, Military, and Others by Inhibiting Our Ability
to Effectively Communicate In a Credible Way” http://albertpeia.com/creepingfascismpropaganda.htm http://albertpeia.com/targetinguscitizens.htm , "The
Mourning After" - Argentina Is On The Greek Side, But Why Is The IMF
Holding It Hostage? , Forget 'GREXIT';
Meet 'GEURO' , FadeBook
Enters Bear Market; -20% From Highs
, Chinese
Buyers Defaulting On Commodity Shipments As Prices Plunge , JPM
Halts Share Repurchase Program , The
One Chart US Banks Don't Want You To See Three years ago, the government in
all its glory and sound central-planning decided to provide a fully-FDIC-backed
facility to allow banks to raise capital at ultra-cheap cost of funds in the
middle of the crisis. The Term-Loan-Guarantee-Program (TLGP) has not been far
from our thoughts but the next month or so is going to be increasingly
anxiety-inducing for the banks that took advantage of that bailout. By the
end of June 2012 (i.e. the next six weeks) there is almost $60 billion of TLGP
debt that matures for US banks (and will need to be refinanced we assume). This $60
billion has an average cost of funds of 0.3% (that is yield NOT
spread) which when compared to the 3.5% - 4% cost of funds for mid-dated US
(average CDS around 230bps) means a more than 10x increase in funding costs for
this segment of their debt. Of course there are yield-hungry ETF-buyers to be
satisfied (note LQD can soak this up and few retail investors realize just how
exposed LQD - the investment-grade ETF - is to US financials) and so we expect
them to get this off but it can only pressure spreads wider as supply dominates
demand in this risk-averse market environment. , FaceBook
Under $38 As Artificial Underwriter Support Ends
5-18-12
The
Facebook IPO: The Last Great Wall Street Party http://albertpeia.com/lastwallstreetparty.htm ,
‘Jersey Boy Bruce’, Stalwart Wobama Supporter, Will He Change the Words
to: ‘Wasn’t Born in the U.S.A.’ , ‘Wasn’t Born in the U.S.A.’ http://albertpeia.com/wasntbornintheusa.htm Say it isn’t so ,‘Jersey Boy Brucie’! http://albertpeia.com/obp.jpg Sing it Brucie: Not born in the usa, Not born
in the usa, O’s not born in the usa, O wasn’t born in the usa http://albertpeia.com/impeachobama.htm , Dave’s Daily: http://www.etfdigest.com GREAT EXPECTATIONS OVERHYPED 5-18-12 ‘China China U.S. U.S. fadebook ”, “fakebook ” and
so on. , Historic Facebook debut falls flat , Eurozone
turmoil could last two more years, says Schäuble , "The Truth
Gets Out Eventually" ZeroHedge.com
Durden Some look at today's
FaceBook IPO flop, the ongoing market rout, and the situation in Europe with
disenchantment and disappointment. We, on the other hand, view it with hope:
because more than anything, the events of the past few days show that the truth
is getting out - the truth that capital markets simply can not exist under the
authoritarian rule of central planners, the truth that the stock market is a
casino in which the best one can hope for a quick flip, and finally the truth
that our entire socio-economic regime, whose existence has been predicated by
borrowing from the uncreated PeakBook? , Friday
Night Tape Bomb: Spain Hikes Budget Deficit From 8.5% to 8.9% , John Hathaway:
"This Is The Bottom For Gold"
, FadeBook , JPM On Grexit,
TARGET2, And The ECB Unless Greece chooses to leave the Euro area, which
JPMorgan doubts will happen, the rest of the region will have
to push Greece out . The
mechanism for this will be the ECB excluding the Greek central bank from
Target2, the regional payments and settlement system…’ , Guest
Post: Risk Ratio Indicating More Correction Coming , EUR
Soars On No News, As Santander UK Says 30% Of Visiting Customers Pulled Their
Deposits Today , Biderman
On Malinvestment And Diminishing Returns From Intervention Charles Biderman of TrimTabs discusses the
reality of the macro environment with Madeline Schnapp - though do not worry as
the sense of sarcasm and disbelief at the government's actions and hopes is
palpable. Noting that our economy is at best growing
'sluggishly' based off
her real-time macro data, Biderman's right hand goes on to explain to him
that inflation is running hotter than the government would like us to
believe . More
importantly, she hits the nail on the head with regard to what Biderman notes
is the wasted stimulus money, saying that the economy needs to
clear the malinvestments, not sustain them through stimulus transmission
mechanisms, in order for growth to once again re-appear . Historically QE2 did manage to
create some inventory restocking and pick up in wages/salaries in Q1 2011 but
Operation Twist appears to have little to no impact on the real economy
(outside of government statistical modelers) - which as we have said before
indicates the diminishing
returns to government intervention . What is clear is that, as
we have noted , that post the 1971 modified gold standard, over a
long-period of time it has taken an 'unsustainably'
increasing amount of government debt to create economic growth - with the post-2008 insanity that
we need $2.50 to create $1 of economic growth. The two end with a discussion of
the debt ceiling and deficit potential for a black swan event. , Nasdaq
Finally Sends Out FaceBook Trade Confirms... With Two Hour Delay , LCH
Hikes Margin Requirements On Spanish Bonds
, And
Now Back To Europe, Which Is More Unfixed Than Ever Durden
So stepping aside from the biggest aggregator of
private data for a few minutes, and focusing on what actually matters
To summarize from Citi:
There are many scenarios for a Greek exit;
almost all of them are likely to be EUR negative for an extended period Some scenarios could be positive in equilibrium
but the run-up to the new equilibrium could be nasty, brutal and
long The positive scenarios for the euro involve
aggressive reduction of tail risk; none of these seem likely It is unlikely that central banks busily
substitute EUR for USD in their portfolios during periods of intense
political uncertainty.
As
The Chinese Car "Channel Stuffing" Bubble Pops, "Debilitating
Price Cuts" Arrive The fact
that GM's "stunning" car sales have been in no small part driven
exclusively by its eagerness to stuff dealers with unsold channel stuffing covering
the subject for over a year now. What we did not know, yet what in
retrospect is so glaringly obvious, is that the GM ploy of fooling the dumbest
sellside analysts and investors all the time has now gone global. And while
channel stuffing may have worked for a while, it is now starting to bite back.
Bloomberg reports: "Chinese dealers are struggling with the rising number
of unsold cars that’s threatening to deepen price cuts, according to the
nation’s biggest automobile dealers’ association. Dealerships for Honda Motor
Co., Chery Automobile Co., BYD Co. and Geely Automobile Holdings Ltd. carried more than 45 days of inventory as of the end
of April, exceeding the threshold that foreshadows debilitating price cuts ,
Su Hui, vice president of the auto market division at the state-backed China
Automobile Dealers Association, said in an interview yesterday. Guangzhou
in the south to Xi’an to the west,” Su said in a
phone interview yesterday from Beijing It’s like a contagious disease that
will spread what should GM with its 86
days of full vehicle days supply in the US say
5-17-12 18
Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse http://albertpeia.com/18signseuropebankcrisisbadtoworse.htm ‘ With
each passing day, the banking crisis in Europe escalates. European banks
are having their credit ratings downgraded in waves, bond yields are soaring
and billions of euros are being pulled out of banks all across the
eurozone. The situation in Europe is
rapidly going from bad to worse. It is almost like watching air being let
out of a balloon. The key to any financial system is confidence, and
right now confidence in banks in Greece ,
Italy , Spain and Portugal Europe ,
it is going to be much safer to have your money in Swiss banks or German banks
than in Greek banks, Spanish banks or Italian banks. Millions of people
in Europe are starting to realize that a
"euro" is not necessarily always going to be a "euro" and
they are starting to panic. The Greek banking system is already on the
verge of total collapse , and at this rate it is only a
matter of time before we see some major Spanish and Italian banks start to
fail. In fact it has already been announced that the fourth largest bank
in Spain will be getting bailed out
by the Spanish government. It is only a matter of time before we hear
more announcements like this. Right now, events are moving so quickly in Europe that it is hard to keep up with them all.
But this is what usually happens in the financial world. When things go
well, it tends to happen over an extended period of time. When things
fall apart, it tends to happen very rapidly…’ , We
Are Watching The Greek Banking System Die Right In Front Of Our Eyes http://albertpeia.com/greekbankingsystemdying.htm ‘ yesterday , people do not want to be stuck with euros in
Greek banks when Greece $894 million from Greek banks on
Monday alone and a similar amount was withdrawn on Tuesday. ..’ , One Epic
Chinese Bubble - One Chart ZeroHedge.com Durden, Everything
You Need To Know About Europe's Dilemma In 4 Minutes , So
How Are JPM's Prop "Counterparties" Faring? We already know that
JPM has lost billions on its prop trade, and as suggested earlier (and
as the FT
picked up subsequently ), JPM's prop desk (not to mention its actual
standalone hedge fund, $29
billion Highbridge , which nobody has oddly enough discussed in the
mainstream press yet) is so large that unwinding the full trade, as well as all
other positions held by the CIO, would be unwieldy, allowing us to mock
"the fun of negative convexity - especially when you ARE
the market and there is no-one to unwind the actual tranches to. " The FT
then phrased it as follows: "I can’t see how they could unwind these
positions because no one can replace them in terms of size. It’s a bit of the
same problem they face with the derivatives trade," said a credit trader
at a rival bank. " They pretty much are the market. " Which actually is funny,
because if the media were to actually read a paper or two on how the market
works, and puts two and two together, it just may figure out that the biggest
beneficial counterparty for JPM is none other than the Fed, using the conduits
of the Tri-Party repo system. But that is for Long-Term Capital MorganTM Matt
"LTCM" Zames to worry about. In the meantime, a question nobody
has asked is how have the purported JPM counterparties, the most public of
which are BlueMountain
and BlueCrest who leaked the trade to the press in the first place, and are
allegedly on the other side of the IG9 blow up doing. Well, according to the
latest HSBC hedge fund update looking at the week ended May 11, not that hot. ,
It's Not Over Yet
For JPM , Moody's
Downgrades 16 Spanish Banks, As Expected , Flight
From Risk: Treasury Plummets To Record Low Yield As Gold Surges , Jamie
Dimon "Invited" To Testify Before Senate , Goldman
Goes Short The US Consumer , Guest
Post: Regardless Of What The Propaganda Says, This Is Not How A Free Society
Treats People , A Simple
Question For Senator Schumer As many already know, earlier
today Senator Schumer announced the cleverly named Ex-PATRIOT act, which
seeks nothing short of exile for anyone who effectively declines their US
citizenship for tax avoidance purposes. So far so good. We have, however, one
simple question. In light of recent media reports of rampant abuse of various
international tax loopholes by US corporations (recall the Double
Irish with a Dutch Sandwich ), but much more importantly, the glaring abuse
of offshore
tax shelters by hedge funds - organization such as Paulson & Co.,
RenTec, York Capital, etc., and financial institutions, such as Lazard,
Blackstone, and Credit Suisse, can Senator Schumer please rep, warrant and
guarantee that none of his corporate sponsors, i.e., his Top
100 Contributors , have ever engaged in any form of explicit or implicit tax
avoidance, tax offshoring, and tax shelter. To facilitate his checklisting, we
have presented his top 100 contributors below. Because if he can't, one may be
left with the impression that his whole anti-tax tirade and legislation is, you
know, hypocritical. , Prudent
Fiscal Policy and Political Suicide
: testosteronepit “Public debt is an enemy for the country” , Forget
Peak Oil, Time To Worry About Peak Oil Labor EconMatters A
recent IMF working paper predicts a permanent doubling of real oil prices over
the coming decade. However, the "peak oil labor" could be
just enough to tip the scale for the... , Debate:
Do We Need More Regulation … Or Less? George Washington The Issue Is Not Really Regulation ... It is a Malignant,
Symbiotic Relationship Between Government and Wall Street , The
American Foreclosure Process Has Ground To A Halt Something funny happened
in the aftermath of the US fraudclosure settlement, in which millions of
backlogged housing units were supposed to enter the foreclosure process and
begin the clearing of the nearly
9 million housing units in shadow inventory: nothing . Because as RealtyTrac disclosed
overnight, in April the US lowest
in 5 years , despite shadow inventory in the US Guest
Post: How The U.S. Dollar Will Be Replaced The dollar was a median step
towards a newer and more corrupt ideal. Its time is nearly over.
This is open, it is admitted, and it is being activated as you read
this. , Philly
Fed Plunges, First Contraction Since September 2011 , Consumer
Blinks as "Consumer Comfort" Collapses Most In 4 Years , US
leading indicators -0.1% in Apr, below market expectations of +0.1%, vs +0.3%
in Mar. May 17th, 2012 09:28 by News , US
Philly Fed fell to -5.8 in May, well below market expectations of 10.3, vs 8.5
in Apr. May 17th, 2012 09:24 by News , Greek Exit:
How Much It Would Cost Europe , Experts
Try to Chart Path for Exit From Currency
, US
initial jobless claims 370k for the week ended 12-may, above expectations of
365k, vs upward revised 370k in the previous week. , Dave’s Daily: http://www.etfdigest.com IT WAS THE BEST OF TIMES; IT WAS THE WORST OF
TIMES 5-17-12 ‘It struck me as odd knowing how much money is at stake in
underwriting fees and newfound wealth set against a rapidly collapsing stock
market. You probably know how these deals like Facebook get priced and
distributed. The underwriters and selling group members have been twisting arms
and issuing ultimatums to institutional clients—you are to take “x” number of
shares or you’ll never get another deal again. That’s the way we roll. So as
billions are about to be made by underwriters and insiders, Main Street a
disconnect frankly.Facebook is a great company, growing and dominating
in many ways. But others have a different take including Lucy
Marcus via Reuters New evidence in Trayvon Martin case raises
more questions 19
Things That All High School Students Should Be Told Before They Go To College http://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm , 12
Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The
Elite Believe That You Are Ruining Their Planet And They Want You To Stop
Reproducing {
First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant
species descended from initially notochords, primitive chordates, and
relatively more recently primitive apes. http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
5-16-12 The
Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European
Nations ‘‘The bank runs that we are
watching right now in Greece are shocking, but they are only just the
beginning. Since May 6th, nearly one billion dollars
has been withdrawn from Greek banks. For a small nation like Greece http://albertpeia.com/greekbankrunsgoeurope.htm , This is the beginning of a run on banks. Durden fears
the worst as he passes along pictures of ATM lines in Greece Buiter and
later JPM warned
over the weekend." , The debt ceiling
nightmare scenario (for the u.s.) , Euro
Zone, a Solvency Not a Liquidity Crisis
, Chris
Martenson: "We Are About To Have Another 2008-Style Crisis"
ZeroHedge.com Durden ‘…Alas, all good things come to an end, and a crisis
rooted in ‘too much debt’ with a nice undercurrent of ‘persistently high and
rising energy costs’ was never going to be solved by providing cheap liquidity
to the largest and most reckless financial institutions. And it has not.’ , Three
Charts On Why This Time Is 'Not' Different For Stocks We are constantly
told that this time is different and we are on a sustainable magic carpet ride
to growth, that stocks are merely 'stabilizing' to allow earnings to catch up
with valuations, and that buying-the-dip is the obvious trade. However, as the
three charts below indicate - its no different this time at all. As Barclays
notes, VIX and credit markets are
leaking exactly as they did in 2010 and 2011 equity performance remains too good to warrant a central bank response
(as we just saw in the FOMC minutes) and TIPS breakevens are far above previous
intervention levels bank funding fears, growth slowdown concerns, and sovereign downgrade
worries are supposedly lesser absolutely
rising in anxiety A
12-Year-Old Girl Crushes The Canadian (and American) Dream When Ron Paul stands up in front of a crowd
and explains the fictional But when a 12-year-old girl, in a little over five
minutes can explain the total farce that is our monetary system, surely people
have to listen and break free of the matrix CTV
notes , 'Grant lays out a brief history of the Canadian banking system,
referencing obscure historical figures such as former Vancouver mayor Gerald
McGeer and explaining that the Bank of Canada held primary control over
government lending until the 1970's. Starting then, she says, governments began
borrowing from private banks instead at considerably higher interest rates than
those available through the central bank. The result, Grant argues, is a rapidly increasing national debt Canada Canadians would
again prosper with real money as the foundation of our economic structure Bruno Iksil Leaving
, Greece
Sneezes, The Euro Dies of Pneumonia! A Step-by-Step Guide To Pan-Euro, Bank
Busting Contagion http://albertpeia.com/paneurobankbustingcontagion.htm , European
Banks Battered As Reality Sets In As Europe
opened last night markets were very weak with Sovereigns gapping dramatically
wider and equity and credit markets under pressure. Just as in the last few
days in Europe though, early weakness has been tempered by a modest belief that
the ECB will save us all if it gets bad enough. Today was a little different -
as we noted it appeared the ECB was starting to play chicken a little more
vocally and while equity, credit, and
sovereigns rallied in their usual way off the open - there was one critical
difference - financials did not short-financials,
long-sovereign credit trade LTRO Stigma wider still - back near record wides EURUSD back below
1.2700 once again Did
Draghi Just Give Greece The All-Clear To Leave? ECB President Draghi just
admitted that while the ECB Governing Council would like Greece to stay, there
is a limit to what they will do to save it and will do everything they can to
preserve their 'pristine' balance sheet - which sounds a lot to us like - 'we are not lending/printing/supporting your financial
system anymore as you are far too big a risk (and are asset-stripped) and to be
honest, it might be better if you just left Art
Cashin On Ostrich Rallies, ATM Lines And MOC Bluffs You saw it all unfold
here blow by blow yesterday. Now Art Cashin gives the post-mortem. , Housing
Starts Beat, Permits Miss; Both Crawl Along Record Bottom Following several months of permits rising
even as starts flatlined, today we get the opposite, as forward looking
construction came weaker than expected, with permits printing at 715K on
expectations of 730K, while starts coming ahead at 717K on expectations of
685K. Completions soared as backlogs caught up with inventory started and under
construction. Really, that's all one can say about these two series, who
long-term charts can be seen below. What can one say but crawling at the
bottom, and increasing modestly courtesy of trillions in fiscal and monetary
stimulus, and as of recently full-blown mortgage debt forgiveness courtesy of
this country's desperate administration to get some traction in at least one
metric of economic improvement.
Durden
Facebook's
selling shareholders can't wait to get out of company, increase offering
by 25% (Bloomberg ) Boehner
Draws Line in Sand on Debt (WSJ ) Romney
Attacks Obama Over Recovery Citing U.S. Bloomberg ) BHP
chairman says commodity markets to cool further (Reuters ) Merkel’s
First Hollande Meeting Yields Growth Signal for Greece Bloomberg ) Greek
President Told Banks Anxious as Deposits Pulled (Bloomberg ) EU to push
for binding investor pay votes (FT ) Martin
Wolf: Era of a diminished superpower (FT ) China’s
Hong Kong Home-Buying Influx Wanes, Midland Bloomberg ) U.N.
and Iran Reuters ) US
nears deal to reopen Afghan supply route (FT )
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
5-15-12
Why
A Greek Exit From The Euro Would Mean The End Of The Eurozone http://albertpeia.com/endofeurozone.htm What was considered unthinkable a few months
ago has now become probable. All over the globe there are headlines
proclaiming that a Greek exit from the euro is now a real possibility. In
fact, some of those headlines make it sound like it is practically
inevitable. , Drudgereport: BANK RUNS HIT GREECE Merkel and
Hollande join forces on Greece... Europe
prepares for 'messy' exit... Little
country threatens big impact... Italy's
banks shaken; Slump deepens...
Zimmerman
Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting...
Dave’s Daily: http://www.etfdigest.com NO STOMACH FOR MARKETS TUESDAY 5-15-12 ‘The
rundown from the eurozone is as follows: The bright star is German GDP (EWG)
came in better than expected at .5% vs .1% expected. France (EWQ) reported a
flat GDP report. Italian (EWI) GDP was -.8% and the Netherlands Eastern Europe , Hungary ,
Czechoslovakia and Romania Spain Alaska U.S.
Is The Pain Over For
Bruno Iksil? ZeroHedge.com Durden
"The
Weight Of The Nation": Documenting America's Obesity Epidemic: Part 2 -
Choices , Will
America Ever Recover From The Housing Crisis - A Real Estate Infographic
Back in March, on the back of the last gasp of yet another central bank-induced
sugar high (in this case mostly LTRO 1+2), as well as economic data skewed by
record warmth, a plethora of housing bottom callers (we would call them
analysts but they are anything but) emerged from their hibernation and did what
they do like clockwork every year: called a housing in bottom. Sadly, now that
the market has topped out, at least for the current easing iteration, it
appears that the housing triple dip as measured by Case Shiller will shortly be
a quadruple dip. And so on, and so on, until the question becomes: will America Next Stop: …{‘The
Weimar Zone’}0 ‘….because his estimate is predicated on one simple thing:
hyperinflation, or specifically 12.2%
inflation each year Seth
Klarman On The Absurd Short-Termism Of The Exuberant Rally While most of the retail investor's time is
(hopefully not) spent watching CNBC propaganda spouted by wannabe traders
(mostly asset gatherers as opposed to real return seekers) who sell their
$29.95 books on how to be rich in 30 seconds trading the TVIX; some might
prefer to listen to the original thoughtful value investor - Seth Klarman. The
man whose book 'Margin of Safety' sells for over $1000 (and whose acumen
extends for decades) just released Baupost's (his fund) quarterly letter and
makes what should be a critical statement for any and every investor to
consider when next they hear of quantitative easing prognostications. In two
short sentences, Klarman states: "We
will not be tempted into making investments based on such absurdly short-term
thinking, which sadly still dominates Wall Street comfortable
missing out on potentially major rallies if they are based purely on money
flows or government action; the risks of engaging in this sort of speculative
activity are simply too high
5-14-12 JPMorgan
Estimates Immediate Losses From Greek Exit Could Reach 400 Billion ZeroHedge.com Durden
, Are
They Insane? 58 Percent Of Americans Believe Economic Conditions In The United
States Will Be Good A Year From Now http://albertpeia.com/insanelyoptimistic.htm , If
You Live In California Things Just Got A Whole Lot Worse http://albertpeia.com/hopelesscluelesscalifornia.htm Failed Wobama model illustrated: 16
Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , Why
Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil
And Gas Deposits Worth Billions Of Dollars?
http://albertpeia.com/chinabuyingamerican.htm , Merkel
is Backed Into a Corner… Commit Political Suicide or Bail on the Euro? May 13, 2012 By gpc1981 http://albertpeia.com/merkelpolsuicideorbailoneuro.htm , State
Election Defeat Seen as Disaster for Merkel
(WSJblogs) , Greece Can
No Longer Delay Euro Zone Exit It’s Going to Get
Harder for Merkel (Der Spiegel)
, Newsweek cover: Obama ‘first gay president’ , Must Read:
"Another Perspective" ZeroHedge.com
Durden , "The
Weight Of The Nation": Documenting America's Obesity Epidemic: Part 1 -
Consequences , Biderman
And Bianco Bury Bernanke's Bond Bull Market Backbone , Guest
Post: JPM Chase Chairman, Jamie Dimon, The Whale Man, And Glass-Steagall , Moody's
Downgrades 26 Italian Banks: Full Report MOODY'S DOWNGRADES ITALIAN BANKS; OUTLOOKS REMAIN NEGATIVE , Deja
Deja Deja Etc. As S&P 500 Closes Below 50DMA First Time Since November
, Guest Post: Sex, Money and
Largesse - The Hidden Depression , Phil
Falcone's Downfall Is Complete: LightSquared Files For Bankruptcy , "No-Brainer
Trade Of The Year" Plummets As Bondholders Duck Ahead Of Possible Greek
Bankruptcy Tomorrow , James
Montier On "Complexity To Impress", Monkeys With Guns, And Why VaR Is
Doomed "One of my favourite comedians, Eddie Izzard, has a rebuttal
that I find most compelling. He points out that “Guns don’t kill people; people kill people, but so do
monkeys if you give them guns Give a monkey a value
at risk (VaR) model or the capital asset pricing model (CAPM) and you’ve got a
potential financial disaster on your hands Guest
Post: The New European Serfdom , Iberia
Implodes To 17 Year Lows As Stigma Trade +200% , Meet
The Latest Converted Gold Bug: The IMF , Must
See: Greece Explained In One Picture We were going to do a caption contest
Dave’s Daily: http://www.etfdigest.com MARKETS CAN’T CLIMB ON ONE WHEEL 5-14-12
‘Angela Merkel’s party suffered a severe rebuke in local elections to
socialists and other left parties. This action demonstrates the tenacity with
which the public in the eurozone demands to cling to government benefits versus
austerity. It further complicates matters politically for the EMU and
previously agreed financial arrangements and commitments. On Saturday, the
troika agreed to give Greece Greece Wisconsin
and now California
As an aside let’s review the reoccurring issues with
mega-banks as just happened with JPM. I’ve been writing about the demise of the
Glass-Steagall Act (GSA) for a long time. I featured it in my early 2007 book
“Create Your Own ETF Hedge Fund” and frequently on ETF Digest. The GSA was made
law during the Great Depression. Among other things it separated banks from
brokers and federally insured bank deposits (FDIC) to $100K. This had meant
banks were restricted in how they dealt with depositor funds which were widely
insured by the public. In the late second term of the Clinton smart (emphasis added) regulators to oversee
(herd cats) mega-banks. And, besides if they’re bailed-out once they expect to
be bailed-out again. The solution is simple. Let bankers be bankers taking in
government insured deposits within manageable rules and let brokers be brokers
regulated separately. The latter can continue to do stupid things with their
stockholders money but not with public funds. The financial world would be a
better place.
Lower oil prices are a mixed blessing since it
benefits consumers but is also a sign of serious trouble for the global economy
as demand falls. We see much the same thing with most commodities. Priced in
dollars (UUP), and with the dollar rallying, commodity prices continue to
decline from that aspect as well. (Hmm, I wonder if rappers and Hollywood stars are still stashing their dough in euros and / or making it rain.) Gold (GLD) and other
commodities (DBC, SLV, USO and JJC) also took a beating. Emerging Markets, more
sensitive to commodity prices, were also much weaker … Some buying may be
wasted buying power and a gamble that economic data later in the week and
retailer earnings would provide a boost. By day’s end stocks were in the toilet
once again. What’s good? Bonds from the big three: Germany ,
U.S. and Japan.The bottom
line is you can’t lose the BRICs, the euro and the eurozone and expect U.S. Premium
members to the ETF Digest receive
added signals when markets become extended such as DeMark
triggers to exit overbought / oversold conditions.Volume once again on selling
was relatively higher while breadth per the WSJ was quite light…’
http://albertpeia.com/collapseofderivativesmarket.htm
Lot of whistling down there
on wall street as ‘WALL STREET DOES BROADWAY’ (not Main Street Rogers
Whenever the frauds on
wall street feel afraid,
Their penises get erect
(for screwin’ someone other than their deserving selves),
They whistle a happy
tune,
So no one will suspect,
They’re afraid.
While shivering in their
shoes,
They strike a fearless
pose,
And whistle a happy tune,
So no one will suppose,
They’re afraid.
Yeah, lots and lots of
whistling on fraudulent wall street. So uniquely fashioned to their task of
obfuscation and fraud, even Humphrey Bogart would have found Lauren Bacall’s
instructive direction for same as wanting in comparison (not everyone will get
this…famous, but strictly unreal cinematic show biz, not the live fraud biz of
wall street fame). I believe much of this soft shoe song and dance was for the
‘benefit’ of european markets which are hopelessly in the throes of their own
confrontation with reality, which despite all the whistling is all going to get
much worse than feared, fearless poses notwithstanding (see infra).
It is here where wobama
not doing what he said he’d do last campaign littered with his jive-talking
b***s***!
Roche 'The worst part of it
...Obama, who vowed change, has done almost nothing to fix any of it and
in fact continues most of the policies that helped get us here in the first
place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Facebook co-founder Saverin renounces citizenship , The
2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of
The Derivatives Market http://albertpeia.com/collapseofderivativesmarket.htm When news broke of
a 2 billion dollar trading loss by JP Morgan, much of the financial world was
absolutely stunned. But the truth is that this is just the
beginning. This is just a very small preview of what is going to happen
when we see the collapse of the worldwide derivatives market. When most
Americans think of Wall Street, they think of a bunch of stuffy bankers trading
stocks and bonds. But over the past couple of decades it has evolved into
much more than that. Today, Wall Street is the biggest casino in the
entire world. When the "too big to fail " banks make good bets, they
can make a lot of money. When they make bad bets, they can lose a lot of
money, and that is exactly what just happened to JP Morgan. Their Chief
Investment Office made a series of trades which turned out horribly, and it
resulted in a loss of over 2 billion dollars over the past 40 days. But 2
billion dollars is small potatoes compared to the vast size of the global
derivatives market. It has been estimated that the the notional value of
all the derivatives in the world is somewhere between 600 trillion dollars and
1.5 quadrillion dollars. Nobody really knows the real amount, but when
this derivatives bubble finally bursts there is not going to be nearly enough
money on the entire planet to fix things. Sadly, a lot of mainstream news
reports are not even using the word "derivatives" when they discuss
what just happened at JP Morgan. This morning I listened carefully as one
reporter described the 2 billion dollar loss as simply a "bad bet"…’
, U.S. resumes Bahrain arms sales despite rights concerns {So
much for ‘principle’ and hypocritical rhetoric aimed everywhere but the
mirror!} , Dave’s Daily: http://www.etfdigest.com MARKETS REMAIN IN DESCENT MODE 5-11-12 ‘First
view the news, then the reaction. China China India Spain U.S. U.S. that short-term oversold. I was
expecting the open to stick lower. at least until after the lunch period, and
volume slackened. But, no… stocks immediately rallied. Was there a natural buyer on all this crummy news? Not
that one could tell…’ , New
Level Of Stock Market Quote Insanity
ZeroHedge.com Durden We knew something was different about today.
The following graphic neatly captures it. It shows the 15 minute average
percentage of quotes considered excessive each minute (over 500 quotes per
second per stock) between January 2010 and 11-May-2012 (plotted as thick red
line). Note how this line was persistently high the entire day relative to
trading days in the past. This probably explains the crazy high quote rates and
prices shown in the charts below. , Why
Corporate Balance Sheets Just Don't Matter In The New ZIRP Normal , Guest
Post: How Long Before Massive Government Debt Buildup Triggers Another
Financial Shock? From 1981 to 2007,
the amount of debt required to produce $1 of GDP growth crept higher, and it
ranged from a low of 3 cents in 2000 to a high of $2.25 in 1991. In only
eight of those years did it take more than $1 of debt to produce $1 of GDP
growth—1982, 1986, 1990 to 1993, 2002, and 2003. On average, it took 79
cents of debt to produce $1 of GDP growth. In other words, the increase
in GDP was nearly 1.3 times the increase in debt. Along came the Great
Recession. Since 2009, the traditional relationship between debt and GDP
growth has been turned upside down. Each $1 increase in GDP has been
accompanied by, on average, a $2.50 increase in debt. Before the
recession, an increase in debt generally generated a greater increase in GDP,
but now it takes an enormous increase in debt to eke out a small increase in
GDP. At some point, the amount of debt required to generate even modest
GDP growth will suffocate the economy and trigger another financial shock. , Fitch
Downgrades JPM To A+, Watch Negative , Treasury
Yields Post Longest Consecutive Weekly Decline In 14 Years As Credit Tumbles
, Deja Deja
Deja Deja Deja Vu Dump-'em,
Pump-'em, Dump-'em - The New Normal 'buy-and-hold' model is stable this week. Equity
market continued to follow the same path day-in and day-out this week as the
distance between the 50DMA and Monday's morning gap becomes smaller and
smaller. , Santelli
On CDS Regulation And Why Bank Analysts Failed It would seem, just as during the crisis in
2008/9, that now might be an opportune time to push for 'improvement' in how
banks are regulated (and more importantly how the instruments they trade in
colossal size are priced and marked-to-market… Santelli and
Backshall critically address the complicity of banks, regulators, analysts,
and The Fed in giving 'banks the benefit of the doubt' with regard their use of
the bottomless pit of capital they implicitly have but what is more important is for
the hordes of sell-side analysts and buy-side sheeple to understand just what
this JPM debacle exposes about bank risk (VaR is useless), bank transparency
(mark-to-model or worse is widespread), and bank valuation (traditional
Price/Book metrics have no merit anymore). , Tax-Arbitrage
Of The Year - Facebook Founder Renounces US Citizenship , Visualizing
Europe's "Ponzi Patriotism" , Why
What Jamie Dimon Doesn’t Know Is Plain Scary , Consumer
Sentiment Highest Since January 2008 77.8 on expectations of 76.0. Highest
since January 2008. Yup: the US
5-10-12
J.P.
Morgan has significant credit portfolio loss May 10th, 2012 by News Breaking…………“Shares of J.P. Morgan
Chase & Co. JPM -5.89% dropped after the bank said in a regulatory filing
late Thursday it had “significant” mark-to-market losses in its synthetic
credit portfolio. Shares fell 4.5% to $38.87 in after-hours activity. In a Securities
and Exchange Commission filing, the bank said its synthetic credit portfolio
had proved to be riskier and more volatile than expected.”MarketWatch
MK comment: Sound familiar? Think Bear Stearns, early 2008. , J.P. Morgan Reveals 'London Whale'-Size Losses , Surprising JPMorgan loss hits stock market late Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com , "Europe
Has Started The Endgame" And Biderman Says "The US Is Next" , Greece's
Jobless Soar By 42% As Unemployment Rises To Record, Industrial Collapse
Accelerates , Dave’s Daily: http://www.etfdigest.com STOCKS ATTEMPT TO RALLY 5-10-12 ‘In overseas
news, China’s exports were only 4.9% vs 8.5% expected (I guess that qualifies
as a miss). China England U.S. China
that stay in China count as U.S. A
Chinese Group Plans To Construct A 200 Acre "China City" In Michigan http://albertpeia.com/chinamerica.htm , If
Spain’s Problems Are Solved… Why Are They Putting Together “Plan B”? http://albertpeia.com/spainnotsolvedsoplanb.htm , London
trader for JPM “amassed positions so large he’s driving prices” usagold.com
‘A JP Morgan Chase & Co trader of derivatives linked to the financial
health of corporations has amassed positions so large that he’s driving price
moves in the $10-trillion market, traders outside the firm said…’ , J.P.
Morgan has significant credit portfolio loss MK
comment: Sound
familiar? Think Bear Stearns, early 2008.
, Breaking
a German Taboo: Bundesbank Prepared to Accept Higher Inflation , Spain
Underplaying Bank Losses Faces Ireland Fate
, How a
Radical Greek Rescue Plan Fell Short (The Wall Street Journal) , Visualizing
The Saturation Of Hopium , S&P
Opens The Pandora's Box: The Wall Of Refi Worry Is $46,000,000,000,000 Tall
, Is
JPM Staring At Another $3 Billion Loss? www.zerohedge.com Durden , 20
Second Summary Of What Just Happened What summarizes the clip below best:
A) Hubris; B) Greed; C) Stupidity; D) Moral Hazard; E) All of the above? , The
"World's Largest Prop Trading Desk" Just Went Bust A month ago we
warned that JPM's CIO office is nothing short of the world's
largest prop trading desk . Not only were we right, but what just transpired is just
shy of our worst possible prediction. At the end of the day, the real question
is why did JPM put in so much money at risk in a prop trade because we can
dispense with the bullshit that his was a hedge, right? Simple: because it knew
with 100% certainty that if things turn out very, very badly, that the taxpayer,
via the Fed, would come to its rescue. Luckily, things turned out only 80% bad.
Although it is not over yet: if credit spreads soar, assuming at $200 million
DV01, and a 100 bps move, JPM could suffer a $20 billion loss when all is said
and done. But hey: at least "net" is not "gross" and we
know, just know, that the SEC will get involved and make sure something like
this never happens again. , Bruno Iksil Is Dunzo
The last time a French trader delivered a bomb this big (Jerome Kerviel), the
Fed cut the discount rate by 75 bps. As for this particular Frenchman, his best
epitaph is his Bloomberg profile page. Recall: "Chuck
is french ; champion of 'kick it', walking over water and humble.. yes" You can now add "fired."
Oh, and it is all Egan Jones' fault of course, who downgraded
JPM on April 13 , while all the other rating agencies were posturing for the
highest possible bribe to keep their mouths shut. , JPM
Crashing After It Convenes Emergency Call To Advise Of "Significant
Mark-To-Market" Losses In Bruno Iksil/CIO Group Out of nowehere, JPM
announced 40 minutes ago that it would hold an unscheduled 5pm call to coincide
with the release of its 10-Q. Rumors were swirling as to why. The reason is as
follows:
JPMORGAN SAYS CIO UNIT HAS SIGNIFICANT
MARK-TO-MARKET LOSSES - "Fortress balance sheet" at least until Bruno
Iskil gets done with it. JPMORGAN SAYS LOSSES ARE IN SYNTHETIC CREDIT
PORTFOLIO - but, but, net is NEVER, EVER Gross. JPM
WOULD NEED $971M ADDED COLLATERAL IF RATINGS CUT ONE-NOTCH JPM
WOULD NEED $1.7B ADDED COLLATERAL IF RATINGS CUT 2 NOTCHES - how about
three notches? JPMORGAN:
MAY HOLD SOME SYNTHETIC CREDIT POSITIONS LONG TERM - "Level 3 CDS
FTW" "As of March 31, 2012, the value of CIO's
total AFS securities portfolio exceeded its cost by approximately $8
billion"
As a reminder, the CIO unit is where Bruno Iksil was
making $200 billion-sized bets. Basically JPM has suffered massive losses at
its CIO group most likely due to its IG/HY positions held by Iksil.
5-9-12 11
Quotes That Show How Worried The Financial World Is About Europe Right Now http://albertpeia.com/financialworriesabouteurope.htm ‘…The following are 11 quotes that show
how worried the financial world is about Europe right now....
#1 Tres
Knippa of Kenai Capital Management: "What is going on in Europe is an absolute disaster…the risk-on trade is not
the place to be. I want to be out of equities and very, very defensive because
the situation in Europe just got worse after
those elections."
#2 Mark
McCormick , currency strategist at Brown Brothers Harriman: "We’re
going to have higher tensions, more uncertainty and most likely a weaker
euro."
#3 Nick Stamenkovic , investment
strategist at RIA Capital Markets in Edinburgh :
"Investors are questioning whether Greece
#4 Jörg Asmussen , a European Central
Bank executive board member: "Greece
#5 Tristan Cooper , sovereign debt
analyst at Fidelity Worldwide Investment: "A Greek eurozone exit is on the
cards although the probability and timing of such an event is uncertain."
#6 Art Cashin : "Here’s the outlook on Greece Greece
#7 John
Noonan , Senior Forex Analyst with Thomson Reuters in Sydney
#8 Kenneth S. Rogoff , a professor of
economics at Harvard: "A Greek exit would underscore that there’s no
realistic long-term plan for Europe , and it
would lead to a chaotic endgame for the rest of the euro zone."
#9 Chris
Tinker of Libra Investment Services: "It’s a binary decision. If Greece
#10 Nicolas Véron , a senior fellow at
Bruegel: "France
#11
80-year-old Greek citizen Panagiota Makri : "I'm
confused. I feel numb and confused. Only God can save us now"
All
of this comes at a time when much of Europe is
already descending into a new recession . Economies all over Europe are contracting and unemployment rates are
skyrocketing…’
24
Facts That Prove That America Is A Nation Of Slobs http://albertpeia.com/24factsproveamericaanationofslobs.htm }
Dave’s Daily: http://www.etfdigest.com MORE TWO WAY MARKET ACTION 5-9-12 ‘Greece Santander http://www.infowars.com
On the Wednesday, May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann U.S.
Department of Justice, the FBI, as well as the Pennsylvania
and New York State America Virginia The euro crisis: No way
out (The Economist) — THE
conventional wisdom that emerged immediately after Europe’s weekend
elections—that voters may have forced Europe into a new crisis reckoning—seems
to have been correct. Greece Odds of a Greek departure from the euro zone appear
to be rising sharply Big trouble
is brewing Extraordinary
popular delusions and the madness of machines http://albertpeia.com/madnessofmachines.htm
, Europe's
Most Parabolic Chart Goes Parabolic-er ZeroHedge.com , Guest Post: What
Austerity? , 11th
Consecutive Outflow From US Equity Mutual Funds Pulls Cash Levels To Record
Lows , Market
Has Longest Losing Streak In 10 Months , Bank
Of Spain Formally Nationalizes Bankia, Says Insolvent Bank Is
"Solvent", Adds There Is No Cause For Concern , Spain's
Bank "Bailout" A Complete Dud: Allows Banks To Opt-Out , Sprott
Berates Berkshire's Buffoons And Says "All Markets Are Manipulated"
{This is true beyond all words; especially for the bumpkin shills like buffet!}
, Guest
Post: The Death Spiral Of Debt, Risk And Jobs What we have is a Central State and an economy that
has borrowed and squandered trillions of dollars on consumption and
malinvestment in unproductive "stranded" assets Eurozone
Refuses To Blink: Will Hold Back €1 Billion From Greek Payment To Monday , Nigel
Farage: "The EU Titanic Has Now Hit The Iceberg"
5-8-12
Obama’s
DOJ And Wall Street: Too Big For Jail? Forbes | Why has no one on Wall Street
been charged with financial fraud despite Obama’s Financial Fraud Task Force?
, The
Countdown To The Break Up Of The Euro Has Officially Begun http://albertpeia.com/countdowntoeurobreakup.htm , Dave’s Daily http://etfdigest.com
TWO WAY TUESDAY MARKET ACTION 5-8-12 ‘Markets were selling off hard most of the
day on lingering doubts about the fate of the eurozone amid Greece, France and
Spain. After hitting some support levels markets rallied sharply into the close
led by (ahem) the reliable 2:15 PM Buy Program Express. I should add that our
friend Steve Hammer at HFT Alert tweeted
that most algos were selling into the late day rally. Beneath the nonsense of
sorting out the Greek situation, the real troubles on the front burner are Spain smaller peers as noted …’ , Guest Post: The
Emperor Is Naked ZeroHedge.com We are in the last innings of a very bad
ball game. We are coping with the crash of a 30-year–long debt super-cycle and
the aftermath of an unsustainable bubble. Quantitative easing is making it
worse by facilitating more public-sector borrowing and preventing debt
liquidation in the private sector—both erroneous steps in my view. The federal
government is not getting its financial house in order. We are on the edge of a
crisis in the bond markets. It has already happened in Europe
and will be coming to our neighborhood soon. The Fed
is destroying the capital market by pegging and manipulating the price of money
and debt capital. Interest rates signal nothing anymore because they are zero.
Capital markets are at the heart of capitalism and they are not working…’ , Europe
Breaks Again As EURUSD Dips Under 1.3000 , America
Will Have Negative Unemployment In January 2022 Taking current trends
across all employment indicators, using 12 Month trailing averages in the
changes of those employed, unemployed and dropping out the labor force, we can
predict, with IMF-level precision, that at the current surge of
those leaving the labor force, the US unemployment rate will hit 0.0% in
December of 2021 and finally go negative, or -0.1% in January 2022 . So there you have it: maybe the
BLS can just fast forward us to the end of this thought experiment when
everyone will be so fat they couldn't look for a job if they wanted to (recall
by 2020 75%
of Americans will be obese ), but at least the Propaganda Times will be
blasting in 24/7 red flashing headlines that, for the first time ever,
America's unemployed are now somehow negative, and we can all rejoice while
collecting all those welfare stamps bought on negative interest credit funded
directly from the uber politburo of the USSA located in the Marriner Eccles
building. , Guest
Post: Why the Job Market Will Continue Shrinking The paradox of an advanced
post-industrial economy is that the number of jobs needed declines even as the
cost of living rises. The fundamental dynamic of America In other words, there are fewer
jobs even as the costs of maintaining a "middle class" life rise. The
solution to the post-industrial decline of labor is not unproductive
"make-work" jobs and borrowing trillions of dollars until the system
implodes, it's lowering the cost basis of the entire economy and culture, which
means eliminating all the systemic sources of
unproductive friction . , China's
Government Self-Immolation Progresses As We Expected , Guest
Post: The European Union Is Destroying European Unity , European
Credit Risk Surges Near 4-Month Highs , Santelli On The
Encumbered Youth Of The US , Is EURUSD 1.20 In The
Cards? , Biderman
Sums Up Europe's Problem In 30 Seconds After an extended and detailed rant
against the BLS and their ineptitude, which is worth watching in its own right,
Charles Biderman (CEO of TrimTabs) sums up Europe's troubles and hopes in 30
seconds. Towards the end of the clip, Biderman notes that Monsier
Hollande is saying that governments should borrow more money so they can give
more money to more people and THAT will create economic growth. Instead, Charles sees Europe sliding down a slippery slope faster and faster
with no end in sight. , As
China Buys, Sellers Push Gold Down To 4 Month Lows , Greek
Stocks Plummet To 20-Year Lows , Fitch
Sets The Stage: "Greece Leaving The Euro Would Be Bearable" , On
Europe's Phantom Austerity Spending Cuts , Economic
Alert: If You’re Not Worried Yet…You Should Be , Greek
Left Coalition Leaders Says Bailout Accord "Null And Void", Demands
Greek Debt Moratorium , The
World from Berlin: ‘Germans Won’t Pay for Greece’s Vacation from Reality’
(Der Spiegel) , The
Way The Pentagon Is Predicting Your Potential To Become A National Threat Is
Frightening Business Insider | Tom Cruise made “pre-crime’” a futuresque and
controversial method of law enforcement in the 2002 movie Minority Report. {
The business of war … now you know, along with the frauds on wall street, where
all your tax dollars went and how the nation’s insurmountable debt-load and
defacto bankruptcy came to be… http://albertpeia.com/wherehaveallthetaxdollarsgone.htm , Officials: Al-Qaida underwear bomber worked for CIA , After
The Government Microchips Our Soldiers, How Long Will It Be Before They Want To
Put A Microchip In YOU http://albertpeia.com/governmentchippinaway.htm
5-7-12 Five
Reasons For Caution In US Equities ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm
While there may be a plethora of geopolitical reasons
to be 'cautious' of getting over your skis in US equities, there are a number
of more quantifiable reasons for not buying-the-f##king-dip here. Between the
sustainability of US earnings and the sell-in-May mantra, we highlight five
foods-for-thought before you push all-in this morning. , Guest
Post: Global Reality - Surplus Of Labor, Scarcity Of Paid Work , Will
Equity Investors Never Learn? Presented with little comment except to note
that just when you thought a sense of reality had returned (and Treasuries and
stocks re-coupled), equities feel the need to hype once again - fool you once
shame on you, fool you the 50th time and we give up. , US
Equities Ignoring US Sovereign Risk Warning We have been warning of the
pending fiscal cliff in the US and the somewhat inevitable debt ceiling
debacle, election uncertainty, and the question of Fed independence in an
election year as potential catalysts for risk flares in the US and abroad. For
now, US equities are happy to ignore these events, still drawn in their
Pavlovian-educated manner to US equities for their nominal enrichment. The
trouble is - there are clear warning signs from some particularly noteworthy
markets that all is not well (that appear more capable of comprehending
fundamentals). Forget for a moment the overnight plunge and recovery in futures
as this will bring only anchoring bias; a step back to 30,000 feet and we note
that the spread on USA Sovereign CDS
has risen by over 30% in the last month (now back at 40bps or 3-month wides)
flashing a worrying warning signal for US equities if the past is any guide Is
Obama Negotiating A Treaty That Would Essentially Ban All "Buy
American" Laws? http:// albertpeia.com/ wobombanation.htm Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm , Soylent
Pepsi is People http://albertpeia.com/soylentpepsi.htm Infowars.com Well, let’s not kid ourselves; there’s likely
canabalism in wobama’s line! How totally disgusting. I’ll never drink pepsi
ever again! } , Two
Charts Exposing America's Record Shadow Welfare State ZeroHedge.com Margin
Stanley Is Back: Bank Must Post $10 Billion In Collateral In Case Of 3 Notch
Downgrade ..At March 31, 2012, the following are the amounts of additional
collateral, termination payments or other contractual amounts (whether in a net
asset or liability position) that could be called by counterparties under the
terms of such agreements in the event of a downgrade of the Company’s long-term
credit rating under various scenarios: $868
million (A3 Moody’s/A- S&P); $5,177 million (Baa1 Moody’s/ BBB+ S&P);
and $7,206 million (Baa2 Moody’s/BBB S&P) At March 31, 2012, the increased collateral
requirement at certain exchanges and clearing organizations under various
scenarios was $160 million (A3 Moody’s/A- S&P); $1,600 million (Baa1
Moody’s/ BBB+ S&P); and $2,400 million (Baa2 Moody’s/BBB S&P Moody's
warned it’s considering downgrades of US banks and may cut Morgan Stanley
as much as, you guessed it, 3
notches… ’ , Toxic
Spiral: Greek Office Vacancies Soar As Tourism Industry Implodes , A
Market Full Of Sound And Fury Signifying Unch Three important things
occurred today: 1) US equities
converged down to high-yield US equities converged to US
Treasuries Gold was the leading indicator for where risk assets
should be today US equities outperformed risk-assets modestly until
the late-day give back dragged them back to reality but overall Consumer
Credit Soars As US Government Encourages Student, Car Loan Bubbles That US
consumer credit soared by $21.4 billion in March on expectations of $9.8
billion rise, or the fastest monthly expansion since March 2001 would have been
commendable and memorable if one did not dig through the actual components.
Which sadly are atrocious: of the entire surge, a modest $5.1 billion was from
real credit, or revolving, credit-card type debt. This brought the total
revolving debt to $804 billion or to a level
first crossed in January 2005 non-revolving an all
time record US government of course, in what is the supreme
ponzi scheme, whereby the US US government has become the final enabler of
the consumer spending bubble with proceeds used to keep the US Do
What Buffett Says, Not What He Does , Greek
Bonds Monkeyhammered As Hedge Funds Slash Hands Catching Falling Knives , Guest
Post: The Treasury Bubble in One Graph , And
Back To Euro-Math: Up To €210 Billion Funding Shortfall For Spanish, Italian
Banks In 2012 , Overnight
Sentiment: Clutching At Straws , Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm
5-4-12 "Shattering
The American Dream": The US Government’s Ponzi Scheme ZeroHedge.com
5-4-12 While Larry Kotlikoff was markedly pessimistic in the past (as we
noted here just over a year ago ), it seems it was a dress-rehearsal to his
latest evisceration of what he now calls the US Government's Ponzi Scheme. In a
recent VoxEU article
on America 's "fiscal child abuse" the American dream will be just that - a dream! , Santelli
On Propaganda And Ostrich Economics Everyone's favorite Chicago-ite, Rick
Santelli, once again presents himself as the truth-teller-in-chief on the
propaganda channel. This morning's dismal jobs data but utopian reporting of
the improvement in the headline unemployment rate appears to have hit a nerve.
Santelli takes on just how bad the employment picture really is, how mainstream
media practices 'Ostrich Economics', and finally how nothing is deemed
important to most politicians except who is to blame. One of Rick's best as
perhaps CNBC
has been looking at its ratings and realizes investors want the truth not
the spin. , Guest
Post: Debt Serfdom In One Chart Bottom
line: financialization and substituting debt for income have run their course.
They're not coming back, no matter how hard the Federal Reserve pushes on the
string People
Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since
1981 http://albertpeia.com/notinlaborforce.htm it is just getting sad now. In April the
number of people not in the labor force rose by a whopping 522,000 from 87,897 ,000 to 88,419,000.
This is the highest on record. The flip side, and the reason why the
unemployment dropped to 8.1% is that the labor force participation rate just
dipped to a new 30 year low of 64.3%. , US
Added 115,000 Jobs In April, Huge Miss Of Expectations; Unemployment Rate 8.1%
, Overnight
Sentiment: Traders Look Past Latest European Disappointment, Toward US Jobs
Here is what happened in Europe overnight, and why the market sentiment is
already negative in advance of an NFP number which many are watching closely as
a miss of expectations will cement the thesis that the US economy has now
rolled over and will likely need more nominally dilutive aid from central
planners to regain its upward slope:
Spain Services
PMI for April 42.1 – lower than
expected Italian
Services PMI for April 42.3 – lower
than expected France
Services PMI for April 45.2 – lower
than expected Germany
Service PMI for April 52.2 – lower
than expected Euro-area Service PMI for April 46.9 – lower
than expected. Consensus 47.9. Previous 47.9.
And
while the data was bad enough to send European stocks and US stock futures
lower..’ , Charlie
Munger: "Gold Is For Pre-Holocaust Jews To Sew Into Their Garments;
Civilized People Don't Buy Gold" , Brutal
Day For Stocks As Reality Recouples; Europe Now Negative For 2012 , Everything
You Know About Monetary Policy Is Wrong... And Why This Is Very Bad News For
Europe "In a financed financial system, collateral
is money "
, Why
European Bank Stocks May Have At Least 40% More Downside , And
You Thought American Unemployment Was Bad... , The
Gift That Keeps On Taking: Bank Of America Facing $6.2 Billion Collateral Call
, Greece:
“We Are Their Greatest Fear”
: testosteronepit But the system is gummed up. , Gold
Bubble? “More People That Own Apple Stock Than Gold” GoldCore The
Crashing US Housing Metro Areas drhousingbubble US home prices have once again made a post-bubble
low in spite of all the artificial intervention and massive bailouts to
financial institutions. The bottom line unfortunately is that US...
, The
Two Scariest Charts From Today's NFP Report, Or The Real "New Part-Time
Normal" , Real U-3
Unemployment Rate: 11.6% Propaganda unemployment rate: 8.1% ; Real unemployment rate: 11.6% . Reason for difference: organic
growth of labor force which grows alongside the broader population. Don't be
confused by cheap explanations on TV why the labor force should be declining
(especially with ZIRP meaning pre-retirement workers have to stay in the labor
force ever longer to supplant their meager fixed income): the widely accepted
definition of the labor pool, that used by the CBO and all other government
forecasting agencies, assumes a 90,000 growth in the
labor force every month as it has to keep in line with the growth of the US
population !
The implication is simple: using a real labor force participation rate
long-term average of 65.8%, the real unemployment rate in April was 11.6%,
based on the 5.4 million additional workers that should be counted as part of
the U-3 which then means that the real number of unemployed is not 12.5 million
but 17.9 million, which in turn implies a 11.6% unemployment rate in the US.
This also means that the spread between the propaganda, and the real number is
now 3.5%: the most it has been since the early 1980s. 5-3-12 Eric
Holder To Be Held In Contempt Of Congress? Durden ZeroHedge.com 5-3-12 http://albertpeia.com/ericholderincontemptofcongress.htm While normally we stay away from outright political
commentary especially of the kind that has no direct relation to finance or the
economy, the fact is that if the US had a functioning, uncompromised,
uncorrupt, and effective Justice Department, much of what we see every day on
Wall Street would be vastly different since if crime did indeed have
punishment, then a vast portion of the questionable behavior that is exhibited
by financiers would have been eliminated long ago , Why
You Shouldn't Trust Tomorrow's BLS Number While much has been written on
the revisions, adjustments, and just-plain-guesses that make up the BLS'
non-farm-payroll data, the frustration levels are building in the Bay Area as
Charles Biderman provides the most in-depth discussion of why we need a better
press corps. The simple truth, as Charles notes, is that even the BLS doesn't believe its own hype (in its
footnotes) extremely
ill-formed, very narrow survey with such huge statistical noise as to be
entirely useless every human should watch this brief clip before
buying that 100-lot ES milliseconds after the release tomorrow There
Are 100 Million Working Age Americans That Do Not Have Jobs http://albertpeia.com/100millionworkingageamericansdonthavejobs.htm , 16 Signs
That People Are Becoming Stupider http://albertpeia.com/16signspeoplebecomingstupider.htm , The
Fed and the ECB’s Hands Are Politically Tied… Bye Bye Market Props May 4, 2012 By gpc1981 http://albertpeia.com/sharpcorrectioncoming.htm , Merkel’s In Hot
Water… So No More Bailouts… Sorry Spain
http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
, Dave’s Daily http://etfdigest.com BULLS
GET NERVOUS BEFORE EMPLOYMENT DATA 5-3-12 ‘We saw a sharp afternoon sell-off as
bulls rushed to the sidelines. Remember, with data remaining light it’s easy
for algos to push markets around.There were some troubling “tells” that things
weren’t quite right for bulls. Commodities were hard hit which spilled over
into the troubled Materials (XLB) sector. Commodity Tracking ETF (DBC), Gold
(GLD) and Crude Oil (USO) were all struggling even before selling took markets
lower. These laggards combined with rising bond prices and a higher dollar made
for a bearish cocktail as nervousness over everything consumed traders.Europe
was much higher early in the session only to fade to red as the session wore
on.Jobless Claims (365K vs 378 expected & prior revised higher from 388K to
392K) was bullish. Then ISM Non-Mfg Index data (53.5 vs 56 expected & prior
56) was a disappointment. These two readings combined for a murky outlook and
created more nervousness. The bottom line: conviction is weak.Today’s report
will be light since Friday’s Non-Farms Payroll will make the week one way or
another.Volume once again picks up on selling as no doubt trailing stops were
hit amplifying the move lower. Breadth per the WSJ was quite negative…’ , Our
central bankers are intellectually bankrupt (Financial Times) — The
financial crisis has fully exposed the intellectual bankruptcy of the world’s
central bankers.Why? Central bankers neglect the fact that interest rates are
prices. Manipulating those prices through credit expansion or contraction has
real and deleterious effects on the economy. Yet while socialism and
centralised economic planning have largely been rejected by free-market
economists, the myth persists that central banks are a necessary component of
market economies.These economists understand that having wages or commodity
prices established by government fiat would cause shortages, misallocations of
capital and hardship. Yet they accept at face value the notion that central
banks must determine not only the supply of one particular commodity – money –
but also the cost of that commodity via the setting of interest rates.Printing
unlimited amounts of money does not lead to unlimited prosperity. , ECB
Holds Rate; Mario Draghi Sees ‘Downside Risks’
5-2-12 New
Obama Executive Order Pushes Us Closer To A North American Union And A One
World Economic System http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm The truly astounding thing here is that
without exception, these respective nations, from largest to smallest, can’t
even manage themselves, their own nations properly, efficiently; and then
there’s the inevitable corruption, ‘bigger and better?’. Come on! More
obfuscation! In a world such as this, human nature being what it is, ‘bigger is
definitely not better’! They’re pushing on a string! Time for accountability!
Time to pay the piper! Additionally, people must come to grips with the reality
that wobama hasn’t the slightest idea what he’s doing; hence, the
over-vacationed teleprompter reader whose ‘handlers’ have literally taken over
policy, with some ‘slick’ maneuvering to try and repackage him; ultimately to
no avail inasmuch as his disastrous results at home and abroad speak volumes.
If only he had done what he said he was going to do last campaign, this nation
and the world would have been in a better position today! } , Military
Winning War Over Pensions Bruce
Krasting 05/02/2012 Why is the Military
Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm
, This
Is the First Time In History that All Central Banks Have Printed Money at the
Same Time … And They’re Failing Miserably Washington’s Blog | Simultaneous
Global Printing Is Failing Miserably. Why
New York Times Economist Paul Krugman Is Partly Right But Mostly Wrong http://albertpeia.com/nyteconomistkrugmanwrong.htm , NBER's
Martin Feldstein Bashes The Deplorable US Economy, Says Bernanke Has Engineered
Another Stock Bubble Durden 5-2-12 , Hugh
Hendry On Europe "You Can't Make Up How Bad It Is" , Biderman
Makes Friends: "Bankers Are As Dumb As Politicians" , Guest
Post: 3 Likely Triggers Of The Next Recession Durden [ We’re already in a (continued) recession,
stupid; actually, depression. { Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ Prelude To Meltdown ] , Zuckerman
To CNBC: "The Recession Never Ended" Everyone's favorite
perma-bullish stand-in for Cramer, Fast Money's Scott Wapner , seemed lost for words
when Boston Properties CEO Mort Zuckerman laid down some basic truthiness on
the state of the US economy "We
have the most stimulative fiscal and monetary policy in the history of this
country and here we are three years into the recession and it's not ended. I think we may be heading for an
even weaker economy this year than people expect http://etfdigest.com 5-2-12 ‘INVESTORS BIDING
THEIR TIME There’s good news and bad news Wednesday. First the good news: China U.S. Name
The Country: 101.5% Debt/GDP And... 1.7% Effective Interest Expense , US
Complacency Near 9 Year High Versus Europe , US
Factory Orders Post Biggest Decline Since March 2009 , Europe's
Scariest Chart Just Got Scarier-er , ADP
Misses Big, Prints Lowest Increase Since September; Manufacturing Jobs Post
Shocking Decline , ADP
Says Companies Add Fewest U.S. Workers in Seven Months , US
factory orders -1.5% in Mar, just below expectations of -1.4%, vs +1.1% in Feb. , America's
"Safest Long Term Investment" Is Gold - Gallup , The
euro-zone crisis: Call it a depression (The Economist)
5-1-12
95
Percent Of The Jobs Lost During The Recession Were Middle Class Jobs http://albertpeia.com/95percentofjobslostmiddleclass.htm , New
study: High U.S. debt levels could mean a quarter century of weak growth
(The American Enterprise Institute) [ That’s optimistic; and towards the end
there at best! Remember: Decades at Best! ] , Total US Debt
Soars To 101.5% Of GDP Durden
on 05/01/2012 , Dallas
Fed: Why We Must End TBTF Now! , The
Demented "Old Normal" Speaks: Greenspan Forgets His Lines From Year Ago,
Now Hearts QE Forget 'irrational exuberance', forget 'deregulation of
derivatives', Big Al is back and this time he seems to have forgotten any- and
every-thing we has ever said. It was only a year ago that Greenspan
told CNBC " I am ill-aware of anything that really
worked. Not only QE2 but QE1 " and yet today the mumbling-'maestro' pronounces, via
Bloomberg:*GREENSPAN SAYS EQUITY STIMULUS IS HELPING TO DRIVE ECONOMY
*GREENSPAN SAYS EQUITY STIMULUS IS UNDERESTIMATED *GREENSPAN SAYS
EQUITY IS COLLATERAL OF FINANCIAL SYSTEM So it sounds like Alan has joined Ben
in the parade of 'the-market-is-the-economy' thinkers as now the critical
action of all the greatest minds in our economic policy-makers are convinced
that debasement manufacturing a rising equity market (by whatever means
necessary) is key (and nothing else!) [ Come on! If you haven’t realized by now
that greenspun is incompetent and senile, you haven’t been paying attention! ].
, Guest
Post: Where's The Collateral? Collateral matters when it comes to assessing
the value of the debt. If a bank lists the mortgages in its "assets"
column at full value even though the underlying collateral (the houses) has
lost much of their value, then the bank is grossly over-estimating the value
and security of the mortgage. The bank's "assets" are based on
phantom collateral. Take away $1 in collateral and you impair
$4, $10, $20 or even $30 of debt. Recall that the vast majority of real estate equity
and financial wealth is owned by the top 20%, with the majority of that
concentrated in the top 5%. That means the bottom 80% own little collateral to
leverage into debt. How about leveraging income into more debt?
Since the top 10% receive
almost 50% of the income , and most of the bottom 90%'s income goes to non-discretionary
spending and taxes, then only the top 10% have discretionary income that can be
leveraged into more debt. , The
ISM Print Through The Eyes Of A Trading Algo Since nobody else is trading
anything today, we wanted to show readers, courtesy of Nanex , just how it
is that the only market participants in the past year, that would be robots of
course, traded the ISM number. Pay particular attention how the size book in
the E-Mini contract virtually disappeared two minutes ahead of the number as
everyone shut down and was merely awaiting the headline at which point everyone
who trade in the same direction. , ISM
Defies Consensus, Surges In Best Consensus Beat In Past 7 Months Forget the
Schrodinger "baffle them with bullshit" economy - it is now
officially the Idiotmaker economy. , Guest
Post: Krugman, Diocletian & Neofeudalism , Art
Cashin Issues His Latest Warning On Egypt , The
Mediocre Truth About Earnings Season While headlines crow of company
performance this earnings season and as usual consistent patterns are
extrapolated and exaggerated into a forceful flow of propaganda for why
everyone should buy stocks, the truth is much less spectacular
and in fact downright disappointing if one looks to the future (as opposed to the rear-view
mirror)… All-in-all, mediocrity rules the surprises and forward expectations
continue to disappoint the maddening crowd. , Why?
- 21 Unanswered Questions That They Don't Want You To Look Into http://albertpeia.com/21unansweredquestions.htm , BIN LADEN WAS ALREADY DEAD Bin
Laden: Everyone Is Missing the Big Picture George Washington 04/30/2012 http://albertpeia.com/binladenwasalreadydead.htm , AAPL
Drops Below 50 DMA After Hours As Stocks Retrace 60% Of ISM Spike , Frontline On
Financial Fraud , May-Day,
May-Day: Houston, We Have Global Unemployment , HaPPY
MaY DaY WaLL STReeT KoMRaDS :
williambanzai7 05/01/2012 - 08:03 So Wall Street comrades, come rally;And the last great
feast let us face;The Banksta Internationale unites the Banksta race! This
Is the First Time In History that All Central Banks Have Printed Money at the
Same Time … And They’re Failing Miserably George Washington 05/01/2012 - 18:44 Simultaneous
Global Printing Is Failing Miserably, Time
To Start Looking At The Pump Prices Again , The
Market Calls BS on Spain’s Efforts to Cover Its Toxic Banking Debt May 1, 2012 By gpc1981 http://albertpeia.com/spainstoxicbankingdebt.htm 4-30-12
22
Signs That The Collapsing Spanish Economy Is Heading Into A Great Depression
http://albertpeia.com/22signsspainheadingintogreatdepression.htm Dave’s Daily: http://www.etfdigest.com MARKET LIMPS INTO MAY 4-30-12 , The
Secrets of the Spanish Banking System That 99% of Analysts Fail to Grasp http://spainbanksystemsecrets.htm
, What
Do California And Detroit Have In Common? http://albertpeia.com/californiadetroitdeclineincommon.htm , Rosenberg
Takes On The Student Loan Bubble, And The 1937-38 Collape; Summarizes The Big
Picture Durden
on 04/30/2012 correct call that the US economy sugar high
of the first quarter was nothing but a liquidity-driven, hot
weather-facilitated uptick in the economy, which has now ended with a thud, as
seen by the recent epic collapse in all high-frequency economic indicators,
which have not translated into a market crash simply because the market is
absolutely convinced that the worse things get, the more likely the Fed is to
come in with another round of nominal value dilution. Perhaps: it is unclear if
the Fed will risk a spike in inflation in Q2 especially since as one of the
respondents in today's Chicago PMI warned very
prudently that Chinese inflation is about to hit America Treasury
Forecasts $447 Billion In Funding Needs Thru End Of September - $300 Billion
Shy Of Trendline Earlier today, the Treasury forecast that in the third and
fourth fiscal quarter of 2012 (April-September), the US would need a total of
$447 billion in new debt (split $182 billion in Q3 and $265 billion in Q4),
bringing the total debt balance to just over $16 trillion by the end of
September. While this is a commendable forecast, and one which certainly has
provided to alleviate rumors that the US debt ceiling of $16.4 trillion would
be breached by the mid/end of September, the chart below shows that it may be
just a tad optimistic. , Treasuries
And Gold Outperform As Financials Drag Stocks Down In April , Egan
Jones Cuts Spain For Second Time In Two Weeks, From BBB- To BB+ , Paul
vs Paul: Watch Paul Krugman Dispense Keynesian Brilliance, Debate Ron Paul Live
, Charting
Equity's Hype/Hope On this slow news and market action day it is worth
noting that Equities and Treasuries have dramatically
dislocated in the last few days with Treasury yields near multi-month lows and stocks at
one-month highs. Whether this is the ($700
billion expected ) QE3-trade or a reflection of the increasingly bifurcated
world in which we live is unclear but for certain this is
the largest disconnect (with equities rich) of the year so far. , The
Bulging Costs Of America's Obesity Epidemic , Is ISDA About To
Be Forced To Cave? Given the TBTF's dominant oligopoly of the credit
derivatives market (due mainly to the large exchange's unwillingness to act
appropriately when they know the blow-back from their sell-side clients would
be considerable), it is perhaps surprising that ISDA (the body that 'regulates'
watches over and determines credit events in the CDS market) is coming under
increasing pressure to honor the spirit of CDS contract after the
FUBAR debacle surrounding the Greek restructuring . As Katy
Burne notes in today's WSJ , ISDA is set to decide on a
revamp of the CDS rules within weeks as pressure from the buy-side (the other
side of the trade obviously) to alter the legal wording governing what is (and
is not) a credit event trigger . "Whether it is a series of small fixes or a
root-and-branch rewrite is still to be decided" but we note that the
market - as we
discussed in depth with regard to Portugal over the weekend - is becoming
more comfortable once again with the CDS contract as a hedge against 'problems'
in the $2.9 trillion sovereign credit derivatives market. , Guest
Post: What Is The Consequence Of Printing Money That Nobody Wants? , Quantifying
The Big Five Canadian Banks' $114 Billion Bailout , Equity
Valuation: It's All Downhill From Here While in 'normal' times the commonly
held view is that P/E ratios tend to fall as real interest rates rise, as we
recently pointed out here ,
the relationship is highly non-linear and nowhere is this regime-dependence
more evident than in the following chart from Morgan Stanley. Empirically, the
current interest-rate regime (the 2-3% 10Y) is as good as it gets and whether
rates rise or fall from here, equity valuations are likely to drop . The market rarely trades at the
average multiple, though the current market trades at near
average levels currently (not cheap as many would like us to believe) . Of course, as Morgan Stanley
notes, there are a number of other drivers but on a long-term basis and
top-down, equity valuations have a hard hill to climb to prove its
different this time . , Dallas
Fed Plunges Negative. Biggest Miss In 10 Months While the Dallas lowest
level in 7 months and missed expectations by the largest amount in 10 months. The drop
from +10.8 to -3.4 is also the largest sequential drop in 11
months . Only
the inventories sub-index rose (hardly a bright spot) as Production, Number of
Employees, New Orders, and Capacity Utilization all plunged and the average
workweek fell for the first time in months . The US Larry
Summers Resumes Exercises In Pontificating Sophistry , Chicago
PMI Plunges To Lowest Since November 2009, Biggest Miss To Expectations Since
September 2009 ... the only question is whether the number,which printed at
56.2, down from 62.2, and missing expectations of 60.0, is horrible enough to
send stocks soaring. Based on some of the core numbers it may be: the headline
nuimber was the worst since November 2009, the miss was the biggest since
September 2009, Production of 57.1 was the lowest since September 2009, New
Orders slide to 57.4 from 63.3, Supplier deliveries lowest since September
2011, and so on. The only good print was employment which mysteriously rose
from 56.3 to 58.7, just in time for the NFP print to come really, really ugly.
On, and Joe LaVorgna was at 61.0: way to earn that bonus Joe. ISM downward revisions
to come. But not from Joe- look for upward revisions there. Finally, comment #6 from the PMI respondents
says it all: " Despite all of the rhetoric to the contrary,
it looks like the air got let out of the balloon." , The
New-Normal Class Warfare: Old Vs Young? , A
House of Cards aka Un Castillo de Naipes , Savings
Rate Rises From 4 Year Low As Spending Tumbles, Income Boosted By Government
Transfer Receipts , Interactive
Map Of Europe's Recessionary Tide , Give
Austerity A Chance: Growth Spending Failed , Chicago
ISM falls to 56.2 in Apr, well below market expectations of 60.8, vs 62.2 in
Mar. , http://albertpeia.com/HomeownershipRate.jpg , Don't
Forget Portugal: MS Sees A Second Bail-Out By September With A Bail-In To
Follow , Second
Baby Squid Rumored To Be In The Running For Bank Of England Head , Guest
Post: Wealth Inequality – Spitznagel Gets It, Krugman Doesn’t Krugmann
fails to address even a single one of the arguments forwarded by Spitznagel.
This is no surprise, as he has often demonstrated he does not even understand
the arguments of the Austrians and moreover has frequently shown that his style
of debate consists largely of attempts to knock down straw men. After
appraising us of his economic ignorance (see the idea that time preferences can
actually 'go negative' implied by his argument on the natural interest rate
above), he finally closes a truly Orwellian screed by claiming that everybody
who is critical of the Fed and the financial elite is guilty of being
'Orwellian'. As we often say, you really couldn't make this up. , Guest
Post: Does Believing In The "Recovery" Make It Real? Does
believing in the "recovery" make it real? The propaganda policies of
the Federal Reserve and the Federal government are based on the hope that
you'll answer "yes." The entire "recovery" is founded on
the idea that if the Fed and Federal agencies can persuade the citizenry that
down is up then people will hurry into their friendly "too big to
fail" bank and borrow scads of money to bid up housing, buy new vehicles,
and generally spend money they don't have in the delusional belief that
inflation is low, wages are rising and the economy is growing.... Data is
now massaged for political expediency, failure is spun into success, and
consequences are shoved remorselessly onto the future generations . The entire policy of the Federal
Reserve and the Federal government boils down to pushing propaganda in the
hopes we'll all swallow the con and believe that down is now up and our
"leadership" is a swell bunch of guys and gals instead of sociopaths
who will say anything to evade the consequences of their actions and policy
choices. , Europe's
"Dead Bank Walking" List And An ETA Until The Next Contagion Peak
4-27-12 Dave’s Daily: http://www.etfdigest.com BULLS CHERRY PICK NEWS 4-27-12 [ As
astutely pointed out by Dave, ‘Michigan Consumer Sentiment Report (76.4 vs 75.8
expected and prior 75.7) which is weighted more heavily by stock market prices
than Consumer Confidence’, this thusly is the ultimate ‘bootstrap’ for these
bubble stock prices. ] ‘U.S. 25
Horrible Statistics About The U.S. Economy That Barack Obama Does Not Want You
To Know http://albertpeia.com/25horriblestatsaboutuseconomyobamahides.htm U.S. U.S. U.S. U.S. U.S. #1 The percentage of Americans that
own homes is dropping rapidly. According to Gallup ,
the current level of homeownership in the United
States is the lowest that Gallup
has ever measured. #2 Home prices in the U.S. 35 percent from the peak of the housing
bubble. The last time that home prices in the United States were this low
was back in 2002 . #3 Last year, an astounding 53
percent of all U.S. college graduates under the age
of 25 were either unemployed or underemployed. #4 Back in 2007, about 10 percent of
all unemployed Americans had been out of work for 52 weeks or longer.
Today, that number is above 30 percent . #5 When Barack Obama first became
president, the number of "long-term unemployed workers" in the United States 5.3 million . #6 The average duration of
unemployment in the United States is about three times as long as it was back in the
year 2000. #7 Despite what the mainstream media would have us to believe,
the truth is that the percentage of working age Americans that are employed is
not increasing. Back in March 2010, 58.5 percent of all working age Americans were
employed. In March 2011, 58.5 percent of all working age Americans were
employed. In March 2012, 58.5 percent of all working age
Americans were employed. So how can Barack Obama and the mainstream media
claim that the employment situation in the United States #8 Back in 1950, more than 80 percent of all men in the United States less than 65 percent of all men in the United States have jobs. #9 In 1962, 28 percent of all jobs in America 9 percent of all jobs in America were
manufacturing jobs. #10 In some areas of Detroit, Michigan you can buy a
three bedroom home for just $500 . #11 According to one recent survey,
approximately one-third of all Americans
are not paying their bills on time at this point. #12 Since Barack Obama entered the
White House, the price of gasoline has risen by more than 100 percent . #13 The student loan debt bubble
continues to expand at a very frightening pace. Recently it was announced
that total student loan debt in the United States has passed the one trillion dollar
mark …#s14-25…’ , The Truth About
Egan-Jones ZeroHedge.com
Durden 4/27/2012 ‘biased The
Sell-Side Take On The Tepid GDP Growth , Art
Cashin On The Fed, The Election, And The Collapse Of The Euro , Michael
Krieger On The Rebirth Of Barter China is preparing to avoid U.S. sanctions
on Iran by paying for oil with gold. Not only that but, as Forbes
contributor Gordon Change also mentions, China has already been
bartering with Iran to get a hold of petroleum using among other goods, Chinese
washing machines, refrigerators, toys, clothes, cosmetics, and toiletries. The
barter trade works, but Iran the leadership in America In a similar move on a more micro level, the government
of Spain .
How do you think citizens are going to respond to this? People are already
in the streets. Everything is going to go black market and to a
barter system. It will happen country by country as governments get increasingly
desperate and the authoritarian clamp down continues. It will happen on
an increasing level until all of these house of cards bureaucratic states fail
and something new is reborn - just as we
noted in a small town in Greece recently . , Eric
Sprott: "When Fundamentals No Longer Apply, Review the Fundamentals"
, Robert
Wenzel's 'David' Speech Crushes Federal Reserve's 'Goliath' Dream In
perhaps the most courageous (and now must-read) speech ever given inside the
New York Fed's shallowed hallowed walls, Economic
Policy Journal's Robert Wenzel delivered the truth, the whole truth, and
nothing but the truth to the monetary priesthood. Gracious from the start,
Wenzel takes the Keynesian clap-trappers to task on almost every nonsensical
and oblivious decision they have made in recent years. "My views, I suspect, differ from beginning to
end... I stand here confused as to how you see the world so differently than I
do. I simply do not understand most of the
thinking that goes on here at the Fed and I do not understand how this thinking
can go on when in my view it smacks up against reality ." And further..."I scratch my head that somehow your conclusions
about unemployment are so different than mine and that you call for the
printing of money to boost 'demand'. A call, I add, that since the founding of
the Federal Reserve has resulted in an increase of the money supply by
12,230%." "Let’s
have one good meal here. Let’s make it a feast. Then I ask you, I plead with
you, I beg you all, walk out of here with me, never to come back. It’s the
moral and ethical thing to do. Nothing good goes on in this place. Let’s lock
the doors and leave the building to the spiders, moths and four-legged
rats.", IceCap
Asset Management: 1982 And Secular Bull Market Bias While many will
remember 1982 for its disco and the movie E.T., it is perhaps best known by an
investing public as the end of a 16 year secular bear market. The 10% decline
from 1966 was better, however, than the 38% loss from 1937 to 1941 and the 80%
loss from 1929-1932 but together this triumvirate make up the secular bear markets.
Luckily, as IceCap's Keith Dicker notes, for most of the investment industry
they can gloss over these extended loss periods and instead focus on the
long-run secular bull markets (cue Jeremy Siegel). However, he points out that
unknown to many and ignored by the rest, "we are in the
middle of another long and dragged out Secular Bear Market which has seen
investors lose 7% since the year 2000 - that's 12 years of hopes for
nothing."
Understanding secular markets and how they transition from BULL to BEAR is
perhaps the most rewarding investment perspective you won’t hear from anyone
else. While financial markets continue to yo-yo with our retirements, the truth
is, the next Secular BULL Market is not quite ready to perk its head up
just yet as
Dicker addresses P/E ratios during inflationary and deflationary periods
summing up his view of the world rather succinctly: " As
central banks continue to bail out banks and countries, they implicitly create
an investment culture whereby failure is rewarded and success is taxed to
reward those who failed. " , Breaking
Point: The End Of The Cheap Energy Economy , Richard
Koo On The Three Problems With Bullish Speculation On Europe , Jim
Quinn Explains Why We've Never Left The Recession It is three and a half
years since the Great Recession hit in 2008 with the collapse of our financial
system caused by the Wall Street banks and their captured politician cronies in
Washington D.C. Their mouthpieces in the mainstream media have been telling the
American sheeple that we have been out of recession and in recovery since the
4th quarter of 2009. It truly has been a recovery for the Wall Street bankers
and the mega-corporations that have laid off millions and opened new factories
in the Far East while generating record
profits and rewarding their executives with millions in bonuses. The stock
market has doubled from its 2009 lows. All is well on Wall Street – not so much
on Main Street US
Companies Are Furiously Creating Jobs... Abroad , Europe
Ends Week Green But Notably Red On Month ,
Spanish
Economy Crumbles: Unemployment Nearly 25% ,
Big GDP
Miss: 2.2% Vs Expectations Of 2.5%, Composition Even Uglier , Chart
Of The Day: Change In Q1 American Debt And GDP Presented without much
commentary, because little is necessary: the only ratio that matters for the US
economy, the change in US public debt ($359.1 billion) and US GDP ($142.4) in
the first quarter, hit 2.52x and rising. It takes $2.52 in new
debt to "buy" $1 of economic "growth" ,
Guest
Post: The New Drug of Choice In The White House, Federal Reserve and Treasury:
Delusionol (tm) 4-26-12 84%
of All Stock Trades Are By High-Frequency Computers … Only 16% Are Done By
Human Traders Washington’s Blog |
As of 2010, 50-70% of all stock trades were done by high frequency trading
computer algorithms.[ Churning / earning without regard to learning! That money
has to come from someplace; hence, the horrendous economy and jobs picture! ] ,
Forrester: Apple is Entering a Long Decline Damon
Poeter PC Magazine ‘ At least one analyst is bucking the trend
of gushing over Apple. Forrester Research chief executive George Colony laid
out his case in a blog post Wednesday for why he thinks the company will start
looking like just another tech .. ‘ [
As much as I like Apple, my first computer, and am glad they survived in a big
way, I’m constrained to agree. Moreover, and I can’t prove this, I believe
there to be some ‘soft’ stimulation of the heavily weighted, more bang for the
buck, Apple stock by way of subsidized purchases. Remember those $275,000 per
car government purchases, and the $278,000 cost per stimulus job? What’s $500
per ipad or iphone, etc., to a nation hopelessly, insurmountably indebted to
the tune of $211 trillion, especially in their election year desperation. This
should in no way be construed as a slight to Cook; but rather, just the reality
there’s a limit to what one’s willing to pay for fairly common utility. That
said, I’d still buy an IPad since, as with the ipod and the simple technology
involved, amazingly, ultimate competitors as, ie., microsoft with zune, etc.,
didn’t measure up at all! I think the IPhone’s totally underwhelming! Contrary
to the tenor of the article, I believe charisma has nothing whatsoever to do
with the inevitable decline ahead; and, not just Apple. Moreover, I believe
Apple’s success is a testament to the pathetic state of american/global
technology generally, and the somewhat ‘curious’ state of the consuming public.
The only really ‘big thing’ has been the internet. And, given time, they’ll
mess that up as they’re so desperately trying to do with all forms of
censorship and constraints; just ask Timothy Berners-Lee Inventor of World Wide Web Savages Government’s Big
Brother Plans http://albertpeia.com/bernersleeantibigbrotherwebintrusion.htm
] , The
Family Farm Is Being Systematically Wiped Out Of Existence In America http://albertpeia.com/familyfarmwipedoutinamerica.htm
, Dave’s Daily: http://www.etfdigest.com Europe
(Eurozone confidence 92.8 vs 94.2) pointed to contraction… Volume was
unimpressive once again as we enter end of month window dressing while breadth
per the WSJ was positive once again…’ , Bill
Gross On Europe's Dysfunction And US Double-Dips Durden (ZeroHedge.com) , S&P
Cuts Spain to BBB+, Outlook Negative , Student
Loan Debt Slaves In Perpetuity - A True Story Of "Bankruptcy Hell"
, BoJ
Eases. Einstein Rolls Over In Grave Einstein's definition of insanity
by doing the same thing over and over again expecting a different outcome , Memo
To Draghi: We, The People, "Don't Trust You One Inch" , Jim
Grant On The Monetary Priesthood's "Atlas Complex" , Guest
Post: Social Security Has A Real Problem , Amazon
Surges After Hours On After-Tax Accounting Gimmick, Cash Burn, Collapsing
Margins, And Negative Guidance , Market
Meltup Meets Non-Farm-Payroll Resistance , When
Did Austerity Become A 4 Letter Word? Suddenly, everywhere you look,
“austerity” has become a 4 letter word. Clearly it wasn’t excessive
spending that caused too much debt. (This is sarcasm which ‘Durden’
doesn’t do that well and doesn’t become him:) Surely we didn’t hit a financial
crisis in spite of excessive spending (and huge, still extant wall street frauds
yet unprosecuted), nope, it is all the fault of austerity…’ , Project
'End-Up-Like-Japan' Continues , Of
Disasters Natural And Keynesian The symbiosis between the Keynesian
expansion of the economy and the growth of suburbs in US cities has been ably
discussed by Beauregard (2006). Sprawl was driven by the flow of money, the
"American dream" of owning a home in the suburbs, and facilitated by
the widespread ownership of cars. The suburbs were designed with cars in mind.
The growth of suburbs fulfilled two roles. Lots of houses were available for
new buyers, which kept prices down; and city governments discovered that
developer's fees and the new land taxes initially exceeded the maintenance cost
of the new roads and infrastructure built to support them,. Unfortunately, as time
passed and the infrastructure aged, soon maintenance costs exceeded tax
revenues, necessitating another round of growth . Suburbs were able to
maintain the required level of growth for a few decades, but we are reaching
the point everywhere (it seems) where there cannot be enough new growth to
maintain our crumbling infrastructure. The mindset of the "ownership
society" really drove demand for housing, and the best places to expand
were in the southwest, so that cities like Phoenix
and Las Vegas bubble in house prices and
an explosion of sprawl. The Austrian school of
economics teaches us that easy money leads
to malinvestment. Suburban growth certainly seems to qualify. Our urban sprawl
malinvestment has left us with the interwoven problems of unlivable cities,
financial crisis, and increased death and destruction from natural disasters. ,
Houston,
We Have A Coupling: US Macro Data Worst In Six Months Confirming the lack
of decoupling in major developed economies (which we
noted yesterday ), US macro data (as tracked by Citigroup's ECO Surprise
Index) has turned negative for the first time in six months. Having trended
lower (i.e. missed expectations to the downside) for much of the last few
months, this shift now puts aggregate US macro data in the deteriorating case
and infers considerable risks of downside to equity prices in the next three
months (Corporate insiders know this and are already selling like mad!) , Consumer
Comfort in U.S. Falls by the Most in More Than a Year USAGold(Bloomberg) — Consumer confidence in
the U.S. dropped last week by the most in more than a year as perceptions of
personal finances and the buying climate dimmed. The Bloomberg Consumer Comfort
Index fell to minus 35.8 in the period to April 22 from minus 31.4 the previous
week, the biggest decline since March 2011. A gauge of the buying climate
decreased to a two-month low, and a measure of household financial wherewithal
fell by the most since September. PG
View KC
Fed index today too, seems to fly a bit in the face of Bernanke’s rosier
outlook from yesterday.
4-25-12
5
New Lies That The Federal Reserve Is Telling The American People http://albertpeia.com/5newliesbythefed.htm
http://albertpeia.com/fraudulentfedhasfailed.htm { Yes, it’s really rather incredible, even
astounding, that people even listen to, much less believe the proven lies,
wrong information, disinformation that bespeaks fraud/deception/cover-up and at
best, total incompetence. Don’t they realize they’re being scammed in a very
big way; particularly, with an election year predisposed pro-wobama
obfuscation? Bernanke is a total fraud. He is totally incompetent! As I wrote,
infra, as comment to Dave Fry’s Summary:
the same helicopter ben who forecast no recession and whose QEs have
helped no one but the frauds on wall street, with fake numbers on what is in reality
much higher inflation, unemployment, etc., for obfuscation – you cannot solve a
problem without admitting there is one, let alone failing to identify the
problem; and with america’s insurmountable debt and debased Weimar fiat paper
currency over-printing, that huge extant problem is substantially exacerbated.
{ Britain
slides back into recession AFP UK
Economy Double Dips For First Time Since 1970s Durden
} ] { Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ Prelude To Meltdown [ Now we know the reason
for bernanke’s pro-wobama politicking: Reuters:
Romney would boot Ben... ‘The Federal Reserve says that everything is going to be okay. The
Fed says that unemployment is going to go down, inflation is going to remain
low and economic growth is going to steadily increase. Do you believe
them this time? As you will see later in this article, Federal Reserve
Chairman Ben Bernanke has been dead wrong about the economy over and over
again. But the mainstream media and many Americans still seem to have a
lot of faith in the Federal Reserve. It doesn't seem to matter that
Bernanke and other Fed officials have been telling the American people lies for
years. As I always say, most people believe what they want to believe,
and many people seem to want to have blind faith in the Federal Reserve even
when logic and reason would dictate otherwise. The truth is that things
are not going to be getting much better than they are right now. When the
next wave of the financial crisis hits, the U.S. http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm
http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm
, Dave Fry: ‘Did you know during the 2008 bear
market nearly 50% of earnings reports beat estimates.’ Dave’s Daily: http://www.etfdigest.com substantially exacerbated}. ‘Inflation
doesn’t exist and weather is what drove economy higher early in the quarter and
lower recently. You need not know anything else.
Durable Goods Orders (-4.2% vs -1.5% expected & prior 1.9%) sank to the
lowest level since (gulp) 2009. But Ben would probably attribute this to the
weather I guess since markets didn’t care. The transportation component plunged
a monthly 12.5 percent in March after rising 1.8 percent the month before.
Subcomponent weakness was led by a 47.6 percent plunge in new orders for
nondefense aircraft (Boeing orders). Defense aircraft increased 15.5 percent
while motor vehicles edged up 0.1 percent.The focus was on Apple and Ben which
both produced a tsunami for tech to surf on and the rest of the market just
sort of tagged along. And the Facebook IPO is just around the corner. And
interesting article
from Time magazine reflects how frustrating hot IPOs can be with a quote
from yours truly.News from the eurozone was positive for some corporate
earnings and stocks rallied there with Apple as well. Eurozone political news
was quickly pushed to the background.“As you were”, was a common command for
soldiers and this was sort of the feeling one gets
from recent market action. Apple is more than just okay and Ben is both
optimistic and ready to print if necessary. So let’s just go back a few weeks
than shall we? Gold (GLD) was lower early but just as Ben uttered the QE
threat/promise the metal rallied immediately. Bonds (IEF) and the dollar (UUP)
were weaker in price and commodity (DBC) markets were also stronger with Ben’s
QE comments.Earnings are generally beating much lowered estimates which is par for the course. Did you know during the 2008 bear
market nearly 50% of earnings reports beat estimates. This game continues.
Volume was modest especially given the dynamic news background. Breadth per the
WSJ was positive…’ , Overnight
Sentiment: Overbought, Underconfident Durden 4-26-12 , European
Confidence Tumbles To November 2009 Levels, Euro-Wide Double Dip Inevitable
4-25-12 , Germany
Folding? Europe's Insolvent Banks To Get Direct Funding From ESM , There
Goes Greek GDP: Nazional Lampoons Greek Vacation Just Got Cancelled , NASDAAPL
Explodes Most In 4 Months As Volatility Implodes , Gundlach
Explains Biflation For The Cheap Seats Appropos Bernanke's razor's-edge
tight-rope-walk fence-sitting as the not-too-cold-not-too-hot economy
reduces the Fed's ability to do anything, Jeff Gundlach of Double Line provided
a succinct explanation of the the 'uncomfortable position' the place-of-confusion
Fed finds itself in. Simplifying the dilemma to: the Fed
cannot raise rates as the dramatic implications for the huge debt load (and
implictly the interest expense saving the budget deficit) of the US Government
are untenable
while at the same time inflation (in the things we need - not just want) is
rising notably…’ , Which
Came First - The Spending Or The Debt? ,
Just
As Predicted, Initial Claims Miss Huge, Yet Magically Improve Durden Recall what
we said less
than an hour ago : "what will most likely happen is a print in the mid
to upper 380,000s, while last week's number will be revised to a 390K+ print,
allowing the media to once again declare that the number was an improvement
week over week. In other words, SSDD." SSDD it is: last week's 386K number
was revised to 389K, meaning the massive miss relative to expectations of 370K
last week just got even worse. This is the 10th week in
a row of misses to the weaker side and the 16th of the last 18. And while
this week's miss was whopping as usual, with expectations of 375K being soundly
missed after the print came at 388K on its way back to 400K, the media can
sleep soundly because the absolute lack of BLS propaganda means that the
sequential progression is one of, you got it, improvement. In other words here
is what the headlines in the Mainstream Media will be: "Initial claims
improve over prior week." In fact here it is from Bloomberg: "U.S. Just endless laughter
at the desperation. , What
Costs How Much, Where? Presenting The "Apple Index" 4-25-12 , March
Durable Good Implode, Worse Than Lowest Wall Street Forecast And Biggest Drop
Since January 2009 , FOMC's
Bag Of Tricks Is Empty... For Now - Full Statement Redline The
United States Has Plenty Of Oil: 10 Facts About America's Energy Resources That
Will Blow Your Mind http://endoftheamericandream.com
http://albertpeia.com/10factsaboutamericanenergyresources.htm
[ Well , first off, since we’re only talking
decades at best, I agree the alarmist propaganda is all for naught. Yet, make
no mistake, those who equate shale oil, deep water oil, etc., with that close
to the surface, easily recovered, ie., sweet crude,
are as misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the
rage’. Firstly, in hollywood (oh yeah, we’ve seen
them digitally land on asteroids, planets as in Avatar, etc., with ease and
without a hitch), they don’t keep books the way other businesses do, at least
on the creative end, viz., ie ., Cameron. And, what do
you expect a former pilot to say, etc.? As an example of ‘fuel price makes a
difference’, anyone who thinks american airlines among
others went bankrupt because they’re so horribly managed or because they felt
like strategically avoiding their debt would be mistaken. For airlines it’s all
about fuel costs and load factors, capital intensive that they are, and pennies
literally do make a difference. Costs of extraction make a difference. Oh sure,
there’s loads of oil. It’s all about the costs of getting it. Peak oil really
has been reached in terms of ‘easy pickins ’. Some
even argue/document persuasively that current reserves of the ‘easy pickins ’ are over-stated.
] 4-24-12 22
Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial
Markets http://albertpeia.com/22redflagsofdoomforglobalfinancialmarkets.htm
‘If you enjoy watching financial doom, then you are quite likely to really
enjoy the rest of 2012. Right now, red flags are popping up all over the
place. Corporate insiders are selling off stock like there is no tomorrow,
major economies all over Europe continue to implode, the IMF is warning that
the eurozone could actually break up and there are signs of trouble at major
banks all over the planet…’ , The
Bundesbank’s in Hot Water… Will It Take the Heat or Throw the ECB Under the
Bus? April 24, 2012 By gpc1981 http://albertpeia.com/bundesbankinhotwater.htm
..European financials have in fact wiped out
all of the gains produced by LTRO 2 in just one month’s time. Small wonder.
When we take a big picture perspective of Europe ,
the entire banking system is a disaster waiting to happen. Consider the
following: *According to the IMF, European banks as a whole are leveraged at 26
to 1 (this data point is based on reported loans… the real leverage levels are likely
much, much higher.) These are a Lehman Brothers leverage levels.*The European
Banking system is over $46 trillion in size (nearly 3X total EU GDP). *The
European Central Bank’s (ECB) balance sheet is now nearly $4 trillion in size
(larger than Germany Germany Merkel’s
Back is Against the Wall… Time for Germany’s “Plan B”? April 23, 2012 By gpc1981 http://albertpeia.com/germanyplanb.htm , Dave’s Daily: http://www.etfdigest.com Apple Beats,
Guides Lower Durden 4-24-12 , Steve
Keen On Europe's Delusion And Why The Entire World Is Turning Japanese , Guest
Post: Charles Krauthammer Mourns Over NASA Cuts, I Celebrate Leading
neoconservative (read “closet
Trotskyite “) commentator Charles Krauthammer’s latest Washington Post
editorial…’ , Biderman
Bets Against A Better Europe , Now
We Know Where All The Greek Bank Deposits Have Gone Draining your banking
system dry of deposits and loans is no easy task, and yet the Greeks sure have
succeeded. , SEC
Emerges From Carbonite Deep Freeze, Sues Egan-Jones … Somewhere Jon Corzine
is cackling like a mad cow. , Mad
Cow Slaughters Cattle Bulls As Animal Spirits Doused , Guest Post:
What Data Can We Trust? , G-10
Macro Data Plunges To Worst In Six Months, Turns Negative , Immigration
and the Housing Quagmire : testosteronepit 04/24/2012 A multi-decade trend reversed. , Security
Experts: CISPA Not Needed, Would Do More Harm than Good George Washington 04/24/2012 Government On the Verge – Yet Again – of Doing
Something Which Causes More Harm Than Good , Guest
Post: What Happens When All The Money Vanishes Into Thin Air? Durden , The
US Has Finally Done It: Mexican Immigrants Become Emigrants , Case
Shiller Misses Expectations, Unadjusted Home Prices Lowest In A Decade http://albertpeia.com/caseshillerhousingchart42412.jpg , Cost
of Spain’s Housing Bust Could Force a Bailout usagoldnews , Soros
Compares Euro-Zone Crisis With Soviet Collapse , US home
prices drop for 6th straight month http://albertpeia.com/caseshillerhousingchart42412.jpg
4-23-12
Graham
Summers’ Weekly Market Forecast (Here Comes Spain Edition) 4-23-12 By gpc1981 [ http://albertpeia.com/spainpain.htm ] ‘As expected Francois Hollande won the
first round of the French elections. He and Nicolas Sarkozy will run against
each other in the second round, which will occur on May 6th.The Euro isn’t
taking this news well. As I write this Sunday night the Euro currency futures
have gapped down. I’ve added this move to the chart below.130 remains the line
in the sand for the Euro. If we take it out with conviction then we’re in BIG
trouble.I believe we’re at most a month or so away from this. Spain Spain Greece ,
(which has its own elections, which could go very wrong for the EU, on May 6th
by the way), Spain Dave’s Daily: http://www.etfdigest.com Netherlands France th will work out. If
Sarkozy loses and the socialist Hollande wins then the financial alliance for
the EU between France and Germany China U.S. Guest
Post: Where’s The Crisis? Durden 4-23-12 The thing about GDP, is that it
doesn’t really measure wealth creation, or the size of the economy. It measures
a derivative of that: money circulation. If Congress passed a law saying that
everyone in America had to smoke meth (hey, if you can mandate the purchase of
health insurance, why not mandate drug consumption in the name of increasing
GDP?) and gamble all their disposable income on horse racing, GDP would almost
certainly improve. And that’s growth, right? Except it isn’t. Real growth comes
from innovation, productivity, imagination, and hard work. You can attempt to
quantify it, but there is no easy catch-all number that will give you a quick
and simple insight. , Gold
Outperforms As Stocks Suffer From Wal-Mart's 'Sinko-De-Abril' , NFLX
Beats But Guidance Stuns Stock -19% From Friday's Close, Margins Implode , Scam Trek
Caption Contest http://albertpeia.com/scamtrek.htm , Global
Systemic Risk At 3 Month Highs In a little over a month, the risk of
the 30 most systemically important global banks has jumped an impressive 45% . At 235bps, the FSB30 stands just
shy of the peak levels that were seen in the initial March 2009 crisis moment -
though remains below Q4 2011 peak crisis levels. Perhaps, despite all the
protestations of 'zee stabilitee', self-sustaining record-profit-margin-driven
recovery, and Chinese soft-landing, the vicious circles of austerity in Europe
(and perhaps the US Rosenberg
Roasts The Roundtable Of Groupthink http://albertpeia.com/grantham.htm
here http://albertpeia.com/grantham.htm
), David Rosenberg enjoys even
more linguistic flexibility than even us. Case in point, his just released
trashing of the latest Barron's permabull groupthink effort titled " Outlook:
Mostly Sunny ."
And just as it so often happens, no sooner did those words hit the cover of
that particular rag, that it started raining, generously providing material for
the latest "Roasting with Rosie." , Guest
Post: Gasoline Is Expensive - Deal With It
, Think
The US Student Loan Bubble Is Bad? You Ain't Seen Nothing Yet , US
Welfare State To Run Out Of Cash Sooner Than Hoped For Headlines via
Bloomberg:
*MEDICARE COSTS RISE 5 PERCENT TO $549 BILLION
IN 2011 :UNH US *LONG-TERM PROJECTIONS FOR MEDICARE WORSEN,
TRUSTEES SAY :UNH US *HOSPITALS TO FACE MEDICARE PAYMENT CUTS IN
2024, U.S. *TRUSTEES SAY FUND TO RUN OUT THREE YEARS
EARLIER THAN PREDICTED
Durden
Juxtaposing the market's recent movements, Nigel
Farage's 'when-not-if' perspective on the end of the Euro, Weidmann's concerns,
and now ECB's Noyer stunning
self-delusion
*NOYER
SAYS STEPS TO EXIT EURO CRISIS BEGINNING TO BEAR FRUIT *NOYER: BANK FUNDING, MONEY MARKET
CONDITIONS ARE MUCH BETTER *NOYER: RECENT EXCEPTIONAL STEPS LET
BANKS, GOV'TS STRENGTHEN *WEIDMANN: RENEGOTIATION OF AUSTERITY A
'BLOW TO CREDIBILITY'
is more than some can bear. As Mr.Farage notes, in
the face of the rapidly deteriorating situation in Europe ,
Barroso and his colleague's
ever-smiling perspective on the Euro, "look ridiculous" "delaying fiscal consolidation may lead to
greater risks" rises-up
votes to 'deny' austerity.
Durden
One scene from the movie Titanic depicts a lounge in
one of the upper class quarters of the ship as it slowly sinks beneath the
waves. Notwithstanding the vessel
listing alarmingly, a motley band of toff revelers are determined to go out in
the finest style. one may be doomed, but one can still party on increasingly
desperate politicians are doing increasingly desperate things ironic triumph of the Keynesians
means that, in trying to save the economy, our central bank may end up
destroying it completely by means of the printing press
Guest
Post: The Future Is Unknown, But We Know The Unsustainable Will Implode ‘… we do know two very important
things: 1) that which is unsustainable will implode, and 2) the present Status
Quo is unsustainable. That ultimately leaves us with a single
question: what are we going to do about it? In my view, it's not important that
we agree on solutions--agreement would in fact be a catastrophe, for dissent
and decentralization are the essential characteristics of any sustainable
"solution." What is important is that we realize the future boils
down to a simple choice: do we passively comply with the Status Quo feudalism
or do we resist?.... That is the false choice provided
by the Status Quo : do you want to buy/sell/drink sugar water or saccharine? There
is another choice : do we want to passively self-destruct in servitude to the Status Quo
or do we want to join those with a positive vision for the future? Every act is
a choice, and the future is in our hands.’ 4-20-12
Spain is Greece… Only Bigger and
Worse April 20, 2012 By gpc1981 http://gainspainscapital.com
Spain on the Precipice http://albertpeia.com/spainontheprecipice.htm ‘On the Surface, Spain’s debt woes have many things in
common with those of Greece:1)Bad age demographics 2)A toxic bank system However, you’ll note that as we tackle each
of these, Spain is in fact in far worse fiscal shape than Greece.Currently
there is one person of non-working age (65 or older) for every four people of
working age (15-64) in Spain. This is expected to worsen to one person of
non-working age for every three two Spain Spain
would need to have 250% of its GDP sitting in a bank account collecting
interest forever in order to meet its
unfunded liabilities without raising taxes or cutting government outlays .That, in of itself, is bad news for
Spain. But Spain Spain US
in relative terms, Spain Dave’s Daily: http://www.etfdigest.com Japan
admitted this gesture (thank you America Europe ’s second largest economy
don’t expect much in the way of austerity and reform. That’s not on any
socialist’s agenda. Also the IMF has secured some “pledges” from BRIC countries
for some contributions. Brazil Argentina ’s Fernandez de Kirchner will pledge
the minority balance of Spain NSA
Whistleblower Speaks Live: "The Government Is Lying To You" Durden
http://albertpeia.com/nsawhistleblowerspeaks.htm Just a month ago we raised more than a
proverbial eyebrow when we noted the creation of the NSA's Utah Data Center
(codename Stellar Wind) and William Binney's formidable statement that "we
are this far from a turnkey totalitarian state" . Democracy
Now has the former National Security Agency technical director whistleblower's
first TV interview in which he discusses the NSA's massive power to spy on Americans and
why the FBI raided his home. Since retiring from the NSA in 2001, he has warned
that the NSA’s data-mining program has become so vast that it could
"create an Orwellian state." Today marks the first time Binney has spoken on
national TV about NSA surveillance. Starting with his pre-9-11
identification of the world-wide-web as a voluminous problem since the NSA was
'falling behind the rate-of-change', his success in creating a system
(codenamed Thin-Thread) for 'grabbing' all the data and the critical 'lawful'
anonymization of that data (according to mandate at the time) which as soon as
9-11 occurred went out of the window as all domestic and foreign communications was now
stored (starting with AT&T's forking over their data). This
direct violation of the constitutional rights of everybody in the country was
why Binney decided he could not stay (leaving one month after 9-11) along with the
violation of almost every privacy and intelligence act as near-bottomless
databases store all forms of communication collected by the agency, including
private emails, cell phone calls, Google searches and other personal data…’ , NASDAPPL
Crumbles Amid Sideways Volatile Week , Guest
Post: Presenting The US Government’s Infographic Of Its Own Insolvency http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/04/20120420_info1.png , Does The I In IMF
Stand For Idiot? , Guest
Post: The Market's Getting A Wedgie , FoodStamp Nation
First and foremost, there are 46.5 million Americans in the
program as of
the most recent information available (January 2012), comprising 22.2 million
households. That’s 15% of the entire population , and just over 20% of all
households. Moreover, despite the end of the official “Great Recession”
in June 2009, over 10 million more Americans have been accepted into the
program since that month, and the year-over-year growth rate for the program is
still +5%. , Guest
Post: Why The Left Misunderstands Income Inequality , Europe Is Now Red For
The Year A sea of red is flowing from European equity markets and it seems
they are unable to stem the flow as IBEX (the Italian Spanish
equity index) nears March 2009 lows (down 18% YTD)…’ 4-19-12 Chimps
Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting
Your Money http://albertpeia.com/whydochimpslikeobamasthrowpoop29waysgovernmentwastesmoney.htm , http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm , No
Housing Recovery Until 2020 In 5 Simple Charts http://albertpeia.com/nohousingrecoveryuntil2020in5charts.htm
Durden , The
Mother Of All Infographics: Visualizing America's Derivatives Universe http://albertpeia.com/usderivatives221trillionof707trillionglobal.htm
, Fasten
Your Seatbelts: High Frequency Trading Is Coming To The Treasury Market [ http://albertpeia.com/highfrequencytradingcomingtotreasuries.htm Once again, irrationality and scammed obfuscation rule the day as this
is all about manipulated low volume melt-up and churn-and-earn
commissions/premiums at lightning computerized speed; and once again, to
reiterate, there’s no free lunch and, ultimately those churned monied
commissions/premiums, a net negative in real economic terms going into their
pockets has to come from someplace; viz., ultimately your pockets, one way or
another.] , Forget
Today’s Bond Auction, Spain is an Absolute Disaster http://gainspainscapital.com , Dave’s Daily: http://www.etfdigest.com INVESTORS FACE A WEEK OF WHIPSAWS 4-19-12
‘Stocks didn’t like earnings news and economic data overall. In the eurozone, Spain France America Yet
Another Exponential Chart... And A Different Spin On "Keynesianism"
Durden , Sprott
On Biderman On Paper Vs Physical Gold , Forget
'5 Minutes To Midnight', We Are 'An Inch From War' , Guest
Post: Floating Exchange Rates - Unworkable And Dishonest , Volume
Explodes As S&P Loses 50DMA Again , Gravitation
Returns As Apple Falls, Drags Everything With It , Italy
Jumps On Nationalization Bandwagon: Tax Police "Seizes" 20% Of Second
Largest Domestic Insurer , "Utter,
Utter Piffle" - Albert Edwards Lashes Out At The Media's China Groupthink
Oh, the ignominy of thinking that China's widening of the Yuan trading band was
anything other than uber-bullish and indicative of as soft a landing as can be
imagined as the mainstream herd guaranteed no hard landing massive
over-confidence in the ability of the Chinese authorities to achieve a soft
landing widened the trading band suggests it is now a lot
easier for them to achieve significant devaluation of their currency the PBOC has already devalued
two days-in-a-row US is reaching new records
(seasonally adjusted) and will peak (seasonally unadjusted) just in time for
some temperamental headlines right before the US The
Porn Addicts Formerly Known As The SEC Take Their Vendetta With Egan-Jones To
The Next Level This is so pathetic, it is beyond words:
US SEC EXPECETED TO VOTE ON POSSIBLE CHARGES
AGAINST RATING FIRM EGAN JONES ON THURSDAY - RTRS POSSIBLE CHARGES STEM FROM ALLEGED WILFUL
MISTATEMENTS ON EGAN JONES' REGULATORY APPLICATION WITH SEC - RTRS
If
nothing else, it explains the recent WSJ
hit piece against Egan, just so it can make the public record in the SEC
documentation. In other news, this will surely teach any other rating agency to
downgrade the US not downgrading the US properly filing their
regulatory applications. And now back to midget porn. , The Risk Of 'Hot'
Inflation , The
PIIGS Get to Live Longer : testosteronepit 04/19/2012 While Germans work longer hours and retire
later.... Europe:
denial or misplaced values? RobertBrusca 04/19/2012 It is curious how people hang on the day
to day detail of European debt auctions when logical analysis of the situation
tells you quite clearly that the plight of Europe
is hopeless. Rooting for... Fiscal
Cliff ilene 04/19/2012 No win situation. , Guest
Post: Wages And Consumption Are Both In Long-Term Downtrends , Economic Miss
Trifecta Not Bad Enough For "THE NEW QE" Rumors Durden
Philly
Fed: 8.5, missed source )
New
Orders down from 3.3, to 2.7 Prices
Paid spike from 18.7 to 22.5, but,
just to add confusion to injury following the much weaker claims data,
the Employment index rose from 6.8 to 17.9
Existing
home sales, reported by the inherently conflicted NAR, missed,
Total
housing inventory at the end of February rose 4.3 percent to 2.43 million
existing homes available for sale, which represents a 6.4-month The
national median existing-home price for all housing types was $156,600 in
February, up 0.3 percent from February 2011. All-cash
sales rose to 33 percent of transactions in February from 31 percent in
January; they were 33 percent in February 2011 Single-family
home sales declined 1.0 percent to a seasonally adjusted annual rate of
4.06 million in February from 4.10 million in January
Finally,
Eurozone consumer confidence also missed sliding to -19.8, on expectation
of an improvement to -19.0 from -19.1
Judging by the kneejerk reaction lower, the misses
were not big enough to send the market soaring.’
4-18-12
There
Is Not Going To Be A Solution To Our Economic Problems On The National Level http://albertpeia.com/nonationalsolutiontouseconomicproblems.htm , 16 Reasons To
Move Away From California , Dave’s Daily: http://www.etfdigest.com Spain is more bad Spanish loans and the costs
for propping up banks there is soaring. The Argentine takeover of Rapsol’s YPF is still reverberating throughout markets
there as well. All the news from across the pond wasn’t limited to Spain as the Bank of England
has decided there will be no more QE in the UK this
report from Bloomberg . So, perhaps we’ll now see the effects of saturation
and some folks wanting a new iGadget may be loathe to sign up for a new contract…’ , SF Fed:
This Time It Really Is Different Durden
on 04/18/2012 water-is-wet economic insights San
Francisco Fed may have stumbled on to the cold harsh reality that this
post-great-recession world finds itself in. The crux of the matter, that will
come as no surprise to any of our readers, is credit
and "its central role to understanding the business cycle" . Oscar Jorda then concludes, in a
refreshingly honest and shocking manner that "Any forecast that assumes
the recovery from the Great Recession will resemble previous post-World War II
recoveries runs the risk of overstating future economic
growth, lending activity, interest rates, investment, and inflation ." His analysis, which
Minsky-ites (and Reinhart and Rogoff) will appreciate - and perhaps our
neo-classical brethren will embrace - is that the Great Recession upended the
paradigm that modern macro-economic models omitted banks and finance and this
time it really is different in that the 'achilles heel' of economic modeling -
credit - cannot be considered a secondary effect. His analysis points to
considerably slower GDP growth and lower inflation expectations as he compares
the current 'recovery' to post-WWII recoveries across 14 advanced economies - a
sad picture is painted as he notes " Today employment is about
10% and investment 30% below where they were on average at similar points after
other postwar recessions." , Saudi
Arabia Pumps Record 9.8 Million Barrels/Day In March , central bank anarchy and the rules of the game continue
to change. While earnestly admitting his miss in Q1, on the back of
under-estimation of just how incredibly un-independent central banks are (and
will be proved to be in an election year), the bearded bear goes on to confirm
his view of short term 10% correction in the S&P 500 , a mid-year recovery on Bernanke's
bowing to Obama's pressure, and ultimately back to S&P 500
in the 800pt range (and Dow/Gold to hit 1) . Dismissing the don't-fight-the-Fed
argument with analogies from 2007's 'you have to dance while the music is
playing' and the tick-tick-boom carry trades that so many funds and investors
follow now, he reminds the interviewer and the audience of how quickly all the
trickle of carry gains are lost and then some when the music stops. Must watch
to comprehend how smart money is comprehending the ultimate game theory of
today's central bank largesse and the clear non-self-sustaining recoveries in
global economies. , The
Complete And Annotated "Hollande Victory" Matrix , Guest
Post: Crony Capitalism And The Expansive Central State Crony capitalism arises when an
expansive Central
State The Central State
can then protect crony-capitalist perquisites, cartels, quasi-monopolies and
financialization skimming operations of the sort which now dominate the U.S. Central
State Granting this power to
the State creates a risk that the State itself may become predatory,
supplanting the parasitic elements it was designed to limit. , Italian
Bad Loans Surge To Highest Since 2000, Foreign Deposits Plunge , A
Quick Reminder Ahead Of Tomorrow's Spain Debt Auction The Centre for
European Policy Studies published their own findings this week and they
estimate that the Real Estate accumulated overhang is actually almost $500
billion which equates to 59% of the IMF revised projections for Spain’s GDP.
The EU and the ECB may not mandate that the Spanish banks have to
mark-to-market in the normal fashion but a quick calculation indicates that the
equity of the major Spanish banks is well into the red and past the blood line
of any sustainable position. In my opinion, I would state, that the Spanish
banks are in fact bankrupt and are only still alive given the financial
shenanigans of how Europe allows the numbers
to be calculated. I am well aware that many in Europe do not like to be
confronted with the truth and that the stock market in the United States is so
myopic that they wish to ignore the truth but the numbers are right in front of
your nose if you care to look and reality has a funny way of catching up with
the markets and reminding them one still equals one in the end. I am an
adherent of the Greater Fool Theory and the trick is to let the other guy be
the Greater Fool and not one of us. The “when” is unknowable but the “if” is
behind us now and I suggest great caution. , Guest
Post: Fake Conservatives As Dangerous To Freedom As Obama The campaign of
Barack Obama in 2008 was a perfect example of the propaganda pageant, complete
with visceral slogans like “Hope” and “Change”. After eight years of the
clownish George Bush Jr., when our country spiraled down into a state of
disturbed and vicious adolescence, people were looking for a renewal.
They were looking for a path away from the edge of the abyss. Instead,
they were given a better liar, with a brand new costume. The American
Dream has become harder to sustain since…to say the least. In 2012, what I see
is like a lightning bolt in slow motion. I can sense it branching out
across the sky towards the ground and tearing through our surroundings,
upending everything we know. Both the President and Congress have some of
the lowest approval ratings in history. The question of whether anything
can be accomplished through government has been answered for most people with a
resounding “no”. The citizenry is on the verge of total fury. I wish I
could say that most have abandoned the fleeting hollow satisfaction of choosing
the “lesser of two evils”, but that would not be accurate. , Visualizing
Aubrey McClendon "Rehypothecation" Scheme... And The China Trail
, Back
To Ground Zero: Spanish Bonds Now Red , The True
Cost Of The Greek Bailout Emerges BARROSO SAYS TOTAL GREEK
AID EQUAL TO 177% OF GREEK GDP , Contagion
Returns: France CDS Over 200 For First Time Since January 4-17-12
Dave’s Daily: http://www.etfdigest.com Five
Fundamental Flaws In Dip-Buying Euphoria Durden With S&P futures, and
most notably financials, staging the second overnight opening surge in a row,
we thought it perhaps worth reflecting on five quite concerning fundamental
reasons why dip-buyers (as anesthetized as they have become thanks to central
bank 'protection') could face a tougher time. As Mike Wilson of Morgan Stanley
notes, for those looking for a cause or explanation of recent weakness, feel
free to blame it on the more hawkish Fed minutes, Draghi’s comments that it was
now “up to governments to do the right thing” or the soft US payroll numbers.
After such an uninterrupted run, some kind of correction was inevitable and
simply a matter of timing. The bigger question to resolve is whether this pull
back will look like what we experienced in 2010 and 2011 or end up being more
muted. Obviously, the key variables for this analysis remain growth and
liquidity expectations. The 'payback' that we have been
warned about for such an unseasonably warm winter is upon us (as macro
data surprises increasingly to the downside ) and that is the first flaw in BTFD
logic. Wilson goes on to point out that NFIB small
business hiring intentions have dropped precipitously, GDP growth is weak but earnings
growth is now
catching up (down) to that weakness and for many stocks is rapidly falling
towards zero, we remain in a ' liquidity lull ' as central banks stand on the
sidelines and reflect, and perhaps most worrisome is the rapid deterioration
in the Bloomberg financial conditions index . All-in-all, these sum up to
suggest a greater-than-5% correction is more than likely. , On
The Goldman Path To Complete World Destruction: Mark Carney On His Way To Head
The Bank Of England? Durden ‘…The place? Why the center of the entire
modern infinitely rehypothecatable financial system of course: England, which
may have 1,000x consolidated debt/GDP, but at least it can repledge any asset
in perpetuity thus giving the world the impression it is solvent (no wonder
AIG, MF Global, and now the CME are scrambling to operate out of there). Which
is why we read with little surprise that none other than former Goldmanite, and
current head of the Bank of Canada, is on his way to the final frontier: the Bank
of England.’, Market
Is Long Of Mania In Schizophrenic Terms , Are
Soaring Student Loans The Best Economic Indicator? , Bank
Of Spain Releases Details Of Additional Capital Needs For Spanish Banks , Guest
Post: "All Transactions To Be Conducted In The Presence Of A Tax
Collector" In the terminal collapse of the Roman Empire, there was
perhaps no greater burden to the average citizen than the extreme taxes they
were forced to pay. The tax 'reforms' of Emperor Diocletian in the 3rd
century were so rigid and unwavering that many people were driven to starvation
and bankruptcy. The state went so far as to chase around widows and children to
collect taxes owed. By the 4th century, the Roman economy and tax
structure were so dismal that many farmers abandoned their lands in order to
receive public entitlements. At this point, the imperial government was
spending the majority of the funds it collected on either the military or
public entitlements. For a time, according to historian Joseph Tainter,
"those who lived off the treasury were more numerous than those paying
into it." Sound familiar? , LTROver , Chris
Martenson: "The Trouble With Money" Recently I was asked by a
high school teacher if I had any ideas about why students today seem so
apathetic when it comes to engaging with the world around them. I waggishly
responded, "Probably because they're smart." In my opinion, we're
asking our young adults to step into a story that doesn't make any sense. Sure,
we can can can why Study hard, go to
college, maybe graduate school. And when you get out, not only will you be
indebted to your education loans and your mortgage, but you'll be asked to help
pay back trillions and trillions of debt to cover the decisions of those who
came before you. All while operating within a crumbling, substandard infrastructure.
Oh, and by the way, the government and corporate sector appear to have no real
interest in your long-term future; you're on your own there. Thanks, but no thanks To understand
how our national narrative evolved (or, more accurately, devolved) to
become so unappealing, we have to take an honest look at money. , Repsol
Demands $10.5 Billion From Argentina (And Argentina's Counteroffer) , The
European North-South Divide Is Exploding , “It
Is Incumbent On Every Generation to Pay Its Own Debts As It Goes - A Principle
Which If Acted On Would Save [Half] The Wars" George Washington The Founding Fathers Knew that
Debt-Financed Wars Ruin the Country , Giant
Banks Now 30% Bigger than When Dodd-Frank Financial “Reform” Law Was Passed
, The
Delays Begin: Italy Pushes Back Balanced Budget Target By One Year Durden ,
Best
Day In 5 Months As Europe Soars On Second "Bill Issuance" Catalyst In
One Week , Ben
Bernanke Full Unredacted Frontal Yesterday the Wall Street Journal's Jon
Hilsenrath was kind enough to present to the general public some
515 pages of massively redacted Fed transcripts from the oh so very interesting I’d like first to do the open
market operations, which I hope are not too controversial. [Laughter] (source: page
231 of 513 ) And that, as they say, is that. , Live
Webcast Of Obama Demonizing Oil "Speculators" After Obama's
"fairness doctrine" was roundly rejected by the Senate last night as
the doomed from the beginning Buffett Rule was voted down, Obama needs to find
some more evil villains for society to demonize, and whom to blame for the
failure of central planning, or rather its success in pushing gas prices to all
time highs , Guest
Post: Why the Middle Class Is Doomed The Federal government is
supporting its dependents and its crony-capitalist Elites with borrowed money:
$1.5 trillion every year, fully 40% of the Federal budget. It is in effect filling the gap
between exploding costs and declining income, just like the middle class did
until they ran out of collateral to leverage. The dwindling middle class, now
at best perhaps 25% of the workforce, has been reduced to tax donkeys
supporting those above and below who are dependent on Federal largesse. Fisher
found that this cycle ends in transformational political upheaval . No wonder; even as the class
paying most of the taxes shrinks and is pressured by higher costs, the class of
dependents expands as the economy deteriorates and the super-wealthy Power
Elites continue to control the levers of Central State power. 25
Signs That Middle Class Families Have Been Targeted For Extinction http://albertpeia.com/25signsmiddleclasstargetedforextinction.htm 4-16-12 GOOGLE FOUNDER: WEB FREEDOM
UNDER THREAT… [ Without the Free Web, People Would Have No Idea What’s Really
Going On, Which Is What They’re Shooting For, Which Pre-Web Darkness Has Helped
Cover-up Their Incompetence, Greed, and Corruption Leading To Today’s Debacle.
] ... 'Very powerful
forces have lined up around world'... 25
Signs That America Is A Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm , Tony
Robbins, Ron Paul And Ben Bernanke All Agree: The National Debt Crisis Could
Destroy America http://albertpeia.com/debtcrisisdestroysamerica.htm , Financial
Instability For (Keynesian) Dummies Durden 4-16-12 , With
Europe Broken Again, Sarkozy And Lagarde Are Back To Begging , Tim
Geithner Glitch In The Matrix Special: Will America Become Greece In Two Years
- "No Risk Of That" Geithner
April 2011: Is there a
risk that the United States could lose its AAA credit rating? Yes or no ?” - Tim
Geithner: “ No risk of that.” Geithner April
2012: Q: “ If we don't
deal with these debt problems we are going to be Greece in two years ” - Tim Geithner:
“ No risk of that. ” , Graham
Summers’ Week Market Forecast (Words Are No Longer Enough Edition) April 16, 2012 By gpc1981 http://gainspainscapital.com ‘The markets have entered a very dangerous
environment in which even the usual market props (Fed Presidents calling for
more easing) are being overridden by market concerns for Europe.To whit, last
week, not one, but two one day Guest
Post: When Does This Travesty Of A Mockery Of A Sham Finally End? Durden , Housing
Repenetrates Alleged Bottom As NAHB Index Misses By Most In 22 Months , Dave’s Daily: http://www.etfdigest.com 4-16-12 ‘The more conservative price-weighted
Dow Jones Industrial Average (DIA) rallied led mostly by higher priced
constituents (IBM, CAT, MMM, KO, DD and etc.) Tech and the S&P took a
different path with the former led lower by Apple and the latter with just
about everything else.The early Retail Sales report (.8% vs .3% consensus &
1% previous) was well-received early as even ex-auto & gasoline sales data
was fine. However, the Empire
State report
that China was allowing banks to short sell dollars. Argentina
seized 51% of YPF (majority owned oil & gas producer owned by Spain Repsol ) in true communist third world style. (As if Spain AAPL Plunges
Most In Six Months Durden , Spain Goes Irish
On Regions Slowly but surely, the Spanish authorities are gradually
socializing the rest of the world to the dismal truth that we have been so
vociferously arguing - that their debt levels (or more specifically their
debt/GDP ratios) are significantly higher (explicitly) than their current
official data suggest. Today's news, via the WSJ ,
that the Spanish government may take
over some regions' finances ... Spain's Debt/GDP nearer 135% than its
'official' 68.5%…Spain has lost the trust of financial markets … , Gallup
Finds Obama, Romney In Dead Heat As Daily Tracking Begins, With Independents
Leaning Toward GOP , Santelli On The
Chain Of Insolvency "It's the debt stupid" , Argentina
Default Risk Surges On YPF Nationalization, CDS Approach 1000 bps , The
Nationalizations Begin: Argentina Takes Over Oil And Gas Producer YPF , LTRO
Bank Stigma Widest Since LTRO Announcement , Anyone
Who Bought 10Y Spanish Bonds This Year Is Now Underwater , Guest
Post: Another Empty Obama Promise The extent of Obama’s duplicity continues
to grow apace. And yes — it’s duplicity. If you can’t or won’t fulfil a
promise, don’t make it. From Bloomberg: " Two years after President Barack Obama vowed to eliminate the danger of
financial institutions becoming “too big to fail,” the nation’s largest banks
are bigger than they were before the credit crisis ." And the
hilarious (or perhaps soul-destroying) thing? The size of the banks isn’t even
the major issue. AIG didn’t have to be bailed out because of its size; AIG was
bailed out because of its interconnectivity. If AIG went down, it would have
taken down assets on balance sheets of a great deal more firms, thus perhaps
triggering even more failures. So the issue is not size, but systemic
interconnectivity. And yes — that too is rising, measured in terms of gross OTC
derivatives exposure, as well as the size of the shadow banking system (i.e.
pseudo-money created not by lending but by securitisation) — which sits,
slumbering, a $35 trillion wall of inflationary liquidity ready to crash down
on the global dollar economy. , Liquidity Isn't
Capital , Art
Cashin On The Forgotten Geopolitical Risk , Schrodinger
Economy Chugs Along As Empire Manufacturing Misses; Retail Sales Beat , Soros On
Europe: Iceberg Dead Ahead 4-13-12
Dave’s Daily: http://www.etfdigest.com
‘On some occasions you see equities in a slow death spiral supported
invariably by ZIRP and QE. It’s not a new experience for markets since we’ve
had both factors dominating markets over the past three years. When the
punchbowl is removed we move sharply lower as this seems to be the only support
available. Stocks sell-off on sharply higher volume from both the public and
insiders. Poor economic data (Jobless Claims) then drives Fed governors to the
speaking circuit with hints of QE and further stimulus as Dudley
and Yellen did Thursday, and markets rally. Wash ,
rinse and repeat.Thursday also featured the “rumor” that Friday’s China China Italy America Steinhardt
On The Fed's Failure And The End Of Wall Street As We Know It Durden 4-13-12 low
interest rate 'logic' is not working and "the economy can't gain any zest, can't
gain any vigor" is how Michael Steinhardt describes the crushing of
'widows and orphans' that the Fed has embarked upon. In a Bloomberg TV
interview, the WisdomTree chairman notes the broad 'pall' over the equity
markets (conjuring images of a funeral procession down Trinity Street) pointing
out that there is no reason to be wildly bullish here . Citing Wall
Street's lack of 'spirit' , he questions the entire raison d'etre of efficient capital
transfer as becoming secondary as he rather poignantly asks who has benefited
from Fed's policies "Certainly the banks. But ordinarily you'd say, well,
low interest rates benefit housing. It certainly hasn't benefited
housing."…’ , Why
JPM's "Chief Investment Office" Is The World's Largest Prop Trading
Desk: Fact And Fiction "What Bernanke is to the Treasury market, Iksil
is to the derivatives market" , Egan Jones
Downgrades JPMorgan ‘The iconoclastic rating agency, and fully recognized
NRSRO to the dismay of some tabloids, which just refuses last
Friday , to be followed soon by other rating agencies as soon as US debt
crosses the $16.4 trillion threshold in a few short months, has just done the
even more unthinkable and downgraded Fed boss JPMorgan from AA- to A+.’ , No
Hints Of QE In Latest Bernanke Word Cloud ‘Addressing his perception of
lessons learned from the financial crisis, Ben Bernanke is speaking
this afternoon on poor risk management and shadow banking vulnerabilities -
all of which remain obviously as we continue to draw attention to. However,
more worrisome for the junkies is the total lack of QE3 chatter
in his speech .
While he does note the words 'collateral' and 'repo' the proximity of the words
' Shadow, Institutions, & Vulnerabilities ' are awkwardly close.‘ , Deja 2011 All
Over Again , UMichigan
Confidence Drops For The First Time Since August 2011, Below Expectations -
Drop Not Big Enough , How The ECB
Is Turning Spain Into Greece , Man
Vs Machine: How Each Sees The Stock Market Part 2 , Guest
Post: Don't Believe Every Energy Dividend Story You Hear , "There’s
No Place For Hope On Friday the 13th" - Rout Post-Mortem With Goldman
, Biggest
Weekly Stock Plunge In 2012 As Financials FUBAR'd , Friday Fun
With Financial Fatalism ‘It seemed appropriate, given Europe is hitting the
wall again in its vicious cycle of self-financed self-hypnotizing recovery-less
recovery, to present the 'World Collapse Explained In 3
Minutes' that
so mockingly relates the real state of absurdity we face in today's financial
markets. ‘ , Guest
Post: Irredeemable Paper Money, Feature #451 ‘Unlike under a gold standard,
in paper money the rate of interest is subject to massive volatility.
Sometimes, the government has its way, fueling rising prices and interest
rates. Other times bond speculators front-run the central bank’s unlimited
appetite for purchasing government bonds and the rate of interest falls. We are
now in year 31 (so far) of this latter phase. As the total accumulated debt
increases (feature #450
of irredeemable money is that total debt cannot go down), the effect of a
change in the rate of interest becomes larger and larger. Today, even very
small fluctuations have a disproportionate impact on the burden of debt
incurred at every level, from consumer to business to corporate to government
at every level. To say that this is destructive is a great understatement.
This, rather than the quantity of money, is what people and especially
economists should be focused on …’ , Austerity,
Social Unrest, And Europe's 'Lose-Lose' Proposition , Europe
Slumps With Spain At March 2009 Lows , Americans
Can't Wait For Their Tax Refunds... To Immediately File For Bankruptcy , THe
TiTaNiC SeTs SaiL... : williambanzai7 04/13/2012 "I cannot imagine any condition that would
cause a ship to founder. I cannot conceive of any vital disaster happening to
this vessel. Modern ship building has gone beyond that."--Captain Smith... 4-12-12 Dave’s Daily: http://www.etfdigest.com China Why
The Market Is Praying The Fed Does Not Plug Its Heavy Flow Durden 4-12-12, China
GDP Misses Expectations By A Mile, Rises Only 8.1%, Slowest Pace Since
September 2009 , Was
The SEC "Explanation" Of The Flash Crash Maliciously Fabricated Or
Completely Flawed Out Of Plain Incompetence? , Fed
Doves Send Risk Soaring, Apples Dropping , Largest
US Teacher Pension Fund Underfunding Increases By $9 Billion To $64.5 Billion,
Only 69% Funded , Pick Your
Poison With Barton Biggs , Uneventful
30 Year Auction Breaks 3 Month Trend Of Rising Yields , El-Erian
Breaches The Final Frontier: What Happens If Central Banks Fail? , JPMorgan
Technicals: "The “One Way” Market Rally Since Dec-Jan Is Over" , Guest
Post: Should Corrupt Bankers Face the Death Penalty? { Death penalty? In
this country they’re not even, or just bearly, or just the smallest are
prosecuted; but, yes! } Let’s be clear: financial misdeeds ruin lives. If a
Madoff takes your money and uses it to pay off other investors in a ponzi
scheme, you won’t be able to get it back. If a Blankfein underling issues you
with misleading advice, and then bets against you (creaming himself a nice
profit), you won’t be able to get it back. If a Corzine steals your money and
uses it to bet on the European sovereign debt market, you might not be able to
get it back. You might end up in poverty or worse. You might lose your
children’s college money, your retirement money, or capital you needed for your
business. You might lose your home. So shouldn’t we take a tough line against
financial misdeeds? Shouldn’t tricking and stealing from investors, tricking
and stealing from the public, tricking and stealing from clients carry a heavy
disincentive, like death? Would a
corrupt banker not think twice about their misdeeds if they knew that
apprehension would mean a noose around their neck and a kicked bucket? Max
Keiser — seem to think so. And in China China
4-11-12 GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43% By Mamta Badkar | Business
Insider http://albertpeia.com/shillingsaysstockswillplunge43percent.htm Dave’s Daily:
http://www.etfdigest.com Rome Fargo Europe Will Collapse in May-June April 11, 2012 By gpc1981 http://gainspainscapital.com
http://albertpeia.com/europecollapseinmayjune.htm
, Shilling
Shuns Stocks, Sees S&P At 800 http://albertpeia.com/shillingsaysstockswillplunge43percent.htm Durden 04-11-12 , Goldman
Previews Q2: Sees 150K Jobs Per Month Created, And A Slowing Of The Economy
, Pimco
Takes Record MBS Position Even Higher, Dumps Treasurys , The
Scariest Chart For High Yield Bond Holders , Biggest
Weekly Stock Outflow Of 2012 Proves Retail Is No Longer Dumb Money; And Nobody
Listens To Goldman , Chris
Martenson: "Are We Heading For Another 2008?" { YES! Worse!
Systemic, structural, and long-lasting! } , Global
Systemic Risk Is Rising Rapidly Again , US
Posts Biggest March Budget Deficit In History, Or How The ???? Chart Became The
????+? Chart , The
Anatomy Of A USD-Funding Crisis And The Fed's Global Swap-Line Bailout , The
"Net Worthless" Recovery Hits Peak Marxism , Stocks
Stalled At Post-NFP VWAP As European Banks Resume Freefall , Map
Of The Dead: How To Survive The Zombie Apocalypse , Import
Prices Surge Most Since April 2011 , Guest
Post: Dueling Economic Banjos Offer No Deliverance Americans have been
listening to the mainstream financial media’s song and dance for around four years
now. Every year, the song tells a comforting tale of good ol’ fashioned
down home economic recovery with biscuits and gravy. And, every year,
more people are left to wonder where this fantastic smorgasbord turnaround is
taking place? Two blocks down? The next city over? Or perhaps
only the neighborhoods surrounding the offices of CNN, MSNBC, and FOX?
Certainly, it’s not spreading like wildfire in our own neck of the woods…Many
in the general public are at the very least asking “where is the root of the
recovery?” However, what they should really be asking is “where is the
trigger for collapse?” Since 2007/2008, I and many other independent
economic analysts have outlined numerous possible fiscal weaknesses and warning
signs that could bring disaster if allowed to fully develop. What we find
to our dismay here in 2012, however, is not one or two of these triggers coming
to fruition, but nearly EVERY SINGLE conceivable Achilles’ heel within the
foundation of our system raw and ready to snap at a moment’s notice. We
are trapped on a river rapid leading to multiple economic disasters, and the
only thing left for any sincere analyst to do is to carefully anticipate where
the first hits will come from. Four years seems like a long time for global
banks and government entities to subdue or postpone a financial breakdown, and
an overly optimistic person might suggest that there may never be a sharp
downturn in the markets. Couldn’t we simply roll with the tide forever,
buoyed by intermittent fiat injections, treasury swaps, and policy shifts? The
answer……is no. 4-10-12
Rosenberg
Ruminates On Six Roadblocks For Stocks Durden
‘On this basis, the market as a whole is overpriced
by more than 20% .’ { http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm } , The
Shocking Truth About Unemployment In America In One Chart http://albertpeia.com/shockingtruthofunemploymentinamerica.htm , Bob
Janjuah: S&P At 800, Dow/Gold Ratio Will Hit 1 Before Next Real Bull Cycle
Durden Markets
Are So Rigged By Policy Makers That I Have No Meaningful Insights To Offer "),
is out with his latest, in which he gives us not only his long-term preview,
" ultimately I still fear and expect the S&P500
– as the global risk-on/risk-off proxy – to trade at 800, and the Dow/Gold
ratio to hit parity (currently at 8, down from an all-time high of 45 in late
1999) before we can begin the next multi-decade bull cycle ", but also his checklist of 8
things to look forward to in the short-term centrally-planned future. , Dave’s Daily: http://www.etfdigest.com EUROPE FIXED, NOT FIXED 4-10-12 ‘There are plenty of
Black Swans to trip up markets and bulls. Some are known (eurozone, Iran , China
economic contraction, a purge in China ,
North Korea , Syria Spain
(EWP), Italy (EWI) and Greece leaked
memo U.S. U.S. Revisited:
Three Data Points That Prove Europe Cannot Be Saved April 10, 2012 By gpc1981 http://albertpeia.com/europecantbesaved.htm
I continue to see articles in the media claiming that
Europe’s problems are solved. Either the folks writing these articles can’t do
simple math, or they don’t bother actually reading any of the political news
coming out of Europe . Here are three data
points that GUARANTEE Europe will collapse at some point in the near future: Fact #1: EU Banks as a whole are leveraged at 26 to1.Fact #2: One
Quarter of the ECB’s balance sheet is PIIGS debt Fact #3: Even after all of its
interventions and purchases, the ECB is far too small to contain this mess
(ditto for the Fed) , Is
The Treasury's Imminent Launch Of Floaters The Signal To Get Out Of Dodge? Durden 4-10-12 , Today's
Carnage Through The Eyes Of Goldman , The Era
Of Independent Central Banks Is Over Federal debt has expanded
by $9.5 trillion
- from $5.7 trillion in 2000 to $15.2 trillion at the end of last year and, as
Neal Soss of Credit Suisse notes, is still growing over $1 trillion a year (or $5
billion per day
, Guest
Post: The Return Of Economic Weakness , Stocks
Plunge On Rare Equity-Gold Decoupling , Europe's
Old Nemesis, Illiquidity, Is Back , Artemis
On Volatility At World's End: Deflation, Hyperinflation And The Alchemy Of Risk
, Guest
Post: Calling All Crash Test Dummies: Big Crash Ahead Durden I know,
I know: the stock market will never go down because Ben Bernanke and the other
central bankers won't let it. It's funny how the "Bernanke/European Central Bank
Put" is ranked alongside gravity as a rule of Nature until markets roll
over; then talk shifts from purring adulation of central bankers' godlike
powers to panicky calls for another flood of liquidity/free money to
"save" the market from the harsh reality of global recession. The
crash test dummies know better: they've been called up for a humongous crash.
The basic mechanism that is being overlooked is Liquidity Resistance . This is akin to insulin
resistance, where insulin becomes less effective at lowering blood sugars. The
amount of insulin required to maintain normal blood sugar levels increases as
resistance rises until even massive doses of insulin no longer have the desired
effect and the system crashes. , Carnage
Ala Milanese: Italian Stock Bloodbath UPDATE : *ITALY'S FTSE MIB INDEX SLIDES 5%
and Spanish 10Y at 6% , Exhibit
A: The Market Has Become A Centrally-Planned, Liquidity-Addicted, Temperamental
Abortion , Muppets
Skewered: 10 Year Treasury At 1.999% 10Y Treasuries just broke below 2%
yields for the first time in a month. Was
it just 3 weeks ago that Goldman suggested selling bonds and buying stocks?
, Chinese
Crude Imports Remain At All Time High For Third Month In A Row , Apple: 36% Of
S&P500 Q1 Earnings , LTRO
Failure Full Frontal As Spain 10 Year Approaches 6% Again 4-9-12
We Are Nearing
the End Game of Central Bank Intervention April
9, 2012 By gpc1981 US US
Federal Reserve is now effectively the long-end of the US Dave’s Daily: http://www.etfdigest.com Ga. China Spain U.S. Washington NFP
Big Miss: 120K, Expectations 205K, Unemployment 8.2%, "Not In Labor
Force" At New All Time High Durden March NFP big miss at
just 120K. Unemployment rate declines from 8.3% to 8.2%. Futures slide, for at
least a few minutes before the NEW QE TM rumor starts spreading. The household
survey actually posted a decline in March from 142,065 to 142,034.
Considering Birth Death added
90K to the NSA number, the actual number was almost unchanged. The
unemployment rate drops to 8.2% for one simple reason: the
number of people not in the labor force is back to all time highs: 87,897,000. And as always, as
we predicted when Goldman hiked its NFP forecast yesterday from 175K to
200K saying "if Goldman's recent predictive track record is any
indication, tomorrow's NFP will be a disaster", Goldie once again skewers
everyone. Finally, Joe LaVorgna's +250,000 forecast was just 100% off... as
usual. , IceCap
Asset Management March Perspectives: "I Need A Job" , Guest
Post: Ten Minutes After The Titanic Struck The Iceberg , Is
William Cohan Right That Wall Street "Regulation" Has To First And
Foremost Curb Greed? Durden Now that the world is covered in at least Another
Nail In The Greek Coffin: Cheap, Migrant Workers Are Now Returning Home To
Albania , Union
Pension Underfunding Time-Bomb Soars By 75% In One Year, Nears $400 Billion
, Don't Show
This Chart To The President Durden One can write lengthy essays, op-eds,
and client letters explaining both why the labor force participation rate is
plunging due to innocuous reasons such as everyone over 40 retiring yesterday
full of jouissance and excitement to begin the sunset phase of their lives
using copious life savings earning 0.0001% in interest, or, inversely, why this
is one great big propaganda ploy by the BLS to make Obama look good a few short
months ahead of the pre-election debt ceiling breach, pardon, his re-election
date. We prefer cutting to the chase. Here is today's chart of the day from
BofA, which begs one simple question: when will the two time series recouple,
because recouple they will, and how will America react to the realization it
was lied to for 2% worth of unemployment "improvement"? The chart
says it all. , PBOC
To Defer To Fed On Easing After Inflation Comes In Hotter Than Expected , Goldman
Closes Long Russell 2000 Recommendation At A Loss Durden And so the latest Goldman
recommendation to muppets is now officially a dud. , America: A
Government Out Of Control , 150 Years Of US Fiat
, Spain:
The Ultimate Doomsday Presentation , Guest
Post: There Will Never Be A Failed US Treasury Auction... Until There Is Durden Do
you think the US Delphi decide? If you answer
yes to the above, ask yourself this: how would all of these things be affected
if the average interest rate paid by the US United States of Greece 51
Months After The Start Of The Recession, Here Is The Report Card Durden Recovery?
What Recovery? 4 years after central banks have progressively injected
over $7 trillion in liquidity into the global markets (and thus, by Fed
logic, the economy), and who knows how many trillion in fiscal aid has been
misallocated, to halt the Second Great Depression which officially started in
December 2007, the US "recovery" is the weakest in modern US history!
How many more trillions will have to be printed (and monetized) before the
central planners realize that fighting mean reversion by using debt to defeat
recore debt, just doesn't work? Our guess - lots. 4-5-12
Dave’s Daily:
http://www.etfdigest.com 19
Signs Of Very Serious Economic Trouble On The Horizon http://albertpeia.com/19signsveryseriouseconomictroubleonhorizon.htm ‘ Most Americans have no idea how much economic trouble
is heading our way. Most of them just assume that everything will
eventually "return to normal" just like it always has before and that
those running our economy "know what they are doing" and that we
should trust them to do their jobs. Unfortunately, these beliefs are
being reinforced by the bubble of false hope that we are experiencing right
now…’ , Why
the ECB Expanded Its Balance Sheet By Over $1 trillion in Less Than Nine Months
April 5, 2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/ecbexpandsbalsheetover1trilllessthan9mos.htm , Net
Worthless: People As Corporations Durden US Households haven't
shaken their 'junk bond' credit rating , given their poor income statement and balance
sheet. Reversing Mitt Romney's famous quote "corporations are
people", Bank Of America remains skeptical of this self-sustaining
recovery - expecting second half growth to slow significantly as businesses and
households react to the risk of a major fiscal shock (and in the short-term,
momentum looks unsustainable). From an income statement perspective, 'a
paycheck just ain't what it used to be' with food and energy prices rising and payroll
growth (typically a good proxy for income growth) is disappointingly timid
leaving real disposable income diverging weakly from a supposed job recovery.
The balance sheet perspective has been helped by the rise of the equity market
but the recovery in net worth in the last three years has
barely outstripped income growth , leaving the ratio deeply depressed. The upshot is that the
recent pick-up in consumption is not being fueled by income or wealth gains,
but mainly by drawing down savings. Many households remain deeply
distressed and react to higher costs of living by drawing down savings further . , JPMorgan
Trader Accused Of "Breaking" CDS Index Market With Massive Prop
Position , Q1
Post Mortem Stunners: Full Year 2012 EPS Forecasts Are Down 2% YTD; Apple
Represents 15% Of S&P Rise , Egan
Jones Downgrades USA From AA+ To AA, Outlook Negative
Durden A few weeks ago when discussing the
imminent debt ceiling breach, and the progression of US debt/GDP into the 100%+
ballpark, we reminded readers that in February
S&P said it could downgrade the US again US just downgraded the US Bank
Downgrade Forward Calendar , Today's
Ebay Special - The Country Of Greece , On The Pain In Spain , Nonfarm
payrolls should fall by 377,000 (But they won’t) : ilene 04/05/2012 What's your wild guess? , Greece:
Even Corruption Is In A Deep Recession testosteronepit 04/05/2012 Bribes for surgery. , Is The Japanese
Party Ending? , Four Weeks
Of Deja Vu Propaganda , 3
Charts On The 'Real' Deteriorating State Of Corporate Balance Sheets Durden If
you spend your day listening to mainstream financial media you could be
forgiven for believing that things have never been better for corporate balance
sheets - exceptionally high levels of cash and fortress-like conservatism for
example. However, in the trenches of reality, from a high-yield and investment
grade credit market perspective (and perhaps this is why
credit markets are expressing considerably more concern than equities still ) there are three
trends that point to deterioration and far-from-Nirvana cash-flow protection that should be
paid close attention to. , Art
Cashin On Bernanke's Secret Banker Meeting To Keep Europe Afloat , Meet
The People Bringing You Currency Manipulation On A Daily Basis , Initial
Claims Continue String Of Disappointments Durden
Portugal Says
Some Town Halls May Need to Restructure Their Debt (Bloomberg ) Draghi
Scotches ECB Exit Talk as Spain Bloomberg ) China PBOC
Injects Net CNY25 Bln Into Money Market This Week (WSJ ) BoE
warns on mortgage limits (FT ) Apple
investigating new iPad WiFi issues, tells AppleCare to replace affected
units (9to5Mac ) Juppé
promises French hard line in EU (FT ) ECB
liquidity fuels high stakes hedging (FT ) Fed’s
Lacker Says Markets Saw Odds of Policy Easing as Too High (Bloomberg ) Japan
minister to ask for nuclear reactor restart: media (Reuters )
4-4-12 45
Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of
Us Will Be Poor http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Dave’s Daily: http://www.etfdigest.com Corzined
Marvell Muppets Sue Vampire Squid Durden 4-4-12 record-breaking amount
of mauling ever attempted by the colossus of client care as Goldman shows it
does not discriminate between millionaire and billionaire Muppets CNN
Money , we are told that two billionaire 'married' executives of Marvell
Technologies - MRVL (no, not the comic book though that would be spectacular)
are suing Goldman for what initially appears to be a straight-forward alleged
fraud of unauthorized transfer of
ownership levered long positions in
competitor NVDA's shares face significant losses margin calls unwilling
to accept the MRVL shares as collateral more of this hard-to-borrow stock to short Goldman were buying
MRVL's shares at the same time the firm was forcing Sutardja and Dai to sell 8 Corzine-ings couple claim they lost more
than $100 million because of their forced sales and general Muppet massacre The
Second Foreclosure Tsunami Is Coming, And Is About To Kill Any Hopes Of A
"Housing Bottom" In what appears to be surprising news for some,
Reuters has an article titled "Americans
brace for next foreclosure wave " whose key premise is that "a
painful part two of the [housing] slump looks set to unfold: Many more U.S.
homeowners face the prospect of losing their homes this year as banks pick up
the pace of foreclosures.", Stocks
Have Second Biggest Plunge Of 2012 , "Won't
Be Fooled This Week Either": Retail Celebrates Highest Stock Prices Since
2007 With Biggest Redemptions Of 2012 , There's No
Painless Way Out Uncle Sam's bills of almost
$4tn per year relative to his income of just over $2tn means that he does what
most American's do - he borrows money - and it is this simple fact that
underpins the reasoning that there is no
painless way out of the mountain of debt "The
Boredom Discount": Why Greater Risk Does Not Lead To Greater Return Durden Confused
by stock bubbles and furious episodes of manic market euphoria? SocGen's Dylan
Grice explains it in one brief sentence: "we’re hardwired to overvalue excitement and
undervalue boredom More
Echoes From 2011 As European Stocks Signal Trouble Ahead Durden As
the mainstream media gets over-run with 'buy-the-dippers' and 'healthy
retracement' protagonists with the S&P down a monstrous 1.5% from its
highs, it is perhaps worth noting (h/t Doug Kass) that Europe's broad equity
market index is now down over 5% from it's peak two weeks ago (as is the UK's
FTSE index). In yet another echo of
last year's liquidity-fueled spurt-and-slump, European equity markets (along
with US and European credit markets as we have already noted) are sending a
warning signal that trouble may lay immediately ahead for US equities…’ , Guest Post:
America: The List Durden Let's get it all out there. America USSR than what most people think is the USA
The List
1. Money - The US dollar is a currency
controlled by a private consortium of banks under the Federal Reserve
System. There is nothing "Federal" about the Federal Reserve,
it is owned and absolutely controlled by bankers. Sound free?
2. The Federal Reserve System - The Fed is
neither under the auspices of Executive, Legislative nor Judicial branches of
government. The most important and largest decisions they make cannot be
audited by any branch of the US
3. Presidential authority - The POTUS can these
days declare martial law and based on the language of the recently passed NDAA,
arrest any US
4. Federal judges - Even in during Rome's
imperial years, about half of the federal judges were voted by the
people. Today, all Federal judges are political appointment. Sound
free?
5. Electoral college - We do not have a popular
vote. The masses just simply can't be trusted. We choose special
delegates to enact the "final solution" (pun intended). Sound
free?
6. Campaign finance - Corporations are
people. Seriously. Mitt Romney was right. As long as national
elections have an essentially uncapped spending limit, the game of politics
will always be about money and who has the most. Those monied interests
then become the only real constituent. Everyone else just gets lip
service. In the meantime, average citizens everywhere are priced out of
even trying to run for office given the exorbitant costs to participate in the
system. Read my lips, sound free?
7. Term limits - Nope. We seem to like
our political class and want to make sure that we can get the same old idiots
year in and year out. They have no incentive to make hard choices, only
political choices to keep their career feeding at the government trough.
And the good ones, meaning the most political and successful at money raising,
become furniture and stay for decades. Sound free?
8. Income taxes (or direct taxation) - You no
longer have the right to 100% of the result of your hard work aka wages.
The government has decreed that you must share your income with everyone else
or go to jail. Ayn Rand once said that the basis for every totalitarian
dictatorship was altruism. Sacrifice for the state. I certainly
don't blindly follow Ms. Rand like Alan
Greenspan did, but on this point I agree entirely. Sound free?
9. Legal tender laws - Don't like the
dollar? Wish you could simply eject yourself out of the Federal Reserve
System by buying some gold and silver coins and using them to make payment for
goods and services? While some merchants may gladly do business with you,
the transaction is very much illegal. You MUST use the FEDERAL RESERVE
NOTES controlled and priced by the Oracles of Delphi
at the Fed. Sound free?
10. "Cost" of money - Modern finance
values assets using various pricing methods. All of these, however, share
a common theme, they all discount future cash flows using the Risk Free rate
which is normally defined as US US Delphi
think they should be. Sound free?
11. Two-party political system - Seriously, do
I really need to break down the hypocrisy exhibited on a daily basis by team
red and team blue? As Zero Hedge pointed out recently, 50% of the
American public votes. About 50% of the public is politically active in
the two major parties. Therefore, in any given election, the winner will
only represent about 25% of the population. And we wonder why special
interests get all the attention. Sound free?
What else?
Like I said, this list isn't meant to be exhaustive,
in fact just the beginning. Please add your own ideas, improve on mine
and pass this along.In the meantime, it's a beautiful day here in Manhattan Union
Square Occupy Wall Street Union Square
High
Yield Credit Fundamentals Starting To Crack Durden We have been warning of the
uncomfortable current similarities to last year's (and for that matter cycle
after cycle) high-yield credit underperformance / lagging
behavior 'canary-in-the-coalmine' relative to the exuberant equity market for a month now. Now, Bank of
America provides - in two succinct charts - the fundamental underpinning of
this grave concern as across the high-yield credit universe
revenues are not catching up with costs - creating significant margin pressures - and at the end of the day, a
market that cares more for cash flow sustainability than the latest headline or
quarter EPS upgrade from some sell-side pen-pusher is waving a red-flag as margins
are the lowest they have been since March 2009 and is falling at a much faster
clip than in the fall of 2008 as the reality of money-printing comes home to
roost. And just to add salt to this fundamental wound, technicals are starting
to hurt as supply picks up and 'opportunistic' issuance turns
notably heavy
- perhaps helping to explain how the ongoing inflows have been unable to push
prices further up in the US European high yield is trading tick-for-tick with
sovereign risk still - as it has since the middle of last year and so as LTRO-funded carry
fades, we would expect it to underperform - especially as austerity slows
growth. , A
Thought Experiment: Why Not Just Print, Print, Print And Then Print Some More? Durden In
the past we have jokingly discussed the creation
of a Death Star as the way the world can save itself by printing an almost
infinite amount of money to support growth. As almost everyone, especially the
MMT crowd it seems, can plainly see, if printing some money is
good (well it must be, markets are up) then printing more money must be better,
right? Well,
no (as we discussed in detail here ).
There are unintended consequences and as we
pointed out recently , we are already seeing less and less effervescence in
the real economy from QE's impact and the spectre of the inflationary pressures
that implicitly limit the 'benefit' of this action is nowhere more painful than
in energy prices (and in fact the price of anything in relative limited supply
as opposed to cash which is printed daily). Professor Antony Davies, of
Duquesne, takes this subtle concept to task in this exceptionally
straightforward 206-second video on money as an IOU and its solution to the
caveman's ills providing the background for why money's inherent value is
relinquished once it becomes printed en masse. Printing
more money doesn't make more goods and services appear, simply spreads the value of the
existing goods and services among a larger number of dollars - this is
inflation. Our wealth comes not from money but from the goods
and services that money buys . Q.E.D. , NYSE
Margin Debt At Highest Since July Means Threat Of Margin Calls High , Reversals In Progress Durden Today’s
Spanish auction results were, in a word, awful. , Services
ISM Misses Expectations For First Time In 4 Months, First Drop Since September ‘ The middle class is being systematically wiped out of
existence in the United
States America Dave’s Daily: http://www.etfdigest.com My first
computer was an AppleIIc in 1986 and I’m glad they survived, having faced
extinction. I’m happy for them. But, realistically, there just aren’t that many
computer unsaavy people dumb enough to continue to pay premiums (overpay) for
less than premium products/utility (that’s no endorsement for pathetic pc’s,
etc.) – I’ve conceded the IPAD breakthrough to their credit but even that’s
going to be facing competition; and, tv? That’s always been a tough road to hoe
for whomever, though I wish them luck, though more than luck’s required! Apple
just provides the frauds on wall street with a hopium story to jazz the HFT
algos, suck suckers in, and churn and earn! } ‘Fed minutes were released at 2 PM and disappointed
those bulls looking for more QE and/or stimulus. Not finding any, they sold.
But in the last half hour of trading, dip buyers were once again present
halving the losses from the announcement. Those “stick saves’ are something to
behold!Factory Orders (1.3% vs 1.5% exp & prior -1.00%) were positive but a
mild disappointment overall.The dollar (UUP) rallied on the lack of further
stimulus; bonds (IEF & TLT) were weak as were commodities (USO, GLD &
DBC).Stocks fell sharply, then as indicated, recovered led higher by…wait for
it, Apple (AAPL) as an analyst from Topeka Securities (seriously?) raised the
stock’s price forecast to $1,000 within 12 months. (It echoes of Qualcomm
predictions circa 1999 but Apple may be a different case, right?) If the stock
were to rise anything like that, imagine the current weighting effect it would
have on indices like the NASDAQ 100 (QQQ) and SPDR Technology ETF (XLK).
Anyway, the shares rose an additional $10 once again masking underlying overall
market weakness…’ , The
Fed’s Latest Announcement: “The Easy Money Spigot is Being Turned Off…” April 3, 2012 By gpc1981 , Man
Vs Machine: How Each Sees The Stock Market Durden 4-3-12 , Guest
Post: Gold's Critical Metric , Guest
Post: Global Oil Risks in the Early 21st Century , "The
Broken Window Fallacy": Why Government Stimulus Spending Will Keep The
Unemployment Rate High , Putting It All
Into Perspective , Durden
So much for the Hatzius and Hilsenrath
prognostications. Headlines coming in:
FOMC SAW NO NEED TO EASE ANEW UNLESS GROWTH
SLOWS, MINUTES SHOW MOST
FOMC PARTICIPANTS SAW `LITTLE EVIDENCE OF COST PRESSURES FOMC
PARTICIPANTS SAID LABOR MARKET CONDITIONS HAD IMPROVED MOST
FOMC PARTICIPANTS EXPECTED INFLATION RATE AT 2% OR LESS MANY
FOMC PARTICIPANTS SAW `EASED' STRAINS IN GLOBAL MARKETS MOST
ON FOMC SAW TEMPORARY IMPACT FROM RISING OIL, GAS PRICES FOMC
SAID SIGNIFICANT OUTLOOK CHANGE COULD ALTER 2014 RATE PLAN
Apparently $4 gas has an impact. ,
Guest
Post: Four Signs Of Asia’s Rise Over The West , The 2013 Fiscal Logjam
Durden With the political season heating
up, and tax season upon us, we thought it worthwhile drilling into exactly how
painful the potential pre-programmed fiscal tightening in 2013 is likely to be.
As Credit Suisse notes, "it ain't over til its over" as the suspicion
is that a lame duck session of Congress will forestall some of the tightening
but until Congress acts, the economy is still technically in a collision
course with the largest fiscal hit in modern times . ,
Guest
Post: You Ain't Seen Nothing Yet - Part Two Durden
Dave’s Daily: http://www.etfdigest.com Guest Post: The
Cliff Notes Durden
4-2-12 As it now stands, the US
economy faces a “fiscal cliff” in early 2013 – meaningful Government spending
cuts AND tax increases at the household level. , Pink
Slime Maker Files For Bankruptcy: Pink Slips Galore As The Pink Sheets Beckon
, VIX
Pops As AAPL Snaps Stops With Action Between US Open And EUR Close , Foodstamp
Usage Remains At All Time High, Record Number Of Households Receive $277 In
Poverty Assistance Monthly , Rosenberg
Recaps The Record Quarter Durden
4-2-12 What a quarter! The Dow up 8% and enjoying a record quarter in
terms of points — 994 of them to be exact and in percent terms, now just 7% off
attaining a new all-time high. The S&P 500 surged 12% (and 3.1% for March;
28% from the October 2011 lows), which was the best performance since 1998. It seems
so strange to draw comparisons to 1998 , which was the infancy of the Internet revolution; a
period of fiscal stability, 5% risk-free rates, sustained 4% real growth in the
economy, strong housing markets, political stability, sub-5% unemployment, a
stable and predictable central bank. And look at the composition of the rally. Apple
soared 48% and accounted for nearly 20% of the appreciation in the S&P 500.
But outside of
Apple, what led the rally were the low-quality names that
got so beat up last year , such as Bank of America bouncing 72% (it was the Dow's
worst performer in 2011; financials in aggregate rose 22%). Sears
Holdings have skyrocketed 108% this year even though the company doesn't expect to make
money this year or next. What does that tell you? What it says is that this bull
run was really more about pricing out a possible financial disaster coming out
of Europe than anything that could really be
described as positive on the global macroeconomic front. What is most fascinating is how the
private client sector simply refuses to drink from the Fed liquidity spiked
punch bowl, having been burnt by two central bank-induced bubbles separated
less than a decade apart leaving David Rosenberg, of Gluskin Sheff, still
rightly focused on benefiting from his long-term 3-D view of deleveraging,
demographics, and deflation - as he notes US data is on notably shaky ground. This appears to have been very much
a trader's rally as he reminds us that liquidity is not an antidote
for fundamentals. , Biderman
On April's Equity Inflection Point As Fed's Front-Loading Fades Durden 4-2-12 The Fed
has undertaken the same front-loading of the US economy for three years in a
row (QE1, QE2, and Operation Twist) and each of the three times the performance of the US
equity market to this sudden flush of liquidity has been almost identical in
terms of velocity (speed and direction) - even though the underlying
macroeconomic impact has been lesser and lesser as we pointed out
here earlier . What is also most notable is that as we head into April (as
Biderman reminds us, a typically positive 'flow' month for US equities given
the tax-based moves and quarter-start) we are nearing what has been the
inflection point in the previous two pump-and-hope episodes. While sounding
eerily bullish in the very short-term, Charles is critically clear that he expects
the short-lived nature of money-printing's impact on the market economy
to fade rapidly
as he fully expects the government agencies to revise their growth expectations
more in line with his 'fact'-based growth expectations which are considerably
lower. Though he notes the timing of the election may mean more of a sustained
'hope', the fact that in 2012 (starting Nov2011) equity performance is better
now than the previous two Fed-infused rallies is perhaps why corporate
insider-selling is so dominating insider-buying now through March . The avuncular antagonist concludes
with his expectations that once the April surge is done with (which it may
already have done today?) he fully expects the stock
market to give up all its first quarter gains (and need we remind you that high
yield credit is sending the very same signals of concern that it did in Q2 of
the previous 2 rallies). , 10
'Facts' That Should Worry Europe's Equity 'Fiction' , Guest
Post: There Is No Shortcut, But All We Have Are Shortcuts Durden 4-2-12 We all
know there is no shortcut to anything worth having--mastery, security, wealth--
yet all we have in America is another useless, doomed shortcut. Insolvency is scale-invariant,
meaning that being unable to live within your means leads to insolvency for
households, towns, corporations, states and national governments. There is no
shortcut to living within one's means. Expenses must align with revenues or the
debt taken on to fill the gap will eventually bankrupt the entity--even an
Empire. We know this, but all we have in America The Federal government is borrowing
a staggering 40% of its budget this year--and it has done so for the past three
years. Despite all the fantastic predictions of future solvency, the cold
reality is that no plausible level of "growth" will close the gap:
either expenses must be cut by $1.5 trillion or tax revenues raised by $1.5
trillion or some combination of those realities. , ISM
Beats Expectations Modestly As Construction Spending Slides , Meet
The Uber-Kommissar: Germany Expands European Domination Plan; Will Enact
European Budget Supervision Panel , Italian
Banks Underwater On LTRO2 After Just One Month , Guest
Post: Understanding The Slave Mentality Durden
4-2-12 In the initial stages of nearly every recorded tyranny, the
saucer eyed dumbstruck masses exhibit astonishing and masterful skill when
denying reality. , Ever Less Bang
For The Printed Buck Durden
4-2-12 As markets crave their next fix of the money-printing elixir,
perhaps it is worth noting the ever-decreasing impact that the
quantitative easing experiments have had on 'measures' of the real economy . This seems to suggest that either:
"we're gonna need a bigger boat" and the ongoing QEs will need to be
exponentially larger than the prior in order to enact change in the 'measures'
of real economy; or, the Fed has hit its limit as yet another 'multiplier
effect' has been proved wrong in the limit and all we get to play with is the
unintended consequences of a hidden inflation peering into view. Of course this
is typical Keynesian dogma: if at first you don't succeed, do it again but
bigger, more global, and with more geopolitical danger. , The True French
Debt To GDP: 146% , More
Fed "Bad Cop" Durden
4-2-12 Bernanke telling the world the Fed will ease any time there is a
stock downtick is the 'good cop.' Which means there needs to be a bad cop to
pretend that the Fed actually cares about more than just 10-20% red candles in
the Russell 2000, and to give the impression of a balanced Fed. Last week it
was Plosser (who simply regurgitated his script from March
2010 ). Today it is Dallas Fed's Fisher…
, Greece
Set To Default On Foreign-Law Bonds On May 15
3-30-12 Is the U.S. U.S. United States U.S. U.S. have barely moved and government dependence is at
an all-time high. That is really sad, because this is Dave’s Daily: http://www.etfdigest.com news
was widely disseminated story that without the company’s earnings first
quarter EPS for the S&P 500 would be flat versus up 1.50%. So despite the
heavy weighting of shares (15-20%) in many indexes, not mention hedge fund and
institutional portfolios, the stock were sold Friday. This is sector rotation
of a different kind. It may only have little to do with recent stories of
company sweat shops in China … , Mark
Grant Explains The Farce, The Hustle, And The Scam Durden When
considering the financial condition of each and every country in the European
Union there are certain facts that are left out and left out on purpose.
In our opinion, the structural deformity of the European Union is, in
itself, one of the main reasons that any attempt at a fiscal or economic fix
never seems to work. Whether some
proposed firewall is $760 billion or $1.3 Trillion or $13 Trillion makes no
difference as in zero, nada, nothing and null. will not stop Spain
or Portugal or Italy head fake unadulterated
scam. , Germany
is Now Openly Engaging In Monetary Policies Against the ECB… What’s Next? March 30, 2012 By http://gainspainscapital.com ‘While the mainstream financial media and 99%
of investors continue to believe that Germany will align itself with the EU,
we’ve been pounding the table Germany will in fact look after its own Wolfgang Schauble admits euro bail-out fund won’t halt crisis http://www.telegraph.co.uk/finance/financialcrisis/8924462/Wolfgang-Schauble-admits-euro-bail-out-fund-wont-halt-crisis.html This
is a pretty strong admission from the finance minister of the country that
Europe looks to as a financial backstop…, Massive
$17 Trillion Hole Found In Obamacare Durden Two years ago, when introducing then promptly
enacting Obamacare, the president stated that healthcare law reform would not
cost a penny over $1 trillion ($900 billion to be precise), and that it would
not add ‘one dime’ to the debt. It appears that this estimate may have been
slightly optimistic… by a factor of
1700 magnum opus the
true long-term funding gap is a mind-boggling $17 trillion, US GDP, he was most certainly correct when
saying that Obamacare would not add a penny to US true total debt/GDP ratio of 750%, This
Time Is No Different - Reflections On 1929 Optimism Durden When it
comes to markets, the following clip, as well as memories of recent market
collapses, highlights that it is usually brightest just before it's pitch
black. , Stocks
Odd Man Out As Every Other Asset Class Has Now Faded LTRO2 , MarketWatch
Goes Full Propaganda Retard Durden Guest
Post: The Consumption Dysfunction Durden The sharp drop in the personal savings rate in the
month of February, which just hit to lowest level since January of 2008, is
indicative of the problem. While personal savings rates could be bled
down further to sustain the current level of subpar economic growth - the world
today is vastly different than prior to the last two recessions … , Another
Failed Grand Plan In Europe , European
Bailout Stigma Shifts From Banks To Sovereigns As Bundesbank Refuses PIG
Collateral , Treasuries
Crash Back To Equity's Unreality , Is The
Chinese Stock Market About To Crash? , From Enron
To Sino-Forest - Same Old Song Durden Enron --> Worldcom --> Adelphia --> Lehman
--> MF Global --> Greece
--> Sino Forest Opaque and convoluted
accounting and finances are common to them all. Greece It is hard to watch
what is going on in Europe and not believe that Greece harder to believe that there is nothing to see there and we should
happily move along. , Why
The Mega Millions Jackpot Is Nothing But Another Tax On America's Poor , Greece:
Now They’re Not Even Trying Anymore
: testosteronepit 03/30/2012 As Monti said, "The financial
aspect of the crisis is over." For the moment. But the problems are worse
than ever., California
Slammed With Fukushima Radiation George Washington 03/30/2012 - 12:26 Fukushima
Radiation Plume Hit Southern and Central California , Is
Spanish Regional Debt Out Of Control? , Must
Read: Jim Grant Crucifies The Fed; Explains Why A Gold Standard Is The Best
Option Durden In the not
quite 100 years since the founding of your institution, America has exchanged
central banking for a kind of central planning and the gold standard for what I
will call the Ph.D. standard. I regret the changes and will propose reforms,
or, I suppose, re-reforms, as my program is very much in accord with that of
the founders of this institution. Have you ever read the Federal Reserve Act?
The authorizing legislation projected a body “to provide for the establishment
of the Federal Reserve banks, to furnish an elastic currency, to afford means
of rediscounting commercial paper and to establish a more effective supervision
of banking in the United
States As you prepare to mark the Fed’s centenary, may I
urge you to reflect on just how far you have wandered from the intentions of
the founders? The
Insanity Of The Sarkozy Carry-Trade's Contagion Risk In 3 Charts , Chicago
PMI Misses As Survey Respondents Warn Oil Price Shock "Tipping Point Fast
Approaching" , The Sad
Reality Of Macro Data Performance Durden Presented with little comment except to note that the
next time someone uses the phrase "...but the data is coming in
strong..." please show this chart as US and European macro data prints have consistently missed expectations
for well over a month now Following
Greek Bond Humiliation, Europe's Biggest Equity Investor Is Slashing Its
European Exposure
Durden Remember
this from September
2010 ? "Norway ,
which has amassed the world’s second-biggest sovereign wealth fund, says Greece Norway has taken the view that they will not Norway One could say we are investing for infinity Uhm, Big Oops at
the time . Yet we can only applaud the fact that unlike other European
investors (read primarily Italian banks) which are merely sinking ever deeper
into the quicksand by dodecatupling down on pyramid scheme assets, the
Norwegian SWF finally "plans to
sharply reduce its European exposure while raising investments in emerging
markets and Asia-Pacific, the finance ministry said on Friday. Norway We're reducing our European exposure because we see that economic
development in the global economy is changing and this should also be reflected
in our investment strategy, Most likely we'll have to sell some assets in Europe . Don't
Be (April) Fooled: New ETF Money Flows Still Bond-Bound , American
Spending Goes Into Overdrive As Savings Plunge To 2008 Levels , Visualizing
The Fed's Clogged Plumbing , The
Full Math Behind The "Expanded" European Bailout Fund , Apple’s
Earnings Are Masking Weakness in Stocks and the Economy Mar 30th, 2012
(Yahoo Finance) — [I]f it weren’t for Apple’s (AAPL) record results, fourth
quarter profit growth for the S&P 500 would go from 6.1% to 3.0%
Q4
GDP Comes As Expected, Claims Miss Big Two Weeks In A Row Durden 3-29-12 Following last Thursday's
weekly claims release we said "Initial
Claims Beat Expectations, To Miss Next Week Following Revision " and sure
enough, last week's 348K beat of 350K expectations has been revised wildly
higher, to 364K, meaning the initial beat was not only a miss, it was wide by a
mile relative to the 350K preliminary expectation. But robots do not care - all
they care is the current print, which however this time also missed, printing
at 359K on expectations of a 350K number. This is the first 4 week increase in
the 4 week SMA since September as the weather impact of the record warm winter
starts to fade away, as explained yesterday. Same gimmicks in the continuing
claims number too which like everything out of the BLS is so meaningless for
concurrent data, we will probably just wait until the next week revision to get
a sense of what is truly happening. More troubling is that 78K people fell of
extended and EUC claims as more and more drop out of the workforce. This means
the unemployment rate just dropped courtesy of even more people giving up on
finding work. Thank heavens for BLS math. In other news, the final Q4 GDP
revision came unchanged at 3.0%, in line with expectations. There were no
major changes to the components, however Personal consumption did decline
modestly from the second revision's 1.52% to 1.47%. It also appears that the
government has been consistently taking away less and less from
"growth", detracting 0.93%, 0.89% and 0.84% with every consecutive
revision. Overall, a wash, meaning March is about to close with about with 17
misses out of 19 key economic indicators. , A
Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine http://albertpeia.com/cashlesssocietynear.htm , Dave’s Daily: http://www.etfdigest.com DIP BUYERS EMERGE ON TIME 3-29-12‘European
stocks were lower on the day on more worries about…wait for it…Greece. Seems
S&P thinks they need another debt restructuring. Shocked?! I thought not.
This action spilled over to U.S. Three
Political Wildcards That Could Upset the Bailouts in the Europe March 29, 2012 By gpc1981 European
policies are determined by politics, NOT economics…’ , On Liquidity
And The False Recovery Durden
3-29-12 David McWilliams (of Punk Economics ) is back (previous
discussions here
and here )
and this time he takes on the the flood of liquidity and the false recovery
that has been created. Starting with a discussion of gas prices and the central
banks' recklessness behind it, he swiftly shifts to the 'shambles in Greece' where more
debt is supposed to solve the problem of too much debt yet again…’ , No, It Is
Not Just The Chinese New Year Durden
3-29-12 The one indicator which the Chinese Politburo can not fudge:
power production and hence: demand Presenting
America's Political Apathy: Voter Turnout Rate < 50% Durden
3-29-12 , One
Government's Meat Is Any Other Man's Felony Poison Durden
3-29-12 Ever feel like standing in Benny and the Centrally Planned
Inkjets' shoes while in the comfort of your own home? Don't. As the following
table demonstrates, doing what the US government does on a daily basis is
likely to get one incarcerated, prosecuted, exiled, guillotined, bound and
quartered, and most likely scapegoated by a member of the administration. , Bernanke
Lecture IV Decrypted: Inflation 20, Stability 17, Progress 1 , Mike
Krieger On When Central Banking Dies: China and Oil Durden
3-29-12 U.S. Which
Is The True Jobless Rate Correlation? Charting The Schrödinger Unemployment
Rate Durden
3-29-12 In an essay by Pimco's Tony Crescenzi, using the old and worn
out title "To QE or
Not to QE ", which asks just that question, one of the lines of
analysis focuses on the traditional conventional wisdom relationship between
the jobless rate and initial claims for unemployment insurance. Tony says that
this correlation leads him to believe that the unemployment rate is lower than
where it official stands because, "Progress has been made, for example, on
the employment front, with the six-month moving average for private payroll
gains increasing to 214,000 per month in the six months ended in February 2012
from 160,000 per month in the 12 months prior. Importantly,
weekly filings for initial jobless claims have fallen to a four-year low, fully
100k below year-ago levels and in territory consistent with a further decline
in the unemployment rate (see Figure 1). " So far so good, and indeed if one very
simplistically tracks merely the unemployment rate to jobless claims, the
picture does indeed seem rosier than it currently is. The problem however, is
that as always happens in this case, initial claims reflect only a discrete
component of the true unemployment situation in the New Normal, which
more than anything is characterized by one specific feature: the avalanche
like implosion of the labor force , and the departure of millions of people, almost
monthly from the labor pool, noted so very often on these pages, and recently
forcing even Goldman and JP Morgan to ask whether Okun's law is not in fact
broken precisely because of this. As such there is one other correlation that
in our humble opinion should be tracked far more closely when trying to
anticipate the unemployment rate: that of the unemployment rate but not just to
initial claims, but rather to initial and continuing claims, as
well as extended benefits and EUCs, which provide a far better picture of those
who are truly falling out of the labor pool. And as the chart below shows, when
using that far more accurate New Normal
correlation, the picture is decided worse. In fact, instead of a sub-7% implied
unemployment rate, the true implied unemployment rate is just
over 12.5. , Brevan
Howard's Three Uncertainties And One Certainty To Worry About In The US Durden 3-29-12 We discussed
earlier about the Fed's ZIRP policy and the transmission mechanism through
which its free-money ends up in the real-economy (or not as the case in point).
Brevan Howard agrees that the outlook for the US
is not plain-sailing and that US growth
does indeed face cross-currents, with the labor market improving at a steady
pace while aggregate demand slows . While the firm remains more stoic, seeing a generally
favorable macro backdrop, they note three uncertainties and one certainty that
keeps them up at night. The pace of the drop in unemployment against only trend growth leaves
its sustainability uncertain; the potentially temporary easing
of the European financial crisis seems increasingly uncertain; and the growing tensions in
the Middle East and the uncertainty over gas prices derailing the
fragile economy .
However, it is the one certainty that worries us most (and them, it seems), and
that is the enormous fiscal drag the US which
unchecked could reduce real GDP growth by more than 3 percentage points. Even
if the President and the new Congress cut this by half it would still be a
noticeable drag on growth. , Guest
Post: Welcome to the United States of Orwell, Part 4: "Consumer
Protection" Just Another Federal Reserve Power Grab , European
Weakness Spreads And Accelerates , "The
Apple Conundrum": Why One Fund Is Not Buying The iKool-Aid , Charting
Premature Jubilation - The US Economic Growth Momentum Is Now Over Durden 3-29-12 Europe’s
Bazooka Will Fire Blanks… Good Luck Killing the Crisis With That March 28, 2012 By gpc1981 Europe continues to take a page out of Hank Paulson’s
“Crisis Combat” booklet, by unveiling one monetary “bazooka” after another.
Obviously, EU leaders didn’t notice that Paulson’s “bazooka” completely failed
to stop the 2008 Crash.Even more strangely, they keep pulling out bazooka after
bazooka, first unveiling the EFSF which was supposed to raise €1 trillion but
failed to raise even €10 billion without having to intervene in its own bond
auctions.Then came the ESM, which was supposed to be another mega-bailout fund,
which as before, is having trouble raising funds. After all, if one bailout
fund is a dud, why would launching another fix anything?Oh, and I forgot to
mention that both bailout funds will be leveraged… which Europe obviously
doesn’t have enough of already (the EU banking system as a whole is leveraged
at 26 to 1. Lehman Brothers was at 30-to-1 when it imploded). , US
Debt Ceiling D-Day: September 14, 2012 Durden
3-28-12 Earlier today, outgoing Treasury Secretary and tax challenged
part-time pathological liar (see here )
Tim Geithner said that any worries of the US debt ceiling are misplaced, and
that at best such an event would occur "late in the year" (and to
think the August 2011 extended $16.394 trillion debt ceiling was supposed to
last well into 2013). Naturally, coming from Geithner, it meant this statement
was a flat out lie the second it left his mouth, which is why we decided to do
our own analysis of just when the latest and greatest debt ceiling would be
breached. The answer is that at the current rate of debt issuance, which
incidentally is going to accelerate sharply due to the recent extension of the
payroll tax cuts which will require an incremental $100-150 billion total debt
to be funded, and extrapolating future issuance solely on historical patterns, the US . This means that there will be just over 6 weeks for the
GOP to hijack each and every presidential debate before the November election
with just this topic. Because there will hardly be anything more humiliating
for Obama than to have to defend his platform even as the country is once again
past the verge of insolvency, and forced to "commingle" retirement
funds to keep Treasury operations running. Which incidentally is just as we
predicted would happen when we explained why the GOP
fast shelved the payroll tax debate so rapidly . It was nothing but a
prelude to precisely this. Because once it is raised, and it will be raised of
course, next up will be yet another ratings downgrade by S&P and this time,
Moody's as well. All of which will most likely happen before November. , Is
High Yield Credit Echoing 2011's Equity Nightmares? , Commodities
Weak As Stocks Drop To Short-Term Credit Reality , Eric
Sprott: The [Recovery] Has No Clothes , Bianco
& Biderman On Bonds And deBasement "The
day the Fed admits there is an inflation problem is the day they are too
late" , Arguments
On Obamacare Conclude, SCOTUS Decision Due By Late June , MF Global Hearing
Live Durden
3-28-12 the Fif EU - EFSF
& ESM - A Whole Lot Of Nothing Nothing has changed . , ToDaY'S HiTs : williambanzai7 03/28/2012 - 16:27 Spinning the big ones in your direction... , Europe’s
Bazooka Will Fire Blanks… Good Luck Killing the Crisis With That : Phoenix Capital... 03/28/2012 - 12:04 Because
of its interventions and bond purchases, Ľ of the ECB’s balance sheet is now
PIIGS debt AKA totally worthless junk. And the ECB claims it isn’t going to
take any losses on... , EURO
BaZooKa (Modified Diagram) williambanzai7 03/28/2012 - 14:14 Warning-Restricted Area-Hopium Gas Zone , US
Issues New 5 Year Bonds At Lowest Bid To Cover Since August, Sends Total US
Debt Over $15.6 trillion Durden
3-28-12 , Europe
Leaks It Will Fix Crushing Debt Problem With €940 Billion Of More EFSFESM Debt Durden
3-28-12 , How To Fund The
Government This Year , Europe
Drops Most In 3 Weeks As LTRO Stigma Hits New Highs , Guest
Post: Welcome To The United States Of Orwell, Part 3: We Had To Destroy
Democracy In Order To Save It , Goldman
On Europe: "Risk Of 'Financial Fires' Is Spreading" , Summarizing
The True Sad State Of The World In Two Charts Durden
3-28-12 You can listen to CNBC, and the president, drone on about the
recovery, about the wealth effect, about trickle-down economics, about why
adding $150 billion in debt per month is perfectly acceptable, and about a
brighter future for America and the world... or you can take a quick look at
these two charts and immediately grasp the sad reality of where we stand, and
even sadder, where we are headed. , Previewing
Today's MF Global Hearing Durden
3-28-12 Today at 2 PM, the House
Financial Services Committee will hold its third hearing (and the fifth
overall) on the ever more confounding topic of MF Global, its bankruptcy, and
its vaporized client funds, which amount to about $1.6 billion at last check.
And while Jon Corzine will not be there, virtually everyone else from the firm
who can promise that said vaporitzation of funds was merely a softward glitch
and not the fault of anyone in particular, will be present, from the General
Counsel, to the CFO, to the Deputy General Counsel of JPMorgan, all the way to
Edith O'Brien, assistant treasurer of MF Global, who is expected to plead the
Fifth. One wonders why if there is nothing to hide, but that is the topic of
another discussion. And as exposed last
week by the WSJ , this hearing will be particularly interesting as now it
has been made clear that Corzine specifically gave the order to transfer funds
to JPM's account. As NJ.com
summarizes : "Per JC’s direct instructions." This line, contained
in an email that an MF Global finance official sent to explain a $200 million
transfer to JPMorgan Chase from an MF Global account containing customer funds,
will be a focal point of a congressional hearing today into the futures firm’s
collapse. The email, disclosed in a congressional memo circulated Friday, has
raised questions about whether the former governor and CEO of MF Global knew
customer money was being used to plug holes in the firm’s finances as it
plunged into bankruptcy during the last week of October. As much as $1.6
billion of client funds has gone missing, according to a trustee liquidating
the futures firm." , Mrs.
Watanabe Prepares To Blow The JGB Bubble: Household Holdings Of Japanese Bonds
Slide To Lowest In 7 Years , Mark
Grant Explains The Latest European Con , Durable
Goods Miss, Inventory Stockpiles Soar To New All Time High Durden 3-28-12 Graham
Summers’ Weekly Market Forecast (a tenuous balance) March 27, 2012
By gpc1981 ‘… …’ , SkyNet
Wars: How A Nasdaq Algo Destroyed BATS Durden
3-27-12 What really happened is
that a malicious , 100% intentional Nasdaq algorithm purposefully
brought BATS stock to a price of 0.00 within 900 millisecond of the company's
break for trading! chairman
Ratterman has just been demoted even as he stays on as CEO ) decided to take
the "passive voice" approach and blame it all on a faceless,
emotionless, motiveless "software
glitch "… What happened is that
a malicious , 100% intentional Nasdaq algorithm purposefully
brought BATS stock to a price of 0.00 within 900 millisecond of the company's
break for trading! This is open SkyNet warfare.’ , Durden
3-27-12 It is rather surprising
that in a world in which anything and everything is only about money, it is
next to impossible to find a consolidated balance sheet of the world's
insolvent economies (i.e., the developed countries: US, Japan and the Euro
Area). So for all those seeking a visual presentation of all the liabilities
that have to be inflated away by the central banks (because that's what this is
all about), rejoice: the broke world is
presented below in its glory the bulk of the world's assets also happen to be its
liabilities Six
Variations On A Theme By Printerini Durden
3-27-12 A prevalent theme over the past 3 months has been the emergence
of the Schrödinger world, where on one hand we have a world as it is, and on
the other, as central planners, propaganda media, and a president caught up in
a reelection campaign would want it to be that Silver Circle On Europe's
'Stealth' Money Printing Durden
3-27-12 ‘… This consequence has two rather ugly consequences, it removes
still further collateral delays the needed adjustment process Taylor
'Rules' Fed Independence In Question Durden
3-27-12 John Taylor, of the Taylor-Rule, who has not been sheepish with
his views towards the Fed openly questioned the Fed's independence during a
speech to the Joint Economic Committee today. During his testimony at the
hearing on the 'Sound Dollar Act of 2012', Taylor noted: "The discretionary interventions of the Federal
Reserve have been ratcheted up in such unprecedented ways in recent years that
they raise fundamental questions about the future of monetary policy market afloat "The fact that the Fed can,
if it chooses, intervene without limit into any credit market - raises more
uncertainty, and of course raises
questions about why an independent agency of government should have such power CTRL+SPIN
3: The Fed Propaganda Tour Live Re-Educates Us On Their Response To The
Financial Crisis Durden
3-27-12 UPDATE US today's piece-de-resistance is
Bernanke's take on his own response to the financial crisis massive and entirely hidden loans for nothing that
were given to the banks A
Lesson For Europe: Why Iceland Won't Join The Euro Durden
3-27-12 In a brief but as usual succinct statement, MEP Daniel Hannan Iceland's
current enviable position in terms of not just growth but Debt to GDP a lesson in here for
all European governments It's
Official - The Fed Is Now Buying European Government Bonds Durden 3-27-12 As if the 'risk-less'
dollar-swaps the Fed has extended to any and every major central bank were not
enough, William Dudley just unashamedly admitted that the Fed now holds 'a very small amount of European
Sovereign Debt' The
Gap Between Reality And Consensus Is Growing Fast Durden
3-27-12 , Guest
Post: Welcome to the United States of Orwell, Part 2: Law-Abiding Taxpayers
Treated As Criminals Durden
3-27-12 Law-abiding taxpayers are treated like criminals while the
criminal class of financiers and State apparatchiks are free to loot and
pillage muppets and taxpayers alike. It's actually very simple: whatever the state or Federal government does to you,
that's legal Assorted quotes by
Fascists or about Fascism . , Confidence
Drops As Consumers Brace For Surge In Inflation Durden
3-27-12 , Germany:
The Final Frontier... Whose True Debt/GDP Is Now 140%
Durden
3-27-12 , Case
Shiller Finds Home Prices Declined For 9th Consecutive Month In January Durden 3-27-12 Despite January being the
first of 3 record warm winter months, which saw virtually all other economic
indicators boosted on the heels of 'April in February', today's incomplete Case
Shiller data (Charlotte, NA was missing), indicated that in the first month of
the year, prices across the top 20 MSAs dropped once again, posting a 9th
consecutive decline, declining by 0.04% to 136.60. The Seasonally Adjusted
print brings the average home price to December 2002 levels. And just to avoid
Seasonal Adjustment confusion which courtesy of a record warm winter is all the
rage, the NSA data showed a -0.84% drop in January. , Bill
Gross: "The Game As We All Have Known It Appears To Be Over" Durden 3-27-12 First it was Bob Janjuah
throwing in the towel in the face of central planning, now we get the same
sense from Bill Gross who in his latest letter once again laments the forced
transfer of risk from the private to the public sector: "The game as we all have known it appears to be over Actually
global financial markets are only selectively delevering. What delevering there
is, is most visible with household balance sheets in the U.S. and Euroland peripheral sovereigns like Greece The total amount of debt however is daunting and
continued credit expansion will produce accelerating global inflation and
slower growth in PIMCO’s most likely outcome." : "Is a systemic implosion
still possible in 2012 as opposed to 2008? It is, but we will likely face much
more monetary and credit inflation before the balloon pops. Until then, you
should budget for “safe carry” to help pay your bills. The bunker portfolio
lies further ahead."
The
U.S. dollar has probably been the closest thing to a true global currency that
the world has ever seen. For decades, the use of the U.S. dollar has been
absolutely dominant in international trade. This has had tremendous
benefits for the U.S.
financial system and for U.S.
consumers, and it has given the U.S. more than 60 percent of all
foreign currency reserves in the world are in U.S. dollars. But there are
big changes on the horizon. The mainstream media in the United States petrodollar system which has been in place for
nearly four decades. And big international institutions such as the UN
and the IMF have even been issuing official reports about the need to move away
form the U.S. dollar and toward a new global reserve currency… , Police
attack Portuguese protesting austerity measures Press TV
, I’ve Never
Seen a Confluence of Negative Factors Like This 3-24-12 gpc1981 , And 14 of 16 On
Dallas Fed Miss Durden
3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest
miss of expectations in 9 months - and biggest drop in 7 months. . A 10.8 print vs expectations of
17.0 dropped the index back to its lowest since December and keeps the 'good is
good but bad is better' dream alive we assume and markets are entirely unfazed.
The 'hope' sub-index printed higher which accounts for some of the reaction but
we note that New Orders went negative, Average Workweek
plummeted to its lowest in at least six months (and the number of employees also
fell), and Prices Paid jumped but Prices Received dropped for the first time in three months
(more margin pressure). This makes 14 of the last 16 macro data prints in the US 27
Amazing Statistics About The Real Estate Crash That Never Seems To End: More
Foreclosures, More Underwater Mortgages And More Home Price Declines http://albertpeia.com/27statsaboutneverendingrealestatecrash.htm , The Other World Bank
scandal… Uri Dadush and Moisés Naím | A more farcical banking institution
there has never been. , Should
You Buy A Home In 2011 (2012)? Check Out These 29 Absolutely Crazy Statistics
About The Housing Crisis http://albertpeia.com/29statsabouthousingcrisis.htm
, Chinese
Business Media Cautions Japanese Bond Bubble Is Ready To Burst, Anticipates 40%
Yen Devaluation Durden
3-26-12 , Guest
Post: John Corzine- An Insider Helping Out Fellow Insiders Durden 3-26-12
, Forget
Money On The Sidelines, Institutional Investors Are All-In Durden 3-26-12 We have discussed the
money-on-the-sidelines fallacy a few times recently in the context of the
circular money-flows (clear misunderstanding of the idea of a buyer and a
seller) as well as mutual fund cash levels, retail sentiment, demographic
shifts, and insider transactions. There is mounting evidence, as Morgan
Stanley's Michael Wilson notes, that ' make no mistake...institutional
investors are all-in ' as the rolling beta of mutual funds relative to the S&P 500 tops
1.10x at multi-year highs, institutional investors are most exposed to high
beta sectors since MS data began, and long/shorts funds are
near their most levered long since MS records began. Combine this with the massive
surge in Insider Selling transactions in the last few weeks (apropos Charles Biderman's
comments on the rally's support by Insider buying til now) and perhaps bearish
retail sentiment will lead this market down as we hope that finally
'money-on-the-sidelines' fades from the parlance of all but the most aged and
incompetent of market prognosticators. , Fed's
Easing Efforts Having Less And Less Impact As Macro Seasonals Turn Negative Durden 3-26-12
, Presenting
The US Economy's Coming Fiscal Cliff Durden
3-26-12 The size and scale of
'current law' expectations for spending in 2012 and 2013 are dramatic to say
the least. As Morgan Stanley notes, these are huge
economic and political challenges to any deficit reduction - which we discussed last week (courtesy
of James Montier ) is critical if we are to maintain
corporate profit margins . Presenting, with little pomp and circumstance, the US EU
Gas Now Over $10: Charting The Global Gas Pump Price Shock Durden 3-26-12
, Did
Ben Unleash The "New" QE? Not So Fast Says JP Morgan Durden 3-26-12
, Guest
Post: Welcome To The United States of Orwell, Part 1: Our One Last Chance to
Preserve the Bill of Rights Durden
3-26-12 We have one last chance to restore at least a part
of the Bill of Rights . Some members of Congress awakened from their fund-raising
somnambulance and proposed the Due Process Guarantee Act which would restore
the Bill of Rights to its proper place in US So do
one thing today for the nation and its liberties: contact your representative
and senators to press them to support this bill . Ask them which military or law
enforcement agencies requested that Congress nullify the Bill of Rights with
the NDAA. Advise them to do the correct thing for once in their sordid little
careers and vote for the Due Process Guarantee Act. This page lists other
articles about the NDAA and also provides links to find your representative and
Senators: It's
treason. Call it what it is . , Quadruple
Dip: Housing Relapses As "March Is Turning Out To Be The Weakest Month
Since Last October Re: Buyer interest" Durden
3-26-12 , No
Country For Thin Men: 75% Of Americans To Be Obese By 2020 Durden
3-26-12 , Another
Housing Data Miss Makes It 13 of 15 Durden
3-26-12 , Goldman's
Take On Bernanke's "NEW QE" Speech Durden
3-26-12 While it appears to us that Bernanke's message was loud and
clear, there are those who need validation and peer-confirmation. Such as that
from the firm whose alumni run the Fed, namely Goldman Sachs. Below is Jan
Hatzius' take on the "surprising" Chairman speech which essentially
said QE can and will come at any time there is a downtick in the market, masked
by the unemployment rate rising to its fair value, as estimated by Gallup Spot
The Odd Labor Market Out Durden
3-26-12 Earlier this morning,
strategically timed just in advance of the Chairman's tacit admission that
everything attempted to date has once again
failed to stimulate the economy Prospects
for the U.S. Labor Market " which in not so many words explains why
there are none. , Long
End Decouples On Risk Of Constant Central Planning Failure Durden 3-26-12
, What
It's All About Durden
3-26-12 The key is 'unemployment' and whether its
structural or cyclical - we'll ease anyway (just in case) . Debase first or most or
lose... 86 mentions of 'unemployment', No mention of 'inflation', and no
mention of 'oil-price-inspired-consumption-slump' or 'debase'. 'Structural'
16: 'Cyclical' 8 , ECB
Shoots First, Conducts Analysis Of LTRO Inflationary Impact Later Durden 3-26-12
, The Skinny on
U.S. Domestic Oil and Gas Keith Schaefer | Forget Keystone, US desperately
needs an east-west pipeline. , BOJ
Crosses Rubicon With Desperate Monetary Policy, Hirano Says Mar 26th, 2012
, Brics’
move to unseat US dollar as trade currency Mar 26th, 2012 , Dallas
Fed: Top 5 Wall Street Banks Own More Than 50% Of US GDP Alexander
Higgins | Wall
Street bailouts resulted in an unprecedented concentration of wealth. , Tungsten-Filled
1 Kilo Gold Bar Found In The UK Zero
Hedge | Upon cropping it was uncovered that about 30-40% of the bar weight was
tungsten. [ I believe something similars
afoot at the new york depository and fort knox Lancaster
computer shop http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, Israel Committed to Attacking Iran in June Kurt
Nimmo | Israel
has told leading members of Congress about its June timeline for a strike. [ World-problem blacks and israelis and wall
street jews; soon, people will be saying Hitler was correct in searching for
that ‘final solution’ which of course was good politics because, though not
spoken, everyone kind of sees/knows/feels/experiences this truth for which
there’s universal agreement and so it is easily pandered to.] Ian
McEwan: misery of attack on Iran would be beyond belief guardian.co.uk | “I think the mischief and misery
and unintended consequences of an attack on Iran , Media Runs Defense For Corzine After MF Global Revelation
, Paul Joseph
Watson |
Email: Corzine directly ordered transfer of stolen customer funds. , 14 defining characteristics of fascism: The U.S. in 2012 Gregory Patin | ..fascism comes to America
Drudgereport: Gas prices expected to rise
all summer long... Sandusky was
labeled 'likely pedophile' in 1998... 'Cracker'
T-shirt hits Florida streets... COPS:
Zimmerman says Trayvon decked him with one blow then began hammering his head
on sidewalk... 'Suffered
broken nose and had injury to back of head'... Martin had
been suspended from school for marijuana... Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun
Former
NAACP leader accuses Sharpton, Jackson of 'exploiting' Trayvon Martin... 'His
family should be outraged'... Mother seeks
to trademark dead son's name …[ For what? Trayvon hoodies? ]... Many wear
hoodies as churches remember Trayvon... STUDY: Earth
heated up in medieval times -- before human CO2 emissions...
Fourth
Largest Gun Maker In US Is Out Of Guns Durden
3-23-12 In a somewhat sad and shocking slap of reality… , Goldman
Skewers Muppets Again: Worst Week For Stocks, Best for Long End Bonds Durden 3-23-12 While stocks staged an
'interesting' recovery this afternoon, it was not enough to save them from a fate-worse-than-death
- a red-weekly-close! The only (and therefore) largest drop in the S&P 500 of the year largest 30Y Treasury yield improvement of the year BATS Withdraws IPO Durden
3-23-12 , Where Did All
The Money Go? Here! Durden
3-23-12 … could quickly get very
hot on the inflationary front.. , Guest
Post: Its A Dead-Man-Walking Economy Durden
3-23-12 Get out
your mower; it's time to cut down some green shoots again, and debunk a bit of
the so-called recovery Merkel
Goes Braveheart: Debt 'Can' Take Our Freedom , Guest
Post: About That $20 Trillion In Public Debt... Durden
3-23-12 In only three more years
you're talking $20 trillion in public debt for the USA taxes of all sorts will have to rise death spiral Please
Highlight The Housing Recovery On The Following Chart
Durden
3-23-12 ...of New One Family Homes for Sale source ) which
at 150,000 is the lowest print... Ever 300,000 , 250,000 , 200,000 ,
150,000 ... 0" does not work with us. , BATS
Exchange Declares Self-Help Against... Itself; Trading Halted "Until
Further Notice" Durden
3-23-12 SkyNet
Is Now Cannibalizing Itself: BATS IPO Flash Crashes , New
Home Sales Make It 12 Out Of 14 Economic Misses , Jeff
Saut's Permabullishness Just Cost Raymond James Hundreds Of Thousands In Lost
Revenue , Eurosis
Is Back As "New" Greek Bonds Break 20%, Slide 14% In 2 Days , Gold
in Q2 +15% To $1,850/oz On Inflation and Currency Debasement - BARCAP , Selloff
Resumes As "Risk Off" Sentiment Refuses To Leave , Dave’s Daily: http://www.etfdigest.com MARKETS REBOUND TO CLOSE LOSING WEEK
3-23-12 ‘Fed governors are out on the stump making speeches and arguing
publicly regarding current and future monetary policy. Fisher says no more QE
as does Lockhart (for now). Meanwhile, Bullard and Evans want QE now. Bullard’s
comments were interesting since it seemed he wanted QE now based on what he
perceives as weakening inflation.Most market moving news Friday was negative
frankly. China Stratfor.com );
other rumors had Israel in “mobilization” while the WH quickly released a note
stating Iran is far away from nukes, and those pesky “we want a hand-out” North
Koreans launched another missile.Oil (USO) rallied sharply on the Israeli
rumor, stocks turned around and rallied modestly to close a losing week; bond
prices continued their oversold rebound (IEF & TLT); gold rallied (GLD) as
the dollar (UUP) resumed its decline in the trading range; and, commodities
(JJC & DJP) rebounded slightly with the weaker dollar. ..Volume on this
mini melt-up was holiday light once again... The last 15 minutes of trading
featured traders squaring-up and ETF issuers matching-up…’ , 10
Reasons Why Nothing You Do On The Internet Will EVER Be Private Again http://albertpeia.com/10reasonsnothingoninternetprivate.htm
Back
in early 2011, even as the global economy was at best flatlining, the one
goalseeked explanation to justify a levitating stock market (which was rising solely US oh so swimmingly It isn't . Not only that, but as David
Rosenberg highlights, 11 of the 13 most recent economic indicators
have missed consensus expectations, and one can demonstrate that the other 2 - car sales and
jobs - have been simplistically manipulated into a favorable outcome. So now
that the market is turning over, with Europe and China both solidly into
contractionary territory, with Corporate profit margins turning over, and with
US data missing virtually every print, how long until the permabullish
validations all go up in smoke, and the one true source of stock market
"nirvana" - cheap money - is once again in high demand from the
central planning cabal. In turn, the Chairsatans of the world will do as requested,
as they always do, however not with crude (the real one - Brent, not that
Cushing-buffered substitute) at $125, and with the risk that Israel may attack Iran Saudi
Arabia And China Team Up To Build A Gigantic New Oil Refinery - Is This The
Beginning Of The End For The Petrodollar? http://albertpeia.com/beginningofendforpetrodollar.htm ‘The largest oil exporter in the Middle East
has teamed up with the second largest consumer of oil in the world (China) to
build a gigantic new oil refinery and the mainstream media in the United States
has barely even noticed it... Once the petrodollar system collapses, a lot of
our underlying economic vulnerabilities will be exposed and it will not be
pretty. Tough times are on the horizon. It is imperative that we all get
informed and that we all get prepared.’ , Gold
Outperforms As Stocks Drop and Volume Pops Durden
3-22-12 , Bernanke
Lecture II Decrypted, Inflation 79: Deflation 0 Durden
3-22- The 11,400 word speech contained
a record-breaking 79 uses of the term 'Inflation' and exactly Zero uses of the
word' Deflation' .
Subliminally, we notice that the word 'might' is randomized in between the
words 'Prices' and 'Inflation' and the words 'War'
and 'Risks' are uncommonly tangential . We know in our hearts that the 8 uses of the word
'Paul' was Volcker-related but its proximity to the word ' bit' and 'inflation'
leaves us questioning the deus-ex-machina that is Wordle and Bernanke.
'Monetary policy' and 'crisis' pop up a lot and it is evident that we have a
'financial economy' with the word 'Stable' only appearing 0.0015%
during the speech . , Guest
Post: A Primer For Those Considering Expatriation Durden
3-22-12 A growing number of Americans are frustrated with the way in
which their economy has been managed and are becoming increasingly concerned
about future measures the government may take to keep its coffers full. A
question that is arising with increasing frequency is: does
expatriation offer a viable protection to those concerned about a more
financially-intrusive US but while it does offer a solution to ending one's
obligations to pay US taxes - it's important to understand that it's not
suitable for everyone. Mark Nestmann gives a great nuts and bolts breakdown of
what's involved and what the benefits and risks are , China,
Russia Voice "US In Iran" Ire Durden
3-22-12 I n a number of stories in China 's
top newspapers today, the US
has been slammed for its moves to restrict Iran The People's Daily noted ,
Hong Lei (a Foreign Ministry spokesperson) warned
such unilateral action was not only wrong but could exacerbate the stand-off
over Iran .
Arguing that China 'imports oil based on its economic development needs'
without violating relevant resolutions of the UN Security Council and
undermining the third party's and international community's interests, he noted
China will not accept the practice of saddling unilateral sanctions on
the third country . Adding to this, China
Daily notes the typical UN blah-dom of Wang Min's comments of the
"more pragmatic importance to be firmly committed to dialogue and
negotiations in order to properly solve the Iranian nuclear issue". While
China is clearly 'disappointed' in the US efforts, Russia
turns the dial to 11 with its comments that the US efforts are inflaming,
as Russia's Foreign Minister Sergei Lavrov said Tuesday, " Scientists
in nearly all countries....are convinced that strikes may slow down the Iranian
nuclear program. But they will never cancel it, close it down or eliminate it " warning that Iran will have no option but to develop nuclear
weapons should the US HFT
Has Disconnected Commodities From Fundamentals Durden
3-22-12 High-frequency traders have caused U.S. commodity
futures prices to disconnect from market fundamentals of supply and demand
since the 2008 financial crisis . An extensive
and detailed analysis by the United Nations Conference on Trade and
Development just confirms what we have shown again and again (most recently here
in Silver more
exposed to 'sudden and sharp' corrections , and as Reuters notes
"The strategy of those involved in high-frequency trading tends to reinforce
the correlation between equities and commodities ". In a somewhat stunning
conclusion from an academic treatise, the authors find "We are not saying
that it's all about speculators and (that) fundamentals don't matter. But we
are saying that they tend to matter less, except in extreme cases,".
Unlike other studies on the linkages, the UNCTAD study uses tick-data and finds
correlations rising and trade size dropping as frequency increased dramatically
since the crisis in 2008. Critically, one final consequence is that investors
seeking to diversify or hedge against other investments in their portfolio are
often disappointed as the increased HFT creates a destabilizing effect on commodities
(increasing volatility) and can often create bubbles . , Guest
Post: What Is President Obama So Afraid Of? Durden
3-22-12 President
Obama’s order, however, takes things much, much further. This is all playing out with nearly
perfect historical precision. Time and time again throughout
history as once great empires accelerated their declines, governments have
taken steps to protect their interests against the people. In the past, they have imposed
curfews, disarmed the population, curtailed civil liberties, and declared
national emergencies, usually against some great faceless enemy from abroad who
threatens their way of life. As it turns out, though, our
great faceless enemy is not some mythical boogeyman living in a cave, nor some angry brown person who
hates us for our freedoms… but the very people within the system who’ve taken
an oath to ‘support and defend the Constitution of the United States against
all enemies, foreign and domestic.’ Have you hit your breaking point
yet? Two Charts
On Why The LTRO Is A 'Real' Failure Durden
3-22-12 , Guest
Post: The One Chart That Says It All Durden
3-22-12 Depending on debt to fuel nominal growth leads to
an economic death spiral . Sometimes one chart says it all. Charted against consumer
credit, the S&P 500 (SPX) collapsed after the 2000 dot-com bubble burst and
has been tracing out a descending channel since then. The Fed's injections of
liquidity via trillion-dollar purchases of toxic mortgages and Treasury bonds
does not funnel money into productive investments--all it accomplished was to
further incentivize speculative churning and financialization to enriched the
few at the expense of the many. So sit back, tighten your seatbelts and enjoy
the death spiral ride, brought to you by the Federal Reserve and your elected
servants of the financial Elite. , Home
Prices Miss Large On 9th Consecutive Downward Revision Durden 3-22-12 It will come as no
surprise to many that the warm-weather-induced ebullience and renaissance in
the US housing market is perhaps floundering as all that demand was dragged
forward. Today's notable miss in the FHFA Home Price Index (at unch vs an
expectation of +0.3%) is ugly but the huge downward revision
from +0.7% to merely +0.1% in the previous month is now the ninth consecutive
notable downward revision .Add to that the fact that FreddieMac just reported mortgage
rate cracking over 4% (from 3.92% to 4.08%) and the ugly data on MBA
applications and...well at least we're decoupling. , Art
Cashin Takes On Critics Of His Seasonal Adjustment Seasoning Durden 3-22-12 We have covered the topic
of BLS seasonal adjustment to death and beyond, as well as the endless expansion
of those dropping out like flies from the labor pool (did those not one way or another It did ? Next
question... or does the government now desperately need an apologist for its
own upwardly biased data 'mismanagement'?). Yet some of the formerly relevant
elements at the less than cutting edge of asset
management-cum-blogging Initial
Claims Beat Expectations, To Miss Next Week Following Revision Durden 3-22-12 Same old, same old from
the BLS: with initial claims expected to print at 350K, we get a number that is
just better, or 348K - supposedly the best since February 2008, however one
which will be revised to about 351K next week, hence a miss, in line with the
perpetual +3K upward statistical bias each and every week demonstrated by the
BLS, which is no longer even funny. To be sure, last week's 351K was just
raised to 353K, just so that headlines can announce a 5K drop in claims week over week. Europe's
'Success Story' Double Dips: Irish Economy Re-Contracts, As Predicted Durden 3-22-12 Remember Europe's
so-called success story - Ireland? Time to scratch it off the list, as the
"best performing" PIIG, and "peripheral reform" wunderkind,
just reminded everyone that the only true success story in Europe is that other
I
country - Iceland, after its fourth quarter GDP unexpectedly dropped 0.2%, well
below consensus estimates of a 1.0% GDP boost. Odd - recall that back in October,
following the announcement that Greece would be allowed to extract a bondholder
haircut, initially at 50%
and ultimately at 78.5%, we said that "this means that Portugal, Ireland,
Spain and Italy
will promptly commence sabotaging their economies (just like Greece) simply to get the
same debt Blue Light special as Greece." Looks like Ireland is well on its
way to doing just that , and the GDP slide is actually not all that
surprising. Next: prepare for more "surprising" GDP misses from Portugal , Spain
and, of course, Italy Dave’s Daily: http://www.etfdigest.com CHINA
THROWS BULLS A CURVE 3-22-12 ‘China U.K. Canada U.S. given the inventory overhang.
Leading Indicators (LEI) were higher (.7% vs .6% expected & prior revised
lower to .2%) [Thanks to contrived bubble stock market weighting/bootstrap].
Together, not so bad, but U.S. markets can’t take a solo walk higher given high
levels of global integration and correlation.Bonds rallied as stocks, gold, the
euro, oil and most commodities sold-off as bullish sentiments about economic
growth take a holiday. All one can conclude for now is markets rose too far too
fast on dreadfully light volume with the latter being the most troubling.An ETN
blow-up occurred Thursday with TVIX (Velocity Shares 2 X VIX Long ETN) as
Credit Suisse suspended new share creation. The ETN should have been rising
with as the VIX rose today. Investors should have been making great returns
either through speculation or hedging have been disadvantaged in a major way.
Here is our write-up and that of Yahoo
and ZeroHedge http://i238.photobucket.com/albums/ff171/flyfry/ETF%20Digest/image004-28.jpg
Volume on selling was only slightly more impressive than on recent melt-up
days. But more selling is due to open trailing stops getting executed
generally. Breadth per the WSJ was negative…’ , Student-Loan
Debt Reaches Record $1 Trillion, Report Says Mar 22nd, 2012 (Bloomberg) —
U.S. student-loan debt reached the $1 trillion mark, as young borrowers
struggle to keep up with soaring tuition costs, according to the initial
findings of a government study., Morning Snapshot Mar 22nd, 2012
(USAGOLD) — Gold fell to new 10-week lows following further troubling signs of
an economic slowdown in China. HSBC/Markit Flash manufacturing PMI fell to a
4-month low of 48.1 in Mar, tempering expectations that China China Europe
has fallen back into recession . America is starting to unfold right in front
of our eyes. It just did not happen as soon as she thought that it
would. When most Americans think of our "debt problem", they
think of the federal government. But the truth is that we have hundreds
and hundreds of smaller "debt problems" all across the country.
In 2012, cities such as Stockton, California and Harrisburg, Pennsylvania have
already defaulted and a whole bunch of other cities and towns are headed down
the exact same path…, Waking
Up To A Third Consecutive False Dawn For Stocks With Charles Biderman Durden 3-21-12 It appears we are, as a
nation of desperately consuming investors, becoming increasingly
cognitively dissonant . Charles Biderman, of TrimTabs, leaves the ominous clouds of the Bay
Area for New York City and addresses our seemingly Pavlovian
response for the third year in a row to a rising stock market (flooded with
portfolio-rebalancing duration-destroying Central Bank money) as evidence that
the real economy must be doing great . Of course, relying on tried and true facts such as
real job growth and real wage growth and understanding the seasonally-abused -adjusted
housing data realities, Biderman notes that the only money driving stocks up is
corporate buybacks dominating selling pressure. While modestly bullish on these
flows, he is growing more anxious. He sees insider selling surging
(from 5:1 January to 14:1 February to 35:1 in March) , there has been no new
'cash-takeovers' announced this month compared to $15bn per month last year,
and the IPO pipeline is ramping up fast (supply will dominate demand) as the
end of Operation Twist approaches removing yet another prop to the perceived
reality of stocks. , Guest
Post: The Ascendence Of Sociopaths In US Governance Durden
3-21-12 How did we get here? An argument can be made that
miscalculation, accident, inattention and the like are why things go bad. Those
elements do have a role, but it is minor. Potential catastrophe across the
board can't be the result of happenstance. When things go wrong on a grand
scale, it's not just bad luck or inadvertence. It's because of serious
character flaws in one or many – or even all – of the players. So is there a
root cause of all the problems I've cited? If we can find it, it may tell us
how we personally can best respond to the problems. In this article, I'm going
to argue that the US US The
reason is that a certain class of people – sociopaths – are now fully in
control of major American institutions. Their beliefs and attitudes are insinuated throughout
the economic, political, intellectual and psychological/spiritual fabric of the
US , Treja
Vu: Albert Edwards Expects New Lows On Bond Yields, Equity Rally Turning To
Dust, "Just As It Did In 2011" Durden
3-21-12 , Greece
is Now Irrelevant. Spain and Germany Will Decide the Euro’s Future March 21, 2012 By gpc1981 ‘…If Spain doesn’t does Deutsche
Dumps Dodd - How Germany's Biggest Bank Ran Circles Around The Fed Durden 3-21-12 Why are we not surprised
at the fact, as reported
by the WSJ , that Deutsche Bank AG changed the legal structure
of its huge U.S. subsidiary to shield it from new regulations that would have required the German
bank to pump new capital into the U.S. arm. The bank on Feb.
1 reorganized its U.S. subsidiary, known as Taunus Corp., so that it is no longer
classified as a 'bank-holding company' (BHC). The technical change has important
consequences. Taunus—which at the end of last year had about $354 billion of
assets and 8,652 employees, making it one of the largest U.S.
banking companies—won't have to comply with a provision of the U.S. Dodd-Frank
regulatory-overhaul law that essentially forces the local arms of non-U.S. banks to
meet the same capital requirements that American banks fact… So much for all
that systemic risk control and lessons learned as hey-presto - everything is
sidestepped as the farce continues. , Futures
Exhibit Peculiar Ungreen Color On 5th Consecutive Month Of Chinese PMI
Contraction Durden
3-21-12 , 1001
Moonless Kinetic Nights: Presenting The Windows Of Opportunity For An Iranian
Attack Durden
3-21-12 Friday's
majority vote by the Israel Security Council authorizing Iranian
"action" when required, answering the " if ", the only open question
remains " when ." As it turns out, based on the following analysis by
Rapidan Group, there are only 10 or so distinct 10 day New Moon windows for the
remainder of 2012. If one removes the sandstorm prone months of April, July and
September, there are 7 periods in which a military strike is realistic…, Presenting
The American Sweatshop: An Infographic Of The Online Retail Warehouse Temp Job Durden 3-21-12 , Obama
Now Scrambles To Approve Transcanada Pipeline... Or At Least Half Of It;
Environmentalists Furious Durden
3-21-12 What a difference two months of record high gas prices make.
After Obama unceremoniously killed the Keystone XL pipeline proposal in
January, and has since seen his popularity rating slide in inverse proportion
to the surge in gas prices, which as noted yesterday have now passed $4 (still
quite a bit better than Europe's $9.81 average/gallon), he is now actively
seeking to fast-track its approval. Or at least half of it… , "End Of The
Road" - A Teaser Durden
3-21-12 End of the Road - How Money
Became Worthless ." , Forget
Barton Biggs, David Rosenberg Has The Truth On Sideline Cash Durden 3-21-12 The money-on-the-sidelines
argument has reached deafening and self-confirming as anchoring bias among any
and every swollen long-only manager seems to have made them ignore the
realities of the situation. David Rosenberg, of Gluskin Sheff to the rescue
with good old fashioned facts - as much as they might disappoint the audience. Barton
Biggs quote in
the USA "idled money is ready to be put to work" . However, as Rosie points out equity
fund cash ratios are at a de minimus 3.6% , the same level as in the fall of
2007 and near its lowest level ever … , "Dumb
Money" Refuses To Be The Dumb Money For Yet Another Week Durden 3-21-12 , Treasuries Surge Leaving
Equities Running On Fumes Durden
3-21-12 , European
Sovereign Debt Shows First Weakness In 3 Months Durden
3-21-12 , Antal
Fekete Responds To Ben Bernanke On The Gold Standard Durden
3-21-12 Yesterday, Ben Bernanke dedicated his entire first
propaganda lecture to college student to the bashing of the gold standard.
Of course, he has his prerogatives: he has to validate a crumbling monetary
system and the legitimacy of the Fed, first
to schoolchildrden and then to soon to be college grads encumbered in
massive amounts of non-dischargeable A
Few Quick Reminders Why NOTHING Has Been Fixed In Europe (And Why LTRO 3 Is Not
Coming) Durden
3-21-12 , European
Housing Still Slumping Durden
3-21-12 , Howard
Marks: "Common Sense Is Not Common" Durden
3-21-12 , Feeding
The Homeless BANNED In Major Cities All Over America http://albertpeia.com/feedinghomelessbanned.htm , The Simple
Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm NSA Boss Says Agency Does Not Monitor Your Email Kurt
Nimmo |
Another government bureaucrat takes us for idiots. [ Yes indeed, quite
laughable. I’m speculating when I say what they might do so that in their own
minds they can say the preposterous aforesaid is set up a project / op, have it
classified top secret / off-grid, by way of dummy corp/straw men/cut-outs,
etc., perform the monitoring function and report to NSA with high-level
deniability. Regardless of machinations, the fact is they do and that’s not all
they monitor; enter their cozy deal with google (I still use google almost
exclusively for my web search as a matter of disclosure here). Moreover, phones
(wireless and landlines, computer and digital television transmissions/views),
and I also believe digital / wire financial transactions / transmissions are
monitored. Echelon goes way back to the 70’s and one would be foolish to think
their ‘mining’ has slowed or regressed; not that they and those whom they serve
know what prudently to do with such info. http://pubrecord.org/nation/2290/revisiting-echelon-nsas . I personally believe they can view /
monitor everything on your screen; and the foregoing regardless of encryption,
generally, with exceptions. ] , Bernanke
Goes Back to School to Perform Public Propaganda Service The Wall Street Journal , The Rising
Price Of the Falling Dollar Mar 20th, 2012 by News [ greenspan and now bernanke are incompetent and total failures
creating and exacerbating current and prospective conditions for the sake of
fraudulent wall street at everyone else’s expense! ] (Forbes) — Do you know why
oil and prices are moving sharply higher? Some blame the oil companies,
charging they are manipulating prices. Others cite U.S.
sanctions on Iran the basic
reason for higher energy prices is being overlooked, even though it is right
before our eyes: Oil prices are up because the value of the dollar is down . Our common
sense hides this source of higher prices because we view the dollar as fixed,
and prices as moving. News reports explain the sharp rise in consumer prices in
February were caused by higher energy and food prices, implying that higher
prices cause inflation. Of course, higher prices do not cause inflation. Higher
prices are inflation… , $4 Gas Average Is Here Durden 3-20-12 we are now
back above $4 per gallon for the first time since May 2011 . We also note
that the average price for a gallon of gas across the EU is inching ever closer
to the $10 mark PG View : The threat of a
preemptive strike against Iran, and a possible war as a result, trumps any
promise of increased oil output on the part of the Saudis. Should also be
viewed as an underpinning for gold. , Greece’s
Third Bailout Seen in Debt With Junk Grade: Euro Credit Mar 20th, 2012
(Bloomberg) — Greece’s bonds and credit ratings are factoring in a third
bailout for the nation that analysts and investors say will require greater
concessions from its international creditors., The
Simple Problems Of Too Much US Debt Durden
3-20-12 In a succinct and chart-laden presentation, Professor
Antony Davies, of Duquesne , offers a simple perspective on just how bad
things are for the US (in terms of debt or obligations). Putting the interest
cost in the context of war-spending, his analysis is interesting given the
recent and dramatic rise in interest rates. Current interest payments, given the US Government's lowest ever 3%
interest cost, are $440 billion.., $450
Billion In ZIRPorized Purchasing Power: Two Charts That Explain The Baby Boomer
Dilemma Durden
3-20-12 When it comes to predicting consumer spending patterns, especially
those of the baby boomers who are traditionally reliant on fixed income (but
lately have had to migrate back into the workforce, as retirement prospects
diminish, in effect displacing the young 18-24 year old Americans where
unemployment is now
at a substantial 46% ), the following two charts from today's David
Rosenberg letter do a great job at explaining the schism between interest and
dividend income (dividend stocks whose cash flow yields can be eliminated at
the bat of an eye ) , CTRL+SPIN:
Ben Bernanke And The Fed Propaganda Tour Live Durden
3-20-12 A few days ago we noted
that the Fed's propagnda is slowly encroaching into the 8-12 classroom with
"Fed
To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About
Constitutionality Of... The Fed " in which the Fed's appointed class
agenda would allow "students to use their knowledge of McCulloch v.
Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System ." , Obama
Advisor, And Goldman Sachs Client, Gene Sperling Filibusters CNBC With
"Shared Sacrifice" Speech In Response To Ryan Budget Durden 3-20-12 , Guest
Post: Why We Won’t See 4% GDP Growth For A Long Time Durden
3-20-12 , Ryan
2013 Budget Details Released, In Which We Find The US Runs A Deficit Until 2040 Durden 3-20-12 , Guest
Post: Welcome To The Predatory State of California--Even If You Don't Live
There Durden
3-20-12 Every once in a while an event crystallizes the stark reality
behind the lacy curtain of propaganda and artifice. Here is one such event.
Correspondent R.T. is a retired accountant who has resided in Arizona California California Will
China's 'Soft' Landing Be 'Hard' On Global Exporters?
Durden
3-20-12 , US
Taxpayers Commence Bailing Out ECB, With Greece As Intermediary Durden 3-20-12 , Hatzius
On The Three Reasons The Recovery Is Overstated Durden
3-20-12 Economic Surprise Indices have been rolling over for a month or
two now. The trend of US macro data has also disappointed in a period when it
would be expected (empirically) to accelerate. However, taken anecdotally or
cherry-picked.., No
Housing Recovery On This Chart Either Durden
3-20-12 , NSA Chief Denies Wired's Domestic Spying Story (Fourteen Times)
In Congressional Hearing
Forbes [ You won’t see this story in google news – they have a ‘sweet
deal’ with the NSA. ] , 40
Weird Facts About The United States That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/40weirdfactsabouttheus.htm Infographic:
Reevaluating The Costs And Benefits Of (Debt Bubble-Funded) Higher Education Durden 3-19-12 While the college debt
bubble has been extensively discussed on Zero Hedge (here , here
and here )
and elsewhere, the reality is that without college student loans, as cheap as
they may be, the vast majority of students would not be able to afford going to
college, untenable (and non-dischargeable only noted
here , between car loans and student debt, is the primary source of consumer
debt in the past year)... , To
Bail Or Not To Bail: A Simple Question Of Math; And Why Taxpayers Will Be On
The Hook Until The End Durden
3-19-12 When it comes to rescuing an insolvent country, continent, or
entire financial system, at the end of the day it is a simple question of
maths: is "doing it" cheaper
than the alternative IIF
was heaping fire and brimstone on bondholders and threatening the world
with $1+ trillion in losses if bondholders did not comply. That nobody Europe 's
insolvent PIIGS, and the (taxpayer) cost to "save" them. , ABC
Reports Russian Troops Have Arrived In Syria, Russia Denies Durden 3-19-12 Earlier today, Al Arabiya
made waves in the energy market following
reports that a Russian ship carrying special forces had arrived in the
Syrian port of Tartus, previously demonstrated
here to be a key strategic asset in the Mediterranean. This news was
promptly denied by RIA ,
which said that "there were no Russian military ships off Syria which is being guarded. United Nations
Security Council source told ABC News was "a bomb" certain to have
serious repercussions. Syria ,
and by proxy, Iran Apple
Closes Over $600 As Trading Volume Collapses Again Durden
3-19-12 "Whocouldanode?" that Apple would do something like
pay a de minimus dividend and begin a modest buyback program? Indeed, initial
reactions for the stock seemed to be 'sell the news' but of course, it wouldn't
be a day ending in 'y' if Apple didn't close green and sure enough, with
seconds to spare, Apple managed to
close over $600 for the first time Based
On This Chart, Can Saudi Arabia Bail Out The US Motorist From $5 Gas? Durden 3-19-12 No conclusions here, just
a simple chart showing monthly Saudi
Arabia production based on
OPEC data , which has been rangebound in a tight 8,000 - 9750 tb/d range,
superimposed with Brent prices over the past decade. The last time Brent soared
to record highs back in the summer of 2008, Saudi production peaked at 9,522
tb/d (despite similar
promises for spikes in crude production and exports). During last spring's
spike, Saudi produced around 9,000 tb/d. In the past two months, production has
been at record highs, even as oil keeps setting new highs, entirely due to
liquidity, but not because speculators are evil incarnate as Nancy Pelosi will
want her brainwashed fans to believe, but
simply because for the most part they are Primary Dealers, and other entities
attached at the hip to the Fed, who serve as Ben Bernanke's transmission
mechanism of record liquidity being dumped into the system. RIP
Housing? The Trade Off To Rising Rates Durden
3-19-12 It is no surprise, given the baying for blood from bond bears,
that mortgage rates will come under close scrutiny - especially given the
supposed reasoning for much of the various LSAPs has been to keep rates low to
'aid' homeowners (as opposed to flush nominal prices to the moon in every risk
asset based on the risk premia-reducing duration-crushing portfolio-rebalancing
effect). The effects on various asset classes from the announcement and
inception of Operation Twist have been varied with Equities (and until the last
month high-yield credit) benefiting the most (nominally). , SKEWered Durden 3-19-12 While stocks are surging
in nominal terms, the options markets are increasingly pricing in greater and greater downside risk concerns we are at record levels for
this so-called Skew "This
Time It's Different?" - David Rosenberg Explains The Melt Up And The
Latent Risks Durden
3-19-12 The market is ripping. That much is obvious. What some may have
forgotten however, is that it ripped in the beginning of 2011... and in the
beginning of 2010: in other words, what we are getting is not just deja vu (all
on the back of massive central bank intervention time after time), but double
deja vu. The end results, however, by year end in both those cases was less
than spectacular. In fact, in an attempt to convince readers that this time it
is different, Reuters came out yesterday with an article titled, you guessed
it, "This
Time It's Different " which contains the following verbiage: "bursts of optimism have sown false hope before...
Today there is a cautious hope that perhaps this time it's different. prominent
appearance here .) So the trillions in excess electronic liquidity provided
by everyone but Do
High Yield Bonds Know Something Stocks Don't? Durden
3-19-12 As the S&P 500 reaches new multi-year highs and VIX touches
multi-year lows, there is one rather large and risk-appetite-proxying market
out there that is not as excited. The high-yield bond market has seen record
in-flows dropping off recently and for the last four-to-six weeks high-yield spreads, yields, and bond prices have been
very flat as stocks have surged ahead the recent 'dramatic' outperformance in investment
grade credit is a notable up-in-quality rotation ratio of HY bond prices to VIX is near its extreme
once again risk
flares of 2010 and 2011 surrounding the end of the Fed's QE sessions . , Guest
Post: How To Cripple The Real Estate Market In Five Easy Steps Durden 3-19-12 If you were head of
Central Planning (howdy, Ben!) and were tasked with crippling the real estate
market, here's what you would recommend. #1 Choke the market and banking sector
with zombie banks. #2 Have the central bank (the Federal Reserve) buy up $1
trillion in toxic, impaired mortgages. #3 Lower the rate that banks can borrow
from the Fed to zero, and then pay the banks interest on all funds deposited at
the Fed. #4 Try to prop up the housing market by giving poor credit risk buyers
loans with only 3% down. #5 Load young people up with the equivalent of a
mortgage in student loans. OK,let's see how our Organs of Central Planning are
doing: check, check, check, check, check: a perfect score! , Operation
Twist Is Coming To An End: A Preview Of The Market Response Durden 3-19-12 As macro
data trends deteriorate and Dudley
demurs , it is becoming increasingly clear that the risks for the US equity
market are skewed to the downside as we head towards the end of Operation Twist
(and seasonal factors subside). The Fed's 'upgrade' from modest to moderate
growth certainly spooked Gold and Treasuries and saw small caps notably
underperform but given historical precedence, if Operation Twist ends without a new program beginning, investors will
likely expect a drop in equities (broadly) of 8-10% Macro
Data Weakening On Seasonal Unwinds Durden
3-19-12 Much has been made of the positive impact that seasonal
adjustments have made to the crop of supposedly better than expected macro
prints that remain anecdotal evidence of why the S&P 500 is trading above
1400 again. Unfortunately the pleasant after-glow of a time-series-based
adjustment that has become increasingly unstable and hard to justify
post-crisis is starting to fade. Morgan
Stanley's Business Condition Index dropped a very significant 5 points in March
to 51% in
Bernanke's scariest chart ) the seasonal
factors are almost entirely responsible as the trend of recent data is just not
meeting expectations (both in analyst and market perceptions) , Dallas
Fed's Fisher Exhibits Peak Cognitive Dissonance And Self-Delusion Durden 3-19-12 For today's definitive
example of peak cognitive dissonance and self-delusion among those who
determine the monetary fate of the world no less, look no further than the
Dallas Fed's Dick Fisher, who just said the following according to Reuters: *No one presently believes that the Fed is going to
proceed with QE3 Goldman's
Bill Dudley : *No decision yet on
QE3, New York Fed's Dudley says that always Apple
Announces $10 Billion Share Repurchase Program, $2.65 Quarterly Dividend, Plans
To Spend $45 Billion Over 3 Years Durden
3-19-12 And so Steve Jobs legacy
is now gone as Apple goes Jamie Dimon. Some
Ominous Developments In Europe Durden
3-19-12 For now, these are isolated incidents. But in Europe events of
this kind have an unpleasant tendency of recurring just when it is darkest... ,
Dave’s Daily: http://www.etfdigest.com APPLE STILL DRIVES MARKETS 3-19-12 ‘The
recent rally is still being led higher by all things Apple (AAPL) and Monday
was no exception as the company will payout a $2.50 dividend and buyback $10
billion of the outstanding shares. They say they’re still committed to product
innovation but that still remains to be seen. After all, their visionary leader
is gone, and beyond tinkering with improvements here and there, we’ll have to
see if there are any breakthrough products on the horizon. Apple continues to
dominate most tech indexes with XLK and QQQ still being nearly 20% weighted… , The
U.S. Economy: Soul Crushing Total System Failure The Economic Collapse The
Perils of Money Printing’s Unintended Consequences Zero Hedge Goldman
Sachs: Making Money by Stealing It Stephen
Lendman America Train
Reading: Apples Yield to Cash Call, BofA Denies Rumors at The Wall Street Journal ,
The
Fed Isn’t Providing “Monetary Morphine”; It’s Spreading Financial Cancer That
is Killing the Markets and Democratic Capitalism in General March 16, 2012 By gpc1981 http://gainspainscapital.com ‘While the vast majority of commentators look at the market
action of the last three months and celebrate, I cannot help but shudder. The
reason is that the stock market has been propped up solely by Central Bank
and/or Federal Government intervention or the hope of more intervention.That
alone is worrisome as it indicates the stock market no longer cares for
economic or financial fundamentals (something that has been clear for several
years now).However, far more worrisome is fact that the Fed and Federal
Government are now not only propping up stock prices, but are openly trying to
crush other assets (especially politically dangerous commodities such as oil
and gasoline) in an attempt to make it appear that inflation is under
control.Consider the following: #1) The sudden talk of “sterilized
QE” or QE that won’t involve more money printing (read: There is No Such Thing as Sterilized QE after #1) Propping up stocks
#2) Crushing those commodities/ assets that are politically (and
economically) dangerous (gasoline, food prices). The take away point that I’m
trying to make here is that we’re now at the point of intervention in which the
Fed is openly specific asset
classes real The
Crazy Things That One Whistleblower Says Are Happening At JP Morgan Will Blow
Your Mind http://albertpeia.com/crazythingshappeningatjpmorgan.htm
, Train
Reading: Muppet, Vampire Squid & Other Name Calling on Wall Street The Wall Street Journal Total Return By
Jason Zweig ‘Greg Smith’s letter
announcing his resignation from Goldman Sachs Group contained many juicy
tidbits, perhaps most notably that he heard at least five senior Goldman
executives refer to their clients as “muppets.” (In the U.K. The
Numbers That Matter: $15,564,809,891,768 And $8.354 Billion Durden 3-16-12 Without wasting our
readers' time, here are the only two numbers that matter today: *$15,564,809,891,767.99 - This is how high record US
federal debt is as of today. Although "record" and "US source ) * $8.354
billion. This
is how much net US lower in fiscal 2012 to date compared to
the same period in 2011. In this Bizarro world, economic recovery is apparently
based on weaker numbers (source ).
, Brent
At $126 As Israel Security Cabinet Votes 8 To 6 To Attack Iran Durden 3-16-12
, Guest
Post: Caution - Falling Currencies Durden
3-16-12 Eventually, people will discover that they cannot save in terms
of dollars (those who don’t figure it out will be rendered economically
irrelevant as their wealth is removed from their hands). Savings is a necessary
prerequisite for investment. Investment is necessary for companies to grow, to
develop new technologies, products, and markets. Growth is necessary to hire
new workers. As existing companies achieve higher productivity of labor, and do
not need as many workers to perform the same work, they lay off unneeded
people. In a free market, the unemployed would quickly be hired by growing
companies that expand and develop new businesses. But today’s structurally high
unemployment can be traced back to Friedman’s quack prescription (among other
government interference). Weakening the currency not only discourages savings,
it also weakens businesses who have to keep the currency on their balance sheet
and who have to import some of their inputs. When a currency loses value, then
all who hold it incur a loss. It is not possible to employ workers and run a
business in a country without holding significant amounts of its currency.
Currency debasement therefore imposes constant losses on enterprises that try
to operate in such an environment. , Guest
Post: Lost Principles And Social Destruction Durden
3-16-12 …America Inflation
Even in the Cost of Corruption
: testosteronepit 03/16/12 Much harder to measure than inflation in the
cost of gasoline, but finally, Germany has a way.... ,A
Friendly Reminder on the VIX CrownThomas 03/16/12Retirement... off? ,FaTHeR
MoRAL HaZARD On THE SHIP oF FRaUD williambanzai7 03/16/12 Thank you Ben Shalom Bernanke for being
the singular pompous PhD idiot who can take the yeoman's credit for navigating
this entire golbal ship of financial farce into the sargasso sea of
pinstriped... , Industrial
Production Misses, Capacity Utilization Declines For First Time Since April
2011 Durden
3-16-12, The
Fool's Game: Unravelling Europe's Epic Ponzi Pyramid Of Lies Durden 3-16-12 Now in the curious world
we live in today; this only came out in public as the answer to a question
raised in the German Parliament. Some reflection on the nature of these
guarantees, that the European Union had decided not to tell us about, causes me
to think of them as “Ponzi Bonds.” These are the seeds of a great scheme that
has been foisted upon us. Bonds of a feather that have flocked together and
arrived with the black swans one quiet Wednesday afternoon. The
quoted and much ballyhooed sovereign debt numbers are now known to be no longer
accurate and hence the lack of credibility of the debt to GDP data for the
European nations .
Stated more simply; none of the data that we are given about sovereign debt in
the European Union is the truth, none of it. According to Eurostat, as an
example, the consolidated Spanish debt raises their debt to GDP by 12.3% as
Eurostat also states, and I quote, that guaranteed debt in Europe “DO NOT FORM
PART OF GOVERNMENT DEBT, BUT ARE A CONTINGENT LIABILITY.” In
other words; not counted and so, my friends, none of the data pushed out by
Europe about their sovereign debt or their GDP ratios has one whit of truth
resident in the data. , The
Schrodinger Inflation: Ignore All Time High March Gas Prices, BLS Tells You
Inflation Is Lower Than Expected Durden
3-16-12 Just spent a record high amount at the gas pump for this time of
year? The BLS says you didn't, and after all when it comes to reality, the BLS
has a right of first refusal. The just printed headline CPI came at 0.4%, just
in line with expectations of 0.4%, while core CPI of 0.2%, missed expectations
of 0.3%. That's right: not only is inflation meaningless, it is less than
expected, leading to surge higher in stocks, bonds and the EURUSD. As for those
items which are once again soaring in prices such as food and gas? Luckily,
those can be hedonically adjusted by everyone to virtually zero. (wait? You
still pay your mortgage or rent? Sucker!) Remember: the iPad is deflationary. ,
Goldman person leaked Apple, Intel secrets: lawyer , Fed revises stress test losses { ‘… dit helicopter ben shalom
b.s.bernanke, mais, quelle est la difference …’? Indeed, bunglow ben; no difference at all!
After all, we’re dealing with total manipulated b***s*** anyway so who’s really
counting, paying attention! } , Lacker:
Fed Will Need to Raise Rates in 2013
The Wall Street Journal, Proposed
UN Environmental Constitution For The World Would Establish An Incredibly
Repressive System Of Global Governance
http://albertpeia.com/unenvironmentalconsrepressiveglobalgovernance.htm
Apple
Weakness Due To Removal From Deutsche Bank Short-Term Buy List Durden Spanish
Housing Re-Plunging
Durden The
"New Normal" American Dream Of Renting Is About To Become Very
Expensive
Durden Goldman
Again Selling Russell 2000 To Muppets Durden Both
The Market and Government Are Irrational Paul Craig Roberts | One of the
great economic myths is that markets are rational. Not a day passes without
this myth being disproved scores of times, but the myth persists. [ The
‘psychological factor’ has always been a component in the valuation of securities
which valuations, good or ill, collectively give rise to the ‘markets’. The
mythical part is the presumption of rationality accorded the ‘market-makers’
which, despite their glaring irrationality and propensity for fraud (I’d
conservatively say that wall street is comprised predominantly, I’d estimate
90%, of psycho/sociopathic personalities), is still decidedly and pathetically
vis-ŕ-vis the rest of the ‘go along to get along’ world, criminally insane wall
street. , 80
Percent Of Americans Say That They Are Not Better Off Than They Were Four Years
Ago http://albertpeia.com/80percentamericaworsethan4yearsago.htm
, Doomsday
Survey: 51% of Americans Believe a Financial Collapse Is Imminent Mac Slavo Philly
Fed Is Out With Latest "Schrodinger" Economy Print Durden Remember
when the Chinese PMI posted both a contraction an expansion for the month of
March, with Markit showing a sub-50
contractionary print , while the Chinese version showed 51, or expansion, in
other words China was both stagnating
and growing at the same time released
Philly Fed index (which also soared
by virtually the highest amount in real terms on record! In other words, in
New York , Terminated
CBO Whistleblower Shares Her Full Story With Zero Hedge, Exposes Deep Conflicts
At "Impartial" Budget Office Durden Earlier today, we
suggested that in the aftermath of the Greg "Muppets" Smith NYT
OpEd, contrary to assumptions by Jim Cramer, a bevy of potential whistleblowers
would step up to tell their tale of fraud and corruption across all walks of
life - from Wall Street to, far more importantly, Washington, consequences be damned.
This was paralleled by an alleged JPM
whisteblower describing to the CFTC the firm's supposedly illegal
activities in the precious metals space , Jamie
Dimon Warns Employees To Stay Mum On Muppetgate Durden , From
One Ex-Goldmanite To Another: Nomi Prins Statement On Greg Smith's Resignation Durden I
applaud Smith's decision to bring the nature of Goldman's profit-making
strategies to the forefront of the global population's discourse, as so many
others have been doing through books, investigative journalism, and the Occupy
movements over the past decade since my book, Other
People's Money , was written after I resigned from Goldman. It would be
great if Smith's illuminations would serve as the turning point around which
serious examination and re-regulation of the banking system framework would
transpire. , As
Whistleblowing Becomes The Most Profitable Financial 'Industry', Many More
'Greg Smiths' Are Coming Durden Minutes ago on CNBC, Jim Cramer announced that Greg
Smith will never get a job on Wall Street again as "one never goes to the press. Ever. the
opportunity cost to defect from the club has also collapsed. it is not only ok to go to the press, but is in fact
cool. , Charting The
Legacy Of The Baby Boomers Durden While it is difficult to properly attribute blame for
the collapse of the US economy, which commenced in the early 1980s, on either
the Fed's policy of easy money starting with Alan Greenspan (and terminating
with today's statement by Goldman that merely a suggestion of "not
easing" may be equivalent to "tightening" - a
symptom of a terminal junkie Muppet-Gate
Meets Blank-Berg
Durden In one of
the strangest headlines from Bloomberg today, MuppetGate takes on a new life...*MAYOR BLOOMBERG MEETS WITH GOLDMAN EMPLOYEES AFTER
SMITH OP-ED , Guest Post:
Gridlock In DC
Durden The first
session of this 112th Congress was spent with Democrats and
Republicans at loggerheads over the debt ceiling, taxes, spending cuts, the
deficit super committee, appropriations bills and finally the extension of
unemployment compensation and a two-month extension of the payroll tax cut.
Standard and Poor's downgrade of the United States' federal debt was due in
part to all the haggling over how, and actually whether, to reduce the debt. No One Is Willing to Pay the Political Price to Cut
Spending The
Iceland Financial Renaissance Miracle Continues Durden Here
Is Why Everything Is Up Today - From Goldman: "Expect The New QE As Soon
As April"
Durden Confused
why every there
is $3.6 trillion more in QE coming . But while we are too humble to take
credit for moving something as idiotic as the market, the fact that just today,
none other than Goldman Sachs' Jan Hatzius came out, roughly at the same time
as its call to buy
Russell 2000 , and said that the Fed would announce THE NEW QETM ,
as soon as next month, and as late as June. Furthermore, as Goldman has
previously explained, sterilization of QE makes absolutely no difference on
risk asset behavior, and it is a certainty that the $500-$750 billion in new
money (well on its way to fulfilling our expectation of a total $3.6 trillion
in more easing to come), in the form of UST and MBS purchases, will blow out
all assets across all classes, while impaling the dollar. Which in turn
explains all of today's action - dollar down, everything else (including bonds,
which Goldman said yesterday
to sell which we correctly, at least for now, said was the bottom in rates)
up. Finally, as we said, yesterday, "In conclusion we wish to say - thank
you Chairman for the firesale in physical precious metals." Because when
the market finally only high
humor, Goldman itself has
been expounding on the improving economy The improvement might not last." unless the "economic
improvement" is guaranteed in perpetuity, the Fed will always ease Obama
Aide Refutes Report On SPR Release Durden We thought it was getting stupid one post ago., It's
Official - US, UK To Release Strategic Oil Stocks Durden The
Big Fat Greek Lie Is Now Obvious to Spain… So Who’s Next to Default? March 15, 2012 By gpc1981 , The Daily Market Report
Mar 15th, 2012 Rising Interest Rates
Signal Oncoming Inflation
The
Real Problem At Goldman Sachs? You, The Muppet Client Forbes , Guest
Post: Money from Nothing - A Primer on Fake Wealth Creation and its
Implications (Part 2) ZeroHedge.com 3-14-12 Only in a debt-based money system could debt be
curiously cast as an asset The
Big Fat Greek Lie Is Now Obvious to Spain… So Who’s Next to Default? March 15, 2012 By gpc1981 http://gainspainscapital.com
‘The big fat Greek lie being spread throughout the financial community is that Greece more before more U.S.
Current Account Deficit Likely to Go Wider The Wall Street Journal , ‘.. while markets may be in rally mode, analysts are
still fretful about near term sales momentum at these large multinationals lowest
expected growth rate for the current quarter since we started keeping tabs Elijah
Cummings Is First Political Muppet To Issue Goldman Op-Ed Response Durden 3-14-12
It was literally a matter of hours following the release of the
now historic Greg Smith "Muppets" Op-Ed, before the true criminals
enabling the slow motion trainwreck of the Keynesian klepto-fascist experiment
became heard. , Commodities
Crumble As Stocks Ignore Treasury Selling Durden
3-14-12 , Durden
3-14-12 In keeping with the tradition of waking up to reality with a
several month delay on downgrades (if being the first to upgrade insolvent
Eurozone members), here comes Fitch, to boldly go where Moody's went long ago. -UNITED KINGDOM L-T IDR OUTLOOK TO NEGATIVE FROM
STABLE BY FITCH -FITCH AFFS UNITED KINGDOM AT 'AAA'; REVISES OUTLOOK TO
NEGATIVE What
Closing The Straits Of Hormuz Will Mean In 3 Simple Charts Durden 3-14-12
, Guest
Post: The Vampire Squid’s Problems Durden
3-14-12 Goldman
doesn’t have to give a damn about its clients because the vampire squid
has found a much more lucrative way of insuring their bottom line : government largesse. , On
This Day In History.... Gas Prices Have Never Been Higher Durden 3-14-12
, 30
Year Prices At Highest Yield Since August 2011 Durden
3-14-12 , Official
Memo From Lloyd And Gary To Employees: "89% Of You Provide Exceptional
Services To Clients" Durden
3-14-12 The Greg Smith drama refuses to go away (probably for a reason).
Earlier, we presented
a spoof response from a spoof Goldman CEO. Now, courtesy of the WSJ, here
is the real memo sent out from Lloyd and Gary to employees in which we learn
that "89% of Goldman employees self reported they provide exceptional
services to their clients." But what about the remaining 11%? Because out
of 10 employees, just one is required to rob a client, whatever that means
these days anyway, blind. Oddly enough, didn't CFA Magazine just
find that 10% of all Wall Streeters are psychopaths? , Biderman on Dow 6000 Durden 3-14-12
The storm clouds gathering behind Charles Biderman, CEO of
TrimTabs, are a perfect analogy for his fascinating treatise on the key to long
term bull markets and why the Dow could get cut in half. Bringing together the critical fundamental driver of P/E multiples - income
growth critical secular shift of this fundamental driver -
communications breakthroughs Dow will go to 6000 Farage
On Europe: Determined But Delusional Durden
3-14-12 , It's
Official - Apple Is Now Bigger Than The Entire US Retail Sector Durden 3-14-12 A company whose value is
dependent on the continued success of two key products, now has a larger market capitalization (at $542 billion),
than the entire US retail sector (as defined by the S&P 500). Russia
Discloses The Iran Ultimatum: Cooperate Or Be Invaded By Year End Durden 3-14-12
Kommersant is reporting that "Tehran has one last chance" probability of an Israel/US attack on Iran is now a
specific 'when' instead of an indefinite 'if' The invasion will happen before year’s end Russia Today points
out, criticized the 'last chance' rhetoric as unprofessional suggesting
"those tempted to use military force should restrain themselves - a war
will not solve any problems, but create a million new ones." , Ron
Paul’s Economic Platform Cheered by ‘Black Swan’ Author Ron Paul 2012 |
2012 Republican Presidential candidate Ron Paul’s economic platform of fiscal
restraint was praised today by one of the world’s premier risk managers. , American
flag with President Obama’s image sparks outrage at Florida Democrats
FoxNews.com | An American flag with President Obama’s image in place of the
stars flew over a Florida county’s Democrat headquarters.
The
Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American
Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm [Aside from the desecration issues, from a
purely aesthetic perspective, that picture on the flag of that ugly monkey
obama is an absolute disgrace and affront to any rational person’s aesthetic
sensibilities!]
Two
Reasons Why the Global Economy Will Slow and Government Promises to Retirees
Will be Broken March 13, 2012 By gpc1981 http://gainspainscapital.com ‘The coming years will be marked by a seismic
change in the economic landscape in the US. Firstly and most importantly, we
are going to see economic growth slow down dramatically. , CBO
Hikes 2012 Budget Deficit Forecast By $97 Billion In One Month, Sees $1.17
Trillion In Funding Shortfall Durden
3-13-12 , ECRI Stays with
Recession Call New American | The
vicious cycle is starting where lower sales, lower production, lower employment
and lower income [leads] back to lower sales…BOB ADELMANN New
American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm
, Guest
Post: How Does FINRA Lose 8 Hours of Testimony? Wall Street’s “Kangaroo Court” Durden 3-13-12
, Troika
Finds Greece Already Likely To Miss Bailout Budget Targets Durden 3-13-12
, Fed
Stress Test Released: Citi, SunTrust, Ally And MetLife Have Insufficient
Capital Durden
3-13-12 , Market
Summary: FOMC Snoozer Followed By Premature Exuberation Durden 3-13-12 ,
Dave’s Daily: http://www.etfdigest.com 3-13-12 ‘Bernanke & Co had nothing new to
say and one assumes this must be bullish as stocks shot higher after the
announcement. Gold fell as it was “risk on” for stocks and as the dollar rose
slightly. Select commodity prices rose (USO, JJC) while bond prices continued
to fall as yields rose. Retail Sales were higher but below expectations (1.1%
vs 1.2% exp. & prior .6%) ex autos and gasoline sales were up only .6%.
Goldman Sachs same store sales data for the week was .7% vs 1.3% prior…’ , Conned 2012: Joseph Kony Is A CIA Contractor [ Yeah, cia, mossad, kony, they look like and
are a bunch of spooks. ] Saman
Mohammadi | Former European MP, journalist, and author Richard
Cottrell says Lord Resistance Army is backed by CIA and Mossad. , Who
Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm U.S. Does
High Frequency Trading Add To Market Liquidity? Vote Here (No!) Durden 3-13-12 At this point it is safe
to say that the world has far greater issues
than simple trade scalping and a broken market structure courtesy of the few
robotic algorithms that still trade, even compared to three years ago. Back
then it was far less obvious that the global ponzi was on the edge every day,
and that only coordinated efforts such as today's one-two punch by Jamie Dimon
and his subordinates at the FRBNY could mask the fact that the stress test was
never actually needed, as any time banks suffer a 20% drop the Fed would simply
proceed to the New QE (pass go, and give the $200 direct to the banks). And
yet, years after the flash crash, pervasive central planning notwithstanding,
the High Freaks are still around, subpennying, stub quoting, channel stuffing
and otherwise making a total mockery of the retail investor (at least the one
who is dumb enough to put in a limit order and not split up a big order into
many tiny ones). Which is simply stunning - by now, even if reading just a
fraction of the hundreds
of posts on the topic on this site alone of which this one may be the
most encompassing , one would think that everyone, and that even includes the SEC Is
This The Chart Of A Broken Inflation Transmission Mechanism? Durden 3-13-12 Sean Corrigan presents an interesting chart
for everyone who still believes that, contrary to millennia of evidence
otherwise, money is not fungible. Such as
the Lerry Meyers of the world, who in a CNBC interview earlier said
the following: "I’m sorry, I’m sorry, you think he doesn't have the right
model of inflation, he would allow hyperinflation. Not a prayer. Not a prayer . If you wanted to forecast
inflation three or four years out and you don't have it close to 2%, I don't
know why. Balance sheet, no impact. Level of reserves, no impact, so you have a
different model of inflation, hey, you like the hawk on the committee, you got
good company." (coupled with a stunning pronouncement by Steve Liesman:
" I think the Fed is going to be
dead wrong on inflation. I think inflation is going up ." - yes, quite
curious for a man who for the longest time has been arguing just the opposite: 5 minutes into the clip ).
, Japan's
Shocking Keynesian Slip: "We Are Worse Than Greece" Durden 3-13-12 Japan is fiscally worse than Greece ". Bloomberg
is reporting that, at a conference in Tokyo, Yasushi Kinoshita says Japan Japanese financial system
is much more vulnerable to fiscal shocks ( cough energy
price cough ) than Europe . Of course, the
market is catatonic in its reaction to this - mesmerized by the possibility of
buybacks and hypnotized at big-banks-passing-stress-tests - though we do note
the small reverse stronger in USDJPY has reversed as this news broke and the USD
pushes modestly higher. , Four Big
'Troubles' In Little China Durden
3-14-12 While not quite as dramatic as Kim Cattrall in a cheongsam, the recent group-think of 'heads bulls win, tails bears lose" on the
back of seemingly ever-rising strike prices on central bankers implied-puts is
becoming crescendo-like . Nowhere is this more evident in China Japan (ZIRP, deflation, and zombification), US
(ZIRP, addiction, and energy prices), and Europe
(print, subordinate, and alienate foreign bond purchasers) and the care with
which even insane printers must tread for fear of upsetting the world economy.
Tonight we hear from China 's Premier Wen that, via Bloomberg ,
China Yuan is close to equilibrium
levels . Furthermore the veiled threat that China-US cooperation is better than confrontation , which brings us
to four charts we found interesting in their
potential to upset the euphoria of a global race-to-the-bottom which apparently
makes US stocks invincible. , Why
Are Millions Of Americans Preparing For Doomsday? http://albertpeia.com/preparingfordoomsday.htm The Greek PSI
Lawsuits Begin Durden
3-12-12 , Is
The ECB Masking Accelerating Deposit Flight In Italy And Spain? Durden 3-12-12 , Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT FOR THE FED 3-12-12 ‘There’s
little to comment regarding Monday’s market action. Investors have absorbed the
Greek default (by any other name, it’s still a default) for now anyway. And,
not that you care, but new Greek bonds issued to those lucky private holders
are already being heavily discounted. In fact, as issued the yields were
already steep at 18% but they’ve already dropped to yield roughly 25%. What
bulls have mixed feelings about are the ongoing reductions in GDP estimates
from many economists with most cutting forward view to 1.5% to 1.8%., Yet
Another US Debt Infographic Durden 3-12-12FX Fatcat , which by now everyone has seen
in some capacity, is how out of date it is, as the latest debt is $15.518 trillion ,
or $100 billion more than shown here in "March 2012." , Adding
Insult To Injury, Greek Gas Prices Are Now The Highest In Europe Durden 3-12-12
, 3
Charts On Not Buying The 'Global Recovery' Risk Rally
Durden
3-12-12 While 'good is good, and bad
is better'-market Critically, for all those 'hoping' for the pump to
be primed and a self-sustaining recovery to take hold, we present three charts
to rain on that parade. Whether the world's central bankers come back to the table
is unclear, given their clear concerns at what they have done recently, but we suspect
this is much more a 'when' than 'if' question and given the performance of
asset and volatility markets, it seems this is more than priced in. , As
If There Was No Risk Tomorrow: Complacency Hits Record As VIX Craters Durden 3-12-12 , Market
Shorts At 4 Year Lows, In Hibernation For Second Straight Month Durden 3-12-12 , Jon
Hilsenrath Is Scratching His (And The NY Fed's) Head Over The Job Number
Discrepancy And Okun's Law Durden
3-12-12 , Mark
Grant On The Increased Risks of Owning European Sovereign/Bank Debt Durden
3-12-12 , View
From The Bridge: And They Think It’s All Over… Durden
3-12-12 So Greece has been saved – is that right? Well according to ISDA
(the International Swaps and Derivatives Association) a “Restructuring Credit
Event has occurred with respect to the Hellenic Republic Encumbrance
101, Or Why Europe Is Running Out Of Assets Durden
on 03/11/2012 , Financial
Repression Has Come Back to Stay Mar 12th, 2012 15:24 by News
(Bloomberg) — As they have before in the aftermath of financial crises
or wars, governments and central banks are increasingly resorting to a form of
“taxation” that helps liquidate the huge overhang of public and private debt
and eases the burden of servicing that debt.Such policies, known as financial
repression, usually involve a strong connection between the government, the
central bank and the financial sector. In the U.S. ,
as in Europe , at present, this means
consistent negative real interest rates (yielding less than the rate of
inflation) that are equivalent to a tax on bondholders and, more
generally, savers . , China Trade Deficit
Spurs Concern Mar 12th, 2012 , Greek bonds
trade at distressed levels Mar 12th, 2012 , Is
Germany Actually Preparing To Leave The Euro? http://albertpeia.com/isgermanyleavingeuro.htm Half of
British Black Men Are Unemployed [ Yet, this is totally understandable. ] The
Independent |
,Welfare
recipients trade in food stamps for cash to buy illicit street drugs, weapons
Natural News | Some of the 46.3 million Americans currently enrolled in the
federal food stamp program traded their benefits for cash so they could then
purchase drugs and guns., GE’s
Immelt: Global Economy In ‘New Era’ Of Instability wsj.com | Expects interest rates to stay
low for an extended period. , U.S. Still Down 6
Million Jobs smartmoney.com | Damage to employment done by the
Great Recession is still far from repaired., Gas
prices sink Obama’s ratings on economy, bring parity to race for White House
Washington Post | Disapproval of President Obama’s handling of the economy is
heading higher — alongside gasoline prices., The
Fed’s Manipulation Of The Market Is Driving TrimTabs’ Charles Biderman “Even
More Nuts Than He Already Is” Zero Hedge | TrimTabs Charles Biderman made
waves for being the first person on prime time financial TV to tell it how it
is, namely that the Fed is indirectly and directly affecting asset prices. http://albertpeia.com/zerohedgebiderman.htm
, Drudgereport: PAIN IN THE PUMP! 44 DOWN TO 41 Fed stress testing banks
against 13% unemployment, 50% drop in stock market... PAPER: Germany proposes a
'DRUDGE Tax'... Guest
Post: Money from Nothing - A Primer On Fake Wealth Creation And Its
Implications (Part 1) Durden
3-12-12 What is fraud except creating “value” from nothing and passing
it off as something? Frauds interlink and grow upon each other. Our debt-based
money system serves as the fraud foundation. In our debt-based money system,
debt must grow in order to create money. Therefore, there is no way to pay off
aggregate debt with available money. More money must be lent into the system to
make the payments for old debts. This causes overall debt to expand as new
money for actual people (vs. banks) always arrives at interest and compounds
exponentially. This process is called financialization. Financialization : The process of making money from
nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset
(i.e. wealth, gain). In current financialized economies “wealth expansion”
comes from the parasitic taxation of productivity in the form of interest on
fiat lending. This interest over time consumes a greater and greater share of
resources, assets, labor, and livelihood until nothing is left. , The
Fed’s Manipulation Of The Market Is Driving TrimTabs’ Charles Biderman “Even
More Nuts Than He Already Is” Zero
Hedge http://albertpeia.com/zerohedgebiderman.htm March 12, 2012 ‘..as we have
demonstrated with the now terminal
evacuation of faith by the retail investor in the gross manipulated stock
“market” which is nothing but a nominal ‘Well,
it is official. The restructuring deal between Greece Goldman
Cuts Q1 GDP Forecast To 1.8% On Trade Deficit Surge
Durden Moments ago we tweeted that
today's surge in the trade deficit will force banks to start cutting GDP
forecasts. Sure enough, Goldman as usual, is the first to set the tone, by
cutting its ultra real time GDP forecast from 2.0% to 1.8%. , The Part-Time
Economy (Redux) Durden While not shocking to most, the jump in temporary
workers that we cited earlier is perhaps the biggest indicator of job 'quality'
gains. As we discussed
here last month , the US market economy remains mired in a low
quality (“first-fired, first-hired categories rather than the type of core
hiring that would build a stronger foundation for income growth,” as
FTN's Jim Vogel describes it) recovery. About 160k of private jobs added in Feb are
'low-paying work' which left
average hourly earnings up only 0.1% (notes David Ader at CRT) - hardly the
recipe for a sustainable recovery and perhaps the slow leak in stocks post the
number is the rude awakening to that reality. As w enoted before, "not
only is America slipping ever further into a state of permanent
"temp job" status , but that a "quality analysis" of the
jobs created shows that the US job formation machinery is badly hurt, and just
like the marginal utility of debt now hitting a critical inflection point, so
the "marginal utility" of incremental jobs is now negative " , US
Trade Balance Worst In 39 Months With Largest 3 Month Drop In 20 Years
Durden NFP
Prints At 227K On Expectations Of 210,000, Unemployment Rate At 8.3% Boosted By
Temp Jobs Durden , Import surge sends China trade to decade-deep deficit , Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 ‘The all-important Employment Report was
positive beating estimates but was lower than previous reports (227K new jobs
vs 210K expected & prior revised higher 284K: unemployment rate unchanged @
8.3%). Under the radar screen were Business Inventories missed (.4% vs .6%
expected & 1% prior), and the Trade Deficit worsened (-$52.6B vs $-50.4B).
The latter was caused by petroleum which will heighten domestic energy policy
debates. The trade report caused Goldman Sachs (GS) to lower GDP estimates to
1.8% as if anyone cared. “Soon or late, everyone sits down to a
banquet of consequences.”Robert Louis Stevenson Stevenson’s quote reminded markets late the Greek
default (structured or otherwise) has triggered CDS
(Credit Default Swap) events . Some major investment banks (you know, the
usual suspects) have underwritten and sold these products for generous fees.
Now it’s time to pay the piper. , Unpopular but True - The Larger Bear Market Still Looks Intact , Jobs
Data Improve, but Growth Picture Darkens The Wall Street Journal , Train
Reading: The Underlying Trouble With the Jobs Report The Wall Street Journal- , Zachary
Karabell , Iceland
calls its former PM to account for financial crash Esther Addley | Haarde is to date the only politician anywhere in
the world to face criminal charges over the financial crisis., GE’s
Immelt: Global Economy In ‘New Era’ Of Instability wsj.com | Expects interest rates to stay low for an extended
period. , U.S. Still Down 6
Million Jobs smartmoney.com | Damage
to employment done by the Great Recession is still far from repaired. , Gallup:
Unemployment Jumps 0.5 Percent in February Washington Free Beacon | Largest month-to-month increase since December
2010. , Greece
Default Is Official; Insurance Payouts Triggered CNBC | That entitles holders of Greek credit default
swaps to compensation., Greeks in
Despair: Suicide rate record high Russia Today | Greeks’ financial woes continue to snowball., Fitch
Downgrades Greece to ‘Restricted Default’ Business Insider | Fitch just downgraded Greece from “C” to
“restricted default.”, Security:
UK ‘must plan for euro collapse’ BBC | Ministers should draw up plans to
deal with a break-up of the eurozone “as a matter of urgency”, a committee of
MPs and peers has warned., 18
Statistics That Prove That The Economy Has Not Improved Since Barack Obama
Became President http://albertpeia.com/18statseconomynotimprovedsinceobama.htm
‘Has the economy improved since Barack Obama became the president of the United
States? Of course not. Despite what you may be hearing in the
mainstream media, the truth is that when you compare the U.S. economy on the day that Barack Obama was
inaugurated to the U.S. Greece
Has Defaulted: Here Is Where We Stand Durden After reading this, everyone should have a fairly
good grasp of what happened not only today, but ever since the great (and quite
endless) European financial crisis took center stage, and what to look forward
to next... , Chris
Martenson Interviews Robert Mish: Front-Line Evidence That We are Nowhere Near
a Gold Bubble Durden Germany
Wants New European Constitution: "There Are New Centers Of Power In The
World." Durden As
First Greek CDS "Anstalt" Appears, A Question Emerges: Did Banks Not
Square Off Margins? Durden The irony is not lost on us that Bloomberg
is reporting that KA Finanz, an Austrian bad-bank supported by the
Austrian government, faces as much as a €1 billion need for funding to cover
its exposures to Greek CDS (coughcreditanstalt cough). In a
statement this morning, which we noted in a tweet, the bank noted "activation of the
CDS with an assumed loss ratio of about 80% would mean an additional
provisioning charge of EUR 423.6 million" . KA Finanz's total amount of Greek CDS exposure is
around EUR1bn. What is shocking and should be of great concern is that we have
been led to believe that very little net cash will change hands on the basis of
the $3.2bn net aggregate market exposure. This was based on the now false
premise that variation margin was maintained and transferred throughout the
process (as we note below from recent IMF filings). What appears to have
happened is that dealer to dealer variation margin has been, let's say, less
rigorous as perhaps all collateral was netted up across all exposures (or
simply ignored on the basis of government backstops). The far bigger question
then is: are banks simply marking ALL sovereign CDS at par, and not paying off
cash to other dealers? Remember
it only takes one counterparty in the chain to turn net into gross and quality
collateral seems tied up a little right now at the ECB (or with margin calls).
, ISDA
CDS Trigger Decision Is Unanimous Durden In light of today’s EMEA Determinations Committee
(the EMEA DC) unanimous decision in respect of the potential Credit Event
question relating to The Hellenic Republic (DC Issue 2012030901), the EMEA DC
has agreed to publish the following statement:The EMEA DC resolved that a
Restructuring Credit Event has occurred under Section 4.7 of the ISDA 2003
Credit Derivatives Definitions (as amended by the July 2009 Supplement) (the
2003 Definitions) following the exercise by The Hellenic Republic of collective
action clauses to amend the terms of Greek law governed bonds issued by The
Hellenic Republic (the Affected Bonds) such that the right of all holders of
the Affected Bonds to receive payments has been reduced. The EMEA DC has
resolved to hold an auction with respect to the settlement of standard credit default
swaps for which The Hellenic
Republic ISDA
Finds Greek Credit Event Has Occurred Reports Bloomberg
Durden Total confusion around this, as there is no formal
Press Release from ISDA yet, but since this one comes from Bloomberg, let's
assume they have double checked their data. From Bloomberg: *ISDA EMEA
DETERMINATIONS COMMITTEE: RESTRUCTURING CREDIT EVENT *ISDA SAYS CREDIT EVENT
HAS OCCURRED WITH RESPECT TO GREECE *COMMITTEE DETERMINES AUCTION TO BE HELD ON
MARCH 19 *ISDA EMEA: AUCTION TO BE HELD ON OUTSTANDING CDS TRANSACTIONS , Greece
- Round III, In Which We Learn That Greek Debt Actually INCREASED Post-Default
Durden The
18 Most Important Names For The Rally To Be Sustained Durden While
everyone is focused on AAPL, or tech names, or energy sector growth, or
multiple expansion as the driver of the next leg up in stocks, we take a slightly
different tack . US equities are
back above the highs of last year while US Until credit markets come
along for the exuberant ride, and buy into the recovery/growth/no-tail-risk
story we will not see a sustained rally (no matter how much fiat currency devaluation is undertaken) and as
BARCAP notes today, there are 18 names that account for more than 50% of the
discrepancy between equity's ebullience and credit curmudgeon-ness . Of these 18 names, 13 are financials
(unsurprisingly) and indeed these are among the most liquid credits traded. So
if you are bullish on a sustainable recovery, buying these credits seems the
best high beta 'value' trade while bears should continue to watch the lack of
confirmation of USD/fiat-numeraired equity market enthusiasm by risk-based
credit markets. , Part
Time Workers Celebrate The Recovery With Soaring Gun Purchases
Durden Following continued strength in earnings (and
analyst upgrades), Smith & Wesson is up 23% this morning (near three year
highs). It seems all those freshly printed temporary workers are spending their
hard-earned minimum wage on 'defense' instead of iPads , Why JPM
Sees A "Lot More Printing" By The ECB
Durden While the catalyst for much of the recent rally in
risk assets seems to have been on the back of Europe clambering back from the
edge of the abyss (and admittedly hope for better global growth and US
decoupling), JPMorgan's Michael Cembalest notes that Europe remains very much
an Achilles Heel going forward. With former ECB member Stark's recent comments
on the already 'shocking' quality of the ECB's balance sheet, it is the outflows (or
net balance of payments) from the periphery that means the ECB will simply have
to keep printing . , Guest
Post: Our "Let's Pretend" Economy: Let's Pretend "Job Growth Is
Best Since 2006" Durden The Ministry of
Propaganda and its media minions are announcing that "job growth is on a
tear" and the "best growth since 2006." How about we look under the hood of the employment
euphoria? Here is an example of the Ministry's work: Best
U.S. employment growth in 12 years Almost all the data agree — labor
market’s on a tear.Over the past six months, the number of people who are
employed has risen by 2.3 million — an average of 385,000 per month. That’s the
best growth since early 2000, when the dot-com bubble was in full flower. Since
August, the unemployment rate has fallen by 0.8 of a percentage points, to
8.3%. For adults over 25, the jobless rate has fallen to 7%.In other words,
people who generally work full time so they don't have to share a bunk in a
flop house or live in their parents' basement are almost fully employed, as
'full employment" typically generates an unemployment rate of 5% just due
to churn. Would we as a nation be better off dealing with the truth rather than
believing fantasies that prop up the Status Quo and the Fed's dearly beloved
measure of the economy, the stock market? How often does accepting illusion
help us navigate real life? Short answer: never. , Guest
Post: Backing Into World War III? Durden According to the doctrine of pre-emptive war, Iran can be attacked based on its alleged desire
to develop nuclear weapons, just as Iraq Brazil , Japan Iran Iran recently, I
can attest to the Joint Chiefs' General Dempsey's reference
to Iran America , or Israel Israel
, D.R.
Horton: Bear Expects Stock's Rally To Snap The Wall Street Journal , U.S. Unemployment Up
in February
Mar 8th, 2012 , ECB Sees Shrinking Euro
Zone Mar 8th, 2012 0 (The Wall Street Journal) — The European Central Bank
Thursday admitted that the euro-zone’s economy is likely to contract this year,
and that inflation will outstrip the bank’s medium target…, Mr. Market:
Get It Through Your Head, The PSI DOESN’T Matter March 9, 2012 By http://gainspainscapital.com ‘I don’t
know how many times I have to say this, but I’m saying it again.Greece and the
Euro are finished. The math is impossible. There is no way on earth that this
Second Bailout accomplishes anything worthy of note. The idea that this country
will somehow return to economic growth within two years, based on an additional
€130billion in bailouts is outright insane.Remember, Greece already received
€110 billion in bailout funds in 2010… and still posted GDP growth of -4.5% in
2010 and -6.8% in 2011. Greece failed accelerate any five years. Spain and Italy
must be watching what’s happening in Greece and asking themselves whether they
want to go through this whole process of negotiating for bailouts via austerity
measures US
Budget Deficit Hits All Time High In February Durden , Not
So Fast On That Whole Economic Recovery Thing http://albertpeia.com/notsofastonthateconomicrecoverything.htm U.S. America United States Dave’s Daily: http://www.etfdigest.com higher ] ‘The previous theme over the past 3 years
may be repeating as 2012 moves forward: “Bad news is good, good news is
better”. Of lying and willfully misleading investors is a path we shouldn’t go
down. The truth is the most thoughtful people involved with markets are being
steamrolled by central bank liquidity. Whether it’s the ECB, Bank of England,
Bank of Japan, People’s Bank of China or the U.S. Fed QE and ZIRP trump all
other analysis. If employment or eurozone conditions are weak you must put your
mind with “Orwellian” thinking since bad news means more liquidity. Good news
means good news and asset prices will inflate even more…’ , Why
Is Global Shipping Slowing Down So Dramatically? http://albertpeia.com/globalshippingslowingdramatically.htm , Greece
Issues Statement On PSI, Says €172 Billion Of Bonds Tendered In Swap, Will
Enact CACs, ISDA To Meet At 1pm To Find If CDS Trigger Durden Risk-Off
Initial Reaction To PSI Deal Durden Broadly speaking markets are derisking post the PSI
deal announcements. Treasuries are 1-2bps lower in yields, EURUSD is down
35pips or so under 1.3230 (and JPY is rallying as carry is unwound), ES has
dropped -5pts, Gold and Silver are sliding modestly, and WTI is off its peak
but remains over $107. , Has Japan Run
Out Of Cans To Kick?
Durden Japan's Trade and Current Account im balances appear to be hitting some kind of terminal velocity and while
neither JGBs nor CDS seem to reflect the ensuing chaotic recognition that
perhaps the can that has been so faithfully kicked down the "Nishi-no-michi" chosen
heretical method du decade ) may well be coming face to face with reality. ,
The
Stranger Beside You - Spouses And ETFs Durden ETF fund
flows have been a uniformly positive source of capital into U.S. risk markets
in 2012. Looking a little deeper at the decidedly 'risk-on' flows, Nic Colas
(of Convergex Group ) notes perhaps their most provocative feature has been their
high degree of net concentration LQD, HYG and JNK in fixed income, VWO in emerging
markets, VXX in risk, and GLD in commodities Reuters
Reports That Hedge Funds Have Found Greek Default Trigger Loophole Durden While the
general market mood is one of pre-default euphoria reminiscent of that in the
pre-Lehman weekend, clouds may be brewing. As Reuters
reports , "Some hedge funds have found a legal loophole they believe
will force Greece to repay some of its
debt in full Obama
Denies Trying To Bribe Israel In Exchange For Iran Bombing Delay Durden Guest
Post: The Story Behind US Gas Price Pain Durden Texas
Instruments Cuts Guidance As Usual, Fifth Consecutive Cut Durden The US
Deleveraging Is Now Over Durden The credit bubble is now officially back., Fed's
Advice On Trading The Sun's Moodiness Durden While we have unapologetically highlighted some of
the incredible taxpayer-funded research undertaken by the Fed such as "Why
water is wet?" and "Why the sky is blue?", this little gem from
the Atlanta Fed takes the proverbial biscuit: "Playing the Field:
Geomagnetic Storms and the Stock Market… , Greek
"Fresh Start" Bonds Face Immediate 80% Loss, 98% Probability Of
Redefault Durden Presenting
Europe's Schizophrenia Post LTRO Durden Guest
Post: Our "Let's Pretend" Economy: Let's Pretend Financialization
Hasn't Killed the Economy Durden , Art
Cashin Deconstructs The Fed's Paradoxical QE Approach Durden Yesterday
we were quite amused to
note that following the Hilsenrath leak (pre-backpeddaling as a result of
some FRBNY spanking) of a sterilized QE that for supposedly tries to avoid
"generating" inflation (hence confirming that QE does in fact
stimulate inflation instead of being a tool to lower rates and make housing
affordable) the market reaction was... inflationary, with stocks rising, but
far less than crude and gold. So much for the Fed's trial balloon to see if it
can intervene in the market without costing Obama a few million ballots. Today,
Art Cashin observes precisely the same paradoxical response in his daily note.
, Obama
Promises Bunker Busters To Israel If Netanyahu Delays Iran Invasion Until After
US Elections
Durden Some Problem Banks May Never Exit Federal Bailout WSJ , The
Moon Claimed The Titanic; Will The Sun Sink The Stock Market? The Wall Street Journal [ Well, I don’t know
about the Titanic, but the moon surely sunk the slimy newt. As for the stock
market, it’s still about the moon as in lune as in lunatics, which they are.
This is a great opportunity to sell, take profits since there’s much worse to
come. ] , Does
China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger
its neighbors’? Sounds like it; but, it’s really all about cost structures
which are far less in China
which is the primary reason for China Weimar , Consumer
Most Upbeat Since Fall 2008, RBC Survey Says The Wall Street Journal [And, we all know what happened then!] , Durden Switzerland
Wants Its Gold Back From The New York Fed 3-8-12 [ Good luck with that. As with fort knox Zero Hedge | Needless to say the implications of
this vote actually succeeding are comparable to the Greeks holding a referendum
on whether or not to be in the Eurozone.
1
Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm
U.S. Europe are on the verge
of financial implosion. Most Americans aren't paying much attention to
that, but they should be, because what is happening to Greece and Italy U.S. Dave’s Daily: http://www.etfdigest.com planted featured in the WSJ .
This again is mana for bulls
and they can’t get enough of it. , Jim
Grant Must Watch: "Capitalism Is An Alternative For What We Have Now" Durden 3-7-12 , Perspectives
On A Printing Press Pause Durden
3-7-12 , Switzerland
Wants Its Gold Back From The New York Fed Durden
3-7-12 [ Good luck with that. As with fort knox Earlier today, we
reported that Germans are increasingly concerned that their gold, at over
3,400 tons a majority of which is likely stored in the vault 80 feet below
street level of 33
Liberty (recently purchased
by the Fed with freshly printed money at far higher than prevailing
commercial real estate rates for the Downtown NY area), may be in jeopardy,and
will likely soon formally inquire just how much of said gold is really held by
the Fed. As it turns out, Germany is not alone: as part of the "Rettet Unser Schweizer Gold Gold Initiative”: A Swiss Initiative to Secure the
Swiss National Bank’s Gold Reserves initiative, launched recently by four members of the Swiss
parliament, the Swiss people should have a right to vote on 3 simple things: i)
keeping the Swiss gold physically in Switzerland; ii) forbidding the SNB from
selling any more of its gold reserves, and iii) the SNB has to hold at least
20% of its assets in gold . , Central
Bank Attempt To Sucker In Retail Investors Back Into Stocks Has Failed Durden 3-7-12 , China
Moves To Further Marginalize Dollar: Offers CNY-Denominated BRIC Loans Durden 3-7-12 Today we observed how as
the US is considering releasing
crude from its Political, pardon Strategic Petroleum Reserve, China was
doing just the opposite China
is acting as a much more rational capitalist power, and is rapidly encroaching
on the "reserve" status of the sacrosanct USD, the FT
writes that China another
step toward the internationalisation of its currency ." To those following the
stealthy Chinese incursion into currency markets as a dollar alternative, this
is not news: already we know that China
and Japan have bypassed the dollar entirely and now engage in direct
bilateral trade using JPY and CNY (even as most other
nations in Asia have developed bilateral agreements to transact in a non
dollar basis). This is merely the latest incremental step which will see China US will be merely another Zimbabwe January
Consumer Credit Surges As Government Blows Student Debt Bubble To Epic
Proportions Durden
3-7-12 , Tim
Price On One Of The Most Overlooked Aspects Of The Financial Crisis Durden 3-7-12 An engineer, a biologist
and an economist are washed ashore on a desert island. After a few days without
food they are starving. Eventually, they stumble on a can of beans on the
beach. They spend a few minutes considering how they might feed themselves. The
engineer is the first to speak: "We could hit the can with a rock until it
opens." The biologist counters, "We could suspend the can in a
seawater solution and wait for erosion to work its magic." The economist
is last to contribute: " Let's just assume we have a
can-opener ."
OK, so it's not the funniest joke in the universe. But it has the ring of
truth. , The
Bears Explain The Price Of Gas (Special GOP Primary Edition) Durden 3-7-12 In their own inimitable
manner, the two bears are back to take on gas prices. Dismissing the higher
demand thesis, concerns of the lack of supply, instability in the Middle East,
and of course speculators (the same ones who were blamed for financial stocks'
deterioration), our favorite speakers-of-the-truth point to what is the only
relevant factor - the falling dollar . The Bernank once again stars for his schizophrenic
perspective of asset price rises. , The Death of The
PIIGS Illustrated Durden
3-7-12 Yesterday we pointed to
the fundamental
reason for Europe's angst - that of dramatic imbalance across nations
finances. Today we look at the implications of the growing concerns at
sustainability of the Euro-area itself. Deposits are fleeing the PIIGS at ever faster rates, growth
remains a dream
as PMIs for most of the PIIGS trend towards (or are at) record lows, and
despite all the liquidity provision of the two LTROs, credit
extension to the real economy dropped once again., Wall
Street's Knee Jerk Responses To Hint Of More QE Durden
3-7-12 , Stocks,
Precious Metals Spike On Report Fed Considering "Sterilized" QE Durden 3-7-12 , Goldman Is
"Bearish By A Thousand Cuts" Durden
3-7-12 , As
US Contemplates Releasing Crude From The Strategic Reserve, China Resumes
Building Emergency Inventory Durden
3-7-12 , Defense
Secretary Panetta Testifies On Situation In Syria, Honorable Warmonger #1 John
McCain Presiding Durden
3-7-12 , Home
prices at levels of 10 years ago: CoreLogic Mar 7th, 2012 (HousingWire).. PG View : The negative wealth effect
associated with a decade of lost appreciation in home values does not bode well
for consumption and the broader economy. , US
consumer credit rose to $17.78 bln in Jan, well above market expectations of
$10.0 bln, vs negative revised $16.3 bln in Dec. Mar 7th, 2012 by News
, Erste
Group’s Complete 2012 Oil Price Outlook – “Nothing To Spare”, Crude Could Reach
$200 Zero Hedge | In 82 pages, Austrian Erste Group has extracted the key
aspects and variables for the world oil market. , ‘Blind’
Fed Owns More US Treasuries Than China – Ruining Fixed-Income Policy Gauge
Daily Bell ‘‘ We live in a world that is becoming
increasingly unstable, and the potential for an event that could cause
"sudden change" to the U.S. U.S. European
Banks Now Face Huge Margin Calls As ECB Collateral Crumbles Durden 3-6-12 In what could prove to be
the most critical unintended consequence of the ECB's LTRO program, we note
that as of last Friday the ECB has
started to make very sizable margin calls on its credit-extensions to
counterparties 'Deposits Related to
Margin Calls' rapid
deterioration in collateral asset quality is extremely worrisome… , Financials
Implode As Volatility And Volume Explodes Durden
3-6-12 , Allen
Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine
Walking Free Durden
3-6-12 … Of course, his real Worst Day In
Europe Since Rally Began Durden
3-6-12 While we have noted the comparative weakness in European credit
and sovereign markets, stocks had so far remained hopeful until today. Bloomberg's broad BE500 index of European stocks fell
2.8% today, its worse performance since mid-November when the recent
rally began On
China And The End Of The Commodity Super-Cycle Durden
3-6-12 , ECB
Surpasses €3 Trillion, Still Most Undercapitalized Hedge Fund In The World Durden 3-6-12 , Dave’s Daily: http://www.etfdigest.com China news
about a Greek structured default but that isn’t anything new or unexpected.
Creditors have until Friday to accept or participate in a bond swap and Greece Vital
Signs: Slowing Services Hiring The Wall Street Journal , 15
Reasons Why U.S. Economic Crisis Is An Economic Consolidation By Elite Banking
Powers The American Dream http://albertpeia.com/15reasonscrisisconsolidation.htm
, Ben
Bernanke Says That His Son Will Graduate With $400,000 Of Student Loan Debt http://albertpeia.com/studentloandebtbubble.htm $870 billion owed on student loans in
the United States right now. Other sources claim that the total amount of
student loan debt in the United
States one trillion dollars . , “Dr
Doom” sees Iran-Israel clash, says buy precious metals Mar 6th, 2012 by News , Bernanke Gets Back to His Academic Roots WSJ Kristina Peterson ‘…Later this month, Mr.
Bernanke will become the first sitting Fed chairman to deliver a college
lecture series…’ [ Now, if a resignation preceded same; eh, who cares. Or, if
he wasn’t the dismal fed failure he is (as his recent predecessors); eh, not so
much. But this blatantly failed reappointed debacle walking should be in no
wise spending any time or energy spouting his ‘pearls of is dumb’ ( http://albertpeia.com/30bunglebenbernankequotes.htm ) to
albeit captive academic audiences in the soft, warm, womb-like hallowed halls
of academia. If he wants to curl up in a fetal position, let him do so at the
crumbling failed fed building. Absolutely preposterous! ] , Guest
Post: Welcome To Year Five In The Crazy House Durden
3-6-12 Welcome to the Crazy
House just keep quiet, listen politely to
their ravings Fed
economists slam TARP (LTRO?) in a paper measuring the rescue fund's effect on
risk-taking at TBTFs Daily Collateral 03/06/2012 Paging the eurozone: Forcing banks to lend in a
recession didn't work here in 2008. It made things worse. Next:
Bankruptcy for a whole Generation testosteronepit 03/06/2012 A dysfunctional system takes its toll. , At
Least 4 Greek Pension Funds, Including That Of Police, Refuse To Go Ahead With
PSI Durden
3-6-12 , Jon
Corzine's Family Responds To Accusations Against The Patriarch Durden 3-6-12 - 14:59 MF
Global their With
$700 Billion In QE3 Already Priced In, Who Will Blink First? Durden 3-6-12 Something interesting happened when the ECB
announced last week that its balance sheet was about to rise by €1 trillion gross,
and hit a record €3 trillion net earlier today: the EURUSD barely budged. Why?
Because as a reminder, the key driving relationship for relative risk
performance of 2012 as we forecast
back in December is the correlation of the Fed and the ECB's balance
sheets, and the EURUSD, respectively, because while we may pretend that there
is still alpha in this joke of a market, the truth is that in this new normal
only beta matters (the more lever the better), and the only beta that matters
is that generated by relative USD strength/weakness. , The
Latest Hamptons' Tennant: The US Military Durden
3-6-12 As Iran tensions mount, even
the US Military needs a break and where better than The Hamptons to practice
desert-driving skills? Have
Wall Street Bonuses Become Too Big To Fall? Durden
3-6-12 For all the drama surrounding Wall Street bonuses in a year in
which Wall Street profitability was cut in half to just $13.5 billion, the
worst since the collapse and bailout of 2008 and 2009 (and compared to $27.6
billion in 2010 and $61.4 billion in 2009), one would think that the average
banker would see zero bonus in 2011, or in some cases, especially if they
worked at a Greek bank, be told to pay for the privilege of working. The truth
is that according to official data
from the NY City Comptroller, the average bonus dipped by just 13% in 2011,
declining modestly from $138,940 to $121.150. , Some
Observations On Recent Gold (And Silver) Volatility Durden
3-6-12 On February 29, gold dropped 4.8% and silver 6.2% (based on London these
ain't nothin', baby The
Mainstream Media Still Doesn’t Get the ECB Greek Debt Swap March 6, 2012 By gpc1981 http://gainspainscapital.com ‘First off, the details of the swap are as
follows: the ECB simply exchanged 50€ billion worth of old Greek sovereign
bonds (which were soon to be worth much less if not be outright worthless) for
50€ billion worth of new
, 3
Charts On The US Consumption Crash Dead-Ahead Durden
3-5-12 , Apple
Encounters Gravity As 3rd Biggest Drop In 3 Months Drags Market Down Durden 3-5-12 , IIF
Steering Committee Holds Only 20% Of Greek Bonds Subject To PSI Durden 3-5-12 , Biggest
3-Day Slump in 3 Months for High-Yield Bond ETF Durden
3-5-12 , McCain
Calls For US To Lead Effort To Begin Syrian Air Strikes Durden 3-5-12 Sen. McCain calls for US to lead 'international
effort' to begin air strikes on Syria. Dallas
Fed's Fisher "Perplexed" By Wall Street "Fetish" With QE3
And Disgusted With The Addiction To "Monetary Morphine... Durden 3-5-12 , Chris
Martenson: Japan Is Now Another Spinning Plate In The Global Economy Circus Durden 3-5-12 For those who are in a
hurry today, the bottom line is that Japan is in serious trouble right now and
is a top candidate to be the next black swan. *The total shutdown of all 54 nuclear plants Japan 's trade deficit *A budget deficit debt 235% of GDP *A recession debase the yen , De-Investifying
China Durden
3-5-12 The overnight news that
China's economic growth forecast was cut is notable in that it brings to mind
the complexities (and realities) of the shift from an investment-led economy to
consumption-led sustainability… , Guest
Post: Enjoy The Central Bank Party While It Lasts Durden
3-5-12 Central banks are
printing money all over the world. Now
THAT Is Cold - 19 Signs That America Is Becoming A Very Heartless Place http://albertpeia.com/19signsamericaheartless.htm , How
Long Until The Bank Of Israel Has To Be Bailed Out On Its Apple Investment? Durden 3-5-12 , European
Credit Signals LTRO Ineffectiveness Durden
3-5-12 , Hopium
Tank On Empty Durden
3-5-12 , Greek
1 Year Bond = 1006% Durden
3-5-12 , Art
Cashin On Technical Indicators Turning Red Durden
3-5-12 , IIF's
Doomsday Memorandum Revealed: Disorderly Greek Default To Cost Over €1 Trillion Durden 3-5-12 , Ron
Paul: "I Think Sanctions Give Iran Motivation To Want A Nuclear
Weapon" Durden
3-4-12 , David
Rosenberg: "The Best Currency May Be Physical Gold" Durden 3-3-12 , Fed’s Fisher: Wall Street May Be Addicted to Cheap Money By
Michael S. Derby ‘A key Federal Reserve Federal
Reserve Bank of Dallas Richard Fisher Bert
Dohmen: China - Already in a Recession
KuciloOro
on January 22, 2012 Bert Dohmen: China US Is
‘Right Now in a Recession’: Dohmen Capital ( Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ Prelude To Meltdown Spain’s
sovereign thunderclap and the end of Merkel’s Europe Mar 5th, 2012 By
Ambrose Evans-Pritchard(The Telegraph) — The Spanish rebellion has begun,
sooner and more dramatically than I expected.As many readers will already have
seen, Premier Mariano Rajoy has refused point blank to comply with the
austerity demands of the European Commission and the European Council (hijacked
by Merkozy).Taking what he called a “sovereign decision”, he simply announced
that he intends to ignore the EU
deficit target of 4.4pc of GDP for this year source ]PG View Spain You
Cannot Build a Strong Economy or a Bull Market on Fudged Numbers and Lipstick
March 5, 2012 By gpc1981 http://gainspainscapital.com ‘Let’s say that you just spent a large sum,
to the tune of several trillion Dollars, bailing out various businesses that
were literally run into insolvency by shortsighted and greedy business
practices.Having spent this money, your next concern becomes avoiding popular
outrage as sooner or later folks will find out that this money was practically
given away and that everyone else got a raw deal.So, at that 1)The
businesses you bailed out need to appear successful and profitable again 2)The
economy you “saved” needs to look to be in recovery.This is precisely the
blueprint for what the Powers That Be have followed post 2009. Regarding the
bailed out businesses, the large banks are posting great profits by writing down
bonds they own (and recording this as a profit) and by lowering loss reserves…,
Non-Manufacturing
ISM Prints At 57.3, Higher Than Expectations Durden
3-5-12 In 2011 it was Europe's turn to baffle everyone with bullshit. it
still is, but now it has added China (whose Services ISM printed both below and
above 50 depending on which data one uses, whether Markit or HSBC), and the US,
as it is now the turn of the Services
ISM to beat expectations and print at 57.3, on expectations of 56.0, and
higher than the prior 56.8 - this beat comes just as the market was expecting a
major drop in the aftermath of the big manufacturing ISM miss (Goldman was well
below the consensus on today's number), and appears to have printed where it
did just to keep the confusion about the true state of the US economy in place
as Bernanke vacillates whether or not to proceed with QE3 and when. Curiously,
the most important subindex ahead of this Friday's NFP data, the employment
indicator, showed a decline from 57.4 to 55.7, just to make an NFP beat all
that much more 'surprising.' That said, as Bloomberg's Joe Brusuelas notes,
this data is stale and does not reflect the recent gasoline price shock, which
as of today has regular has at a 2012 high of $3.767 ,
compared to $3.503 this time last year. Elsewhere, and in keeping with the Mfg
ISM data, US Factory Orders slid 1.0% on expectations of an unchanged print
from last month's 1.4% increase. Finally, stocks are completely unmoved on all
of this data…, On
Contagion: How The Rest Of The World Will Suffer Durden
3-5-12 Insolvency will keep dragging the Euro-Area economy down until
sovereign and bank balance sheets are repaired, eliminating the Ponzi debt without fracturing the
entire credit system is impossible. US precipitate a European
banking crisis in the foreseeable future Ireland Couple
Lives In $1.3 Million, 4,900 Square Foot Home For Five Years Without Making A
Single Mortgage Payment Durden
3-5-12 Wonder how Americans can afford to buy millions of iGadgets, a
second LCD TV for the shoe closet, and eat at restaurants more than almost any
time in the past despite sliding personal income? Simple - increasingly fewer
pay the biggest staple bill in a US without
ever making a single mortgage payment other perfectly
responsible and hard-working
, As
Greek CDS Hit Record, German Economy Minister Accuses Greece Of Reneging
Durden Guest
Post: If This Is Such a Strong Economy, Why Does This Chart Look Recessionary?
Durden Art
Cashin On Why The "Economy Is Weaker Than It Has Been In 21 Months"
Durden The key focus of Cashin's daily letter today has to
do with the steadfast resilience of the ECRI's Lakshman Achuthan, who called
for a recession back in September, and when asked yesterday if he reaffirms his
call, he says "Consider it reaffirmed." He then proceeds to list out
the "key, hard facts" summarizing the litany of truth as follows:
" The
economy is weaker today than it has been in 21 months. " … , Warm
Weather Did Boost Economy Goldman Finds, Will Now Be A Drag
Durden While last winter every downtick in corporate
earnings was promptly "explained away" by executives using the harsh weather Who Is
Most Exposed To The Oil Price Shock? Durden Over the past 5 months, the only reason the US
market, and this economy has outperformed the world (or "decoupled"
in the case of so-called US fundamentals) is because the trillions in
incremental liquidity from generous central planners have homed in on US
equities like a heat seeker, in the process boosting confidence, and in a
reflexive fashion, making consumers believe that things are getting better (for
producers of printer cartridge maybe, everyone else just keeps getting worse
off in real, not nominal, terms).
Paradoxically, the trillion plus injected into the system from the ECB, ended
up helping not Europe, but the US US US every $10 increase in
crude prices, cuts US GDP by
1%, and less than that in Europe and the ROW. As noted yesterday and today, "strategists"
have already started trimming their GDP forecasts. How long before we end up
seeing already weak growth turn negative as a result of the most recent central
planning reliquification experiment? Because it will - central intervention
always leads to adverse consequences in due course. Only this time, corporate
profits will not allow the economy (read the markets) to pull itself up by the
bootstrap, as they have topped and are now sliding lower. , Geithner
Pens Another Ridiculous Op-Ed Durden Nearly two years after his catastrophic
foray into Op-Ed writing, here is Tim Geithner's latest, this time making
the hypocritical case to "not forget the lesson from the financial
crisis"... which he himself ushered on America as head of the New York Fed . Frankly we are quite sure it is not even worth
reading this drivel: the unemployed man
walking he supervised all the banks that subsequently fell , and the Treasury), and we are fairly confident that
reading anything written by this pathological failure will cost collective IQs
to drop by 10 points at a minimum. Hey Tim: is there
a risk the US can get downgraded ? Any risk? , Bank
Of America Joins Goldman In Cutting Its Q1 GDP Forecast
Durden Spain
Forecasts 24.3% Unemployment In 2012, 1.7% GDP Contraction
Durden What
Carry Trade? Euro Banks Deposit Entire LTRO 2 At ECB, Bring Total To Over $1
Trillion Durden When
explaining the practical effect of Wednesday's second and certainly not last
LTRO, we
said that "when it comes to explaining why Europe's banks are not only
not deleveraging but increasing leverage while paying an incremental 75 bps on up to €700 billion in
deposits soon to be handed over
to the ECB, one needs all the favorable spin one can muster." We also
estimated that net of rollovers and other tangents, the true net liquidity add
would be €311 billion and
" the
final number by which the ECB's deposit account will increase will be about
€210 billion less than the overhead number " of €529.5 billion. Sure enough, as of this
morning , A
default that isn’t a default and a sale that isn’t a sale : Bruce
Krasting 03/02/2012 Deception. , If
The Guilty Are Never Punished, Housing Will Never Recover ilene 03/02/2012
Less risk, maybe, but that's a long way from a sustained recovery.
, CDS,
Huh. What It Is Good For? Absolutely Nothin? The Wall Street Journal ,
WLI is
124.2 up from the prior week’s reading of 123.1. The
lowest reading for WLI on record was 105.3 for the week ending March 6,
2009. WLI
growth rose to a negative 3.0%, up from last week’s reading of negative
3.5% The
lowest reading for WLI growth on record was -29.9% on December 5, 2008. It
turned higher months before the stock market [S&P 500 (SPY )]
bottomed on March 6, 2009, at 666.79.
WLI made a 28 week high. It has not been this high
since August 12, 2011, when it was 124.7. WLI growth made a 27-week high. It
has not been this high since August 19, 2011, when it was a negative 1.0…Last
week in the article "ECRI
Remains Bearish on US Economy - Recession Still Expected " ECRI
reiterated their call for a recession this year with these key points:
Since September Recession Call, ALL of the data used
to define recessions is slowing.
Year-over-year
GDP Growth peaked in Q3 2010, fell to 1.5% in Q2 2011 and has been
flat-line since then. Personal
Income Growth and Broad Sales Growth see Same kind of pattern Industrial
production at 22 month low
Put
those into a COINCIDENT INDEX then it shows the growth has been slowing. We
have not had a decline like that in the Coincident Index without a recession in
the last 50 years. ECRI's Co-Founder & Chief Operations Officer, Lakshman
Achuthan, said recession should begin by mid year 2012. He says revisions in
the data might say a recession has already started just like the last
recession. If the recession is starting now, then the consensus should figure
it out in about six months (August.)…’ , Moody's
Cuts Greece to Lowest Debt Rating
TheStreet , Despite Recent Gains, S&P is Still Stuck in Bear Market
, Housing Still Drowning in Underwater Mortgages By Kathleen Madigan , Half
a million UK retirement plans shattered overnight as pensions plunge , 30
Stupid Things The Government Is Spending Money On The
American Dream http://albertpeia.com/30stupidgovtspendings.htm "How
Did You Not Notice 24-Year-Olds Were Being Paid $2 Million A Year Who Clearly
Didn’t Know Anything?” Durden Michael
Lewis' scathing, aphoristic, uber-sarcastic style need no introduction. As such
we will leave this brief clip from Slate, in which The Big Short author is
asked how to avoid a new financial crisis, without much commentary (the answer is
that under the current status quo system it is impossible to guarantee no more
financial collapses, even if How did you not notice 24-year-olds were being paid
$2 million a year who clearly didn’t know anything?” Erik
Townsend: Expect a US Price Shock as Black Swans Come Home to Roost Durden American
investor (and longtime CM.com member) Erik Townsend has spent the past several
years living internationally, with an eye to which countries may be good
alternatives if economic crisis and/or Peak Oil start to materially impact life
in the US. His main observation as an expat? Through its misguided
policies, the US has been exporting inflation to the rest of the world, raising
prices all over the globe (as an example, he cites a $57 chicken pot pie from
the menu at a 'working class' restaurant in Australia). This inflation is
affecting the rest of the world harshly, but is not yet being felt in the US We Were Off By Two
Months Durden Back on May
25 2010, just as the Greek fiests was starting to unravel, we
wrote the following : "Total US debt per today's Daily Treasury
Statement was $12,989,095 million. Also today, the US US
has $13,031,095 billion in debt: congratulation America By the end of
2011, we estimate total US Argentina , Japan
and Greece two
months European
Solidarity - "Everybody Knows The Spanish Are Lying About The Figures” Durden Back in
October, when Greece was rewarded with further bond haircuts for progressively
missing its economic targets, even after having gotten caught on at least one
occasion making its economy appear worse than it was, we said that it is only a
matter of time before "Portugal,
Ireland, Spain and Italy will promptly commence sabotaging their economies simply to get the same
debt Blue Light special as Greece Irish and
the Portuguese
proceeding to slowly but surely do just that. Today, it was Spain's turn to
make it 3 out of 4 after as Reuters noted so appropriately, "Spain defies
Brussels on deficit target" clarifying that "Spain set itself a
softer budget target for 2012 on Friday than originally agreed under the euro
zone's austerity drive, putting a question mark over the credibility of the
European Union's new fiscal pact. Prime Minister Mariano Rajoy insisted he was
acting within EU guidelines because the plan was still to hit the European
Union public deficit goal of 3 percent of gross domestic product (GDP) in
2013." That Italy is sure to follow is absolutely guaranteed, however just
because the ECB is now indirectly monetizing BTPs the true impact will be
delayed far more, and instead of taking prompt steps to remedy the situation,
the European complacency will be accentuated by the fact that bond yields are
very low, and supposedly indicates the true state of the economy. No Economist
explains the reaction to Spain's surprising statement today perfectly... , Mike
Krieger Asks Whether September 11, 2001 Is Our Big Lie Durden
, John
Taylor Warns Of A “Highly Disastrous, Totally Uncontrollable Inflationary
Conflagration” Zero Hedge | A must read from FX
Concept’s John Taylor for anyone who has been following the global central
bank’s exponential balance sheet expansion over the past several months. , Austerity
Measures Only Lead to More Bailouts.... So Who's Going to Bailout the ECB When
It Goes Bust? Phoenix Capital... 03/01/2012 - 15:08 Europe is
broke. Completely and totally broke. The whole notion of bailouts and debt
swaps is pointless here, you’re talking about systemic failure due to the
entire financial system being insolvent ... , Why is the Financial World So
Messed Up? March 1, 2012 By http://gainspainscapital.com
‘Why is the financial world so
messed up? Because it’s run by Central Bankers. And those folks view money very
differently from the businesspeople who actually create businesses, jobs, and
wealth. , Dave’s Daily:
http://www.etfdigest.com ‘European stocks rose early on
thoughts from bulls that the sovereign debt crisis will be contained. (Well,
maybe for a week or two.) China U.S. American
Institute for Economic Research which showed by their measure inflation
really at 8%. This seems more logical and reasonable based on their
methodology.Stocks once again were higher early until it was reported a Saudi
energy pipeline suffered an explosion. It’s unconfirmed even if it happened or
if it was an accident or a terrorist attack. But that only gave bulls pause as
dip buying resumed and markets closed higher…, John
Taylor Warns Of A "Highly Disastrous, Totally Uncontrollable Inflationary
Conflagration" Durden Goldman
Closes Long Russell 2000 Trade On "Sagging Macro Data", "Softer
Patch In US Data" Durden Busy day
for our friends from Goldman who are now turning quite bearish it appears
following the two GDP cuts earlier., Goldman
Lowers Q1 GDP For Second Time In One Day Durden ISM Misses Big Durden Somehow or
another, our earlier
joke that the ISM should beat the highest Wall Street estimate quickly
became the whisper number, which was to be expected in the aftermath of
yesterday's comparable Chicago PMI action. Which is why when the final ISM came
at a whopping miss of 52.5, on consensus of 54.5, and down from 54.1, the market
was less than happy. It gets worse: while the bulk of major ISM index
components dropped in February, with PMI, New Orders, Production, Employment
and Deliveries all down (Inventories unch), it was the scariest component that
posted a major jump as Prices soared +6 to 61.5, the highest since June. And
with Exports and Imports both improving, this proves that already in February
rising gasoline prices started impairing US manufacturing. But don't tell that
to the cheerleaders: because who was in the top spot of Wall Street
"forecasters" if not Joe LaVorgna with his estimate of 56.0 for the
ISM…., Next
Leg Of The Ponzi Revealed - Foreign Central Banks To Begin Buying US Stocks
Outright Starting Today Durden We were speechless when we read this from
Bloomberg..., As
Spirits Soar, Two Bubbles Worth Watching Durden Watch
PressTV Live Coverage Of Alleged Saudi Pipeline Attack Durden Saudi
saying no, PressTV saying yes. Watch live coverage from the Iranians below. , Here Comes The
Saudi Denial Durden The latest
in this story: -Saudi oil officials
says reports about attack on pipeline are untrue- Dow Jones Saudi Arabia Photo
Of Pipeline Fire And Map Of Awamiya Region Durden Another update from Arab Digest. , WTI Passes
$110 Durden Update 1: WTI touches $110.55 before retracing
to just under $110. Stops triggered following WTI crossing $110. SPR
announcement due any minute? Also, we give a CME margin hike a probability of
about 60% at this point. , Saudi
Oil Pipelines Destroyed In Explosion, Sends Crude Soaring Durden Among the many factors responsible for the
jump in WTI to just shy of $109 over the past hour, and Brent to new records in
various currencies, is the following news reported so far only by Iranian PressTV : "An explosion has hit oil pipelines in the flashpoint
Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province. EUR
Brent Takes Out All Time Highs Durden Guest
Post: About Those High Gasoline Prices… Look Again Durden Greece
May Default on Governments, Peterson’s Kirkegaard Says Mar 1st, 2012 (Bloomberg) — Greece will
probably default this year on European governments’ holdings of its sovereign
debt, according to Jacob Kirkegaard of the Peterson Institute for International
Economics., China’s
Share of Reserves in U.S. Dollar Dives Mar 1st, 2012 (The Wall Street
Journal) — —Fresh U.S. Treasury data suggest that China has lost its taste for
investing as much of its $3.2 trillion in foreign-exchange reserves in U.S.
dollars , Officials
Rule No Payout on Greek Swaps Mar 1st, 2012 (NY Times) — The International
Swaps and Derivatives Association said on Thursday that based on current
evidence the Greek bailout would not prompt payments on the credit default
swaps.But the organization warned that the situation in Greece was “still
evolving” and such payouts might be necessary in the future “as further facts
come to light.”In the midst of the Greek drama, credit-default swaps, financial
instruments intended to protect against losses on debt, have been a point of
concern.As part of restructuring, bondholders will be required to take a 70
percent loss on their holdings. The deal was structured as a voluntary
exchange, which would not have triggered the credit-default swaps.[source ]PG View Prices
Cut Into Household Incomes at The Wall
Street Journal
, Bernanke:
Money Market Funds Still at Risk of Runs at The Wall Street Journal , Europe, Beware the Ides of March Oil
Tops $110 as Tensions in Middle East Keep Investors Jittery at The Wall Street Journal , February
Fund Flows 'Risk On,' But Winds May Be Shifting at Barrons.com , 2012 Update: What Part III of the financial crisis will look
like http://pro.stansberryresearch.com/1011PSIENDVD/PPSIN223 Global finance:
‘The Shylock model’ Adrian Salbuchi Bernanke
cites harm from long-term unemployment ,
, Grantham
Goes Marxist! : ilene 03/01/2012
- 19:44 This situation just can't last. Or can
it? , Grantham Goes Marxist! By Phil of Phil's Stock World “Capitalism
threatens our existence.”That's the message today from legendary investor
Jeremy Grantham, whose GMO Capital manages $97Bn and, like Buffett, puts out an annual letter to investors . It’s now getting to be an old and obvious
story, but because the corporate propaganda is good and despite the solidness
of the scientific data, half of the people believe the problem is a government
run wild, mad to control everything… Here are some of Grantham’s finer points :
Capitalism
too heavily discounts the future value of cash flows as it seeks to raise
debts: “Your grandchildren have no value.” "For
example, let us say that a firm’s current actions are going to cost
society at large a billion dollars’ worth of harm in 50 years. Further,
let us agree that all of the costs will definitely be imposed on the
company. The company would feel that pain today as equivalent to only a
mere $1 million hit to earnings. Why should they care?" Companies
foolishly reward executives for taking on debt: “Total remuneration ...
for senior officers ... rose as a percentage of the average worker’s pay
from 40 times in Eisenhower’s era to over 600 times today with no
indication of any general improvement in talent.” It’s
about profit, not people: “Capitalism in general has no sense of ethics or
conscience. Whatever the Supreme Court may think, it is not a person.” The
more people borrow, the more they just gamble: “Leverage ... increases
your returns over and over until, suddenly, it ruins you. ... There are no
Investors Anonymous meetings to attend.” This
time, it’s not so different: “Ignore the ... inevitable cheerleaders who
will assure you that this time it’s a new high plateau ... even if that
view comes from the Federal Reserve itself. No. Make that, especially if
it comes from there.” Washington is
becoming a corporate subsidiary: “What Capitalism has always had is money
with which to try to buy influence. ... The issues they influence are
precisely ... the ones that are most important to society’s ... very existence.” Big
companies can’t help it: “Ethical CEOs can drag a company along for a
while, but this is an undependable and temporary fix.” Economic
theory ignores natural laws. It suffers an “absolute inability to process
the finiteness of resources. ... Capitalism wants to eat into ... limited
resources at an accelerating rate with the subtext that everyone on the
planet has the right to live like the wasteful polluting developed
countries do today.” It’s
not just inexpensive oil we are running out of: The “loss of our
collective ability to feed ourselves, through erosion and fertilizer
depletion — has received little or no attention.” Americans
are too optimistic: “They adopt a hear-no-evil approach to life and listen
exclusively to good news. ... There are always a few experts lacking in
long-horizon vision, simple common sense, or whose co-operation has been
rented, like “expert” witnesses at a murder trial, who can be dragged out
to reliably say that everything will always work out fine.” Governments
must step in. “To interfere with Marx’s apocalyptic vision, we need some
enlightened governmental moderation ... before capitalism gets so cocky
that we have some serious social reaction.” Where
Marx and Engels got it wrong was in thinking workers would unite. “It’s
going to be hard to have a workers’ revolution with no workers. Organizing
robotic machine tools will not be easy.”
Does Grantham go too far or is he just part of the
growing chorus of Capitalists questioning Capitalism? As I said in 2009
in "A Tale of Two Economies ," the widening gap between the
rich and the poor has gotten to the point where it is now harming the system
and some (not too many, I'm afraid) of us Capitalists don't think it's prudent
to simply take what we can from what's left of the bottom 99%'s wealth as if
our fate is not entwined with theirs…’ ,
Durable
Goods Big Miss -4%, Expected -1%, Biggest Sequential Drop Since January 2009 Durden 2-28-12 ‘The Dow has closed above
13,000 for the first time since 2008, and the mainstream media is declaring
that a strong economic recovery is underway. Barack Obama is telling
anyone who will listen that his economic policies are a huge success, and U.S. U.S. U.S. Why
Is the Financial World So Messed Up? Phoenix Capital... 2-29-12 - Why is the financial world so messed up? Because
it’s run by Central Bankers. And those folks view money very differently than
the businesspeople who create businesses, jobs, and wealth. Germany
Will Force Greece Out or Walk… Either Way a Collapse is Coming http://gainspainscapital.com February 29, 2012 By gpc1981 Europe has now reached the
point that the major players have shown their hands. And they are:
1) Germany will
not put up more money unless Greece Germany read Germany Germany were seen to be working hand in hand
(aside from the usual political spats) to save Europe .
But between the ECB’s decision to swap out its Greek debt for new debt that
won’t take a hit in the event of Greek default as well as its recent rejection
of Greek debt as collateral for LTRO loans, it appears that the ECB is
increasingly going to make Europe’s problems Germany’s
Ron
Paul To Ben Bernanke: "People Lose Trust In The Government Because You Lie
To Them About Inflation" Durden
2-29-12 , China
Dumps $100+ Billion In USTs In December Per Revised TIC Data; UK Is Now
Russia's Shadow Buyer Durden
2-29-12 , Fed's
Beige iPad Notes The Usual Regurgitated Fluff About The Economy Durden 2-29-12 For those confused, the
Fed's Beige
Book has been upgraded to the Beige iPad (apparently Ben is not a fan of
the black or white version). Regardless, the latest version has just been
released spewing forth the usual reflexive platitudes, in which the economy is
said to be better because the stock market is higher, and so forth. In other
words, the same stuff that completely ignores $110 WTI. Via Bloomberg: -FED
SAYS U.S. ECONOMY EXPANDED AT `MODEST TO MODERATE PACE' - FED SAYS CONSUMER
SPENDING WAS `GENERALLY POSITIVE' -FED SAYS MANUFACTURING EXPANDED AT `STEADY
PACE' NATIONWIDE And more such headlines
which nobody will actually read, except for the algos
which scalp the optimistic tone put there precisely for such a purpose .
, More
Liquidity Extraction: Fed Resumes Reverse Repos Durden
2-29-12 , Ben
Bernanke: "The ECB Is Well Capitalized" Durden
2-29-12 [Preposterous!] , Dave’s Daily:
http://www.etfdigest.com see
WSJ story ) was based on the idea Bernanke would take QE3 off the table
sending interest rates higher. The size of these trades created a domino effect
triggering heavy selling in commodity markets, especially with precious metals
which are also on an options expiration cycle. Much of the related selling was
triggered by HFT algos piling headlines with selling. It’s also been common the
past couple of years now to see some deliberate manipulation of prices by a
handful of institutions in precious metals markets at the futures and options
exchanges …’ , Does UPS Deserve to Be in the Dow? [ Yes! ] , 17 States
Considering State Banks Noel
Brinkerhoff Gold,
Silver Plunge As Fears Monetary Punchbowl Is Taken Away Spread Zero Hedge | It seems the initial drop
was merely the appetizer as Gold and Silver are now down considerably… , Another
Unintended Consequence: $80 Billion ‘Gas Price’ Tax On Consumption Zero
Hedge | The 60-cent to 80-cent increase in gas prices nationwide over
the past two months is equivalent to a $60 billion to $80 billion annualized
tax on consumption. , Dollar Alternative Anyone?
Greg Hunter | Countries around
the world have been actively seeking ways to not do business in dollars for the
past few years.
And so the
transition to the QE3 "economic disappointment" regime begins.
Because after the ECB is done with the LTRO it's over for global QEasing, and
the Fed is next. Remember- Bernanke's semiannual testimony to Congress is
tomorrow. Whatever will he say.... -Headline Durable Goods plunges from +3.2 to
-4% on expectations of -1% -More painfully, Durable goods non-defense ex
aircraft down a whopping -4.5% on Exp of -1.3%, down from +3.4%. Visually, this
is the lowest Durable Goods number since January 2009 , Ireland
Mentions "R" Word, EUR Plunges Durden Silver
Passes 30% YTD As Catch 22 Economic "Updates" Becomes Blurry Durden It
Begins: ECB Calls For Bids In 3 Year LTRO Durden JPM Pwns Nancy
Pelosi Durden , THiS Is TROIKA! : williambanzai7 02/28/2012 "There will be no glory in your sacrifice.
I will erase even the memory of free Greece , 20
Signs That Dust Bowl Conditions Will Soon Return To The Heartland Of America http://albertpeia.com/dustbowlusa.htm , Conditions
Ripe for Inflation Inferno, St. Louis Fed Economist Warns The Wall Street Journal ‘… …’ [ Let’s get real here. Inflation’s vastly
underreported / manipulated (ask any grocery shopper with meats, etc., up
30-50-70% to even 100% year over year most recently; and then there’s those gas
prices), particularly now, and is already rampant! ] , Dave’s Daily:
http://www.etfdigest.com ‘Headline writers are busy
spinning the Dow breaking above 13,000. It’s a neat headline but as Ace
Greenberg was fond of saying: “It’s just a number.” But this is the number Main Street
, Stocks'
Strength Could Prompt Pensions To Sell --- SocGen Barrons.com [ Wise move! ] , US
Case-Shiller 20-city composite home price index (nsa) -1.1% to 136.7 in Dec, vs
neg revised 138.2 in Nov; -3.99% y/y.
Feb 28th, 2012 by News US
durable goods orders -4.0% in Jan, well below market expectations of -1.0%, vs
positive revised +3.2% in Dec; -3.2% ex-trans. Feb 28th, 2012 by News PIMCO's Gross shifts to defensive investment model Corporate
Profits Rise – but Wages Fail to keep Pace with Inflation
Noel Brinkerhoff , Economist
Predicts US Interest Rates To Explode To 3.75% This Year Business Insider | John Ryding, chief
economist at RDQ Economics in New York, expects rates on 10-year Treasuries to
reach 3.75 percent this year. , Stockman:
If We Want to Bring Oil Prices Down, We Should Stop Beating the War Drums Washington’s Blog | Stockman: War
Drums Are Driving Up Oil Prices and Hurting the Economy. , Economy Squeezed
As Debt Accelerates Ron Paul |
Senator Jeff Sessions, ranking member of the Senate Budget Committee has
pointed out that our per capita government debt is already larger than
Greece’s. , Guest
Post:The Existential Financial Problem Of Our Time Durden The modern,
debt-based economy requires constant economic expansion if only to service all
that debt. So what happens when the modern economy goes ex-growth and stops
expanding? Iceland Greece ,
Phantom
Gold And Deconstructing PollyAnna Durden Many want to believe that a stock market that has
doubled from the March 2009 low (or added $9tn in market cap) has to mean that
the US economy is in a healthy long-term recovery. Unfortunately, as Charles
Biderman of TrimTabs explains, the PollyAnnas are wrong it is not Gold, which has outpaced
stock market gains, that is a phantom currency but the USD Sheer
Mirror Image Insanity: S&P Hits New Multi Year Highs As 10 Year Bond Slides
Below 1.90%
Durden There no longer are any words left to explain
what is going on in this centrally planned market (technically
"enantiomeric" may be a word, but nobody would get it). It is sheer
and utter bipolar insanity, when the S&P can hit multi-year highs even as
the 10 year drops below 1.90%, something which in the pre-New Normal
, S&P Declares Greece in Default Wall
Street Journal [Breaking] , 3 doomsaying
experts who foresee economic devasation ahead... By Adam Shell NEW YORK – ‘Behind the
mainstream Wall Street happy talk about
more stable financial markets and an improving economy are grim warnings of
tough times ahead from a small cadre of doomsayers who warn that the worst of
the financial crisis is still to come. , Military
Keynesianism Can’t Work … Because WWII Was Different from Current Wars Washington’s Blog | “Military
Keynesians” – people who think that war is good for the economy – base their
theory on the mistaken idea that World War 2 pulled us out of the Great
Depression. , David
Rosenberg: "It's A Gas, Gas, Gas!" Durden "It Is
completely ironic that we would be experiencing one of the most powerful
cyclical upswings in the stock market since the recession ended at a time when
we are clearly coming off the poorest quarter for earnings , Mountain
Of Worry Shifts From Olympus To Zagros
Durden It's
Official: S&P Cuts Greece To (Selective) Default From CC Durden From
S&P: "We lowered our sovereign credit ratings on Greece to 'SD'
following the Greek government's retroactive insertion of collective action
clauses (CACs) in the documentation of certain series of its sovereign debt on
Feb. 23, 2012....We do not generally view CACs (to the extent that they are
included in an original issuance) as changing a government's incentive to pay
its obligations in full and on time. However, we believe that the retroactive
insertion of CACs will diminish bondholders' bargaining power in an upcoming
debt exchange , Brodsky
On Buffet On Gold
Durden We have
repeatedly voiced our views on Buffett's relentless bashing of the only asset
that is a guaranteed protection against now exponential currency debasement and
central planner, and other PhD economist, stupidity, most recently
here . We are happy that other, more politically
correct We strongly disagree with
Mr. Buffett’s views and we thought it would be best to explore his comments and
provide our counter-arguments Name The Bubble Durden As the
title suggests, please name the latest bubble , Here
Is Why Someone Will Be Disappointed By The LTRO Durden Gaming out
the impact of this week's LTRO2 demand on global risk assets is complicated by
the ability of banks to mobilize
collateral use of those funds market's expectations Merkel:
"No Guarantee Second Greek Bailout Will Work" Durden Art
Cashin On The World Running Out Of Ideas To Bail Out Itself Durden Guest Post:
The Trajectory Of Tragedy Durden With an
economy of just $3.2Tn versus the United States $14.3Tn Germany is trying to
prop up a Eurozone that is more than one trillion dollars bigger than America.
They just do not have the resources for the task they are undertaking and I
predict serious consequences, eventually, from their efforts. Germany is “best
of class” and will be the last to go but they cannot evade the European
recession in the end and I think it is only a matter of time and unfortunate decisions
before the austerity demands made on so many will wind their way back home to
those who made the demands. They used a timeline that was much too short for
the job at hand and payment will eventually be forced upon them. They obviously
get the joke where Eurobonds and other ploys of this nature average the
economies of Europe and the standards of living over some period of time so
that Germany China , The (European)
Placebo Effect Durden Guest
Post: Extend And Pretend Coming To An End Durden The Federal government, Federal Reserve, Wall Street
banks, regulatory agencies and commercial real estate debtors have colluded
since 2008 to pretend cash flow doesn’t matter. Their plan has been to “extend and pretend” .
DEBT DEFAULT MEANS HUGE LOSSES FOR THE WALL STREET Of course the banksters will just demand
another taxpayer bailout from the puppet politicians. This repeat scenario
gives new meaning to the term shop until you drop. Extending and pretending can
work for awhile as accounting obfuscation, rolling over bad debts, and praying
for a revival of the glory days can put off the day of reckoning for a couple
years. Ultimately it comes down to cash
flow, whether you’re a household, retailer, developer, bank or government. America The
Key Players Are Showing Their Hands… Will Germany Go “All In”? February 27, 2012 By gpc1981 http://gainspainscapital.com
‘As I’ve stated time and again, Germany is the only EU member that has the
money to get Greece through this next round of debt payments (14.4 billion
Euros coming due March 20). But Merkel isn’t going to give the money without
Greece submitting to German fiscal demands.However, there is no way Greece will
submit to German fiscal authority. Heck the Greeks are even going so far as to
bring up German war reparations Greek MP’s raise the issue of
German war reparations Athens
News reported that the MP’s have stressed
that Germany owes Greece Greece was the only country to which Germany Dave’s Daily:
http://www.etfdigest.com German
Minister Calls for Greek Euro Exit
Feb 27th, 2012 , Why China will have an economic crisis — Time
, Gasoline
Prices Are Not Rising, the Dollar Is Falling Louis
Woodhill The
Perfection Of Crony Capitalism: Use Regulation To Destroy Competitors Zero Hedge | Crony capitalism uses its
wealth to impose government regulations designed to hinder, cripple and destroy
small business competitors., George
Osborne: UK has run out of money London
Telegraph | The Government ‘has run out of money’ and cannot afford
debt-fuelled tax cuts or extra spending, George Osborne has admitted. , Gas Prices
Signal Tsunami of Inflation Greg
Hunter | Most Western countries are engaging in QE to prop up an
insolvent system bloated on bad debt.
, Just
What Is the REAL Exposure to Greece? Pt 1 http://gainspainscapital.com $200
Oil Coming As Central Banks Go CTRL+P Happy Durden
2-24-12 We have been saying it for weeks, and today even
the WSJ jumped on the bandwagon: the sole reason why crude
prices are surging (RIP European profit margins: with EUR Brent at a record, we can only
assume the ECB will pull a 2011 and hike rates in 3-4 months even as it pumps
trillions in PIIGS, banks bailout liquidity) - is
because global liquidity has risen by $2 trillion in a few short months, on the
most epic shadow liquidity tsunami launched in history in lieu of QE3 (discussed extensively here in our
words, but here
are JPM 's). Luckily, the market is finally waking up to this, and just as
world central banks were preparing to offset deflation, they will instead have
to deal with spiking inflation, because the market may have a short memory, it can America $200 oil . Note - this is completely independent of what happens in Iran, Iran need to follow immediately,
, $10
Trillion In 2 years - 'Over' Abundant Liquidity And Expectations Durden 2-24-12 , Today's
Events: Consumer Confidence in Manipulated Markets, New Home Sales, Fed
Speeches Durden
2-24-12 Bunch of irrelevant and reflexive (stock market is up so
confidence - in what? manipulated markets? - is higher, so stock market is up
so confidence is higher etc) stuff today, as the world central banks prepare to
pump another $600-$1000 billion into the consolidated balance sheet and send
input costs into the stratosphere. , 'Gold
Bullion or Cash' Shows Buffett, Roubini, Krugman Mistaken; Faber, Rogers, Bass,
Einhorn, Gross Correct Durden
2-24-12 Currency debasement of all major currencies is happening today
on a scale never before seen in history. Yet there continues to be a complete
lack of awareness amongst the majority in the western world as to the risks
posed by our currency monetary and financial system. , SSDD - Same
S...&P, Different Day Durden
2-24-12 breath-takingly
similar to the same period a year ago . With global central banks pumping (RoW replacing
Fed for now), energy prices soaring… , Frontrunning:
February 24 Durden
2-24-12 #1 U.S. Postal Service to Cut 35,000 Jobs as Plants Are Shut (BBG )
-Expect one whopper of a seasonal adjustment to compensate #2 European Banks May Tap ECB for $629
Billion Cash (Bloomberg )
- EURUSD surging as all ECB easing now priced in; Fed is next #3 Madrid presses
EU to ease deficit targets (FT )
#4 Greek Parliament Approves Debt Write-Down (WSJ )
#5 Mentor of Central Bankers Fischer Rues Complacency as Economy Accelerates (Bloomberg )
#6 Draghi Takes Tough Line on Austerity (WSJ )
#7 European Banks Hit by Losses (WSJ )
#8 Moody's: won't take ratings action on Japan on Friday (Reuters )
#9 Athens told to change spending and taxes (FT )
, Europe's
Cash-For-Trash LTRO-'Scam' And The Indentured Servitude Of The Citizenry Durden on 02/23/2012 In a must-watch follow-up to his original Punk
Economics Lesson , David McWilliams describes how the new bankocracy in
Europe will lead to a massive injection of liquidity; blowing bubbles in
financial assets while the citizenry is bled dry (ring any recent bells?). The
banks again get all the money they need while the average citizen shoulders the
burden. , Guest
Post: The Greek Tragedy And Great Depression Lessons Not Learned Durden on 02/23/2012 Greece has been the
most pillaged country in Europe this Depression, among other reasons, because
no one in any leadership position seems to have learned lessons from the 1930s
, Greece
(and the PIIGS) Are a MAJOR Problem… Even for the Strongest German Banks http://gainspainscapital.com
February 24, 2012 By gpc1981 Crude's
Rally Shows $4 Gas On The Way The
Wall Street Journal [ Actually higher … oh, riiiiight … the that’s bullish
… Not! … Not even for the oils beyond the short-term! ] , TheStreet In The Great Crash Ahead , Dent forecasts that this
economic collapse will become worldwide over the next few years. http://opinion.financialpost.com/2011/09/16/the-great-crash-ahead-harry-dent-now-predicts-dow-will-fall-to-as-low-as-3000
On the heels of his The Great
Depression Ahead The Great
Crash Ahead Get Ready for the Retracement: Analyst , Feeling
That European Springtime Swoon Coming On Again Forbes Chart:
‘America’s Per Capita Government Debt Worse Than Greece’ Feb 23rd, (The
Weekly Standard) — The office of Senator Jeff Sessions, ranking member on the
Senate Budget Committee, sends along this chart, showing that ‘America’s Per
Capita Government Debt Worse Than Greece,’ as well as Ireland, Italy, France,
Portugal, and Spain: http://albertpeia.com/debtpercapita.jpg , Gasoline
Prices Are Not Rising, the Dollar Is Falling Louis
Woodhill |
Eventually, all prices equilibrate with gold.
, In
Europe and America … No Retirement! Just Sufferin’ Daily Bell Debt
Doomsday May Come Sooner Than Expected Politico | The federal government
could hit the debt ceiling sooner than expected — and possibly around the
November election — according to a report out Friday. , Belgians
Get Cold Feet as Bailout Queen Dexia Drags them toward the Abyss : testosteronepit
: 02/23/2012 Belgium's total exposure to
its bank bailouts: 41% of GDP , Record
Direct Takedown Leads To Huge Demand For 7 Year Bond Auction, Disproves
"Rotation From Bonds Into Stocks " Durden
2-23-12 , Are We
Running Out Of Greater Fools? Durden
2-23-12 , Not
Again - Following Abysmal 2011, Only 10% Of Hedge Funds Are Outperforming The
S&P In 2012 Durden
2-23-12 , Greeks
Welcome Their New European Overlords... In German Durden
2-23-12 Projected
PIIGS Pillage: 3233.5 Tons Of Gold To Be Confiscated By Insolvent European
Banks Durden
2-23-12 , Art
Cashin On Gasoline Prices And The Economy Durden
2-23-12 It is estimated that a
$.10 increase in the price of gasoline results in a decline of about $11.74
billion in personal income. [An average of 12,000 miles driven per year divided
by an average fuel economy of 25 mpg, equals 461.54 gallon used per year per
automobile. With an estimated 254.4 million registered vehicles, that comes to
roughly 117.415 billion gallons used per year.] , Greece’s
Lenders Have The Right To Seize National Gold Reserves Durden 2-23-12 “Ms. Katseli, an economist
who was labor minister in the government of George Papandreou until she left in
a cabinet reshuffle last June, was also upset that Greece’s lenders will have
the right to seize the gold reserves in the Bank of Greece under the terms of
the new deal.” , Initial
Claims Print Unchanged From Last Week's Upward Revised 351K Durden 2-23-12 Snooze of an update from the BLS ,
which reported that this week's initial claims printed at 351K, slightly better
than expected at 355K, but offset by the now perpetual (thus statistically
impossible) upward revision in prior week claims, which increased from 348K to
351K, so unchanged week over week. Next week this 351K will be revised to 354K
so on top of expectations. That this is driven primarily by ongoing abnormally
hot weather (remember the lamentations over last year's cold winter and how it
was impacting data adversely - odd how we continue to hear nothing about the
opposite phenomenon) is largely ignored. Instead what we will hear is how
claims printed at the lowest in 4 years (chart 1). And yet we will hear nothing
about how when one adds initial claims to continuing claims to extended
benefits, we are just a little bit higher than 4 years ago (chart 2). , Albert
Edwards Channels Conan - All Hope Must Be Crushed For A True Bull Market To
Emerge Durden
2-23-12 While the bulk of tangential themes in Albert Edwards' latest
letter to clients "The Ice Age only ends when the market loses hope: there
is still too much hope" is in line with what we have been discussing
recently: myopic markets focused on momentum not fundamentals ("It's
amazing though how the market can get itself all bulled up and becomes
convinced that we are the start of a self-sustaining recovery. And funnily
enough there's nothing more likely to get investors bullish than a rising
market"), short-termism ("One thing you can say for the market is
that it has an extremely short memory"), and that so far 2012 is a carbon
copy of 2011 ("One thing you can say for the market is that it has an
extremely short memory. Let us not forget that the performance of the equity
market so far this year is almost exactly the same as we saw at the start of
2011 (in fact the performance has been similar for the last 5 months"), his
prevailing topic is one of hope. Or rather the lack thereof, and how it has to
be totally and utterly crushed before there is any hope of a true bull market.
And just to make sure there is no confusion, unlike that other must read worst how the hell can one be bullish when the
only exponential
chart out there is that of global central bank assets proving beyond a
doubt that every risk indicator is fake??? , http://albertpeia.com/dollardebasementanddebtcrisis.htm ‘Despite the latest shift in
Congress, top economists warn that the steady erosion in the value of our
dollars and the crushing weight of national debt have already moved
the U.S. to the verge of financial chaos... "WE'VE
NEVER BEEN IN THIS UNSTABLE POSITION IN THE ENTIRE CURRENCY HISTORY OF 3,000
YEARS..." ...came the
belated, sobering assessment in The Wall Street Journal on
October 1 from Columbia University Prof. Robert Mundell, Ph.D., a mainstream
Nobel laureate – widely-regarded as the world's top currency expert. While Dr.
Mundell warns that we're teetering at the edge of an unprecedented global debt
crisis, other respected monetary experts concur:"WE'RE
IN THE TERMINAL STAGES OF THE WORLD'S MOST GIGANTIC PYRAMID SCHEME ,"
set to vaporize the assets of the average citizen. Heed the clear
warning signs here in my Fall 2011 Money Alert and protect what's left of
your nest-egg, before the dollar collapses even further, rendering
dollar-denominated assets VIRTUALLY WORTHLESS! …’ ,
Chart:
‘America’s Per Capita Government Debt Worse Than Greece’ Feb 23rd, 2012 12
by News
(The Weekly Standard) — The office of Senator Jeff Sessions, ranking member on
the Senate Budget Committee, sends along this chart, showing that ‘America’s
Per Capita Government Debt Worse Than Greece,’ as well as Ireland, Italy,
France, Portugal, and Spain http://albertpeia.com/debtpercapita.jpg , Scandal:
Greece To Receive "Negative" Cash From "Second Bailout" As
It Funds Insolvent European Banks Durden Earlier today, we learned the first stunner of the
Greek "bailout package", which courtesy of some convoluted
transmission mechanisms would result in some, potentially quite many, Greek
workers actually paying
to retain their jobs: i.e., negative salaries. Now, having looked at the Eurogroup's
statement on the Greek bailout, we find another very creative use of
"negative" numbers. And by creative we mean absolutely shocking and scandalous. Greece
barely saw 20% of any actual funding, with the bulk of the money going to
European and Greek banks (of which the former ultimately also ended up funding
the ECB and thus European banks). Furthermore, we already know that as part of
the latest set of conditions of the second Greek bailout, an 'Escrow Account "
would be established: this is simply a means for Greek creditors to have a
senior claims over any "bailout" cash that is actually disbursed for
things such as, you know, a Greek bailout, where the money actually trickles
down where it is most needed - the Greek citizens. Here is where it just got surreal but the country will actually
have to fund said escrow! the Greek bailout #2 is nothing but a
Greek-funded bailout of Europe 's insolvent
banks. Would
You Support an Iran War If … : George Washington : 2/22/12 http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
, Europe's
Nash Equilibrium - A Tightly Stretched Rubber Band? Durden Guest Post:
Dangerous Ideas
Durden There is a
very clear relationship between economic growth and sufficient quantities quality Complete
Latest Hedge Fund Holdings Analysis Durden The fine folks at Street
of Walls have been kind enough to provide us with their latest 13F
breakdown which looks at the position changes across America's 30 largest and
most important hedge funds. , NAR
Continues Tradition Of Making Mockery Of Itself, Revises December Home Sales
From +5% to -0.5% Durden And here is
yet another reason why we will permanently ignore the pathologically lying real
estate syndicate known as the NAR (link ):
December data was just revised from +5% to -0.5% (from 4.61 million to 4.38
million). Since December market expectations were for a +5.2% print, imagine
the sheer horror the algos would have been faced with had the real number been
reported on time. Needless to say, if this number had been unrevised, the January +4.3% increase would have been a decline.
anything self-reporting Why The Core
Needs To Save The Periphery Durden We have discussed, at length, the symbiotic (or
perhaps parasitic) relationship between the banking system in Europe
and the governments (read Central Banks). The LTRO has done nothing but bring them into a closer and more
mutually-reinforcing chaotic relationship ultimate core (France and Germany) remains
massively exposed (in terms of Tier 1 Capital) to the PIIGS negative )
salary cuts may well not be the worst of what is to come as the bankers
deleveraging returns to bite them in a phoenix-like resurrection of sovereign
risk on now even-more sovereign-bloated (and levered) balance sheets. , It's
Official - Greece Unveils The Negative Salary, And A Whole New Meaning For
"Pay To Play" Durden Zombie
Housing Market Chronicles - Fed Fails Again To Stimulate A Housing Recovery Durden While today
the association of real estate advertising agents known as the NAR will tell us
that the home market is improving - an economic observation which we will completely ignore the sheer powerlessness of the Fed to do anything
about it No, This Is Not Mount
Olympus... Durden ...This is
a chart of the Greek bank stock index, which has gone from an all out demented
euphoria to suicidal depression in 5 days, as the rumor that Greece is
"saved" has been replaced with the reality that Greece is still
"completely broke" , Greek 1 Year Hits
763% Durden WTF
Did All That Printed Money Go? : ilene
: 02/22/2012 - A riddle, wrapped in a mystery, inside an enema. , Dave’s Daily:
http://www.etfdigest.com ‘ Clearly it’s hard for markets to
consistently produce 3%-5% monthly returns without taking a break. This is what
we’re now seeing absent—more positive news. Jobless Claims data Thursday should
shed some light on conditions as will next week’s Employment Report which needs
to verify a better trend in conditions. Gallup BS BLS does.We read yesterday some breathless
financial commentators remarking that mutual funds showed the first positive
fund flows since the previous January. That’s a nice assertion, but January is
always a time for people to invest for their IRA or 401K and so forth.
Surprisingly ETF fund flow data from the previous bullish week showed $1.2
billion in outflows for both equity and bond sectors.Basically, markets are
just getting tired. We’ve remarked to members regarding weekly DeMark 9 count
indicators which normally reflect “trend exhaustion”. This is not to say these counts
are perfect and may just indicate some sideways movement ahead. And, that’s all
we may be seeing despite how much liquidity global central banks are feeding
bulls. Meanwhile the SEC’s Mary Shapiro said she’s worried about HFT (High Frequency Trading ).
Worrying isn’t a policy. Wake me when you’re on to something real… , Fitch downgrades Greece on debt swap plan , Greek Debt Deal
Done—Yeah Right Greg Hunter | I keep asking myself,
when is a deal not a deal?
Meanwhile,
China Moves From Currency Wars To Trade Wars Durden Greek
CDS Trigger Priced In Durden , For
Greece, "Tomorrow" Has Arrived
Durden The day dawns with a deal for Greece that is
full of smoke and mirrors; lies and deceptions. , More
Leaked Greece Details: Downside Case Sees Funding Needs Soar From €136 Billion
To €245 Billion Durden JPM
Hikes Crude Price Forecast, Sees $120 WTI By Election Time Durden The
Price Of Gas Is Outrageous – And It Is Going To Go Even Higher http://albertpeia.com/gaspriceshigher.htm ,
Drudgereport: White House
seeks to deflect blame... GALLUP: Unemployment
Rises to 9% In February... SATISFACTION
WITH COUNTRY WORST SINCE CARTER... Michelle
hits the slopes in Aspen month after Hawaiian holiday... 16th
vacation in 3 years... For Baby Boomers,
it's now 'work til you drop'... Gas prices highest ever for this
time of year... $4.93 in Los
Angeles... , Guest
Post: Consequences To Expect If The U.S. Invades Iran Durden Let’s be honest, quite a few Americans love a good war, especially
those Americans who have never had to bear witness to one first hand. War
is the ultimate tribally vicarious experience. Anyone, even pudgy
armchair generals with deep-seated feelings of personal inadequacy, can revel
in the victories and actions of armies a half a world away as if they
themselves stood on the front lines risking possible annihilation at the hands
of dastardly cartoon-land “evil doers”. They may have never done a single
worthwhile thing in their lives, but at least they can bask in the perceived
glory of their country’s military might. This attitude of swollen
ego through proxy is not limited to the “Right” side of the political spectrum
as some might expect. In fact, if the terrifyingly demented presidency of
Barack Obama has proven anything so far, it is that elements of the “Left” are
just as bloodthirsty as any NeoCon, and just as ready to blindly support the
political supremacy of their “side” regardless of any broken promises,
abandoned principles, or openly flaunted hypocrisies. No matter how
reasonable or irrefutable the arguments against a particular conflict are,
there will ALWAYS be a certain percentage of the populace which ignores all
logic and barrels forward to cheerlead violent actions which ultimately only
benefit a select and elite few. , The
Real Mega-Trend That Guarantees the Cost of Living Will Rise http://gainspainscapital.com February
21st, 2012 , Guest
Post: The Great ECB-OSI Bond-Swap Scam Durden massive 150bn euro bill exclusively reserved for the EU-IMF funding of
the "official" (OSI) and the private (PSI) sector participations in
the Greek writedown on Greek debt may be the key factor behind the ongoing
delays in the eurozone finance ministers' approval of a second bailout for
Greece. This factor remains concealed behind media hysteria about the supposed
failure of Athens to comply with a brutal austerity diktat by the EU-IMF-ECB
'troika'....The question is how will the Eurogroup approve these PSI
participation costs that far exceed the supposed gain from the 100bn euro
"haircut" but also leave nothing to cover Greece's debt servicing
obligations for 2012-2014 of at least another 70bn euros to say nothing of
possible budget deficits due to the collapse of public revenues in the fifth
consecutive year of a Greek depression. All
the histrionics about forcing Greece to set up a separate “escrow account that
would give legal priority to debt and interest payments over paying for
government expenses”, is nothing but a smokescreen for piling massive sums of
fresh public debt on Greece's shoulders without lending a single penny to make
up for the economic catastrophe meted out on the country. Tomorrow
And Tomorrow And Tomorrow Durden Once we see what Europe is really
going to do, not what they have told us they might do, the real show gets
underway. Everything up till now was just a preamble, a mincemeat of words
flowing like a unsubstantiated river from mouths full of fluff, orated by the
deceptors… , As
Everything Disconnects And Everything Is Soaring, Morgan Stanley Issues A Warning
Durden The latest report from Morgan
Stanley's Graham Secker can be summarized simply as follows: i) in January
everything has disconnected as traditional linkages between asset classes have
broken down, ii) also in January every
major asset class (equities, treasurys, gold, oil) was up materially only
5 times in the past 5 years, a double digit decline followed 3 of the past 4 such
surges European
Insurers: How Long Before Capital Denial Becomes Capital Punishment …the
last week or so has seen insurers start to deteriorate as perhaps the market
will enforce its own capital expectations even if regulators are unwilling to.
, Gold
Surges As Market Remembers Definition Of "Dilution" Durden Yesterday, when
charting the global multi-trillion central bank stealth reliquification
(aka the primary driver for the market to surge 20% in the past several months,
and since "the market, or Russell 2000 is the economy" just as the
ChairSatan, to result in what naive commentators define as an economic bounce less As
Dow Passes 13,000 In Nominal Terms, Here Is The "Real" Picture Durden Three charts that perhaps will calm the nominal euphoria as Dow 13000
screams across the screens. Since May
2008, the Dow is unchanged in price and down 50% in 'real' gold terms Durden Wondering why the DJIA just passed 13K again? Wonder no more: as the
chart below shows it is entirely due to
the nearly $7 trillion pumped by global central banks into the world
stock markets just in the past 4 years the aggregate
global central bank balance sheet has doubled in four years, after doubling in
the 5 years before that Guest
Post: Scale Invariant Behaviour In Avalanches, Forest Fires, And Default
Cascades: Lessons For Public Policy Durden We have lived through a long period of financial management, in which
failing financial institutions have been propped up by emergency intervention
(applied somewhat selectively). Defaults have not been permitted. The result
has been a tremendous build-up of paper ripe for burning. Had the fires of
default been allowed to burn freely in the past we may well have healthier
financial institutions. Instead we find our banks loaded up with all kinds of
flammable paper products; their basements stuffed with barrels of black powder.
Trails of black powder run from bank to bank, and it's raining matches. , Iceland’s Viking Victory
London Telegraph
Goldman
Raises Stop On Its Long Russell 2000 Reco, Cites Heightened Concerns Of Greek
Default Durden
2-16-12 , The
Triumvirate of Wall Street/ the Fed/ and US Politicians is Crumbling Pt 2 :
Phoenix Capital... : 02/17/2012 - ‘One thing is
for certain, the litigation is beginning to shift from minor players to major
players at the core of the Financial Crisis. , Greek CAC
Trigger Walk Thru Durden While we have
done our best to explain what the implications are of the actions of the
various parties in the Greek/German/ECB/Euro swap/default/CAC/PSI/Austerity
events, it is perhaps worth one more try to address how we see this
playing out and exactly what the ECB just did . The weakness in GGBs today along with the rise in
the cost of Greek basis packages (a hedged bond trade that looks to profit from
a credit event or compression) suggest markets are beginning to wake up to
reality but the dead-currency-walking behavior of the EUR (and ES) since last
night's close suggests many remain sidelined or have all their chips on the
constantly-tilting table. In the end every private holder will write-off 50
percent permanently and those that live in a mark to market world (fewer and
fewer live in that world in Europe ) probably
lose another 20 points or so .
CDS
will be triggered and we
will be told how great it was that Greece Is that scenario priced in? , Could
ECB Greek Bond Swap Trigger Ratings Default? at The Wall Street Journal Greek
1 Year At 629%, Biggest One Day Jump In Yield Ever
Durden The equities market is acting like we know Greece's
default will be orderly and no threat to financial stability. It is also acting
like we know the U.S.
economy can grow smartly while Europe
contracts in recession. Lastly, the high level of confidence exuded by market
participants suggests we know central bank liquidity is endlessly supportive of
equities. What do we really know about the coming default of Greece Beyond that, how much do
we know about how this unprecedented situation will play out? , Dave’s Daily:
http://www.etfdigest.com ‘Speaking of defaults Americans and Europeans
dissatisfied with bailing out banks and countries should examine what has
happened with Iceland 'Dow
Theory' Suggests Caution Ahead The
Wall Street Journal ‘ Commercial
Bank Consumer Credit Declines Sharply In January Forbes , Contributor
, Christine Lagarde Is Done Being Greece’s Sugar Momma Getting A Grip On Rising Costs Of Grub And Gas Forbes / John Debosz , Earnings
Prepped To Fall Off A Cliff at The
Wall Street Journal The
Latest Market Craze: Stock Trading Robots Reacting To Stories Written By...
Robots Durden It appears that while we were busy over the past
month spreading the Greek pre- and post-bankruptcy balance sheet, and otherwise
torturing Excel (something we urge other financial journalists to try once in a
while - go ahead, it doesn't bite. In fact, it is almost as friendly as your
favorite Powerpoint) our peer at such reputable financial publications as
Forbes, and many others, were laying off carbon-based reporters and replacing
them with... robots. As Mediabistro
reports, "Forbes has joined a group of 30 publishers using Narrative
Science software to write computer-generated stories. Here’s more about the
program, used
in one corner of Forbes
"“Narrative Science has developed a technology solution that creates rich
narrative content from data. Narratives are seamlessly created from structured
data sources and can be fully customized to fit a customer’s voice, style and
tone. Stories are created in
multiple formats, including long form stories, headlines, Tweets and industry
reports with graphical visualizations.”" In other words, with well over
70% of stock trading now done by robots, we have gotten to a point
where robots write headlines and stories read, reacted to and traded by robots.
Surely, what can possibly go
wrong. And here we were this morning, wondering why the market is not only
broken but plain dumb. , Guest
Post: Exploring The Not-So-Altruistic Aspects Of The "Buffett Rule"
Durden Although no one
can be sure of Buffett's motives, it would be naďve to believe that .. Buffett
has not considered the benefits of pushing through this tax structure. Higher
taxes are always problems for entrepreneurs and regular people in the economy.
However, they're often beneficial to the well-connected, who receive government
bailouts and favors. And with Buffett even on the president's lips, he is
becoming more connected to the power mechanism in D.C. every day. With many of Berkshire 's companies, your loss as a taxpayer will be
their gains. , China:
‘World Bank president should be selected on merit – not nationality’ AP/Washington Post | China now hinting it would like a seat at the VIP
club table in New York City , A
Depressed World Economy is Here To Stay: Bob Chapman Reports
Prisonplanet.com | By decree, by the privately owned Federal Reserve, zero
interest rates are here to stay. , Banker Occupied
Europe and America Stephen Lendman | Money power rules. Across Europe and America Gas Hts $3.99 in San Diego
10News.com | Average Price Of Gallon Of Gas Is $3.99. , CBO:
Longest Period of High Unemployment Since Great Depression US News | After
three years with unemployment topping 8 percent, the U.S. has seen the longest
period of high unemployment since the Great Depression. ,
The
Reporter Is Either Wrong Or This Is A Bad Deal For Greece Durden 2-16-12 , Bank Bonds Not
Buying The Rally Durden
2-16-12 , Sprott's
John Embry:“The Current Financial System Will Be Totally Destroyed“ Durden 2-16-12
, America's
Discretionary Spending Well Has Run Dry Durden
2-16-12 , Quote Of The Week Durden 2-16-12 “Whoever controls the volume of money in our country
is absolute master of all industry and commerce…and when you realize that the
entire system is very easily controlled, one way or another, by few powerful
men at the top, you will not have to be told how periods of inflation and
depression originate. SocGen
Sums It Up: "The Time For Patching It Up Is Over" Durden 2-16-12 , Bullish
Sentiment Takes A Dive at The Wall
Street Journal , Greece
is Not Lehman 2.0… As I’ll Show You, It’s Far Far Worse… February 16th,
2012 http://gainspainscapital.com ,
Morgan
Stanley Smith Barney: Yep, We're Still Bearish at The Wall Street Journal , While
You Were Sleeping, Central Banks Flooded The World In Liquidity Durden 2-16-12 As
US Debt Hits New Record, Fiscal 2012 Tax Revenues Are 10% Higher Than Debt
Issuance Durden
2-16-12 rose
by $32 billion noted
yesterday , according to the president's own budget total US debt is now
expected to surpasses the greatest and final debt ceiling of $16.4 trillion
just around September, and likely sooner with the addition of the $160 billion
in additional debt needed to fund the extension of the Bush temporary yet
perpetual tax cut through the end of 2012. So while we know that total debt to
GDP is already over 100% and unlikely to ever decline back to double digits,
thus putting into question the marginal utility of debt to generate further
economic growth, another just as important question is what is the incremental
utility of tax revenue relative to debt issuance, i.e., is America now issuing
more debt than it is collecting from tax revenues: a step which would further
cement its status as a banana debt republic. , ECB To Fund
Eurozone Central Banks As PSI Sweetener Durden
2-16-12 We
explained last week (must-read) the delusional nature of these profits
(given the losses that occur once the new bonds break) and assume this is yet
another attempt to make market participants believe they wil help with PSI.
However, there is more to this in our humble opinion. Since the ECB says they
will distribute profits (which we know are illusory) to governments - it is
nothing but a covert attempt to funnel money (think printing) to local
government central banks - and the
illusory profits here are simply giving away free money the PSI
remains in limbo for the hold-out blocking stake reasons we have discussed at length Two
formal requests to Mr. Draghi The
Farce-Hole Gets Deeper: Obama's "Robo-Settlement For Votes" Cost To
Taxpayers: $40 Billion Durden
2-16-12 farce-hole,
the FT
reports tonight that Obama's foreclosure settlement with the banks over
their improper seizure of tax-paying US citizens' homes will in fact be
subsidized by those very same US taxpayers. It is a hidden clause (that has not been made public yet $30bn (taxpayer funded) HAMP initiative towards their $35bn agreement 'scandalous' turn of events the bank will receive payments for averting
a borrower default and be reimbursed by the taxpayer for the principal
write-down It turns the notion that this is about justice and accountability on its
head Credit
Suisse The Sequel: "Probability Of The Largest Disorderly Default Loss In
History On March 20 Has Increased" Durden
2-16-12 presented
an excerpt from Credit Suisse's most excellent piece "The Flaw" -
merely the latest in one of the best overviews of the neverending Greek soap
opera by William Porter. Yet every soap opera eventually ends. Although when it
comes to Nielsen ratings, the denouement is usually a whimper. In the case of Greece we are left with a sense that the probability of
delivering the largest default loss in history in a disorderly way on or before
20 March has increased relative to doing so in an orderly way. Dave’s Daily:
http://www.etfdigest.com APPLE RUMORS & GREECE HALT RALLY
February 15, 2012 , Inflation,
Stealth Inflation, and How to Maintain Your Purchasing Power Against Both
February 15th, 2012 http://gainspainscapital.com , A&G's
AIG Moment Approaching: Moody's Downgrades Generali, Cuts Megainsurer Allianz
Outlook To Negative Durden
2-15-12 , As
Greece Crashes And Burns, Troika Arrives In Portugal With "Soothing Words
Of Support" Durden
2-15-12 What is better than a one-front European war on insolvency? Why
two-fronts of course , Guest Post:
Bad Week For Freedom Durden
2-15-12 It was a bad week for freedom loving people, but I believe there
are enough patriots left in this country to change our course. We are being
buried under a blizzard of lies on a daily basis. We have a choice. We can
support the existing corrupt crony capitalist establishment (Obama &
Romney) or we can declare war on lies, deceit and misinformation by rallying
behind the only person who would truly attempt to reverse decades of
corruption, sleaze, incompetence, bloat, debt accumulation, and a warped
version of free market capitalism – Ron Paul. He is the only public figure
willing to level with the American people and tell them the truth. Will we let
the concept of truth fade out of the world? The choice is ours. “In our age there is no such thing as ‘keeping out of
politics.’ All issues are political issues, and politics itself is a mass of
lies, evasions, folly, hatred and schizophrenia. The very concept of objective
truth is fading out of the world. Lies will pass into history.” George Orwell Biderman
Beyond Baffled by B.O.'s Budget Durden
2-15-12 In his best Lewis Black impression, TrimTabs CEO Charles
Biderman succinctly destroys the 'growth' myth behind Obama's budget plan as
nothing but a handout and money-printing exercise in futility and
drain-circling. Based on the $3.8tn budget plan, the TrimTabs truth-seeker
notes that current government tax revenues are about $2.4tn, and growing at no
more than $100bn each year, making the math surprisingly simple - we spend
around $300bn per month and receive only $200bn with the missing $100bn to pay
for the US government's largesse (income shortfall) coming from - 'printing
money' . The
spin is, of course, that revenues will somehow magically start to grow faster
than spending and shrink the budget deficit. , The Hidden
Taxes In Obama's Budget Durden
2-15-12 , Moody's may downgrade 17 banks, securities firms , US stocks fall as Greek talks lumber; Apple falls , Fed's
Fisher Dismisses QE3 as 'Wall Street Fantasy' The Wall Street Journal , STOCKS
FINALLY DIVE, TEMPERS EXPLODE IN EUROPE: Here's What You Need To Know Business Insider , Market
Recap: Stocks Slip as Greek Bailout Decision Postponed Wall St. Cheat Sheet , Obama
Cites Rising Gas Prices – Up 83 Percent Under His Tenure – Among Reasons to
Extend Payroll Tax Cut CNS News , The
Federal Reserve’s Explicit Goal: Devalue The Dollar 33% Business Insider , Li(e)borgate
Set To Become "Next Big Litigation Thing" As Lawsuits Against Libor
Banks Avalanche Durden
2-15-12 Last week we
discussed the gradual unraveling of a topic we had been following for the
past 3 years, namely the brazen and criminal manipulation in the Libor market,
which directly and indirectly impacts a stunning $350 trillion worth of
securities (and thus, their implied risk, and hence, prices). Today we are
delighted to learn that the retribution against these banks who have been
artificially representing to the market that they are in better condition than
in reality (courtesy of Libor's "strict" self-reporting approach),
are beginning to see lawsuits filed against them, with Schwab merely the latest
out of the gate. And just as fraudclosure was the litigation topic of 2010 and
2011, sit down and watch as Li( E )borgate explodes into the biggest
litigation pain for banks, with litigation expenses that could easily surpass
both the robosigning scandal (and its
robo-settlement ) and the escalating banks Reps and Warranties scandal.
Because as recent evidence confirms, there are likely emails proving manipulation exists black on white,
as discussed
last week . Which means that the case of Schwab, noted last summer by
Reuters, is about to become a pandemic. , Complete
Jeff Gundlach "Fall Of The [BLANK] Empire" Slideshow Durden 2-14-12 Rumor
Regurgitation Time: China To The Rescue... All Over Again Durden 2-14-12 In case one is wondering
what lit a fire under the EURUSD and the ES' ass in the past 30 minutes, why it
is the trusty old fall back - China, to which all algos respond every single
time like stung donkeys as if on command. Because just as the EURUSD was about
to retrace the lows as the realization that the EOD rumor was nothing but an
infrared herring, something else had to step in an continue to rumor-based
levitation. , David
Rosenberg - "Let's Get Real - Risks Are Looming Big Time" Durden 2-14-12 Earlier, you heard it from
Jeff Gundlach, whom one can not accuse (at least not yet) of sleeping on his
laurels and/or being a broken watch, who told his listeners to " reduce
risk right now" especially in the frenzied momo stocks. Now, it is David Rosenberg's
turn who tries to refute the presiding transitory dogma that 'things are
ok" and that a Greek default will be contained (no, it won't be, and if
nobody remembers what happened in 2008, here is a reminder
of everything one needs to know ahead of the "controlled",
whatever that is, Greek default). Alas, it will be to no avail, as one of the
dominant features of the lemming herd is that it will gladly believe the
grandest of delusions well past the ledge. On the other hand, they don't call
it the pain trade for nothing. Infographic:
Visualizing The True Cost Of War Durden
2-14-12 http://albertpeia.com/costofwar.jpg
here
and here )
from the folks at Demonocracy, this one may be the most informative. Because
while everyone knows by now that if the global "bailout" to preserve
the insolvent ponzi were to be paid in crisp, physical $100 bills, the amount
of money required would fill countless skyscrapers, and only pales compared to
the the amount of money needed to fund the insolvent welfare state which at
last check was at over a quarter of a quadrillion, it is another less
appreciated aspect of the daily US spending routine that is arguably just as
big an offender when it comes to endless wanton spending: the cost
of war . Below
we present just that, in a series of simple, easy to understand charts that
even Nobel peace prize winners should grasp.Many
Of You Will Not Believe Some Of The Things Americans Are Doing Just To Survive
http://albertpeia.com/survivinginamerica.htm
‘You might not want to read this article if you have a weak stomach. Most
Americans have absolutely no idea what is going on in the dark corners of America America America must watch . Your heart will break as you
hear some American children talk about what they have to do
forfood ... http://www.youtube.com/watch?feature=player_embedded&v=suJCvkazrTc
, Guest Post:
Wall Street Has A Sad :-( Durden
2-14-12 Michael “Moneyball” Lewis
was the first one to, er, expose us to the term Big Swinging Dick. His his
first novel, Liar’s Poker, was full of them. The BSDs were the guys on the
trading floor who brought more rain than El Nińo. But the BSDs have gone a
little soft now. Even the famous Wall Street bull has been caged. And some,
like number one banking fanboi Dick Bove
say that bankers been “castrated” altogether by new regulation. Regulation
which many argue does
not go far enough. Regardless, the Masters of the Universe suddenly find
themselves feeling the pain that many of the rest of us have been feeling for
the past four years. Only their ways of coping with it are a little different
than what you might expect. News
Flash: The Rally Is Over…For Now The Wall Street Journal 2-10-12This Is What An Economic Depression Looks Like In The 21st
Century http://albertpeia.com/21centurydepressiongreecedusup.htm 2-10-12 ,
Macroeconomic
problems will not go away
MarketWatch , S&P
Downgrades 34 Of 37 Italian Banks - Full Statement Durden , The
Great Squeeze: Asset Prices Will Fall, While the Cost of Living Will Rise
February 13th, 2012 http://gainspainscapital.com , The
next Black Swan is coming (Updated) at
MarketWatch Cody
Willard … CBO Solution to Budget Crisis – Everyone
Bend Over!
, Young
Adults Jobless And Living At Home With Mom And Dad? http://albertpeia.com/joblesslivinhome.htm , January
Gas Prices At All-Time Highs Durden , 20 Things We Can Learn About The Future Of America From
The Death Of Detroit http://albertpeia.com/20thingshellholeamericasfuturedeathofdetroit.htm Midday
Market Report: Poor Retail Sales Drag Down Equities
Minyanville , The
Triumvirate of Wall Street/ The Fed/ and the White House is Beginning to
Crumble February 14th, 2012 ‘The Obama administration, as it pursues
re-election in 2012, is doing all it can to claim that the US economy is in
fact not quite as bad as previously thought. One of the tactics is to massage
GDP and jobs data. True, this practice has been in place for over a decade, but
the recent January jobs report from the BLS has set, shall we say, a new
high-water mark for “adjustments.” According to the BLS, we ADDED 243,00 US LOST 2.69 MILLION jobs in JanuaryThis is roughly
a discrepancy of 3 MILLION jobs. , MOODY'S
Downgrades Italy, Portugal; Changes Outlook on France, UK to Negative... , Rating
Agencies vs Reggie Middleton Augmented Reality, Part 1 : Reggie Middleton : 02/14/2012 It's getting to
the point where the rating agencies are so far behind the reality curve that
they are putting the system at risk again, and again, and again... , Jeff
Gundlach Live Webcast On "The Decline And Fall Of The Roman Empire"
Durden Market
Spike Driven By Latest Bout Of Idiocy Out Of Greece
Durden Wondering why the market just viagra'ed up to green
on absolutely nothing? , Juncker
Buries Hopes Of An "Imminent" Greek Deal, EURUSD Sliding
Durden Jim
Grant On Gold-Backed Bonds And 'The Hope Leeches'
Durden "Uh,
Marriner Eccles: We Have A Problem" - Obama Predicts He Will Breach Debt
Ceiling Two Months Before Election Durden Guest
Post: It's Not Just Gasoline Consumption That's Tanking, It's All Energy
Durden Financial
Illiteracy Widespread In America Forbes Robert
Lenzner , EU Says Many Members
Vulnerable Feb 14th, 2012 (The Wall
Street Journal) , 2012 Update: What Part III of the financial crisis will look
like http://pro.stansberryresearch.com/1011PSIENDVD/PPSIN223 http://albertpeia.com/WARNINGfromPorterStansberry.htm , Why
Did Economists Get It So Wrong in 2011?
The Wall Street Journal , Guest
Post: Charting The Federal Reserve's Assets - 1915-2012 Durden the
Fed has degenerated from a by and large passive institution (dealing only in
high-quality self-liquidating commercial paper and gold) to an active pursuant
of junk, an enabler of wars, a ‘benevolent’ combatant of the depressions of its
own creation…’ , Average
Gasoline Price Jumps To Highest In 5 Months Durden , Athens
Burning As Police Runs Out Of Tear Gas Durden , Unemployment,
Foreclosures, Rising Debts and Despair: AMERICA’S SOCIAL CRISIS Bob Chapman
| 2012 is going to be a difficult year… ,
Leading
Economist: “We’re In a No Win Situation… This Is End of the World Type Stuff”
*Video* Mac Slavo | This is an interview that shouldn’t be missed. , Is
Greek Side Deal With Finland On Bailout Collateral About To Kill Greek Rescue
Again? Durden , European
Financials At Worst Levels In Two Weeks Durden , Guest
Post: The First Dominoes: Greece, Reality, And Cascading Default Durden , The Daily Market Report
Feb 13th, 2012 News The
Cradle of Western Civilization Burns (USAGOLD) , Athens
Burns: buildings on fire as chaos, riots flare up RT | Technocrats are failing
miserably, as Greece realizes it has been completely looted by Euro bankers , Mortgage
Settlement Will Plunge Real Estate Values Greg Hunter | It is official.
State and federal governments have condoned forgery, perjury and fraud , Is
Okun's Law The Latest Casualty Of Central Planning...And BLS Seasonal
Adjustments Durden Okun's rule-of-thumb relates the
long-term empirical finding that a country's unemployment
rate is closely related to a country's output (or GDP) - perfectly sensible and
comprehensible. In fact to be a little more explicit, it is the change in
unemployment that is more notable in its relationship to the potential GDP (the
output gap). His original work noted that a 3% increase in output corresponds
to a 1% decline in unemployment rates (and/or rise in labor force
participation, rise in hours worked, and rise in labor productivity) but as
Goldman Sachs notes this week, Okun's Law has broken . As they point out, even though
US real GDP growth has averaged a meager 2.5% pace since the end of the
recession, the unemployment rate has fallen almost two percentage points from
its peak. There are three implications, in our view: the unemployment
rate is hopelessly miscalculated (and is much higher); potential
growth is much lower than economists have been expecting (not such good news for real
growth); and the multiplier effect of money has dropped
structurally
(in other words the implied money flow from more workers is not circulating the
way it empirically has to juice growth). It seems to us that none of these are
good for growth as the reality of a higher unemployment rate (BLS adjustments aside)
is negative, lower potential for growth impacts earnings expectations (as we
are already seeing in company and analyst outlooks which has perplexed those
market watchers pinning their hopes on the jobless rate), and the balance sheet
recessionary impacts of the 'employed' minimizing debt rather than maximizing
potential gain is a further drag. Either way, as Goldman notes the
potential growth rate going forward (2012 and 2013) is likely to remain quite
weak , in
the neighborhood of 2% in line with the CBO's dismal views and this could be
further exacerbated by the drop in labor force participation we have noted
vociferously. , Dave’s
Daily: http://www.etfdigest.com ACCIDENT-PRONE MARKETS February
10, 2012 ‘With volume remaining holiday light and many indicators signaling
overbought conditions, we’ve suggested markets were an accident waiting to
happen… , Taxpayers
Are Owed $133B From Bailouts http://video.foxbusiness.com/v/1416049583001/taxpayers-are-owed-133b-from-bailouts/?playlist_id=87093 , Investors
Take Note: A Seismic Shift Has Begun in China… February 10th, 2012 http://gainspainscapital.com , Anxiety over incomes hits consumer morale , The
Epic Farce Continues - US Attorneys General "Robosigned" A
Foreclosure Settlement Which Does Not Exist
Durden , Proof
Of LTRO Bank Stigma, Or Why Mario Draghi Is Lying
Durden , Obama
Revises CBO Deficit Forecast, Predicts 110% Debt-To-GDP By End Of 2013, Worse
Deficit In 2012 Than 2011 Durden , Ben Bernanke
FTMFW Quote Of The Day Durden And the winner is... BERNANKE:
HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT … Here are some other
pearls of ‘is dumb’ from helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm , Manipulation
And Abuse Confirmed In $350 Trillion Market
Durden Just over three years ago, Zero Hedge first
pointed out some dramatically meaningless inconsistencies in one of the
world's most important numbers (which also happens to be
"self-reported" and without any checks and balances) - the London
Interbank Offered Rate, better known as LIBOR, which is the reference rate of a
rather large market. Following that, we made a stronger case that the Libor,
should really be abbreviated to LiE On
the Uselessness of Libor " from June 2009, which alleged that this
number is essentially manipulated, potentially with malicious intent. That
alone got us a very unhappy retort from the British Banker Association (BBA ) which is the banker-owned entity set to
"determine" what the daily Libor fixing is based on how banks
themselves tell us their liquidity conditions are. Well, as has been getting
more and more obvious over the past two years, our allegations were 100%
correct, and have now manifested in a series of articles digging through the
dirt, manipulation and outright crime behind this completely fabricated number.
And yet this should be the most
aggravated offence in the capital markets, because LIBOR just so happens is the
primary driver in determining implicit risk as a reference rate for $350
trillion worth of financial products. That's right - that one little number,
now thoroughly discredited, has downtstream effects on $350,000,000,000,000.00
worth of notional assets , All The World’s Gold by News
(NumberSlueth) http://albertpeia.com/gold.jpg , [
AP: I personally believe significant amounts of american gold reseves have been
looted, amounts misstated consistent with the typical patterns of fraud / theft
endemic to america in these rather grim, desperate times accompanied by
pervasive fraud and corruption. ] , University
of Michigan consumer sentiment (prelim) fell to 72.5 in Feb, below market
expectations of 74.0, vs 75.0 Jan.
, Violence
erupts as Greece ponders tough terms for new bailout , US
trade gap widened to -$48.8 bln in Dec, near expectations of -$48.0 bln, vs
-$47.06 bln in Nov. , MARKETS
SINK AND GREECE IS FALLING APART: Here's What You Need To Know Business
Insider , Unemployment,
Foreclosures, Rising Debts and Despair: AMERICA’S SOCIAL CRISIS Bob Chapman
| 2012 is going to be a difficult year
, 2-10-12 Leading
Economist: “We’re In a No Win Situation… This Is End of the World Type Stuff”
*Video* Mac Slavo | This is an
interview that shouldn’t be missed http://www.prisonplanet.com/leading-economist-%E2%80%9Cwe%E2%80%99re-in-a-no-win-situation%E2%80%A6-this-is-end-of-the-world-type-stuff%E2%80%9D-video.html
, David
Rosenberg: Bearish And Sticking To It
The Wall Street Journal ’ Rosenberg Dave’s
Daily: http://www.etfdigest.com vs 370K
expected) continued to show some improvement but inside the numbers was one
standout data point—there was no gain in “new hires”. So we’re still just
seeing people falling off the roles , Naked
Capitalism Thursday, February 9, 2012The
Top Twelve Reasons Why You Should Hate the Mortgage Settlement Yves Smith , DJ EU
CRISIS ROAD MAP: Key Milestones Ahead http://www.dowjones.com/products/djfxtrader/articles/EUCRISISROADMAPKeyMilestonesAhead0209.asp
February 9, 2012
, Infographic:
Presenting A World Covered In (Hundred Dollar Bill) Debt Durden 2-9-12 http://albertpeia.com/europeandebtcrisispiigs.htm
Our friends at Demonocracy have
once again surpassed themselves, and have followed up the
infographic showing the truckloads of cash that are needed to rescue the
insolvent PIIGS, with this masterpiece which, while making the naive assumption
that debt is represented by physical paper (when it is nothing but a bunch of
electronic ones and zeros stored in various computers around the world),
presents in gloriously visual terms precisely what the literal debt burden of
the world's would look like expressed in piles of one hundred dollar bills. The
result is quite stunning... , Guest
Post: Stop The (Printing) Press!.... If Only We Could
Durden
2-9-12 , Calm
Before The Storm? Credit Plunges As VIX Futures Jump Most In 2 Months Durden 2-9-12 , Is
The Foreclosure Settlement A Shadow Bailout For Broke California Durden 2-9-12 , Guest
Post: Self-Interest And The Pathology Of Power: The Corruption Of America Part
2 Durden
2-9-12 The Power Elites'
time-honored strategy to protect their own wealth and grip on power has three
components: Is
A Greek Uncontrollable Default Inevitable? Durden
2-9-12 It seems … , Money, Money,
Everywhere Durden
2-9-12 FX Concepts' John Taylor is out with today's slam dunk de-noisification real, Economists
Surprised Again By Unemployment Claims, Should Not Have Been : ilene
: 02/09/2012 - 21:37 Lots of motion, little progress. , Drudgereport: WIRE:
Foreclosure Deal to Spur Home Seizures... , Israel teams with terror group to kill Iran’s nuclear
scientists, U.S. officials tell NBC News
, The High Cost of 0% Rate
Feb 8th, 2012 (24hGold) — The interminable extension by the US adoption of pure heresy in monetary policy, making it
mainstream forces
foreign central banks to adopt the same destructive policy in the Competing
Currency War
Dollar and
America on the Road to Ruin Greg Hunter 2-8-12 By Greg Hunter’s USAWatchdog.com (revised) ‘In
the last week or so, I’ve noticed an unusual amount of really well written and
researched articles warning of impending doom and financial horror. These
articles are not written by a bunch of angry uneducated bloggers but by money
managers, investors and financial writers. All are people who got it
right leading up to the meltdown of 2008, and my bet is they are right again.
The mainstream media (MSM) told you after the 2008 crash, “Nobody saw that coming,”
Kiss
Hopes Of Chinese Easing Goodbye: January Inflation In China Soars To Highest
Since October Durden
2-8-12 , Are
Government Unions Out Of Control? An Infographic Durden
2-8-12 , Greek
Meeting Ends Without Conclusion: LAOS Head Refuses To Sign Deal Durden 2-8-12 , Diamond
Foods Fires CEO, CFO After Audit Committee Finds Books Have Been
"Cooked" For The Past Two Years Durden
2-8-12 First, small momo-favorite companies. Next: entire nations.
Finally: the all-seeing, all-dancing central banks…, Bill
Gross Explains The European Ponzi Durden
2-8-12 Not like it is news, but... Out of one pocket, into
another…, S&P
Threatens US With Another Downgrade In As Little As 6 Months Durden 2-8-12
, Bernanke
Talks His Book : Bruce
Krasting : 02/08/2012 He's in the process of ruining the
country. , Ter·ror·ist
(Noun): Anyone Who Disagrees with the Government : George Washington : 02/08/2012 - 01:03 Any
American Who Criticizes the Government May Be Labeled a Terrorist , Ponzi
Proof: Trustee says MF Global sustained itself on customer funds Washington Post Jobless
Decline Masks Drop in U.S. Labor Force Feb 8th, 2012 (Bloomberg) — The
unemployment rate’s unexpected drop to a three-year low has overshadowed a
less-positive labor- market development: fewer Americans are looking for
work.Last week’s Labor Department announcement that the jobless rate fell to
8.3 percent in January sent stocks and bond yields higher. The same report
showed the share of working-age people in the labor force had declined to the
lowest level in 29 years…, U.S. Yes,
It Is Halftime In America – So Now Is The Time To Get Your Financial Priorities
In Order ECB http://albertpeia.com/halftimeinamerica.htm , Why
Is Global Shipping Slowing Down So Dramatically? ECB http://albertpeia.com/globalshipslowingdramatically.htm ‘If the global economy is not heading for a
recession, then why is global shipping slowing down so dramatically? Many
economists believe that measures of global shipping such as the Baltic Dry Index
are leading economic indicators. In other words, they change before the
overall economic picture changes. For example, back in early 2008 the
Baltic Dry Index began falling dramatically . Better Safe than Sorry - A Top Seems to be Forming Maierhofer , China's
Road to Becoming a Reserve Currency
The Wall Street Journal Believe
In A Return To The Gold Standard? You Are Now Officially An Extremist According
To The FBI Durden
2-7-12 ,
Greek
Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9%
Rise Durden
2-7-12 ,
Unadjusted
Consumer Credit Soars By Most Since Peak Of Credit Bubble In August 2007, Third
Highest Ever Durden
2-7-12 it was on credit Spiegel:
"It's Time To End The Greek Rescue Farce" Durden
2-7-12 , Illusion
of Recovery: Feelings Versus Facts The
Burning Platform , Ron
Paul Warns Of Federal Reserve Power Grab: Infowars Nightly News
Prisonplanet.com | Ron Paul has warned that a new agency is itself an
unconstitutional monster that will further degrade the financial health of the
country. , ‘The people out there that
believe that the U.S. Presenting
The "Rise Of The HFT Machine" - Visual Confirmation How SkyNet Broke
The Stock Market On US Downgrade Day Durden
2-6-12 Zero Hedge has not been focusing much on the topic of our broken
equity markets recently because if by now, following over three years of
coverage, someone is not aware Nanex , who are by far the best forensic
analysts of everything that is busted with the US stock market, have completed
a masterpiece analysis showing the churning (packet traffic) in the various
fragmented US market venues, from the NYSE to the Nasdaq to BATS and so forth,
on a daily basis beginning in January 2007 and continuing through today. While
the "rise of the HFT machine" what is stunning is the first
animated confirmation of the market terminally breaking on August 5, 2011, the
day the US was downgraded, an observation
that first was made right here on Zero Hedge August
5, 2011 when the US was downgraded to AA+, when everything literally broke,
who is intervening constantly in the stock market, and why are they doing so
via various HFT intermediary mechanisms? , Contrary
to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs
Were Actually LOST In January Washington Citigroup:
Risk of Greek Exit From Euro Has Risen to 50% The Wall Street Journal , Fixed-Income
ETFs Rally Despite Europe's Pending Recession Motley Fool , Greece
Has No Idea What It’s Gotten Itself Into February 6th, 2012 http://gainspainscapital.com ‘.. the next round of the Euro Crisis is now at
our doorstep. Indeed, this latest short-covering rally in the Euro (Euro shorts
were at a record high) looks ready to end and reverse ..’ , , Guest
Post: What If We're Beyond Mere Policy Tweaks? Durden
2-6-12 The mainstream view
uniting the entire political spectrum is that all our financial problems can be
fixed by what amounts to top-down, centralized policy tweaks and regulation: But what if the rot is already beyond the reach of
more top-down policy tweaks? The
painful truth is that we are far beyond the point where policy/legalist
regulatory tweaks will actually fix what's wrong with America. This is the great illusion: Negative
Bank Preannouncements Begin Durden
2-6-12 We are not even half way into the quarter, and the negative
preannouncements for financials have already begun:MACQUARIE SAYS `SUBSTANTIALLY LOWER LEVELS' OF CLIENT
ACTIVITY – BLOOMBERG , Guest
Post: Bringing The "Not In The Labor Force" Mystery To Light Durden 2-6-12 , Volumeless
Equity Recovery Ignores Broad Risk Asset Derisking Durden
2-6-12 , San
Fran Fed Finds Fiscal Stimulus Has Little Impact During Periods Of Economic
Growth Durden
2-6-12 It has only been
a week since we discussed the San Francisco Fed's research water was
wet Fed policy will be unable to impact unemployment since the cyclical
changes are more structural leading to jobless recoveries as fat is removed
from the system. , Guest
Post: Illusion Of Recovery - Feelings Versus Facts Durden
2-6-12 The last week has offered an amusing display of the difference
between the cheerleading corporate mainstream media, lying Wall Street shills
and the critical thinking analysts. What passes for journalism at CNBC and the
rest of the mainstream print and TV media is beyond laughable. , MF
Global Trustee Finds That Company "Did Not Always Record Cash
Movements" Durden
2-6-12 The MF Global Trustee has just released their preliminary report
on the progress in uncovering where the vaporized cash went. Bloomberg notes:#1MF GLOBAL DIDN'T ALWAYS RECORD CASH MOVEMENTS,
TRUSTEE SAYS know , "No
Country For Old Men?" Bernanke Plan To Exterminate Savers Is Unsustainable Durden 2-6-12 Bernanke's recognition of
his penalizing savers with low rates as an 'issue for people' sparked an
interesting note
from the WSJ on how sensible and stoic savers are being herded (unsafely)
into risky investments… , Greek
PM Demands Report On Default, Eurozone Exit Consequences Durden 2-6-12 , Fed’s
Bullard: Extended Zero Rate stance ‘A Looming Disaster’ Feb 6th, 2012 (MNI)
, Greece
lets another deadline slip in bailout poker Feb 6th, 2012 (Reuters) , Illusion
of Recovery: Feelings Versus Facts The
Burning Platform 8.3% Unemployment Lie Greg
Hunter | The most recent unemployment number is a total lie, and that lie was
repeated all over the mainstream media (MSM).Is
Obama's Peace Prize About To Be Confiscated? Nobel Peace Prize Jury Under
Investigation Durden
on 02/05/2012 [ If it isn’t, it should
be! Alternatively, if it isn’t confiscated, the nobel etc. should be abolished
or relegated to the international joke they would then be and currently is as a
consequence thereof! At the very least, they should be totally ignored until
their wobama error is corrected! ]
, Goldman
Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market
Rally Won't Last Long Forbes , The
Worldwide Depression/Recession Of 2012
Jeff Harding , STOCKS
RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘ Greece
inches toward default and the sufficiency of Europe's EFSF bailout fund ‘ , Bloomberg Morgan Stanley's
Adam Parker was crowned the most accurate forecaster when the S&P 500
closed 2011 within a handful of points of his year-end target of
1,238. His 2012 year end target calls for stocks to fall to 1,167 Bank
of America via Zero Hedge Mary
Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935
is nothing; the S&P 500 will crash to 579.57United-ICAP's
Walter Zimmerman (via WSJ's
Tom Kilgore ) is a technical analyst who has been looking at the charts and
they're telling him that the S&P is headed for 579.57 Europe . “If
the history of debt tells us anything it is that one cannot solve a debt crisis
by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As
it stands, the dollar is toast Laura4Smith
Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose
credibility, thanks to manipulation by the Fed. , Persistent delevering will
cause the whole world to implode Bloomberg TV Bill Gross
kicked 2012 with a particularly gloomy letter. , Home prices will fall another
20% Bloomberg In his
latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12
calls for home prices to continue plummeting, falling another 20% over the next several years I expect the hard Greece S&P will trade down to/below 1000 US If you think
this is a bad economy, you haven’t seen anything yet . And that has profound implications for both Main Street ", Graham
Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the
weekend when the least number of people are paying attention… The answer is a
Crisis that will make 2008 look like a picnic.This is coming… it’s only a
matter of when…’ 17
Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To
Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning
Signs That We Should Prepare For The Worst
http://albertpeia.com/prepareforworst.htm
) Very few things illustrate how dramatically America has been deindustrialized
than the stunning decline of the U.S. auto industry. , RealClearMarkets
- Gary Shilling New Global Recession Is Here (It’s
actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular
By Howard Gold NEW YORK 20
Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is
descending on Europe . http://albertpeia.com/20signsofeuropedepression.htm , Guest
Post: Counterfeit Money, Counterfeit Policy Durden
1/31/12 Counterfeiting
is illegal because it is the false creation of value . The counterfeiter takes low-value paper and turns it
into high-value money, which is fundamentally a claim on the real productive
value of the economy that issues the currency and recognizes it as a proxy
means of exchanging that productive value. Counterfeiting is illegal because
the counterfeiter creates no additional value--he creates only the proxy for
value. Creating real value--adding meaningful goods or services to the
economy--is tedious, hard work. How much easier to simply transform
near-worthless paper into a claim on actual goods and services. If this
is illegal, then would somebody please arrest the Board of the Federal Reserve
for counterfeiting? The Fed has blatantly printed money without creating any
real value to back up their added claims on productive value. Hence they are
counterfeiting, pure and simple. A government based on rule of law would arrest
these fraudsters and cons at the earliest possible convenience. , Survey:
home prices declined in 19 of 20 cities in November; prices back to 2003 levels
Jan 31st, 2012 (AP) , Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis Natural
News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ]
‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”, The Markets Since Their 2000 Highs: We're Not
Bouncing Back
http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if
the real inflation rate used. Wall street is total fraud and b***s***! Keep in
mind, ina addition to loss of principle, the flux / worry takes its toll on
health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , The
Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its
contraindicated ponzi / inflationary implications. ] , 45% Of
Greeks Have Never Used The Internet Durden
on 02/02/2012 { These stats are rather shocking to me and surely
pathetic. Note Iceland http://albertpeia.com/greeksinternet.jpg } , Europe's
"Great Deleveraging" Has Only Just Begun Durden
on 02/02/2012 While Europe's financial services sector equity prices
have retraced almost half of their May11 to Oct11 losses as we are told
incessantly not to underestimate the impact of the LTRO, Morgan Stanley points
out the other side of the balance sheet will continue to sag. While short-term
liquidity (at least EUR-based liquidity as USD
FX Swap lines are back at record highs this week ) , Guest
Post: Fraudulent Debt = Counterfeit Money Durden
on 02/02/2012 Let's compare
three financial criminals Goldman,
Blackstone, Glencore and Facebook. What do they have in common? They all sold
the Top. : thetrader
: 02/02/2012 Smart money selling again. ,
Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis Natural
News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ]
, House prices hit
post-bubble low Washington Post Obama’s
Economic Approval Just 36 Percent Campaign2012 | Only 36 percent of likely
voters grade the administration’s handling of the economy at good or
excellent. , Bribery,
compromised officials leave indicted financial-crime suspects free from
prosecution under Holder’s DOJ Daily
Caller By Matthew
Boyle http://dailycaller.com/2012/02/01/bribery-compromised-officials-leave-indicted-financial-crime-suspects-free-from-prosecution-under-holders-doj/#ixzz1lI97L3C5 Justice
Department source has told The Daily Caller that at least two DOJ
prosecutors accepted cash bribes from allegedly corrupt finance executives who were
indicted under court seal within the past 13 months, but never arrested or
prosecuted. , ‘FULL
COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm
, I
Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent
Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm ‘On Friday, the entire financial world
celebrated when it was announced that the unemployment rate in the United States right here . Based on this news,
pundits all over the world were declaring that the U.S. 1.2 million ever America economic
crisis has been cancelled. I can't take it anymore! It is beyond
ridiculous that so many intelligent people continue to buy in to such
fraudulent numbers… http://albertpeia.com/Labor-Force-Participation-Rate-440x264.png , http://albertpeia.com/Employment-Population-Ratio-440x264.png
… , Long-Term
Unemployment Remains High, Millions Leave Labor Force Matt Cover Dave’s Daily:
http://www.etfdigest.com
CONTROVERSIAL JOBS REPORT STOKES BULLS February 03, 2012 ‘The jobs
report Friday was a ginned-up number but the media and algos don’t look under
the hood much it seems. Yes, the unemployment rate fell to 8.3% and 243K new
jobs were created and perhaps the number itself will boost confidence.My
favorite book from college statistics was ‘How to Lie with Statistics’. I
believe the Bureau of Labor Statistics (BLS) may have ripped a chapter or two
from the book. The details were interesting and little reported because the
media has soap to sell. First a whopping 1.2 million people vanished from the
labor force in 2011. That is a massive seasonal/consensus driven adjustment.
The BLS assumes those people aged 55 and higher died from the 2010 consensus. (So much for living longer in the USA This means the labor
force fell to a 30 year low of 63.7%. Around 113K of the gain in employment
came from low wage jobs according to CRT Capital Group. Also part-time jobs
rose by 699K, the third highest in history, while only 80K full-time jobs were
created. Finally, the ISM Services Report, which rose to 56.8 from 52.6,
included an increase in sector employment from 49.8 to 57.3, but perhaps didn’t
include large sector bank layoffs. Other skeptics included PIMCO’s Bill Gross
who tweeted: http://albertpeia.com/grosstweet.htm Respected TrimTabs Jesse’s
Café Americain. Lack of in-depth or accurate reporting aside, the stock
market loved the report as it was “dummy up” time in the media. Other data
included rising Factory Orders but missed expectations (1.1% vs 1.8% previous
& 1.5% consensus)…’ , Obama’s
economic policies have created a nation of jobless citizens dependent on
government handouts Natural News | It’s no secret that the U.S. national
debt is poised to increase by more than $6 trillion during President Obama’s
first four years in office., Record
1.2 Million People Fall Out Of Labor Force In One Month, Labor Force
Participation Rate Tumbles To Fresh 30 Year Low Durden
2-3-12 unprecedented record 1.2 million 1.2 million
people dropped out of the labor force in one month Which means that the civilian labor force tumbled to
a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating
nearly half of the available labor pool from the unemployment calculation Implied
Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year
High Durden
2-3-12 not as more and
more old people have to work overtime, Marc
Faber: "Ron Paul Would Be A Very Good President" Durden on 2-3-12 While Marc Faber shares
the usual stock of insightful market commentary, together with timing
inflection points, and extended thoughts in the attached Bloomberg TV clip, it
is the fact that he has officially joined Bill Gross, and so many others, in
supporting the candidacy of Ron Paul as president. It is rather sad that only
those who see beyond the surface of the current pyramid scheme facade, are bold
enough to endorse the only man who is right for the White House. Fast forward
to 15 minutes into the video to hear Marc Faber: "Ron Paul would be a very
good president.", Europe
Celebrates Its Latest Recession With Record High Gas Prices Durden on 2-3-12 , Is
China's Yield Curve Signaling A Harder Landing? Durden
on 2-3-12 , Guest
Post: Counterfeit Value Derivatives: Follow The Bouncing Ball Durden on 2-3-12 According to the Bank of
International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding
notional value of 707.57 trillion dollars Deconstructing
The "Massive Beat" in Employment Data : ilene
: 2-3-12 If last week's tax data is
indicative of what's ahead this month, the "good news" won't be
sustained. Why U.S. Unemployment Rate Is
12.1% http://www.bullseyemicrocaps.com/?p=46058
February 2, 2012 Carlos X. Alexandre :definition for U6 is
as follows: “Total unemployed, plus all persons marginally attached to the
labor force, plus total employed part time for economic reasons, as a percent
of the civilian labor force plus all persons marginally attached to the labor
force.” I must acknowledge that the BLS has made modifications to its methods (pdf) over the years, but I
used their numbers as published…’ , Why
the Notions of Systemic Failure or “Going to Zero” Are On Par with Bigfoot and
Unicorns for Most Investors http://gainspainscapital.com February
2nd, 2012 ‘I wanted to take a moment to address the notion of serious collapse
and/or systemic failure...Most professional traders are usually under the age
of 40 (in fact they’re typically in their mid to late 20s). 1) Didn’t
experience the 1987 Crash 2) Have never seen a Crisis that the Fed/ IMF/ etc.
couldn’t handle..Most institutional traders today operate, for the most part,
based on trading models. These models, in general, are quantitative and based
on correlations and patterns, not , .Dave’s Daily: http://www.etfdigest.com FACEBOOK IPO THE WORST KEPT SECRET ON WALL
STREET February 01, 2012 [ As per Dave, infra, note the continued prior data
revised downward in this continuing ‘data ponzi scheme’ along with a multitude
of other ponzi schemes; and, let me add, I don’t believe their data in any
event, here and in europe, particularly that contrived / manipulated for this
election year. ] ‘Yes, the copy that
follows has little to do with Facebook. After all what do we really know about
it? The much watched ISM Manufacturing Data (54.1 vs 54.5 consensus and
previous 53.1 revised lower) stimulated bulls Wednesday. Cynics believe auto
manufacturers are just stuffing inventory to dealers. We’ll see if these cars
get sold or not. One thing is clear; it’s easier to buy a car for consumers
given industry self-financing than it is to buy a home period. If you have a
pulse, you can buy a car. (See U.S. U.S. China ’s PMI was slightly higher than expected
(50.5 versus 50.4 previous) as was Europe ’s
(48.8 versus 46.9) was part of the stimulant. It may mean no manufacturing
slowdown in those regions. Further the eurozone news that Greek debt
negotiations with its bond holders would be resolved soon was also bullish.
But, later it was announced a settlement may not occur until next week. Where
have we heard this stuff before? (See Overseas Sectors & ETFs below for
FXI, EZU and EFA).U.S. ADP Employment Data was rather confusing showing a jobs
gain of 170K versus the previously revised data (325K to 292K). So jobs gained
were weaker but bulls didn’t seem to mind. Construction Spending increased 1.5%
but here too, previous data was revised sharply lower to .4% from 1.2% making
Wednesday’s data seem better than it really was…’ , AMR wants to cut 13,000 jobs, pensions , JOSH KOPELMAN: “I THINK 2012 WILL LOOK MORE LIKE 2008
THAN 2011″ Erick Schonfeld http://techcrunch.com/2011/11/26/josh-kopelman-i-think-2012-will-look-more-like-2008-than-2011 , Greece
Warns It Will Soon Be In "Condition Of Absolute Poverty" Durden 2-1-12 , Market
Round-Trips To Yesterday's Open Durden
2-1-12 , "I'm
Bill Gross And I Endorse Ron Paul For President"
Durden
2-1-12 , "Hours"
Downgraded To "Days" - Greek Deal No Longer "Any Hour Now" Durden 2-1-12 , As
A Reminder, The President's Mortgage Plan Is "Dead On Arrival" Durden 2-1-12 , GM
Channel Stuffing Resumes, January Dealer Inventory Second Highest Ever Durden 2-1-12 Just as we thought GM's
channel stuffing days may be coming to an end, and the company may finally be
normalizing its inventory management, here come January numbers, where we learn
that in addition to car sales declining by 6% compared to a year ago, at
167,962 vehicles sold (of note: "Retail deliveries declined 15 percent
compared with the same month a year ago and accounted for 70 percent of GM
sales"), it was the all critical month end dealer inventory that caught
our attention. And unfortunately as the skeptics expected, GM is back to its
old tricks, as dealer inventories rose once again, this time by over 36k units,
or the second highest in its post-reorg history, to a near record 619,455
vehicles stored with dealers. This is just the second highest ever in fresh
start GM history, second only to November's 623,666. The January-end number represents
89 days supply, but more importantly the recent spike in restocking, which was
seen with all other major car dealers, explains the ongoing
"expansion" in the US Guest
Post: Our Counterfeit Economy Durden
2-1-12 Borrowing money based on
imaginary future surpluses is a higher form of counterfeiting. And that is
precisely what the U.S. is doing, borrowing immense sums at every level,
private, corporate and State/Federal, all leveraged against phantom future
surpluses, even as the economy requires some 10% of its supposed output (GDP)
to be borrowed and spent on consumption each and every year just to run in
place, i.e. the Red Queen's Race (Bernanke, Goldilocks and The Red Queen
January 10, 2011). In other words, the U.S. You cannot counterfeit
actual surplus value generated by productive assets, you can only counterfeit
proxy claims on future surplus. , Some
Good News For Those of Us Who Are Sick of the Corruption February 1st, 2012
http://gainspainscapital.com http://albertpeia/americascorruptiondrugtrade.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ‘At some point someone will talk… and that’s
when things will get interesting.The last four years have been something of a
high-water mark for corruption in the US. Whether it’s Solyndra, Congress’s
insider trading, MF Global, the countless pork spending bills from Congress, or
any number of the other hundred or so incidents that have made decent ordinary
people outraged, we’ve definitely entered a period in which everyone knows the
deal: the power elite live by a different set of laws than the rest of us.A record 64 percent of American adults surveyed by
Gallup in a poll released Monday rated the honesty and ethical standards for
members of Congress as “low” or “very low… Wall Street CEO or member of Congress might go to
jail, the confessions are going to start coming fast and furious. , Dead
Market Exhibit A: January Volume Durden
1/31/12 , Gold,
Silver Winning 2012 Asset Return Race With 11 Months Left Durden 1/31/12, Chicago
ISM sank to 60.2 in Jan, well below market expectations of 63.0, vs 62.2 in
Dec. Jan 31st, 2012 , Amazon
Slides After Missing Revenues Expectations, Guides Much Lower Durden 1/31/12 ,
California
To Run Out Of Cash In One Month, Controller Warns Durden
1/31/12 , Greece
Calls Crisis Meeting As Debt Talks Stall Durden
1/31/12 , Euro
Zone Jobless Hits Highest Level Since Birth of Euro Jan 31st, 2012 (CNBC) , Labor
Unions Demand Escalation Of Trade War With China, Ask Obama To Restrict Chinese
Auto Part Imports Durden
, Greece
Releases New Proposal With Even Greater Losses To Creditors Durden , Prophetic
Economist Warns, ‘It’s Curtains for the US.’ Prepare. (Moneynews) Katrina Turner , STOCKS
GO NOWHERE ON MORE DISAPPOINTING DATA: Here's What You Need To Know Business Insider , US
S&P Case-Shiller home prices -0.7% in Nov for 20-cities index, -3.67% y/y,
weaker than market expectations. Jan 31st, 2012 , SPX Update: Bears Fire a Shot Across the Bow By Jason Haver Jan
31, 2012 , 47
Signs That China Is Absolutely Destroying America On The Global Economic Stage http://theeconomiccollapseblog.com http://albertpeia.com/47signschinadestroyingamericaoneconomicstage.htm , Senators:
Get Rid of Dollar Bills The Wall
Street Journal [ Given the dollar debasement policies, they’re kind of
like those nuisance pennies, and, as fiat paper currency, don’t even have the
value of copper to fall back on. ] , Exxon
Leads DJIA Losers On Tepid Day Wall
St. Cheat Sheet [ Increased costs the reason, the flip side of that debased
dollar manipulation that’s artificially propped earnings, particularly for
those multi-nationals. ] , Investors: There's Increased Probability of a Correction Minyanville Read more: http://www.minyanville.com/businessmarkets/articles/gold-prices-price-of-gold-federal/1/30/2012/id/39109#ixzz1kzPLaKZl Dave’s Daily:
http://www.etfdigest.com BULLS KEEP
JANUARY ASCENT INTACT January 30, 2012
‘Eurozone news took markets lower early as Portugal’s bond yields rose
sharply and there still is no accord on Greek debt with private lenders. News
from the eurozone remains .. natural to suspect some end-of-month window
dressing. U.S. stocks began
to rally off triple digit DJIA lows led primarily by technology after Europe closed (funny how that happens). Burlington
Northern stated the economy was growing slowly and they were adding
employees and railroad cars to meet perceived demand. This helped stimulate
stocks overall even though it was little help to the transport sector (IYT)
which closed the day down .43%In housing market news was this eye-opening story
that Freddie Mac was betting big time against its own customers. Or, as the
story headline goes, “When
Homeowners Lose, Freddie Mac Wins ”. Betting
against your own customers isn’t anything new on Wall Street, something begun
by then Goldman Sachs CEO Robert Rubin in the 90s. But for the government to do
so states the obvious conflict. Also in the news was the government
has increased loss projections for the auto bailout to $27 billion... http://i238.photobucket.com/albums/ff171/flyfry/new%20album/image004-114.jpg .. These stories hardly seem
bullish..consumer spending was lower…’ , REGARDING
SOCIAL PROGRAMS AND GOVERNMENT OUTLAYS: THE MONEY SIMPLY ISN’T THERE
January 30th, 2012 http://gainspainscapital.com
, Fannie
Mae, Freddie Mac Shown as Mortgage Market Predators : rcwhalen
: 01/30/2012 This morning, NPR and ProPublica, began reporting on financial
transactions at Freddie Mac that bet against homeowner refinancing with their
portfolio. , The
Market Could Soon Bottom (And Nobody Knows It) Minyanville David Banister
Jan 30, 2012 , The
Baltic Dry Meltdown Continues The
Wall Street Journal , Making Money On Poverty: JP Morgan Makes Bigger Profits
When The Number Of Americans On Food Stamps Goes Up http://theeconomiccollapseblog.com http://albertpeia.com/makingmoneyonpoverty.htm
, Guest Post:
The Price of Growth Durden
on 01/30/2012 … Are we better off if a near-term recovery comes at the
expense of our future security? The prudent among us would disagree. , Long-Dated
VIX Still Priced For Depression Risk Durden
on 01/30/12 , San
Francisco Fed Admits Bernanke Powerless To Fix Unemployment Problem Durden on 01/30/2012 , Europe Has
Worst Day In Six Weeks Zero Hedge , It's
Official: German Economy Minister Demands Surrender Of Greek Budget Policy,
Says It Is First Of Many Such Sovereign "Requests" Durden on 01/29/2012 , Greece
Politely Declines German Annexation Demands Durden , Dave’s Daily: http://www.etfdigest.com
1-26-12 ‘…http://www.marketwatch.com/video/asset/investors-skip-the-january-indicator-for-stocks-2012-01-26/D6D6B044-07E7-455A-A669-F97B87EE8452#!D6D6B044-07E7-455A-A669-F97B87EE8452
What's known as the "January indicator" says a positive month often
yields gains for the year. But the indicator isn't what it's cracked up
tobe,according to Market Watch's MarkHulbert , IfTheEconomyIsImproving…(Not!)... http://albertpeia.com/economynotimproving.htm , Market
Preview: The Fed's Stealth Bailout of Europe TheStreet , I
Present To You The First Probable US Commercial Real Estate Insolvency Of Many
To Come Middleton : 01/26/2012 GGP part deux, as the hopium high sold by US
regulators that allowed banks and borrowers to pretend bad loans were good
wears off and reality sets in.. , Dave’s Daily:
http://www.etfdigest.com 1-27-12 GDP DATA CONFIRMS SLOW GROWTH ‘GDP data was released Friday revealing
headline economic growth of 2.8% versus consensus of 3.1%. Real economic growth
after inflation was only 1.7% for 2011. Negatively affecting the data were
lower state and local government spending, private inventory investment and,
believe it or not, federal government spending. While the all-important, and
much watched by the Fed, PCE (Personal Consumption Expenditures) was higher it
was a disappointment overall. This may reflect what the Fed saw in the data
(weak growth) which then caused them to keep interest rates low for a long
period. They must worry this slow growth condition is going to be with us for a
long time. This is hardly encouraging.The month of January has only a couple of
trading days left. Even with Friday’s poor performance the month is still
scoring outsized gains for most stock sectors. Consumer Sentiment data has
stock prices as a high component, so it’s not surprising the measure was 75
versus 74 expected … , Largest
Central Banks Now Hold Over 15 Trillion in Fictitious Capital : ilene
: 01/27/2012 , The
Silent Anschluss: Germany Formally Requests That Greece Hand Over Its Fiscal
Independence Durden
on 01/27/2012 , Endgame
Begins - UK "Foreign Office Sources Say Merkel Now Thinks Greece Will
Default" Durden
on 01/27/2012 , Friday
Tragedy: The US Debt Limit Explained Durden
on 01/27/2012 , Fitch
Gives Europe Not So High Five, Downgrades 5 Countries... But Not France Durden
on 01/27/2012 , France France 16
Statistics Which Show That The Number Of Americans Dependent On The Government
Is At An All-Time High http://theeconomiccollapseblog.com http://albertpeia.com/16statsamericansdependentongov.htm , Largest
Central Banks Now Hold Over 15 Trillion in Fictitious Capital : ilene
: 01/27/2012 A strong yen strikes again. , Fed
Won't Admit it - But QE3 is Already in Force ETFguide Simon Maierhofer ‘..True, there is no QE3 (yet) in the form of
QE1 or QE2 . QE stands for quantitative easing and
quantitative easing happens when a central bank buys financial assets to inject
money into the economy. Even though it's not called QE3, the Fed is right now
making billions of dollars available to buy financial instruments. We're not
talking about Operation Twist here; we're talking about a covert operation
that's essentially a U.S.
bailout of Europe .. the S&P has reached
(and exceeded) the initial up side target and is starting to create a sell
signal similar to the May 2011 top..’ , Greenspan's
Successor Pushing On A String Forbes
, ECONOMY
DISAPPOINTS, EUROPE GETS DOWNGRADED, MARKETS GO NOWHERE: Here's What You Need
To Know Business Insider , All
Central Bank Balance Sheets Are Exploding Higher, Or Engaged In QE Jan
27th, 2012 (The Big Picture) — The degree to which central banks around the
world are printing money is unprecedented …’ Economists
React: GDP 'Less Impressive Than It Looks' at The Wall Street Journal , Euro
Zone Money Supply Offers Grim News at
The Wall Street Journal , Q4
GDP Misses Estimates, Inventory Stockpiling Accounts For 1.9% Of 2.8% Q4 US
Economic Growth Durden, The US economy grew
at a 2.8% annualized pace in the supposedly blistering fourth quarter, yet
the number was a disappointment not only in that it missed estimates of 3.0%
(and far higher whisper numbers) but when one looks at the components, where a whopping 1.94% of the upside was attributable
to a rise in inventories as restocking took place the economy grew at a 0.8% pace ex inventories. Juncker
Breaks Away From Propaganda Pack, Says Euro Default Will Lead To Contagion Durden Roubini's
Bearish Forecast Is Bullish For Gold Durden He said,
“Rising commodity prices, uncertainty in the Middle East, the spreading
European debt crisis, increased frequency of “extreme weather events” and U.S.
fiscal issues are “persistent” problems that will continue to spur market
volatility and sway asset prices in the global economy. This is great news for
gold. Goldman Sachs noted in a report on Jan. 13th that futures will advance to
$1,940 an ounce in 12 months. Morgan Stanley forecasts the yellow metal
will climb to a record of $2,175 by 2013, said analysts Peter Richardson and
Joel Crane in their research report. , IceCap
Asset Management: No Country For Old Men Durden Most Canadian
pension funds are banking on 7% annual returns forever. Over the next few
years, this unrealistic expectation will cost the respective governments and
companies millions in shortfalls. In the USA ,
the California Stephen
Roach Explains How The Fed Is Pulling The Wool Over Our Eyes Durden , The
Fed Cannot Move Without a Crisis… And One is Coming http://gainspainscapital.com January 26th, 2012 ‘Well the Fed
disappointed as I stated it would. How anyone could be surprised by this is
beyond me. The Fed was admitting that the consequences of QE rendered it less
“attractive” as an option as far back as May 2011.Moreover, the last six months
have shown the Fed to be relying heavily on verbal intervention rather than
direct monetary intervention. Every FOMC meeting (and any time the market takes
a dive) some Fed official steps forward and promises that the Fed stands ready
to help if needed.The reasons for this are three fold: #1) Why
bother with monetary intervention when you can get the same effect from verbal
intervention? #2) The Fed is too politically toxic now to simply
unveil a massive new monetary scheme without a Crisis hitting first.
#3) The Fed is well aware of the consequences of QE (higher food and
gas prices) and while it focuses on CPI as the measure of inflation, the
political pressure engendered by higher costs of living are certainly on the
Fed’s radar. In plain terms, the bar for more QE is set much, much higher than
the vast majority of analysts realize. The reason is that the Fed can no longer
simply prime up the printing presses if the economy takes a dip. , Median
Single Family Home Price in Terms of Gold Jan 27th, 2012 (Chart of the Day ) — Severely depressed
real estate prices continue to be a concern for investors. For some perspective
on the magnitude of the decline in home prices, today’s chart presents the median
single-family home price divided by the price of one ounce of gold. This
results in the home / gold ratio or the cost of the median single-family home
in ounces of gold. For example, it currently takes a relatively low 105 ounces
of gold to buy the median single-family home. This is dramatically less than
the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down over 80% from
its 2001 peak http://albertpeia.com/housegold.gif , The Man Without A Plan http://theeconomiccollapseblog.com
http://albertpeia.com/omanwithoutaplan.htm ‘Barack Obama is a man without a plan.
, Newt Gingrich promises to build a moon colony by 2020; make it a
U.S. state [ Wow! Absolute proof that the slimy newt’s not dealing with a
full deck. Say anything? This takes the cake! The ‘idea man’? Sure, all he
needs is Aladdin’s lamp and infinite capital! Oh yeah, reality
nothwithstanding, nasa boondoggles sell well in Cape
Canaveral , Florida (and Houston , Texas America’s
debt woe is worse than Greece’s News $211 trillion . How pathetic and desperate, that slimy newt! ] , Why
These Dow Losers Fell Motley
Fool (Thu, Jan 26)[ Yes indeed, that horrifying ‘jersey/bush-texas att’, a
big iphone subsidizer, showed a substantial loss. Microsoft's Windows battles slack PC sales / profits fall – As
regards the state of technology generally, and American particularly, I’m even
far less sanguine than Peter Thiel who feels technology generally, is ‘wanting’.
I also believe as he the iphone to be vastly overrated, underwhelming and
‘beat’ beyond the now ubiquitous touch screen, though more euphemistically said
by Thiel (I am glad however that apple, my first computer –Apple IIC 1986 – has
survived). I also believe american technology beyond the hype to be horrendous.
The internet has been the biggest thing in terms of technological advance, and
we all see what some cro-magnuns (at best) in washington are trying to do to
that. See also, http://albertpeia.com/declineusautoindustry.htm ]
, Dave’s Daily:
http://www.etfdigest.com GEITHNER
& BERNANKE WANT TO PUMP YOU UP January 25, 2012 [ Dave is ‘spot-on’ and
really gets it right! Except, this is actually worse than a Ponzi scheme
inasmuch as they are printing and debasing the ever more worthless fiat paper
Weimar dollar currency for which there is ‘no free lunch’. Once again you’re
paying for the frauds (including the churn-and-earn high frequency computerized
trades) on wall street by the higher prices you pay as a direct consequence.
This is a despicable, doomed to failure as previously despite obfuscation,
government sponsored/sanctioned fraud. ]
‘Geithner suggests the economy is getting stronger. Bernanke says the
economic recovery is fragile. He elects to print more money to reinvest
maturing Treasury bonds into more mortgage-backed securities. These securities
will then mature and the Treasury indirectly will have to redeem them. This is
a Ponzi-Scheme. And, while the Fed prints money, Bernanke states the U.S. Notable
ETF Outflow Detected - DIA, CAT, UTX, BA Forbes , Obama
and Bernanke: Cooking Up Another Market Bubble? { Indeed they
are …one that will burst with 99.999% certainty! } Forbes James Marshall Crotty , Market Preview: A Huge Mistake Michael Baron [ Huge mistake indeed!
Inflation, vastly understated, including inflated stock prices the misguided
goal of such bad economics as we’ve previously and are once again witnessing,
is already surging and will get much Weimar worse! ] , IMF TO GERMANY: EUROPE IS ON COURSE FOR DISASTER http://regator.com/p/254695398/imf_to_germany_europe_is_on_course_for
, Market
Now Pricing In $770 Billion Increase In Fed Balance Sheet Durden on 01/25/2012 , And The Winner Is...Gold Durden on 01/25/2012 Year-to-date T-Minus
11 Months Until Geithner Resignation Durden
on 01/25/2012 Easily the best news of the day:GEITHNER SAYS OBAMA WOULDN'T ASK HIM TO STAY FOR A
SECOND TERM , "Tying
It All Together" with David Rosenberg Durden
on 01/25/2012 Our discussions (here, here ,
and here )
of the dispersion of deleveraging efforts across developed nations, from the
McKinsey report last week, raised a number of questions on the timeliness of
the deflationary deleveraging process. David Rosenberg, of Gluskin Sheff, notes
that the multi-decade debt boom will
take years to mean revert Bill
Gross' Explains The FOMC Decision: "QE 2.5 Today, QE 3, 4, 5 … Lie
Ahead" Durden
on 01/25/2012 , Fed
Slashes Growth Outlook, Six Fed Officials Do Not See Rate Hike Until 2015 Durden on 01/25/2012 This is just getting
better and better: *FOMC: 2012 GROWTH
AT 2.2%-2.7% VS 2.5%-2.9% IN NOV. FORECAST *ELEVEN OF 17 FED OFFICIALS SEE MAIN
RATE ABOVE 0.25% IN 2014 *SIX OF 17 FED OFFICIALS SEE NO RATE INCREASE
BEFORE 2015 *FOMC DOESN'T SET SPECIFIC LONG-RUN GOAL FOR EMPLOYMENT LEVEL Contrary
to Widespread Claims, There Is NO EVIDENCE that Iran Is Building a Nuclear
Weapon : George Washington : 01/25/2012 Even American
military and intelligence chiefs admit this ... , FOMC adopts 2%
inflation target Jan 25th, 2012 (FRB) [ Yeah, right! By printing more fiat
paper currency. Inflations well in excess of 11% and going higher. , Fed
set to push back timing of eventual rate hike Jan 25th, 2012 (Reuters) , Portugal
Debt Insurance Costs Hit Record As Yields Rise Jan 25th, 2012 (Dow Jones) ,
‘Portugal needs more
bailout funds’ Jan 25th, 2012 (BusinessReport) , U.S.
treasury raids federal employee pension funds to cover debts J. D. Heyes Commercial
Property Bubble: Anxiety Mounts Over 2012 Maturing Loans New York Times The
Demise of State Sovereignty: Pressures on the Euro Amidst Rising Debt Levels
Bob Chapman | We announced our belief a few weeks ago that the Fed loan to the
ECB could with fractional banking be $10 trillion. , 24
Facts That Show How Ridiculously Unfair Our Economy Is For Americans Under The
Age Of 30 The American Dream | If you are an American under the age of 30,
you have probably figured out by now that the entire economic system is stacked
against you. , Goldman
Stolpers Clients Again, This Time With Short Bond Call Durden on 01/25/2012 Goldman does it
again. Whereas the exploits of one Tom Stolper are well known, and frankly much
expected by the general community due to his infallible advice and 100% inverse
track record, we did not realize just how pervasive his M.O. was within the broader
firm. Now we do. As a reminder, on Monday Goldman came
out with a recommendation to sell the 10 Year . "We are now of the view that a break to the upside, to
2.25-2.50%, is likely and recommend going tactically short. Using Mar-12
futures contracts, which closed on Friday at 130-08, we would aim for a target
of 126-00 and stops on a close above 132-00. Top 6 trades for 2012 Sorry
Folks, Europe Is Not Fine… Not Even Close
http://gainspainscapital.com
January 24th, 2012 ‘The financial world seems to have adopted the idea that
things will somehow work themselves out in Europe .
I don’t know if it’s because people don’t like to think about negative things
or if someone sent out a memo to everyone that math doesn’t exist or count in
Europe, but somehow investors seem to have decided that as long as we think
positive thoughts everything will be fine. The reality is that every day, Europe is approaching a debt implosion. , S&P
says likely to declare Greece in default Jan 24th, 2012 (Reuters) , IMF
Cuts Global Growth Forecast and Predicts European Recession Jan 24th, 2012
10:30 by News , SPX Update: Bears' Turn Now? Jason Haver Jan
24, 2012 ‘Some key levels to watch for clues to the
market's next move Read more : http://www.minyanville.com/businessmarkets/articles/elliott-wave-elliott-wave-theory-qe3/1/24/2012/id/39000#ixzz1kQu3zisg In conclusion, with several rare, once-a-year (and
some even less frequent) top indictors triggering recently, I have to continue
to stay with the odds here. I believe there's a very reasonable chance that the
top is now in place. , ARE WE ABOUT TO SUFFER A REPEAT OF 1937? — MARKET ANTHROPOLOGY
Tuesday, January 24, 2012 [Worse!] , http://theeconomiccollapseblog.com Mike
Schuster January 24, 2012 Read more:
http://www.minyanville.com/dailyfeed/2012/01/24/apple-burning-through-cash-in/#ixzz1kRY1N6zT Christine
Lagarde Warns Of Global Depression If Governments Don’t Pay Up Wolf Richter
| She never mentioned Germany and the US by name, but those were her prime
targets., Fannie
& Freddie Would Need Another $100 Billion From Taxpayers For Obama’s
Proposed Mortgage Writedown Global Economic Trend Analysis | Fannie Mae and
Freddie Mac have already cost US taxpayers over $200 billion. Report: Buffett's Railroad to Benefit from Obama
Keystone Pipeline Rejection http://www.newsroomamerica.com/story/210153.html By Jon E. Dougherty
(Newsroom America) , The Fed Should
Hire A Mechanic Durden
on 01/24/2012 The “Transmission
Mechanism” Is Broken they have failed . Are
George Soros, The IMF And The World Bank Purposely Trying To Scare The Living
Daylights Out Of Us? [ Short answer:
No! The crisis is real! ] http://albertpeia.com/diretimesahead.htm
[ Let me add that although I didn’t listen to / watch wobama’s b***s*** session
(his words are absolutely worthless and as last time around, belied by his
misguided deeds), I did pay attention to the intelligent, succinct, poignant
Republican Response by Mitch Daniels, Gov. Indiana, and confidently say, if he
so chooses the path, he will prospectively be President. A way his formidable
background and talents could more quickly be brought to the fore would be a Ron
Paul / Mitch Daniels ticket which would be a Mitch Daniels candidacy then
Presidency in 2016. This would give the nation and the world ‘time to breath’
while recovering from wobama way of
failings / missteps. You can’t ignore Oliver Stone’s sagacious opinion
in such matters as these. ( Oliver Stone: I Would Vote For Ron Paul Over Obama Steve Watson | “He’s the only one who’s saying
anything intelligent about the world”. ) His great film anthology speaks for
itself and has ‘caught and treated’ some of the most significant, recent
american historical ‘breakpoints’.] America
After Dark: Desperate Meth Heads, Rampant Human Trafficking And Millions Of
Criminal Predators Searching For A New Victim http://albertpeia.com/americaafterdark.htm , Greek
Debt Deal Rejected As S&P Begins European Bank Downgrades Durden on 01/23/12 , 2012 Update: What Part III of the financial crisis will look
like , http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR , http://www.stansberryresearch.com http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
, http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
, 10
Good And Bad Things About The Economy And Rosenberg On Whether This Isn't Still
Just A Modern Day Depression Durden
on 01/23/2012 [ His and Durden’s answer and mine: YES! ] , Nothing Has Changed, But Bulls Are Becoming More Bullish , Contributor http://www.forbes.com/sites/investor/2012/01/23/nothing-has-changed-but-bulls-are-becoming-more-bullish/?partner=yahootix [ This
article is an incisive yet brief look at the source of funds for the upside
biased stock manipulation and an important read from Forbes / Biderman! ] , If The U.S.
Government Keeps Spending Money Like This We Are Doomed And If The U.S.
Government Stops Spending Money Like This We Are Doomed http://theeconomiccollapseblog.com http://albertpeia.com/doomed.htm
, Fannie, Freddie writedowns too costly: regulator WASHINGTON (Reuters) - The
regulator for Fannie Mae and Freddie Mac told lawmakers
that forcing the two mortgage firms to write down loan principal would require
more than $100 billion in fresh taxpayer funds… [ In other words, like the fed,
banks, fannie/freddie are carrying
worthless toxic assets ‘marked to anything’. ] , United
Welfare States of America: In 2011 Nearly Half The Population Received Some
Form Of Government Benefit Durden
on 01/22/2012 , Interactive
Visual History Of Financial Crises Since 1810 - Note Where The Fed Arrives Durden on 01/22/2012 As the name implies.
What is funny is how only after The
CDS Market And Anti-Trust Considerations Durden
on 01/22/2012 The CDS index market remains one of the most liquid
sources of hedges and positioning available (despite occasional waxing and
waning in volumes) and is often used by us as indications of relative flows and
sophisticated investor risk appetite. However, as Kamakura
Corporation has so diligently quantified , the broad CDS market
(specifically including single-names) remains massively concentrated JPMorgan Chase, Bank of America, and Citibank
National Association, have market shares in excess of 19% each Q&A
On The Greek Restructuring, And Why It's All For Nothing Durden "Would
the restructuring make the Greek situation sustainable? No. Sorry, but no is
the answer. “01/22/2012 , Super
Broke Mario Brothers Kindly Request The ESM Be Doubled To €1 Trillion Durden on 01/22/12 , Super
Mario Brothers Super Denied: Schauble Tells Italy, ECB We Like You Just The Way
You Are Durden
on 01/22/2012 , Graham
Summers Weekly Market Forecast (Fed Up Yet? Edition) January 23rd, 2012 http://gainspainscapital.com ‘The
market is rallying… again… on hopes of a Greek deal… and QE 3.This is the very
same game we’ve been playing for over two years now. Greece Why
Isn’t Illinois A Bigger Story Than Greece? John Rubino Gerald
Celente on Trend Forecasting and the Crisis of Western Civilization http://www.prisonplanet.com/gerald-celente-on-trend-forecasting-and-the-crisis-of-western-civilization.html Daily Bell | The Daily Bell is pleased to
publish this interview with Gerald Celente. [ http://albertpeia.com/celenteondeclinefallwesternciv.htm ]
, Greek
Bondholder Talks Stalled, Agreement Unlikely By Monday Deadline Durden on 01/21/2012 , India
Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees Durden on 01/21/2012 , Global
Deleveraging - You Are (Not) Here Durden
on 01/20/2012 , SOPA Shelved Durden on 01/20/2012 And so following a
massive groundswell of protest with the government's attempt to blatantly
confiscate the First Amendment, SOPA quietly dies., Marc
Faber Resumes Bloodfeud With Treasurys, Still Sees Entire Financial System
Imploding Durden
on 01/20/2012 , The
Stock Ramp Is Just More Deja Vu "Insanity" Warns Morgan Stanley Durden on 01/20/2012 When Morgan Stanley
now agrees with most of what Zero Hedge has been saying (especially when it
earlier announced that a short covering rally in the EURUSD is imminent, as we
have been warning for the past two weeks), it may be time to get concerned. , Weren’t
We Facing A Systemic Collapse a Few Months Ago? What’s Changed Since Then? http://gainspainscapital.com January 20th, 2012 ‘Investors are getting
strangely bullish.If you’ll recall, the entire European banking system nearly
imploded just 8 weeks ago. Things were so dire that we even had a coordinated The
Global Elite Are Hiding 18 Trillion Dollars In Offshore Banks http://theeconomiccollapseblog.com
, Forget
the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm [ The frauds on wall street are shootin’ for
the superstitious so-called ‘January effect’ based on based on market frothing hopium for
unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck
suckers in and keep suckers sucked in! Don’t be their fool! The
fundamentals/realities, current and prospective, are worse than ever. There are
no systems/formulas for these unprecedentedly dire times. Don’t be their
sucker! This is an especially great opportunity to sell / take profits because
there’s much, much worse to come! Here’s a simple chart of the Dow’s
history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become
in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t
be scammed by the frauds on wall street, et als., Gutsy Call - A Top Seems to Be Building By Simon Maierhofer |
ETFguide http://finance.yahoo.com/news/Gutsy-Call-A-Top-Seems-Be-etfguide-2174494942.html?x=0
, Dave’s Daily:
http://www.etfdigest.com BIG BLUE
DOMINATES TRADING January 20, 2012
‘Let’s not kid around, IBM is nearly an 11% weight in the price-weighted
Dow Jones Industrial Average. What happens to it on any given trading day
matters and can potentially mislead investors over the true performance of
markets overall..breakdown of current weightings. http://i238.photobucket.com/albums/ff171/flyfry/new%20album/0120-1.jpg http://albertpeia.com/dowstockweightings.jpg
, IBM
Accounts For The Entire Upward Move In Dow Jones Index Today Durden on 01/20/2012 Wondering why with
the S&P and Nasdaq both down, the DJIA is up 60 points? Wonder no more:
courtesy of a few strategic index-weighing calculations, IBM is responsible for
59.4 DJIA points, or virtually the entire
up move in the most popular stock index Greenspan's Laugh: Housing Bubble Indicator? [ Into the minds
of madness! Who’s laughing now…they’re now widely known to be incompetent
jokes! ] By [email protected] (Derek Thompson) | The
Atlantic ‘infamous
transcript of the Federal Reserve's first meeting in 2006, the word
"[Laughter]" appeared at least 45 times. , Is
This Why They Won’t Prosecute? Top Justice Officials Represented Big Banks,
Freddie, Fannie Washington’s Blog | Obama’s Department of Justice isn’t
prosecuting any big fish. Dave’s Daily:
http://www.etfdigest.com ‘Thursday
brought us better news on Jobless Claims as new claims fell (352K vs 383K
consensus a prior revised higher as usual to 401K). The problem of course is
with continuing claims and the number of people who have fallen off the
rolls.The CPI was unchanged for the month and this gave bulls the idea another
round of QE was in the works as early as this month. The Philly Fed Survey
was a disappointment and miss (7.3 vs 10 expected and previous at 10.5).
Housing Starts declined (.657M vs .678M expected and previous .685M).Other news
noted the ECB buying €50 billion of sovereign debt in the eurozone. Still the
idea of an extra $500 billion IMF bailout (bringing the total to nearly $1
trillion) lingers even as it’s already been shot down given necessary U.S. Michael
Krieger Summarizes "The Building Tension" Durden
on 01/19/2012 The reason I don’t write about markets so much anymore is
because I don’t believe there are markets any longer. Sure there are flashing
prices on the screens for various assets and those can be addicting to look at
on a daily basis, but I think these “markets” are now merely a mechanism for
government propaganda and a method to ultimately fleece more money from the
uniformed masses that play in it by the casino operators and their puppets in
government. , Print-Or-Panic,
TrimTabs On The Market's Meltup Durden
on 01/19/2012 As retail investors continue to appear significantly
pessimistic in their fund outflows ($7.1bn from US equity mutual funds in w/e
January 4th - the largest since the meltdown in early August) or simply stuff
their mattresses , David Santschi of TrimTabs asks
the question , 'who is pumping up
stock prices? Bob
Janjuah: "Payback For The Rally Is Coming In Q2" Durden on 01/19/2012 Bob "The
Bear" Janjuah may appear a little greyer than his previous appearance on
Bloomberg TV but his thoughts on the 'weaker-for-longer' recovery are as
clarifying as ever as he sees Q2 as payback time for the misunderstanding of a
mini US business cycle as a real sustainable recovery. Noting that the LTRO does not fix Europe not addressing growth or
solvency Fed
Back To Its Secretive Ways, Sells $7 Billion In Maiden Lane Assets Directly To
Credit Suisse Without Public Auction Durden
on 01/19/2012 , Keystone
Aftermath Arrives: Canada Pledges To Sell Oil To Asia, As US Becomes Source Of
"Uncertainty" Durden
on 01/19/2012 America's loss is China's gain. , Senate Minority leader speaks out against anti-piracy bill , Google's results fall short, rare miss pummels shares Reuters , Photography pioneer Kodak files for bankruptcy ,China
manufacturing contracts for third month , Microsoft's Windows battles slack PC sales / profits fall – As
regards the state of technology generally, and American particularly, I’m even
far less sanguine than Peter Thiel who feels technology generally, is
‘wanting’. I also believe as he the iphone to be vastly overrated,
underwhelming and ‘beat’ beyond the now ubiquitous touch screen, though more
euphemistically said by Thiel (I am glad however that apple, my first computer
–Apple IIC 1986 – has survived). I also believe american technology beyond the
hype to be horrendous. The internet has been the biggest thing in terms of
technological advance, and we all see what some cro-magnuns (at best) in
washington are trying to do to that. See also, http://albertpeia.com/declineusautoindustry.htm .Without more rapid advances, "people will have a
lower quality of life, where people won't be able to retire Sundance opens with eye on broken American dreams , McAfee software bug could turn customers' PCs into spam servers
(Reuters) , [video]
Bullish Trend Not Backed By Volume
TheStreet , Debt Crisis Worsens, Stocks Up Anyway http://www.buzzbox.com/news/2012-01-19/fitch-ratings:russia/?clusterId=7993066 By Ian Wyatt: Russia is the latest victim of
the global debt crisis. , What were Neanderthals like to hang out with?
— New Scientist http://www.newscientist.com/article/mg21328470.400-into-the-mind-of-a-neanderthal.html?full=true http://albertpeia.com/neanderthals11812.htm , Warning
Signs That We Should Prepare For The Worst
http://theeconomiccollapseblog.com http://albertpeia.com/prepareforworst.htm ‘The warning signs are all around us.
All we have to do is open up our eyes and look at them. Almost every
single day there are more prominent voices in the financial world telling us
that a massive economic crisis is coming and that we need to prepare for the
worst. On Wednesday, it was the World Bank itself that issued a very
chilling warning. In an absolutely startling report , the World Bank
revised GDP growth estimates for 2012 downward very sharply, warned that Europe
could be on the verge of a devastating financial crisis, and declared that the
rest of the world better "prepare for the worst." , "Apocalypse How? Dire
’12 Forecasts " The chorus of astute, prudent voices warning about the
next great financial crisis grows by the day.. profiled in a Bloomberg article http://albertpeia.com/realisticallynegativeforecasts.htm
, Dave’s Daily:
http://www.etfdigest.com FEAR OF BEING LEFT BEHIND January 18, 2012 ‘The primary news pushing
stocks higher Wednesday was hard to put together. Some were pleased by eurozone
reports the IMF was proposing to add $500 billion to the bailout facility
bringing the total to nearly $1 trillion. Such a move would require
congressional approval if we still have a constitution and the rule of law.
Anyway, that idea was shot down by the U.S. 112 Questions
To Ask Yourself In 2012 http://theeconomiccollapseblog.com http://albertpeia.com/112questions.htm
‘,"No
Deal" - Greek Bondholders Do Not Think Agreement Can Be Reached Before
"Crunch Date" Durden
on 01/18/2012 , Bloomberg
On The Worst Start In Years For Earnings Durden
on 01/18/2012 , Obama
Blames Republicans For Keystone XL Decision Durden
on 01/18/2012 The big news of the day, aside from the idiot rally
finally being back on full bore, is that the Obama administration finally
pushed Canada's hand in telling it to sell its crude to China instead of the
US, which we are confident it will gladly do. Much of this was largely priced
on, as was the fact that opportunity for significant job creation was just
kicked to the curb. , Guest Post: The
Final Countdown Durden
on 01/18/2012 One reason for the severity of the financial crisis, and
the losses incurred by banks, is that bankers and financial analysts were
using linear tools in a non-linear, highly complex environment otherwise
known as the financial markets.The models didn’t work. The problem we face now
as investors will end up being existential for some banking institutions and
sovereigns. Our (uncontentious) core thesis is that throughout the west, more
debt has been accumulated over the past four decades than can ever be paid
back., Obama
Kills Keystone XL Pipeline Durden
on 01/18/2012 Who needs actual jobs when you can have crony solar
companies which go tits up in under 2 years at a cost to taxpayers of over half
a bill. , Why Would
the Fed Launch QE 3? Phoenix Capital
Research on 01/18/2012 Past
May Be Prologue, But I Just Warned Of A Central European Depression 2 Years Ago Reggie Middleton 01/18/2012 , Germany’s
Fed Up and Getting Ready to Walk http://gainspainscapital.com January
18th, 2012 , Why Tops are More Difficult to Call than Bottoms -
Why a Top Seems Imminent Simon
Maierhofer , Treasury
dips into pension funds to avoid debt Reuters Greece
Is Insolvent, Will Default on Debt: Fitch Bloomberg | Greece is insolvent
and probably won’t be able to honor a bond payment in March. , Ack! They Are
Actually Going To Let Greece Default!
http://theeconomiccollapseblog.com http://albertpeia.com/letgreecedefault.htm , Fannie
CEO Michael Williams To Quit After 2 Years, Pockets Millions After Receiving
$60 Billion In Bail Out Cash Durden
on 01/10/12 , Lagarde
to Meet Merkel as Debt Pressure Rises Jan 10th, 2012 (Bloomberg) , Soros
Says Europe’s Debt Woes ‘More Serious’ Than 2008 Crisis Jan 10th, 2012
(Bloomberg) , http://albertpeia.com/lloydswallofworry11012.htm
, Three
Reasons Why 2012 Is Shaping Up to Be a Disaster http://gainspainscapital.com
January 11th, 2012 ‘..stocks continue to
rally despite Europe being on the verge of
Collapse. Once again, investors are forgetting that stocks are the most
clueless asset class on the planet… this latest stock market rally isn’t to be
trusted.. 1)
Volume has fallen from awful to absolutely horrendous.. 2) Bonds are
forecasting an event worse than 2008.. 3) The likelihood of more juice coming
from the Fed is getting lower by the day.. bernanke himself admitted that QE has become less
“attractive” as a monetary policy. “The
trade-offs are getting — are getting less attractive at this point 24
Statistics To Show To Anyone Who Believes That America Has A Bright Economic
Future http://albertpeia.com/24statisticsusfuturenotbright.htm , http://theeconomiccollapseblog.com ‘Beware of bubbles of false hope.
Right now there is a lot of talk about how the U.S. Dire predicament, forecast, time to ‘get out of Dodge’ http://albertpeia.com/forecastusdebtgetoutofdodge.htm , 22
SIGNS THAT WE ARE ON THE VERGE OF A DEVASTATING GLOBAL RECESSION http://theeconomiccollapseblog.com http://albertpeia.com/22signsglobalrecessiondepression.htm , Bam!
Bam! Bam! Huge Financial Bombs Just Got Dropped All Over Europe http://theeconomiccollapseblog.com ‘The European debt crisis has just gone to an
entirely new level. http://albertpeia.com/financialbombsovereu.htm
… Yesterday I wrote about 22 signs that we are on the verge of a devastating global
recession, and unfortunately that list just got a whole lot longer… http://albertpeia.com/22signsglobalrecessiondepression.htm , Is the Fledgling 2012 Rally a Fake-Out Breakout? 1-13-12 Simon
Maierhofer | ETFguide [
Yes! ] , S&P downgrades nine euro zone countries JPM
Explains Why The US Economy Is About To Hit A Brick Wall Durden on 01/13/2012 Data
Shows QQQ Has Declined 10% From January High 91% of the Time Minyanville The
Real Dark Horse - S&P's Mass Downgrade FAQ May Have Just Hobbled The
European Sovereign Debt Market Durden
on 01/13/2012 , Faber's
Latest Rant On Global Monetization Wars Durden
, It's
Official: France Cut To AA+ From AAA By S&P, Outlook Negative Durden , Everyone
Hates The Euro - EUR Shorts Hit New Record High Durden
, Guest
Post: Habituating to Contraction Durden
on 01/13/2012 , Greek
Debt Likely Unsustainable Even With Haircuts, Barclays Complete Q&A On PSI Durden , Guest
Post: The Correlation Of Laughter At FOMC Meetings Durden
on 01/13/2012 transcripts
of the Fed's FOMC (Federal Open Market Committee) meetings from 2006 .
Putting hindsight economic analysis aside, you quickly realize more than
anything else: the committee is full of burgeoning comedians! Commentators have already highlighted the
"humor" of the FOMC meetings, but it is really over the top at times That's right, the FOMC was
laughing all the way to …’ , Are
The Middle East Wars Really About Forcing the World Into Dollars and Private
Central Banking? George Washington 01/13/2012 Are countries which want to trade in their
own currencies or to own their own central banks getting spanked ? , VeRY
SuPeRSTiTiouS... williambanzai7 01/13/2012 - 14:17 There is a
fifth dimension beyond that known to PhDs...It is the middle ground between
science and superstition...next stop, the Ponzi Zone... , The Worst Economic Recovery Since The Great Depression Every high-flying market
is bound to find patches of rough air, and the charts show a potential decline
is in store. , S&P
on Italy: Borrowing is Going to Be Tough for a While The Wall Street Journal , Standard
& Poor’s Just Getting Started 13
Jan 2012 By Bess
Levin S&P has also notified other European governments of
looming ratings downgrades , Is
the Federal Reserve Duping Investors?
Minyanville
Jan 13, 2012 Buried information begins to emerge. Read more: http://www.minyanville.com/businessmarkets/articles/todd-harrison-todd-harrison-minyanville-todd/1/13/2012/id/38829#ixzz1jPaeva5I Train
Reading: What Walken Has Learned The
Wall Street Journal STOCKS
SLIDE, FRANCE DOWNGRADED, GREECE NEARS DEFAULT: Here's What You Need To Know
Business Insider , Secondary
Sources: Roubini on 2012 Risks, Fewer Americans Thriving, Central Bankers' MIT
Connections The Wall Street Journal Phil Izzo , MF
Global May Not Be Able to Pay Clients Back: Trustee Reuters , ECRI
Leading Index Still Rolling Over The
Wall Street Journal
Mark Gongloff http://s.wsj.net/public/resources/images/OB-RJ429_ecri_D_20120113104547.jpg
ECRI weekly leading index rolling growth rate. Since this is Bad News Friday,
let’s get this out of the way: The ECRI’s weekly leading index is falling
again.… Even though the ECRI has declared a recession is on the way in the first half of 2012, this
weekly index is not what they use to make that call. They use some longer-term
indexes they only show to people who pay big money for a peep….’
Is
The Fed's Balance Sheet Unwind About To Crash The Market, Again? Durden on 01/13/2012 , On
The Fed's Failure To Inspire, TrimTabs Shows Where The Real Money Is Going Durden on 01/13/2012 As volumes this year
in stock markets remain significantly below last year's but high yield bond ETF
inflows reach record highs, TrimTabs offers some context for the massive
relative flows of real cash into checking and savings accounts versus stock and
bond mutual fund and ETFs. , Guest
Post: Why QE3 Won't Help "Average Joe" Durden
on 01/12/2012 , Foreigners
Sell Record $85 Billion In Treasurys In 6 Consecutive Weeks - Time To Get
Concerned? Durden
, Eric
Sprott: "The Financial System Is A Farce" Durden
on 01/12/2012 2011 was a merry-go-round of more bailouts, more deferrals
and more denial. Everyone is tired of the Eurozone. It’s not fixable. There’s
too much debt. The politicians don’t know what’s going on. Nothing has
structurally changed. We’re still on the wrong path. There’s more global debt
than there was a year ago, and it’s the same old song: extend and pretend,
extend and pretend,… around and around we go,… and it isn’t fun anymore. Just
as we wrote back in October 2007 ,
and again in September
2008 , we feel compelled to state the obvious: that the financial system is a farce. It’s a
complete, cyclical farce that defies all efforts to right itself Credit
Outperforms Stocks As Asset Correlations Deteriorate Further Durden , Why
Do Zombie Banks Hate Writing Off Bad Loans? Jonathan Weil Explains Durden on 01/12/ why all bank earnings
over the past 3 years are fake? Wonder why few if any banks ever dare to take
major write offs and represent the true nature of their financials? Wonder no
longer: Bloomberg's Jonathan
Weil explains . , Obama
Sends Request To Congress For $1.2 Trillion Debt Ceiling Increase , 2012
could be worse than 2011 — Joseph Stiglitz at Project Syndicate http://www.project-syndicate.org/commentary/stiglitz147/English
, The New
International Economic Disorder Mohamed A. El-Erian Guest
Post: Dear U.S.A.: Your Account Is Overdrawn Durden
on 01/12/2012 Dear U.S.A.--your
overdraft protection is about to be pulled. , WAIT…
WASN’T THE GREEK ISSUE SOLVED ALREADY? January 12th, 2012 http://gainspainscapital.com , Largest NYSE Short Interest Changes as of Dec. 30 Bloomberg http://albertpeia.com/shortpositions111112.htm 40%
of Americans Are Now Independent. Independents Would Vote for Paul Over Obama
: George Washington : 01/11/2012 Independents
would elect Paul over Obama. , David
Rosenberg Explains What (If Anything) The Bulls Are Seeing Durden on 01/11/2012 While we have long
asserted that any attempt to be bullish this market (and economy) by necessity
should at least involve the thought experiment of eliminating such pro forma
crutches as trillions in excess liquidity from the Fed, not to mention direct
and indirect intervention by the central planners in virtually all asset
classes, which in turn drives frequent periods of brief decoupling between
various geographies and asset classes (which always is China
Enters The Danger Zone, SocGen Presents The Four Critical Themes Durden on 01/11/2012 As both anecdotal ,
local
and hard
evidence of China's slowing (and potential hard landing) arrive day after
day, it is clear that China's two main pillars of strength (drivers of growth),
construction and exports, are weakening… They detail their concerns about the
Chinese economic outlook (weakening
exports, housing bubble about to burst, local government's debt burden, and
large shadow banking system hard-landing becoming more likely . , Guest
Post: Iran: Oh, No; Not Again Durden
on 01/11/2012 In each of the years 2008, 2009, and 2010, significant
worries emerged that Western nations might attack Iran Iran
trigger a shutdown of the Strait of Hormuz ,
through which 40% of the world's daily sea-borne oil passes, oil prices will
spike, the world's teetering economy will slump, and the arrival of the next
financial emergency will be hastened. Even if the strait remains open but Iran is blocked from being an oil exporter for a
period of time, it bears mentioning that Iran
is the third largest exporter of oil in the world after Saudi Arabia and Russia Iran US has already
committed acts of war against Iran , The Mafia Is
Now "Italy's Largest Bank" Durden
, Guest
Post: Another Consequence Of Economic Decline Durden
, Hedge
Funds Now Hold Future Of Europe Hostage Durden
on 01/10/12 Payback sure is a bitch. , Obama
To Ask For Debt Ceiling Increase In "Matter Of Days" Durden on 01/10/12 , 3
Year Auction Prices At Record High Bid To Cover, Direct Bidders At 2 Year Low,
Even As Debt Ceiling Breached Again Durden
… the never-ending game of repo-mediated ponzi
…1-10-12 , Germany’s
Export Debacle , How
Inferior American Education Caused The Credit/Real Estate/Sovereign Debt
Bubbles & Why It's Preventing True Recovery Pt 2 : Reggie Middleton , 2012 WILL MARK THE
END OF THE EURO HTTP://GAINSPAINSCAPITAL.COM January 10th, 2012 ‘The Euro-zone in its
current form is in its final chapter , LLOYD'S
WALL OF WORRY http://www.minyanville.com/businessmarkets/articles/wall-of-worry-investor-worries-us/1/10/2012/id/38783#ixzz1j7LpeH5p [video]
Mark Hulbert: Don't Bank On Early-January Effect MarketWatch , Investors:
Don't Be Lulled Into False Sense of Security Minyanville , 2012 – The Year
of Living Dangerously Jan 10th, 2012 (USAGOLD) — Now that we have
officially entered the new year, we have two articles of interest to offer. The
first is written by our own resident economist, Peter Grant: The Homeric Choice:
Scylla, Charybdls and Gold . , HTTP://THEECONOMICCOLLAPSEBLOG.COM/ARCHIVES/HOW-TO-PREPARE-FOR-THE-DIFFICULT-YEARS-AHEAD HOW TO PREPARE FOR THE DIFFICULT YEARS AHEAD Graham
Summers’ Weekly Market Forecast (Nothing’s Changed Edition) http://gainspainscapital.com January
9th, 2012 We are now into the second week of 2012 and frankly I can’t see any
fundamental reason to be bullish about things. The European debt Crisis
continues to accelerate, with France ’s
borrowing costs rising dramatically and the yield on Italy Copyright
Lawyers Oppose SOPA … And Say It Won’t Even Work : George Washington : 01/09/2012 Why Do We Write
Again and Again Abou SOPA? Because It Would Kill the Internet and Free
Speech ... , Alcoa
Meets EPS Forecast On Rise In Revenue, Free Cash Flow Turns Negative Durden on 01/09/2012 Alcoa was expected
to generate $(0.03) in EPS in Q4 and so it did. However, it took it 5.99
billion in top line revenue just to not miss traditionally lowered Wall Street
estimates. This compares to the $5.7 billion it was expected to make: so there
goes your margin. And when one looks at EPS on a purely operational basis, the
Company had a loss from operations of $193 million or $(0.18) EPS which
included a $74 million benefit from taxes..., PIMCO's
El-Erian: QE3 Won't Produce The Outcomes We Want Durden
on 01/09/2012 , Guest
Post: Why Bernanke Has Failed, And Will Continue To Fail Durden on 01/09/2012 Ben Bernanke's
zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing
of risk, debt and assets are destroying capital and capitalism. No wonder his
policies have failed so miserably. Bernanke's
policy is to punish capital accumulation and reward leveraged debt expansion. 40
Wall Street: John Corzine's Latest Office Space? Durden
on 01/09/2012 While nearly three months after the MF Global bankruptcy
nobody still has any idea where the billion + in commingled client money has
gone, nor why Corzine is still out and about walking freely, the former CEO of
both Goldman, MF Global and New Jersey is rumored to be looking for office
space at 40 Wall…, Italian
Bonds Surge To Early November Wides Durden
on 01/09/2012 10Y Italian bonds (BTPs) ended the day at their
second-widest closing spread to Bunds ever (at 533bps Germany
Issues Bills With Negative Yields As Economists Agree Country Is In Recession
Durden
on 01/09/2012 , Consumer
Credit Jumps By Most In 10 Years On Surge In Car Loans Durden on 01/09/2012 What happens when
consumer savings plunge to year
lows , when a major shopping holiday is just around the corner, and when
every TV station tells you to spend, spend, spend for Thanksgiving just to show
your friends and family you care for them? Why people go out and buy on credit
of course. Lots of credit. As the just released G.19 ,
aka Consumer Credit, data from the Fed indicates, in November US How To
Prepare For The Difficult Years Ahead
http://theeconomiccollapseblog.com How should people prepare for the difficult
years that are coming? Trends forecaster Gerald Celente recently told ABC
Australia that he is more concerned about the global financial system
today than he has ever been
before …“I would say, since I’ve been
doing this work, over 30 years ago, I’ve never been more concerned than I am
right now.” Australia
that many areas of Europe are already essentially experiencing an economic
depression….“If you live in Greece , you’re in a depression; if you live in Spain , you’re in a depression; if you live in Portugal or Ireland Lithuania Bulgaria 11 percent , and the “real” unemployment
number is somewhere around 22 or 23 percent .., For Euro Zone,
the Heat Is on Again Reuters | The euro zone crisis seemed to vanish from
the headlines for a brief moment as 2011 ticked over into 2012, but it is about
to return with a vengeance. , US
Economic Forecast for 2012 and the Election Year Cycle 1-4-12 James
Hall America Doug
Casey Addresses Getting Out of Dodge Durden
01/04/2012 The fact is that the US has been on a slippery slope for
decades, and it's about to go over a cliff… , 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com ‘We have all been lied to. For
decades, the leaders of both major political parties have promised us that they
can fix our current system and that they can get our national debt under
control. As the 2012 election approaches, they are making all kinds of
wild promises once again. Well you know what? It is all a giant
sham. The United
States U.S. for CNN ...The government's total indebtedness -- its fiscal gap -- now stands at
$211 trillion, by my arithmetic. The fiscal gap is the difference, measured in
present value, between all projected future spending obligations -- including
our huge defense expenditures and massive entitlement programs, as well as
making interest and principal payments on the official debt -- and all
projected future taxes…#33 56
trillion dollars . That is more than $683,000
per family… , LLOYD'S WALL OF WORRY Kahner 1-4-12 ‘QE: Inflation headline numbers still low
so chances of US QE still high. US ECONOMY: “Ain’t no stoppin’ us now, we got
the groove….” A barely GDP positive, high unemployment, weak housing market,
rising inflation groove…. UNEMPLOYMENT: Just like the rent, Jimmy McMillan
would say: “It’s too damn high!” INVESTOR SENTIMENT: Has left the building.
HOUSING CRISIS: 2012 is its five-year “wood” anniversary. To be celebrated with
a piece of driftwood in an effort to help underwater mortgage holders stay
afloat. CENTRAL BANKS: The Wall of Money has started. Hard to see as it is a
glass wall, but a wall all the same…will it hold? CRISIS OF CONFIDENCE:
Confidence is emerging! Confidence that this year will not be more confusing
than last year. Sigh. EUROPEAN ECONOMY: Going subterranean. THE EUROPEAN UNION : “Oh lets, let’s stay together, lovin’ you whether,
whether, times are good or bad, happy or sad….” SOVEREIGN DEBT: Can I interest
you in a light, bubbly, effervescent vintage 2012 $8 trillion debt auction?
BOND VIGILANTES: Barring a Mayweather/Pacquiao galactic superfight, this is the
one bout to watch this year. GREECE CHINA IRAN : Gonna be a
war of words type-of-year from Iran NORTH KOREA :
Rumor is they are secretly engaged to South Korea
Dire
predicament, forecast, time to ‘get out of Dodge’ http://albertpeia.com/forecastusdebtgetoutofdodge.htm , Morgan Stanley On
Why The Gig Is Up Durden "What we have on our hands is a good old
fashioned quagmire" is how Morgan Stanley's Mike Wilson sets up his
surprisingly non-sheep-like perspective on the troubles that US equity
investors may be about to face. Expanding on MS's bearish strategic
(fundamental) forecast, that
we discussed earlier in the week , Wilson combines the 'liquidity vs
negative-real-rate' thesis (that the Fed's liquidity is perhaps no longer 'good'
for stocks ) with his own
views on ECRI 's weakness
(very 2008-like in relation to ECO surprises ), household debt deleveraging (more and longer), how much QE3 is already priced in and what will its effect be when
it comes (less and less positive in nominal and real terms), investor sentiment
(very
bullish ), long-term technicals ( weak breadth ), and short-term earnings expectations (deteriorating and weighted to 'weak' financials to end with the pragmatic realist perspective that
perhaps 'the gig is up' ., Fitch
Downgrades Hungary To BB+, Negative Outlook Durden
, Guest
Post: Italy Gone Fascist? Durden 01/06/2012 , Record
Consecutive Treasury Dump From Fed's Custody Account
Durden Euro
Shorts Surge To New Record High - Is An EC Margin Hike Approaching?
Durden Japanese
Zombie Banks Perfected By Europeans Durden Barclays
Estimates ECB Losses On Bond Purchases At €30 Billion, Or Nearly Half Of
Eurosystem Capital Durden Sarkozy
Threatens With War If Euro Fails Durden Art
Cashin Explains What Is Really Happening In Iran Durden Guest
Post: Be Careful What You Wish For, Such As ECB Printing Money Durden Last month,
global equity markets fairly demanded that the ECB hurry up and print, through
buying euro zone debt. Effete euro elites publicly demurred at first, insisting
that unlike crass Anglo-Saxons, they didn’t let financial markets push them
around. Shortly thereafter, to markets’ thrill, LTRO was launched, i.e.
backdoor money printing, since any sentient investor realizes that the debt
being bought by the ECB is effectively like a loan to a family member , Deus
Ex Alpha Centauri: Buy Euros Now As SETI May Have Discovered Aliens
Durden , http://theeconomiccollapseblog.com Look Out
Below – The Nightmarish Decline Of The Euro Has Begun , 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger ,
When Times Get Tough,
The Tough Get A Backbone , 2012 Will Be More Difficult Than
2011 , 30
Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes
As We Enter 2012 , The
Number One Catastrophic Event That Americans Worry About: Economic Collapse
, 40
Hard Questions That The American People Should Be Asking Right Now , The Obama
Nation: Even More Debt And Even More Store Closings , The Worst Time Of The Year? , A Very
Scary Christmas And An Incredibly Frightening New Year , Look
Out Below – The Nightmarish Decline Of The Euro Has Begun http://theeconomiccollapseblog.com , Here
We Go Again: US $25 Million Away From Debt Ceiling Breach Durden 01/05/2012
, EURUSD
Dips Below 1.28 As All Hell Breaks Loose In Italian Financials Zero Hedge ,
Top
Three Central Banks Account For Up To 25% Of Developed World GDP Durden 01/05/2012
, Mass
Home Refinancing Rumor Rejected, And Why Even If It Was True It Would Not Help
BAC Durden
01/05/2012
, Mike
Krieger On Why He Supports Ron Paul Durden
01/05/2012
, CMA
Now Officially Assumes 20% Recovery In Greek Default - Time To Change Sovereign
Debt Risk Management Defaults? Durden , Why You Should Run When Wall Street Says Buy - Simon Maierhofer | ETFguide , [video]
Companies Dial Down 2012 Forecasts 01/05/12
TheStreet Companies are dropping their forecasts for 2012 and money
managers are nervous to commit funds says Ken Polcari of ICAP Equities. , US
ISM non-manufacturing index rose to 52.6 in Dec, below market expectations of
53.0, vs 52.0 in Nov. Jan 5th, 2012 , Concerns
over European debt crisis resurface amid bank shares drop, lukewarm French bond
sale Jan 5th, 2012 (Washington Post) , French
Borrowing Costs Rise at Auction as AAA Rating Faces Threat of Cut Jan 5th,
2012 , The
Can Kicking Is Ending - Key Upcoming Dates For Europe's Patient Zero Durden on 01/04/2012 , Retail
Investors Pull $140 Billion From Equity Funds In 2011 Which Close The Year With
19 Consecutive Outflows Durden , Equity
Valuations And The Jobless Recovery Durden , Euro
Zone Isn't Only Potential 2012 Boogey Man The Wall Street Journal , Guest
Post: President Obama, Demopublican Durden 01/04/2012 There is literally no difference between Obama and a
moderate Republican when it comes to the truly important policies governing the
nation's insolvent finances, its predatory financial sector, its corrupt and
fraudulent sickcare system or its sprawling Empire. Stock
Bulls Should Exercise Continued Caution
Minyanville DoctoRx Jan 03,
2012 ‘ … I have frequently referred to a chart produced by a British
analyst, Andrew Smithers (click on “q and FAQs,”) who
brilliantly (fortuitously) published a book in March 2000 proclaiming stocks to
be in the greatest bubble in history -- the very month that the NASDAQ stock Funds q CAPE include data for
the year ending 30th September, 2011. (99% of EPS for the S&P 500 being
available by 8th December, 2011). At that date the S&P 500 was at 1131.42
and US non-financials were overvalued by 26.5% according to q CAPE .
(It should be noted that we use geometric rather than arithmetic means in our
calculations.)As at 8th December, 2011 with the S&P 500 at 1234.35 the
overvaluation by the relevant measures was 38% for non-financials and 50% for
quoted shares.Although the overvaluation of the stock market is well short of
the extremes reached at the year ends of 1929 and 1999, it has reached the
other previous peaks of 1906, 1936 and 1968…’ , Psychopaths
Caused the Financial Crisis … And They Will Do It Again and Again Unless They
Are Removed From Power : George Washington : 01/03/2012 The Inmates Are Running the Asylum , On
The World's Reserve Currency: What's Past Is Epilogue
Durden
on 01/03/2012 Simply put, "it does not last for ever" should
be ringing in the ears of every investor in the world with more than a few
millisecond return horizon… But it is JPMorgan's Michael Cembalest who frames
it the best, "I am reminded of the following remark from late MIT
economist Rudiger Dornbusch: 'Crisis
takes a much longer time coming than you think, and then it happens much faster
than you would have thought US
Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP,
$14 Billion From Breaching Debt Ceiling Durden
on 01/03/2012 , Global
Bond Issuance To Top A Staggering $8 Trillion In 2012
Durden
on 01/03/2012 , Would
A Ponzi By Any Other Name Smell As Bad? Durden
on 01/03/2012 The bond market has always had clever names for bonds in
specific markets. Eurobonds, Yankee bonds, Samurai bonds, and now, Ponzi
bonds. I’m not sure what else to call these new bonds, but Ponzi bonds Guest
Post: War Imminent In Straits Of Hormuz? $200 A Barrel Oil? Durden on 01/03/2012 , The
Ministry Of Propaganda Declares Ron Paul "Unelectable" Durden on 01/03/2012 , Presenting
2011's Top 10 Most Corrupt American Politicians Durden
on 01/02/2012 http://albertpeia.com/10mostcorruptpols.htm , Guest
Post: The Circling Black Swans Of 2012 Durden
on 01/02/2012 ‘If we had to summarize the Status Quo's confidence
that no black swans will threaten its control in 2012, we might begin with its
faith that the system's self-regulation will resolve all systemic challenges. The
faith is that extending and pretending will magically restore the
"growth" the Status Quo needs to support its ballooning debt. make a mockery of the Status Quo's supreme Imperial
hubris’ , European
Economy Contracts For Fifth Month In A Row, More Pain Ahead Durden on 01/02/2012 , Spain
Releases Another Stunner: Deficit Could Be Greater Than 8% Of GDP Durden on 01/02/2012 , Deposits
With ECB Decline By €30 Billion In New Year, Still Near All Time Record Durden on 01/02/2012 , Ratio:
3.5 Million Homeless and 18.5 Million Vacant Homes in the US Crooks and Liars , New
Asian Union Means The Fall Of The Dollar Brandon Smith , Gloomsday:
Germany and Europe Expect a Tough 2012 Jan 2nd, 2012 (Der Spiegel) , Austerity
Reigns Over Euro Zone as Crisis Deepens Jan 2nd, 2012 (New York Times) , The Casino
Gulag Model with Max Keiser The Alex Jones Channel | Former trader Max
Keiser joins Alex to discuss the imploding economy. , Catherine
Austin Fitts on Wall Street’s Corruption, the Austrian School and Who’s
‘Really’ in Charge Daily Bell , Total
Collapse of The Dollar and Skyrocketing Oil Prices in 2012: Lindsey Williams
Reports , Insane
Levels of Leverage by the Too Big to Fail Banks – Not Deadbeat Borrowers –
Caused the Financial Crisis Washington’s Blog , Collapse
of the Eurozone ‘will start this year’ as countries pull out of the single
currency, leading think tank warns UK Daily Mail , 6
Reasons Why Buying A Home Is Like Throwing Away Money , 2012 Will Be
More Difficult Than 2011 http://theeconomiccollapseblog.com/
Do you believe that 2012 will be more difficult for the global economy than
2011 was? Well, that is what German Chancellor Angela Merkel
believes. The woman that has become the most important politician in Europe recently declared that 2012
"will no doubt be more difficult than 2011". The funny thing is
that she has generally been one of the most optimistic public figures in Europe throughout this debt crisis. But now even
Merkel is openly admitting that 2012 is going to be a really, really bad year…’ , Guest
Post: A Run On The Global Banking System - How Close Are We? Durden on 12/27/2011 Nine weeks after its
bankruptcy, the general public still
hasn’t quite realized the implications of the MF Global scandal Because once the general public catches on to what we
already know . . . , Goldman
Says Good Riddance to 2011 Durden
on 12/29/2011 "Not many market participants will lament the passing
of 2011 .. slowing growth public
sector cuts renegotiation
of the social compact between state and society ripe
for political turmoil source of more shocks as the year progresses , SPX
Update: Is Your 401(k) Ready for a 70% Haircut?
Minyanville Open Thread:
2011 Closes....Down Durden
on 12/30/2011 , Guest
Post: 2011 - Catch-22 Year In Review Durden
on 12/30/2011 ‘ The Wall Street mantra of stocks for the long run is
beginning to get a little stale. If Abbey Joseph Cohen had been right for the
last twelve years, the S&P 500 would be 4,000. For this level of accuracy,
she is paid millions. Her 2011 prediction of 1,500 only missed by16%. The
S&P 500 began the year at 1,258 and hasn’t budged. The lowest prediction
from the Wall Street shysters at the outset of the year was 1,333, with the
majority between 1,400 and 1,500. The same Wall Street clowns are now being
quoted in the mainstream media predicting a 10% to 15% increase in stock prices
in 2012, despite the fact we are headed back into recession, China’s property
bubble has burst, and Europe teeters on the brink of dissolution. They lie on
behalf of their Too Big To Tell the Truth employers by declaring stocks undervalued,
when honest analysts such as Jeremy Grantham, John Hussman and Robert Shiller
truthfully report that stocks are overvalued and will provide pitiful returns
over the next year and the next decade.’, As
'11 Ends, 11 Charts Of 11 Disturbing 11 Year Trends Durden
on 12/30/2011 , Guest
Post: New Asian Union Means The Fall Of The Dollar Durden
on 12/30/2011 , Foreigners
Dump Record Amount Of US Treasurys In Past Month Durden
on 12/30/2011 , Refinery Crunch In
Europe Durden
on 12/30/2011 A few weeks ago we discussed
the pressure the Greeks were under to source their energy needs from Iran since
no one else would extend them credit. The European credit strain contagion now
appears to be spreading rapidly as Europe 's
largest independent refiner by capacity, Petroplus
Holdings AG, is suspending operations at three plants as banks freeze a $1bn
revolving loan facility Fed's Stated And Real Objective's Don't Match Up 12-30-11 , Fed
lent banks $7.7 trillion in crisis (Bankrate.com)
, Unique
Historic Precedents Suggest Lower Stock Prices ETFguide Maierhofer , 30
Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes
As We Enter 2012 The Economic Collapse , The
End Of The Euro And The End Of The Investor The Automatic Earth , Central
Planning Update (In Theory And Practice) - You Are Here Durden on 12/29/2011 ‘...there is a growing realization that while
free markets are messy and somewhat unstable, central planning is not really a
cure for those symptoms. In fact, it has created more harm ($13 trillion
in debt is only US households) than good, more illusion than solid results. Volatility means that the free market is at
least attempting to impose itself at the expense of central planning’s soft
financial repression and control ES
Bounces Off 200DMA And Total Chaotic Disconnect Ensues Durden on 12/29/2011 As headline-makers
from every mainstream media outlet attempt to fit today's spectacle to their
cognitive biases, we note the massive
surge in volume at the close in ES $135
Billion Redeemed From US Equity Mutual Funds In 2011, 34 Of 35 Consecutive
Weekly Outflows Durden
, European
Credit Weakens As Stocks Rally Durden
, Oil
Inventories Jump And Kansas City Fed Manufacturing Drops To 28 Month Low Durden , European
Credit Crunch Hits Broad Economy As M3, Private Loans Collapse Durden , ECB
Balance Sheet Increases to Record $3.55 Trillion After Loans to Banks Dec
29th, 2011 (Bloomberg) , One
good reason why Gold may have bottomed out Dec 29th, 2011 (Commodity
Online) , 40
HARD QUESTIONS THAT THE AMERICAN PEOPLE SHOULD BE ASKING RIGHT NOW http://theeconomiccollapseblog.com/archives/40-hard-questions-that-the-american-people-should-be-asking-right-now , The
Obama Nation: Even More Debt And Even More Store Closings , Sopa
Would DESTROY Jobs and the Economy … So Why are Unions Supporting It?
Washington’s Blog , U.S.
jobless claims rise 15,000 to 381,000 MarketWatch , Beware
corporate psychopaths – they are still occupying positions of power The Independent , Brazil’s
success heralds the ‘new world order’ John Kampfner U.S.
jobless claims rise 15,000 to 381,000 MarketWatch , Merkel
Economic Advisor Does Not Exclude Eurozone Break Up Zero Hedge , Summarizing
2011 In Nine Easy Charts Durden
12/29/11 ‘.. If one had to summarize 2011 in one sentence, it probably
would be: "a year in which the market
ended unchanged, in which the world got within seconds of global coordinated
bankruptcy, and in which central planning finally took over everything. Financial
Troubles For Many Nations In The New Year Bob Chapman | 2012 is going to be
quite a year with falling economies in the UK, Europe, the US, China, Japan and
the remainder of Asia. , Themis
Trading Flops Its 2011 Market Structure "Predictions" Durden on 12/28/2011 Our friends at
Themis Trading, who continue the good, if seemingly futile fight, for a fair
and untiered market, refresh on their late 2010 market structure forecast, only
to find that with a 1 out of 10 "success" track record, they have the
same predictive hit rate as Byron Wien and Joe LaVorgna. Which, incidentally,
is not a good thing: it simply means the US stock market is now more broken and
corrupt than ever, a development that is not lost on US investors, who later
today we will find have redeemed a near record amount of cash from US equity
mutual funds in 2011, and have pulled cash for 34 out of 35 weeks in a row,
leaving mutual funds with virtually zero cash buffer, massive leverage and
dreading that day when the Santa rally coupled with low volume levitation is no
longer sufficient to mask the massive capital hole in the heart of the S&P
500. , 5
Reasons Why 2012 Will Not Be A Replica Of 2011... At Least Not For Europe Durden
(As per UBS, bad times are coming! )#1) The ECB #2)
Greece #3) Contagion #4)
CDS #5) Politics , Goldman
Lowers Sears Price Target From $43.00 To $30.00, Reiterates SELL Durden
, Art
Cashin Exposes The Behind The Scenes Panic In Europe Durden
, EUR
Plunges In Thin Market, Below 1.3000 Durden
, Update
On The "Non-Printing" ECB's Parabolically Rising Balance Sheet Durden
, Former
Fed VP Accuses Bernanke Of Bailing Out Europe Via Currency Swaps Durden
on 12/28/2011 Zero
Hedge . Then Ron
Paul joined in . Now it is the turn of a former Dallas
Fed Vice President, Gerald ODriscoll, to outright accuse the Fed of bailing out
Europe courtesy of "incomprehensible" currency swaps, and implicitly
accusing Bernanke of lying that he would not bail out Europe
even as he has done precisely that. , CNN/Time
Poll Finds Romney, Paul Iowa Photofinish, PPP Has Paul In Lead For Second Week
Durden
, The
Tide Is Turning Against SOPA … And We Might Actually Succeed In Stopping It
George Washington , Beijing's
Great Bailout to Defuse Ticking Local Debt Bombs : EconMatters
: 12/28/2011 Since Chinese local governments, unlike the U.S. municipality, do
not have the option of filing for bankruptcy, Beijing most likely would need to
do a great bailout of local authorities.., The
Little Known, Yet Significant "Domino Effect" Powers Of Small EU
Nations: Greece & Iceland Reggie Middleton , Wobama
Nation: Even More Debt And Even More Store Closings Economic Collapse Blog Wall
Street Mulls Suicide by Tactical Allocation The Daily Bell Obama
to ask for debt limit hike: Treasury official Reuters Whistleblower documents illuminate case against BNY Mellon 2012's Job Opportunities Won't Be Much Better ForbesMarket Recap: Stocks Drop on Worries Over Europe , The
Obama Nation: Even More Debt And Even More Store Closings http://theeconomiccollapseblog.com Biggest
2 Month Jump In Confidence Since May 09 As Housing Drops To March 03 Levels Durden on 12/27/2011 UPDATE near-record two-month jump in conference board
confidence S&P/Case-Shiller prints at a seasonally-adjusted 103 month low Richmond Fed also missing
expectations World's
Second And Third Largest Economies To Bypass Dollar, Engage In Direct Currency
Trade Durden
, America
Maxes Out Its Credit Card Again - Treasury To Raise Debt Limit By Another $1.2
Trillion On December 30 Durden
on 12/27/2011 , Why
ECB's LTRO Won't Stop Collateral Contagion Durden
on 12/27/2011 The details of the European liquidity crisis are generally
reported, but for some reason no media source wants to pull the pieces together
so everyone can see the magnitude and futility of the crisis. , Rosenberg,
Ryding, Zandi, Arbess, Zuckermann And Rickards All Chime In On The Future Of
The Eurozone Durden
on 12/27/2011 When six out of
five economists (thanks to the magic of Keynesianism... and self promotion from
general counsel to general expert) all agree on the same topic, and the very
definition of groupthink is that the Eurozone will survive, the glaringly
obvious call is precisely the opposite. If there was ever an argument to say
that 2012 is the year the Eurozone finally dies, the below video is it. , A
SWIFT Denial - How In Europe, Even Admission Of A "Plan B" Is
Equivalent To Failure , Presenting
Anonymous' "Survival Guide For Citizens In A Revolution" Durden , Equities Unch
As Financials Lag Durden
, 580
Morgan Stanley Soon To Be Former-Employees Learn They Are Redundant Courtesy Of
The Dept Of Labor Durden
, Thanksgiving
Day Massacre: Sears Slaughtered On Collapsing Margins, To Shutter Hundreds Of
Stores, Provides Revolver Update Durden
, The
Endgame: Japan Makes Another Move testosteronepit
In the wrong direction. And the finance minister's solutions: a consumption tax
and a miracle.... Study:
Fukushima Radiation Has Already Killed 14,000 Americans George Washington It is difficult to know what
the health affects to Americans and Canadians really are, given that
governments are trying to cover it up , Jim
Rogers 2012 Outlook: Pessimism With Scattered Crises Durden
on 12/26/2011 Typically limited
to 90 second soundbite-gathering exercises on mainstream financial media, Australia's
Finance News Network gives Jim Rogers the chance to discuss much more
broadly his outlook not just for 2012 but beyond. Surprised by the false
optimism he sees globally, he is not concerned that consensus is too bearish,
and worries that the political pressure and central banker un-independence potentially controversial view of the
Euro (and separately the Euro-zone) Hold
On Tight: European Bond Issuance In January Is About To Get Very Bumpy Durden , Guest
Post: The Nightmare After Christmas Durden
on 12/26/2011 Last week the Federal Reserve and the Bank of England
announced plans to tighten the control over the balance sheet management and
the risk-taking of private banks. This is just the beginning, believe me…’ China
Insolvency Wave Begins As Nation's Biggest Provincial Borrowers
"Defer" Loan Payments Durden
, STOCKS
GO NOWHERE ON NO VOLUME: Here's What You Need To Know Business Insider , Sears
to close more stores as holiday sales slump , HAPPY NEW
YEAR! IMF warns global economy threatened... Global
Depression – A Directed Phenomenon … The
Daily Bell , World’s
Second And Third Largest Economies To Bypass Dollar, Engage In Direct Currency
Trade Zero Hedge , 2-minute
video: O, Damn Ye Wall St. Gentlemen Washington’s Blog , No
Christmas For Millions Of American Families This Year The American
Dream , ALL TRUTH PASSES THROUGH THREE STAGES.
FIRST, IT IS RIDICULED. SECOND, IT IS VIOLENTLY OPPOSED. THIRD, IT IS ACCEPTED
AS BEING SELF-EVIDENT. --ARTHUR
SCHOPENHAUER , http://albertpeia.com/40piecesevidenceusdecline.htm
, http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
, http://albertpeia.com/50economicnumbersofuscollapse.htm , The
Smartest Guys in the Room Are Screaming "Get Out of the Markets!"
Todd Harrison , It's
Official: US Debt-To-GDP Passes 100% Durden
on 12/21/2011 , Mark
Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist
And Will Go To Zero" Durden
, Morgan
Stanley On Why 2012 Will Be The "Payback" For Three Years Of
"Miracles" And A US Earnings Recession Durden
on 12/23/2011 , Wall Street's Biggest Blunders in 2011 By Simon Maierhofer |
ETFguide , Tough
Year For Stocks, Gold And Treasury ETFs Did Better Forbes , 'OBVIOUSLY
UNSERVICEABLE DEBT TO WEIGH ON STOCKS IN 2012’ http://www.bullfax.com/?q=node-obviously-unserviceable-debt-weigh-stocks-2012 12/23/2011 By Chris Ciovacco , My
Christmas Cards Predict "Eternal Conflict" And "Economic
Disaster" Forbes Robert Lenzner , A
Very Scary Christmas And An Incredibly Frightening New Year http://theeconomiccollapseblog.com , Interbank Markets Are Telling
Investors To Sell The Rally … Again http://www.bullseyemicrocaps.com/?p=30070
12-23-11, In
2011, The S&P Moved 877 Times For Every Point Of Change Durden on 12/23/2011 (Churning and earning by
the frauds on wall street!) , Core
Durable, Capital Goods Orders Miss Despite Inventory Stuffing, To Push Q4 GDP
Lower; Savings Rate Declines Durden
on 12/23/2011 So much for ending the year on a positive economic tone: today's
November durable goods number , while better than expected on a headline
basis including volatile transportation data coming at 3.8% on expectations of
2.2%, was a big disappointment when looking at the core economic indicators
such as Durables ex-transportation and non-defense capital goods orders
ex-transportation, both of which missed IT IS YOUR RESPONSIBILITY TO THINK. Q3 GDP: PROGNOSIS
NEGATIVE http://community.tradeking.com/forum/categories/general/topics/8022-it-is-your-responsibility-to-think-q3-gdp-prognosis-negative/forum_posts by The Otter
Way on December 22, 2011 , IF A GLOBAL
RECESSION IS NOT LOOMING, THEN WHY ARE BAILOUTS FLYING AROUND AS IF THE END OF
THE WORLD IS COMING? http://www.theeconomiccollapseblog.com/archives/if-a-global-recession-is-not-looming-then-why-are-bailouts-flying-around-as-if-the-end-of-the-world-is-coming ‘I have learned that watching what people do
is much more important than listening to what they say. Back in 2008,
financial authorities in the United
States http://albertpeia.com - 12-22-11 - Well,
here’s the story of the fraud market in in a nutshell this day
‘YAHOO[BRIEFING.COM]: ‘…Shares of Micron
Technology Dave’s Daily:
http://www.etfdigest.com 12-22-11
‘Markets are being well managed by the bulls. Jobless Claims data was about the
same as previously, but frankly how much is from people finding some seasonal
work and those losing benefits? The GDP data at a measly 1.8% isn’t very
encouraging for this period in a recovery—it should be more like 4%. Just as
troublesome as the GDP data was that per-capita disposable income is now
reported to have been shrinking at an annualized -1.9% rate during the third
quarter. That’s a very bad sign. But for now we could just ignore all the poor
earnings we’re seeing recently and go with “the beard” over the next week.
After all global monetary authorities have indicated they’re ready to back up
all too big to fail financial institutions. The Bernank confirmed his Keynesian
bona fides by telling Americans to stop saving and start spending. http://i238.photobucket.com/albums/ff171/flyfry/new%20album/image004-78.jpg Our good friends at Consumer
Metrics have rendered their critical and thoughtful judgment on current
economic and consumer data.All the hoopla over a payroll tax cut extension
amounts to $80 total. And, as Obama himself has pointed out, not doing this
would negatively affect Friday pizza nights—it’s pretty hilarious...’ , Final
Q3 GDP Misses As Personal Consumption Drops Big Durden
on 12/22/2011 , PIMCO
Releases 2012 Economic Forecasts; Presenting The Wall Street 2011 Market
Forecast Track Record Durden
on 12/22/2011 See chart (Note the understated inflation numbers and what will
prove to be overstated GDP numbers which are far from ‘real’ owing to debased
Weimar fiat currencies being printed like mad – they’ve all gone ‘fraudulent
americana’ with budding banana republics everywhere): http://albertpeia.com/cyclicaloutlookdec2011.png , Death By a
Thousand Cuts ilene
12/22/2011 , The
Weather Outside: Still Frightful The
Wall Street Journal , U.S.
Economy Grew Less Than Previously Estimated in Third Quarter Wall St. Cheat Sheet , http://theeconomiccollapseblog.com If
A Global Recession Is Not Looming, Then Why Are Bailouts Flying Around As If
The End Of The World Is Coming? , Getting
Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline
, 50
Economic Numbers From 2011 That Are Almost Too Crazy To Believe , The
Collapse Of The Euro, The Death Of The Euro And The End Of The Euro , Child
Poverty In America Is Absolutely EXPLODING – 16 Shocking Statistics That Will
Break Your Heart , Mega
Fail: 17 Signs That The European Financial System Is Heading For An Implosion
Of Historic Proportions , The
Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For
The U.S. Economy , Shocking
Charts And Statistics That Prove That America Is No Longer A Wealthy Nation
, Greek
"Voluntary" Restructuring On Verge Of Collapse As Hedge Fund Vega
Threatens To Sue Greece For Excessive Haircut Durden , S&P
Joins Moody's In Downgrading Hungary To Junk, Outlook Negative - Full Note
Durden , Guest
Post: Legality Of MF Global Asset Transfer Questioned Durden , Guest Post: Worse
Than 2008 Durden , New
Bill Authorizes Rendition of American Citizens Living within the United States
to Other Countries for Torture
Durden , Has
the Global Economy Been Zapped by ZIRP? ( Minyanville Eugene Linden
Dec 21, 2011 , NAR reduces
recent home sales index 14.3% Dec 21st, 2011 (HousingWire) , Realtors
Lower 2007-2010 Home-Sales Estimates by 14% The Wall Street Journal , Getting
Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline
The Economic Collapse | December 21, 2011 http://albertpeia.com/40piecesevidenceusdecline.htm
, http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/50economicnumbersofuscollapse.htm
, 3
REASONS TO FADE TODAY'S RALLY http://www.bullfax.com/?q=node-3-reasons-fade-todays-rally
12/20/2011 By Plan B Economics America Oracle
Misses Earnings, Sales Estimates, Stock Tumbles The Wall Street Journal , Ten
Reasons To Fear And Loathe Markets In 2012 Forbes Robert Lenzner US from Europe is a reduction of 1%
growth in US We’ve
Reached the End Game For Central Bank Intervention http://gainspainscapital.com
December 19th, 2011 , Derivatives
group spent $674K lobbying in Q3 AP ,
PORTER STANSBERRY OF STANSBERRY RESEARCH THE CORRUPTION OF AMERICA http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://www.albertpeia.com/stansberrysinvestmentadvisory.flv , Banks
Will Still Be Under-Capitalized, UBS Does The LTRO Math Durden on 12/21/2011 , Bill
Gross: Enjoy The Santa Rally - The Hangover Is Coming As "US Is Not An
Island" Durden
on 12/20/2011 , The
Previously Unthinkable Becomes A Planned Event testosteronepit
12/20/2011 At all levels: preparations for the collapse of the Eurozone. Even
the public is now encouraged to prepare for it. , Dave’s Daily:
http://www.etfdigest.com ROBO SANTA
SQUEEZES SHORTS December 20, 2011 , Speculation
drives up food prices as bankers gamble on hunger Guardian Video
Explanation Of How The ESM Is Europe’s Uber-TARP On Steroids Zero Hedge , { Drudgereport: Investors Lose Faith in Stocks As
Billions Pour Out of Funds... DANGER: Fed
asks banks to keep more cash at hand... IMF: World
economy at a 'very dangerous juncture'... FED-EX guy
chucks package over fence -- a computer monitor! UK's AAA
credit rating threatened by 'formidable challenges'... , 'Miracle' if
France keeps it... , The
Denouement From Europe's Debts Won't End Well Forbes , STOCKS
BOOM AFTER EUROPE SOLVES NOTHING: Here's What You Need To Know Business Insider , Early
– ‘Response: The Summit Is A Failure ’ Durden 12/09/11 , Worries grow over IMF loans to Europe Dave’s Daily
http://www.etfdigest.com BIG BANKS
HIT December 19, 2011 ‘There are some
really odd things occurring – the eurozone naturally leads the list. Italy and
Spain will contribute funds they don’t have to the IMF, which then in turn will
lend it back to them. That’s something sillier than a Ponzi scheme…’Minyanville's
T3 Daily Recap: Banks Lead Market Decline as Europe Discusses Break-Up
Contingencies Minyanville , STOCKS
SLIDE AND BANKS GETS CRUSHED: Here's What You Need To Know Business Insider , Market
Recap: Basel and Draghi Drag Down Stocks Wall St. Cheat Sheet
, Bureau
Of Labor Statistics Caught Red Handed Leaking Confidential Employment Data Durden
on 12/19/2011 , Guest
Post: Why Oil Prices Are Killing the Economy Durden
on 12/19/2011 , Bank
of America Lists The "Other" Risks For 2012
Durden
on 12/19/2011 ‘..Bank of America has also put together yet another list
of "other" risks for 2012, which as BofA's Martin Mauro says,
"have persisted or become worse over the course of the year, but have
escaped market attention due to the spotlight on Europe." The risks .. i)
Hard landing in China; ii) Currency wars (competitive currency devaluation); iii)
Middle East oil supply shock and iv) Municipal default fears. The only thing we
would add is that these are not really risks, as they are all developing
processes in some stage of deterioration...’ ,
Gallup
Finds Unemployment Rises For Fourth Week In A Row, Cautions On BLS Data Durden
on 12/19/2011 employment
data . And it's not pretty: for all those hoping that the Labor
Participation Rate fudge that managed to stun the world a few weeks ago with a
major drop in the November jobless rate, don't hold your breath. Gallup which
constantly pools 30,000 people on a weekly basis, has found that for the past 4
weeks, both underemployment and unemployment have risen for 4 weeks in a row.
And while the number of US workers "working part time and wanting
full-time work" one of the traditional short cuts to boosting US jobs has
risen to almost a 2 year high, it is the Job Creation Index in December which
plunged in the last week, confirming that the Initial Claims data out of the
BLS has been spurious and is likely to revert back over 400k on short notice.
In summary, here is how Gallup debunks the BLS' propganda…A
Quick And Dirty Look At Japan's Nearly Ą1 Quadrillion In Debt Durden on 12/19/2011 , Santa
Claus Is Not Coming to Town, Says Technical Analyst (Bartels/Merrill Lynch) The Wall Street Journal Gongloff , ‘When "Positive Surprises" Are Surprisingly
Meaningless’ http://hussmanfunds.com/wmc/wmc111219.htm December 19,
2011 John P. Hussman,
Ph.D ‘... As
economist John Williams observes,
"starting in October, a divergence developed: Whereas year-to-year change
in BLS estimated payroll earnings continued at a more-or-less constant,
positive level, tax receipts fell quite markedly. Where the Treasury numbers
reflect full reporting, the BLS data are sampled, heavily modeled and usually
heavily revised. The implication is that the BLS has overstated average
earnings and payrolls meaningfully in recent months." … An important point here is that almost no current
investors have experienced this more typical 1970's-type market setback. When
one of these old fashioned but typical declines occurs, professional investors,
conditioned by our more recent ephemeral bear markets, will have a permanent
built-in expectation of an imminent recovery that will not come .
"For the record, Exhibit 1 shows what the S&P 500 might look like from
today if it followed the average flight path of the 10 burst bubbles described
above. Not very pretty." http://hussmanfunds.com/wmc/wmc111219c.jpg We can't disagree, though I also believe
there still remains some short-run ability of policymakers to distort market
forces, to badly misallocate capital in the process, and to wreck the economy
more thoroughly in the long-run… FACING A GLOBAL ECONOMIC DOWNTURN In the past
few months, our own measures of economic risk have remained persistently
unfavorable.. The OECD publishes its own set of leading economic indicators on
developed and developing countries. Notably, we've never observed deterioration
to the extent that we presently observe, except when the U.S. http://hussmanfunds.com/wmc/wmc111219d.gif
…’ , Psssst
France: Here Is Why You May Want To Cool It With The Britain Bashing - The UK's
950% Debt To GDP Durden
12/18/2011 imminent
S&P downgrade of its overblown AAA rating , the truth is that France is
actually 100% correct in telling the world to shift its attention from France
and to Britain. So why is this bad. Because as the chart below shows, if there
is anything the global financial system needs, is for the rating agencies, bond
vigilantes, and lastly, general public itself, to realize that the UK's
consolidated debt (non-financial, financial, government and household) to GDP
is... just under 1000% . the UK debt, when one adds to its more tenable
sovereign debt tranche all the other debt carried on UK books (and thus making
the transfer of private debt to the public balance sheet impossible), is nearly
ten times greater than the country's GDP…’ , Goldman's
Take On TARGET2 And How The Bundesbank Will Suffer Massive Losses If The
Eurozone Fails Durden
on 12/18/2011 Has
The Imploding European Shadow Banking System Forced The Bundesbank To Prepare
For Plan B? " we suggested that according to recent fund flow data,
"the Bundesbank wants slowly and
quietly out. The
MF Global Trade Is Not Coming To (European) Town - Why The ECB's 3 Year LTRO Is
The Latest Bailout Flop Durden
on 12/18/2011 attributed the move to
sentiment that was best captured by a note out of Morgan Stanley's govvie desk:
"The carry trade is happening,
there is no doubt about it Things
That Make You Go Hmmm - Such As Europe's "Comprehensive Solution" Durden on 12/18/11 Five months ago, Zero Hedge first
boiled down the math of the European bailout as follows: "The
Fatal Flaw In Europe's Second "Bazooka" Bailout: 82 Million Soon To
Be Very Angry Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of
German GDP." , Guest
Post: America’s Iraq Experience: Invasi-Eradicavi-Turbavi Durden
on 12/18/2011 Julius Caesar undoubtedly
was showing off with his Veni-Vidi-Vici (I came, I saw, I conquered) when
referencing to his short war outside Zela (Zile) in Turkey over two millennia
ago. Similarly, if we were to use a short catchy-comment for the almost
nine years America has invested in its “Iraq Mission,” we would be on target by
condensing the US experience in also three Latin words, although not as melodic
this time: Invasi-Eradicavi-Turbavi
which sadly stand for, I invaded, I destroyed and I threw-into-chaos. Iraq likely stands as the most costly mistake in
America , Newspaper
Chaired By Private Equity Head Shockingly Endorses Mitt Romney For President;
Ron Paul On Jay Leno Durden on 12/18/2011 threw
its support behind the Bain Capital founder, and the man now known to have
actively destroyed
any trace of his public "service" before his 2007 Massachusettes
office handover (with a pending response to a Reuters FOIA, which will disclose
just what it was that Romney was so tenuously shredding)… , Graham
Summers’ Weekly Market Forecast (Deflation’s Back Edition) http://gainspainscapital.com
December 19th, 2011 The markets have entered a new round of deflation. The only
asset class that has yet to realize this is stocks… , Bank of America 2012: The Worst is Yet to Come (TheStreet) , 7 Reasons The S&P Will Close 2011
Below 1100 http://www.bullfax.com/?q=node-7-reasons-sp-will-close-2011-below-1100 12/16/2011 , DEBT IS ENDEMIC IN OUR
SYSTEM... AND THE DELEVERAGING WILL BE BRUTAL FOR BUSINESSES AND INVESTORS
ALIKE http://www.zerohedge.com/contributed/debt-endemic-our-system-and-deleveraging-will-be-brutal-businesses-and-investors-alike PCR 12/16/2011 ‘.. Again,
what’s happening in the US (BUST)..’
, 50
Economic Numbers About The US That Are "Almost Too Crazy To Believe"
Durden
12/16/211 Moody's
Takes S&P's Place - Downgrades Belgium By Two Notches To Aa3 Durden
, Net
EUR Short Position Soars To All Time Record, Implies "Fair Value" Of
EURUSD Below 1.20, Or Epic Short Squeeze Durden , Guest
Post: Startling The Global Community, Canada Withdraws From The Kyoto
Convention Durden
, Fitch
Revises French Outlook To Negative Durden
, And
The Euro Downgrade Hits Just Keep On Coming, This Time Fitch PLACES BELGIUM, SPAIN, ITALY, IRELAND, SLOVENIA AND
CYPRUS ON RATING WATCH NEGATIVE Durden
, Fitch
places Belgium, Spain, Slovenia, Italy, Ireland and Cyprus on rating watch
negative. Dec 16th, 2011 (Fitch Ratings) , Swiss
Join Suffering as Europe Crisis Ripples Dec 16th, 2011 (Bloomberg) , SEC
charges ex-Fannie, Freddie CEOs with fraud , All
Over the World, People Are Yanking Money Out of Stock Funds The Wall Street Journal , Richard
(RJ) Eskow: Mr. President, Stop Protecting Bankers From These Law Enforcement
Officials (The Huffington Post) , Obama’s Depression Stephen Lendman Out
of Chaos, Order: Now IMF Seeks Collective, World Bail-Out of Europe (that
would be good money after bad and wouldn’t succeed anyway since as with
america, there isn’t enough real value to do so – not goin’ to happen) The
Daily Bell , Census
data: Half of U.S. poor or low income AP , 50
Economic Numbers From 2011 That Are Almost Too Crazy To Believe The Economic Collapse , Downward Spiral Dec 16th, 2011 by
News France Germany , Europe ’s
strongest economy and the one that everyone looks to for a solution, had to
contend with the embarrassing failure of a highly visible government debt
auction. …These are consequential developments whose impact will be felt for
years, and the latter is not limited to Europe .
Virtually every country in the world is exposed. [source ]
, Class
Warfare Blowback: Majority Of Americans Want Obama Out Durden
12/16/11 , Current
Events Summarized In Brilliant Art George Washington 12/16/2011 A picture is worth
a thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]
, Corporate warnings bode ill for earnings Dave’s Daily:
http://www.etfdigest.com STOCKS UNDER A CLOUD OF DOUBT December 15, 2011
‘Pundits keep talking things up but who’s left to listen? We rallied initially
on better economic data (below) but there’s a dark cloud over the market and
quadwitching is ahead Friday. Adding to the uncertainty was influential Goldman
Sachs strategist Jan Hatzius who commented: "A reduction in the lending of
foreign banks to U.S.
counterparties could have a meaningful impact on U.S. U.S. U.S. Geithner didn’t
mention this to us. Further, the OECD
warned that 2012 will see a potential funding crisis for developed
countries with (cough!) $10.5 trillion in borrowing needs.Economic news was
positive as Jobless Claims were lower at 366K; however, inside the numbers
things were somewhat worse. Extended benefits increased by 322K and Continuing
Claims rose to 3603K from 3583K which isn’t encouraging. One could subsume the
report overall wasn’t that great but, it’s about the headlines baby! Empire Mfg
Survey increased to 9.53 from .61 which is positive. But again, inside the
numbers Prices Paid 24.42 versus 18.29 compresses margins and is potentially
inflationary. Speaking of inflation, the PPI increased to .3% from -.3%
previous…’ , The
Fed's Intervention Didn't Solve Anything... It Just Pushed the Collapse Back a
Few Weeks by Phoenix Capital
Research on 12/15/2011 , Australian
Banks Given One Week To Prepare For European “Meltdown” Zero Hedge | This
time around, the warning is for real. , Must
Read: Presenting The MF Global Black Box: A Minute By Minute Breakdown Of The
Doomed Broker's Last Week On Earth Durden
on 12/15/2011 , Moody's
Turns To Canada: Ontario Outlook Revised To Negative, "Softening Economic
Outlook" Cited Durden
, Revised
EFSF Draft Shows Italy, Spain Responsible For One Third Of European Bailout
Funding Durden
, Fitch
Downgrades 8 Global Banks Including BNP, SocGen, BofA, Deutsche, And Morgan
Stanley Durden
, China
Export-Growth Officially Slowing: Trade Deficit Coming? Durden , China trims
holdings of US Treasury debt Dec 15th, 2011 (AP) , US
Industrial production -0.2% in Nov, below market expectations of +0.2%, vs
+0.7% in Oct; cap use 77.8%. Dec 15th, 2011 , France
Braces for Cut in AAA Debt Rating as Noyer Takes a Swipe at Britain Dec
15th, 2011 (Bloomberg) , US
initial jobless claims -19k to 366k for week ended 10-Dec, well below market
expectations, vs upward revised 385k in previous week. USA GOLD , Fitch
Downgrades a Bunch of Banks, Including Bank of America and Goldman The Wall Street Journal , Businesses
Preparing for Higher Costs in 2012
The Wall Street Journal ,
Financial
Crimes Up 47% Since '08 Crisis: FBI
Forbes Citi
Near Term Stock Forecast: 9300 In The DJIA; 985 In The S&P; Sees Chart
Analogs To Pre-World War Periods Durden
12/14/11 , Citi
Predicts Gold At $3400 In "The Next Two Years", Potential For Move As
High As $6000 Durden , Game
Theory Over: Bank Of France's Noyer Says Britain Should Be Downgraded, Not
France Durden
, U.K. Unemployment
Hits 17-Year High Dec 14th, 2011 (The Wall Street Journal) , For
Europe, Only Way Out Is to Break Up: Kyle Bass Dec 14th, 2011 (CNBC) , 9
Reasons Europe's Crisis is Worsening Ron DeLegge-Editor , One
in Three Money Managers Sees Somebody Leaving the Euro Zone Next Year The Wall Street Journal , Italy’s
Borrowing Costs Hit Euro-Era High Dec 14th, 2011 (The Wall Street Journal)
, Market
Recap: Stocks Decline as Euro Drops Below $1.30 Wall St. Cheat Sheet , Existing
Home Sales to Be Revised Lower CNNMoney.com
, Massive
Downward Revisions Imminent: National Association of Realtors Miscounted
Millions Of Home Sales Over Last Five Years Mac Slavo , Bailout
Payback? Realtors Double-Counted Home Sales For Last Five Years SadHillNews , Fitch
Downgrades Credit Agricole To A+, Outlook Stable Durden
on 12/14/2011 , STOCKS
SINK, OIL FALLS, GOLD GETS KILLED: Here's What You Need To Know Business Insider Sam Ro , Gold
Tanks, Headwinds Mount , Rewarding
Henry Paulson's Ethical Failures ETFguide
Ron DeLegge’ Bernanke
Is "Very Concerned" About Europe, Won't Bail Out European Banks Durden , SEC
Cops Want to Fight U.S. Judge Germany
Preparing Plans For Commerzbank Bail Out Durden
on 12/14/2011 Following today's end of day rumor being a dud (and
non-existent due to the habituation nature of the market), the closing news is
more unpleasant than Europe would have liked to set the overnight mood, and
comes to us via the FT (yes, that FT), which states that, as long speculated
both here and elsewhere, "the German government has begun preparations for
a possible state bail-out of Commerzbank." , "Guantánamo
Forever?" - Congress Passes $662 Billion Defense Bill, Aka The NDAA Durden 12/14/11 Congress just passed the National
Defense Authorization Act in a 283-to-136 vote. 190 Republicans and 93
Democrats voted for; 43 Republicans and 93 Democrats voted "against."
Prepare to be arrested, without charge, simply because someone "up
there" believes you engage in "terroristy" stuff. Good luck
proving them wrong.(How totally and historically pathetic pervasively corrupt,
defacto bankrupt america’s become in its intractable decline and fall of
historic proportion!) , Presenting
The Three Unscripted Sentences That May Have Cost Jon Corzine His Freedom Durden 12/13/2011 , CME
Executive Chairman Terry Duffy Throws Jon Corzine Under The Bus, Implies The
"Honorable" Governor Lied Under Oath Durden
, Europe
Using US as Model to Fix Debt Crisis: Bove Dec 13th, 2011 (CNBC) [Now you
know they’re done!] ,
Existing
Home Sales Debacle, As Larry 'Baghdad-Bob' Yun Confirms Overstatement Durden , The
Real Unemployment Rate Near 20% – Infowars Nightly News Infowars Nightly
News | Aaron Dykes breaks down the real unemployment figures that is killing
the country and economic growth that obama refuses to fix., All
That Glitters…Will Not Solve Europe’s Debt Woes Dec 13th, 2011 (The Wall
Street Journal) , As
Disenchantment With Idiocy Surges, Ron Paul Support Soars Durden , EU Banks
Selling ‘Crown Jewels’ for Cash Dec 13th, 2011 (Bloomberg) , JP
Morgan Stock Breaks Down On News Company's Role As MF Global Lender To Be
Probed Durden , MF's Corzine said to know of customer fund misuse Reuters , FOMC: Global Financial Markets Pose Downside Risk to U.S.
Economic Outlook , RALLY
COLLAPSES, GOLD AND BANKS GET HAMMERED: Here's What You Need To Know Business Insider , Greece
Apparently Even Worse Off Than Realized, Hitting Euro, Stocks The Wall Street Journal , “Big
Brother is Eyeing Us – For Good or Evil?” Durden , 17
Signs That The European Financial System Is Heading For An Implosion Of
Historic Proportions The Economic Collapse 12/13/11 , Corzine
testifies on fall of MF Global (Washington Post) Corzine:
It Was Those Darned Robots WSJ [
Singing ‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn
greedy robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about
criminally insane! ] … Wow! Just when you thought you heard it all. This truly
ranks with ‘my dog ate my homework’ and is surely destined to become a classic.
MF
Global CEO Jon Corzine: ‘I simply do not know where the money is’ Former U.S. Evolution
Securities Warns Of “Total Carnage And Meltdown” As European Bank Sales Of CDS
On European Sovereign Debt Soar Zero Hedge | As much as we hate to say it,
Europe is now without a shadow of a doubt the new AIG. , CFOs
Less Optimistic About 2012 Growth The Wall Street Journal "The
Inmates Don’t Know It’s An Asylum" , Coming
Collateral Crunch Charted , The
$30 Trillion "Problem" At The Heart Of Shadow Banking - A Teaser Durden
on 12/12/2011 , Algo
Liftathon Saves The Day But Financials Falter Durden
, The
European Death Spiral , French
Downgrade - Even More Likely Than Yesterday , Guest Post:
Headwinds For Housing , $32
Billion 3 Year Bond Prices At Second Lowest Yield Ever, Highest Bid To Cover On
Record , Richard
Koo On Why Europe's Austerity Will Cause Deflationary Spiral Durden , Cashin
On The Anniversary Of Bank Of The United States’ Failure, The Start Of US Bank
Runs And The Great Depression Dec 12th, 2011 (UBS-via ZeroHedge) , Fitch
Warning Shot Knocks Stocks Lower The
Wall Street Journal , STOCKS
TANK AND EUROPE IS STILL IN CRISIS: Here's What You Need To Know Business Insider , Minyanville's
T3 Daily Recap: S&P Slips 1.5% on Euro Jitters, Ratings Warnings Minyanville ,
So
Much For That Summit, Markets Have No Faith In Euro Deal Forbes , Market
Recap: Stocks Sharply Lower on Doubt Over Europe’s Crisis Plan Wall St. Cheat Sheet , Pain
May Not Be Over for U.S. Banks Reuters
,
Dave’s Daily:
http://www.etfdigest.com , Wall Street tumbles on Europe, Intel's outlook ETF
Insider: Stay On The Defense ETF
Database , http://www.safehaven.com/article/23606/the-road-not-taken 12/10/2011 By David Knox Barker , The
Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For
The U.S. Economy The
Economic Collapse The
Gold "Rehypothecation" Unwind Begins: HSBC Sues MF Global Over
Disputed Ownership Of Physical Gold Durden 12/09/11 , Forget
Europe… Germany’s Got Its Own Problems to Deal With http://gainspainscapital.com 12/09/11 , Bailout
Total: $29.616 Trillion Dollars Dec 9th, 2011 (TheBigPicture) — There is a
fascinating new study coming out of the Levy Economics Institute of Bard
College. Its titled “$29,000,000,000,000: A Detailed Look at the Fed’s Bail-out
by Funding Facility and Recipient” by James Felkerson. , The
Shriveling Middle Class In California
testosteronepit : 12/09/2011 California Evolution
Securities Warns Of "Total Carnage And Meltdown" As European Bank
Sales Of CDS On European Sovereign Debt Soar Durden
on 12/09/2011 , The
Worldwide Depression/Recession Of 2012
Econophile 12/08/11 Daily Capitalist , Are
Dim Sum Bonds The Next Chinese Reverse Merger Fraud?
Durden While Draghi somewhat shut the door on the ECB being the lender
of last resort today, there appears to be a sucker-of-last-resort where Dim Sum bonds have seen
issuance almost triple in the first 11 months of the year Risk
Assets Deteriorating Rapidly On Europe's SNAFU Durden
, And
Scene: Europe Agrees To Disagree, Next Summit Date Set For March 2012 As David
Cameron Kills Compromise Durden , STOCKS
GET SLAMMED AFTER BIG ECB DISAPPOINTMENT: Here's What You Need To Know Business Insider 12-08-11 , Last
Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale
S&P Downgrade Of Europe Will Be Devastating Durden A day when everything that could go wrong for
the euro and eurozone has just gotten worse. , Europe Must Swallow
‘Bitter Pill’ Dec 8th, 2011 (CNBC) The
Misery Continues: Complete November Hedge Fund Performance Durden , Fourth
Time Is The Charm: Texas Instruments Slashes Outlook... Again , Snapshot Of Pure
Market Lunacy , Guest
Post: Another Reason for Stocks To Tank In 2012: Jobs , Euro
Crisis Will Only Get Worse And Do Serious Damage To Investors Forbes Martin
, Hope
You Enjoyed That Run of Happy Economic Surprises, Because It's Probably Over:
Barclays The Wall Street
Journal , This
Week's EU and ECB Meetings Can't Fix Europe or US Stocks Minyanville Corzine:
It Was Those Darned Robots The Wall
Street Journal [ Singing ‘the body electric’! Riiiiight! The robots did
it! Those churn-and-earn greedy robots! Damnable robots! They’re the ones! Damn
robots! Wow! Talk about criminally insane! ], SPX Update: Market Still Looks To Be Forming a Top 4 Reasons to
be Bearish thetechnicaltake 12/07/11 .. resistance..
recession..intermarket headwinds..’ S&P
Warns It May Cut Most European Banks, European Union Itself Durden on 12/07/11 Not sure why the market is surprised
by this, but it is. , Jump
Risk Jumps After American Bankruptcy, Sends Junk Plunging As Major Debt Refi
Cliff Approaches Durden 12/07/11 , S&P
At It Again, Warns EU, Large Eurozone Banks of Downgrades Dec 7th, 2011
(Barron’s) , In
Past Week Americans Pull The Most Money From Stock Market Farce Since US
Downgrade, Despite Market Surge Durden 12/07/11 ,
Marc
Faber: "I Have A Very Special Stock Tip For You. The Symbol Is
G-O-L-D" Durden 12/07/11 …considering the
ridiculousness of the market over the past two weeks when it has gone up on
nothing but lies, Faber just may have a point. , ‘No
Way’ Europe Will Hold Itself Together: CIO CNBC | “Europe is in a terminal
phase of its life.” , Europe
Is Setting Itself Up For A Decade-Long Recession Global Economic
Intersection , Why
The UK Trail Of The MF Global Collapse May Have "Apocalyptic"
Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else Durden 12/07/11 In an oddly prescient turn of events,
yesterday we penned a post titled "Has
The Imploding European Shadow Banking System Forced The Bundesbank To Prepare
For Plan B ?" in which we explained how it was not only the repo
market, but the far broader and massively unregulated shadow banking system in
Europe that was becoming thoroughly unhinged, and was manifesting itself in a
complete "lock up in interbank
liquidity , Read
This and Tell Me Germany Wants a Monetary Union 12-7-11 http://gainspainscapital.com ‘I’ve stated before that I fully believe
Germany will be leaving the Euro. , "This
Time Will Not Be Different": Interactive Chart Of Market Reactions To All
Prior 2011 Eurozone Summits And Meetings Durden
on 12/07/11 , Pivot
Capital On China's Investment Boom (And Pending Bust)
Durden 12/07/11 , What’s wrong with this picture: Wall St rises on EU summit hopes Asia climbs ahead of European meetings [Riiiiight! Addicted
to hopium? Déjŕ vu all over again? This is beginning to be beyond ridiculous.
There is no viable solution beyond their disingenuously, meretriciously saying
so amidst the typical spin and b***s*** to froth the markets! ] , RALLY
FIZZLES OUT AFTER HOT RUMOR FROM EUROPE: Here's What You Need To Know Business Insider ‘ hell week was relatively quiet until another rumor sparked
markets during late trading. , S&P
Puts 15 Euro Nations on Downgrade Watch Wall St. Cheat Sheet ‘… Europe ”…’ , Is the Fed Leaking Again? http://gainspainscapital.com , S&P says
EFSF could be downgraded (Reuters) , Tremors
from a euro collapse would be global, with U.S. recession likely
(Washington Post) , Bloomberg
Fires Back At Bernanke's Blustering Rebutall Durden ‘
It appears 'It Is On' as Bloomberg offers its well-reasoned and eloquent
response to Mr. Bernanke's 'egregious errors' note to Congress.’ , Guest
Post: A Very Subtle Form Of Theft Durden .. Bernie
Madoff .. ran one of the largest private-sector Ponzi schemes in history and
always heeded the golden rule of financial scams: make sure your inflows are
greater than your outflows. He was finally done in when redemptions exceeded
new investments. He didn’t have enough cash to pay out investors, and he wasn’t
able to scam more people into paying in to the scheme. As a result, Madoff
finally had to admit that the whole thing was a total fraud. Governments around
the world are in similar situations right now with their own public sector
Ponzi schemes. Faced with failed auctions, declining demand, and rising yields,
politicians are having to resort to desperate measures. Like any good scam
artist, they’re appealing to the masses first; all over Europe ,
governments are sponsoring new marketing campaigns suggesting that it’s
people’s patriotic duty to buy government debt. , Has
The Imploding European Shadow Banking System Forced The Bundesbank To Prepare
For Plan B? Durden While much has been said
about the vagaries in the European repo market elsewhere, the truth is that the
intraday variations of assorted daily metrics thereof indicate three simple
things: a scarcity of quality assets that can be pledged at various monetary
institutions in exchange for cash or synthetic cash equivalents, a resulting
lock up in interbank liquidity, and above all, a gradual freeze of the shadow
banking system..we may be experiencing the attempt by the last safe European
central bank - Buba - to disintermediate itself from the slow motion trainwreck
that is the European shadow banking (first) and then traditional banking
collapse (second and last). Because as Lehman showed, it took the lock up of
money markets - that stalwart of shadow liabilities - to push the system over
the edge, and require a multi-trillion bailout from the true lender of last
resort. The same thing is happening now in Europe..’ , Layoffs Watch ’11: Citi , Social
Security 2011 – Another Bad Year Krasting , HUGE
RALLY CUT IN HALF AFTER EUROZONE RATINGS BOMBSHELL: Here's What You Need To
Know Business Insider Sam Ro’ hell
week begins with new EU treaty proposals and reports of an S&P ratings
action bombshell…U.S. economic data was largely overlooked during this
morning's rally. The ISM services number unexpectedly fell to 52.0 , missing the
expectation of an increase to 53.9. This also compares to last month's
number of 52.9. October factory orders fell 0.4% , which was slightly worse
than the 0.3% decline expected. September factory orders were revised
sharply lower…’ , Confirmed:
Not Just AAA Nations, but *All 17* Euro Nations to Be Put on Notice for
Downgrade The Wall Street
Journal , Standard
& Poor’s Puts Ratings On Eurozone Sovereigns On CreditWatch With Negative
Implications Dec 5th, 2011 (Standard & Poor’s) , Graham
Summers’ Weekly Market Forecast (Fade
the Fed? Edition) December 5th, 2011
‘Equities got giddy last week when the world’s central banks, lead by
the US Gallup
Finds Recent Job Boost Due To "Temp And Part-Time" Hiring;
Underemployment Greater Than Prior Year Durden
on 12/05/2011 While the BLS
unemployment number, fudged strategically to lower the denominator, or the
total labor force, may have come well better than expected (as somehow
miraculously ever more people find the shadow economy a more hospitable place
where to make their money and drop off the BLS roll forever) we once again go
to that trusty fallback, the monthly Gallup poll of underemployment. What we
find here is rather different from what the BLS, and the administration would
like us to believe, namely that "underemployment, a measure that combines
the percentage of workers who are unemployed with the percentage working part
time but wanting full-time work, is 18.1% in November, as measured by Gallup
without seasonal adjustment. That is up
from 17.8% a month ago and 17.2% a year ago. Solyndra
Schadenfreude As Goldman Sachs Played Key Role Durden
on 12/05/2011 Back
in September we highlighted Goldman Sachs' key role in the financing rounds
of the now bankrupt solar companyMarketWatch
(and DowJones VentureWire) delves deeper and highlights how the squid has largely stayed out of the headlines
Goldman's involvement in Solyndra, and its lofty
valuation projections, lent credibility to the company and helped rouse
investor interest and it was this private interest that was cited by DoE
officials as a considerable factor in its loan guarantee program. The
Black Friday Shopping Hangover Is Coming: David Rosenberg Explains Durden on 12/05/2011 , Here Comes
The S&P Downgrade Barrage - Full Statement, In Which S&P Says France
May Get Two Notch Downgrade Durden
on 12/05/2011 , Jeremy
Grantham Releases The Scariest Market Forecast Yet Durden
on 12/05/2011 , MUST
SEE – Bernanke’s Stealth Bailout For Wall Street Kept Secret From Congress Daily Bail How
The U.S. Will Become a 3rd World Country (Part 2) Hera Research United States SPX
Update: Topping Again? Minyanville Number of
Jobless Without Benefits Grows Dec 2nd, 2011 News ‘… Economy
Creates 120,000 Jobs, Rate Tumbles to 8.6% Dec 2nd, 2011 (CNBC)PG View How
The U.S. Will Become a 3rd World Country (Part 2) Durden
on 12/02/2011 ‘EUR
Shorts Surge, Back To 17 Month Highs As Bearish Sentiment Returns Durden 12/02/2011 , Bob
Janjuah Explains Why The Worst Is Still Ahead Of Us Durden
12/02/2011 , America
To Go The Way Of The Roman, British Empires Forbes
Robert Lenzner
,
A
Hedge Fund Insider Explains Why Retail Investors Should Flee The Stock Market Durden on 12/01/2011 , THE MARKET IS MISREADING ECONOMIC DATA -- IT'S TIME TO GET SHORT
http://www.bullfax.com/?q=node-market-misreading-economic-data-its-time-get-short The Independent Investor , Chinese
manufacturing activity slows Dec 1st, 2011
(Financial Times) , US initial
jobless claims +6k to 402k for the week ended 25-Nov, above mearket
expectations of 390k, vs upward revised 396k in previous week. Dec 1st,
2011 , Another Confirmation of the Solvency Crisis Masquerading as a
Liquidity Problem Atlantic Capital Management Dec 01, 2011 ‘The
Federal Reserve is once again reaching into its controversial
"unconventional" toolkit -- meaning stocks are, for now, celebrating
the near meltdown of modern global banking. , SPX Update: Ben Bernanke Lends Money, Saves the World? Jason Haver Dec 01, 2011 ‘At this point, despite the massive
three-day rally, there are still a few unanswered questions. I remain medium
and long term bearish, while the short-term picture has become a bit clouded.’
, What Does the
Fed Know That We Don’t? 12-01-11 The thought that should be on every
investor’s mind today is “Why did the Fed
have to stage the coordinated intervention yesterday?’ what exactly does the Fed know that we don’t? BofA,
Goldman Sachs, Citigroup Credit Ratings Cut by S&P Nov 30th, 2011
(Bloomberg) , Planned layoffs
surpass 2010 total CNNMoney The
Easy Fix? Can Europe Print Its Way Out of Trouble? ETFguide ‘the long-term outlook is as dark as night
inside the Grand Canyon…’ , Global
Coordinated Desperation and the December to Remember Breakdown Minyanville ‘ The
Fed is So Predictable Chris Celi 11/30/2011 The Fed is becoming a
gigantic waste basket of bad assets. Waste baskets do not have infinite
capacity. Central
Banks’ Latest Move Shows Desperation George Washington 11/30/2011 Hey, at least a
handful of Ben's buddies will make a bundle ...
Deflation
is coming South of Wall Street 11/30/2011 It isn't
avoidable , Don't
Be Foolish, Sell the Next Key Level In the S&P 500 Forbes/Troccoli ‘http://blogs-images.forbes.com/thechartlab/files/2011/11/spafter.png , Wall
Street Watch: S&P Cutting Spree, Germany Faces Recession Wall St. Cheat Sheet , http://www.istockanalyst.com/finance/story/5571238/an-unconvincing-rally By: Cam Hui
, BANK
DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And
Citigroup Just Got Cut By S&P Business Insider | Standard & Poor’s
ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan
Stanley and Citigroup from A to A-. , China
Manufacturing Contracts As New Export Orders See Biggest 2 Month Drop Since
Dec2008 Durden 11/30/2011 - UPDATE :
HSBC China Manufacturing PMI prints at
47.7, deteriorating at fastest rate (and lowest level) in 32 Months , Goldman
On Today's Coordinated Central Bank Bailout: "It Isn’t Enough To Save
Anyone Or Solve Averything" And "Why Now?" Durden
11/30/2011 , The
Punch Line: "Crash Test - Bracing For Breakup" Durden
11/30/2011 , For
The First Time In History, Fed Will Buy AND Sell Treasurys At The Same Time On
Friday Durden 11/30/2011 , Egan
Jones Downgrades France From AA- To A; Negative Watch, Sees Debt/GDP Rising
From 91% to 117% By 2013 Durden
11/30/2011 , Of
Imminent Defaults And Self Deception. Kyle Bass Prepares For The Worst
Durden 11/30/2011 In his latest
letter to LPs, Kyle Bass of Hayman
Capital Management Europe and Japan debt
saturation investors in today’s
sovereign debt markets can't seem to envision the consequences of a default Fed
Economists Predict A 15 Year Bear Market For Stocks News , http://www.economist.com/content/global_debt_clock
is ticking! , Senate
Passes Bill Allowing Indefinite Detention of Americans ... Considers Bill
Authorizing More Torture George Washington : 11/29/2011 - 20:53 USA, USA,
USA ... Number One in ... cough ... Fascism ... cough , SPX Update: Sell the Bounce Jason Haver Nov 29, 2011 ‘This bounce
might not last long, and new lows are expected to follow ., BANK
DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And
Citigroup Just Got Cut By S&P Business Insider | Standard & Poor’s
ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan
Stanley and Citigroup from A to A-. , Foreclosure
Fraud | Lender Processing Services Robo-signer Whisleblower Found Dead in
Nevada 4closureFraud
: 11/29/2011 , You
Cannot Build a Financial System on Rumors and Lies http://gainspainscapital.com November 30th, 2011 ‘This act is getting old.Almost every other
day we’re getting rumors about new bailouts and interventions in Europe. All of
these rumors turn out to be total lies as they are refuted usually within a day
and sometimes within a few hours.Case in point, stock futures erupted overnight
on Sunday on rumors that Italy IMF denies
in Italy aid talks…’ , Minyanville's
T3 Daily Recap: S&P Ekes Out Gain; Has the Oversold Bounce Run Its Course?
Minyanville S&P Hits Biggest US Banks With Credit Rating
Downgrades http://albertpeia.com/s&previsedratingscriteria.htm WSJ Gongloff November 29, 2011 ,
Presenting
Russell Napier's Greatest Hits Durden
11/20/2011
‘... Russell Napier: the renowned
financial historian and consultant for CLSA, as well as author of the
engrossing Anatomy
of the Bear , who only together with Albert Edwards, has predicted that the
S&P would
eventually drop to 400 …’ , Problem With Germany And China: Who Bails Out The Bailers?
[‘.. Another downgrade of U.S. U.S. ] Nouriel
Roubini: Government Gridlock ‘Ensures’ 2012 Recession Daily Ticker - Nov 23, 2011 , $707,568,901,000,000:
How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107
Trillion In 6 Months Durden 11/26/11 , Nothing's Changed: Italy and the December to Remember Breakdown Michael A. Gayed
Nov 28, 2011 , 2011
Looking a Lot Like 2008: Technical Analyst The Wall Street Journal Shipman , New
World Disorder - Watch the Stock Market Ilene 11/27/2011 If the mid-summer
sell signal of 2011 plays out similarly to the one in 2008, there may be a
long, dramatic decline straight ahead. , How the
European End Game Will Play Out November 29th, 2011 | http://gainspainscapital.com ‘With the European End Game now in sight, the
primary question that needs to be addressed is whether Europe will opt for a
period of massive deflation, massive inflation, or deflation followed by
inflation. , EURO FIX RUMORS November 28, 2011
Dave’s Daily:
http://www.etfdigest.com Markets rallied sharply on little hard news Monday
beyond rumors. , Britain's
Foreign Office Prepares For Riots In Europe; Sees Euro Collapse "When, Not
If" Durden , Stocks Finish Monday Near Highs But Rally Looks Limp Fitch Affirms US as AAA, But Cuts Outlook to Negative , The
desperation of Black Friday — Salon http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s
‘...That is not a portrait of healthy economic activity. That is desperation,
pure and simple. The story of the woman who sprayed her fellow Xbox shoppers
with pepper spray is bad enough, but nothing quite captures what’s wrong
with Black Friday better than this Lord of the Flies-style barbaric
waffle-maker anarchy…’ [Come On! Wake
Up! More stores open, earlier, larger loss leaders / markdowns, as desperate as
the desperate desperados who got their ‘shopping’ in early, at best. The spin
is toal b***s***! Even the great depression didn’t bespeak this great
desperation! The desperation of Black Friday — Salon http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s
‘...That is not a portrait of healthy economic activity. That is desperation,
pure and simple. The story of the woman who sprayed her fellow Xbox shoppers
with pepper spray is bad enough, but nothing quite captures what’s wrong
with Black Friday better than this Lord of the Flies-style barbaric
waffle-maker anarchy…’ Drudgereport: FITCH TURNS
NEGATIVE ON US Germany told
it must act to save Europe…[ Who’s goin’ to save Germany? ]... Impassioned
plea for continent to avoid 'apocalypse'... , Warned of
'highly devastating outcomes'... , Just days
until collapse? ] , Italian
Bond Yields Doubled in Latest Bond Auction Wall St. Cheat Sheet , Sliding Incomes Threaten Consumer Spending , Moody’s
Downgrades Hungary to Junk Wall St.
Cheat Sheet , Global
Stock Markets Remain in Structural Bear Markets Minyanville NextBigTrade.com Nov 25, 2011 , Euro
on ‘Death Watch’ After Investors Spurn German Bonds CNBC.com , Stocks
Extend Longest Drop Since 2008 on Debt Bloomberg , STOCKS
GO NOWHERE AND EUROPE GOES DEEPER INTO CHAOS: Here's What You Need To Know Business Insider Sam Ro , The Global
Economy is in Big Trouble The Economic Collapse | The global economy is
heading for a massive amount of trouble in the months ahead , European
Banks Frantically Trying To Dump $7 Trillion Of Crap Assets — But No One Will
Buy Them Business Insider , European
Bailout Time Of Death: EFSF Cut In Half Due To “Market Conditions” Zero
Hedge , Experts:
‘Euro to be Scrapped within Months’
Nov 25th, 2011 (IBTimes) , S&P
downgrades Belgium one notch to AA+ citing financial sector risks. Outlook
remains negative. Nov 25th, 2011 , Guest
Post: Just A Holiday Reminder - Black Friday Is Utterly Meaningless Durden , "Disastrous" bond sale shakes confidence in Germany
Reuters , Why Europe
Will Result in Systemic Risk November 23rd, 2011 ‘..These leverage levels
alone position Europe for a full-scale banking
collapse on par with Lehman Brothers. Again,
I’m talking about Europe’s ENTIRE banking system collapsing. STOCKS
GET SMOKED, EUROPE BURNS, AND BANKS ARE STRESSED: Here's What You Need To Know
http://www.businessinsider.com/closing-bell-23-2011-11 Sam Ro Business
Insider , Euro
Tumbles As JPM Predicts ECB Rate Cut To 0.50%, “Deep Euro Area Recession”
Zero Hedge , Euro
on ‘Death Watch’ After Investors Spurn German Bonds CNBC.com , Are Parallels to the Great Depression Catching Up for Good? [ Short answer: Yes! And, in a new, modern,
and in light of insurmountable debt levels and fraud at lightning computerized
speed, a far more deleterious way. ]’.. Free Exchange , DATA
SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY [
Duh! Ya think? ] Jeff
Harding Nov 23, 2011 ‘..I have what I believe is a healthy skepticism about the
reports from the multitude of federal agencies that I follow on a regular
basis. They are often revised and probably understate the negatives. That is
especially so with price inflation. Many of the reports are in nominal numbers
rather than adjusted for official price inflation..’ , Goodnight
Stocks: Waiting For The Crash To Arrive
http://www.bullfax.com/?q=node-goodnight-stocks-waiting-crash-arrive By Eric Parnell 11/22/2011 , Spanish
Bond Yields Surge to Record High Wall
St. Cheat Sheet , Germany
Walks… or the EU Sees a Domino Debt Collapse Followed by Systemic Failure http://gainspainscapital.com
November 22nd, 2011 , MF
Global trustee says $1.2 billion missing from company Reuters | The
shortfall of commodity customer funds at MF Global Holdings Ltd may be around
$1.2 billion. , Pimco’s
El-Erian Says U.S. Economic Setting ‘Terrifying’ Nov 22nd, 2011 (Bloomberg)
, Deep
economic pain ahead for the U.S. and the world: Simon Hunt Nov 22nd, 2011
(HousingWire) , ‘The
Sky Will Fall In’ for Europe; US Key to Growth: Bank Chairman [ Which
means: ‘They’re doomed; ‘cause pervasively corrupt, defacto bankrupt america is
an economic, financial, and political basket case, at best!’ ] Nov 22nd, 2011
(CNBC) , TIME
Asks Can the U.S. Federal Reserve Help Save Europe’s Banks? TIME | The U.S. , Jim Grant:
“Central Banks Are Insolvent” Daily
Bail As
the World Crumbles: the ECB spins, FED smirks, and US Banks Pillage Nomi
Prins , Stock
Market Still Broken, Technically The
Wall Street Journal Steven Russolillo and Tomi Kilgore ‘The technical indicators are not looking
good for the stock market these days , Greece
Just 20 Days Away from Default Wall
St. Cheat Sheet , Economy
Grew Less Than Previously Estimated in Third Quarter Wall St. Cheat Sheet [You may recall the ‘market pop’
on what I previously referred to as dubious then and now known to be false data
/ reports; which, in this ‘election cycle’, is the typical political
desperation underlying these complicitly fraudulent markets. And, be advised
that inflation is way beyond what’s reported, and contrary to spin, that’s a
very bad thing.] , Dave’s
Daily: http://www.etfdigest.com Will
The Deficit Super Committee Failure Lead to Another Meltdown? ETFguide Maierhofer 11-21-11’… , Japan's
Kokusai Liquidates Remainder Of Euro Sovereign Exposure, Just As European
Primary Issuance Supply Surges Durden
‘… the following update from
Morgan Stanley shows, things are getting from from bad to worse…’ , Moody's
Says No To Congressional Can-Kicking
The Wall Street Journal { Yet watch for Moody’s can-kicking, based on,
quid pro quo?, hope?, etc.. } , STOCKS
GET SLAMMED, EUROPE GETS WORSE, BANKS AND GOLD GET CRUSHED: Here's What You
Need To Know Business Insider
, Something
Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 We have been
getting MAJOR warning signs of a collapse for months now. No less than the Bank
of England, the IMF, and legendary asset management firm Franklin Templeton
have warned…’ , One
Interesting Thing About the Leading Indicators Report The Wall
Street Journal (Fri, Nov 18) { How about the most interesting thing about
‘leading economic indicators’ is the weighting accorded M2 and stock prices… , The
next financial crisis will be hellish, and it’s on its way
http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html Addison Wiggin | Forbes 11-16-11 House rejects
balanced budget amendment Nov 18th, 2011 (AP) , US
Deficit-Cutting Talks Appear to Be Near Collapse Nov 18th, 2011 (Reuters) ,
Drudgereport: NEW
DOWNGRADE THREAT Guest
Post: The Reasons For China's Imminent Bust Durden Friday
Night Irony: According To The Fed, Just Over One More Year Of ZIRP Will Lead To
38.36% Annual Inflation Durden , The
Final Straw? Jefferies And Six Other Banks Sued For "Fraudulent" MF
Global Bond Issuance Durden 11/19/2011 , Stocks
sink after Fitch warns on US bank exposure AP , Beware
the Earnings Cross, Stock Investors
The Wall Street Journal
Gongloff , Tighter
Credit Suggests Stocks Should Fall The Wall Street Journal , Watch
Nigel Farage Dance On The Euro's Grave Durden Another
Tough Month For Tilson As CNBC's Favorite Buffett-Worshipper Is Down Over 24%
YTD Durden Payback
Time - The Coming Decade Of Deleveraging Durden
on 11/17/2011 Dave’s Daily:
http://www.etfdigest.com ‘The further down the road we go without
confronting problems head-on, the more difficult things become… We go along
with band-aids, useless stimulus, money printing and hope. It’s BS and smoke
and mirrors policies... Their credibility is shot.It’s no wonder investors are
fleeing markets. Over $200 billion in equity mutual funds have left the markets
since 2010. As I update our Top Ten ETF lists by sector, I see assets under
management (AUM) declining 25-45% just in the last four months. The great
October stock rally was a “eurozone is fixed” mirage. Thursday markets received
mixed economic news in the U.S. The
next financial crisis will be hellish, and it’s on its way Forbes.com Citi
Economist Warns of Imminent Spanish, Italian Default The Wall
Street Journal (11-16-11) , Financials
Drag Market Lower, Fitch Raises Doubts About Euro Hedge Effectiveness The Wall Street Journal Gongloff (11-16-11) Stocks
Making Risky Bet on Massive ECB Money Printing The Wall Street Journal , Dave’s Daily:
http://www.etfdigest.com INVESTORS
ON THIN ICE , Euro-Dollar
Basis Swap Cost at 2008 Crisis Levels
The Wall Street Journal , U.S. Debt Tops
$15 Trillion Mark Today Nov 16th, 2011 (ABCNews) , Minyanville's
T3 Daily Recap: Wedge Pattern Looks Set to Resolve to Downside Minyanville , European
Financial Gravity: The Era of "Extend and Pretend" Is Over Europe: Close To A
Death Spiral? Nov 16th, 2011 By Bruce Krasting (EconMatters) , Citi
Chief Economist Willem Buiter: A Spanish Or Italian Default Could Happen In A
Few Short Days Durden, Financial
Stocks Catching Up To Their Recent Credit Weakness
.. it seems reality is starting to
sink in.. Durden , Which
Way Wednesday – Popping or Topping (again)?
ilene
11/16/2011 This is a fantastic opportunity to observe the workings of an actual
criminal conspiracy to defraud the American people in action. , JPMorgan
To Issue CMBS Backed By... Defaulted Loans Durden 11/15/2011 , Presenting
Europe's Remaining 2011 Bond And Bill Auctions... All 104 Of Them Durden , Congress
Shocked To Find That Being CEO Of A Bankrupt Company Is The New Killing It Durden Two weeks ago we reported with
sheer disgust that the outgoing CEO of bankrupt Freddie Mac, Ed Haldeman,
was to pocket over $4 million for his brief two year stay..for lots of hard
work collecting bail out cash from the Treasury. $21 billion to be precise , Dark
Pool Flush: Game Over Pipeline; Next Up Goldman's Sigma X? Durden on 11/15/2011 For years Zero Hedge has been exposing the persistent
fraud that goes on behind the trading scenes, not only in High Frequency Trading ,
but also in various dark trading venues, known better as dark pools where
exchanges, typically the banks themselves get to match buyers and sellers
without any indication of a trade having occurred, until much later if at all…
What will shock the trading community, however, even more is if the SEC decides
to go after not some tiny unknown firm, but the real dark pool transgressors,
the biggest one of which is and has always been Goldman's Sigma
X . Of course for that to happen, Mary Schapiro would actually have to do
her job. And that, unfortunately, ain't happening. , Falling
house prices trap first homeowners Guardian Contagion
spreads, triple-As under pressure Nov 15th, 2011 (Reuters) , What
Other MF Globals Are Lurking In the System? , Last
Market Rally Before the Bears Take Over Minyanville Longer term, my
best view right now is that this is a countertrend bounce off the 1,074 lows
that will give way to another big down leg. …‘ , Even
the Fed Can’t Value Financials’ Risk Phoenix Capital 11/14/2011 The NY Fed is the single most powerful entity
in charge of the Fed’s daily operations. How can any investor believe
that the Fed can manage the system and restore trust when the NY Fed cannot accurately audit a financial firm’s risks
during a six month review ,
then there is NO WAY an ordinary investor can do so. , Europe in worst hour since WW2: Merkel [Duh! Ya think?]Congress
Trading Stocks on Inside Information!? Wall
St. Cheat Sheet Bob
Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex
talks with regular Friday guest Bob Chapman of the International Forecaster. , SPX Update: Crash Wave Ready; Confirmation Still Pending Jason Haver
11-11-11 , Do Valuation Metrics Still Apply or Has The Market Become
Untradable? Simon Maierhofer Etf Guide [ Short answers: No and yes the
market has become ‘untradable’ for investors. I would add that the ‘debased
dollar policies’ (ie., QE’s, overprinting of paper currencies / dollars, etc.)
enable sales / revenues to be booked with ‘more’ of the inflated dollars
relative to costs booked at the ‘fewer / greater value’ dollars which spikes
earnings but leads to the inevitable margin erosion when the reported costs
‘catch up’ in terms of inflated ‘Weimar’ dollars. Hence, even the averages when
deflated for real inflation (see Faisal infra) show a far less sanguine picture
(than say, hard assets, ie., gold, etc.). Even more important is the effect of
the HFT programmed trades , http://albertpeia.com/wallstreetcrapshoot.jpg , Bernanke
Knows He’s Powerless This Time Around by Phoenix Capital Research The
Aftermath of the Risk-Free Sovereign Debt Illusion Minyanville (Fri, Nov 11 ] Divergences Point To Stock Market Crash http://www.bullfax.com/?q=node-divergences-point-risk-stock-market-crash
11/10/2011 James A. Kostohryz , EU Warns Of
‘Deep, Prolonged Recession’ Dow Jones Newswires | The European Union
Thursday slashed its growth forecast for the 27-nation bloc in the coming year.
, Dave’sDaily:
http://www.etfdigest.com [WELL FOUNDED] FEAR REMAINS.. November 10, 2011
‘Rapidly changing news cycle, combined with HFT algos …As has been routine,
previous data was revised higher from 397K to 400K, and given this pattern, you
should expect current data revised higher next week…’ What First Time Unemployment Claims Data Is Saying About the
Economy Lee Adler Nov 10, 2011 ‘…Purely by accident,
the real number this week wasn't too far off at 398,753, but that was an
increase from last week's 369,647, not a decline as shown in the cartoon
numbers. Furthermore, it was about 70,000 more than at the seasonal low reached
the last week of September. While this year's seasonal low was lower than last
year, and this year's increase since then was less than last year's, how that
led to the proclamation that this week's number was the lowest in seven months
is beyond my comprehension. It's just a meaningless, and false, number spit out
by a statistical rhythm…’ Famed economist predicts economic calamity in
2012. See the evidence.
http://w3.newsmax.com/a/aftershockb/video.cfm , These 4 things happen right before a heart
attack. newsmax
http://www.newsmax.com/Newsfront/silent-heart-attack-symptoms/2011/09/23/id/412086 , 50%
unemployment & 90% Dow crash also predicted. Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm ,
http://www.economist.com/content/global_debt_clock
is ticking! Analyst
Sees 3% More Downside On Dow As Cyclicals Lose Momentum Barrons.com (Wed, Nov 9) [ Is that all? Sounds
like a fraudulent wall street wet dream! Far more reliable analysts predict
much lower, infra. ] , There
Is No Solution for Europe”: Stocks Tumble as Italian Yields Surge The Daily Ticker (Wed, Nov 9) , PERVASIVELY
CORRUPT, DEFACTO BANKRUPT AMERICA #9. (see
infra) World’s Largest
Drug Dealer: The American empire is
the largest drug dealer in the world! Say it isn’t so. Well, in addition
to forcing legal drugs and genetically modified organisms America shipping
in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding
with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now
openly protects and
transports opium from Afghanistan
[ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In
fact, Global Research points out U.N. announced 93% of the world’s opium [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons.
Although the empire tries to keep it secret, they can’t hide the
hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm ] , Dave’s Daily
http://www.etfdigest.com ‘Perhaps
this is now the “no news is good news” market since a rally on Berlusconi’s
resignation is beyond irrational. But, we’re long so I shouldn’t complain too
much even though emotionally there isn’t much to like overall. The only bullish
thing is the action of the tape and this is the season when bulls can make
their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself
in the video interview below. The presentation contains two parts: the first
outlines HFT basics—how they work and their controversial impact on financial
markets. The second part we discuss how traders can benefit or make money by
using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY
[ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks.
Not because he’s a trader, but because he’s selling this ‘very functional in
terms of what’s going on’ package. The truth is that even today, at lightning
speeds, there are very few successful traders (as distinguished from investors,
and there is a huge distinction, though much less so today)(over the longer
term and is akin to the apposite old adage, ‘you can win a race but you can’t
win at the races’). Indeed, some companies / brokerages employ them just for
the volume / commissions they produce. Most telling, in this video, is the
beginning wherein it’s explained that in literally a second(s), mere quotes can
give rise to revenue (as with commissions, pieces of the action) which has to
come from someplace. The problem is that ultimately, this ‘churn-and-action’ computer
programmed action at ‘lightning speed’ is parasitic inasmuch as it is without
any economic utility whatsoever in real economic terms as are commissions in
‘after-market stock trading’ (as distinguished from initial ipo’s) that are
tantamount to a tax on the real economy; hence, the benefit to the frauds on
wall street at the expense of and to the detriment of main street, taxpayers,
and the populace in general, as we’ve seen and continue to see. ‘Remember, there is no modern day alchemy that
spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. They’re just not that important and represent, like termites eating
away at the nation’s foundation, a drag on the economy, the nation as one would
expect from parasites such as they are’ . What
to Expect Next From the Markets
Minyanville Jeffrey Cooper ‘Conclusion:
It looks like a program was run using the least amount of dollars to goose the
indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and
Caterpillar { Dave’s
Daily:’.. The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job..’} Then there’s the fed complicity in these
various wall street scams by way of QE’s / dollar debasement which of course
benefits the frauds on wall street to the detriment of literally everyone else.
] So, as indicated stock prices shot
higher on the Berlusconi news. Gold prices saw some profit-taking, the dollar
was weaker, commodities stronger and bonds weaker.Volume was on the light side
and breadth per the WSJ was quite positive…’
, Dave’s
Daily http://www.etfdigest.com
‘Perhaps this is now the “no news is good news” market since a rally on
Berlusconi’s resignation is beyond irrational. , U.S. Auto Sales And Consumer Credit Hard To
Reconcile http://www.bullfax.com/?q=node-us-auto-sales-and-consumer-credit-hard-reconcile ‘The last number in the Fed consumer credit
report for new car loans is for the first quarter of 2011, and it showed a
decline of 2.73% from the fourth quarter of 2010. Yet new auto sales for the same
period increased 3.97%. Fascinating.’ , Barclays
Says Italy Is Finished: "Mathematically Beyond Point Of No Return" Durden on 11/08/2011 - 20:13 , Bond
dumping and Berlusconi Pivotfarm
: 11/08/2011 - 08:18 BNP Paribas SA and Commerzbank AG (CBK) are
unloading sovereign bonds at a loss, leading European lenders in a
government-debt flight that threatens to exacerbate the region’s crisis.
BNP...’ , Trouble
Ahead: Employment, Inflation, and the Fed Minyanville Embarrassing
Blunders Wall Street Loves to Hide ETFguide SPDR
Dow Jones Industrial Average ETF Experiences Big Outflow Forbes , ETF
Fund Flows: SPY Bleeds $1.14 Billion IndexUniverse.com
, Got
PrimeX Short?: Half The Country's Mortgages Are Underwater Durden , As
Geithner Says Supercommittee "Holds Key To Rebuiling Confidence"
Supercommittee Says "Trillions Of Dollars Apart" Durden
, Wikileaks
Exposes German Preparations For “A Eurozone Chapter 11″ Zero Hedge |
A worst case scenario, says Mayer, could be that Germany pulls out of the
Eurozone altogether in 20 years time. , Italy
borrowing rates hit record Are
RBS And NatWest The First Victims Of “Bank Transfer Day” Zero Hedge Euro-Kaput:
‘Euro could be dead by end-November’ Russia
Today Dave’s Daily:
http://www.etfdigest.com 11-7-11
, Italy: Too
Big to Fail, Too Big to Save? Nov 7th, 2011 (CNBC) , Italian
Debt Crisis Has Global Markets on Edge. Here’s Why It Matters to You JK
Comment: The Daily Ticker guys offer some interesting insight on the evolving
situation in Europe, and how “contagion” may not be limited to the shore’s of
Europe.’ , Presenting
The Latest Eurodebt Exposure Masking Scam Courtesy Of Morgan Stanley: Level 1
To Level 2 Transfers Durden ,
Here
Is Today's 3pm Rumor... Durden ‘ In true
save-the-market style, as 3pm ET comes around we have another rumor from
Europe. This time it purports to be the creation of an investment fund, as a
subsidiary of the EFSF, which will 'attract' external capital sources, via
tranching of returns, to enable the purchase of sovereign debt in primary and
secondary markets. Headlines, via Bloomberg, for now suggest this is yet
another strawman…’ , No smoking gun: IAEA Iranian nuclear report falls flat on
its face Patrick Henningsen , 10 Reasons America Will Be Judged as the Most Brutal
Empire in History http://www.prisonplanet.com/10-reasons-america-will-be-judged-as-the-most-brutal-empire-in-history.html
Activist Post | Good and evil doesn’t have a grey zone.. America Rome , Greek Debt Crisis: Mark II of the Plan for a Greatest
Depression Kurt Nimmo Hit
With Big Withdrawals, Fed Sells Assets, Borrows Cash ilene 11/06/2011 , Fed
Underestimated Economy's Weakness: Kohn
TheStreet [ Another ‘duh!’ moment from the fraudulent fed! ] , Tempted by Europe? Don’t
Be - http://www.theglobeandmail.com/globe-investor/markets/markets-blog/tempted-by-europe-dont-be/article2228163 ‘ , Europe. Is.
Finished. Phoenix Capital... 11/05/2011 ‘Europe
is finished. The region’s entire banking system is insolvent (with few
exceptions).’ Earnings
Warning Ratio Highest In a Decade The Wall Street Journal ‘…In other words, even as the market
has rallied, the outlook for earnings has gotten worse.’ , Minyanville's
T3 Weekly Recap: Market Breaks Streak of Weekly Gains, Focus Shifts to Italy
Minyanville , The Chart That's Forecasted Every Major Move Correctly Since
March 2011 Simon
Maierhofer 11-4-11 ‘… major indices may just be
chopping around for another week or two before heading south for the winter…’ ,
SPX and NDX Update: Top May Be In as Retracement Rally Hits
Targets Jason Haver , Handicapping
a Global Market Meltdown Minyanville Extreme Poverty Is Now At Record Levels – 19 Statistics
About The Poor That Will Absolutely Astound You Insider selling surges
— CBS MoneyWatch , Greenspan
Suggested Cutting Taxes on the Wealthy to Increase Debt so the Fed Wouldn't
"Lose Control of Monetary Policy" George Washington , First
Time Unemployment Claims Increase But Less Than Usual : ilene
: 11/03/2011 - There's just one minor problem.
http://www.zerohedge.com/contributed/first-time-unemployment-claims-increase-less-usual Courtesy of Lee Adler of the Wall
Street Examiner US Unique
Historic Precedents Suggest Lower Prices
http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1 ETFguide Simon Maierhofer, November 3, 2011 , Felix Salmon http://blogs.reuters.com/felix-salmon/2011/11/03/europes-doomed-fate ‘This
is beginning to feel like 2008..’, Because
Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency Durden Four months ago we predicted that in response to
the latest round of global economic deterioration, every central bank would
very soon join the toner party., Today's
Joke Du Jour Comes From Italy's Biggest Bank, UniCredit , SEC
Opens Investigation Into MF Global Insider Trading, Ignores Glaring Evidence Of
Client Capital Commingling , Hugh
Hendry Channels Irony And Paradox In His Latest Financial Outlook ‘..So what’s next? A crash, of
course..’, As
Repeatedly Warned, Quarter End Window Dressing Key Factor In MF Global's Demise Durden11/04/2011 Citi:
"The Bear Market Rally Is Behind Us; We Anticipate A Move To
1,000-1,015" by Durden
11/02/11 , Fed lowers GDP forecast, raises unemployment projections, mulls
more inflation producing, failed, futile, wall street fraud-friendly action to
the detriment of all others which rallies those ever more worthless as with
dollars ‘pieces of paper’ (actually not even, just ‘over-counted/supplied
computerized ‘ledger’ entries) for the ubiquitous as in the last financial
fraud debacle) for the continuing High-Frequency-Trade churn-and-earn
(Reuters)Market
Recap: Banks Rally Back, Fed Outlook Worsens [jersey based, former
lautenberg adp data’s as worthless as that from the scandal-scarred commerce
dept. et als, ie., factory numbers; then, the labor dept.’s fake report,
estimates, numbers, including the b.s. service sector, etc..) Wall St. Cheat Sheet , Fed foresees far weaker growth than it had earlier , MF
Global Client Theft Estimate Doubled To $1.5 Billion?
Durden, Game
Over Berlusconi? Italian Anti-Crisis Bill Fails
Durden, Egan
Jones Downgrades Jefferies On Concerns About Sovereign Exposure Amounting To
77% Of Equity Durden , Guest
Post: MF Global Shines A Light On Monetarism's Incapacity To Enhance The Real
Economy , Will
Spiking Vol Drag Global Growth Down? [Short answer: YES! The HFT churn and
earn is parasitic, benefits the frauds on wall street only, and ultimately must
‘come from some real place’ (ie., main street, taxpayers, etc.)] The
Greco-Franco Bank Run Has Skipped the Pond, Landed in NY/Chicago and Nobody
Noticed, Exactly As I Predicted! Reggie Middleton 11/01/2011 ‘We just
experienced a bank run in the US How
US Banks Are Lying About Their European Exposure; Or How Bilateral Netting Ends
With A Bang, Not A Whimper Durden , Keeping
Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of
Client Money Durden , US
construction spending +0.2% in Sep, below market expectations of +0.3%, vs 1.6%
Aug. Nov 1st, 2011 , US
ISM fell to 50.8 in Oct, below market expectations of 52.0, vs 51.6 in Sep.
Nov 1st, 2011 Guest
Post: Fed Trapped By Inflation Durden ,
Keeping
Up With The Korzines In The Kooler: FBI To Investigate MF Global's Theft Of
Client Money Durden , US
Food Stamp Usage Hits New Record Durden ,
The
Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
The Economic Collapse , The
REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have
$200 TRILLION in interest rate based derivatives sitting on their balance
sheets. And guess which banks have the greatest exposure…’ ; and, finally
the coup de gras America’s
debt woe is worse than Greece’s News $211 trillion Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR Mf global, plus mob infested jersey former governor,
plus fraudulent wall street, plus mob strong new york, plus rich mob history
Chicago, equals fraudulent scheme / theft / scam in the making and then
reality! Someone
Is Going To Jail For This: MF Global Caught Stealing Hundreds Of Millions From
Customers? Durden
10/31/2011 , Graham
Summers’ Weekly Market Forecast (Wake Up Call Edition) Phoenix Capital... 10/31/2011 The markets flew
into this deal based on rumors and short-covering and are now waking up to the
plain obvious facts that you cannot solve a debt problem with more debt. , Panic
Behind The MF Scenes As Company Refuses To Disclose Information To Regulators
Even In Death Durden
10/31/2011 , Are
Investors Buying on False Hope?
Minyanville , Markets
Remain in Cyclical Bear Market Kevin
Tuttle [ Actually this is a secular bear
market with much worse to come! ] , U.S.
and Europe … “Self-Induced Stagnation,” says Economist Editor The Daily Ticker , Why Last Week's
Euro Fix Won't Do the Trick ETFguide Corzine's MF Global collapses under euro zone bets , Are
Ratings Agencies Taking Bribes? Wall
St. Cheat Sheet [ One way or another, from all 3 branches of u.s. government to
u.s. businesses coast to coast, wall street to main street, they’re all getting
/ taking bribes! ] , SPX and NDX Update: A Disturbing Look at Fundamentals, and the
Rally Explained Jason
Haver Oct 31, 2011 , China Says Not So Fast On Rescue
http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001 , MF Global Caught in Death Spiral , Sell
H-P! Against the Grain 10/31/11
, Europe Will
Make Lehman Look Like a Joke http://gainspainscapital.com/?p=1010 Summers 10-28-11, Be
Honest – The European Debt Deal Was Really A Greek Debt Default : ilene
: 10/28/2011 - 2012 looks like it is going to be an extremely painful year. [
Yes! Very painful! I believe Dave was the first ‘to get this’ in passing
yesterday; and, thinking on it more, I believe this charade cheered
particularly by the frauds on wall street (and surprisingly germany) was for
the purpose of ‘voluntary’ to avoid the Credit Default Swap trigger. Yet, the
real bad news is that, even worse than as with the last financial debacle,
owing to the greed-driven, commission/fee generating churn and earn of
innumerable, bogus, worthless, levered, negatively valued on event financial
instruments at computerized lightning speed, the commission-generating paper is
beyond the frauds’ abilities to account for; and not just the CDS’s ( ETFs
have potential to become the next toxic scandal Sep 19th, 2011 News Europe
today do not match the index they are designed to track by holding all of its
constituent shares.. Derivative trades add a second layer of uncertainty .. the
counterparty risk that the organisation on the other side of the contract might
go bust. Even worse, the provider of
the ETF might sometimes be a part of the same organisation as the derivatives
desk carrying out the swap it
is possible for the number of shares sold short in an ETF to massively exceed
the actual number of shares available ) Not only is it that The
Greek Deal Accomplishes Nothing… Systemic Risk is Coming http://gainspainscapital.com
October 27th, 2011 (Yes! It’s happened again. No … not just the (Weimar)
funny money and rally as in the great depression followed by the inevitable
bust /crash Parallels
to The Great Depression Suggest Higher Prices Followed by a Bust ETFguide October 25, 2011 ), but
, Dave’s Daily http://www.etfdigest.com/davesdaily ‘The only thing wrong with the image above is
that it’s from March 2010, or on one of many previous plans agreed upon. But,
markets don’t care about this and just thirst for any deal even if memories
remain short.. HFT algos are programmed to pounce on these presumed fixes and
have been active in driving stock prices higher this past week. Let’s face it;
this is the time of year bulls can make their year with good fees and bonuses
on the line…’ , Dave’s Daily: http://www.etfdigest.com ‘The above image displays quotes per second http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg . The two graphs display action towards the
close of trading Friday. The upper graph shows action of “algos” per second
while the bottom the number of HFT quotes per second over a three minute time
period with colors for each exchange. The lower graph displayed nearly 300
quotes per second—got that? Perhaps only a small fraction of these are real
trades with the others being just bids and offers designed to stimulate program
trading algorithms. This is posted because nearly 70% of all volume and trades
on the NYSE for example are program trades with HFTs now dominant. ‘ Then there’s the reality /
folly that the mental case with the funny / odd little mustache has been
displaced by another ubiquitous fraud of collectively the ‘multiple mental
cases modern day equivalent variety’; viz., the bourse, bourses, ‘boursers’,
stock exchanges, ‘market fraudsters’(wall street particularly), and their
lightning fast, high frequency trading computers(‘ programs). After all, the
already undercapitalized banks are now 50% more undercapitalized (those Yule
Brynner hair cuts are a b**ch); there’s good money after bad; and square pegs
are, for the nonce, ‘fitting’ into round holes. Nothing’s been solved and
there’s much worse to come! Take this as the ‘gift’ (to stock markets
everywhere, ultimately paid for by main streets and taxpayers everywhere) [Market
Now Overbought: Birinyi The Wall
Street Journal Is It Foolish to
Get Excited About the Latest Deal to Save Europe? ETFguide http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1 Simon Maierhofer, 10-27-11
[Short answer: YES! ] . The looney loonie now exceeds the value of the ‘funny-money’,
debased dollar (who coulda / woulda have ever thunk it). Inflation,
Jobs, and the Artificial Flow of Monetary Policy at Minyanville US
durable goods orders -0.8% in Sep, near expectations, vs -0.1% Aug. Oct
26th, 2011 by News , Paper
currency has too much bull, not enough bullion Oct 26th, 2011 by News we are living through the most serious
financial crisis since the Great Depression – “if not,” he said ominously,
“ever.” Sir Mervyn’s warning was
only marginally more sobering than the collective warnings of Prime Minister
Stephen Harper, Finance Minister Jim Flaherty and Bank of Canada Governor Mark
Carney.This is not to mock. These men know enough not to scare people out of
their wits unless it necessary to do so. So the question is, what do these
people know that the rest of us don’t?More related to this story:To put Sir
Mervyn’s warning into its historical perspective, it must be noted that “ever”
goes back a long way. The biblical record cites one calamitous meltdown 4,000
years ago, “when money failed in the land
of Egypt Isn’t it
the failure of money that now threatens the world ? [source ]
Euro
Zone to Quadruple Bailout Fund: Sources Oct 26th, 2011 by News source ]PG View STOCKS
TANK BEFORE EU MEETING THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To
Know Business Insider [ No …this is
not quite correct … the point being there’s nothing they can do to make it
(other than the meeting in and of itself
as ‘a much ballyhooed event’)
succeed! Graham
Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition) Phoenix Capital
Research 10/24/11Europe 's
banks imploding …’, Four
Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix - ‘..
And those investors who get suckered into betting this mess will work out well
are very likely going to lose everything. The impact of the fallout from this
will make 2008 look like a joke. The EU is the largest economy in the world. So
if its banking system collapses (and it will) we’re facing a full-scale Global
financial meltdown (the IMF has even warned of this)…’ , Parallels to The
Great Depression Suggest Higher Prices Followed by a Bust ETFguide October 25, 2011 Investors'
Number One Worry: Europe Posed to Bring Down Global Economy Minyanville [
Riiiiight! Europe following the ‘american way’ of ‘insurmountable debt, funny money and wall
street fraud, and throw in a destructive, wasteful war or two or three’ is ‘ the one’ … to reiterate: America’s
debt woe is worse than Greece’s News $211 trillion ]
Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct 24, 2011 ‘Now may be a good
time to take some profits after a strong October run in the market…’, 10 Reasons The Consumer Will Sink This
Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen , United
States tipped to lose another AAA credit rating Reuters | Either from
Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ]Graham
Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition) Phoenix Capital
Research 10/24/11 Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct 24, 2011 ‘Now may be a good
time to take some profits after a strong October run in the market…’, 10 Reasons The Consumer Will Sink This
Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen , United
States tipped to lose another AAA credit rating Reuters | Either from
Moody’s or Fitch , Can The Hope Rally Continue? [ Short answer: NO! ]Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR
, ECRI
Recession Watch: Growth Index Drops Further
http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php
Doug Short 10-21-11 ‘The Weekly Leading Index (WLI ) growth indicator of the
Economic Cycle Research Institute (ECRI) has now posted 11 consecutive declines
since early August. The interim high of 8.0 was set in the week ending on April
15. The latest reading, data through October 14, is -10.1, down from the
previous week's -9.7. On September 30th, the ECRI publicly announced that the U.S. is tipping into a recession, a call the
Institute had announced to its private clients on September 21st. Earnings forecasts look less bright NEW YORK , Banks
closed in Colo, Fla, Ga; 84 failures in 2011 AP , With
Some Hope In Europe, Time To Go Short?
Forbes Steve Schaefer , Forbes
Staff ‘European leaders are gathering
Sunday and Wednesday in meetings aimed at hashing out an expansion of the
region’s bailout fund and recapitalizing banks, but with expectations for a
solution rising the risk of a less-than-comprehensive plan rattling markets may
be growing...“The bar is set too high,” he believes, arguing that even if the
market rallies on a deal being reached, the implementation of whatever
resolution plan is adopted will be cumbersome and ultimately amount to “solving
a problem of debt with more debt.” When the market realizes that, October’s
9.5% gain to date could unravel in a hurry. The recent stage in the too-rapid
rise to current levels is largely a result of short-covering and investors who
missed the initial stage of the recovery jumping on board…’Dead
Stocks Walking S&P
sees downgrade blitz in EMU recession, threatening crisis strategy Oct
20th, 2011 News Euro
Summit Imploding: Merkel Cancels Friday Government Statement On EFSF Durden on 10/20/2011 , Student
Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of
Wage Slavery" And Another Taxpayer Bailout Durden ‘..All we need to
do is teach people that Washington
D.C. . They are one gigantic rogue trader sucking the
lifeblood out of America..’ , As
growth lags, IMF warns of downturn After warning that high debt needed
immediate attention, the organization is now urging countries to look for ways
to boost growth amid concerns that austerity might bring renewed recession. Euro
drops as Germany seeks no quick resolution (Washington 43,454,601,693,238
Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock
Zero Hedge | By now everyone has had a chance to play with the US debt clock.
But what about its global cousin? Is the US
Economy in a Recession? thetechnicaltake ‘A simple indicator constructed
from readily available data is suggesting with great certainty that the US
economy is already in a recession.’ , US
to Experience Stagflation Worse Than 1970s: Jim Rogers CNBC , Jeff
Applegate: Not Sheepish About Turning Bearish The Wall Street Journal U.S. and Europe
may be able to power through their summertime woes. Not for Jeff Applegate. Mr.
Applegate, the 61-year-old chief investment officer of Morgan Stanley Smith
Barney, last week made his biggest bearish shift in more than two years,
battening down the hatches and reducing his exposure to stocks, high-yield
bonds, commodities and real-estate investment trusts…’, Fed should
adopt GDP target, Goldman says Oct 17th, 2011 News source ]
PG View Michael Lewis ' 1989 book, Liar's
Poker London .’Wikipedia.
Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in
light of the inflation
piece written by John Mauldin on Saturday. Yes, it does indeed seem that
“inflation as a solution” is gaining traction. I say tom-a-to, you say
tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call
it, it’s synonymous with dollar devaluation and you best be saving in something
other than dollars if you hope to come out the other side unscathed.Can “It” Happen Here? Oct
17th, 2011 News Weimar posted
last week .]…”, Full moon October 10-14,
2011 … I’ve examined the weekly results for the global markets … Conclusion:
The global euphoria, irrational exuberance in the financial markets worldwide,
courtesy of the blazing full moon October 10-14, 2011 ; and yes, the lunacy
once the exclusive province of fraudulent wall street is now a global
phenomenon (10th near full beginning, 14th near full ending). , The More Government Spends, The Worse It Gets , Balance Of Fundamentals Will Continue To Weigh On
Market , ECRI Recession Watch: Growth
Index Declines Further http://www.bullseyemicrocaps.com/?p=11699
By Doug Short :
Early last week, ECRI notified
clients that the U.S. US
budget gap widens, tops $1 trln for 3rd year Reuters A
New S&P 500 Low Still Awaits Us Minyanville Erik Swarts Oct
13, 2011 ‘Watch the SPX as the market comes to terms with the continuing crisis
in Europe , America's
Lost Decade Will Last Until 2016 [
This is extremely optimistic! ] Forbes Lenzner , Harrisburg,
Pa Files for Bankruptcy: Is Meredith Whitney Right? [ Short anwer: Yes! ]
Peter Gorenstein , The
Structural Challenges Facing Muni Bonds Minyanville , IRS
Auditing How GOOGLE Shifted Profits Offshore to Avoid Taxes Bloomberg , Europe eyes bigger Greek losses for banks , Markets
Are Dealing With a Foreboding Financial Backdrop
Minyanville Lee Adler Oct
12, 2011 ‘..especially, why have they been frantically dumping their corporate
holdings since June? http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG
Something is rotten here. These are signs of major systemic stress.. This may
be one of those times, and it's not a happy picture..’ , Double-Dip
Recession a Foregone Conclusion: Roubini Oct 11th, 2011 News Slovakia
votes down eurozone bailout expansion plans Oct 11th, 2011 News Euro About to Dissolve?
Oct 11th, 2011 News ROUBINI: The Recession Is Guaranteed, The Only Question
Now Is How Bad It Will Be Nobel
Prize Winning Economist Who Supports Wall Street Protests SLAMS the Federal
Reserve Washington’s Blog | Nobel prize winning economist Joe Stiglitz –
like many other high-level economists – supports the “Occupy Wall Street”
protests. Graham
Summers Weekly Market Forecast (Dexia Now... Who's Next? Edition) http://www.zerohedge.com/contributed/graham-summers-weekly-market-forecast-dexia-now-whos-next-edition
Phoenix Capital
Research 10/10/2011 THIS BEAR MARKET IS
NOWHERE NEAR OVER. , We
Are Still Early In This Bear Phase http://www.bullseyemicrocaps.com/?p=10478 Roger Nusbaum Stocks Surge On New Promises From European Leaders, Dow Adds 300
Points [ Come on! Wake up! Two
desperate, failed politicians who haven’t the slightest idea what they’re
doing; certainly in the areas of finance and economics. Indeed, they’ve
borrowed from a page in the fraudulent wall street / defacto bankrupt american
book of failure and fraud in banging ‘square pegs in round holes’ along with
nation-draining fraudulent obfuscation with b***s*** alone that hearkens back
to that ’Weimar dollar’ era that was precursor to and inevitably led to the
inflationary / no real value collapse now underway as is already the scenario
in america. How totally desperate and pathetic they are. This is cheered by the
wall street types / frauds to enable them to favorably cash out. Take your profits while you still
can, protect yourself while you still can, this fraud – induced collapse is
just beginning. New ‘promises’! Currency-debased high inflation rally! What a joke they’ve become! ] “The Prevailing Debate Among Economists and Historians is
Whether the World Economy Faces the ‘Great’ Depression of the 1930s or the
‘Long’ Depression of the 1870s” Washington’s Blog | Economists Agree: We’re
In a Depression. Fitch cuts Italy, Spain ratings; outlook negative , Wall
Street vs Reality: A Hopeless Tug-of-War?
http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a
bubble? [ The short answer is, ‘YES’! The long answer is your work is quite
(closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit
market, demographic, and leading economic indicators are all
pointing to a level of between 800 and 1,000 for the S&P 500 between now
and 2012-2013. Hold
Your Enthusiasm ... This Is Still A Bear Market Rally http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally ,
10/06/2011 , Yield
Spread Confirming Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call U.S.
stocks' massive "melt-up" fans investor fears Reuters October 5,
2011, By Edward Krudy NEW YORK (Reuters) - In less than one hour on
Tuesday, the U.S. stock market surged by 4 percent -- for no apparent reason
, Play It Again Sam: Dave's Daily ‘ ... The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite figured
out. It's as futile for them as the illegal fee-driven recent end-of-quarter
price jam-job. One of these
actions was featured courtesy of our friends at Zero
Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction. http://www.thestreet.com/tsc/daves/082511/image002.jpg
‘ ( Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ Prelude To Meltdown )( 6 Reasons a Global Recession is Unavoidable Ron DeLegge, October 5,
2011, Dem.lautenberg’s jersey based ADP helps the desperate dem’s cause with
100% better than expected (false) private sector jobs report ( Announced
U.S. Job Cuts Rise 212% From Year Ago Bloomberg) , Gabriel Wisdom to Frank Motek of
1070amBus.Rept. says this is a bear market and we’ll see market lows in 2012. [video]
Nervously Eyeing 50% Retracement TheStreet.com
Newton , Moody's
Downgrades Italy By Three Notches The
Wall Street Journal , Greek
Bailout May Include Larger Writedowns for Private Investors Wall St. Cheat Sheet . Enormous,
last hour 370+ point upside suckers’ rally into the close based on b***s***,
rumour (more ‘good money after bad’ bailout goin’ greek in the eu zone),
nothing at all (pushed a button, ran a buy program?) to suck suckers in and
keep suckers sucked in based upon as previously questionable if not outright
fake, ‘upward-revised’ (based on inflation-spiked price increases at best) data
also, ‘ WSCS ‘ THE GREATEST SHOW ON EARTH September 29, 2011 http://www.etfdigest.com
‘…Algos jumped on the headlines which is what they’re programmed to do. They
don’t look under the hood for details since given their momentary focus, “facts
don’t matter”—not at least right away. A closer look inside Jobless Claims data
is the consistent revisions for higher previous claims. This makes current
reports generally seem better by comparison. Further, the BLS states with this
report the significant impact of “seasonal factors” skewing the report…’ ) . [ End
of Quarter Price Mark-Ups; Dave’s Daily
http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html Dave Fry
9-27-11 ‘All you need do is view the last week of June 2011, the
previous quarter end, and you'll note a similar quarter end jam-job…’ , Bernanke calls unemployment a ‘national crisis’ 28 Sep 2011 Fed
chief Ben Bernanke said Wednesday that the nation’s weak labor market was “a
national crisis” - Duh! No-recession-wall-street-lovin’-helicopter ben’s … done
it again! … brilliant description of unfortunately what already is thanks in
large part to his wall (fraud) street largess / welfare in the form of QE’s,
etc. , Prepare
for Lehman Brothers Part 2 , Arguments for Being in the Crash Camp Conor Sen Sep
28, 2011 , Now's
Not the Time to Take on Equity Market Exposure at Minyanville Erik Swarts Sep
28, 2011 , [video]Buying
on Rumor - Prepare For The Selling On News TheStreet.com TV , Roubini:
U.S. in Throes of Economic Contraction Sep 27th, 2011 News SHILLER:
House Prices Probably Won’t Hit Bottom For Years Sep 27th, 2011 News Split opens
over Greek bail-out terms Sep 27th, 2011(Financial Times) , The familiar
fraud/pattern of end-of-month/quarter window dressing b***s*** story of ‘hopes’
(ie., americanized funny-money fraud in the eurozone, etc.) from the frauds on
wall street … Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High
Frequency Traders) launching many buy or sell programs using complex algorithms
which can drive prices on indexes higher or lower in dramatic fashion. One of
their great acts is called "quote stuffing". It's another illegal
activity which the SEC hasn't quite figured out. It's as futile for them as the
illegal fee-driven recent end-of-quarter price jam-job..’ ,
despite the reality of bad news , New home sales hit 6-month low, prices drop , Euro zone damps talk of rapid debt crisis steps , On
the Lookout for a Red October
Minyanville ‘ … Aside
from history, if we take a look at the global environment, there are a handful
of things suggesting that we will experience a turbulent October…’ , Suckers’ rally into the close to suck suckers
in and keep suckers sucked in based on lingering hopes for unaffordably
damaging funny money / QE ultimately taxpayer funded / borne bailout / welfare
for these fraudulent ‘titans of capitalism’ on wall street, viz., nothing
whatsoever ( watch for their fraudulent /
illegal end of month/quarter window dressing ) , and bad news ( Soros:
US Is Already in Double-Dip Recession CNBC.com , Stocks:
Don't Get All Comfortable Just Yet WS
/ Stocks
Endure Worst Five-Day Slamming Since '08, Still On Edge About Greece Forbes , More
Pain Is Coming To Equities
http://regator.com/p/253227580/more_pain_is_coming_to_equities Penguin Capital Markets , David
Cameron: world on brink of new economic crisis London Telegraph , Every
Age Group Is Getting Poorer In America, Except For One Advisor Perspectives
, Global economy
pushed to the brink Sep 23rd, 2011 News European
and US Economies Teetering on Weak Policy, Leadership Minyanville Moody's downgrades 8 Greek banks , Signs The Perfect Economic Storm Is Coming http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming , America’s
debt woe is worse than Greece’s Sep 21st, 2011 News $211 trillion source ]’ , $16 muffins, $8 coffee served in Justice audit , Market
Recap: FOMC Announces Operation Twist, Banks Tumble, Investors Flee Sovereign
Debt Wall St. Cheat Sheet September 21, 2011, Wall Street sinks 3 percent after Fed cites economic
"risks" NEW
YORK (Reuters) , Moody's downgrades big banks on changed policy , Italy
downgraded, IMF says Europe behind the curve Reuters , IMF
downgrades outlook for US and Europe economies [Sep 20, 2011] ... Fund has
sharply downgraded its outlook for the U.S. economy through 2012 ... http://finance.yahoo.com/news/IMF-downgrades-outlook-for-US-apf-1240337037.html?x=0
much worse than expected: Market Recap: S&P Downgrades Italy, Housing Starts Tumble,
Markets Wait on funny-money no-recession ben bernanke Wall St Cheat Sheet , IMF Downgrades
Global Economic Outlook , Drudgereport: IMF WARNS:
INTO THE DANGER ZONE... ...warns of
USA 'lost decade' , New
High: 37% Say Their Home Is Worth Less Than Remaining Mortgage Payments
Rasmussen , 30
Signs That The U.S. Economy Is About To Go Into The Toilet The Economic
Collapse , A
Fed IOER Cut Could Backfire on Banks, Warns Pimco , 3
Reasons Markets Were Up As Central Banks Stepped in to Boost Dollar Liquidity
in European Banks Wall St. Cheat
Sheet ‘ Today the Department of Labor
announced that consumer prices initial
jobless claims jumped last week to their highest level since June. The
Federal Reserve Bank of New York ’s report on manufacturing in the region contracted more than expected
in September, while its general economic index dropped to its weakest
reading since November 2010, indicating that companies in the region covered by
the New York hourly earnings fell in August in their
biggest one-month decline since July 2008 , while the cost of energy,
food, healthcare, and shelter all rose.‘ David
Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day
Depression” Zero Hedge , Geithner:
Economy In “An Early Stage” Of Crisis
, Flat retail sales keeps U.S. on recession watch ) fraud
/ manipulated programmed hft (high frequency trades – see, ie., What
to Expect Next From the Markets , Dave’s Daily, infra ) and b***s*** alone! [ Stock
Market Secret Word of the Day Is 'Delusion' WSJ , watch for fake data / reports out
of their sheer desperation , ‘american technology is horrendous and vastly
overrated!’ I really mean it; and that’s reality, which speaks volumes about
the pathetic state of the world , Minyanville's T3 Daily Recap: Market Squeeze Continues, But Was
it a Trap? By T3Live.com
‘Today's action … another clever ploy to suck in longs while relieving some of
the oversold condition of the market’ , Don't Trust Wall
Street and this Market ETFguide , Congress budget agency warns panel of economic ills , Nearly 1 in 6 Americans in poverty, Census says , Cisco cuts long-term sales growth forecast , International alarm over euro zone crisis grows , Why
Can't Wall Street Be Honest With The Public? Forbes , Venture capital veteran Perkins sees danger ahead , These
Wall Street Firms are About to Start Firing People Like Crazy , Same
Alan Greenspan Who Warned Against Budget Surplus Now Warns About Deficit , ETF
Redemptions Highest Since 2008: Report ETF
Trends , 20
Signs Of Imminent Financial Collapse In Europe The Economic Collapse , The
2nd Edge Of Modern Financial Repression: Manipulating Inflation Indexes To
Steal From Retirees & Public Workers Gold Seek Lawless America: 20 Examples Of Desperate People Doing
Desperate Things
, Poverty In America: A Special Report How Greece Is Mocking the Rest of the World [ Well, let’s get real here! There’s plenty to mock in
this world, and Greece
1 dollar when the goods were produced. The company sells the products
for 2 dollars (the previous equivalent of 1 dollar before debasement). The
company is now showing earnings 1 dollar per unit sold, yet in real terms,
they’ve gotten no more than the equivalent of that 1 dollar per unit. (If
you’ve been to the grocery store lately, particularly the last 1-2 months, I’ve
found meats, etc., to be up 50-100%, etc.). The same obfuscating manipulations
are applicable to assets generally, and to those pieces of paper called stocks
which are even ‘worse for the wear’ since churn-and-earn commissions at
lightning computerized speed are being subtracted from this illusory ‘enhanced
value’ which in reality doesn’t exist at all. ( Such manipulations from
currency translation also provide ‘arbitrage opportunities’ though similarly
largely ultimately subtracted from no real value being created. ) This is why
fraudulent wall street loves the fed’s QE’s and dollar debasement /
over-printing / creating and also why it’s been a dismal failure and a net
negative in real economic terms as seen on main street and in the decimation of
the middle class and growing ranks of the poor. In the analysis of securities,
this would be considered ‘the quality of earnings factor’ that goes into the
assignment of a p/e multiple to the projected earnings. Sufficeth to say, this
is no longer done on wall street in any real or legitimate fashion, if at all.
Indeed, it’s a fair statement to say that security analysis is no longer a
‘practice’ as same was considered, once upon a time, by value investors /
analysts. As set forth by Dave and Cooper, infra, computerized programmed
manipulation at lightning speed has been expedient in the short run for the
wall street frauds but ultimately leads to the inevitable crash since as I
often reiterate : ‘Remember, there is no modern day alchemy that
spins worthless paper into gold except fraudulently for the frauds on wall street
who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and
gold, precious metals, at everyone else’s expense including main street.
They’re just not that important and represent, like termites eating away at the
nation’s foundation, a drag on the economy, the nation as one would expect from
parasites such as they are’ . What
to Expect Next From the Markets
Minyanville Jeffrey Cooper ‘Conclusion:
It looks like a program was run using the least amount of dollars to goose the
indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and
Caterpillar { Apple
Hits New High (Update1) [ 9-19-11 This manipulated programmed trade to
froth markets is a crash in the making – sell at these ridiculous levels / take
profits! }, Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High Frequency
Traders) launching many buy or sell programs using complex algorithms which can
drive prices on indexes higher or lower in dramatic fashion. One of their great
acts is called "quote stuffing". It's another illegal activity which
the SEC hasn't quite figured out. It's as futile for them as the illegal
fee-driven recent end-of-quarter price jam-job..’] Simon Maierhofer,September 16, 2011, ‘ Webster's dictionary defines
gullible as naive and easily duped or cheated'…’
Art
Cashin On The Most Important History Lesson Of The Last Century Oct 13th,
2011 08:40 by News ZeroHedge) — Today, instead of the
traditional market observations by the Chairman of the Fermentation Committee,
we share with readers a critical historical lesson from Art Cashin, focusing on
an event that took place 89 years ago, which as Cashin says “one of the most devastating economic events
in recorded history they simply created more and more money . But
economic stagnation continued and so did the money growth. They kept making
money more available. No reaction. Then, suddenly prices began to explode
unbelievably (but, perversely, not business activity).[source ] PG
View : The
hyperinflation of the Weimar Republic is unquestionably Germany’s defining
economic moment, much like the Great Depression is ours. It goes a long way
toward explaining why Germany Weimar The
Nightmare German Inflation . Previous:The
latest b***s*** story into the close is ‘rich’, but not as in wealthy. One
interviewee / pundit even preposterously referred to the ‘Marco Polo effect’,
viz., that communist China’s rumored to be about to save one of the PIIGS,
italy … but who’s going to save communist china … really … some very bad karma
for communist china just ‘round the corner! Don’t forget, the market’s rallied
literally many hundreds of points owing to that spin / b***s*** called the
‘euro solution’, etc., which of course, never existed in reality, but great
‘fraud’ points (that computerized hf commissioned churn-and-earn, up and down,
get you now and get you later). Then the so-called ‘technical support’ levels …
based on much worse than spun fundamentals / reality. It’s the other way
around, fools … fundamentals create technical support levels, not vice versa .
Unprecedented
Monthly Volume Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle
Sep 12, 2011 , Preparing
for a Credit Crisis at Minyanville John Mauldin , What's the
Long-Term Outlook for Stocks and The Economy? ETFguide Simon Maierhofer,
September 12, 2011 , ] Prepare
For Recession And Bear Market at
Forbes Sy Harding, ‘ Senate
(Quietly) Approves $500 Billion Increase in Borrowing Authority Sep 9th,
2011 by News (WSJ Blogs) PG View : Shhhhh. Don’t
tell anyone, but we blew through that initial $400 bln debt ceiling hike in
about a month / Europe
on the Verge of a Political Breakdown News , 4
Bearish Mega Trends Simon Maierhofer / S&P
1,100 And Lower - More Likely Than you Think , STOCKS
DEMOLISHED, EUROPE NEAR BREAKING POINT: Here's What You Need To Know Business Insider , Ominous
Bear Flag Pattern Suggests S&P 500 At 1,000 Keep in mind the ‘r’
word (‘recession’- actually should be ‘d’ word for depression) subtracting out
the understated inflationary price increases (deflating growth with realistic
inflation deflator), we’re already there (– see, Burt Dohmen, Financial
Crisis Phase II Is Ahead at Forbes , infra ) 7
Reasons Why New Lows are Likely ETF Guide , Albert
Edwards Has Another Reason You Should Worry About Profits The Wall Street Journal , Chart
Shock: The REAL Unemployment Rate Is 22% The Daily Bail Deja
Vu All Over Again: Total US Debt Passes Debt Ceiling… In Under One Month Since
Extension Sep 2nd, 2011 News (ZeroHedge) , Global
Recession: Right Here, Right Now at
Minyanville Mike Shedlock Sep
02, 2011
, Fearing
An Even Worse Inflationary Depression Ahead Bob Chapman | The debauching of
currencies worldwide goes on with great abandon. Previous: Typical (suckers’ rally into
the close on still lingering hopes for more fed funny money that’s a detriment
/ negative to all but the frauds on wall street and has been a dismal policy
failure) window-dressed end of month based on bad news, fraud, and b***s***
alone – watch for fake data / reports out of their sheer desperation ,
Beware
Dow In September: Do You Believe The Data? [ NO! I DON’T
BELIEVE THE GOVERNMENT DATA ( Famed
economist predicts economic calamity in 2012x http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 , NOR
DO I BELIEVE THE NON-GOVERNMENT DATA ( Accounting
Gimmics Resurface as Growth Flounders at
TheStreet , Global
Recession Likely, Depression Possible: Economist Aug 31st, 2011 by News (CNBC) , Ignore
Buffett's Advice, Don't Buy Stocks Forbes
/ The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , What
to Expect Next From the Markets at
Minyanville Jeffrey Cooper
Aug 29, 2011 ‘Conclusion: It looks
like a program was run using the least amount of dollars to goose the indices
by focusing on some big cap names like Apple (AAPL AMZN BIDU IBM CAT Arguments
for Being in the Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only
own things you're willing to own in a down 20-30% tape, because that's what we
could see over the next month...’
, Economic / Financial Collapse
Imminent – Stansberry Investment
Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry
Dent, Jr. Economy will be in a Depression by 2011 Dow
will Fall to 3,800 – 4,500 by 2012 Nasdaq
will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the
1930s will Occur Between 2010 and 2012).
Fed
Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) , End Of
Cycle Smelling Like Dow 3K, Gold 3K No
Recession Coming ... It's Already Here , Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude
To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events
that warns of phase II of the global crisis… My work shows that “the new
recession has started.”… Over the past 33 years, we have called the start of
every recession, often on the exact month, or within one month, of the official
start as determined one year later by the official arbiter of recession, the
National Bureau of Economic Research (NBER)… However, inflation is far
understated for political reasons. Currently, the GDP deflator is 1.8%, which
hardly reflects the true rise in prices. Therefore, what is counted as
“growth,” is actually price increases. Actual inflation, according to free
market economists who calculate inflation as it was done in 1980 before the
politician re-engineered it, is now more than 11%. Using that to adjust GDP for
inflation, would show that the economy is now in a very sharp contraction…’ , NOR DO I BELIEVE
THE NON-GOVERNMENT DATA (Accounting
Gimmics Resurface as Growth Flounders at
TheStreet at this point of abounding
desperation for both. ] Murray
Coleman ‘If you believe in seasonal factors, betting on the Dow Jones Industrial
Average ETF (DIA )
wouldn’t seem like the best play about this time of year. Over the past 100
years, the Dow itself has averaged a drop of 0.8% in September, according to
Bespoke Investment Group. Over the last 50 years, the Dow has averaged a fall
of 0.79%; in the past 20 years the benchmark has typically dropped by 0.60%
during the month…’ Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America , The
Bear Market Rally Has Begun at
Minyanville Toby Connor Aug
30, 2011 ‘…Investors need to be prepared. This is going to be a very, very
convincing rally. The tendency is going to be to buy into the media hype --
that this was nothing more than a severe correction in an ongoing bull market.
This was not a correction. This was the first leg down in a new cyclical
(secular) bear market. And like all bear markets it will be subject to violent
countertrend rallies that toy with traders' emotions, and ultimately cause
investors to ride the bear all the way to the bottom…’ Scandal scarred commerce dept. report on consumer
spending with anemic income figures (typically as always unworthy of belief as
unbelievable anything the government says in their desperation) spurs suckers’
rally (along with some short covering) to suck suckers in and
keep suckers sucked in. Massive
Understatement: Mohamed El-Erian’s reply to Frank Motek 1070am regarding
particularly the 300+ point swing to the upside today, ‘(they’re) confused’!
Indeed they are! But when you’re commissioning those manipulated computer
programmed high-frequency-trade swings, churning and earning at lightning
speed, such euphemistic criticism falls short with the impact of water off a
duck’s back. Moreover, how pathetic are they, those
Pavlov dogs on wall street salivating at the mere prospect of a QE handout
ultimately at taxpayer expense, in one form or another. Even more pathetic is
the so-called ‘rally’ based on a purported rethink of fedspeak alleged to be so filled with ‘ latent / hidden ‘
meaning of a form of QE welfare down the road. Those pathetic ‘titans of
capitalism’; aka, the frauds of wall street.
Never mind that the QE’s have failed miserably and at great costs
(inflation, financial, economic, etc.) and detriment to all but the frauds on
wall street by way of their manipulated computer-programmed ( high frequency trading )
commissioned churn-and-earn. Wall street’s rise has been among the causes of
and comcomitant to america Remember, there is no modern day alchemy that spins worthless paper
into gold except fraudulently for the frauds on wall street who’ve literally
oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious
metals, at everyone else’s expense including main street. They’re just not that
important and represent, like termites eating away at the nation’s foundation,
a drag on the economy, the nation as one would expect from parasites such as
they are. So what’s changed of significance? Nothing!
Absolutely nothing; yet a manipulated computer-programmed ( high frequency trading bots ) churn-and-earn
suckers’ rally based on desperation, bad news, fraud and b***s*** alone to suck
suckers in and keep suckers sucked in. Horrific news on the economic front
particularly since the anemic (revised downward – and I think much worse than
reported) 1% GDP growth is all owing to hefty price increases / inflation,
fudged and not reported accurately. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude
To Meltdown , This is an especially great opportunity to sell / take profits
because there’s much worse to come! , Despite
being glad that Apple has survived (though outlook now dimmed regardless of rhetoric
and beyond the Jobs retirement), ‘american technology is horrendous and vastly
overrated!’ I really mean it, and that’s reality, which speaks volumes about
the pathetic state of the world , Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment,
90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Bernanke
- Man of Mystery: Dave's Daily at
TheStreet (Dave’s Daily:’.. The HAL 9000s have been doing business as HFTs (High
Frequency Traders) launching many buy or sell programs using complex algorithms
which can drive prices on indexes higher or lower in dramatic fashion. One of
their great acts is called "quote stuffing". It's another illegal
activity which the SEC hasn't quite figured out. It's as futile for them as the
illegal fee-driven recent end-of-quarter price jam-job..’) Play It
Again Sam: Dave's Daily [ As
always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the
markets. ] ‘ …Thursday
was another great show starring Jobless Claims, Warren Buffet, HAL 9000s, Steve
Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on precious
metals options expiration.The spin on Jobless Claims data was prior claims were
adjusted higher making recent higher claims look not so bad especially when you
add Verizon workers. Warren Buffett entered from stage left with a $5 billion investment Zero
Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction. http://www.thestreet.com/tsc/daves/082511/image002.jpg Steve Jobs sadly is retiring from his leading
role as Apple CEO but the stock Previous: Manipulated computer-programmed ( high frequency trading bots )
churn-and-earn suckers’ rally into the close based on desperation, fraud and
b***s*** alone to suck suckers in and keep suckers sucked in! Stocks up on government report (I consistently and
here now again warn of fake reports / data) on durables far better than
expectations / reality…100% better? I don’t think so! … Come on … sheer
desperation at best! Steve Jobs
resigns from Apple, Cook becomes CEO - SAN
FRANCISCO (Reuters) - Silicon Valley
legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a
stunning move that ended his 14-year reign at the technology giant he
co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve Jobs
literally saved Apple from extinction … I’m truly glad he saved Apple, my first
computer (1986 - apple IIc for word processing / data based records / forms /
templates / data which I interfaced with an electric typewriter for letter
quality) and for that all should be thankful. Apple is the Nasdaq (40%
weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out
a big winner as indeed he should! Yet, make no mistake, as one might expect,
his timing was impeccable inasmuch as without his uniquely inspired innovation,
competition moving in, and particularly the coming debacle / crisis the worst of
which lies ahead, things are not looking up, in and for pervasively corrupt /
defacto bankrupt america particularly, euphemistically speaking. ] End Of
Cycle Smelling Like Dow 3K, Gold 3K … ‘Our view [ the correct
view ] is that the bear market began in January 2000. The feds fought it off
with two huge extravaganzas of spending — the first beginning in 2001 the other
after 2008. Stimulus does wonders for stock prices but it no longer works for
the economy that sustains them. For every dollar that the Fed has put to work
to fight the crisis since 2008, for example, it has produced only 80 cents
worth of GDP. It didn’t work……that the recession of ’08-’09 in the US never
actually ended……and that stocks will go down over the next 5-10 years until
they finally hit a real bottom…’ Ted Weisberg to Frank
Motek 1070am could think of no reason for the market to be up (B AD NEWS:
new home sales down, oil prices up - ‘ China's manufacturing index showed
a decline , the seventh straight
month of declines for German manufacturing and the first decline in two years
for European manufacturing activity, in u.s. a big miss on new home sales and a decline in the Richmond Fed's manufacturing index .’) with some prodding ultimately a begrudging
mention of that meaningless fudge term ‘oversold’ which of course is no reason
at all particularly since the market is substantially overvalued so take this
as an especially great opportunity to sell / take profits because there’s much
worse to come ! , Fed
Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) — ‘The San Francisco Fed has come out with a research paper
connecting the dots between the retiring baby boomers and stock prices. The
thinking is that the boomers will divest themselves of stocks as they retire
and eat into their savings.…These conclusions are just horrendous! The
suggestion is that there is a 15-year bear market in front of us. Multiples
will fall by 50%!!…“We do see it as something of a headwind as the economy is
attempting to recover.” … These deep thinkers have it completely wrong. They
think that the key to having a stronger economy is higher stock prices. So they
spend all of their efforts dreaming up ways to keep the S&P ramping up. I
think it is the exact other way around. If the economy were to be growing [ you
see, that’s the problem in large part – the economy won’t really be growing
(huge price increases / inflation for the illusion), among a multitude of other
problems ], it is reasonable to assume that stock prices might rise. It is
completely false to assume that attempts to jigger stocks higher will lead to a
stronger economy [ This is true, but the writer ignores the criminal fraud
factor as the raison d’etre for the ‘jiggering’.’ ] , Dow:Gold
Ratio and the Secular Bear Market Minyanville Toby Connor ‘ …
Stocks.. after.. bear market rally, will roll over and continue down into a
final four-year cycle low..Depending on whether or not the Fed tries to fight
the cleansing process, or Ben Bernanke tries to stop the bear market with
another round of quantitative easing, stocks should either test or breach the
March '09 lows. Either way I expect that 2012 will go down as one of the worst
years in human history. Certainly in the same category as 1932, if not worse …’ , ‘american
technology is horrendous and vastly overrated!’ , Famed economist predicts economic calamity
in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Accounting
Gimmics Resurface as Growth Flounders at
TheStreet financial ,
Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St.
Cheat Sheet , Social
Security disability on verge of insolvency , Welcome
To The New Bear Market For Stocks
Forbes / Dow/Gold
Ratio Lowest Since 1987 Crash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes
/ The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , Tech
Leading Market Lower The Wall Street
Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Minyanville's
T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ ,Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news ( Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ), and
b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market ,
Abandon Ship McGill , There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS FALL
AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On
Concern Over Europe's Debt, U.S. Data , Watch Out:
2011 Looks A Lot Like The Market Top In 2007 Take A Lesson
From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In a
Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ) Five Reason
Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession
Is Guaranteed: Expert So what’s changed of significance (other than
previous full moon and consequent effects on the lunatic wall street frauds)
Nothing! Absolutely nothing, yet a manipulated computer-programmed ( high frequency trading bots )
churn-and-earn suckers’ rally based on desperation, fraud and b***s*** alone
(ie., backward looking, ‘revisions’, faked data, etc.) to keep suckers
suckered, which makes for an especially great opportunity to sell / take
profits since there’s much, much worse to come! Regulators close 64th U.S. bank this
year U.S. consumer sentiment grim but
retail sales jump with gasoline prices up , [$$] 'Junk' Bonds Point to Recession , Stock Market
Parallels to 2000 and 2008 Should Not Be Ignored , How Low Will
Stocks Go? ‘ 50% unemployment
& 90% Dow crash also predicted. Newsmax Tech up? Is this some kind of a joke? Absolute confirmation of dire prospects worldwide
since american tech is horrendous. (Newsmax.com) ‘ Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And
Newsmax’s eye-opening Aftershock Survival Summit [ The instant video on the economic / financial collapse
from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend http://www.albertpeia.com/stansberrysinvestmentadvisory.flv http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without
pictures / charts)] [A lot of pre-election year obfuscation,
manipulation but the debacle is already here:
Harry Dent, Jr. Economy will be in a
Depression by 2011 U.S. Dollar will Decline Dow 1000?
Robert Prechter Thinks So
Prechter
Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave
Much Credibility To Be Desired Bulls Go to
Extremes: Don't Buy the "Breakout", Sell It, Prechter Says Russell: This
Is One Of The Largest Tops In Stock Market History My old friend, Bob Prechter, is talking about Dow 400. I
used to think this was an absurd joke. I no longer think it’s a joke. The
ultimate result will be a primary bear market shocking in duration and extent.
…’ Depression
is Imminent The Dow Jones Industrial Average will go down to at least 1000,
most likely to below 777 which was the starting point of its mania back in August
1982, and quite likely drop below 400 at one or more times during the bear
market. [
8 More
Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost
Its AAA Credit Rating ‘…
#8 economics
professor Laurence J. Kotlikoff recently told NPR “If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Why You
Shouldn't Buy Into This Plunge Forbes/ Russell
Napier is the author of the book
“Anatomy of the Bear”, a professor at the Edinburgh
Business School
and a consultant to CLSA Ltd. which is one of the top research houses in Asia . Napier’s research indicates (and I paraphrase)
that: The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800) The
S&P 500 will then undergo a major crash that will see U.S. equity prices
bottom at almost 50% below current levels (i.e. to 400 or less; the Dow 30 to
3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling the
end of the bear market, as it has done at the end of the four largest U.S.
market declines in 1921, 1932, 1949 and 1982. U.S. Treasury Sales Collapse
Leading to End of U.S. Dollar as Reserve Currency Robert R. Prechter Jr.
is author of a number of newsletters and books including “Elliott Wave
Principle” (1978) in which he predicted the super bull market of the 1980s; “At
the Crest of the Tidal Wave – A Forecast of the Great Bear Market” (1995) in
which he predicted a slow motion economic earthquake, brought about by a great
asset mania, that would register 11 on the financial Richter scale causing a
collapse of historic proportions; and “Conquer the Crash: You can Survive and
Prosper in a Deflationary Depression” (2002) in which he described the economic
cataclysm that we are just beginning to experience and advised how to position
one’s self financially during that period of time. Depression is Imminent The
Dow Jones Industrial Average will go down to at least 1000, most likely to
below 777 which was the starting point of its mania back in August 1982, and
quite likely drop below 400 at one or more times during the bear market. Watch for fake gov’t data / reports owing to
political desperation! This
an especially great opportunity to sell / take profits, particularly if you
missed Tuesday or May, since there’s much, much worse to come! Thursday, Aug.11, 2011: what
changed from yesterday which warranted a more than 500 point plunge with paper
stocks still over-valued? Well, some bad news labeled as better than expected
1) 7,000 fewer jobless claims than expected (just a little over 1% better even
if you believe them – I don’t) 2) Cisco shows results ‘better than expected’ 3)
Record monthly trade deficit [ What
Recovery? Forbes quarterly results edged past Wall Street’s scaled-back expectations percent of its workforce and sell
a set-top box factory in Mexico Cisco bulls may
underestimate tough road ahead Randewich.’ ] Tuesday, Aug.9,2011: what
changed from yesterday which warranted a more than 600 point plunge with paper
stocks still over-valued and a 545 bounce off of afternoon lows? Nothing!
Absolutely nothing, yet a manipulated computer-programmed churn-and-earn
suckers’ rally based on fraud and b***s*** alone to keep suckers suckered,
which makes for AN ESPECIALLY GREAT OPPORTUNITY TO SELL / TAKE PROFITS SINCE
THERE’S MUCH, MUCH WORSE TO COME! [ Is this some
parallel universe where unfounded criticism is levied at S&P for the
downgrade when they’ve actually cut the pervasively corrupt, defacto bankrupt
disunited states a break by not rating what america truly is; viz., junk status
for the paper / liabilities / obligations that cannot and will not be paid (or
the equivalent vis-ŕ-vis what would be in worse than evermore worthless Weimar
dollars or some other ‘ponzi-like’ subterfuge, obfuscation). The amounts are
insurmountable going forward. They point to Moody’s and Fitch; yet, let’s not
kid ourselves, S&P is the ‘800 pound gorilla’ in this world among rating
agencies and moody’s, fitch have substantially diminished themselves as
entities consistent with their ‘mission and purpose’ and as well, their
credibility. I mean, come on! Consider the pressure that was and continues to
be applied. Moody’s and fitch, quite frankly, folded. China’s rating agency has
already downgraded u.s. paper and they’re ‘holding’ (huge amounts of that u.s.
junk); and hence, against their own interest. Wake up! Wall Street closes worst week since
'08 with wild day NEW
YORK (Reuters) S&P on
U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating
from AAA S&P Shocks the
U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons
Markets Erased the Year’s Gains Wall
St. Cheat Sheet 1) Japan
and Europe 2) Unemployment.3) Capital goods - billions of dollars in lost
revenue. Financial
Crisis Phase II Is Ahead at
Forbes Bert Dohmen ‘ Prelude
To Meltdown , Selling In
May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market:
4 Current Warning Signs Navin
‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes,
it’s normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart previous‘…1) Job cuts. 2 ) ISM service-sector
report. Monday’s ISM
manufacturing report ISM
service-sector index Factory orders for June fell by 0.8% (just because they say the bad
news isn’t as bad as expected does not make such bad news ‘rally material’.
Indeed, the huge ralleys based on now revised downward data never seem to
retrace that fake data induced stock surge based thereon. Service sector growth slowest since
2010 Moody's sets negative outlook on BNY,
JPMorgan S&P ends string of losses on tech
rebound Tech rebound? Is this
some kind of a joke? Tech up today?
Absolute confirmation of dire prospects worldwide since american tech is
horrendous. Yet, sizzling ‘child’s play’ is the order of the day and credit
still must be given to those [ie., Steve Jobs-I’m truly glad he saved Apple, my
first computer (apple IIc for word processing / data based records / forms / templates
/ data which I interfaced with an electric typewriter for letter quality)] who
could (as he) identify such novelties as the biggest over-priced / over-valued
sensations since the hoola hoop (hoopla hoops - which were pretty cheap and
with some minor health benefits to boot).Take this run-up as a gift based on
fraudulent wall street b***s*** alone and take this opportunity to sell / take
profits / ‘sell today if you missed in may and then go away’! Nothing has been
solved; maybe forestalled. Rout spells trouble for Wall Street / Moody's
confirms U.S. rating at Aaa, outlook negative Chinese
rating agency cuts U.S. debt again / Minyanville's T3 Daily Recap:
Signed Debt Deal No Cure for Sickly Market / US auto industry uneasy after
weak July sales / Fitch Unimpressed By Debt
Deal, GDP; Markets Unimpressed By Fitch / US
debt deal alone won't sustain AAA rating / Stocks
now down for year as economic concerns grow – AP The
Daily Market Report Aug 1st, 2011
PG ‘Relief?
What Relief? http://www.usagold.com/cpmforum
… The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of inflation;
that the fed will be buying the evermore worthless american paper (bonds) and
creating/printing evermore worthless american dollars; that there’s been a quid
pro quo with at least one of the 3 (S&P, Moody’s, Fitch) federal licensed
rating agencies, viz., of reaffirming the u.s. AAA rating in return for no
prosecution surrounding their role in the S&P AAA rated worthless
(fraudulent, mortgage-backed, derivative) paper securities (fraud) giving rise
to the previous leg of this continuing, ongoing debacle / crisis. He finally
goes on to recommend non-u.s., non-dollar denominated assets, precious metals,
and alternate currencies. Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean
Hanlon / Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all
of the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘ USA
INCOME STATEMENT :Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA BALANCE SHEET : Consensus
estimates for unfunded obligations vary. Mary Meeker pegs the shortfall at $31
trillion, PIMCO's Bill Gross estimates the unreported debt to be $75 trillion,
while other estimates exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’
rally to keep the suckers suckered in this market based upon backward looking
data discounted multiple times to the upside (including the apple numbers as
recently as last week on ‘leaked’ expectations of ‘better than expected’,
etc.), taxpayer funded QE results, and b***s*** alone. This is an especially
great opportunity to sell / take profits since there’s much, much worse to
come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring
almost daily and Primary Dealers can buy back their shares and pay dividends
with what essentially is taxpayer money-- Why
The Dow Will Plunge To 7,000 By 24/7
Wall St. S&P Poised For Dropoff,
Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at
Forbes [ Oh come on! Let’s get real here! The economy was already burning (see
infra), Washington notwithstanding! Indeed, the frauds on wall street with
those contraindicated paper stock computer programmed commissioned
churn-and-earn rallies would love for you to think it’s Washington only {that
aw shucks, coulda’ been clear sailin’ otherwise moment; but the reality is that
things are far more dire financially and economically than their window-dressed
scams would indicate, though washington’s no help, incompetent,
unknowledgeable, and ineffectual as they are (although fraudulent wall street,
aside from their consummate scammin’, is little better and probably overly
relied upon and light in those very areas one would expect to find profiency;
viz., finance and economics.) Most importantly, realize that if wobama’s
actions had not belied his words/campaign promises, the nation’s position,
though still ominous, would have been substantially improved.} ] Check out this inflation calculator:
http://www.albertpeia.com/inflationcalculator.htm
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Beneath
the Market’s Swings, Some Real Cause for Worry News
Jeff Cox August 11 (CNBC) — ‘So whether this equals, falls short of, or
exceeds the financial crisis of 2008 hardly seems to matter—investors are
afraid, very afraid, and the question as much as anything in the minds of many
market pros will be what soothes that fear. Analyst Dick Bove at Rochdale
Securities says he knows why: More restrictive capital requirements and
near-zero interest rates set at the Federal Reserve [cnbc explains] that make
lending neither easy nor lucrative, a trend that will make it difficult for the
economy to grow. “If one thinks through these limitations it can be seen that
banks must shrink their balance sheets and change their business patterns to
maintain their profits. What they are unlikely to do is to expand their lending
activities in order to grow the economy,” Bove wrote in a lengthy banking
analysis Thursday.“However, the Federal Reserve is suggesting that the economy
is unlikely to grow,” he wrote. “If the Fed is prescient, then banks are facing
higher loan losses, lower loan volume, and reduced margins on a wide array of
banking products. The outlook is not appealing.”“Even though the United States
is able to both print and borrow money, it is as bankrupt as the Europeans,”
Bove wrote. “Covering deficits and paying debt with borrowed funds, some of
which is newly printed, does not constitute meeting debt service
requirements.”…’
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed !
Previous, full moon and fraudulent wall street, get this, rallies on not as bad
as expected EU stress tests and better than expected google results but forget
the dire consumer (recession level) consumer sentiment number ‘cause after all,
consumer spending just a paltry 70% of GDP.
Think about this: short-lived Pavlov dog rally (the conditioned
stimulus) on hopes for more welfare for wall street and some good results in
communist China. This despite the previous failure of QE for everyone but the
frauds on wall street and ultimately, though circumlocuted, at great taxpayer
expense. Titans of capitalism? How ‘bout the biggest unprosecuted frauds in the
world. Preposterous! Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Trade deficit up, growth predictions by fed
scaled down [ do you recall how many upside market points for the false, more
positive growth projections by the ‘no-recession’ fed, then there’s also the
costly, hyperinflationary failed QE hopes, more fed jawboning rallies the
frauds on wall street off their lows to keep suckers suckered – they all belong
in jail! Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter Gorenstein STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business Insider
Economic scenario far worse than expected (and in this pre-election year the
reality is still far worse than reported), yet stocks still rallied off lows to
keep suckers sucked in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys
time. Actually fixing the fiscal condition of Greece is not something that can
be solved in a matter of weeks, or even months… ‘ but
it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, Sean Hanlon ‘
As written in
my previous Market
Commentary on July 20, our research uncovered potentially dangerous
activity in the equity markets that could lead to a break and high
volatility. We presented this in that Market Commentary by the chart in
Figure 1 below. Using our proprietary research methodologies, we elected
to make a major “tactical” move on June 17.
That move
reduced all equity and high-yield bond exposure, creating 50% cash or cash
equivalent allocations across all portfolios. This defensive move was shown to
be prudent as volatility erupted and considerable downside was experienced in
equity markets in the first week of August, as shown in Figure 2.
Figure 1
(click image to enlarge.)
http://blogs-images.forbes.com/advisor/files/2011/08/11.jpg
With this
heightened volatility, we were observant that this market behavior was eerily
similar to market conditions in 2007. To elaborate on this point, let’s compare
the S&P 500 Index for 2007 vs. the first seven months of 2011. As you
can see below in Figure 2, 2007 experienced high volatility yet remained
range-bound in an upward trend (represented by the overlaid black bands).
Figure 2
(click image to enlarge.)
http://blogs-images.forbes.com/advisor/files/2011/08/2.jpg
The first half
of 2011 maintained a range-bound upward trend until finally breaking sharply to
the downside in the first week of August.
Of course now
everyone wants to know what happens next? Our research has no special
predictive power of what may happen now that the “trend” has been broken.
Instead, what our research is telling us is to remain extremely cautious at
this time. We have since moved client portfolios to almost 100% money
markets and/or cash equivalents in all accounts. We do maintain some high
quality bond positions.
You may think
“But I can’t make any money in money markets, they pay nothing these
days!” True enough, but there are many times in one’s investing lifetime
where the best investment is to simply maintain principal. That principal
amount will be able to potentially purchase more in the not too distant future.
A simple
example is stocks. On April 29 of this year, $1,340 purchased the
equivalent of one S&P 500 Index share. Today, to own those same
companies that make up the S&P 500 Index, the cost is below $1,200, yet the
same amount of dividends is being received. In this period preserving
principal has resulted in increased “investment” purchasing power, income and
potentially increased return.
Related article: Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 ‘
New Business Articles / Topics / Links
{scroll down to current
date, past links of continued, current importance}
All
truth passes through three stages. First, it is ridiculed. Second, it is
violently opposed. Third, it is accepted as being self-evident. --Arthur Schopenhauer
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
STOP ACTA
AND TPP http://albertpeia.com/stopactatpp.htm
Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The
hypocrisy of the war on drugs is outrageous when compared to the amount of drug
trafficking that benefits the CIA and international banking system. The son of
a convicted notorious mobster, John Gotti Jr, when asked in court if the family
still dealt drugs cracked, “No, we can’t compete with the government.”
Guest
Post: Counterfeit Money, Counterfeit Policy Durden
on 01/31/2012 Counterfeiting is
illegal because it is the false creation of value
The
Markets Since Their 2000 Highs: We're Not Bouncing Back
http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back
... [ Actually the picture is even worse if the real inflation rate
used. Wall street is total fraud and b***s***! Keep in mind, in addition to
loss of principal, the flux / worry takes its toll on health as well as
productivity. ] 02/02/2012 By Doug Short :
‘ January Effect in 2012
was quite strong, and the U.S. US John A. Logan College in Carterville ,
Illinois thetraderseye.com . In his
upcoming presentations, he wants to disprove the standard message of Wall
Street, "Don't worry! The market will always come back." I furnished
David with some charts, and I shared them with regular visitors to my Advisor
Perspectives pages. Specifically, David had asked for real (inflation -adjusted)
charts of the S&P 500, Dow 30, and Nasdaq Composite. So I created two
overlays — one with Complete
Story » [ The following are
important charts from Doug Short:http://albertpeia.com/3real2.png
http://albertpeia.com/3real3.png
http://albertpeia.com/3real4.png
I
Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent
Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm
News
Flash: The Rally Is Over…For Now The Wall Street JournalThis Is What An Economic Depression Looks Like In The
21st Century http://theeconomiccollapseblog.com http://albertpeia.com/21centurydepressiongreecedusup.htm
7-6-12
America’s
Coming Depression Posted by : Bruce
Krasting 06/17/2012 - 09:27
Happy Father's Day!
AMERICA ’S
FAILED ECONOMIC APPROACH IN A NUTSHELL (image courtesy of Dave Fry http://etfdigest.com )
: Well done, Dave! http://albertpeia.com/holytoledo.htm
Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html BANKS RALLY ON DOWNGRADES 6-22-12
It would appear the rating agencies are either “leading from behind” or
just don’t have much respect these days after they botched the mortgage crisis
{ As an aside, I thought Rodney
Dangerfield was absolutely hilarious in that great comedy classic, ‘Caddyshack’
and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }.
http://albertpeia.com/europeinsolvent.htm
http://albertpeia.com/toomuchdebt.htm
http://endoftheamericandream.com
http://albertpeia.com/americandreamdestroyed.htm
June 27,
2012 By gpc1981 http://albertpeia.com/eualreadybrokenup.htm
GOP: Ruling will hurt swing-state Dems in November { This
may seem somewhat counterintuitive and a bit of a rationalization; but, it is
absolutely true. So true in fact, that wobama will come to be compared to
Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t
do for americans and the economy and what it actually does will not have the
galvanizing effect that striking the bill down would have had on voters who
were thinking ‘another free lunch from the government’ will save them (we all
now know better, no such thing). Yes, in somewhat European tradition, defacto
bankrupt america Europe
(and any other nation that’s tried it). In the final analysis, this and such
programs as the contraindicated bailouts for the unprosecuted frauds on wall
street, etc., will prove to be the ‘camel-back breaking’ moment for america;
and, a pyrrhic victory for the egregiously failed president wobama. America’s
debt woe is worse than Greece’s News $211 trillion ’ … }
Jaw-dropping switch saves 'Obamacare' ‘In his White House
memoir, “Courage and Consequence,” Karl Rove recalls being the lone non-lawyer
among the group of George W. Bush aides who initially interviewed John Roberts
for the Supreme Court in 2005. Rove asked Roberts to go back in history to name
the justice whom he most revered. Roberts’ answer, Robert Jackson, intrigued
and reassured Rove. When appointed in 1941, Jackson I’d say that, like wobama,
Roberts on an attention-starved court of meaningfully lawless rules in a
meaningfully lawless nation was just looking for a legacy to hang a hat
on! So, while we’re all getting
‘greeked’, let’s get really greecey and immerse ourselves in greek lore and in
potus and scotus being the modern day equivalents of scylla and charybdis. }
http://albertpeia.com/15reasonsobamacareisadisaster.htm
Europe
Will See Deep Depression, Schoenberger Says
The
Great Crash Ahead with Author Harry Dent
http://albertpeia.com/anotherbiggestfinancialscandal.htm
http://albertpeia.com/20factsaboutwalmart.htm
{ All I can say now is
that in very ‘unamerican fashion’, my latest infrequent Walmart transaction was
absolutely fla This article is included as
a matter of first amendment principle! }
http://albertpeia.com/70reasonstomournforamerica.htm
White House on weak jobs report: Don’t ‘read too much’ into it Olivier
Knox, Yahoo! News { Riiiiight!
Sounds like a plan! After all, wobama’s gotten’ by on b***s*** and ‘special consideration’
alone, never having done anything of substance in his entire life. Indeed, even
his so-called ‘auto-biographies’ are works of what appear to be ‘choom-gang’
induced fantasies which reveal a psychogenic/dissociative amnesia that works
well in the continuing ‘narrative’ devoid of fact on his ‘more b*** s***
campaign trail’ littered with the cowpies of stark reality. People owe
themselves and their children more than this grifter’s con which in numbers
measures more than the increased deficits of all the presidents since President
General Eisenhower combined in his futile attempt to obfuscate his unequivocal
failure. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Obama administration repeats same jobs line — for the 30th
month
Dave’s
Daily: http://www.etfdigest.com VOLATILE HOLIDAY
WEEK 7-6-12 ‘The vacation and volume reduced week was anything but peaceful.
All things considered, the roller coaster ride continues. Friday’s employment
report induced sell-off was interesting given two things: either a plea for
more QE now or just a confirmation of descending economic conditions. As to the
former, the Bank of England WSJ
indicating the Fed is contemplating and deliberating more QE. That leak led to
some late day buying. Leading U.S.
http://theeconomiccollapseblog.com
http://albertpeia.com/neverenoughjobsinamericaagain.htm
‘ Well, we
just had another bad jobs report. The U.S. 85,000 U.S.
The headline to this article states that there will
never be enough jobs in America
How could that possibly be true?
Well, the sad truth is that it is very hard to make a
profit on an employee in the United
States
Every year, the control freaks that run things just
keep dumping more taxes, more laws, more regulations and more demands on
employers. Hiring even a low level employee today is very complicated and
very expensive.
These days a lot of small business owners have
decided that it is simply not worth the hassle to hire more employees. If
you can't make a profit on them, what is the point?
If there was going to be a major rebound in hiring,
we would have seen it by now. Corporate profits are at an all-time high
as I mentioned earlier. How much more money do they need to make before
they start hiring?
But I don't blame them. Our politicians have
loaded the system with plenty of incentives NOT to hire workers.
Yesterday, I wrote about how Barack Obama has been a
one man wrecking crew when it comes to killing jobs . But he is not the
only one to blame. The truth is that politicians from both political
parties have been making things more difficult for employers for decades.
Today, many employers are trying to replace as many
employees as possible with computers, automation, robotics and other forms of
technology. Those are jobs that are not ever going to come back.
However, sometimes human labor is still actually
needed.
But instead of hiring American workers, many big
corporations are taking advantage of the emerging "one world economy"
and are setting up shop in countries where it is legal to pay slave labor
wages.
So how are American workers supposed to compete with
that?
The truth is that they can't.
Today, you aren't just competing for jobs with your
neighbors. Your competition also includes millions upon millions of hard working
people on the other side of the globe that will gladly work 12 hour shifts in
nightmarish conditions for a dollar an hour.
The United
States
As a result, many of our greatest cities that were
once the envy of the entire world have become cesspools of filth, decay
and wretchedness .
We are going to continue to bleed jobs because both
major political parties are fully convinced that merging our labor pool with
the labor pool of the rest of the world is a grand idea.
Republicans have been brainwashed into believing that
a one world economic system is actually "conservative". They
have been told that it is "conservative" to merge our economy with
countries ruled by third world dictators and brutal communist regimes that have
no respect for human rights at all.
Democrats have been brainwashed into believing that
merging our economy into a one world economic system is "good for American
workers" and will bring more prosperity to this country.
Barack Obama is even negotiating a treaty right now that would
reportedly ban all "Buy American" laws.
How stupid can we be?
If we merge our labor pool with the labor pool of the
rest of the world with no protection, guess where our wages and our standard of
living is going to go?
The answer is obvious.
The "giant sucking sound" that Ross Perot
warned us about so many years ago has become a reality.
It is just basic economics.
If I go to the store and I see two similar products
and one is priced at $10 and the other is priced at $100 I am going to go for
the one priced $10.
Well, it is the same thing with employees.
U.S. workers
can't compare with low wage workers on the other side of the world. It is
simply no contest.
Meanwhile, our control freak politicians continue to
shove more jobs out the door by piling on even more taxes, rules and
regulations.
Unfortunately, these trends are not going to
change. It doesn't matter who gets elected. The bleeding of jobs is
going to continue.
In fact, we should probably be celebrating that
things are still as good as they are.
In the future they will be a whole lot worse.
The period we are in right now was supposed to be the
recovery. During the last recession the percentage of working age
Americans with jobs fell dramatically. Since the end of the recession,
that number has stayed remarkably flat....
Now the next major downturn is rapidly approaching .
When it hits, the unemployment rate is going to go
well up into the double digits.
At the moment, our failing economy is being propped
up by unprecedented amounts of debt .
When our debt-fueled false prosperity ends, the true
horror of the decay of our economic system will be revealed.
If you think it is hard to find a job now, you just
wait. What is coming is going to be a total nightmare. As I have
written about before, many years of pain are ahead.
But that doesn't mean that you have to lose hope.
On my website , people often share how their lives have been
absolutely devastated by this economy. Some of them are even so down that
they are considering giving up completely.
But that is the exact wrong response to all of this!
The reason why I try so hard to explain what is
coming is so that it will not be a surprise to people. If you make plans
and preparations now, the times that are coming will not overwhelm you. I
believe that there will be people that will be greatly blessed even in the
midst of what is coming.
However, millions of Americans that are not listening
to the warnings now will
The world is changing. Nothing is going to stop
that. The unprecedented prosperity that we have been rolling in is going
to shrivel up and go away.
But that does not mean that your life is over.
In fact, if you get yourself physically and mentally
prepared for what is ahead the times that are coming can be the greatest times
of your life.
One of my goals is to give people hope. There
is hope in understanding what is coming. There is hope in being
prepared. There is hope in being a light in the middle of the
darkness. There is hope in being willing to love people in the midst of a
world that is going crazy. The following is from a comment that one
reader left on a recent article ....
I wanted to thank you, the author of this article,
whoever you are. I haven’t completely ruled out killing myself but you’ve
certainly given me something to think about. And thank you for trying to give people
like me a little hope. A little kindness, even if only through words, is at a
premium these days especially in my life. I will think carefully about what
you’ve said. Best wishes to you and your efforts. God bless.
Everyone out there that is in a similar position -
please do not ever, ever, ever give up.
No matter how bad things look right now, there are
people out there that care.
One thing I have learned in life is this - there is
always a way that things can be turned around.
Sadly, in the future a lot of Americans are going to
give in to despair and will completely give up on life. We saw it happen
during the Great Depression of the 1930s and we are seeing this in Greece
But the truth is that your life is not over no matter
how bad things get out there.
You can let the times that are coming destroy you, or
you can make them the greatest adventure of your life.
The choice is up to you.
I urge you to get ready, to get more independent of
the system and to start focusing on the things that really matter in life.’
http://endoftheamericandream.com
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Have you ever heard the old saying "the beatings
will continue until morale improves"? According to Wikipedia , that phrase is often
"used sarcastically to indicate the counterproductive nature of such
punishment or excessive control over subordinates such as staff in the
workplace or children living at home." Well, apparently Barack Obama
believes that the more punishment that he inflicts on the U.S. America U.S. have steadily gotten worse . The
percentage of working age Americans that have jobs has not bounced back since the end of the last
recession, and now the next major economic crisis is rapidly approaching.
Thanks Obama.
The following are 10 ways that Obama is killing jobs
in America
#1
Blocking The Keystone Oil Pipeline
The Keystone pipeline would have created thousands of
new jobs. It would have stretched 1,700 miles from Canada to Texas Middle
East oil. It would have brought more than 700,000 barrels of
oil a day from the heart of Alberta to
refineries in Texas
It would have revitalized the economies of Montana , South Dakota , Kansas , Oklahoma , Nebraska and Texas
It would have helped reduce energy costs in the United States
It would have been good for America
But instead, Barack Obama chose to listen to radical
environmental groups and has blocked the plan.
So we all lose.
The lack of a coherent energy policy from this
administration has hurt all of us. Since Barack Obama entered the White
House, the price of gasoline has risen by about 84 percent .
Thanks Obama.
#2
Obamacare
As I wrote about the other day , Obamacare is going to kill countless
numbers of jobs.
Obamacare is going to require all businesses that
have at least 50 full-time workers to either provide very expensive health
insurance for their employees or pay a $2,000 penalty for each worker after the
first 30 employees.
This is going to do a few things....
1) It is going to encourage small businesses to stay
under the 50 full-time employee cap.
2) It is going to encourage some businesses to fire
workers because they are now too expensive to be profitable.
3) It is going to make businesses operating in the United States United States
But even though Obama knows all of this, he is
completely and totally unrepentant about this law. The following is a
statement that Obama made at a campaign event the other
day....
"I'll work with anybody who wants to work with
me to continue to improve our health care system and our health care laws, but
the law I passed is here to stay"
#3
Crippling Regulations
The Obama administration has been piling tons of new
regulations on to the backs of our businesses and this is absolutely killing
many of them.
The Heritage Foundation says that
"the Obama Administration imposed 75 new major regulations from January
2009 to mid-FY 2011, with annual costs of $38 billion. There were only six
major deregulatory actions during that time, with reported savings of just $1.5
billion."
In addition, right now federal agencies are working
on thousands more new regulations for U.S.
Just for Obamacare, 13,000 pages of new regulations have
already been written.
How in the world are U.S.
Sadly, our whole society has become absolutely
obsessed with regulations.
The following is a perfect example of the
"regulation mindset" that is pervading our society these days....
A Florida
Tomas Lopez , 21, was fired by his supervisor for
vacating his lifeguarding zone to save a man drowning in an unprotected area of
the beach in Hallandale Beach, Fla., on Monday, reports the Sun Sentinel .
Lopez' employer is not paid to patrol the zone where
the man had been in trouble.
Can you imagine a lifeguard being fired for saving a
drowning man because it was "not his zone"?
That story does not have anything to do with Obama,
but it does show the kind of mentality that control freaks such as Obama are
imposing on this nation.
#4 Taxes
Barack Obama keeps trying to hit us with sneaky new
taxes. There are more than 20 new taxes in
the Obamacare law alone.
Obama does not seem to understand the impact that
heavy tax burdens are having on businesses all over America Forbes article ....
The president’s (and congressional Democrats’)
insistence on higher net taxes is a job-killer in several ways: Higher taxes
prevent businesses from expanding and deter consumers from spending. Many
in the middle class already feel that taxes are extortionate and, fearing even
higher taxes, have decreased their spending, thereby reducing demand for goods
and services.
#5
"Free Trade" Agreements
Barack Obama has been prancing all over the nation
declaring that "free trade" will mean more jobs for American workers.
By now, hopefully you all know what a lie that
is. Every single year, the U.S. U.S.
jobs and U.S.
Because we have such radically unbalanced trade, our
formerly great manufacturing cities are turning into festering sores . Cities that were once
teeming with economic activity have degenerated into hellholes.
During 2010 alone, an average of 23 manufacturing
facilities permanently shut down in the United States every single day
Overall, the United States more than 56,000 manufacturing
facilities since 2001.
So why doesn't Obama do something about this?
Instead of reversing this trend, he says that he
wants even more trade with China
Well, right now the U.S.
spends about 4 dollars on goods and
services from China for
every one dollar that China
spends on goods and services from the United States
China hits our
goods with ridiculous tariffs and we let them get away with it. According
to the New York Times , a Jeep Grand
Cherokee that costs $27,490 in the United States
costs about $85,000 in China
And Obama wants more of this?
According to the Economic Policy Institute, America is losing half a million jobs to China
Do we really want to keep losing those jobs?
According to Professor Alan Blinder of Princeton University ,
40
million more U.S.
So what is the answer that Obama proposes?
He wants more!
The Obama administration has already made new
"free trade" deals with Panama ,
South Korea and Colombia the NAFTA of the Pacific ")
a very high priority.
In addition to killing millions of our jobs, that new
treaty would reportedly ban all "Buy American laws ".
What in the world is Obama doing?
#6
Killing The Coal Industry On Purpose
New carbon emission rules from the Environmental
Protection Agency seem to target coal-powered plants in particular. I
guess this fulfills Barack Obama's promise to kill off the coal
industry . The following is from the Washington Post ....
Industry officials and environmentalists said in
interviews that the rule, which comes on the heels of tough new requirements
that the Obama administration imposed on mercury emissions and cross-state
pollution from utilities within the past year, dooms any proposal to build a
coal-fired plant that does not have costly carbon controls.
“This standard effectively bans new coal plants,”
said Joseph Stanko, who heads government relations at the law firm Hunton and
Williams and represents several utility companies. “So I don’t see how that is
an ‘all of the above’ energy policy.”
#7
Wasting Money
Instead of spending our money in ways that would be
productive for our economy, the Obama administration continues to spend money
in some of the most wasteful ways imaginable. The following are just a
few examples from one of my
previous articles ....
-In 2011, the National Institutes of Health
spent $592,527 on a study that sought to figure
out once and for all why chimpanzees throw poop.
-The National Institutes of Health has spent more than 5 million dollars
on a website called Sexpulse that is targeted at "men who use the Internet
to seek sex with men". According to Fox News , the website "includes
pornographic images of homosexual sex as well as naked and scantily clad
men" and features "a Space Invaders-style interactive game that uses
a penis-shaped blaster to shoot down gay epithets."
-If you can believe it, the federal government has
actually spent $750,000 on a new soccer field for
detainees held at Guantanamo
Bay
You can find many more examples of this phenomenon here and here .
#8 Barack
Obama Encourages Government Dependence
At the same time that Barack Obama is absolutely
crippling small businesses, he is also encouraging more Americans to kick back
and become financially dependent on the federal government. But it is not
good to have tens of millions of Americans sitting around and doing nothing
productive for the economy.
Since Barack Obama entered the White House, the
number of Americans on food stamps has increased from 32 million to 46 million .
But for Obama that is not enough.
Amazingly, the Obama administration has been spending
millions of dollars on ads that
encourage even more people to go on food stamps....
The U.S.
The department is spending between $2.5 million and
$3 million on paid spots, and free public service announcements are also
airing. The campaign can be heard in California ,
Texas , North Carolina ,
South Carolina , Ohio ,
and the New York
Overall, the amount of money that the federal
government gives directly to the American people has increased by 32 percent since Barack Obama
entered the White House.
Barack Obama may enjoy playing Santa Claus with our
money, but this is getting way out of hand.
#9 Barack
Obama Has Fully Supported Federal Reserve Chairman Ben Bernanke And Actually
Nominated Him For A Second Term
More Americans than ever are coming to realize that the Federal Reserve is at the very heart of our
economic problems.
And who has been running the Federal Reserve during
these troubled times?
Ben Bernanke.
Sadly, Federal Reserve Chairman Ben Bernanke has a
track record of failure that is absolutely legendary. If you have
forgotten how badly he has performed over the years, just check out this article , this article and this article .
But instead of dumping him when his first term ended,
Barack Obama decided to nominate Ben Bernanke for another term.
Why does it seem like every single decision that
Barack Obama makes is bad for the economy?
#10 The
Soaring National Debt Is Killing Millions Upon Millions Of Future Jobs
The debt that Barack Obama is piling up right now
will haunt the U.S.
When Barack Obama first entered the White House, the U.S.
Amazingly, Obama has added more to the national debt
than the first 41 presidents combined
At this point, the United
States has more government debt per capita than Greece , Portugal ,
Italy , Ireland or Spain
But Barack Obama shows no sign of slowing down.
In fact, the federal government continues to steal approximately 150 million dollars from our
children and our grandchildren every single hour.
In the end, this is going to absolutely destroy our
financial system and our economy will collapse.
So what do all of you think about Barack Obama's
economic policies?
Feel free to post a comment with your thoughts
below....’
July 5,
2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm
‘It all boils down to Germany
I’ve (Summers) been forecasting for
months that the country will increasingly focus on domestic interests and that
it will ultimately opt to leave the Euro rather than prop up the EU.
The former (focusing on domestic issues)
is already underway.
Germany Plans Joint Federal-State Debt in Merkel
Fiscal Deal
Chancellor Angela Merkel agreed to share borrowing costs with
Germany’s states to help ease their budget squeeze ,
completing a deal the opposition said will help secure German ratification of
the European Union’s fiscal pact.
Germany’s federal and state governments
plan their first joint debt sale in 2013 to help the states meet the pact’s
deficit limits, the German government’s press office said in an e-mailed
statement in Berlin
Pressed by the Social Democrat-led
opposition that could block the stricter European fiscal rules in parliament, Merkel agreed to a policy she opposes in confronting
the debt crisis in the rest of the 17-nation euro area. She signaled her
rejection of joint euro-area debt as recently as June 23, saying “liabilities
and controls” must “go together.”
“We reached a solution that makes it
clear there will be approval” of the fiscal pact in the upper house of
parliament, Kurt Beck, the premier of Rhineland-Palatinate state and member of
the opposition SPD, said in an ARD television interview.
http://www.bloomberg.com/news/2012-06-24/germany-plans-joint-federal-state-debt-in-merkel-fiscal-deal.html
As for the latter development (Germany leaving the Euro), I believe that this
will occur once the EU Crisis spreads to France France , Italy ,
Spain , and Greece
So far the markets have been willing to
ignore the fact that Spain
and Italy France
By the look of things, this development
is not too far away. France
France ’s new Socialist government is embarking
on a series of risky experiments in business
Michel Sapin, the labour minister, has promised to make it so expensive for companies to
lay off workers that it will no longer be worth their while. Firms that fire
people while still paying dividends may be penalised. Another planned ruse is
to force companies to sell factories, presumably along with the brands
manufactured there, to competitors rather than close them down
Paris is full of rumours of
hasty departures. PPR, a luxury-goods group which owns Gucci and Yves Saint
Laurent, is reported to have plans to move its entire executive committee to
offices in London as soon as this summer. Technip, a global oil-services firm,
is rumoured to be about to move its official headquarters across the Channel.
(PPR declined to comment, and Technip said it has no plans to move for now.) To
the fury of a French member of parliament, David Cameron, Britain’s prime
minister, this week promised to “roll out the red carpet” for French companies
on the run from the new tax.
But the most important consequence of
stratospheric taxes will be less visible, at least at first. Marc Simoncini is
one of France
Tax is not the only threat to executive
pay. Last week Pierre Moscovici, the finance minister, announced that pay for bosses of companies in which
the French state holds the majority of shares will be capped at a flat rate of
€450,000 In some cases it will lead
to a 70% pay cut. Measures to limit pay at
fully private firms are expected before long.
http://www.economist.com/node/21557318?fsrc=rss|bus
As one would expect, the wealthy French
are fleeing the country.
Wealthy French Take Their Assets to London
It began in 2010, when wealthy Greeks started coming to London .
Amid fears that Greece might
leave the euro zone, they believed their money would be safe in Britain
Then rich Spaniards started arriving. They were following by well
off Italians, who at the start of the year overtook Russians as the biggest
group of foreign buyers snapping up property in London , according to a survey.
Whenever the euro crisis heats up
somewhere in Europe, the demand for expensive homes increases in Western Europe ’s largest city particularly among
well-heeled foreigners beset by asset angst.
London real estate agents are
like the canary in the coalmine for the debt crisis. They can sense early on
the next country to get sucked into the vortex. So who’s up next? Apparently it’s the French
Real estate agents have been aware of a
new wave of interest for months, but it’s been especially noticeable since Feb.
28. The night before, the then Socialist candidate for French president,
François Hollande, who famously said “I don’t like the rich,” announced that,
if elected, he would raise the top rate of tax on incomes over €1 million to 75
percent. At home, he got much applause for the announcement. But in London
“Since February, when Hollande announced his wealth tax, there has
been a large rise in web searches from French customers ,”
Liam Bailey, head of residential research at Knight Frank, recently told the
Daily Telegraph…
To meet the demand, the property company Douglas & Gordon has
just opened an office in South Kensington ,
where four native French speakers will be available to help out their
house-hunting compatriots. Hollande’s tax speech immediately led to a 40
percent increase in inquires from worried French citizens, says David Blanc
from the London
http://www.spiegel.de/international/europe/wealthy-french-flee-to-london-amid-fear-of-hollande-a-833814.html
French banks are already leveraged at
25-to-1. The impact of a capital exodus by the wealthy will rapidly push
leverage levels even higher. And given that French banks’ exposure to the PIIGS
is equal to 30% of French GDP, it’s no surprise that French banks are posting
some truly horrible charts.
I expect the EU Crisis to spread to France Germany will
With that in mind, I’ve begun positioning
subscribers of my Private Wealth Advisory for
the next leg down. We’ve already locked in over 30 winning trades this year by
finding “out of the way” investments few investors know about and timing our
positions to benefit from the various developments in Europe .
When you combine this with our
2011 track record, we’ve had 65 straight winners and not one closed loser since
July 2011. If you think this is sounds “too good to be true,” you can Click
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attention that we’ve decided to only make 100 more slots available before we
close the doors on this newsletter and simply start a waiting list. Already 70
slots have been reserved, leaving just 30 left. Private
Wealth Advisory and lock in one
of those last 30 slots… Click
Here Now!!! Best Regards,Graham
Summers, Chief Market Strategist , Phoenix Capital Research’
Submitted by Tyler Durden
Over a year ago we penned "QE
2 Was A Disaster: Here Is Why US Fiscal "Stimulus" Was A
Complete Failure As Well ", because, well, QE2 was a disaster, which is
important to remember as we are about to set off on the NEW QE as per
Hilsenrath, because apparently creating 80,000 jobs per month (with the S&P
a whopping 5% off multi-year highs) "Leaves
Door For Fed Wide Open " even though the Fed has shown beyond a shadow
of a doubt it is incapable of creating jobs and at best can ramp the Russell
2000 for a few months. But more importantly, a year later it is obvious that
the ARRA just kept on being wronger and wronger with each passing month, until
we get to today. We will spare readers our conclusion about ARRA architect
Christina Romer's (long gone from the administration for obvious reasons)
predictive powers, suffice it to say they are on par with those of the Fed
itself. Simon Black, using AEI data, reminds
us how the ARRA chart looks, one year later.
Submitted by Tyler Durden
Hillary Clinton just made a very memorable statement.
I do not believe that Russia
and China The
only way that will change is if every nation represented here directly and
urgently makes it clear that Russia
and China
So — exactly what price must Russia and China
Submitted by Tyler Durden
In the ongoing reincarnation of Lie-borgate (because
as Jon Weil reminds
everyone , this is nothing new under the sun, except for a few e-mails, and
a bottle of Bollinger), there is just one missing link right about now. From
Bloomberg, April
16, 2008 :
"It's
very important to us that we preserve the integrity of the figures," London If we find that people have been putting in figures which don't reflect
accurately their financial figures, the ultimate sanction is to throw them out
of the pond
And just so there is no confusion, from the NYT, June
6, 2008
The British Bankers Association (BBA) -- which
oversees the daily benchmark setting process -- in April announced that it was bringing forward its annual review of the
process. It stated that any member found to be deliberately
misquoting would be banned
So: Will the British Bankers' Association now ban
Submitted by Tyler Durden
With global PMI rolling over again, dimming
unemployment growth, and slowing EM Asia impacting global production, it is no
wonder than BofAML's economics team sees a dearth of 'feelgood' factors in the
market. In fact, as they note, further
rate cuts in the euro area and China along with around $500bn of NEW QE in this
quarter are priced into the market Easier monetary policy can only
cushion the blow from higher uncertainty in the US
and Europe US unlikely
that the cliff is fully priced into the markets and US
Submitted by Tyler Durden
Your one stop summary of all the notable bullish and
bearish events in the past week.
Submitted by Tyler
Durden on 07/06/2012
We have some good news for our German readers: in the
month of June, your implicit cost of preserving the Eurozone (read the PIIGS)
via TARGET2 funding of current
account and various other public sector deficits and imbalances amounted to
only €1 billion/day, down from €2 billion in June. We also have some bad news,
which is that Europe's negative convexity ticking inflationary timebomb (why
inflationary: Why
Germany's TARGET2-Based Eurozone Preservation Mechanism Is Merely A Ticking
Inflationary Timebomb ), which guarantees that with every month in which
nothing is done to undo the Buba's onboarding of liquidity risk, the risk for
an out
of control implosion of German, and implicitrly all European monetary
institutions, rises exponentially, and just hit an all time high of €729
billion . To everyone who naively believes that a deus ex
Submitted by Tyler Durden
A 10 point rally off the lows, thanks to a well-timed
Hilsenrath-rumor, dragged stocks up to their day-session opening levels (and unsurprisingly
perfectly to VWAP) and while bonds/FX/spreads all limped along with stocks in
the last hour, broad risk assets were
not as excited by the rumors as the NASDAQ and S&P seemed to be USD ripping higher Gold outperformed (down only 0.85% on the week) late-day surge
in stocks (which saw decent volume and average trade size as we crossed VWAP)
was accompanied by a collapse in volatility
Submitted by Tyler Durden
In a market which was left for dead with virtually no
hope of a CTRL-Peus Ex Machina, and which otherwise would have tumbled to close
at the lows, we realized that something was missing. In fact we noted it less
than an hour ago:
zerohedge @zerohedge
Need a
Hilsenrath rooomer
6 Jul 12
Reply Retweet Favorite
Sure enough, moments ago, with minutes left in the
trading day and week, here comes the Fed's favorite leaking scribe, advising
the market that not all is lost, and that Pavlovian dogs can, and in fact
should continue to salivate at ever poster of a half naked toner cartrdige.
Submitted by Tyler Durden
In a classic example of "speak of the
devil", we were barely done with hitting save on our earlier
article (in a series going back to 2011) describing the relentless (and
innovative) machinations conducted by GM to perpetuate the myth of swift sales
absorption when in reality it is nothing the age-old gimmick of channel
stuffing, that we got notice that General Motors was being sued by a group of
IPO investors (nursing losses of about 40%), for precisely this: "In
connection with the IPO, and in order to assuage concerns that GM was
predicting revenue based on production rather than actual sales, GM falsely
assured investors that it was actively managing its production by monitoring
its dealer inventory levels. Additionally, GM assured investors that in 2011 it
would improve inventory management, which would improve average transaction
price. These statements were false when made. In July 2011, reports began to
surface that GM had engaged in an extraordinary inventory build-up. In particular, an article published by Bloomberg on
July 5, 2011 revealed that GM may have been unloading excessive inventory on
dealers, a practice known as "channel stuffing," in order to create
the false impression that GM was recovering and sales and revenues were rising
Submitted by Tyler Durden
The last few days have seen some rather concerning
central-planning actions by Argentina "forbid individuals from buying dollars for
savings" forced action on Argentina's banks to lend out 5% of
deposits at rates well below inflation estimates in the next six months (strong-arming banks into subsidized loans to
businesses)
Submitted by Tyler Durden
In a follow-up to last
week's deep dive on the end of the US CapEx boom (and the possibility that the
Fed is out of bullets) and the growing hope
once again that the US can remain the 'decoupled' least
syphilitic-hooker-in-a-whorehouse supposed
housing recovery - as we noted here earlier . With credit and FX markets already signaling a
hope-less market, we wonder how long before stocks catch-down
Submitted by Tyler Durden
Update: BlackRock to restrict subscriptions into 2 Euro money
funds
We were the
first to bring news that overnight JPMorgan has halted investment in its
European money market funds following the ECB's decision to cut the deposit
rate to 0%. Now, it is Goldman's turn:
GOLDMAN
HALTS INVESTMENTS IN EURO GOV MONEY FUND AFTER ECB CUT GOLDMAN
SAYS MARKET CONDITIONS WILL DETERMINE WHEN FUND REOPENS GOLDMAN
DECISION AFFECTS EURO GOVERNMENT LIQUID RESERVES FUND
And finally the conclusion, which is rather obvious:
GOLDMAN FUND MEMO: EUROPEAN MARKET IN
`UNCHARTERED TERRITORY'
Submitted by Tyler Durden
For the last several days, I’ve been weaving between
northern Italy and Switzerland Europe ’s 26-country
‘borderless area.’ Based on Europe’s 1985 Schengen Treaty and 1997 Amsterdam
Treaty, you’re supposed to be able to drive from Tallinn, Estonia to
Lisbon, Portgual without so much as slowing down at the border. This is
not dissimilar from driving between states in the US
or provinces in Canada Europe descends into greater financial
and social chaos, leaders are starting to ignore these agreements which
guarantee freedom of movement across the continent.
Submitted by Tyler Durden
Zero Hedge readers know that we have long
followed channel stuffing trends at GM, whose month-end dealer inventory
hit a record (for the post-reorg company which is completely different
Submitted by Tyler Durden
For a while now we have suggested that, based on the
relationship between the Federal Reserve balance sheet and the ECB's, a 'fair' value for EURUSD is around 1.20 EURUSD now implies the probability of NEW QE now at
only 25% (and falling)
Have
Banks Been Manipulating Libor for DECADES? Posted by
: George Washington 07/06/2012 - 18:03 Regulators
Say Libor Manipulation Started in 2005 ... But Industry Veteran Closely
Involved in the Libor Process Says that the Rate Has Been Manipulated for 15
Years
There’s
a New Sheriff in Town | Christopher Conley, Sheriff of Carroll County NH
Announces Criminal Foreclosure Fraud Task Force Posted by:
4closureFraud 07/06/2012 - 16:08 Out of
the thousands of county sheriffs throughout America, one has the guts to stand
up for the people that elected him.
“Disaster
Made In Japan”: Whitewash v. Reality, Still Posted by:
testosteronepit 07/06/2012 - 12:30 Japan Inc. is still trying, but now protests erupt in the
streets.
Submitted by Tyler Durden
European
credit markets - sovereign, financial, and corporate - have all slumped
dramatically in the last two days - massivley underperforming the ever-hopeful
equity markets . Even though broadly European stocks (the BE500 or
STOXX) are only retraced by around 25% off their post-summit highs, individual
markets (and especially financials) have retraced almost 100% of the gains with
Spain's IBEX seeing its biggest 2-day drop in 7 months and closing unch anged from
pre-Summit levels. EURUSD is the story
though as it plunges to two-year lows at 1.2266 - over 400pips from its
post-summit euphoria highs
Submitted by Tyler Durden
And the hits just keep on coming. Just as we said
when it first broke, the Lieborgate scandal has considerably more play here and
the latest and greatest is, via Bloomberg:
Germany’s
Bafin Holding Libor Inquiry on Deutsche Bank: Reuters
The Deutsche Bank ADR has plunged by around 5% so
far. Following 'news' this morning that RBC didn't 'collude' but no denial of
the actual submission 'efforts' it would not surprise us to see the entire
spectrum of LIBOR submitters 'probed'.
Submitted by Tyler Durden
It seems IT professionals around the world are #failing as the
'glitch' that affected millions of account holders in the UK has leaped the
channel and spread across Europe to infect Sberbank - which just happens to be
the largest Russian bank. Via Bloomberg:
*SBERBANK CARDS NOT WORKING IN RUSSIA *SBERBANK SAYS WORKING TO RESOLVE TECHNICAL
MALFUNCTION :SBER RU
and from Interfax :
RUSSIA-SBERBANK-CARDS-MALFUNCTION MOSCOW Russia “All
cards are not being serviced,”
How many times did these glitches occur among the
world's largest and likely highest paid IT services groups before the European
financial crisis pulled back the curtain and showed the proximity of the
liquidty cliff for so many of the 'biggest' banks in the world?
Submitted by Tyler Durden
Shots for "fairness", "duty",
"fault" and any other crowdsourced suggestions. No shots for
"Solyndra", "Choom gang", "Eric Holder" or
"record part-time jobs." If recent history is any indication, look
for the S&P to slide.
Submitted by RANSquawk Video
Submitted by Tyler Durden
Every
government entity that reckoned it was moated from the market economy will be
snapped back to "discover" risk and consequence. Let's lay out the
dynamic:
1. Every government can only spend what its economy
generates in surplus.
... continued
Submitted by Tyler Durden
As politicians have become more and addicted to the
campaign contributions of 'special interest' groups, or as Charles Biderman of
TrimTabs analogizes: "The pusher owns the user", so the
representatives-of-the-people are no longer. The only solution Charles sees is to change our representative form of
government our government is "of the special interest groups, for the special
interest groups, and by the special interest groups".
Submitted by Tyler Durden
With today's payroll print hardly bad enough to
prompt instantaneous QE (as evidenced by the weakness in gold for now) and
increasing truth coming out of Europe which confirms our non-game-changing
EU-Summit calls; it seems S&P 500 futures remain confident about something
since they have only retraced 38% of
the EU-Summit hope rally So what is there left for ES? don't
think so ) Election cycle?
Submitted by Tyler Durden
And in the meantime, not a peep about any JPM,
Citi and BofA are BBA member banks , and had among the lowest fixing rates
during the period in question, and as Bob Diamond himself said, "everyone did it US gasp not US
Submitted by Tyler Durden
The chart below is a representation of the
Establishment Survey (B.1 )showing
workers in the Construction of Buildings Space, aka those who, as the name
implies, build buildings. At 1,213,500 workers, this was not only the lowest
number of 2012, but the lowest since May 2011, and is just 2100 workers above
the last decade lows. Perhaps instead of relying on the NAR's self-promotional
brochures and Housing Starts data which capture if and when a shovel has met
the earth, one should perhaps track how much actual demand there is for
building construction workers and how many jobs this critical component of the
economy creates. Sadly, as the chart below shows, not much.
Submitted by Tyler
Durden on 07/06/2012
UPDATE: Sell-off
gathering pace now. WTI lagging a little more now at $84.6 -$1.2 and ES
back at this week's lows as Gold has
retraced all its knee-jerk gains
The initial knee-jerk reaction is a closing of the hope-gap between stocks and gold
Submitted by Tyler
Durden on 07/06/2012
The June Non-farm Payroll number of 80,000 comes
below expectations of 100,000. Private payrolls miss even worse, at 84,000
below consensus of 106,000. Unemployment rate prints at 8.2%, inline with
expectations. U-6, or broad unemployment rose from 14.8% to 14.9%. According to
the household survey, jobs rose by 156,000 S/A and 1,387,000 Not seasonally
adjusted. The worst news is that the number is not
Submitted by Tyler Durden
With the revised consensus of the NFP number due out
in under 30 minutes at precisely 100,000 (because 99,963.333 and 101,492.5 are
not quite as round, memorable and thresholdy), we remind readers that in June
the average seasonal adjustment over the past decade comes to just over 1
million. These are 1 million jobs that do not exist but are merely added, or in
June's average case, subtracted from the actual number, to make them fit a
regression pattern. In other words, the marginal number that will determine
whether or not we have a NEW QE will be far less than 10% of what the
statistical adjustment to the actual June number itself will be.
Submitted by Tyler Durden
We are at that moment in time where Greece has capitulated and it is going to be
hanging or life imprisonment and Greece Greece Mount Olympus
Submitted by Tyler Durden European
Central Bank
Yesterday, the ECB took the rate on its deposit
facility to 0.0%. Today the money market casualities begin.
Steve
Forbes interview: Bringing Back America
Jul 6th, 2012 13:20 by USAGOLD
We’ve just posted a new interview of Steve Forbes by
Hera Research’s Ron Hera at USAGOLD’s Gilded Opinion page. In it he talks about
sound money and the gold standard being the surest road to curbing the federal
government’s animal spirits and bringing back America
Link
Share
Gold falls
after poor U.S. jobs report
Jul 6th, 2012 09:44 by News
July 6 (Reuters) — Gold initially rallied in response
to the report, touching a session high of $1,609.39 an ounce on the view that
the poor number would pile pressure on the Federal Reserve to ease monetary
policy further.
The metal then turned sharply negative, touching a day
low of $1,583.99 an ounce as the dollar rose to fresh five-week highs against
the euro, reducing gold’s appeal as an alternative asset to the U.S.
“The precious metals bounced strongly when the
(payroll) numbers turned out to be below expectations. But after all the data
is a bit mixed: it is not bad enough to suggest the Fed will go ahead with a
new round of quantitative easing but at the same time it is not good enough to
exclude it,” said T-commodity consultant Gianclaudio Torlizzi.
Quantitative easing by central banks devalues paper
currencies and should in theory boost investor appetite for hard assets such as
gold, traditionally seen as a hedge against inflation.
“While the ECB cut was near-term bearish for gold as
it weakened the euro, it may be more bullish longer term. Added global
liquidity with policy easing measures from the euro zone, China, and the Bank
of England
[Source]
Share
U.S. posts
weak 80,000 jobs gain in June
Jul 6th, 2012 09:41 by News
July 6 (MarketWatch) — The U.S. created just 80,000
jobs in June — about one-third of them temporary — as evidence hardened that
the economy has hit another rough patch.
The unemployment rate was unchanged at 8.2%, the
Labor Department said Friday.
The decline in job growth has raised the odds of further
Federal Reserve intervention in the economy. The central bank will hold its
next major meeting in late June and the Fed could launch a new program to buy
bonds to try to drive down interest rates.
06-Jul-12
09:13PM Will Europe Sink U.S. Stocks? ETFguide
04:45PM Markets, Economies, Central Banks All Out Of Power at Forbes 04:17PM Alcoa Earnings on Deck at Wall
St. Cheat Sheet 04:00PM STOCKS TUMBLE AFTER BAD JOBS NEWS: Here's What You Need To Know
Business Insider 04:00PM STOCKS FLOP AFTER BAD JOBS NEWS: Here's What You Need To Know
Business Insider 03:25PM Buzz on the Street: No Jobs for You, America! at Minyanville 03:00PM InPlay: S&P -16
holds on second test of support Briefing.com
02:17PM July 6, 2012 Market Summary at
Investopedia 01:55PM InPlay: SPX trades -1.3% lower on the day as large-cap sector
weakness in tech.- XLK, indutrials- XLI, energy- XLE, & materials- XLB
weigh following another monthly NFP miss Briefing.com
01:42PM InPlay:
Midday bounce attempt off support for S&P -15 and Nasdaq Comp -46 Briefing.com 12:48PM Bet with Bernanke: The House Always Wins at Motley Fool 12:29PM Dont Get Burned by Energy at
Motley Fool 12:21PM INSIDE LOOK: Alcoa Prepares to Kick Off Earnings Season at Wall St. Cheat Sheet 12:21PM 3 Dangerous Signs for Wall Street at
Forbes 12:12PM Market Rout Hits Gold, Oil, Stocks Alike at Barrons.com 11:50AM Noteworthy ETF Inflows: SPY, ABT, DIS, CMCSA at Forbes 11:50AM Noteworthy ETF Inflows: SPY, ABT, DIS, CMCSA at Forbes 11:41AM Noteworthy ETF Inflows: SPY, ABT, DIS, CMCSA at Forbes 11:40AM Index, ETF option volumes near midday optionMONSTER 11:26AM Index, ETF option volumes near midday optionMONSTER 11:23AM InPlay: Stock indices
extend slide under first hour lows -- Dow -161, S&P -15, Nasdaq Comp -43
Briefing.com 11:03AM U.S. Unemployment Show Global Growth Weaker Than Expected at Forbes 11:02AM No Bubble with US Treasurys Anytime Soon at Motley Fool 10:54AM Market Rout Hits Gold, Oil, Stocks Alike at Barrons.com 10:32AM Alcoas Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:30AM U.S. Jobs Report: Further Weakness May Hit Fragile Housing
Recovery at Forbes 10:26AM Market Rout Hits Gold, Oil, Stocks Alike at Barrons.com 10:16AM InPlay: Stock indices
slide to new session lows -- Dow -145, S&P -14, Nasdaq Comp -36 Briefing.com 09:54AM Deposit-Rate Cut May Help France; Spain a Bigger Question at The Wall Street Journal 09:42AM Alcoa Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 09:38AM InPlay: Stock indices
slightly extend opening declines -- Dow -112, S&P -11.5, Nasdaq Comp -20
Briefing.com 09:26AM Alcoa Second Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 09:12AM [video] Jobs Report: Meh at
TheStreet 09:08AM SPDR S&P 500 ETF and Bank of America Among Most Active
Stocks in Pre-Market Today on NYSE at
Minyanville 09:00AM Pre-Market Primer: US Hiring Misses Expectations, Only 80,000
Jobs Created in June at Minyanville
08:56AM Equity Funds' Biggest Weekly Inflows Since September Have $7B
Asterisk at Barrons.com
08:50AM SPX and INDU Updates: Choppy Market Expected at Minyanville 08:46AM Bears Retreat, But Not Very Far at
Forbes 08:42AM ES Support and Resistance for July 5 at Minyanville 07:56AM Morning Read: Spanish Yields Back To 7% at Barrons.com 07:44AM 10 Things You Need To Know Before The Opening Bell Business Insider 06:49AM [video] Day Trade Your Way To a Higher 401(k) at TheStreet 05:01AM Real Estate Pessimism Makes HCP A Big Fat Bargain at Forbes
CNSNews.com | The
number of women unemployed in June was 5,785,000, an increase of 780,000 from
when Barack Obama was inaugurated in January 2009 – at that time, the number of
unemployed women in the United States was 5,005,000.
After
weak jobs report, 4 more chances for Obama to show economic growth
FoxNews.com | That’s
what President Obama’s got left to prove he’s helped turn the economy around —
with just four more monthly jobs reports remaining before the November
election. Those reports could determine whether he gets four more years.
The Next
Imminent Bailout: Eminent Domain
Zero Hedge | It seems
that governmental efforts to save the underwater and ineligible homeowner from
his own fate are reaching fever pitch.
Is Mario Draghi Lying
Again?
Zero Hedge | The ECB
press conference perhaps sets him up for another banana-skin down the road.
The
Beatings Will Continue Until Morale Improves: 10 Ways That Obama Is Killing
Jobs In America
The American Dream | Have you
ever heard the old saying “the beatings will continue until morale improves”?
The Biggest
Financial Scandal In History?
Michael Snyder | We always
knew that the financial markets were rigged, but this is getting ridiculous.
The
Biggest Financial Scam In World History
Washington ’s Blog | Why Is the Libor Scandal So Important
to You?
(7-5-12) Dow 12,772
-124 Nasdaq -39 S&P 500 -13 http://albertpeia.com/todaysbusinesssummarylinks.htm
$84.45 (-54% for year 2008)
(RECORD TRADING HIGH $147.27) GAS
$3.40 (**The BTU-adjusted price of E-85 is the nationwide average price of E-85
adjusted to reflect the lower energy content as expressed in British Thermal
Units - and hence miles per gallon - available in a gallon of E-85 as compared
to the same volume of conventional gasoline…’ so adjusted=$4.00 – higher real
than quoted price for respective states including CA, infra – another
manipulation for the ‘feel good’ effect despite the inflationary over-printing
of weimar dollars/currencies)(reg. gas in LAND OF FRUITS AND NUTS $3.83 REG./
$3.93MID-GRADE/ $4.02 PREM./ $3.93 DIESEL )
/ GOLD $1,579 (+24% for year 2009) / SILVER $26.95 (+47% for year 2009) /
PLATINUM $1,439 (+56% for year 2009) Metal News for the Day / DOLLAR= 79 EURO, 80 YEN, .64 POUND STERLING,
ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.57% AP Business Highlights ...Yahoo Market Update…
T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic / International
This
Is a Secular Bear Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data
This Depression is
just beginning The coming
depression… thecomingdepression.net
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME!
http://albertpeia.com/areyouaslave.htm
June 29,
2012 By gpc1981 http://albertpeia.com/noeugamechangers.htm
http://albertpeia.com/kicksinthecandowntheroad.htm
http://albertpeia.com/empburst.htm
Murdoch Dissatisfied With
"Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter.
"Tough O Chicago ‘…those who put their
trust in proven failure wobama, all they have to show for such misplaced trust
are broken campaign promises, now insurmountable record deficit spending
exceeding all the presidents since Eisenhower combined to obfuscate what
clearly has been wobama’s unequivocal failure...’ ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
(Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s
debt woe is worse than Greece’s News $211 trillion ’ … )
POLL: Obama
drops 8 points with whites... ... 13-point
plunge among young voters
Obama Asks
People Getting Married To Forgo Gifts... Donate
To His Campaign Instead... AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the United States Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. ] Will accept
your birthday or anniversary gifts, too...
[ I’d say rupee is
full of poopee and a bit mixed up and ‘all over the place’ in his (senile)
‘thought process’ as he seeks to cover all bases! Murdoch endorses McCain www.guardian.co.uk
›
Sep 9, 2008
– Rupert Murdoch may have
told his biographer that he favoured Barack Obama rather than Hillary Clinton
because he'll sell more papers but ...
www.huffingtonpost.com/.../new-york-post-endorses -mc_n_124730....
Sep 8, 2008
– Back in May, NewsCorp CEO Rupert Murdoch
admitted that he had "played a role" in the decision of the New York ...
finance.yahoo.com/.../Barack-Obama’s-Unlikely-Supporter-Rupert-'F...
May 29,
2008 – Murdoch's
not-quite-but-almost endorsement of Barack
Obama for ... Murdoch
added that after a long career in the Senate, McCain
had been ..., etc…
] }
{ In sum, to conclude,
though comfortably familiar to aussie murdoch, himself the product of penal
colony progeny in what has now tanta essen wis
CHICAGOLAND:
7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home... MCCONNELL:
'Sold to American people on a deception'... CURL: Gift
to Romney... { This may seem somewhat counterintuitive and a bit
of a rationalization; but, it is absolutely true. So true in fact, that wobama
will come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of
what this legislation won’t do for americans and the economy and what it
actually does will not have the galvanizing effect that striking the bill down
would have had on voters who were thinking ‘another free lunch from the
government’ will save them (we all now know better, no such thing). Yes, in
somewhat European tradition, defacto bankrupt america Europe
(and any other nation that’s tried it). In the final analysis, this and such
programs as the contraindicated bailouts for the unprosecuted frauds on wall
street, etc., will prove to be the ‘camel-back breaking’ moment for america;
and, a pyrrhic victory for the egregiously failed president wobama. America’s
debt woe is worse than Greece’s News $211 trillion ’ … }
HISTORIC:
HOUSE VOTES HOLDER IN CONTEMPT... DEM HOODIED
BLACKS PLUS WALK OFF FLOOR... Pelosi
botches name of slain border agent...
Adult
Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...
ZIMMERMAN
PASSED POLICE LIE DETECTOR... REPORT... Syringes
litter NYC beach...
ZOMBIE: Man
who took synthetic drug strangles dog, starts eating it...
POLL: Obama
drops 8 points with whites... ... 13-point
plunge among young voters
VIDEO: Obama
Trips At Campaign Event In Tampa...
ZOMBIE:
Naked man bites off chunk of arm...
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest... WAR ZONE: 7
Killed, Dozens Wounded During Obama Visit to Chicago... More killed
this year than in Afghanistan... Bill Maher:
'The Problem With Racism Is Matt Drudge'...
U.S.
Cannibal Updates: Doctors release first photos of Miami cannibal victim... **WARNING:
Extremely graphic** [ See
here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]U.S. CANNIBAL UPDATES:
'Zombie
Bullets' In High Demand Following Cannibal Attacks... COPS: Attacker
bit off large chunk of victim's face in bloody assault... UPDATE:
SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT... NEW: Man
Threatens To Eat Cop... 'Growled,
opened and closed his jaw'... Woman bites
wig shop owner’s bicep, spits flesh in face... L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6,
2012 { When are people going to
awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1
year old baby who unlike hoodie trayvon martin killed in self-defense (from
niggers) was not a thief and was totally innocent? The tragic outcomes for
ignoring the threat of the uncivilized niggers!
}
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
July 3,
2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm
http://endoftheamericandream.com
http://albertpeia.com/nolegalsystem.htm
{ The unfortunate reality
is what I’ve alluded to in the context of my own direct experience; viz.,
america’s ‘legal system’ is an illegal system used to cover-up crimes,
arbitrarily enforce laws to apply pressure, etc., and essentially run by the
inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/ fbimartinezcongallard.htm }
http://albertpeia.com/americaonfire.htm
Moody's downgrades 15 major global banks
June 21,
2012 By gpc1981 http://albertpeia.com/germanypullout.htm
http://albertpeia.com/datamining.htm
{ They forgot to throw in pervasively corrupt,
defacto bankrupt america
Durden { http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm }
http://albertpeia.com/shockingtruthofunemploymentinamerica.htm
GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL
PLUNGE 43% By
Mamta Badkar | Business Insider
http://finance.yahoo.com/news/gary-shilling-profits-plummet-stocks-203000738.html
http://albertpeia.com/shillingsaysstockswillplunge43percent.htm
April 11,
2012 By gpc1981 http://gainspainscapital.com
http://albertpeia.com/europecollapseinmayjune.htm
27
Statistics About The European Economic Crisis That Are Almost Too Crazy To
Believe http://albertpeia.com/27statsofeueconomiccrisis.htm
Failed
Wobama model illustrated: 16 Reasons To Move Away From California
http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
April 23,
2012 By gpc1981 [ http://albertpeia.com/spainpain.htm ]
h ttp://albertpeia.com/ 22signs spainheadingintogreatdepression.htm
http://spainbanksystemsecrets.htm
http://albertpeia.com/classwarfare.htm
http://albertpeia.com/95percentofjobslostmiddleclass.htm
http://albertpeia.com/21unansweredquestions.htm
BIN LADEN
WAS ALREADY DEAD Bin
Laden: Everyone Is Missing the Big Picture http://albertpeia.com/binladenwasalreadydead.htm
: George Washington 04/30/2012
...
Read full
article http://albertpeia.com/binladendeadandonicesince2001.htm
http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm
{ The truly astounding thing here is that without exception, these
respective nations, from largest to smallest, can’t even manage themselves,
their own nations properly, efficiently; and then there’s the inevitable
corruption, ‘bigger and better?’. Come on! More obfuscation! In a world such as
this, human nature being what it is, ‘bigger is definitely not better’! They’re
pushing on a string! Time for accountability! Time to pay the piper!
Additionally, people must come to grips with the reality that wobama hasn’t the
slightest idea what he’s doing; hence, the over-vacationed teleprompter reader
whose ‘handlers’ have literally taken over policy, with some ‘slick’
maneuvering to try and repackage him; ultimately to no avail inasmuch as his
disastrous results at home and abroad speak volumes. If only he had done what
he said he was going to do last campaign, this nation and the world would have
been in a better position today! }
me".’
Military
Winning War Over Pensions Bruce
Krasting 05/02/2012 Why is the Military
Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm
Eric
Holder To Be Held In Contempt Of Congress?
http://albertpeia.com/ericholderincontemptofcongress.htm
http://albertpeia.com/100millionworkingageamericansdonthavejobs.htm
May 4, 2012 By gpc1981 http://albertpeia.com/sharpcorrectioncoming.htm
http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
Durden http://albertpeia.com/notinlaborforce.htm
Some pictures for the past quarter http://albertpeia.com/42712pics.gif
ZeroHedge.com http://albertpeia.com/5reasonsforcautioninusequities.htm
http:// albertpeia.com/ wobombanation.htm
Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm
fedupusa.org | The
essence of debt serfdom is debt rises to compensate for stagnant wages.
Infowars.com | Ground
up dead baby fetuses… just business as usual. {
Well, let’s not kid ourselves; there’s likely canabalism in wobama’s
line! How totally disgusting. I’ll never drink pepsi ever again! }
http://theeconomiccollapseblog.com
http://albertpeia.com/countdowntoeurobreakup.htm
The
Way The Pentagon Is Predicting Your Potential To Become A National Threat Is
Frightening Business Insider |
Tom Cruise made “pre-crime’” a futuresque and controversial method of law
enforcement in the 2002 movie Minority Report. { The business of war … now you
know, along with the frauds on wall street, where all your tax dollars went and
how the nation’s insurmountable debt-load and defacto bankruptcy came to be… http://albertpeia.com/wherehaveallthetaxdollarsgone.htm } Officials:
Al-Qaida underwear bomber worked for CIA
http://albertpeia.com/financialworriesabouteurope.htm
24
Facts That Prove That America Is A Nation Of Slobs http://albertpeia.com/24factsproveamericaanationofslobs.htm }
J.P.
Morgan has significant credit portfolio loss May 10th, 2012 by News MarketWatch
MK comment:
J.P. Morgan Reveals 'London Whale'-Size Losses
Surprising
JPMorgan loss hits stock market late NEW YORK
(Reuters) - Stock index futures fell sharply on Thursday evening as JPMorgan
Chase & Co stunned investors with news that its chief investment office had
incurred "significant mark-to-market losses...
Marc
Faber Sees A 1987-Like Crash Approaching www.zerohedge.com http://albertpeia.com/chinamerica.htm
http://albertpeia.com/collapseofderivativesmarket.htm
Lot of whistling down
there on wall street as ‘WALL STREET DOES BROADWAY’ (not Main Street mind you,
they’re for screwin’) … Rogers and Hamerstein to be exact with their recurring
theme going thusly:
Whenever the frauds on
wall street feel afraid,
Their penises get erect
(for screwin’ someone other than their deserving selves),
They whistle a happy
tune,
So no one will suspect,
They’re afraid.
While shivering in their
shoes,
They strike a fearless
pose,
And whistle a happy tune,
So no one will suppose,
They’re afraid.
Yeah, lots and lots of
whistling on fraudulent wall street. So uniquely fashioned to their task of
obfuscation and fraud, even Humphrey Bogart would have found Lauren Bacall’s
instructive direction for same as wanting in comparison (not everyone will get
this…famous, but strictly unreal cinematic show biz, not the live fraud biz of
wall street fame). I believe much of this soft shoe song and dance was for the
‘benefit’ of european markets which are hopelessly in the throes of their own
confrontation with reality, which despite all the whistling is all going to get
much worse than feared, fearless poses notwithstanding (see infra).
It is here where wobama
not doing what he said he’d do last campaign littered with his jive-talking
b***s***!
Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary
on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds
on wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Facebook co-founder Saverin renounces citizenship
http://albertpeia.com/collapseofderivativesmarket.htm
http://albertpeia.com/insanelyoptimistic.htm
http://albertpeia.com/hopelesscluelesscalifornia.htm
Failed
Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
http://albertpeia.com/chinabuyingamerican.htm
http://albertpeia.com/endofeurozone.htm
http://albertpeia.com/greekbankrunsgoeurope.htm
http://albertpeia.com/18signseuropebankcrisisbadtoworse.htm
http://albertpeia.com/greekbankingsystemdying.htm
http://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm
http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The
Elite Believe That You Are Ruining Their Planet And They Want You To Stop
Reproducing {
First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant
species descended from initially notochords, primitive chordates, and
relatively more recently primitive apes. http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/obamas5trilliondollarlie.htm
{ I disagree to the extent that this economic
scenario is posited as anything but presently already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To Meltdown
http://albertpeia.com/fedecbcantstopcomingcrash.htm
http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm
{ The one ‘glass
half-full’ thing that’s going for them is that perma-bull Cramer is so wrong,
so often, in very big ways; yet, realistically one must admit that if cramer’s
saying so, it’s many times worse! }
http://albertpeia.com/eurosend.htm
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET,
IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES ( Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson
wins Oscar for Documentary on the unprosecuted massive extant fraud in the
(many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand
that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) Cases against Wall Street lag despite
Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES
(WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA
KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five Trillion
Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the
economy is already in depression in real
terms when taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To Meltdown WOBAMA ET ALS’
DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL,
COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT
MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S
UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS
PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery
in the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS May 24, 2012 http://albertpeia.com/dave.htm
{ Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsofusdebt.htm ‘We have all been
lied to. For decades, the leaders of both major political parties have
promised us that they can fix our current system and that they can get our
national debt under control. As the 2012 election approaches, they are
making all kinds of wild promises once again. Well you know what?
It is all a giant sham. The United States has gotten into so much debt
that there will be no coming back from this. The current system is
irretrievably broken…#32 Professor Laurence J. Kotlikoff, the U.S. is facing a
"fiscal gap" of over 200 trillion dollars in the future. The
following is a brief excerpt from a recent article that he did for CNN 56 trillion dollars $683,000
http://albertpeia.com/usacommunistchinacolony.htm
{
A sure sign that the communist Chinese have lost their edge; I mean, rationally
speaking, who’d want to? }
[
Related: Why
Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil
And Gas Deposits Worth Billions Of Dollars?
http://albertpeia.com/chinabuyingamerican.htm
]
http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm
Submitted by Tyler Durden http://albertpeia.com/everyonenowasellerofusstocks.htm
"Expect the S&P500 to
decline decisively below its March 2009, 666 intraday low. All hope will be
crushed ."
http://albertpeia.com/sp500todeclinebelow666.htm
http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm
http://albertpeia.com/endgamecollapse.htm
http://albertpeia.com/laborparticipationratechartfromdave.jpg
June 1,
2012 By gpc1981 http://albertpeia.com/contraindicatedqe3aintcoming.htm
http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm
http://albertpeia.com/eusystemicrisk.htm
http://albertpeia.com/americaindeclineandloweredexpectations.htm
Submitted by Tyler Durden {
Riiiiight! What a dumb thing to say … after all, Who’s going to bail out the
US, who’s going to clean up the mess they call US - The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
(Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s
debt woe is worse than Greece’s News $211 trillion ’
… }
Dave’s Daily: http://www.etfdigest.com BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There
wasn’t much in the way of “hard news” to account for Wednesday’s large stock
market rally … warm-up acts for Thursday’s Bernanke’s congressional
speech.Below is a quote in the conclusion of Richard Fisher’s (Dallas Fed
President & non-voting member) speech which was little noted but struck a
nerve nonetheless with yours truly: “And there is a growing sense that we are unwittingly, or worse,
deliberately, monetizing the wayward ways of Congress. I believe that were we
to go down the path to further accommodation at his juncture, we would not
simply be pushing on a string (in other words, futile) but would be viewed as
an accomplice to the mischief (corruption, fraud, incompetence, malfeasance,
etc.) that has become synonymous with Washington…’
June 6,
2012 By gpc1981 http://albertpeia.com/eufinished.htm
The
Criminal Banking Cartel's End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu 06/07/2012 The end game of this global monetary crisis is the
imposition of a 100% digital monetary system that would permanently end what
little economic freedoms we still retain today. Educate. Resist. Fight...
http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article
which I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
Dave’s Daily: http://www.etfdigest.com MARKETS RALLY
ON LIGHT VOLUME 6-8-12 ‘Markets started the day off weakly then rallied late
because…wait for it, Spain is rumored to be willing to ask for help, and Obama
said European leaders face an “urgent need to act”. No, you can’t make this
kind of stuff up. His statement is about as effective as a Kofi Annan Syrian
peace plan. Search as I may, there seems to be little hard news to explain
Friday’s rally.
http://albertpeia.com/70badfactsaboutuseconomy.htm
Hollywood
trip marks Obama's fundraiser President Obama Vacations Most http://www.mostwatchedtoday.com/president-obama-vacations It seems like every week
president Barack Obama is on another vacation or playing games. When does he plan to start fixing things here in
the United States? { Between fundraisers
and vacations, did he expect the nation to miraculously mend itself? Did he
forget all his campaign promises? (Short answer: yes – longer answer: that was
just part of his con / grift). The audacity in light of the foregoing for him
in this election year to blame everyone else for his b***s***/unequivocally
failed tenure as president. Note the last minute election-year desperation of
wobama finger-pointing, etc.. Then there’s moochell obama… ‘ Expensive
massages, top shelf vodka and five-star hotels: First Lady accused of spending
$10m in public money on her vacations’
By Daily
Mail Reporter Read more: http://www.dailymail.co.uk/news/article-2029615/Michelle-Obama-accused-spending-10m-public-money-vacations.html#ixzz1xGRC32Vk ( What grifters/cons the wobamas are! They
should be ridden out on a rail! ) } http://albertpeia.com/heavilyvacationedatgreatcosttonation.htm
http://albertpeia.com/economiccollapsenotsingleevent.htm
http://albertpeia.com/reinforcementoffailure.htm
Dave’s Daily: http://www.etfdigest.com BULLS ARE EXPECTING MORE FED QE 6-12-12
‘“I’ve been in favor of pretty much any accommodative policy I’ve heard about,”
said Charles Evans, President of the Chicago Fed on Bloomberg TV. What a
remarkable statement? (Actually, he says this kind of stuff all the time.) Using
his logic you could take anyone off the street and get something accommodative
Evans would sign off on. .. Investigate, and try as I might, there isn’t much
reason to rally beyond the powers of the Fed’s printing press and some oversold
conditions. As mentioned previously, let’s not forget quad-witching Friday and
portfolio manager bonuses due at quarter end. Sure it’s cynical but it’s a
fact. The roller coaster ride of uncertainty continues causing investors to
sell and shorts to be squeezed. It’s a manipulated algo driven affair. So it’s
no wonder many investors have fled markets seeking safety in bonds or mattress
money generally. .. ( from Dave’s Daily: http://albertpeia.com/dave.htm )
Americans' net worth falls 40% from 2007-2010
The
Unavoidable U.S. Reality: The Upcoming Economic Collapse James Wood is devoted to analyzing markets and where our
economy is going. He believes that the next few years will be some of the
toughest we have had since the Depression which started in 1929.
Just in!
Beat the devil(s)! No, not that Humphrey Bogart film from years ago of that
same title; but rather, beat the devils as in jersey devils, as in LA Kings
just beat the devils of that sordid, corrupt, mob-overrun, disgusting state of
new jersey. I hope I don’t sound like a ‘fair-weather fan’, but I’m now an LA
Kings fan for life! Congratulations to the Champion LA Kings! { I really hate new jersey! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
Jerry Sandusky’s defense could be histrionic
personality disorder [ Come on! A
psychiatrist/psychologist would be accused of malpractice for such a diagnosis;
clearly more than self-dramatization and an exaggerated display of emotions on
the part of sweet sandy...Sobbing witness, 18, details sex abuse in Sandusky
trial { The defense: just a frolicking, cornholin’, fun-loving man-child; that
sweet sandy was! Riiiiight! ‘… "After cracking my back and rubbing his
hands down the back of my shorts and blowing on the stomach, he, he put his
mouth on my privates," the man said, holding back sobs as a silent
courtroom listened. "I didn't know what to do. With all the thoughts
running through my head I kind of blacked out, I didn't want it to
happen," the witness added. The witness began to cry and said Sandusky
later had forced him to put his mouth on the coach's genitals…’ } http://albertpeia.com Crying witness gives graphic Sandusky account Witness: I saw Sandusky in the showers with a boy ]
http://endoftheamericandream.com
http://albertpeia.com/howtodietime.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of
man. }
[
12
Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order
are in no real position to mock anyone, so mockable as they indeed are, as the
incompetent vegetables that they in fact are, who have been the very architects
of ultimately their own and the planet’s decline, fall, and demise. Yet, there
is no question but that the ‘masses’ so mocked, deserve to be mocked, having
embraced their dismal fate at every turn; viz., their embrace of ‘political
correctness’, though contraindicated, as, ie., the embrace of the violent,
destructive nigger who literally would have them for dinner, or the compulsion
to embrace that which the state says is right, though contraindicated, for
political expedience owing to failure fed (including the incompetent missteps
of the failed fed) desperation, ie., gay marriage, etc., contrived wars /
conflicts, among other clearly observable, self-interested behavior of people,
companies, nations, including the gargantuan bailed out frauds on wall street
to everyone’s (but the frauds’) detriment, still unprosecuted. That the
jive-talking, b***s*** artist/grifter/con-man obama has not been held to even
one of his former now broken campaign promises and is embraced by those foolish
enough to believe more of the same is testament to how deserving of mocking the
masses truly are (people should be outraged and wobama should be ‘ridden out on
a rail’). Make no mistake; the reality is that the ‘new world order’/so-called
‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do
anything right as they’ve now proven time and time again. As I previously said:
PrisonPlanet.com | Facebook
has deleted my account for no reason and is demanding my passport. Social
networking websites routinely censor alternative media. Another fantastic
reason to sign up at Planet Infowars. http://albertpeia.com/37responsestofacebookdeletesaccountdemandspassport.htm
htt p://albertpeia.com/onepointsix trillionmoredebt.htm
http://albertpeia.com/10thingswecanlearnpreparefromgreekeconomiccollapse.htm
Submitted by Tyler Durden http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
Spain
Just Gave Us a Glimpse Into the True State of the EU Banking System Posted by:
Phoenix Capital... 05/31/2012 - 13:55 This is
the state of affairs in Europe: bankrupt nations trying to bailout bankrupt
banks or looking for bailouts from funds that are backed by other bankrupt
nations.What could go wrong? http://albertpeia.com/truestateofeubankingsystem.htm
http://albertpeia.com/18examplesofnannystategonewild.htm
http://albertpeia.com/taxesyoupaytheirway.htm
{As I’ve previously said, President
Romney would be less than rational to tell his tax advisors ‘to take a dive’
when it comes to his financial planning. Importantly, it should be noted that
up to now, President Romney has not been part of the federal system (unlike
obama, kerry, etc.) that sets federal tax policy / laws.}
Submitted by Tyler Durden
“I am
concerned for the security of our great Nation; not so much because of any
threat from without, but because of the insidious forces working from within.”
’ http://albertpeia.com/dave.htm
Forget
the Upcoming Elections… Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm
http://albertpeia.com/25signssmartmoneywriteoffsoeu.htm
http://albertpeia.com/eushatteringeubonds.htm
May 23,
2012 By gpc1981 http://albertpeia.com/greecesecondbailouteuimplosion.htm
‘Jersey
Boy Bruce’, Stalwart Wobama Supporter, Will He Change the Words to: ‘Wasn’t
Born in the U.S.A.’ , ‘Wasn’t Born in the U.S.A.’ Say
it isn’t so ,‘Jersey Boy Brucie’! Sing
it Brucie: Not
born in the usa, Not
born in the usa, O’s
not born in the usa, O
wasn’t born in the usa! breitbart.com | Obama’s publisher reveals more
evidence Obama in violation of the Constitution. Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16
Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace
as Kenya, Suddenly Changing it to Hawaii in 2007 Ahead of Bid for Highest
Office
Infowars | Obama’s
own authorized biography while president of the Harvard Law Review says he was
“born in Kenya.”
Paul
Joseph Watson | Establishment media pulls stunt in effort to
diffuse ‘birther’ controversy.
Establishment media pulls stunt in effort to diffuse
‘birther’ controversy
Paul
Joseph Watson Infowars.com Friday, May 18, 2012
The establishment media hastily seized on yesterday’s
explosive story about a literary publication listing Barack Obama’s birthplace
as Kenya in an effort to claim that the 1991 brochure was the “origin” of the
entire ‘birther’ issue. In reality, evidence that Obama was born in the African
country is abundant.
A literary agent’s promotional text for a 1991
brochure released
yesterday by Breitbart.com states Obama was “born in Kenya and raised in
Indonesia and Hawaii.”
Yahoo
News , along with a deluge of other mainstream news outlets, responded by
reporting that the document was potentially the “source” of the birther
controversy and had merely been a mistake.
The literary agent who wrote the description, Miriam
Goderich, now works with Dystel & Goderich agency, which lists Obama as one of its clients .
Unsurprising therefore that Goderich hastily claimed listing Obama’s birthplace
as Kenya was “nothing more than a fact checking error.”
However, evidence to indicate that Obama war born in
Kenya is plentiful and it goes significantly beyond the 1991 version of the
brochure.
- Despite claiming the passage about Obama’s
birthplace being Kenya was a mistake, the listing still maintained that Obama’s
birthplace was Kenya until after Obama became a U.S. Senator. “Goderich’s
statement fails to explain why the “fact checking error” persisted for sixteen
years, through at least three different versions of Jane Dystel’s website, and
through at least four different versions of Obama’s biography,” reports
Breitbart.com .
- The literary agency also updated
the text in June 1998 , but the part about Obama being born in Kenya was
retained.
- The text was again updated in February 2005 to
reflect the fact that Obama had become a Senator, but Kenya was still listed as
his birthplace.
- After an April 2007 modification of the text, the
passage still read Obama, “was born in Kenya.”
- As
Steve Boman reveals , the Dystel & Goderich agency asks its clients to
submit their own biography, meaning it’s virtually impossible the listing of
Obama’s birthplace as Kenya could have been a “fact checking error” on behalf
of the literary company itself.
- During a speech about HIV, First Lady Michelle
Obama said she and Barack Obama “visited his home country of Kenya.” Watch the
clip below.
- In 2008, Obama’s paternal step grandmother
appeared to indicate publicly that Barack Obama was born in Kenya. In an
interview conducted by American Christian minister Ron McRae, Sarah Obama was
asked, ‘Were you present when your grandson was born in Kenya?’” McRae
testified in his sworn statement. “This was asked to her in translation twice,
and both times she replied, “Yes! Yes she was! She was present when Obama was
born.”
- Another source who met Sarah Obama told World Net
Daily, “I have keenly and attentively listened to the tape over and over again,
and I can confirm from Sarah’s own confession that Barack Obama was born in
Kenya in her presence.”
- A separate Kenyan government official agreed,
stating, “I have listened to the tape. The preacher asked whether Barack Obama
was born in Mombassa, and the translator asked the same. When she said Mombassa,
it was like a surprise, and those there thought she could not have meant to say
Mombassa.”
- When New York Times bestselling author Jerome Corsi
traveled to Kenya to investigate the claims, he was almost immediately kicked out
of the country by Kenyan officials.
- When Kenya’s National Security Intelligence Service
investigated claims that Obama was
born in Kenya , officials in Nairobi found “relevant birth records may have
been removed or were missing.”
- Obama has deep political connections in Kenya. From
2006 onwards he rallied
in support of Islamist Raila Odinga in Kenya , helping him impose Sharia
law. When Odinga lost the Kenyan election in 2008, his supporters rioted,
unleashing a wave of violence. Despite the bloodshed, Obama used his influence
to aid Odinga in retaining his position as part of a coalition government.
For the mainstream media to imply that the 1991
brochure is the “source” of the claim that Obama was born in Kenya is
completely inaccurate. Not only was that brochure updated many times right up
until 2007, with the information about Obama’s birthplace being Kenya retained,
but there are numerous other factors which all indicate that Kenya could indeed
be Obama’s homeland.
*********************
Paul Joseph Watson is the editor and writer for Prison Planet.com . He is the author of Order
Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and
Infowars Nightly News.
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Literary
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Bio Said Obama Kenyan Born UP UNTIL April 2007 When Campaign Began Shocking
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Infowars.com | Alex
speaks with Congressman Walter B. Jones, Jr. about H.CON.RES.107.
Forrester: Apple is Entering a Long Decline Damon
Poeter PC
Magazine ‘ At least
one analyst is bucking the trend of gushing over Apple. Forrester Research
chief executive George Colony laid out his case in a blog post Wednesday for
why he thinks the company will start looking like just another tech .. ‘ [ As much as I like Apple, my first
computer, and am glad they survived in a big way, I’m constrained to agree.
Moreover, and I can’t prove this, I believe there to be some ‘soft’ stimulation
of the heavily weighted, more bang for the buck, Apple stock by way of
subsidized purchases. Remember those $275,000 per car government purchases, and
the $278,000 cost per stimulus job? What’s $500 per ipad or iphone, etc., to a
nation hopelessly, insurmountably indebted to the tune of $211 trillion,
especially in their election year desperation. This should in no way be
construed as a slight to Cook; but rather, just the reality there’s a limit to
what one’s willing to pay for fairly common utility. That said, I’d still buy
an IPad since, as with the ipod and the simple technology involved, amazingly,
ultimate competitors as, ie., microsoft with zune, etc., didn’t measure up at
all! I think the IPhone’s totally underwhelming! Contrary to the tenor of the
article, I believe charisma has nothing whatsoever to do with the inevitable
decline ahead; and, not just Apple. ]
‘At least one analyst is bucking the trend of gushing
over Apple. Forrester Research chief executive George Colony laid out his case in a blog post Wednesday for why he
thinks the company will start looking like just another tech companies within
the next four years unless it finds another "special, magical" leader
like Steve Jobs.
Colony's position couldn't be more contrarian. Apple
just reported
record March quarter profits while selling tens of millions of its iPhones,
iPads, and Mac computers. In the past few months, other analysts have been
jockeying to tout Apple's share price, currently at just over $600 per share,
for gains past the $800, $900, and even $1,000 threshold.
But if Apple's riding high now, that's not going to
last, according to Colony.
"Apple will decline in the post Steve Jobs
era," he writes, explaining that Apple under Jobs fit the bill as a
"charismatic organization ... headed by people with the 'gift of
grace'." Succession in such an organization is particularly difficult
because while bureaucratic and traditional organizations have processes and
rituals to elevate new leadership, "[i]n charismatic organizations, the
magical leader must be succeeded by another charismatic—the emotional
connection of employees and (in the case of Apple) customers demands it."
Colony quotes liberally from Max Weber's The
Theory of Social and Economic Organization and Adam Lashinky's Inside
Apple to build his case that Apple will "coast" over the next 24
to 48 months and "then decelerate."
What about the processes Jobs himself put in place at
Apple to ensure that his vision and management style would endure at the
company after he was gone? Apple University and other company initiatives
fostered by Jobs won't do the trick, Colony claims, quoting Weber:
"Charisma can only be awakened and tested, it cannot be learned or taught."
Colony argues that Jobs' successor, Tim Cook, has a
"legal/bureaucratic approach" to leading Apple that "will prove
to be a mismatch for an organization that feeds off the gift of grace."
Instead of Cook, the company should turn to Jonathan Ive or Scott Forstall to
be CEO, the analyst writes.
If Apple doesn't get another magical charismatic
leader, Colony concludes, it risks turning into Sony after Akio Morita or
Polaroid post-Edwin Land—a company that goes from great to merely good in a few
short years./
{ Yes, it’s really rather incredible, even
astounding, that people even listen to, much less believe the proven lies,
wrong information, disinformation that bespeaks fraud/deception/cover-up and at
best, total incompetence. Don’t they realize they’re being scammed in a very
big way; particularly, with an election year predisposed pro-wobama
obfuscation? Bernanke is a total fraud. He is totally incompetent! As I wrote,
infra, as comment to Dave Fry’s Summary:
the same helicopter ben who forecast no recession and whose QEs have
helped no one but the frauds on wall street, with fake numbers on what is in
reality much higher inflation, unemployment, etc., for obfuscation – you cannot
solve a problem without admitting there is one, let alone failing to identify
the problem; and with america’s insurmountable debt and debased Weimar fiat
paper currency over-printing, that huge extant problem is substantially
exacerbated. { Britain
slides back into recession AFP UK
Economy Double Dips For First Time Since 1970s Durden
} ] { Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ Prelude To Meltdown [ Now we know the reason
for bernanke’s pro-wobama politicking: Reuters:
Romney would boot Ben...
http://endoftheamericandream.com
http://albertpeia.com/10factsaboutamericanenergyresources.htm
[
Well , first off,
since we’re only talking decades at best, I agree the alarmist propaganda is
all for naught. Yet, make no mistake, those who equate shale oil, deep water
oil, etc., with that close to the surface, easily recovered, ie.,
sweet crude, are as misguided. It’s kind of like that ‘asteroid mining’ that’s
‘become the rage’. Firstly, in hollywood (oh yeah,
we’ve seen them digitally land on asteroids, planets as in Avatar, etc., with
ease and without a hitch), they don’t keep books the way other businesses do,
at least on the creative end, viz., ie ., Cameron.
And, what do you expect a former pilot to say, etc.? As an example of ‘fuel
price makes a difference’, anyone who thinks american
airlines among others went bankrupt because they’re so horribly managed or
because they felt like strategically avoiding their debt would be mistaken. For
airlines it’s all about fuel costs and load factors, capital intensive that
they are, and pennies literally do make
a difference. Costs of extraction make a difference. Oh sure, there’s loads of
oil. It’s all about the costs of getting it. Peak oil really has been reached
in terms of ‘easy pickins ’. Some even argue/document
persuasively that current reserves of the ‘easy pickins ’
are over-stated. ]
Merkel’s
Back is Against the Wall… Time for Germany’s “Plan B”?
[
http://albertpeia.com/germanyplanb.htm ]
http://theeconomiccollapseblog.com
http://albertpeia.com/24factsaboutmindblowingustaxes.htm
‘ The U.S.
tax code is a complete and utter abomination and it needs to be thrown out
entirely. Nobody in their right mind would ever read the whole thing - it
is over 3 million words long. Each year, Americans spend billions of
hours and hundreds of billions of
dollars trying to comply with federal tax requirements. Sadly, it is
the honest, hard working Americans in the middle class that always get hit the
hardest. The tax code is absolutely riddled with loopholes that big
corporations and the ultra-wealthy use to minimize their tax burdens as much as
possible. Many poor people do not pay any income taxes at all. The
dishonest are rewarded for cheating on their taxes (if they can get away with
it) and the ultra-wealthy have moved trillions of dollars to offshore tax
havens where they can avoid U.S. taxation altogether. Our system is
incredibly unfair to the millions of hard working people in the middle class
and upper middle class that drag themselves out of bed and go to work each day
and try to do the right thing. In addition, the current U.S. tax system
is incredibly inefficient, it diverts a tremendous amount of resources away
from more valuable economic activities, and it has chased thousands of
businesses and trillions of dollars out of the United States. The U.S.
tax code is such a complete and utter mess at this point that it can never be "fixed".
The only rational thing to do is to abolish it completely, and any politician
that tells you otherwise is lying to you.
The following are 24 outrageous facts about taxes in
the United States that will blow your mind....
#1 - The U.S.
tax code is now 3.8 million words long. If you
took all of William Shakespeare's works and collected them together, the entire
collection would only be about 900,000 words long.
#2 -
According to the National Taxpayers Union, U.S. taxpayers spend more than 7.6 billion hours
complying with federal tax requirements. Imagine what our society would
look like if all that time was spent on more economically profitable
activities.
#3 - 75 years
ago, the instructions for Form 1040 were two pages long. Today, they are 189 pages long.
#4 - There
have been 4,428 changes to the tax code over
the last decade. It is incredibly costly to change tax software, tax
manuals and tax instruction booklets for all of those changes.
#5 -
According to the National Taxpayers Union, the IRS currently has 1,999 different publications, forms, and
instruction sheets that you can download from the IRS website.
#6 - Our tax
system has become so complicated that it is almost impossible to file your taxes
correctly. For example, back in 1998 Money Magazine had 46 different tax
professionals complete a tax return for a hypothetical household. All
46 of them came up with a different result.
#7 - In 2009,
PC World had five of the most popular tax preparation software websites prepare
a tax return for a hypothetical household. All five of them came up with a different result .
#8 - The IRS
spends $2.45 for every $100 that it collects in
taxes.
#9 -
According to The Tax Foundation, the average American has to work until April 17th just to pay federal, state, and
local taxes. Back in 1900, "Tax Freedom Day" came on January 22nd .
#10 - When the
U.S. government first implemented a personal income tax back in 1913, the vast
majority of the population paid a rate of just 1 percent , and the highest marginal tax rate was just 7 percent .
#11 -
Residents of New Jersey pay $1.64 in taxes for every $1.00 of federal
spending that they get back.
#12 - The
United States is the only nation on the planet that tries to tax citizens on what they
earn in foreign countries .
#13 -
According to Forbes, the 400 highest earning Americans pay an average federal
income tax rate of just 18 percent .
#14 - Warren
Buffett had an effective tax rate of just 17.4 percent for 2010.
#15 - The top
20 percent of all income earners in the United States pay approximately 86 percent
of all federal income taxes.
#16 - Sadly, as Bill Whittle has shown , you could take
every single penny
#17 - The
United States has the highest corporate tax rate in the world (35
percent). In Ireland, the corporate tax rate is only 12.5 percent .
This is causing thousands of corporations to move operations out of the United
States and into other countries.
#18 - Some tax
havens are doing a booming business in setting up sham headquarters for U.S.
corporations. For example, the city of Zug, Switzerland only has a
population of 26,000 people but it is the headquarters for 30,000 companies .
#19 - In 1950,
corporate taxes accounted for about 30 percent of all federal revenue.
In 2012, corporate taxes will account for less than 7 percent of all federal revenue.
#20 - In a previous article , I discussed
how many of our largest corporations make huge profits and yet pay less than nothing
What U.S. corporations are able to get away with is
absolutely amazing.
The following figures come directly out of a report by Citizens
for Tax Justice . These are combined figures for the tax years 2008,
2009 and 2010.
During those three years, all of the corporations
below made a lot of money. Yet all of them paid net taxes that were below
zero for those three years combined.
How is that possible? Well, it turns out that
instead of paying in taxes to the federal government, they were actually
getting money back.
So for these corporations, their rate of taxation was
actually below zero.
If you have not seen these before, you are going to
have a hard time believing some of these statistics.....
*Honeywell*
Profits: $4.9 billion
Taxes: -$34 million
*Fed Ex*
Profits: $3 billion
Taxes: -$23 million
*Wells Fargo*
Profits: $49.37 billion
Taxes: -$681 million
*Boeing*
Profits: $9.7 billion
Taxes: -$178 million
*Verizon*
Profits: $32.5 billion
Taxes: -$951 million
*Dupont*
Profits: $2.1 billion
Taxes -$72 million
*American Electric Power*
Profits: $5.89 billion
Taxes -$545 million
*General Electric*
Profits: $7.7 billion
Taxes: -$4.7 billion
Are you starting to get the picture?
#21 -
Exxon-Mobil paid $15 billion in taxes in 2009, but not a single penny went to the
U.S. government.
#22 - Many
wealthy Americans hide enormous amounts of money outside the country in order
to avoid paying taxes. According to the IMF, a total of 18 trillion dollars is currently being hidden
in offshore banks.
#23 - The
number of traffic accidents spikes each year right around April 15th. The
following is from a recent Bloomberg article ....
Deaths from traffic accidents around April 15,
traditionally the last day to file individual income taxes in the U.S., rose 6
percent on average on each of the last 30 years of tax filing days compared
with a day during the week prior and a week later, according to research
published in the Journal of the American Medical Association.
#24 - Most of
the tax debate is focused on income taxes, but the truth is that Americans pay
dozens of other taxes every single year. The following are just a few of
the taxes that many Americans pay....
#1 Building
Permit Taxes
#2 Capital
Gains Taxes
#3 Cigarette
Taxes
#4 Court
Fines (indirect taxes)
#5 Dog
License Taxes
#6 Federal
Unemployment Taxes
#7 Fishing
License Taxes
#8 Food
License Taxes
#9 Gasoline
Taxes
#10 Gift Taxes
#11 Hunting
License Taxes
#12
Inheritance Taxes
#13 Inventory
Taxes
#14 IRS
Interest Charges (tax on top of tax)
#15 IRS Penalties
(tax on top of tax)
#16 Liquor
Taxes
#17 Luxury
Taxes
#18 Marriage
License Taxes
#19 Medicare
Taxes
#20 Property
Taxes
#21
Recreational Vehicle Taxes
#22 Toll Booth
Taxes
#23 Sales
Taxes
#24
Self-Employment Taxes
#25 School
Taxes
#26 Septic
Permit Taxes
#27 Service
Charge Taxes
#28 Social
Security Taxes
#29 State
Unemployment Taxes (SUTA)
#30 Telephone
Federal Excise Taxes
#31 Telephone
Federal Universal Service Fee Taxes
#32 Telephone
Minimum Usage Surcharge Taxes
#33 Telephone
State And Local Taxes
#34 Tire Taxes
#35 Toll
Bridge Taxes
#36 Toll
Tunnel Taxes
#37 Traffic
Fines (indirect taxation)
#38 Utility
Taxes
#39 Vehicle
License Registration Taxes
#40 Vehicle
Sales Taxes
#41 Workers
Compensation Taxes
When you account for all forms of taxation on the
federal, state and local levels there are many Americans that pay out more than
half of their incomes in taxes.
We are being taxed into oblivion , and yet most Americans do
not even realize that it is happening.
It is kind of like being killed by thousands of tiny
cuts.
So what do all of these taxes buy us?
They buy us a massively bloated government that
wastes money on some of the
craziest things imaginable .
Millions of Americans work for the federal
government, and yet most of them produce very little of real economic
value. The following comes from a recent National Review article ....
By 2005, the federal government employed 14.6 million
people: 1.9 million civil servants, 770,000 postal workers, 1.44 million
uniformed service personnel, 7.6 million contractors, and 2.9 million grantees.
This amounted to a ratio of five and a half “shadow” government employees for
every civil servant on the federal payroll. Since 1999, the government had
grown by over 4.5 million employees.
According to that same article, when you add in state
and local government workers the numbers are even more dramatic....
According to the U.S. Census Bureau, there are 3.8
million full-time and 1.5 million part-time employees on state payrolls. Local
governments add a further 11 million full-time and 3.2 million part-time
personnel. This means that state and local governments combined employ 19.5
million Americans.
Yes, we do need some government. For example,
without any law enforcement at all our society would descend into complete
chaos, and without any military at all we would be completely open to foreign
conquest.
In order to have a stable, secure society we do need
some government.
However, we definitely do not need the massively
bloated government that we have today.
The truth is that most government employees are a drain on the system .
Most of them just push paper around. I used to work in Washington D.C. so
I know what pushing paper around is all about.
And as I wrote about yesterday, there are millions of
other Americans that enjoy a comfortable existence at the expense of the
federal government without doing any work whatsoever .
Of course the biggest welfare recipients of all are the big corporations . All forms
of corporate welfare should be eliminated immediately.
When are U.S. taxpayers going to get sick and tired
of paying for all of this?
Every single year, the federal government, state
governments and local governments drain massive amounts of desperately needed
money from hard working middle class families.
Then they take that money and spend it on incredibly foolish things .
When are American voters going to stand up and boldly
declare that they have been taxed enough already and they aren't going to take
it anymore?
The current tax code is completely and utterly broken
and it is beyond repair.
Unfortunately, neither the Republicans or the
Democrats are proposing that we should get rid of it.
So we are just going to continue to get more of the
same year after year, and it is the middle class that will feel the pain.’
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
[ To the contrary, because of his policies and
particularly the bailouts which facilitated consummation of and even greater
frauds, the real economy, the nation, taxpayers will suffer a more severe fate
than even that obfuscated by bad policy in this election-year expedience! ‘…
When the last financial crisis began, the U.S. national debt was about 10
trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix
anything. The best that can be said is that he kicked the can down the road a
little bit and made our long-term financial problems a lot worse at the same
time. Bernanke can create money out of thin air and loan it to his friends all
he wants, but he is not going to be able to prevent this house of cards from
crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who
put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one
vis-ŕ-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s
delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm
A
View on Inflation & Keynesian Talking Points : CrownThomas 03/29/2012 The ponzi will fail, and the economy
will reset - the only question is when. http://albertpeia.com/fedponzifails.htm
‘Massive
Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm
{ WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS
NO QUESTION BUT THAT THEY BELONG IN JAIL! }
RICHARD
RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation
And Leveraging
http://albertpeia.com/19signsveryseriouseconomictroubleonhorizon.htm
Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah!
He’d look just like any other nigger. And, don’t worry about the black vote,
failed president wobama the b for b***s*** will get, nearly if not all, 100% of
the nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People
have become weary of making up excuses for blacks (like obama, holder, etc.).
At some point, as now, people should not be timid about relating the cold,
unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..
From
Pat Buchanan: As for racism, its ugliest manifestation is in
interracial crime, and especially interracial crimes of violence. Is Barack
Obama aware that while white criminals choose black victims 3 percent of the
time, black criminals choose white victims 45 percent of the time? Is Barack
aware that black-on-white rapes are 100 times more common than the reverse,
that black-on-white robberies were 139 times as common in the first three years
of this decade as the reverse? We have all heard ad nauseam from the Rev. Al
about Tawana Brawley, the Duke rape case and Jena. And all turned out to be
hoaxes. But about the epidemic of black assaults on whites that are real, we
hear nothing.
http://albertpeia.com/blackonwhitecrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that
blacks are an insoluble problem wherever they are. That’s not going to ever
change; not make-shift/make-work jobs; not programs; not anything tried or to
be tried; hence, they must be treated as exactly that – problems – before a
solution can be derived and fashioned. ]
Drudgereport:
Obama gets
personal over killing of black Florida teenager... Urges
'soul-searching'... More Miami
schools stage mass walk-outs... Gingrich
calls Obama's Trayvon comments 'disgraceful'... Cops: Man
threatened to kill police chief at center of case... Jeb Bush:
'Stand your ground' invalid here... Miami Heat
Players Don Hoodies... 'Dead or
Alive' Poster Issued by New Black Panther Party... Zimmerman (and this is no endorsement –
I won’t be looking at this one incident all that closely) was at least trying
to do a good thing made necessary by the ever increasing number of brutal
crimes committed by the black thugs in neighborhoods across the nation; then
there’s somalian pirates, etc.. People domestically and internationally are
suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there are
some Hollywood types who feel good about themselves having niggers around and
helping niggers to help them feel better than they really are, insecure as they
are, by being better than at least someone beyond fantasy. Loony george clooney
is one. Dreadfully boring and with that monotone, monotonous voice and not that
bright, he’s not even able to fake it on screen as an action hero (ie., batman,
what a horrific miscast) wimpy pussy in reality that he is; then there’s the
‘black (sean) penn’ who cried like a baby while incarcerated for a couple of
days not that long ago. The atheist jolie, so fatherly troubled as she is, has
let the equally mentally troubled pitt (she so nutty she makes him feel
somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the
closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially interracial
crimes of violence. Is Barack Obama aware that while white criminals choose
black victims 3 percent of the time, black criminals choose white victims 45
percent of the time? Is Barack aware that black-on-white rapes are 100 times
more common than the reverse, that black-on-white robberies were 139 times as
common in the first three years of this decade as the reverse? We have all
heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and
Jena. And all turned out to be hoaxes. But about the epidemic of black assaults
on whites that are real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the
niggers, including niggerbama back to sub-saharan africa! ]
EUROPE
RIDICULES OBAMA... 'Maybe
copy key got stuck on presidential speechwriter's keyboard'...
A Warning Sign For The
World http://albertpeia.com/warningsignfortheworld.htm
America 1950 vs.
America 2012 http://albertpeia.com/downhillslideofamerica.htm
10.7
Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last
Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm
http://albertpeia.com/18statseconomynotimprovedsinceobama.htm
ECRI Stays with
Recession Call New American | The vicious cycle is
starting where lower sales, lower production, lower employment and lower income
[leads] back to lower sales…BOB
ADELMANN New
American Tuesday, March 13,
2012 http://albertpeia.com/ecricallsrecession.htm
11
Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only
it was just 11 and not an endless number of reasons why the aforesaid is true!
And, though america particularly, not just america, but the entire world as
well! Moreover, though goldman egregiously and particularly, sadly but
realistically it’s not just goldman! ]http://albertpeia.com/americabetterwithoutgoldmansachs.htm
S&P
says that it is impossible that any economic improvement would bring back
the AAA rating US
deficit progress is needed. Outlook
remains negative.
And what do stocks do on latest S&P report that
America is broke? Why they surge of course....
{ Ah yes … those sweet sounds and smells of motown … the darks
coming to a place near you! }
Drug
war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt
banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural
News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
]
‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
Today in
Afghanistan, American troops have been seen guarding poppy fields used to make
heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed
them and forbade that agricultural pursuit. Now they’re flourishing again after
the American occupation.
This doesn’t
make sense despite all the mainstream reports that American troops are
protecting the poppy farmers from the bad guys. Internet sites such as Prison
Planet, Info Wars, The Political Coffeehouse and others report otherwise. They
connect the CIA and US military to restarting the poppy fields in Afghanistan
in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it
is?
One
way the CIA keeps their drug trafficking hidden from public view The CIA’s secret operations to influence journalism
started in the 1950s by infiltrating the media and bribing journalists to be
operatives and assets for the CIA. By 1976, then CIA director William Colby
reportedly bragged that the CIA owned the press. Supposedly, this too secret to
name operation was coined “Operation Mockingbird” by Deborah Davis in her book Katherine
the Great .
Operation Mockingbird worked well against prize
winning journalist Gary Webb when his newspaper, the San Jose Mercury News ,
ran his in depth series on CIA drug trafficking that flooded the USA to help
finance the CIA backed Nicaraguan Contras during the 1980s.
Journalists all over the USA jumped on the series,
claiming Webb’s journalism was shoddy. The newspaper had to recant and fire
him, and Gary Webb was black listed from mainstream journalism completely.
Webb
retaliated by having his book Dark Alliance published and making the NY
Times best seller list, forcing some of his critics to privately eat crow
after the fact.
Despite the
CIA’s control of the press, a few Mexico and Central America cocaine busts of
plane cargoes and discoveries of large cocaine stashes on crashed planes with
CIA hired pilots flying them for front companies did hit the mainstream news, albeit
briefly .
Remember the
movie “Air America?” It was based on an actual CIA owned front company
transporting tons of heroin from Southeast Asia’s “Golden Triangle” poppy
fields during and after the Vietnam conflicts. Now Afghanistan and the “Golden
Crescent” are the featured opium/heroin conduit sources.
Government
and big business using drug traffic profits is nothing new When the U.S. government made deals with the Cosa
Nostra mafia to help police ports and harbors during WW II, they breathed life
into the heroin trade. Eventually, Marseilles, France was set up by the
Corsican mafia to become the “French Connection” for heroin traffic.
But opium trade history goes back further, to
colonial times and early America. That’s when American shipping magnates used
their fast Clipper Ships to compete with England’s monarch sanctioned dope
running East India Company for transporting opium to China.
A few key players created family fortunes from the
China opium trade that exist today within some northeast America’s “old money”
families.
Among the familiar family names, according to Wikipedia
(source below) is Forbes. Another source mentions Astor, a prominently
wealthy philanthropic family around New York today (Wiki source below). In
those days, trafficking dope was a legitimate business endeavor, immoral but
not illegal.
Now it is illegal as well. Ironically, this allows
the biggest illicit drug providers to financially benefit the CIA and
international banking.’
Sources for this article include:
http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php
http://en.wikipedia.org/wiki/Forbes_family
http://en.wikipedia.org/wiki/John_Jacob_Astor
http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/
http://www.minormusings.com/Drugs/Mask.html
See also:
Big Banks, Gov’ts
Collude in Drug War Hypocrisy
Much Of Afghan Drug
Money Going To ‘Our Friends’
Steady
Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed
Afghan CIA Drug
Kingpin Shot Dead by Own Bodyguard
Afghanistan drug trade
hits $4 billion a year
Occupiers involved in
drug trade: Afghan minister
US and NATO protecting Afghan
drug trade
B.C. RCMP seize
60,000 poppy plants in record haul
NATO rejects
Russian call for Afghan poppy spraying
War
on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium
trade
UN: Afghan
opium production up by 61% under NATO’s watch
DOJ:
Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.
RealClearMarkets
- Gary Shilling New Global Recession Is Here (It’s
actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular
By Howard Gold NEW YORK (MarketWatch)
2012 Update: What Part III of the financial crisis will look
like
http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR
http://www.stansberryresearch.com
http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
'OBVIOUSLY UNSERVICEABLE DEBT TO
WEIGH ON STOCKS IN 2012’ http://www.bullfax.com/?q=node-obviously-unserviceable-debt-weigh-stocks-2012 12/23/2011 By Chris Ciovacco: video ,
we noted numerous countries have an unstable combination of debt and revenue
relative to the size of their banking system. Another excellent source for debt
sustainability analysis comes from Jeffery Gundlach, manager of the 2011
top-performing U.S. bond fund. Mr. Gundlach was recently interviewed by the
Financial Times. He does not subscribe to the theory European leaders can “put
a Band Aid on a system which didn’t break a week ago…’
Tough
Year For Stocks, Gold And Treasury ETFs Did Better Forbes
My
Christmas Cards Predict "Eternal Conflict" And "Economic
Disaster" Forbes Robert Lenzner ‘For the first time in my life, some
Christmas messages are weighing in about the worrisome condition
of US economy and the financial markets– as well as family
news. Obviously, the crisis we are facing is triggering
disheartening expressions of concern at holiday time.
This
from a former state finance chairman for George Bush, who is so
distressed he is staying out of the primary race.
On Jobs; ” I
wonder why our candidates have not come forward to feature as the main and
vital keystone of their campaign that sector in the economy which can create
millions of jobs and solve our huge foreign trade deficit– converting our $300
billion plus purchase of foreign oil to domestic energy– electrification of
transportation, more natural gas, nuclear, more domestic oil drilling, clean
coal, and all the domestic alternatives.”
On the
deficit: ” I have also become very disheartened with our politicians’
inability to strike a grand compromise on reducing the federal deficit.
We are considerably constrained by the Grover Norquist tax pledge signed by so
many Republicans, wherein an elimination of a tax loophole which takes the
recovered revenue and applies it to reduce debt is considered a tax increase
and therefore unacceptable. This position will never allow the Republicans to
negotiate and compromise( a noble word) with the democrats on a combination of
a massive expense reduction with a modest revenue increase.”
All this from
a conservative Republican in a key state who is utterly frustrated by “ eternal
gridlock in Washington “—
and determined to spend considerably more quality time with his family. All
this ranting in a Christmas card; it’s a first.
Then, there’s
the retired New England real estate consultant and developer who is “fearful
about the impending winter. The world seems to be perilously close to economic
disaster and depression, and folks are rushing out to buy gold and guns.” ‘
A
Very Scary Christmas And An Incredibly Frightening New Year http://theeconomiccollapseblog.com ‘Can you hear that? It almost sounds
like a little bit of peace and quiet. This year, the holiday season has
been fairly uneventful, and for that we should be very grateful. But it
isn't going to last long. 2012 is going to be a much more difficult year
for the U.S. economy and the global financial system than 2011 has been.
So if things are going well for you right now, enjoy this little bubble of
peace and tranquility while you can. Because while things may look calm
on the surface right now, the truth is that this is a very scary Christmas for
financial professionals and world leaders. Most of them know how fragile
the global financial system is at the moment. Most of them know that we
are living in the greatest bubble of debt, leverage and financial risk that the
world has ever seen. As I wrote about the other day, world leaders would
not be throwing huge bailouts around like
crazy if everything was going to be just fine. The truth is that we are
rapidly approaching another financial crisis that may end up being even worse
than the horrific crash of 2008…’
Interbank Markets Are Telling
Investors To Sell The Rally … Again http://www.bullseyemicrocaps.com/?p=30070
12-23-11 ‘The biggest question weighing on investors as we move into the final
week of the year is how long Europe can be ignored. The S&P 500 has rallied
5% since testing and holding support at 1200 and is now firmly into resistance,
an ideal spot for short sellers to lay out positions.European banks continue to
tell equity market investors to stand aside. The ECB overnight deposit facility
saw deposits swell to EUR346.9 billion overnight, up 31% from December 21st. A
fair amount of the recently ECB auctioned EUR489 billion ended up right back at
the ECB instead of in the interbank lending market.The ECB also reported a
second week of anemic sovereign bond buying. The ECB doesn’t want to be the
only bidder in the room, which is one of the reasons it has been so willing to
stuff banks with cheap money. But, rising yields in Italy…’
The
Smartest Guys in the Room Are Screaming "Get Out of the Markets!" Todd Harrison http://www.minyanville.com/articles/articlelisting.htm#ixzz1hGAVUaU9
It's
Official: US Debt-To-GDP Passes 100% Durden
on 12/21/2011 already completed according
to the BEA , was $15,180,900,000.00. Which means that, as of today, total US
debt to GDP is 100.012%. Congratulations
America: you are now in the triple digit "debt to GDP" club !
Mark
Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist
And Will Go To Zero" Durden
on 12/21/2011 Anyone seeking joyous holiday greetings and cheerful
forecasts for the new year is advised to not listen to the following most
recent Mark Faber interview, in which in addition to his predictions for 2012
(led with "more printing" by the dodecatupling +1 down central
planners of course, and far less prosperity), we get the following: "I am
convinced the whole derivatives market will cease to exit. Will become zero because it depends on the counterparty
Has
the Global Economy Been Zapped by ZIRP? Minyanville Eugene Linden
Dec 21, 2011 ‘Zero interest rate policies dominate the world's largest
economies -- a situation that's contributing to the worsening pension crisis,
the unnaturally buoyant equity markets, the need for quantitative easing, and
even the bull market in gold. Read more: http://www.minyanville.com/businessmarkets/articles/zero-interest-rate-policy-zirp-us/12/21/2011/id/38513#ixzz1hFyFn7Pb Eclipsed by Europe’s sovereign debt
agony has been one overriding, but overlooked factor that will increasingly
distort economies and the financial markets as 2012 unfolds: the
Zero-Interest-Rate-Policy. ZIRP is now as encompassing and pervasive as the air
we breathe, and this in itself is unprecedented.interest
rate bull market
Interest Expense on the Debt Outstanding Available Historical Data Fiscal Year End
2011
$454,393,280,417.03
2010
$413,954,825,362.17
2009
$383,071,060,815.42
2008
$451,154,049,950.63
2007
$429,977,998,108.20
2006
$405,872,109,315.83
2005
$352,350,252,507.90
2004
$321,566,323,971.29
2003
$318,148,529,151.51
2002
$332,536,958,599.42
2001
$359,507,635,242.41
2000
$361,997,734,302.36
1999
$353,511,471,722.87
1998
$363,823,722,920.26
1997
$355,795,834,214.66
1996
$343,955,076,695.15
1995
$332,413,555,030.62
1994
$296,277,764,246.26
1993
$292,502,219,484.25
1992
$292,361,073,070.74
1991
$286,021,921,181.04
1990
$264,852,544,615.90
1989
$240,863,231,535.71
1988
$214,145,028,847.73
safety http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart1.JPG
ZIRP turns out
to be a trap that ensnares everybody, and not just the countries that adopt the
policy. During a briefing an economist from Tejas made the comment that once a
major economy adopts ZIRP, Central Banks all over the world lose control of
their monetary policy. I was puzzled about the mechanics of that until I came
across an example from Israel.transmission Financial Times http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart3.jpg
Click to enlarge events
http://www.minyanville.com/businessmarkets/articles/zero-interest-rate-policy-zirp-us/12/21/2011/id/38513#ixzz1hFzolvlA ‘
Getting
Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline
The Economic Collapse | Is America in decline? That is a very provocative
question. The
Economic Collapse
Is America in
decline? That is a very provocative question. I have found that
most people that hate the United States are very eager to agree that America is
in decline, while a lot of those that love the United States are very hesitant
to admit that America is in decline. Well, I am proud to be an American,
but I cannot lie and tell you that America is doing just fine. The pieces
of evidence compiled below are undeniable. Our economy is deathly ill and
is rapidly getting worse. We were handed the keys to the greatest
economic machine in the history of the world and we have wrecked it. But
until we are willing to look in the mirror and admit how bad things have
gotten, we won’t be ready for the solutions that are necessary. The truth
is that there are things that we can do to reverse the decline. It does
not have to be permanent. We have gotten away from the things that made
America great, and we need to admit that we are on the wrong path and start
fixing this country. But if we choose to continue down the road that we
are currently on, it will lead us into the darkest chapters in American
history.
The following
are 40 undeniable pieces of evidence that show that America is in decline….
#1 Back in 1985, 11 million vehicles were sold in
America. In 2009, only 5.4 million vehicles were sold in
America.
#2 In 1990, the median age of a vehicle in the United
States was just 6.5 years . Today, the median age of
a vehicle in the United States is approximately 10 years .
#3 The average price of a gallon of gasoline in 2011
has been $3.50 . That is a new all-time record. The
previous record was $3.24 in 2008.
#4 The average American household will have spent an
astounding $4,155 on gasoline by the time the year is over.
#5 The number of children in the United States without
a permanent home has increased by 38 percent since 2007.
#6 A decade ago, the United States was ranked number
one in average wealth per adult. By 2010, the United States had fallen to seventh .
#7 The U.S. tax code is now more than 50,000 pages longer than it used to be.
#8 American 15-year-olds do not even rank in
the top half of all advanced nations when it comes
to math or science literacy.
#9 The United States once had the highest proportion of
young adults with post-secondary degrees in the world. Today, the
U.S. has fallen to 12th .
#10 After adjusting for inflation, U.S. college students
are borrowing about twice as much money
as they did a decade ago.
#11 The student loan default rate has nearly doubled since 2005.
#12 Our economy is not producing nearly enough jobs for
our college graduates. The percentage of mail carriers with a college
degree is now 4 times higher than it was back in
1970.
#13 Our infrastructure was once the envy of the
world. Today, U.S. infrastructure is ranked 23rd .
#14 Since December 2007, median household income in the
United States has declined by a total of 6.8% once you account for inflation.
#15 Since the year 2000, incomes for U.S. households led
by someone between the ages of 25 and 34 have fallen by about 12 percent after you
adjust for inflation.
#16 According to U.S. Representative Betty Sutton,
America has lost an average of 15 manufacturing
facilities a day over the last 10 years. During 2010 it got even
worse. Last year, an average of 23 manufacturing
facilities a day shut down in the United States.
#17 In all, more than 56,000 manufacturing
facilities in the United States have shut down since 2001.
#18 The United States has lost a staggering 32
percent of its manufacturing jobs since the year 2000.
#19 Manufacturing employment in the U.S. computer
industry was actually lower in 2010 than it was in 1975 .
#20 In 1959, manufacturing represented 28 percent of all U.S. economic
output. In 2008, it represented only 11.5 percent.
#21 The television manufacturing industry began in the
United States. So how many televisions are manufactured in the United
States today? According to Princeton University economist Alan S.
Blinder, the grand total is zero .
#22 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
#23 The Economic Policy Institute says that since 2001
America has lost approximately 2.8 million jobs due to our trade
deficit with China alone.
#24 According to one study, between 1969 and 2009 the
median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for
inflation.
#25 Back in 1980, less than 30% of all jobs in the
United States were low income jobs. Today, more than 40% of all jobs in the
United States are low income jobs.
#26 The size of the economy in India is projected
to surpass the size of the U.S. economy by the year 2050 .
#27 One prominent economist believes that the Chinese
economy will be three times larger
than the U.S. economy by the year 2040.
#28 In 2001, the United States ranked fourth in the
world in per capita broadband Internet use. Today it ranks 15th .
#29 Back in the year 2000, 11.3% of all Americans were living in
poverty. Today, 15.1% of all Americans are living in poverty.
#30 Last year, 2.6 million more Americans dropped into poverty .
That was the largest increase that we have seen
since the U.S. government began keeping statistics on this back in 1959.
#31 According to the U.S. Census Bureau, 6.7% of all Americans are living in “extreme
poverty”, and that is the highest level that has ever been recorded before.
#32 The percentage of children living in poverty in the United States increased
from 16.9 percent in 2006 to nearly 22 percent in 2010.
In the UK and in France the child poverty rate is well under 10 percent.
#33 As I wrote about the other day , since 2007 the number of children
living in poverty in the state of California has increased by 30 percent .
#34 A staggering 48.5% of all Americans live in a household
that receives some form of government benefits. Back in 1983, that number
was below 30 percent.
#35 Back in 1965, only one out of every 50 Americans was
on Medicaid. Today, one out of every 6 Americans is
on Medicaid.
#36 Between 1991 and 2007 the number of Americans
between the ages of 65 and 74 that filed for bankruptcy rose by a
staggering 178 percent .
#37 Today, the “too big to fail ” banks are larger than ever.
The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006
and September 30, 2011.
#38 Since the Federal Reserve was created in 1913, the
U.S. dollar has lostover 95 percent of its purchasing power.
#39 During the Obama administration, the U.S. government
has accumulated more debt than it did from the time that George Washington took
office to the time
that Bill Clinton took office .
#40 The U.S. national debt is now nearly 15 times larger than it was just 30 years ago.
Sadly, most
Americans are not fired up about turning this country around. Way too
many of them realize that things are getting worse, but they have “checked out”
and are just going through the motions of life.
A perfect
example is posted below. In this video , a FedEx delivery guy just
chucks a computer monitor over somebody’s fence……Can you believe he did that?
The sad thing
is that the guy was actually home at the time and all the FedEx employee needed
to do was ring the bell.
This is the
kind of attitude that is killing America.
We all need to
start caring again. We all need to start taking pride in what we
do. We all need to start working hard again. We all need to make
sure that we are living with a sense of personal integrity.
When a nation
simply does not care anymore, even a con man can become president.
During a recent 60 Minutes interview ,
Barack Obama said that only 3 presidents in U.S. history accomplished more than
he did during the first two years of his presidency….
“The issue here
is not going be a list of accomplishments. As you said yourself, Steve, you
know, I would put our legislative and foreign policy accomplishments in our
first two years against any president — with the possible exceptions of
Johnson, F.D.R., and Lincoln — just in terms of what we’ve gotten done in
modern history. But, you know, but when it comes to the economy, we’ve got a lot
more work to do.”
He had to be joking, right?
Sadly, he was not joking.
But it is not just Barack Obama. The truth is
that both political parties are absolutely littered with con men, charlatans
and corrupt politicians.
It is going to be up to the American people to get
educated about how bad things have really gotten, to start demanding solutions,
and to start voting much better people into positions of authority.
If dramatic changes are not made, our economy will
continue to get worse and the decline of America will continue to accelerate.
We cannot stay on this road my friends.
It is only going to lead to a total nightmare.
Please share this information as widely as possible,
and please try to wake up as many of your fellow Americans as you can while there
is still time.’
Ten
Reasons To Fear And Loathe Markets In 2012 Forbes Robert Lenzner
#1. European
Sovereign Debt is a greater burden on the economies of Italy and France
than the debt overhang in the U.S. Italy has $2.46 trillion of debt to a
$2 trillion GDP. As Vice President Biden puts it “We did our bailout. They’ve
got to do their bailout.” The posturing has been limited to letting
nations borrow cheaply to add on more debt so as not to default.
#2. The
ramification for the US from Europe is a reduction of 1%
growth in US GDP– which means much less growth than might have been expected.
This, in turn, puts added stress on valuations in our financial markets, where
multiples of earnings are expected to slide as investors run away from risk-on
assets.
#3. Continued
pressure on the earnings and book values of both European and US banks.
This can be seen in the way bank shares have traded this year, with global
banks getting pounded, and only regional banks with strong balance sheets being
favored.
#4.
Continued selling pressure on the prices of key commodities like oil,
copper and iron ore due to expectd slowness i the global economy.
#5. The
imbecility of extending the payroll tax deduction for only two more months– a
horrendous sign of political weakness with dire economic ramifications.
#6. Residential
housing market still mightily impaired and not expected to recover for another
3 years. Still many millions of homes where mortgage debt greater than the
market value of the homes.
#7. Antipathy
individual investor for long term equity investing. Rise of the short-yterm
investor such as hedge funds using leverage, requiring volatility, better
informed than the public investor.
#8.
Expectation reduction $1.2 trillion from US budget over next 10 years. Can only
mean less money in circulation, less income to invest, lower GDP, less economic
growth rate. This is the reality being denied by most investors.
#9. Overall
theme of deflation, deleveraging can only mean lower asset prices.
#10.
Chance of social unrest in China, upheaval that affects move to consumer
economy, and lack of leadership from 10% of global economy.
We’ve
Reached the End Game For Central Bank Intervention http://gainspainscapital.com
December 19th, 2011 We’ve reached the end game for Central Bank
intervention.When confronted with excessive debt, you can either “take the hit”
or you can try to inflate the debt away.In 2008, the Central Banks, lead by the
US Federal Reserve, decided not to “take the hit.” They’ve since spent
trillions of Dollars propping up the financial system. By doing this, they’ve
essentially attempted to fight a debt problem by issuing more debt.The end
result is similar to what happens when you try to cure a heroine addict by
giving him more heroine: each new “hit” has less and less effect.Case in point,
consider the Central Banks’ coordinated intervention to lower the cost of
borrowing Dollars three weeks ago. Remember, this was a coordinated
Derivatives
group spent $674K lobbying in Q3 AP
PORTER
STANSBERRY OF STANSBERRY RESEARCH
THE
CORRUPTION OF AMERICA
The numbers
tell us America is in decline... if not outright collapse.
I say "the numbers tell us
The claim was
absurd. But the resentment my work engendered was real.
So please...
before you read this issue, which makes several arresting claims about the
future of our country... understand I am only writing about the facts as I find
them today. I am only drawing conclusions based on the situation as it stands.
I am not saying that these conditions can't improve. Or that they won't
improve.
The truth is,
I am optimistic. I believe our country is heading into a crisis. But I also
believe that... sooner or later... Americans will make the right choices and
put our country back on sound footing.
Please pay
careful attention to the data I cite. And please send me corrections to the
facts. I will happily publish any correction that can be substantiated. But
please don't send me threats, accusations against my character, or baseless
claims about my lack of patriotism. If I didn't love our country, none of these
facts would bother me. I wouldn't have bothered writing this letter.
I know this is
a politically charged and emotional issue. My conclusions will not be easy for
most readers to accept. Likewise, many of the things I am writing about this
month will challenge my subscribers to re-examine what they believe about their
country. The facts about America today tell
a painful story about a country in a steep decline, beset by problems of its
own making
One last
point, before we begin... I realize that this kind of macro-economic/political
analysis is not, primarily, what you pay me for.
You rightly
expect me to provide you with investment opportunities – whether bull market,
bear market, or total societal collapse. And that's what I've done every month
for more than 15 years.
But that's not
what I've done this month. You won't find any investment ideas at all in these
pages. This issue is unlike any other I have ever written.
I'm sure it
will spark a wave of cancellations – costing me hundreds of thousands of
dollars. I fear it will spark a tremendous amount of controversy. Many people
will surely accuse me of deliberately writing inflammatory things in order to
stir the pot and gain attention. That's not my intention. The truth is, I've
gone to great lengths throughout my career to protect my privacy.
I am speaking
out now because I believe someone must. And I have the resources to do it. I am sharing these ideas with my subscribers because
I know we have arrived at the moment of a long-brewing crisis.
Our political
leaders, our business leaders, and our cultural leaders have made a series of
catastrophic choices. The result has been a long decline in America's standard
of living.
For decades,
we have papered over these problems with massive amounts of borrowing. But now,
our debts total close to 400% of GDP, and America is the world's largest
borrower (after being the world's largest creditor only 40 years ago)... And
the holes in our society can no longer be hidden...
We've reached
the point where we will have to fix what lies at the heart of America's
decline... or be satisfied with a vastly lower standard of living in the
future.
How do I know?
How do I statistically define the decline of America?
The broadest
measure of national wealth is per-capita gross domestic product (GDP).
Economists use this figure to judge standards of living around the world. It
shows the value of the country's annual production divided by the number of its
citizens. No, the production isn't actually divided among all the citizens, but
this measure provides us with a fair benchmark to compare different economies
around the world. Likewise, this measure shows the growth (or the decline) in
wealth in societies across time.
So... is
America growing richer or poorer based on per-capita GDP? Seems like a simple
enough question, doesn't it? Is our economy growing faster than our population?
Are we, as individuals, becoming more affluent? Or is the pie, measured on a
per-person basis, growing smaller?
Unfortunately,
it's a harder question to answer than it should be. The problem is, we don't
have a sound currency with which to measure GDP through time. Until 1971, the
U.S. dollar was defined as a certain amount of gold. And the price of gold was
fixed by international agreement. It didn't actually begin to trade freely
until 1975. Therefore, the value of the U.S. dollar (and thus the value of U.S.
production, which is measured in dollars) was manipulated higher for many
years.
Even today, our
government's nominal GDP figures are greatly influenced by inflation. The
influence of inflation is particularly pernicious in GDP studies. You see,
inflation, which actually reduces our standard of living, drives up the amount
of nominal GDP. So it creates the appearance of a wealthier country... while
the nation is actually getting poorer.
The only real
way to accurately measure per-capita GDP is to build our own model. The need to
build our own tools tells you something important – the government doesn't want
anyone to know the answer to this question. It could easily publish data far
more accurate than the indexes it puts out. But government doesn't want anyone
to know. And it wants to be able to say "those aren't the real data"
when studies like ours produce bad news.
So pay
attention to how we built our charts. You can see for yourself that our data
are far more accurate than the government's figures. Our data are based on the
real purchasing power of the currency, not the nominal numbers, which are completely
meaningless in the real world.
The question
we are trying to answer is: What would per-capita GDP numbers look like, if we
used a real-world currency, like gold, or a basket of commodity prices, instead
of the paper-based U.S. dollar? What would the figures be if we measured GDP in
sound money instead of the government's funny money?
Here's how we
figured it out. We took the government numbers for nominal GDP and measured
them first against commodity prices, and later (after it began to trade freely)
gold. We used a standard commodity index (the CRB) up to 1975 and gold
post-1975. The result of this analysis shows you the real trend in U.S.
per-capita GDP, as measured on a real-world purchasing power basis.
Our analysis
shows you what's actually happened to our real standard of living. The results,
we suspect, will surprise even the most bearish among you.
America is in
a steep decline.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/porter%201.png
Americans
Are Getting Poorer – Fast
Let me
anticipate the "official" criticism of our study. Many people will
claim that our numbers aren't "real." They will say that we "mined"
the data to produce a chart that showed a steep decline.
That's simply
not so. All we've done is convert the government's nominal GDP stats into a
fixed currency value that's based on real-world purchasing power. The fact is,
our data are far more accurate than the government's because they represent the
real-world experience.
That's why our
data are far more closely correlated to other real-world studies of wealth in
America.
Consider, for
example, annual sales of automobiles. Auto sales peaked in 1985 (11 million)
and have been declining at a fairly steady rate since 1999. In 2009, Americans
bought just 5.4 million passenger cars. As a result, the median age of a
registered vehicle in the U.S. is almost 10 years.
Our data shows
that real per-capita wealth peaked in the late 1960s. Guess when we find the
absolutely lowest median age of the U.S. fleet? In 1969. At the end of the
1960s, the median age of all the cars on the road in the U.S. was only 5.1
years. Even as recently as 1990, the median age was only 6.5 years.
Rich people
buy new cars. Poor people do not.
Most
important, our data "proves" something I know many of you have felt
or perceived for many years. You've seen the decline of your neighborhoods.
You've gone years without being able to earn more money in your job. Or you've
seen your purchasing power decrease to the point where you're now substituting
lower-quality products on your grocery list for the brand-name products you
used to buy.
You can see
how much harder it is on your children to find good jobs, to buy good housing
or a new car. As a result, few people under the age of 40 have the same kind of
"life story" as their parents.
And because
they can't "make it," many have decided to "fake it." The
average college student now graduates with $24,000 in debt... and by his late
20s has racked up more than $6,000 in credit card debt. Meanwhile, median
earnings for Americans aged 25-34 equals $34,000-$38,000. (Source: Demos.org,
"The Economic State of Young America," November 2011.)
Can you
imagine starting your life out as an adult with a personal debt-to-income level
at close to 100%? What does this say about the state of our economy ? What does this say about the state of our culture?
Who
Suffers Most
It's not only
the young that are having trouble in America. It is also the old.
Debt levels
among households headed by people older than 62 have been rising for two
decades. The average mortgage size for this population is now $71,000 – five
times larger than it was in 1987 (adjusted for inflation), according to William
Apgar of Harvard's Joint
Older
Americans are also more reliant on credit card debt than ever before... credit
card debt. From 1992 through 2007 (which is the latest data available) older
Americans took on credit card debt at a faster pace than the population as a
whole. According to USA Today, lower- and middle-income Americans aged 65 and
older now carry an average of more than $10,000 in credit card debt, up 26%
since only 2005.
What in the
heck is going on? Don't Americans pay off their mortgages before they retire?
Don't they work hard during their careers, save, and invest, so they can move
to Florida and spend their retirement in comfort?
Older
Americans living with credit card debt! This doesn't sound like America, does
it? Or maybe it does.
My bet is that
most of my subscribers know that something has gone terribly wrong with
America. It's not easy to figure out how all of this happened... but you know
from your own experiences that these numbers aren't wrong. It might not be
pleasant to think about... but these figures paint a sad but accurate picture:
America is not the country it was 40 years ago. These changes are warping our
economy, politics, and culture.
In this
month's issue, I'd like to try to define a few of the core reasons we're in this
situation. I can't possibly analyze all the factors that have led to this
decline. But I want to document the growth of graft in politics. I want to
demonstrate – with real facts and examples – how public company leadership has
deteriorated. And I want to document some of the things that are occurring in
the broader society, all of which I believe are linked to this fundamental
decline in our standard of living.
You see, I
believe the decline of our country is primarily a decline of our culture.
We have lost
our sense of honor, humility, and the dedication to personal responsibility
that, for more than 200 years, made our country the greatest hope for mankind.
I want to detail some of the factors that gave rise to the current entitlement
society. We have become a country of people who believe their well-being is
someone else's responsibility.
I've labeled
these problems: The Corruption of
America.
These problems
manifest themselves in different ways across institutions in all parts of our
society. But at their root, they are simply facets of the same stone. They are
all part of the same essential problem.
The corruption
of America isn't happening in one part of our country... or in one type of
institution. It is happening across the landscape of our society, in almost
every institution. It's a kind of moral decay... a kind of greed... a kind of
desperate grasp for power... And it's destroying our nation.
The Ethos
of 'Getting Yours'
Americans
know, in their bones, that something terrible is happening. Maybe you can't
articulate it. Maybe you don't have the statistics to understand exactly what's
going on. But my bet is, you think about it a lot.
For me, a
poignant moment of recognition came this month.
Bloomberg news
published an article based on confidential sources about how Henry Paulson, the
former CEO of Goldman Sachs and the Republican U.S. Treasury secretary during
the financial crisis, held a secret meeting with the top 20 hedge-fund managers
in New York City in late July 2008. This was about two weeks after he testified
to Congress that Fannie Mae and Freddie Mac were "well-capitalized."
And yet, in
front of Congress, the U.S. Treasury secretary was saying exactly the opposite.
Either I was a liar... or he was.
He told them
the same thing I had written in my newsletter. He told them the opposite of
what he'd said publicly to Congress. He told these billionaire investors that
Fannie and Freddie were a disaster... They would require an enormous,
multibillion-dollar bailout... The U.S. government would have to take them
over... And their shareholders would be completely wiped out.
Here you had a
high-government official, explicitly lying to Congress (and by extension, the
general public), while giving the real facts to a group of people who
represented the financial interests of the world's wealthiest folks. The story
didn't come to the public's attention for
two years
This was the
most outrageous example of graft and corruption I have ever seen. Certainly it
involves more billions of dollars in misappropriated value than any other
similar story I can recall. These managers had the risk-free ability to make
tens of billions of dollars, if not hundreds of billions, by using derivatives
to capitalize on what they knew was the imminent collapse of the world's
largest mortgage bank. Who picked up the tab? You know perfectly well. It was
you and me, the taxpayers.
(One of the
investment managers present at this meeting was Steve Rattner, who by that
point was already deeply involved in another bit of graft, his efforts to bribe
New York state pension-fund managers for large investments into his hedge fund,
from which he earned perhaps as much as $100 million. He later settled the
charges for a mere $10 million shortly after Andrew Cuomo was elected governor
of New York.)
What does that
say about our country when even the most egregious kind of corruption –
involving hundreds of billions of dollars – is simply ignored?
It seems like
everyone in our country has lost his moral bearing, from the highest government
officials and senior corporate leaders all the way down to schoolteachers and
local community leaders. The ethos of my fellow Americans seems to have changed
from one of personal integrity and responsibility to "getting yours"
– the all-out attempt, by any means possible, to get the most amount of
benefits with the least amount of work.
You can see
this in everything from the lowering of school standards (revising the SAT) to
the widespread use of performance-enhancing drugs in professional, college, and
high school sports. Cheating has become a way of life in America.
I have an idea
about how this happened... about the root cause of this kind of corruption and
why it was inevitable, given some of the basic facts regarding how we've
organized our government and our corporations.
Let me show
you the numbers – the hard facts – behind what's happened to our country...’
50
Economic Numbers From 2011 That Are Almost Too Crazy To Believe The Economic Collapse | If we do not educate
the American people about how deathly ill the U.S. economy has become, then
they will just keep falling for the same old lies. December 16, 2011 ‘Even
though most Americans have become very frustrated with this economy, the
reality is that the vast majority of them still have no idea just how bad our
economic decline has been or how much trouble we are going to be in if we don’t
make dramatic changes immediately. If we do not educate the American
people about how deathly ill the U.S. economy has become, then they will just
keep falling for the same old lies that our politicians keep telling
them. Just “tweaking” things here and there is not going to fix this
economy. We truly do need a fundamental change in direction.
America is consuming far more wealth than it is producing and our debt is
absolutely exploding. If we stay on this current path, an economic
collapse is inevitable. Hopefully the crazy economic numbers from 2011
that I have included in this article will be shocking enough to wake some people
up.
At this time
of the year, a lot of families get together, and in most homes the conversation
usually gets around to politics at some point. Hopefully many of you will
use the list below as a tool to help you share the reality of the U.S. economic
crisis with your family and friends. If we all work together, hopefully
we can get millions of people to wake up and realize that “business as usual”
will result in a national economic apocalypse.
The following
are 50 economic numbers from 2011 that are almost too crazy to believe….
#1 A staggering 48 percent of all Americans are either
considered to be “low income” or are living in poverty.
#2 Approximately 57 percent of all children in the United
States are living in homes that are either considered to be “low income” or
impoverished.
#3 If the number of Americans that “wanted jobs” was
the same today as it was back in 2007, the “official” unemployment rate put out
by the U.S. government would be up to 11 percent .
#4 The average amount of time that a worker stays
unemployed in the United States is now over 40 weeks .
#5 One recent survey found that 77 percent of all U.S. small businesses
do not plan to hire any more workers.
#6 There are fewer payroll jobs in the United States
today than there were back in
2000 even though we have added 30 million extra people to the population
since then.
#7 Since December 2007, median household income in the
United States has declined by a total of 6.8% once you account for inflation.
#8 According to the Bureau of Labor Statistics, 16.6
million Americans were self-employed back in December 2006. Today, that
number has shrunk to 14.5 million .
#9 A Gallup poll from earlier this year found
that approximately one
out of every five Americans that do have a job consider themselves to be
underemployed.
#10 According to author Paul Osterman, about 20 percent of all U.S. adults are
currently working jobs that pay poverty-level wages.
#11 Back in 1980, less than 30% of all jobs in the
United States were low income jobs. Today, more than 40% of all jobs in the
United States are low income jobs.
#12 Back in 1969, 95 percent of all men between the ages
of 25 and 54 had a job. In July, only 81.2 percent of men in that age group
had a job.
#13 One recent survey found that one out of every three
Americans would not be able to make a mortgage or rent payment next month
if they suddenly lost their current job.
#14 The Federal Reserve recently announced that the
total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011
alone.
#15 According to a recent study conducted by the
BlackRock Investment Institute, the ratio of household debt to personal income
in the United States is now 154 percent .
#16 As the economy has slowed down, so has the number of
marriages. According to a Pew Research Center analysis, only 51 percent of all Americans that are at
least 18 years old are currently married. Back in 1960, 72 percent of all U.S. adults were
married.
#17 The U.S. Postal Service has lost more than 5 billion dollars over the past
year.
#18 In Stockton, California home prices have
declined 64 percent from where they were at when
the housing market peaked.
#19 Nevada has had the highest foreclosure rate in the
nation for 59 months in a row.
#20 If you can believe it, the median price of a home in
Detroit is now just $6000 .
#21 According to the U.S. Census Bureau, 18 percent of all homes in the state of
Florida are sitting vacant. That figure is 63 percent larger than it was
just ten years ago.
#22 New home construction in the United States is on
pace to set a brand new all-time
record low in 2011.
#23 As I have written about previously , 19 percent of all American men
between the ages of 25 and 34 are now living with their parents.
#24 Electricity bills in the United States have risen
faster than the overall rate of inflation for five years in a row .
#25 According to the Bureau of Economic Analysis, health
care costs accounted for just 9.5% of all personal consumption back in
1980. Today they account for approximately 16.3% .
#26 One study found that approximately 41 percent
of all working age Americans either have medical bill problems or are currently
paying off medical debt.
#27 If you can believe it, one out of every seven
Americans has at least 10 credit
cards .
#28 The United States spends about 4 dollars on goods and
services from China for every one dollar that China spends on goods and services
from the United States.
#29 It is being projected that the U.S. trade deficit
for 2011 will be 558.2 billion dollars .
#30 The retirement crisis in the United States just
continues to get worse. According to the Employee Benefit Research
Institute, 46 percent of all American workers have
less than $10,000 saved for retirement, and 29 percent of all American workers have
less than $1,000 saved for retirement.
#31 Today, one out of every six elderly
Americans lives below the federal poverty line.
#32 According to a study that was just released, CEO pay
at America’s biggest companies rose by 36.5% in just one recent 12 month period.
#33 Today, the “too big to fail ” banks are larger than ever.
The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006
and September 30, 2011.
#34 The six heirs of Wal-Mart founder Sam Walton have a
net worth that is roughly equal to the bottom 30 percent of all
Americans combined.
#35 According to an analysis of Census Bureau data done
by the Pew Research Center, the median net worth for households led by someone
65 years of age or older is 47 times greater than the
median net worth for households led by someone under the age of 35.
#36 If you can believe it, 37 percent of all U.S. households that
are led by someone under the age of 35 have a net worth of zero or less than
zero.
#37 A higher percentage of Americans is living in extreme poverty (6.7%) than has ever been measured
before.
#38 Child homelessness in the United States is now 33 percent higher than it was back in
2007.
#39 Since 2007, the number of children living in poverty
in the state of California has increased by 30 percent .
#40 Sadly, child poverty is absolutely exploding all over
America. According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in
poverty, 40.1% of all children that live in Atlanta
are living in poverty, 52.6% of all children that live in Cleveland are living in
poverty and 53.6% of all children that live in Detroit
are living in poverty.
#41 Today, one out of every seven Americans is on food
stamps and one out of every four
American children is on food stamps.
#42 In 1980, government transfer payments accounted for
just 11.7% of all income. Today, government
transfer payments account for more than 18 percent of all
income.
#43 A staggering 48.5% of all Americans live in a household
that receives some form of government benefits. Back in 1983, that number
was below 30 percent.
#44 Right now, spending by the federal government
accounts for about 24 percent of GDP. Back in 2001,
it accounted for just 18 percent.
#45 For fiscal year 2011, the U.S. federal government
had a budget deficit ofnearly 1.3 trillion dollars .
That was the third year in a row that our budget deficit has topped one
trillion dollars.
#46 If Bill Gates gave every single penny of his fortune
to the U.S. government, it would only cover the U.S. budget deficit for about 15 days .
#47 Amazingly, the U.S. government has now accumulated a
total debt of 15 trillion dollars . When Barack Obama
first took office the national debt was just 10.6 trillion dollars.
#48 If the federal government began right at this moment
to repay the U.S. national debt at a rate of one dollar per second, it would
take over 440,000 years to pay off
the national debt.
#49 The U.S. national debt has been increasing by an
average of more than 4 billion
dollars per day since the beginning of the Obama administration.
#50 During the Obama administration, the U.S. government
has accumulated more debt than it did from the time that George Washington took
office to the time
that Bill Clinton took office .
Of course the
heart of our economic problems is the Federal Reserve. The Federal Reserve
is a perpetual debt machine, it has almost completely destroyed the value of
the U.S. dollar and it has an absolutely nightmarish track record of
incompetence. If the Federal Reserve system had never been created, the
U.S. economy would be in far better shape. The federal government needs
to shut down the Federal Reserve and
start issuing currency that is not debt-based. That would be a very
significant step toward restoring prosperity to America.
During 2011 we
made a lot of progress in educating the American people about our economic
problems, but we still have a long way to go.
Hopefully next
year more Americans than ever will wake up, because 2012 is going to represent
a huge turning point for this country.’
Current
Events Summarized In Brilliant Art George Washington 12/16/2011 A picture is worth
a thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]
The
Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For
The U.S. Economy | Never in the history of the NFL has there ever been
anything like this. The
Economic Collapse another over 50 trillion dollars of total debt as
a nation, and our economic guts are being ripped out at a rate that is almost
impossible to believe. The game is essentially over and we are headed for
an incredible amount of economic pain as a nation.
We desperately
need a “political Tim Tebow” to come along to dismantle our current debt-based
economic system. But instead, the corrupt politicians in Washington D.C.
just keep patching up our current system and hope that somehow it will recover.
Unfortunately,
this is about as good as things are going to get for the U.S. economy.
The federal government and the Federal Reserve are already pushing things to
the “red line”, and all of that effort has not accomplished much.
We have been
experiencing “economic stagnation” for much of the past year, and there is not
much more that they can do to improve things under our current system.
Right now, the
Federal Reserve has pushed interest rates as low as they can go. They
can’t go any lower.
Right now, the
federal government is borrowing and spending unprecedented amounts of
money. Federal spending cannot go much higher.
Right now, we
have already seen tax cut after tax cut and virtually none of them have been
paid for. Any additional tax cuts will just send our budget deficits even
higher.
Right now, we
have already seen unprecedented intervention by the Federal Reserve. They
have done just about everything short of dropping huge bags of money over the
countryside from helicopters.
The federal
government and the Federal Reserve have done just about everything that they
can possibly do to “stimulate” the economy, and yet things just keep getting
worse.
So what is
going to happen when the federal government and the Federal Reserve quit
stimulating the economy?
As I wrote
about the other day , when evaluating the future of the U.S.
economy, it is vitally important to look at the balance sheet numbers and the
long-term trends.
When you do
that, you suddenly do not feel so good about the upward “blips” that we have
seen in the economy lately.
Yes, the
“official” unemployment rate recently went down slightly. But as Mac
Slavo recently pointed out , even
with the recent “improvement” the truth is that the “real” level of
unemployment in the United States is still well over 20 percent.
And all of the
long-term trends indicate that we heading for a massive amount of trouble.
The number of
good jobs continues to decline. Even though our population is rapidly increasing,
there are 10 percent fewer middle income jobs in the U.S. today than there were
a decade ago.
In recent
years, the employment to population ratio has been steadily declining. At
the start of the recession it was at 62.7%. Today, it is at 58.5%.
Household
incomes continue to go down as well. Since December 2007, median
household income in the United States has declined by a total of 6.8% once you account for inflation.
So why is this
happening? Well, as I wrote about recently, the United States has the
worst balance of trade in the entire world by far.
Wealth, jobs
and economic infrastructure are pouring out of this country and very few
politicians are trying to stop it.
An average of
23 manufacturing facilities were shut down every single day
That
represents a huge amount of lost jobs.
So do you hear
any political candidates talking about how they are going to stop this from
happening or about how they are going to get all of those lost jobs back?
Overall, the
U.S. has lost a total of more than 56,000 manufacturing
facilities since 2001.
So how can an
economy be great when it is constantly bleeding huge amounts of economic
infrastructure?
We have become
way too dependent on other nations for the things that we need.
How much
trouble would we be in if Saudi Arabia suddenly decided to quit shipping us oil
or if China suddenly decided to quit shipping us cheap plastic products to sell
in our stores?
Right now,
businesses are absolutely racing to get out of the United States. Big
corporations are shipping as many jobs as they possibly can out of the
country. Our insane economic policies have turned American workers into
tremendous liabilities.
One economist
from Princeton University is warning that 40
million more U.S. jobs could be sent offshore over the next two decades if
nothing is done to stop this.
So why aren’t
more politicians screaming and yelling about this?
Without good
jobs, Americans are falling out of the middle class in staggering numbers.
Since 2007,
the number of children living in poverty in the state of California has increased by 30 percent .
So is that a
sign that things are getting better or that things are getting worse?
A higher
percentage of Americans is living in extreme poverty than has ever been measured
before. Not only that, 2.6 million more Americans fell into poverty last
year. That was also a new all-time record.
So are those
signs that things are getting better or that things are getting worse?
The American
people generally do not understand why these things are happening, but they are
clearly getting frustrated.
A recent
Gallup poll found that an all-time record 76 percent of all Americans believe that
most members of Congress do not deserve to be reelected.
But when
election time rolls around, they will probably send most of them back to
Washington D.C. anyway.
Our
politicians keep kicking the can down the road, but time for doing that is
running out. The unprecedented “stimulus” efforts by the federal
government will be coming to an end sooner or later.
In a recent
article, author Bruce Krasting listed
a whole bunch of reasons why the economic can is not going to be able to be
kicked down the road much farther. The following are some of the things
that he says are scheduled to end by the beginning of 2013….
·
The Bush
tax cuts on those making more than $200k will expire.
·
The Bush
tax cuts on those making less than $200k will also expire.
·
The Patch
on AMT will expire.
·
The 2%
payroll tax holiday will expire for all workers on 12/31/12 (I’m sure the
current holiday will be rolled for another year)
·
The
99-week extended unemployment benefits die on 12/31. (The emergency benefits
will also be extended for 2012)
·
There
will have to be a budget that is approved. Alternatively, a series of continuing
resolutions is required to avert a government shutdown. We have not had an
approved budget in over 900 days.
·
2013 is
the first year that there will be mandatory caps on discretionary spending.
These limits will result in a YoY decline in government spending.
·
The
Federal Reserve has promised to keep interest rates at zero into 2013. While it
is possible that the Fed could continue the madness for even longer, the
reality is that interest rates have nowhere to go but up.
·
By
January 2013 it will be painfully evident that the country’s key social
programs, Social Security and Medicare will be running in the red at a pace
that is far higher than anyone considered possible. The need for dramatic
changes in these programs will have to come onto the table. The implications of
this will be significant.
·
In 2013
the issues of Fannie, Freddie, FHA and the Federal Home Loan Banks must be
addressed. The problems at the housing agencies has festered too long.
·
The
country will face another debt ceiling extension. The last time cost us our
AAA.
Sadly, we will probably not have to wait until 2013
to feel a whole lot of economic pain.
The reality is that a 15 trillion dollar debt and
trillion dollar yearly budget deficits are not sustainable. We have
created a situation where a horrible crash is inevitable, and there is no way
that our current debt-based system can be fixed to keep a nightmarish collapse
from happening.
During the Obama administration, the U.S. government
has accumulated more debt than it did from the time that George Washington took
office to the time
that Bill Clinton took office . That is a recipe for national
financial suicide.
Meanwhile, despite what you may have heard, the
European debt crisis has not been fixed.
Not at all.
The truth is that none of the fundamental problems
were fixed by this recent “agreement” as Ambrose Evans-Pritchard recently
noted in one of his columns ….
There is no
shared debt issuance, no fiscal transfers, no move to an EU Treasury, no
banking licence for the ESM rescue fund, and no change in the mandate of the
European Central Bank.
In short, there
is no breakthrough of any kind that will convince Asian investors that this
monetary union has viable governance or even a future.
Germany has
kept the focus exclusively on fiscal deficits even though everybody must
understand by now that this crisis was not caused by fiscal deficits (except in
the case of Greece). Spain and Ireland were in surplus, and Italy had a primary
surplus.
For many more reasons why Europe is headed for big
trouble, please read this article: “22
Reasons Why We Could See An Economic Collapse In Europe In 2012 “.
When Europe goes down, it is going to have a devastating
impact on the United States.
Meanwhile, the economies of China and Japan are also
steamrolling toward recession.
There is simply way too much debt in the world, and a
great day of reckoning is coming.
Combined, the industrialized nations of the world
borrowed more than 10 trillion
dollars this year, and that number is expected to soar even higher next
year.
Jim Cramer of CNBC stated recently that the global
economy is at “DEFCON 3, two stages from a financial collapse so huge it’s hard
to get your mind around.”
Most Americans don’t understand this yet. But
hopefully we can get more of them educated while there is still time.
The global financial system is a big shell
game. It is a gigantic mountain of debt, leverage and risk.
You would have thought that we would have learned
some key lessons from the financial crisis of 2008, but we didn’t.
Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking
assets. Right now, the top 10 U.S. banks control 77 percent of all U.S. banking assets.
Today, the “too big to fail ” banks are larger than ever.
The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006
and September 30, 2011.
So instead of doing something about the “too big to
fail” banks, they are now more “too big to fail” than ever.
As big banks and big corporations have come to
dominate our economy more than ever before, wealth and power have also become
much more concentrated….
*The wealthiest 1 percent of all Americans now
own more than a third of all the
wealth in the United States.
*The poorest 50 percent of all Americans collectively
own just 2.5% of all the wealth in the United
States.
*The six heirs of Wal-Mart founder Sam Walton have a
net worth that is roughly equal to the bottom 30 percent of all
Americans combined.
*Overall, the wealthiest one percent of all Americans
have a greater net worththan the bottom 90
percent combined .
It would be wonderful if we could send a “Tim Tebow
of politics” to Washington D.C., but instead the Democrats and the Republicans
look like they just plan to give us more of the same.
Are the Republicans really going to nominate someone
who co-sponsored 418 bills with Nancy Pelosi? The
truth is that the latest “anti-Romney candidate” isalmost a clone of Mitt Romney.
Newt Gingrich is essentially an older, ruder version
of Barack Obama. If you are counting on him to “save America” then you
are going to be incredibly disappointed.
Sadly, we just do not have nearly enough men
like Tim
Tebow in America today. The following comes from a recent profile of
Tebow that recently appeared in the Wall Street Journal ….
While at
Florida, Mr. Tebow became well known for spending his summers helping the poor
and needy in the Philippines. He also spoke in prisons and appeared to accept
every opportunity to volunteer. He encouraged his teammates and classmates to
follow his lead.
You can see video of Tim Tebow speaking to a group of
prisoners at the Lake City Correctional Facility while he was still attending
the University of Floridaright here .
Unfortunately, there is no “Tim Tebow comeback” on
the horizon for the U.S. economy at this point.
But when the U.S. economy does get worse, we can take
a cue from Tim Tebow and be very generous with those in need. There are
going to be a lot of people that will be really hurting, and those of us that
have been blessed should do what we can to help them out.
A lot of people say that my site is all
about “doom and gloom”, but telling the truth to the American people is never a
bad thing.
We do not do ourselves any favors by sticking our
heads in the sand and pretending that everything is going to be okay.
There is going to be no miracle comeback for the U.S.
economy.
A horrific economic collapse is
You better get ready.’
THE ROAD NOT
TAKEN: GLOBAL ECONOMY ON THE BRINK http://www.safehaven.com/article/23606/the-road-not-taken 12/10/2011 By David Knox Barker : ‘
A
transformational long wave crisis that spans the globe is under way. Tough
decisions must be made to pull us out of the long wave winter crisis and into a
new spring day on the other side. There are two different roads beckoning us
out of this long wave wintry mess. Make no mistake; the choice leads to
distinctly different destinations.
http://static.safehaven.com/authors/barker/23606_a.jpg
Oscar Wilde,
in his essay The Decay of Lying, famously penned the words, "Life imitates
art far more than art imitates life." Along this line of thinking, Robert
Frost's famous poem, with only one word edited (wintry), is in order. It offers
new meaning as the world grapples with the global financial, economic and
political crisis. It speaks to the far-reaching implications of the important
decisions required now for the uncertain road that lies ahead.
The Road Not Taken
Two roads diverged in a (wintry) wood,
Investors and
traders should recognize that global markets will discount the unknown future
on the road ahead far more than most are expecting as this long wave winter
bottoms in the years directly ahead, whatever road we take. Markets do not like
the unknown and buyers of the future will require a hefty discount to the cash
flows it offers, especially when perceived risks are rising fast and show no
sign of abating.
After this
final phase of the long wave winter that puts the future on sale, we can get on
with building a global economy that is better than what we are leaving behind.
The real question is what road we will take. One road leads to the serfdom and
dependence on government promises, the other to individual freedom and
unlimited potential. The road chosen will make a big difference in the world we
live in during the coming long wave spring season and global boom that lies
ahead.
The low road
offers more of the same Keynesian hopes that created this crisis. It shows more
wear. It offers greater intervention from government in hopes that the state,
even in light of recent evidence to the contrary, has the answers. The low road
grants greater powers to government and vastly higher levels of debt, fighting
debt with debt. Along this road greater national and individual sovereignty and
liberty is a required sacrifice offered to the deity of the state and its
various temples of centralized control.
The high road
offers the hope that the grand experiment of big government is actually ending
world over. The dissemination of information on the Internet suggests the old
media is losing its grip on public consciousness and its role of kingmaker.
Centralized political power is doomed. Rather than centralizing power, there
are signs the information age and technology is in the process of a quantum
leap, transforming political power in the process and returning it to its
rightful owner, the individual and their important role in society and
community. The latent potential that can be unleashed on the high road is
astounding, and it is the same world over.
Advocates of
the high road recognize that radical pro-growth and pro-job corporate tax
policies are urgently required. A low flat corporate tax rate of 15% or less in
the U.S. will force the world to follow and trigger a global growth boom and
new long wave spring. The fair-tax makes even more sense, but that is likely
asking too much of politicians that appear to have trouble understanding that
they were not elected to only enrich themselves. Have courage, this ilk is on
the way out. Most politicians believe tax reform is granting tax breaks in the
tax code for kickbacks in one form of another.
If government
spending cuts are combined with pro-growth corporate tax policies, the next
wave of Internet driven innovation will trigger a global boom in a new long
wave spring season beyond 2012. Political leaders can pursue policies that
accelerate these trends, or they can try to hold on to their rapidly failing
grip on power.
Few are aware
that the object-oriented paradigm and the object-oriented code it spawned has
played an essential role in the Internet revolution. The objectivation of the
planet is turning the Internet into an empowering force for individual freedom
and liberty. The Internet is decentralizing access to information and is
radically changing the world, including putting political power into a state of
flux.
The low road
is simply more of the same that got us here and delivered the global system to
the edge of the abyss. There are those that are loudly advocating this
well-worn Keynesian road funded by government debt, i.e., the same map that got
us here. Many advocating the low road are hoping for yearend bonus checks for all
the bad debt they would like governments to back stop and transfer onto the
backs of taxpayers. This low road is where society's resources are distributed
both up to an elite class that socialize their losses and down to an
entitlement class. The motto of the low road is clear, in the words of Ayn
Rand, "From each according to his ability, to each according to his
need."
The high road
is seldom traveled these days. It is a road of individual responsibility and
accountability for one's own decisions and actions, where thrift and prudence
gain their just reward and are not punished by the greed of others that are too
big to fail. This high road is where budgets are balanced and governments do
not spend money they do not have and therefore must borrow, or steal from its
rightful owners.
The two roads
out of the global financial crisis are coming up as the world descends in the
current business cycle. The call for the European Central Bank (ECB) to join
with the U.S. Federal Reserve and promise unlimited quantitative easing (QE)
has reached a fevered pitch. The ECB has been buying sovereign bonds on the
margin, but the idea of the ECB ratcheting up the buying of any bonds issued by
the profligate politicians is a low road choice by any standard. It is
repulsive to those accustomed to living within their means and not interested
in financing those that who do not.
The current
global system is now struggling under its glaring contradictions. The long wave
cycle points down and to a resetting of the global economic and financial
order. The world has come to an important fork in the road in the current
business cycle, the final business cycle of the long wave winter
The
entitlement class is demanding the politicians serve up the wealthiest
producers on a 1% prime mover platter, so they can, in their own words,
"eat the rich". It will of course be their last meal, but this crowd
does not think that far ahead. They have not considered that the next meal will
be the wild-eyed comrade across the table, or it will be them and their family.
In short, the
low road thinking suggests that it is possible to solve history's greatest debt
crisis with more debt and deficit spending, keeping the entitlement class
satisfied and growing. This may work marginally in this long wave cycle crisis
and a somber spring will begin belatedly, but this low road will weaken
international capitalism and likely trigger the collapse of capitalism in the
next long wave winter season, delivering the global economy onto the cusp of a
new dark age.
On the high
road, governments will actually be required to stop spending money they do not
have and balance their budgets. Investors that unfortunately make bad
investments will have to take losses and not socialize them and pass them on to
taxpayers. This appears to be a rather novel concept for many. The media and
politicians jeer at it as old-fashioned nonsense. Those with the mistaken
belief that the profits of capitalism will be able to pay the tab for the great
entitlement banquet, are rejecting as "austerity" what is only common
sense and the way our grandparents lived.
Advocates for
the low road gained the upper hand in the 2008-2009 phase of the financial
crisis. Many are now rightfully questioning this direction. Although we are now
moving toward the low road, there remains time to change, to take the high
road.
All eyes are
now on Europe. There is hope that Europe could switch to the high road, and
force the U.S. and Asia to follow. This week we learned that the new ECB
president Mario Draghi is suggesting that the ECB does not intend to backstop
governments that cannot balance their budgets, or failing banks that fund them.
German Chancellor Angela Merkel is suggesting government must bring their
budgets under control before they receive any help from the ECB. In short,
Europe is considering taking the high road. If they do, they could force the
U.S. and even the world to follow. Merkel and Draghi are pointing us toward the
high road. Those clamoring for more QE to off load their bad debts on you, your
children and your grandchildren, so they can get their Christmas bonuses,
typically work the tollgates on the low road.
The statement
out of the European Union meeting this week suggests there remain leaders that
are advocating the high road; let us pray they can provide the leadership to
make it happen. They are asking governments to cut spending and move toward
balanced budgets before the ECB steps in and buys larger amounts of sovereign
debt. Draghi appears to be the sort that will wait for tangible evidence and
real cuts before backstopping anyone. Chairman Bernanke should take notes and
shake off his fear of deflation.
Great pressure
is being applied to the ECB to jettison their single mandate of price stability
in Europe and join the U.S. Federal Reserve by becoming the buyer of last
resort. This is clearly a low road option. If the ECB caves to this pressure,
odds rise sharply that the low road is our destiny. If the infrastructure
obsessed Bank of China (BOC) keeps the monetary pedal to the metal it will also
indicate the low road may be the one the world travels, but they may just take
their cue from the ECB. There is evidence that even some of the leaders of
communist-capitalism can recognize the advantages of the high road.
On the low
road, concerted global QE will cause the global crisis and long wave winter to
drag on longer than it will on the high road. With global QE that buys bad
debt, the business cycle lows in 2016 will be inflation-adjusted long wave lows
as debt is monetized and inflation steals from real returns. Capital will be
slow to commit to the new global long wave spring season and it will get off to
a much slower start than possible on the high road. Government picks winners
and losers on the low road. That plan has not worked out so far, e.g. Solyndra,
etc.
The map for
the high road is real deficit reduction in the U.S. and in Europe, not just
smaller increases, and aggressive pro-growth corporate tax reform; not endless
talk, but action. On the high road, the decline of the business cycle will
sharper and swifter than most expect. Required writedowns of bad debt
investments, necessary government spending cuts and debt deleveraging will not
come without pain. On the high road the decline of the business cycle will most
likely be a sharp V shaped deflationary recession/depression into late 2012,
and possibly mid-2013.
The chart
below demonstrates this possible scenario using Market Cycle Dynamics software
running with Metastock. The global economy and international markets are a
complex system. The low road will not stop the cycles; it will only lengthen
the cycles and lead the world inexorably toward chaos and a greater collapse.
The high road will restore order and a global boom. A new long wave spring
season of global prosperity is what the high road offers.
http://static.safehaven.com/authors/barker/23606_b.png
On the high
road, the global economy will make the turn and come roaring out of the V
shaped deflation and debt liquidation and into a new long wave spring within 18
months. Hard work, risk taking and ability are what will pick the winners along
the high road. The road we choose to travel will determine how and when this
business cycle and long wave winter season ends. The road we take will make all
the difference.’
The
Worldwide Depression/Recession Of 2012
Jeff
Harding Dec 09, 2011 ‘While we're seeing some positive numbers in the US,
we're also seeing signs of weakness. And since we live in a world of
international trade, the world's woes will hit us. (Read
more: http://www.minyanville.com/businessmarkets/articles/eurozone-euro-eurozone-crisis-sovereign-debt/12/9/2011/id/38294#ixzz1g7Hfhu3K In case you haven’t noticed, the rest of the world continues to slow
down and the negative data trade Bloomberg article, “Central banks across five
continents are undertaking the broadest reduction in borrowing costs since 2009
to avert a global economic slump stemming from Europe’s sovereign-debt
turmoil.”interest rate result :
Manufacturing production falls at fastest rate
in three months; the lowest service sector growth since August; Overall input costs fall for the first month
since July 2010; Service sector business optimism second-lowest
in series history.
China’s frequent monetary stimulus, along with
government real estate policies, keeps feeding their real estate boom-bust
cycles.commodities depending on what the Fed does , it is likely we’ll go
Japanese as well.http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%201%20Markit-JPM-Global-Main-PMI-Regional%20Nov%202011.png
Click to enlarge
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%202%20KMPG_Market-Wordwide-Regional%20PMI%20Nov%202011.png
Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%203%20Markit-HSBC-China-PMI-Germany%20Composite%20Nov%202011.png
Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%204%20Markit-Eurozone-PMI-GDP-Input%20prices%20Nov%202011.png
Click to enlarge N.B. America’s
Great Depression
http://www.minyanville.com/businessmarkets/articles/eurozone-euro-eurozone-crisis-sovereign-debt/12/9/2011/id/38294#ixzz1g7IPeEEi
MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded
[This brief video explains causal links (some
even adding that they’re all jewish)
between OTC derivatives, the financial crisis of 2008, Alan Greenspan,
Robert Rubin, Larry Summers, Jon Corzine and MF Global. [ It’s time for all
people to know and understand how they, america and the rest of the world, have been done-in by fraudulent wall street greed /
crime, u.s. government corruption, and media/u.s.government complicity by
silence, coverup, and overt criminal acts to protect the perpetrators (the
following 10 minute video is purposely simplistic enough for even the
previously most gullible dupes to understand, including the insurmountable
magnitude of the problem/fraud/crime requiring action and prosecutions. Yes, it
is true ‘what a tangled web they’ve weaved, when in greed they’ve deceived, and
fraudulently keep the money they’ve received, as all the respective nations of
the world continue to bleed’!) ]; http://www.youtube.com/watch?v=PTUY16CkS-k (6 minutes-well worth it). ·
How the U.S. Will
Become a 3rd World Country (Part 1)
·
Globalization and
Global Chaos
·
Into the Abyss:
The Cycle of Debt Deflation
·
OTC Derivatives:
Failed Banks or Failed Nations?
·
Bernanke's
Dilemma: Hyperinflation and the U.S. Dollar
·
Madmen, Gamblers,
Alcoholics, the U.S. Dollar and Gold
SPX Update: Sell the Bounce Jason Haver
Nov 29, 2011 ‘This bounce might not last long, and new lows are expected to
follow .
Nouriel
Roubini: Government Gridlock ‘Ensures’ 2012 Recession Daily Ticker - Nov 23, 2011 {Tell me something that’s
not already begun and that I don’t know! Tell us something we don’t know! Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ Prelude To Meltdown David
Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day
Depression” Zero Hedge , David
Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine...
All With A Surprise Ending Durden , This
is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital Research) }
$707,568,901,000,000:
How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107
Trillion In 6 Months Durden
on 11/26/11
DATA
SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY [ Duh! Ya think? ] Jeff Harding Nov 23, 2011 http://www.minyanville.com/buzz/buzzalert/data-summary-shows-the-us/11/23/2011/id/146675?camp=syndication&medium=portals&from=yahoo
The Crossroad something is going to happen Today data Price Indices
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards1.png http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards2.png http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards3.png
Industrial Production http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards4.png Manufacturing factory sector output http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards5.png ISM Manufacturing Index http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards6.png
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards7.png Business Sales steady
Businesses
Retail Sales http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards8.png
Wages and Earnings unchanged average workweek Bank Credit Consumer credit Consumer credit Revolving credit decreased nonrevolving credit increased http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards9.png
Business credit Fed’s H.8
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards10.png
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards11.png
average loan size business
customers Keefe, Bruyette & Woods
confirmed by the Fed’s http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards12.png
International Trade positive
The US trade deficit unexpectedly improved in
September, but a significant part of it appears to have been related to flight
to safety to gold during September’s weak financial markets. The September trade
gap shrank to $43.1 billion from $44.9 billion in August. The latest shortfall
was narrower than analysts’ expectations for a $46.3 billion deficit. Exports
gained 1.4 percent after edging up 0.1 percent in August. Imports rose 0.3
percent in September, following a 0.2 percent decline the prior month.
substantial driver http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards13.png
International Capital Flows continues to flow into the US
Volatility in international financial markets made
for a second straight month of increasing inflow into long-term US securities
Summary
#1. Industrial production (manufacturing and
services) is continuing a flat to declining trend that has been going on
since the second quarter of 2010. Manufacturing has shown recent growth, but it
mirrors the negative to flat trend. Capital goods orders have improved,
reflecting technological upgrades (which is also mirrored in software business
credit rebounded substantially
#1. Unemployment disposable income Personal savings post-crash high consumption third-quarter boos pent-up demand top 5% of earners historically very high substantially reduced sovereign debt government spending euro crisis heading into recession all economies annual deficit Unfunded liabilities MF Global malinvested assets food stamps; angry and disaffected
population
Reminder: This is part one of a two-part series.
The second half will be published on Minyanville on Friday, November 25.’
25
Bitter And Painful Facts About The Coming Baby Boomer Retirement Crisis That
Will Blow Your Mind The Economic Collapse | For decades we were warned that
when the Baby Boomers started to retire that this country would be facing a
retirement crisis of unprecedented magnitude. The
Economic Collapse
‘For decades
we were warned that when the Baby Boomers started to retire that this country
would be facing a retirement crisis of unprecedented magnitude. Well,
that day has arrived ladies and gentlemen. Back on January 1st, the Baby
Boomers began to retire and more than 10,000 of them will be retiring every
single day for years to come. Most of them have not saved up nearly
enough money for retirement. At the same time, private sector pension
plans are failing all over the place, hundreds of state and local government
pension plans from coast to coast are woefully underfunded, and the Social
Security system is on the road to complete and total disaster. A massive
wave of humanity is hitting retirement age at a moment in history when the U.S.
economy is coming apart at the seams. We do not have the resources to
keep the promises that we made to the Baby Boomers, and most of them have not
made adequate preparations for retirement. What we have is a gigantic
mess on our hands, and millions of Baby Boomers are going to find retirement to
be very bitter and very painful.
A lot of
younger Americans just assume that Social Security is enough to take care of
the needs of elderly Americans. But that is just not the case.
Have you ever
tried to live solely on a Social Security check?
It is not
easy. The truth is that those checks are just not that large.
The following
comes directly from the Social Security
Administration ….
The average
monthly Social Security benefit for a retired worker was about $1,177 at
the beginning of 2011.
Could you live on less than 300 dollars a week?
And keep in mind that the $1,177 monthly figure is
just an average. Many receive a lot less than that.
In addition, Social Security benefits have been
seriously squeezed by inflation in recent years. The cost of food and
other basics has risen briskly and Social Security benefits have not.
Today, many elderly Americans have to make a choice
between buying food, heating their homes or buying medicine that they
need. They simply do not have enough money to do all of them.
It would have been nice if all of the Baby Boomers
had been busy saving money for retirement all these years, but that just did
not happen. In fact, the Baby Boomers as a group are trillions of dollars
short of what they need for retirement.
So why doesn’t the U.S. government step in to help
them out?
Well, the reality of the situation is that the U.S.
government is flat broke. The federal government is now over 15 trillion dollars in debt. During the
Obama administration so far, the U.S. government has accumulated more new debt
than it did from the time that George Washington took office to the time
that Bill Clinton took office .
Lawmakers are already looking at ways to make the
Social Security program less costly. No, the federal government is not
going to be riding to the rescue.
In fact, it will be a minor miracle if the Social
Security program is able to survive until the end of this decade, and it will
be a major miracle if the Social Security program is able to survive until
2030.
As for myself, I do not believe that I will ever see
a single penny from Social Security, and many other working age Americans feel
the same way.
Retirement is supposed to be a fun time, but sadly
most Americans that are approaching retirement age are not going to have any
“golden years” to look forward to.
Rather, millions of elderly Americans are going to
find the years ahead absolutely agonizing as they struggle just to survive.
The following are 25 bitter and painful facts about
the coming Baby Boomer retirement crisis that will blow your mind….
#1
According to the Employee Benefit Research Institute, 46 percent of all American workers have
less than $10,000 saved for retirement, and 29 percent of all American workers have
less than $1,000 saved for retirement.
#2
According to a recent poll conducted by Americans for Secure Retirement,88 percent of all Americans are worried
about “maintaining a comfortable standard of living in retirement”. Last
year, that figure was at 73 percent.
#3
A study conducted by Boston College’s Center for Retirement Research has found
that American workers are $6.6 trillion short of
what they need to retire comfortably.
#4
Today, one out of every six elderly
Americans lives below the federal poverty line.
#5
On January 1st, 2011 the very first Baby Boomers started to retire. For
almost the next 20 years, more than 10,000 Baby
Boomers will be retiring every single day.
#6
At the moment, only about 13 percent of all Americans are 65 years of age or
older. By 2030, that number will soar to 18 percent .
#7
Right now, there are somewhere around 40 million senior citizens. By 2050
that number is projected to increase to 89 million .
#8
Back in 1991, half of all American workers planned to retire before they
reached the age of 65. Today, that number has declined to 23 percent .
#9
According to one recent survey, 74 percent of American workers expect to
continue working once they are “retired”.
#10
According to a recent AARP survey of Baby Boomers, 40 percent of them plan to work
“until they drop”.
#11
A poll conducted by CESI Debt Solutions found that 56 percent of American retirees still
had outstanding debts when they retired.
#12
A study by a law professor at the University of Michigan found that Americans
that are 55 years of age or older now account for 20 percent of all bankruptcies in the
United States. Back in 2001, they only accounted for 12 percent of all
bankruptcies.
#13
Between 1991 and 2007 the number of Americans between the ages of 65 and 74
that filed for bankruptcy rose by a staggering 178 percent .
#14
What is causing most of these bankruptcies among the elderly? The number
one cause is medical bills. According to a report published in The
American Journal of Medicine, medical bills are a major factor in more than 60 percent of the
personal bankruptcies in the United States. Of those bankruptcies that
were caused by medical bills, approximately 75 percent of them involved
individuals that actually did have health insurance.
#15
Public retirement funds all over the United States are woefully
underfunded. For example, it has been reported that the $33.7
billion Illinois Teachers Retirement System is 61% underfunded and is on the
verge of complete collapse.
#16
Most U.S. states have huge pension obligations which threaten to bankrupt
them. For example, pension consultant Girard Miller told California’s
Little Hoover Commission that state and local government bodies in the state of
California have $325 billion in combined unfunded
pension liabilities. When you break that down, it comes to $22,000
for every single working adult in the state of California.
#17
Robert Novy-Marx of the University of Chicago and Joshua D. Rauh of
Northwestern’s Kellogg School of Management have calculated the combined
pension liability for all 50 U.S. states. What they found was
that the 50 states are collectively facing $5.17 trillion in pension
obligations, but they only have $1.94 trillion set aside in state pension
funds. That is a difference of 3.2 trillion dollars . So
where in the world is all of that extra money going to come from?
#18
According to the Congressional Budget Office, the Social Security systempaid
out more in benefits than it received in payroll taxes in 2010. That
was not supposed to happen until at least 2016. Sadly, in the years
ahead these “Social Security deficits” are scheduled to become absolutely
nightmarish as hordes of Baby Boomers retire.
#19
In 1950, each retiree’s Social Security benefit was paid for by 16 U.S. workers. According to new data from the U.S.
Bureau of Labor Statistics, there are now only 1.75 full-time
private sector workers for each person that is receiving Social Security
benefits in the United States.
#20
The U.S. government now says that the Medicare trust fund will run outfive years faster than they were
projecting just last year.
#21
The total cost of just three federal government programs – the Department of
Defense, Social Security and Medicare – exceeded the total amount of taxes
brought in during fiscal 2010 by 10 billion dollars .
In the years ahead expenses related to Social Security and Medicare are
projected to skyrocket dramatically.
#22
The Pension Benefit Guaranty Corporation is the agency of the federal
government that pays monthly retirement benefits to hundreds of thousands of
retirees that were covered under defined benefit pension plans that
failed. The retirement crisis has barely even begun and the PBGC is
already dead broke. The PBGC says that it ran a deficit of $26 billion during the fiscal year that
just ended and that it will probably need a huge bailout from the federal
government.
#23
According to a survey by careerbuilder.com, 36
percent of all Americans say that they don’t contribute anything at
all to retirement savings.
#24
More than 30 percent of all investors in the United States that are currently
in their sixties have more than 80 percent of their
401k plans invested in equities. So what is going to happen to them if
the stock market crashes?
#25
A survey taken earlier this year found that 20 percent of all U.S.
workers admitted that they had postponed their planned retirement age
at least once during the last 12 months. Back in 2008,
that number was only at 14 percent .
Our politicians should have addressed the retirement
crisis decades ago before we got to the point of being in debt up to our eyeballs.
It is being projected that the U.S. national debt
will hit 344% of GDP by the year 2050, and the
Congressional Budget Office says that U.S. government debt held by the
public will reach a staggering 716% of GDP by the year 2080.
Obviously those figures will never be reached because
our financial system would totally collapse long before then.
So what do we do?
We have tens of millions of elderly Americans that
are completely and totally dependent on Social Security and Medicare, but those
programs also threaten to bankrupt us as a nation.
Anyone that believes that there is a “quick fix” to
these issues is being naive.
The “supercommittee ” was supposed to address this problem,
but they failed so spectacularly that they have become a national joke.
Sadly, most of our politicians just keep kicking the
can down the road. They hope that somehow things will just magically
“work out”.
Well, the truth is that things are not going to “work
out”. The poverty level among the elderly is going to continue to
increase. Pension plans all over this nation are going to continue to
fail in staggering numbers. Social Security and Medicare are going to
bleed more red ink with each passing year.
Something should have been done about this problem a
long, long time ago.
But it wasn’t.
This crisis was ignored, dealing with it was put off
time after time and all the doomsayers were laughed at.
Now the crisis is here, and we are all going to pay
the price.’
Presenting
Russell Napier's Greatest Hits Durden
on 11/20/2011 Anatomy
of the Bear , who only together with Albert Edwards, has predicted that the
S&P would
eventually drop to 400 . Napier has articulated some fantastic insights on
the generational cycle, bear market bottoms and currencies in recent years. His
insights, unlike those of TV pundits whose soundbites are only there to fill
the gap between two ad segments, are always something to look forward to.
Something
Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 We have been
getting MAJOR warning signs of a collapse for months now. No less than the Bank
of England, the IMF, and legendary asset management firm Franklin Templeton
have warned that we are...
One
Interesting Thing About the Leading Indicators Report The Wall
Street Journal (Fri, Nov 18) { How about the most interesting thing about
‘leading economic indicators’ from mooshy mish shedlock is the weighting
accorded M2 and stock prices [who seems to have forgotten his own ‘unequivocal
declaration’ ( Global
Recession: Right Here, Right Now at
Minyanville Mike Shedlock Sep
02, 2011 which by the way was correct –almost, actually
a depression- and now equivocates saying ‘Financial
Crisis Phase II Is Ahead at Forbes Bert
Dohmen ‘ Prelude To Meltdown David
Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day
Depression” Zero Hedge , David
Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine...
All With A Surprise Ending Durden , This
is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital Research) :
‘Chris
Puplava took a good hard look at the LEI in Fool Me Once, Shame on You. Fool Me Twice, Shame on Me .
One
of the things that many market commentators and research houses have pointed at
to support their bullish outlook on the stock market are the leading economic
indicators. I have had the sneaky suspicion that the aggressive and
unprecedented actions on the part of the Fed have played a significant role in
the LEI given a misleading signal as to an economic turnaround it is
forecasting, while the economic components would likely paint a different
picture. It is important to understand the makeup of the Conference Board’s
Leading Economic Index (LEI) and the weights that each component makes up of
the LEI. Below is the breakdown of the ten indicators that make up the LEI and
their respective weights in the index. As seen below, the three financial
indicators make up approximately 50% of the LEI while the seven economic
components make up the other 50%, with the M2 money supply alone making up
35.8% of the total LEI. Money makes the world go round, I guess, according to
the LEI.http://1.bp.blogspot.com/_nSTO-vZpSgc/Ss2QhpYTrCI/AAAAAAAAHBw/aXOmraxEhEc/s400/LEI+components.png
http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2R7PXY8qI/AAAAAAAAHB4/vCLw0ub9wzY/s400/LEI-YY-%25change.png
http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2SVk6uicI/AAAAAAAAHCA/b69hK64Ycto/s400/Zero+Hour.png
http://2.bp.blogspot.com/_nSTO-vZpSgc/Ss2S_Aqy0rI/AAAAAAAAHCI/KZv4Rc8hAR0/s400/LEI-YY-%25change2.png
Something
Big Is Coming... and It's Going to Be BAD Phoenix Capital... 11/18/2011 ‘We have been
getting MAJOR warning signs of a collapse for months now. No less than the Bank
of England, the IMF, and legendary asset management firm Franklin Templeton
have warned that we are... Something major is occuring in the markets today.The
US economy peaked in 2007. However, throughout much of 2008, the stock market
continued to rally despite the economic collapse as well as the financial
system imploding.Throughout this period the credit markets jammed up and
implied something VERY BAD was in the system. However, stock investors
continued to pile into stocks because, well, frankly stocks always are the last
to "get it."And when stocks finally did get it... it was quite a
thing.This same environment is occurring today. Only this time the collapse is
sovereign in nature: entire countries are going bust.We have been getting MAJOR
warning signs of a collapse for months now. No less than the Bank of England,
the IMF, and legendary asset management firm Franklin Templeton have warned
that we are facing an epic, hellish crisis.We got the first taste of this in
August when the S&P 500 literally wiped out a year's worth of gains in two weeks
The only thing that brought us back from the brink at that time was the belief
that the EU mess might be solvable and a coordinated intervention from the
world Central Banks.We then had a spirited rally as the Fed and central banks
went "all in" to force the stock market above its 200-DMA.This final
"hurrah" has failed and the financial system is literally imploding.
The EU will be broken up in the next month or so and it is highly likely
Germany will back out of the Euro altogether.Moreover, the world central banks
are now totally out of ammunition. They've spent Trillions of Dollars in
bailouts, abandoned accounting standards, and even moved TRILLIONs in garbage
debt onto the public's balance sheet.None of this has worked. The credit
markets are jammed up just like in 2008. Italy, the third largest bond market
in the world, is on the verge of default. No one wants to fund the EFSF. China
is entering a hard landing and economic collapse. The US is in a clear
depression.And on and on.This is the single most dangerous market environment
of our lifetimes. We are entering a period of massive wealth destruction.
We will see bank holidays and civil unrest. We will see sovereign defaults. We
will see temporary shortages in various goods and services.So if you have not
already taken steps to prepare for systemic failure, you NEED to do so NOW.
We're literally at most a few months, and very likely just a few weeks from
Europe's banks imploding…’
Train
Reading: Does Water Prevent Dehydration? The EU Says No. The Wall Street Journal
The
next financial crisis will be hellish, and it’s on its way Nov 17th, 2011
(Forbes) —‘ “There is definitely going to be another financial crisis around
the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any
of the things that caused the previous crisis.”We’re raising our alert status
for the next financial crisis. We already raised it last week after spreads on
U.S. credit default swaps started blowing out. We raised it again after seeing
the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at
Templeton Asset Management…”Prior to the bursting of the credit bubble, the
public was shocked to learn that our biggest investment banks were levered
30-to-1. When asset values fell, those banks were quickly wiped out. But now
the Fed is holding many of the same types of assets and is levered 51-to-1! If
the value of their portfolio were to fall by just 2%, the Fed itself would be
wiped out.”[source ]’
The
next financial crisis will be hellish, and it’s on its way
http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html Addison Wiggin | Forbes – Wed, Nov 16, 2011’ "There is definitely going to be another financial crisis around
the corner," says hedge fund legend Mark Mobius, "because we haven't
solved any of the things that caused the previous crisis."
We're raising
our alert status for the next financial crisis. We already raised it last week
after spreads on U.S. credit default swaps started blowing out. We raised
it again after seeing the remarks of Mr. Mobius, chief of the $50 billion
emerging markets desk at Templeton Asset Management.
Speaking in
Tokyo, he pointed to derivatives, the financial hairball of futures, options,
and swaps in which nearly all the world's major banks are tangled up.
Estimates on
the amount of derivatives out there worldwide vary. An oft-heard estimate is
$600 trillion. That squares with Mobius' guess of 10 times the world's annual
GDP. "Are the derivatives regulated?" asks Mobius. "No. Are you
still getting growth in derivatives? Yes."
In other
words, something along the lines of securitized mortgages is lurking out there,
ready to trigger another crisis as in 2007-08.
What could it
be? We'll offer up a good guess, one the market is discounting.
Seldom does a
stock index rise so much, for so little reason, as the Dow did on the open
Tuesday morning: 115 Dow points on a rumor that Greece is going to get a second
bailout.
Let's step
back for a moment: The Greek crisis is first and foremost about the German and
French banks that were foolish enough to lend money to Greece in the first
place. What sort of derivative contracts tied to Greek debt are they sitting
on? What worldwide mayhem would ensue if Greece didn't pay back 100 centimes on
the euro?
That's a
rhetorical question, since the balance sheets of European banks are even more
opaque than American ones. Whatever the actual answer, it's scary enough that
the European Central Bank has refused to entertain any talk about the holders
of Greek sovereign debt taking a haircut, even in the form of Greece stretching
out its payments.
That was the
preferred solution among German leaders. But it seems the ECB is about to get
its way. Greece will likely get another bailout — 30 billion euros on top of
the 110 billion euro bailout it got a year ago.
It will
accomplish nothing. Going deeper into hock is never a good way to get out of
debt. And at some point, this exercise in kicking the can has to stop. When it
does, you get your next financial crisis.
And what of
the derivatives sitting on the balance sheet of the Federal Reserve? Here's
another factor behind our heightened state of alert.
"Through quantitative easing efforts
alone," says Euro Pacific Capital's Michael Pento, "Ben Bernanke has
added $1.8 trillion of longer-term GSE debt and mortgage-backed securities
(MBS)."
Think about
that for a moment. The Fed's entire balance sheet totaled around $800 billion
before the 2008 crash, nearly all of it Treasuries. Now the Fed holds more than
double that amount in mortgage derivatives alone, junk that the banks needed to
clear off their own balance sheets.
"As the
size of the Fed's balance sheet ballooned," continues Mr. Pento, "the
dollar amount of capital held at the Fed has remained fairly constant. Today,
the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.
"Prior to
the bursting of the credit bubble, the public was shocked to learn that our
biggest investment banks were levered 30-to-1. When asset values fell, those
banks were quickly wiped out. But now the Fed is holding many of the same types
of assets and is levered 51-to-1! If the value of their portfolio were to fall
by just 2%, the Fed itself would be wiped out."
Mr. Pento's
and Mr. Mobius' views line up with our own, which we laid out during interviews
on our trip to China this month.
An
Eye on the Next Financial Crisis by Addison Wiggin originally appeared in the Daily Reckoning .’
Tighter
Credit Suggests Stocks Should Fall The Wall Street Journal ‘
It might only
be a matter of time before stocks catch up, however.
The US market
has been buoyed by a string of better-than-expected economic reports that have
helped encourage the belief that the US is a relatively safe haven, insulated
from the problems of Europe.
But these data
are coincident, or lagging, data at best, warns Mike Darda of MKM Partners.
Leading indicators are found in the credit markets and are pointing to tighter
financial conditions — and lower stock prices — in the future:
Pressures on
sovereign debt markets in Europe have created concerns about collateral
and capital in the European banking system, pushing funding
spreads sharply wider (two-year euro interest rate swap spreads
hit 114 bps today, a new 2011 high and not far from the
October 2008 peak of 126 bps).
These pressures
are also affecting the U.S. financial system and credit markets.
Two-year interest rate swap spreads in the U.S. have hit new 2011
highs above 50 bps; three-month FRA/OIS spreads (based on
expectations of LIBOR settings) hit 70 bps today. Three-month
dollar LIBOR has set higher every day since late July.
Although U.S.
credit markets are not nearly in the condition that European
credit markets are, they are nonetheless deteriorating, which is one reason
we should not take too much comfort in recent coincident data on sales and
production that have yet to reflect the tighter financial conditions now
in place.
U.S.
short-term funding indicators suggest corporate-quality spreads could rise by
more than 40%, a move that would likely spark at least a 10%-15% decline
in the S&P 500 from current levels. FRA/OIS spreads tend to lead corporate spreads by
about one month. They also have led the S&P 500 equity index by about
that interval over most of the last two years. At current levels (near
70 bps), the FRA/OIS spreads suggest corporate spreads will widen by
40-50%. This would be tantamount to Baa/Aaa spreads rising to 190
bps from 127 bps, which would mark new highs for the year.
A similar surge in
high yield spreads from here would place them at 669 bps,
also new highs for the year. The S&P 500 equity index,
which tends to move inversely to the level of credit
spreads, would most likely decline by at least 10%-15% if
this scenario unfolds, which would place the S&P
500 back below 1100.
As for
the recent patch of stronger-than-expected economic data, let’s not
forget that real GDP expanded by 3.6% in Q207 and then by 3% in Q307,
right as the business cycle peaked. Credit markets and financial
conditions lead the business cycle; coincident data tell us
where we are or have been. At
turning points, coincident data—which tend to be extrapolated forward
by Wall Street forecasters—can be misleading.
The Chart That Trumps Analysts Call for a Year-End Rally Simon Maierhofer | ETFguide
What do Tiger
Woods and Bill Miller have in common? — Abnormal Returns { So absolutely preposterous is the notion
(as per this article) of comparison of golf / golfers, to stock trading /
traders, I felt compelled to comment here for the record. I’ve always viewed
golf / golfers in a favorable light. Indeed, as kids we literally ‘did
everything’ at the affluent ‘Arcola Country Club’ [which bordered the ‘Rainbows
End’ riding stables (horses) for hire to the public]. From hunting, to fishing,
to sleigh-riding, to ice-skating / hockey, to campfires on the ice at night, to
of course, golfing ‘the back-nine’ with golf balls amply supplied from ‘the
rough’, we were ‘tacitly approved’ interlopers whose occasional interaction
with the extremely civilized affluent members was always amicably cordial and a
pleasure. While I always liked golf and admire the skill involved, I hardly
considered it a ‘sport’ per se (and for me and my body type, insufficient
exercise for the amount of time spent). Rather, I thought of golf as a
gentleman’s indulgent diversion, and the golf course itself a place of
peaceable beauty. Those are good things. On the other hand, traders and wall
street particularly are so sordid and despicable so as to make any such
comparisons a stretch at best and sheer nonsense at worse. There are very few
successful traders over time as probabilities eventually catch up. Moreover,
‘inside help’ / connections eventually (except for the biggest frauds – ie.,
the big [ still unprosecuted ] boys, ie., goldmans, et als) dry up, fade away
like old (mafia foot) soldiers. Additionally, the high volume computerization /
programmed / manipulated High Frequency Trading have left most not connected to
said churn-and-earn scam / fraud in the dust. No … do not insult golfers by
comparing them with traders; and, do not disparage golf by speciously comparing
it to trading or any other sordid activity connected to fraudulent wall street;
they are as dissimilar as ‘day and night’. }
What do
financial stocks and Russian roulette have in common? — Reformed Broker
The Super
Committee’s worst-case scenario — The Atlantic
Should some
bankers be prosecuted? — New York Review of Books
Learning to
love a lost decade — FT Alphaville
ADP chief’s
exit followed SC arrest — Footnoted
Live updates
of Occupy Wall Street today, with videos, photos — The Atlantic , New York Times
The markets
are getting nothing for Christmas — Market Anthropology
The ECB’s
monetary policy game for the iPhone is suitably policy constricted — Reuters
Large Hadron
Collider may have found crack in modern physics — Wired
Stocks
sink after Fitch warns on US bank exposure AP
Citi
Economist Warns of Imminent Spanish, Italian Default The Wall
Street Journal (11-16-11)
Euro-Dollar
Basis Swap Cost at 2008 Crisis Levels
The Wall Street Journal
Financials
Drag Market Lower, Fitch Raises Doubts About Euro Hedge Effectiveness The Wall Street Journal Gongloff (11-16-11)
Stocks Making Risky Bet on Massive ECB Money
Printing The Wall Street Journal
Bob
Chapman: Surviving The Banker Sociopaths The Alex Jones Channel | Alex
talks with regular Friday guest Bob Chapman of the International Forecaster.
Ignore The Noise Of High Frequency Trading Forbes Ken Kamen [ Unfortunately, though not a perfect
analogy, that’s like having said, ignore dillinger, sutton, etc., because the
banks will still be open the next day (after their robberies). The problem is
that ‘money’ siphoned off by the ‘churn-and-earn’ has to come from some place;
viz., ie., main street, tax payers, etc.. Dave’s Daily
http://www.etfdigest.com ‘Perhaps
this is now the “no news is good news” market since a rally on Berlusconi’s
resignation is beyond irrational. But, we’re long so I shouldn’t complain too
much even though emotionally there isn’t much to like overall. The only bullish
thing is the action of the tape and this is the season when bulls can make
their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself
in the video interview below. The presentation contains two parts: the first
outlines HFT basics—how they work and their controversial impact on financial
markets. The second part we discuss how traders can benefit or make money by
using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY
[ ‘Off to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks.
Not because he’s a trader, but because he’s selling this ‘very functional in
terms of what’s going on’ package. The truth is that even today, at lightning
speeds, there are very few successful traders (as distinguished from investors,
and there is a huge distinction, though much less so today)(over the longer
term and is akin to the apposite old adage, ‘you can win a race but you can’t
win at the races’). Indeed, some companies / brokerages employ them just for
the volume / commissions they produce. Most telling, in this video, is the
beginning wherein it’s explained that in literally a second(s), mere quotes can
give rise to revenue (as with commissions, pieces of the action) which has to
come from someplace. The problem is that ultimately, this ‘churn-and-action’
computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is
without any economic utility whatsoever in real economic terms as are
commissions in ‘after-market stock trading’ (as distinguished from initial ipo’s)
that are tantamount to a tax on the real economy; hence, the benefit to the
frauds on wall street at the expense of and to the detriment of main street,
taxpayers, and the populace in general, as we’ve seen and continue to see. ‘Remember, there is no modern day alchemy that
spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. They’re just not that important and represent, like termites eating
away at the nation’s foundation, a drag on the economy, the nation as one would
expect from parasites such as they are’ . What
to Expect Next From the Markets
Minyanville Jeffrey Cooper ‘Conclusion:
It looks like a program was run using the least amount of dollars to goose the
indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and
Caterpillar { Dave’s
Daily:’.. The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’} Then there’s the fed complicity in these various wall street scams
by way of QE’s / dollar debasement which of course benefits the frauds on wall
street to the detriment of literally everyone else. ] So, as indicated stock prices shot higher on the
Berlusconi news. Gold prices saw some profit-taking, the dollar was weaker,
commodities stronger and bonds weaker.Volume was on the light side and breadth
per the WSJ was quite positive…’
This
is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital
Research on 11/09/2011 [ Mr. Summers is quite right! That’s reality! ] we’d
need to write off between $4-4.5 TRILLION in household debt (an amount equal to
about 30% of total household debt outstanding).
Do Valuation Metrics Still Apply or Has The Market Become
Untradable? Simon Maierhofer Etf Guide [ Short answers: No and yes the
market has become ‘untradable’ for investors. I would add that the ‘debased
dollar policies’ (ie., QE’s, overprinting of paper currencies / dollars, etc.)
enable sales / revenues to be booked with ‘more’ of the inflated dollars
relative to costs booked at the ‘fewer / greater value’ dollars which spikes
earnings but leads to the inevitable margin erosion when the reported costs
‘catch up’ in terms of inflated ‘Weimar’ dollars. Hence, even the averages when
deflated for real inflation (see Faisal infra) show a far less sanguine picture
(than say, hard assets, ie., gold, etc.). Even more important is the effect of
the HFT programmed trades (the current article follows):…
Hit
With Big Withdrawals, Fed Sells Assets, Borrows Cash ilene : 11/06/2011 - 17:13 We'll have to see
what hits the fan this week.
Dave’s Daily
http://www.etfdigest.com ‘Perhaps
this is now the “no news is good news” market since a rally on Berlusconi’s
resignation is beyond irrational. But, we’re long so I shouldn’t complain too
much even though emotionally there isn’t much to like overall. The only bullish
thing is the action of the tape and this is the season when bulls can make
their year. Speaking of HFTs and algos, HFT issues are thoroughly covered with HFT Alert founder Steve Hammer and myself
in the video interview below. The presentation contains two parts: the first
outlines HFT basics—how they work and their controversial impact on financial
markets. The second part we discuss how traders can benefit or make money by
using HFT Alert’s unique trading services.http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY
[ ‘Off to the golf course’, indeed. Those
are Mr. Hammer’s concluding remarks. Not because he’s a trader, but because
he’s selling this ‘very functional in terms of what’s going on’ package. The
truth is that even today, at lightning speeds, there are very few successful
traders (as distinguished from investors, and there is a huge distinction,
though much less so today)(over the longer term and is akin to the apposite old
adage, ‘you can win a race but you can’t win at the races’). Indeed, some
companies / brokerages employ them just for the volume / commissions they
produce. Most telling, in this video, is the beginning wherein it’s explained
that in literally a second(s), mere quotes can give rise to revenue (as with
commissions, pieces of the action) which has to come from someplace. The
problem is that ultimately, this ‘churn-and-action’ computer programmed action
at ‘lightning speed’ is parasitic inasmuch as it is without any economic
utility whatsoever in real economic terms as are commissions in ‘after-market
stock trading’ (as distinguished from initial ipo’s) that are tantamount to a
tax on the real economy; hence, the benefit to the frauds on wall street at the
expense of and to the detriment of main street, taxpayers, and the populace in
general, as we’ve seen and continue to see. ‘Remember, there is no modern day alchemy that
spins worthless paper into gold except fraudulently for the frauds on wall
street who’ve literally oftimes done exactly that; ‘cashing out’ for hard
currency and gold, precious metals, at everyone else’s expense including main
street. They’re just not that important and represent, like termites eating
away at the nation’s foundation, a drag on the economy, the nation as one would
expect from parasites such as they are’ . What
to Expect Next From the Markets
Minyanville Jeffrey Cooper ‘Conclusion:
It looks like a program was run using the least amount of dollars to goose the
indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and
Caterpillar { Dave’s
Daily:’.. The HAL 9000s have
been doing business as HFTs (High Frequency Traders) launching many buy or sell
programs using complex algorithms which can drive prices on indexes higher or
lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job..’} Then there’s the fed complicity in these
various wall street scams by way of QE’s / dollar debasement which of course
benefits the frauds on wall street to the detriment of literally everyone else.
]
So, as indicated stock
prices shot higher on the Berlusconi news. Gold prices saw some profit-taking,
the dollar was weaker, commodities stronger and bonds weaker.Volume was on the
light side and breadth per the WSJ was quite positive…’
Barclays
Says Italy Is Finished: "Mathematically Beyond Point Of No Return" Durden on 11/08/2011
Unique
Historic Precedents Suggest Lower Prices
http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1
12
Reasons To Be Extremely Pessimistic About The Direction That The Economy Is
Headed The
American Dream
It would be
great if there was some reason to be optimistic about things, but our leaders
continue to pursue the same failed policies that got us into this mess in the
first place.
The statistics
that you are about to read should alarm you. The American people have
gotten it into their heads that things are bad and that they are going to get
even worse.
Unfortunately,
the American people are correct about that.
The following
are 12 reasons to be extremely pessimistic about the direction that the economy
is headed right now….
#1 A big chunk of the American people are flat
broke. According to one recent survey, one-third of all Americans
say that they have absolutely no spare cash.
#2 The budgets of American families are being stretched
incredibly thin and the savings rate is going down again. In fact, the
savings rate in September was the lowest that it has been since December 2007 .
#3 Back in 2001, Gallup began asking Americans about
how they feel about the state of their own personal finances. In October,
Gallup once again asked this question, and 22 percent of the respondents rated
their personal financial situations as “poor”. That is the highest number
that Gallup has ever seen. In addition, the gap between the number of
Americans that said that their finances were “getting worse” and the number of
Americans that said their finances were “getting better” was also the largest
that Gallup has ever seen.
#4 Overall, Americans are very depressed about the
state of the U.S. economy. According to a recent Associated Press-GfK
poll, 43 percent of all Americans believe that
the economy is in “very poor” shape.
#5 Big corporations continue to lay off more American
workers. For example, Whirlpool has just announced that it will be
slashing 5,000 more jobs in the United
States and Europe.
#6 Americans seem to have an incredibly dim view of the
job market. One recent survey discovered the
following….
This month,
just 9% of Americans would rate the job market of their region of the nation as
good while 67% would rate it as bad and one-quarter (24%) say it is neither
good nor bad.
#7
If nearly all Americans believe that something bad is going to happen, does
that make it more likely that it actually will happen? A recent IBOPE
Zogby Interactive Poll found that 95 percent of all Americans are
“somewhat concerned” or “very concerned” that we are headed for a double-dip
recession.
#8
The American people are also overwhelmingly pessimistic about the housing
market. In fact, the same IBOPE Zogby Interactive Poll referenced above
found that 89 percent of all Americans are
“somewhat concerned” or “very concerned” that there will be an increase in
foreclosures over the next two years.
#9
Older Americans tend to be cranky in general, but the amount of pessimism that
they are exhibiting about the economy right now is absolutely stunning.
The following comes from a recent article in the Huffington Post ….
Older workers
are gloomier about the economy now than they were last year.
Nearly two
thirds of workers older than 50 first surveyed by AARP’s Public Policy
Institute in 2010 said things had gotten worse by the time the senior lobbying
powerhouse followed up in August. Fewer than one in 10 said their view of the
economy had improved. The rest said things had stayed the same.
#10
The consensus among the American people seems to be that the economy will get
even worse leading up to the election in 2012. The following is
what one recent telephone survey
discovered….
By a 49%-35%
margin, Americans say they expect the U.S. economy to worsen between now and
the November 2012 presidential election.
#11
The U.S. national debt is an anchor around our necks that just
gets heavier and heavier as time goes by. The U.S. government is now
about 15 trillion dollars in debt, and a recent Allstate-National Journal poll
discovered that 79 percent of all Americans “believe the
federal debt and deficit have a meaningful impact on their personal finances.”
#12
The financial crisis in Europe just seems to get worse by the day . The United States is
already teetering on the edge of an economic disaster, and if Europe
experiences a big time financial crash it seems extremely unlikely that we
would be able to avoid another major recession.
Things simply do not look very promising for the
economy right now.
As I wrote about recently, there are a lot of signs
that the American people are already extremely angry and frustrated by
what is happening to the economy.
So what is going to happen if things get
significantly worse?
Unfortunately, there simply are not any “quick fixes”
which are going to put us back “on course”. The consequences that we are
experiencing now are the result of decades of bad decisions. The American
people kept sending incompetents, con men and charlatans back to Washington
D.C. over and over and over and now we are going to pay the price.
The prosperity of the last 30 years was a false
prosperity. We squandered our national inheritance and we lived the “high
life” by piling up mountains of debt unlike anything that the world has ever
seen before.
In the end, there is always a very high price for
“living for today” at the expense of the future. Tomorrow always ends up
arriving way too soon, and future generations will curse us for being so
foolish.
The party was great while it lasted, but it is coming
to an end.
A whole lot of economic trouble is on the horizon,
and it is going to be very, very painful.’
Don't
Be Fooled - Here's The Real Reason For This Week's Meltdown – ETFguide 11-1-11 ‘ A picture
says more than a thousand words and a chart explains more than a thousand
analysts' opinions (literally). Profitable investing depends on the credibility
of your research sources. This article will contrast the one chart that's
predicted every recent turn weeks in advance and conventional Wall Street
wisdom.
Wall
Street 'Wisdom'
Wall Street
made us believe that last Thursday's 3% rally across the board - Dow Jones
(DJI: ^DJI), S&P (SNP: ^GSPC), Nasdaq (Nasdaq: ^IXIC), banks (NYSEArca: KBE - News ), financials (NYSEArca: XLF - News ), technology (NYSEArca: XLK - News ), you name it - was because
of a comprehensive European (NYSEArca: VGK - News ) debt deal that would solve
all problems.
Here are some
of the headlines that reflect Wall Street's 'wisdom:'
Forbes:
'Europe three-point debt salvation plan lets bulls free'
Breakout:
'Don't fight the rally: Stocks soar after Europe deal'
Reuters: 'Wall
Street soars on hopes EU finally has a fix'
ETFTrends:
'S&P 500 ETFs rally over the 200-day average opens door for year-end rally'
(more about the significance of the 200-day average in a moment)
Zachs:
'S&P 1,350 is not a stretch'
Even Greece's
Prime Minister George Papandreou was moved to confirm that: 'The debt is
absolutely sustainable now. Greece can settle its accounts from the past now,
once and for all.'
Today, news
that Greece could default on its debt and drop out of the European currency hit
the fan.
Trend
Following Technicals Turn Up
In all
fairness, trend following technicals did turn up. It was even possible to
interpret the market's push as a technical breakout. The October 30 ETF Profit
Strategy update acknowledged and warned that: 'Trend following technicals,
momentum, sentiment and seasonality suggest higher prices. But trend following
technicals can be treacherous and we'll do well to view this rally with
suspicion.'
In addition to
just being suspicious, the update recommended to go short if the S&P falls
below 1,270. S&P 1,270 is not just some random number, it was crucial
support. The chart below, featured in the October 14 ETF Profit Strategy
Newsletter, shows why:
The Most
Reliable Roadmap
The chart shows
several distinct parallels between the 2007/08 market top and today.
https://www.etfguide.com//contributor/UserFiles/8/Image/222.gif
1) In 2007/08
the S&P touched the yellow trend line twice before slicing through it. The
same occurred in 2011.
2) A break
below the yellow trend line in 2008 led to a freefall decline. The same
occurred on August 2, 2011. On July 31, the ETF Profit Strategy update warned
that: 'A break below the 200-day SMA and the trend line may trigger panic
selling.'
3) The initial
2008 low was followed by sideways trading and another low. The same occurred in
2011. The August 9 low at S&P 1,102 was followed by another low on October
4 at 1,077.
The October 2
ETF Profit Strategy update expected this low and foretold that: 'The ideal
market bottom would see the S&P dip below 1,088 intraday, followed by a
strong recovery and a close above 1,088.'
4) This low
was followed by a retest of the yellow trend line in 2008. The equivalent 2011
yellow trend line ran through S&P 1,270.
The October 2
update stated that: 'From a technical point of view this counter trend rally
should end somewhere around 1,275 - 1,300.'
The October 14
update warned that it wouldn't 'feel' right to short the S&P above 1,270:
'By the time the S&P gets to rendezvous with the yellow trend lines,
optimism (at least to a certain degree) will be back and the media will
probably tell us that a larger European debt crisis has been averted. It will
take a strong contrarian conviction to short the markets at that time.'
Of course
there's more to investing than blindly following a previous pattern that may or
may not come true.
But as long as
other research components such as seasonality and sentiment confirmed what the
2008 outline predicted, there was no reason to doubt it.
The
Bottom Might Fall Out
Based solely
on the 2008 script, stocks are due for much lower prices…’
Nobel
Prize-Winning Economist: “War Is Widely Thought To Be Linked To Economic Good
Times … NONSENSE” Washington’s Blog | Contrary to a Common Myth, War is Bad
for the Economy Washington’s
Blog
Contrary
to a Common Myth, War is Bad for the Economy
Nobel prize
winning economist Paul Krugman wrote yesterday:
Military spending
does create jobs when the economy is depressed. Indeed, much of the evidence
that Keynesian economics works comes from tracking the effects of past military
buildups.
(Mr. Krugman has said the same thing many times in the past . And many other
influential people havesaid the same thing .)
I am not a Nobel prize winning economist … but Joseph
Stiglitz is.
Stiglitz wrote in 2003:
War is widely
thought to be linked to economic good times. The second world war is often said
to have brought the world out of depression, and war has since enhanced its
reputation as a spur to economic growth. Some even suggest that capitalism
needs wars, that without them, recession would always lurk on the horizon.
Today, we know that
this is nonsense. The 1990s boom showed that peace is economically far better
than war. The Gulf war of 1991 demonstrated that wars can actually be bad for
an economy.
Stiglitz has also said that this decade’s Iraq war
has been very bad for the economy. See this , this andthis .
A
No-Brainer This is a no-brainer, if you think about it.
We’ve been in Afghanistan for almost twice as
long as World War II. We’ve been in Iraq for years longer than WWII. We’ve
been involved in 7 or 8 wars in the last decade. And yet still in a depression .
(And see this ).
If wars really helped the economy, don’t you think
things would have improved by now?
Indeed, the Iraq
war alone could end up costing more than World War II . And given the other
wars we’ve been involved in this decade, I believe that the total price tag for
the so-called “War on Terror” will definitely support that of the “Greatest
War”.
Additional
Reasons War Is Bad for the Economy The New Republic noted in 2009:
Conservative
Harvard economist Robert Barro has argued that increased military spending during
WWII actually depressed other parts of the economy.
Also from the
right, Robert Higgs has done good work showing that military spendingwasn’t the primary source of the recovery
and that GDP growth during WWII has been “greatly exaggerated .”
And from the left,
Larry Summers and Brad Delong argued back in 1988 that “five-sixths of the decline in output
relative to the trend that occurred during the Depression had been made up
before 1942.”
Economist James Galbraith has shown that war
always causes inflation, which hurts the average American :
Inflation applies
the law of the jungle to war finance. Prices and profits rise, wages and their
purchasing power fall. Thugs, profiteers and the well connected get rich.
Working people and the poor make out as they can. Savings erode, through the
unseen mechanism of the “inflation tax” — meaning that the government runs a
big deficit in nominal terms, but a smaller one when inflation is factored in.
(Ben Bernanke says that inflation
is a tax, and Dylan Grice notes that inflation causes societies to prosecute
minorities . And – sorry – but we can’t .)
As I noted last year:
All of the spending
on unnecessary wars adds up.
The U.S. is adding
trillions to its debt burden to finance its multiple wars in Iraq, Afghanistan,
Yemen, etc.
Two top American
economists – Carmen Reinhart and Kenneth Rogoff – show that the more indebted a
country is, with a government debt/GDP ratio of 0.9, and external debt/GDP of
0.6 being critical thresholds, the more GDP growth drops materially.
Specifically,
Reinhart and Rogoff write :
The relationship
between government debt and real GDP growth is weak for debt/GDP ratios below a
threshold of 90 percent of GDP. Above 90 percent, median growth rates fall by
one percent, and average growth falls considerably more. We find that the
threshold for public debt is similar in advanced and emerging economies…
Indeed,
it should be obvious to anyone who looks at the issue that deficits do matter .
A
PhD economist [Michel Chossudovsky] told me:
War always causes
recession. Well, if it is a very short war, then it may stimulate the economy
in the short-run. But if there is not a quick victory and it drags on, then
wars always put the nation waging war into a recession and hurt its economy.
You
know about America’s unemployment problem. You may have even heard that the
U.S. may very well have suffered a permanent destruction of jobs .
But
did you know that the defense employment sector is booming?
As
I pointed out in August, public sector spending – and
mainly defense spending – has accounted for virtually all of the new job
creation in the past 10 years:
The U.S. has
largely been financing job creation for ten years. Specifically, as the chief
economist for BusinessWeek, Michael Mandel, points out, public spending has
accounted for virtually all new job creation in the past 10 years:
Private sector job
growth was almost non-existent over the past ten years. Take a look at this
horrifying chart:
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs1.gif
Between May 1999
and May 2009, employment in the private sector sector only rose by 1.1%, by far
the lowest 10-year increase in the post-depression period.
It’s impossible to
overstate how bad this is. Basically speaking, the private sector job machine
has almost completely stalled over the past ten years. Take a look at this
chart:
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs2.gif
Over the past 10
years, the private sector has generated roughly 1.1 million additional jobs, or
about 100K per year. The public sector created about 2.4 million jobs.
But even that
gives the private sector too much credit. Remember that the private sector
includes health care, social assistance, and education, all areas which receive
a lot of government support.
***
Most of the
industries which had positive job growth over the past ten years were in the
HealthEdGov sector. In fact, financial job growth was nearly nonexistent once
we take out the health insurers.
Let me finish with
a final chart.
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs4.gif
Without a decade
of growing government support from rising health and education spending and
soaring budget deficits, the labor market would have been flat on its back.
Indeed, Former Secretary of Labor Robert Reich lamented last year
America’s biggest —
and only major — jobs program is the U.S. military.
Back to my essay:
Raw Story argues
that the U.S. is building a largely military economy:
The use of the
military-industrial complex as a quick, if dubious, way of jump-starting the
economy is nothing new, but what is amazing is the divergence between the
military economy and the civilian economy, as shown by this New
York Times
In the past nine
years, non-industrial production in the US has declined by some 19 percent. It
took about four years for manufacturing to return to levels seen before the
2001 recession — and all those gains were wiped out in the current recession.
By contrast,
military manufacturing is now 123 percent greater than it was in 2000 — it has
more than doubled while the rest of the manufacturing sector has been
shrinking…
It’s important to
note the trajectory — the military economy is nearly three times as large,
proportionally to the rest of the economy, as it was at the beginning of the
Bush administration. And it is the only manufacturing sector showing any
growth. Extrapolate that trend, and what do you get?
The change in
leadership in Washington does not appear to be abating that trend…[121 ]
So
most of the job creation has been by the public sector. But because the job
creation has been financed with loans from China and private banks, trillions
in unnecessary interest charges have been incurred by the U.S.And this shows
military versus non-military durable goods shipments:
http://marketoracle.co.uk/images/2010/Jan/us-collapse-18-11.gif
[Click here to view full image.]
So
we’re running up our debt (which will eventually decrease economic growth), but
the only jobs we’re creating are military and other public sector jobs.
PhD
economist Dean Baker points out that America’s massive
military spending on unnecessary and unpopular wars lowers economic
growth and increasesunemployment:
Defense spending
means that the government is pulling away resources from the uses determined by
the market and instead using them to buy weapons and supplies and to pay for
soldiers and other military personnel. In standard economic models, defense
spending is a direct drain on the economy, reducing efficiency, slowing growth
and costing jobs.
A few years ago,
the Center for Economic and Policy Research commissioned Global Insight, one of
the leading economic modeling firms, to project the impact of a sustained
increase in defense spending equal to 1.0 percentage point of GDP. This was
roughly equal to the cost of the Iraq War.
Global Insight’s
model projected that after 20 years the economy would be about 0.6 percentage
points smaller as a result of the additional defense spending. Slower growth
would imply a loss of almost 700,000 jobs compared to a situation in which
defense spending had not been increased. Construction and manufacturing were
especially big job losers in the projections, losing 210,000 and 90,000 jobs,
respectively.
The scenario we
asked Global Insight [recognized as the most consistentlyaccurate forecasting company in the world] to model turned
out to have vastly underestimated the increase in defense spending associated
with current policy. In the most recent quarter, defense spending was equal to
5.6 percent of GDP. By comparison, before the September 11th attacks, the
Congressional Budget Office projected that defense spending in 2009 would be
equal to just 2.4 percent of GDP. Our post-September 11th build-up was equal to
3.2 percentage points of GDP compared to the pre-attack baseline. This means
that the Global Insight projections of job loss are far too low…
The projected job
loss from this increase in defense spending would be close to 2
million. In other words, the standard economic models that project job loss
from efforts to stem global warming also project that the increase in defense
spending since 2000 will cost the economy close to 2 million jobs in the long
run.
The
Political Economy Research Institute at the University of Massachusetts,
Amherst has also shown that non-military spending creates
more jobs than military spending.
So
we’re running up our debt – which will eventually decrease economic growth –
and creating many fewer jobs than if we spent the money on non-military
purposes.
As I wrote last year:
It is ironic that
America’s huge military spending is what made us an empire … but our huge
military is what is bankrupting us … thus destroying our status as an empire.
Even Admiral Mullen seems to agree:
The Pentagon needs
to cut back on spending.
“We’re going to
have to do that if it’s going to survive at all,” Mullen said, “and do it in a
way that is predictable.”
Indeed, Mullen said :
For industry and
adequate defense funding to survive … the two must work together. Otherwise, he
added, “this wave of debt” will carry over from year to year, and
eventually, the defense budget will be cut just to facilitate the debt.
Former Secretary of Defense Robert Gates agrees as
well. As David Ignatius wrote in the Washington Post in May:
After a decade of
war and financial crisis, America has run up debts that pose a national
security problem, not just an economic one.
***
One of the
strongest voices arguing for fiscal responsibility as a national security issue
has been Defense Secretary Bob Gates. He gave a landmark
speech in Kansas on May 8, invoking President Dwight Eisenhower’s warnings
about the dangers of an imbalanced military-industrial state.
“Eisenhower was
wary of seeing his beloved republic turn into a muscle-bound, garrison state —
militarily strong, but economically stagnant and strategically insolvent,”
Gates said. He warned that America Kansas
On Thursday the
defense secretary reiterated his pitch that Congress must stop shoveling money
at the military, telling Pentagon reporters: “The defense budget process should
no longer be characterized by ‘business as usual’ within this building — or
outside of it.”
While some might want to start another war, America
Indeed, military strategists have known for 2,500 years that prolonged wars are disastrous.
Note 1: Security experts – conservative hawks and
liberal doves alike – agree that waging war in the Middle
East weakens national security
and increases terrorism. See this , this , this , this , this , this and this .
Terrorism – in turn – terrorism is bad for the
economy. Specifically, a study by Harvard and the National Bureau of Economic Research
(NBER) points out:
From an economic
standpoint, terrorism has been described to have four main effects (see, e.g., US
The Harvard/NBER concludes:
In accordance with
the predictions of the model, higher levels of terrorist risks are associated
with lower levels of net foreign direct investment positions, even after
controlling for other types of country risks. On average, a standard deviation
increase in the terrorist risk is associated with a fall in the net foreign
direct investment position of about 5 percent of GDP.
So the more unnecessary wars American launches and
the more innocent civilians we kill, the less foreign investment in America,
the more destruction to our capital stock, the higher the level of uncertainty,
the more counter-terrorism expenditures and the less expenditures in more
productive sectors, and the greater the hit to tourism and some other
industries.
Moreover :
Terrorism has
contributed to a decline in the global economy (for example, European
Commission, 2001).
So military adventurism increases terrorism which
hurts the world economy. And see this .
Note 2: True conservatives are anti-war .’
SPX and NDX Update: A Disturbing Look at Fundamentals, and the
Rally Explained Jason Haver Oct
31, 2011 ‘ John Mauldin, whom I have a great
deal of respect for, put forth a very convincing and enlightening argument
this weekend (see European Summit: A Plan With No Details credit
Don’t
count on us to help you out of your single-currency hole, China tells Europe
UK Daily Mail | The decision to ask China for cash was seen as a watershed
moment in the shift of economic power.
Graham
Summers’ Weekly Market Forecast (Wake Up Call Edition) Phoenix Capital... 10/31/2011 The markets flew
into this deal based on rumors and short-covering and are now waking up to the
plain obvious facts that you cannot solve a debt problem with more debt. ‘So
the financial world has collectively woken up and realized that the latest EU
bailout scheme is fraught with problems and loose ends. Amongst the various
problems are:
1) The Greek
private bondholders are furious that the ECB isn’t taking a haircut on its
bonds too.
2) German
courts and voters aren’t too pleased with Merkel’s decision to go “all in” on
the Euro experiment.
3) The Greek
default isn’t nearly large enough to render Greece solvent again
4) The
default has set a precedent for the other PIIGS countries to follow
5) The CDS/
derivative issue regarding Greece’s default is not over by any stretch
6) The
entire EU banking system remains far too leveraged (26 to 1) and needs another
$1.5+ trillion in capital at the minimum.
The markets flew into
this deal based on rumors and short-covering and are now waking up to the plain
obvious facts that you cannot solve a debt problem with more debt. Also, it
might be worth considering just where
Again, the primary issue
for the EU is a lack of capital. There is TOO MUCH debt there. And issuing more
debt, no matter how cheap, is not going to help. Especially when your strongest
member (Germany) sports a REAL debt to GDP above 200% and hasn’t recapitalized
its banks.
So the EU will be
crumbling in the coming weeks. This was the final hurrah for the EU and the
Euro in its current form. On that note, the Euro was rejected at resistance at
142 and has already taken out support at 140.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-4.png
Once we take out 139,
look for this breakdown to pick up steam (pulling stocks with it).
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-5.png
Indeed, the financial
world is talking about how this was the biggest move in stocks since 1974.
Unfortunately, few remember that after that move in 1974, the markets cratered.
Some thoughts on stocks…
isn’t it a little strange real
Can this move really
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-7.png
Regardless, stocks were
deflected from resistance at 1,275 or so. They’re now on their way down again.
The market is extremely overbought and susceptible to a fast violent move
downwards.
Indeed, the credit
markets remain jammed up and are anticipating even more haircuts from Greece.
And the rest of the PIIGS will be following suit in the default game.
Ignore stocks, they’re
ALWAYS the last to “get it.” The credit markets are jamming up just like they
did in 2008. The banking system is flashing all the same signals as well.
So if you have not
already taken steps to prepare for systemic failure, you NEED to do so NOW.
We're literally at most a few months, and very likely just a few weeks from
Europe's banks imploding.
What happened in 2008
was literally just the warm up. The REAL DEAL is coming in the next 14 months.
And it’s going to involve corporate, financial, and sovereign defaults…’
You
Won’t BELIEVE How Much Money Jon Corzine Could Walk Away With From MF Global
Business Insider | The big story of the day in finance is the bankruptcy of MF
Global.
China Says Not So Fast On Rescue
http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001 , MF Global Caught in Death Spiral , Sell
H-P! Against the Grain , Mon 10/31/11
Are Ratings Agencies Taking Bribes? Wall St. Cheat Sheet’ October 31, 2011, ‘Credit-rating companies
Why Last Week's
Euro Fix Won't Do the Trick ETFguide On Monday October 31, 2011, ‘ The
S&P (SNP: ^GSPC) surged over 3% last Thursday. Why? In a financial episode
that starts to look more and more like the 1993 movie Groundhog Day, European
leaders once again received credit for engineering this rally.
More
specifically, the euro-zones three-pronged approach to fix the debt crisis was
viewed by the market as the cure to all problems.
However, a
closer look at the Brussels salvation plan reveals nothing but flaws. So why
did stocks rally and will the rally last?
3 Steps
to Save Europe
Here's the
plan outlined by European leaders last Thursday:
1) Private
investors agree to a 50% haircut on their Greek bond holdings.
2) The
European Financial Stability Facility (EFSF) will be increased to $1.4
trillion.
3) European
banks need to bring their Tier 1 capital ratios up to 9%.
3
Problems of the 3 Steps to Save Europe
1) Private
sector creditors such as insurers, banks, and funds are expected to take losses
of about $140 billion on Greek bonds. To protect against such losses, large
institutions tend to buy credit default swaps (CDS). CDS act like insurance.
However, since
Greece did not technically default, the International Swaps and Derivatives
Association (ISDA) is unlikely to consider the restructuring an event that will
trigger CDS payouts.
In other
words, CDS (the insurance policy of choice for financial conglomerates) won't
pay. This could lead to an implosion of the sovereign CDS market. This in turn
would severely reduce demand for government bonds. Who wants to buy risky bonds
knowing that the 'insurance company' won't pay?
2) The EFSF
was funded with about $616 billion. About $266 billion have already been spent
or earmarked; so about $350 billion remain to be spent. Who will contribute the
$1.05 trillion to attain the targeted $1.4 trillion? Nobody.
The remaining
$350 billion will be leveraged 4-5 times to produce the $1.4 trillion leveraged
figure. Leveraged how? This has yet to be determined.
3) European
banks - along with U.S. banks (NYSEArca: KBE - News ) and financial institutions
(NYSEArca: XLF - News ) are already cash strapped.
Bringing up their Tier 1 capital ratio will probably turn into a financial
engineering exercise as raising actual cash - especially in Europe - is
difficult…’
U.S.
and Europe … “Self-Induced Stagnation,” says Economist Editor The Daily Ticker
Markets
Remain in Cyclical Bear Market Kevin
Tuttle ‘
“Don’t be afraid of missing opportunities. Behind every failure is an
opportunity someone wishes they missed. ”–Lily Tomlin
Europe Will
Make Lehman Look Like a Joke http://gainspainscapital.com/?p=1010 Summers 10-28-11 ‘So now that one day has passed and we’ve
seen a ridiculous 3% move in stocks based on a “bailout” that is nothing short
of moronic (Greece is still insolvent and didn’t take a big enough default),
the financial world is actually asking itself questions such as:
Does giving a bankrupt nation more money right Does requiring an additional $100+ billion in
capital for banks that need north of $1.77 trillion in new capital really
accomplish anything? Do bailouts involving more leverage and debt
work when the entire banking system is insolvent?
Is It Foolish to
Get Excited About the Latest Deal to Save Europe? ETFguide http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1 Simon Maierhofer, On
Thursday October 27, 2011 ‘Before you get excited about the last minute
Euro-Deal, consider this:
Wall Street
has been dancing to Greece's (and by extension Europe's) whistle. If Greece
says 'jump,' Wall Street jumps, if Greece says 'Sorry, false alarm,' Wall
Street cries.
This sorry
dance has been going on for nearly two years. Like an endless loop of chicken
dance, this may be fun at first (about 2 minutes) but gets old real fast. If
you are tired of Wall Street's 'chicken dance coverage' and want to know what's
really going on and how to make money (or protect your assets), here's a no
nonsense assessment of Europe.
Greece -
Fool Me Once ...
Fool me once,
shame on Greece, fool me twice, shame on me. Greece has been the scapegoat for
every major sell off and catalyst for most rallies and dead dog bounces since
January 2010.
Shame on you
if you think everything's going to be hunky-dory just because Greece and/or its
European pretend-to-be saviors announce another plan to come up with a plan.
The
Problem
Here's the
problem: Greece is broke and Greece has no significant revenue sources to pay
off its debt. Foreign investors own about $385 billion worth of Greek
government debt.
Many banks and
governments that own Greek debt are at the brink of insolvency already, so
Greece's inability to pay its debt may push other countries and their banks
into a Greece-like position (that's called contagion).
Misleading
Information
You can't
trust statements from European officials because they are trying to prevent
panic. Panic will make any kind of solutions more expensive and more difficult
to execute.
Luxembourg's
Prime Minister (also Chairman of regular eurozone meetings) blatantly admitted
that: 'When it becomes serious, you have to lie.'
Obviously no
political leader wants the eurozone to fall apart on their watch, so they
pretend and extend and kick the can down the road far enough for it become
someone else's problem (someone else will inevitably include rosy-eyed
investors).
This postpones
the inevitable, but the portfolios of investors who are faithful enough to trust
such assessments suffer a death of thousand cuts. Just imagine where your
portfolio would be if you sold everything when Greece first announced it had
some 'minor' fiscal problems. Like tearing a bandage off a hairy leg, slower is
more painful.
You also can't
trust the media because they profit from sensationalist headlines, not sound
investment advice. If that means they have to spoon-feed a consistent diet of
'Stocks bounce on hopes for a Europe fix' followed by 'Stocks plummet on fears
over Europe,' then that's what they'll do. Fortunately we can choose not to
partake from the junk food dished out by the media.
On a different
note, have you noticed how bad news (such as downgrades) is reported after the
close (particularly Fridays), while good news (or even just good rumors) are
reported while the markets are open.
The
(Only?) Plan
Let's just be
realistic and just admit that Greece is as good as bankrupt. The country just
doesn't have enough income to pay its debt load and keep the country
functioning properly without outside financial support.
Eventually
Greece's saviors will realize that this is a leaky bucket-like money pit. A
sudden and unprepared Greek bankruptcy would shatter the eurozone unless Greece
is quarantined first. The goal here would be to sequester ripple effects that
would cripple Italy, Belgium, Portugal, Spain and whoever else is hiding in the
closet.
Doing this
wouldn't be cheap. To prepare for a such a quarantine (which is a more
diplomatic term than ejection) from the eurozone, Europe (via the EFSF) would
have to prepare and fund a fund that can pay for:
1) Defaulting
Greek government debt
2) Shoring up
banks that won't qualify for inter-bank credit
2) Make sure
Italy and the next dominos in line are safe
Statfor Global
Intelligence estimates the price tag to be about - drum roll - $3 trillion. The
chart below visually explains the above-described process. Can Europe scrape
together $3 trillion?
https://www.etfguide.com//contributor/UserFiles/8/Image/Greek%20Domino.gif
Doomed if
You Do, Doomed if You Don't
I don't think
it matters much, because the above plan doesn't take into account human
emotions, panic, in particular. European banks' deposits at the European
Central Bank (ECB) have already mushroomed. This means that already one bank
doesn't trust another bank with their money.
The
combination of liquidity drying up and assets imploding is a lethal one. What
about those saying 'Things aren't that bad.'
Just consider
Dexia. Dexia pased the European bank stress test with flying colors but still
had to be rescued. Dexia is supposed to be rescued partially by the country of
Belgium, but Belgium's national debt is already 100% of GDP. Depending on
Dexia's actual losses, Belgium's national debt may soar to 120% of GDP just by
having to bail out one bank. Do you know how many banks there are in Europe?
How To
Make (or Protect Your) Money
The ETF Profit
Strategy Newsletter doesn't specialize on European coverage, but it's provided
some much needed common sense. On March 18, 2010 it stated that: 'Until now
financial problems in various European countries have been minimized and swept
under the carpet. The sub-prime crisis took more than a few weeks to rattle
Wall Street. Chances are the investing world will need a bit more time to catch
on to what really is happening with sovereign debt overseas.'
On July 17,
the ETF Profit Strategy Newsletter recommended to short the iShares MSCI EAFE
and iShares MSCI Emerging Markets (NYSEArca: EEM - News ). Over the next couple
weeks, EFA lost 22% and EEM 39%.
Under the
headline 'Prepare for Bottom Fishing,' the newsletter recommended on September
23 to prepare for a market bottom and stated that: 'European stock market may
get some relief over the next weeks/month. The same is true for EFA and EEM.
Those markets are temperamental and will therefore bounce higher than U.S.
stocks when the rally materializes. Aggressive investors may add some
European/emerging or BRIC market exposure to their portfolio once we start
buying U.S. stocks.'
We bought U.S.
stocks on October 4 at S&P 1,088. The October 2 ETF Profit Strategy update
outlined the ideal market bottom as follows: 'The ideal market bottom would see
the S&P dip below 1,088 intraday followed by a strong recovery and a close
above 1,088' and recommended to buy as soon as the S&P moved back above
1,088.
The The
October 14 ETF Profit Strategy update stated the following price target: 'The
S&P should rally to 1,255 - 1,xxx (reserved for subscribers).
The S&P
(SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) are up well over
17%, the VIX (Chicago Options: ^VIX) down over 80% since. The Vanguard MSCI
Europe ETF (NYSEArca: VGK
- News ) is up nearly 30% while
Wall Street is scratching its head over what just happened. How could the
S&P soar 200 points in three weeks?
What's Next?
It would be
naive to get excited about the latest euro news. 'Once burnt twice shy'
wouldn't be a bad approach now and long positions should be kept on a tight leash.
Sentiment and seasonality suggest higher prices, however technicals are in
topping mode.
Today's
intraday ETF Profit Strategy Newsletter update provides detailed
recommendations on how to navigate this market constellation along with an
out-of-the box analysis and actionable ETF profit strategies.’
Global
Financial Crisis: Now in Game Form The Wall Street Journal
A 50% haircut for private Greek bondholders European banks have eight months to raise about
$147 billion in capital An expansion of the European Financial Stability
facility to $1.3 trillion.
First off, let’s call this for what it is: a default
on the part of Greece. Moreover it’s a default that isn’t big enough as a 50%
haircut on private debt holders only lowers Greece’s total
Secondly, even after the haircut, Greece still has
Debt to GDP levels north of 130%. And
it’s expected to bring these levels to 120% by 2020.
And the IMF is giving Greece another $137 billion in
loans.
So… Greece defaults… but gets $137 billion in new
money (roughly what the default will wipe out) and is expected to still
Forgetting that any and all official estimates for
Greece’s financial condition have been off by a mile, not to mention that
Greece still hasn’t paid back its first round of bailout funds, this move is
nothing short of moronic.
The reasons are:
The default is not big enough (I expect Greek
bondholders to get 20-30 cents back on the Dollar at best in the future) It accomplishes nothing of significance (Greece
is still broke), and… It will trigger a credit event and has the
makings of systemic risk.
Let’s put some of the other numbers from this deal
into perspective. According to the agreement, European banks are supposed to
raise $147 billion in new capital by June.
Well, German banks alone need to raise $173 billion
in new capital. So… this new capital “requirement” from the deal is pointless.
Indeed, the European banking system as a whole is
insolvent.
With OVER $46 trillion in assets outstanding,
European banks would need to raise $1.77 TRILLION in capital to bring their
leverage levels down to 13 to 1.
Yes… $1.7 TRILLION…
Now you see why the extra $147 billion in new capital
is pointless. It’s like pouring a bucket of water into a desert and expecting
it to sprout a jungle.
Folks, let’s get honest here. This deal accomplishes
nothing. It’s just more “kicking the can” to avoid the reality. The reality is
that the entire European Banking system is leveraged at near Lehman Brothers
levels. And European banks need to roll over between 15-50% of their total debt
(depending on which country they’re in) by the end of 2012. The credit markets
know this, which is why they’re predicting more Greece haircuts in the future.
It’s also why IMF has decided to lend Greece another $137 billion… right as the
country defaults.
Ignore this latest pop in stocks and the Euro. This
mess isn’t over… not by a long shot. And before the smoke clears, much of Euro
will be in default/ banking collapses.
So if you have not already taken steps to prepare for
systemic failure, you NEED to do so NOW. We’re literally at most a few months,
and very likely just a few weeks from Europe’s banks imploding…’
Europe Wallows
In Insolveable Problems Bob Chapman | We address this European issue,
because soon it will debut in the US.
Inflation,
Jobs, and the Artificial Flow of Monetary Policy
Minyanville ‘stock market SPY QQQ interest rate employment job record
level shipments fell May 2009 trade primary
drivers of the housing bubble
The service
economy that grew in response to this artificial loop was dangerously dependent
on the continued success of the “financial” economy and its continued leakage
into the real economy through housing. This encompasses a whole range of
industries, from finance, real estate and insurance, to business services and
even construction. These sector job markets grew as the backbone of what
little wage growth did occur in the last decade, but they were completely
dependent on the artificial and indirect flow of money into prices (the “wealth
effect”). Without revisiting the price dynamics of the period, these
artificial engines of unsustainable growth cannot repeat their “success” in
2011. Google (GOOG Apple (AAPL Caterpillar (CAT Editor's Note: For additional commentary, visit the website of Atlantic Capital
Management .’
A
Dysfunctional System That Bankrupts A Generation Wolf Richter
Dave’s Daily:
http://www.etfdigest.com ‘The good
news is there’s a plan. The bad news is we don’t really have the details pinned
down as noted HERE .
More good news is this stock market rally, should it hold Monday, will mark the
largest in the last quarter century if records make for good news. Make of it
what you will but shorts have been squeezed out of whatever positions they
maintained. That might in itself be bad news. The pressure to make a deal was very
high. After all, if the banks didn’t (and still haven’t actually) accepted a
“voluntary” restructuring of Greek debt, the an “involuntary” event would mean
default. This would in turn trigger CDS (Credit Default Swaps) activity which
counter-parties probably could not pay. Contagion would burn through the
financial system creating chaos. This is why the FT article from above is so
interesting and worrisome.Where will the firepower come from to push stock
markets higher given the high rate of equity fund redemptions over the past
three years? The last I checked equity mutual fund cash balances were only
3.4%). No, juice for bulls will come from private investors with managed funds
switching from bonds to stocks. The other source for buying is from the usual
suspects—hedge funds, trading desks and HFTs.Bonds did sell-off as switching to
equities and more risk was apparent. On the other hand, commodities rallied as
authorities have chosen inflation (no surprise here) over deflation. It’s
easier to do politically if you don’t care about succeeding generations. Gold,
silver, base metals, energy and most commodities rose sharply as a result. You
want to pay more for stuff don’t you? That’s the trade-off when pursuing
Keynesian policies and big government.Economic data Thursday was shrugged-off
as the two problem areas Jobless Claims (still over 400K) and Pending Home
Sales (-4.6% vs unchanged expected) continued to struggle. GDP data was
reported at 2.5% growth matching expectations and vs 1.3% previous. Most of the
growth there was from consumer spending the bulk of which was in the computer
category (iGadgets?).Meanwhile, Bloomberg’s Personal Consumer Consumption vs
Confidence clearly displays the disconnect between the two:
http://i238.photobucket.com/albums/ff171/flyfry/new%20album/10271-1.jpg
Earnings
reports, if any mattered vs the news, were good overall led by Exxon Mobil
(XOM), Aflac (AFL), Akami Technologies (AKAM) and Aetna (AET) to name a few.
The biggest winners on the day had been the worst performing sector
previously—financials. There, bank stock prices were higher across the
board.The stock market is at least short-term overbought as the trusty daily
McClellan Oscillator ($NYMO) reveals at the end of this posting. Remember this
was the case on Monday and then we had Tuesday’s massive sell-off, remember??
Volume was high on this epic rally while breadth per the WSJ probably was a
90/10 day…’
Broken
promises, brazen deceit, utter contempt for the electorate – why there MUST be
an EU referendum Daily Mail
THE DEVIL IS IN THE DETAILS AND THE DATA Peter Spiegel in Brussels 10-27-11 http://www.ft.com/intl/cms/s/0/ab7bcd58-00b6-11e1-8590-00144feabdc0.html#axzz1c0eTn2fl ‘…By cutting in half the face value of the
estimated €200bn in Greek bonds in private hands, officials have taken a far
more aggressive stance in reducing Greece’s overall debt levels than they did
three months ago, a move long called for by outside analysts. But such swinging
cuts are also dependent on almost all Greek bondholders agreeing to participate
in the plan. Unlike the July deal, which set a target at 90 per cent
participation, Thursday’s plan includes no such target. In addition, by taking
such big up-front haircuts, European officials threaten the very solvency of
the largest single holders of Greek debt – Greek banks, which hold about €50bn
in sovereign Greek bonds. A senior EU official said €30bn of the new €130bn
rescue package must go to bailing out Greek banks – a €10bn increase from July…’
Economic
reform: MPs swap punches, insults in Italian parliament over pension reforms
Mail Online
After today's ridiculous move in the market, which
brings back memories of either August 2007, March 2008, the reaction after the
Tarp vote (the successful one), August 2011, when the market gyrated by 400
points on a daily basis, and many more bear market rallies, we hope to restores
some semblance of normalcy by presenting the following series of clips all from
Hugh Hendry speechs at the LSE's Alternative Investments Conference earlier
this year. Must watch, because when everyone loses their mind, listening to
some common sense is the best remedy.
S&P
Chart: A Sucker's Rally? Zacks
Durable
Goods Fall As Expected, Market Rallies More The Wall Street Journal
Stocks Are Approaching A Brick Wall
http://markets.financialcontent.com/stocks/news/read?GUID=19799840 ChartProphet
submit: The majority of the world is either optimistic or unsure about the
future of the global economy. But with so many hurdles in the way and warning
signals that point to a slowing, if not collapsing, global economy, the prudent
and rational investor would be extremely wise by protecting his or her
portfolio if not pulling out of stocks completely. Fake Rally/Dead Dog Bounce
After essentially crashing from late 2007 to early 2009 and losing nearly 60%
of its value, the stock market (as represented by the S&P 500) bounced back
and more than doubled from March 2009 to early May 2011. However, even though
the “recovery” powerfully carried stocks back toward the 2007 all-time highs,
the stock market failed to make new highs . The failure to make new highs is a
warning sign that we have yet to truly recover, regardless of the relative
improvements since the depths of…
Investors
Still Dumping Stock Funds, Even As Stocks Rally at The Wall Street Journal
Operation
Twist Does Nothing for the Real Economy
Minyanville
Parallels to The
Great Depression Suggest Higher Prices Followed by a Bust ETFguide October 25, 2011 ‘They say everything is bigger and
better in Texas. Simon says, everything is bigger and 'badder' (as in worse) on
Wall Street today, than 85 years ago.
Despite all
the parallels that exist between today and the Great Depression, there is one
factor that just doesn't match up - time. The Great (post-2007) Recession has
already lasted longer than the 1929 - 1932 market meltdown.
If you focus
merely on elapsed time, you can reach two conclusions:
1) Either
there is no parallel, or the 2007 bear market is over.
2) The 2007
bear market will be more intense and last longer than the 1929 - 1932 parallel.
A look at the
pattern and shape of the post-1929 and post-2007 declines along with the
sentiment that accompanied major events within both periods, suggest that we
are in a monster version of the Great Depression with the next leg down not too
far away.
It Can't
Happen Again - Think Again
I've often
heard that the Great Depression can't happen again because we are no longer on
the gold (NYSEArca: GLD
- News ) standard. The
absence of the gold standard now allows the Federal Reserve to print their way
out of any recession.
That is true;
the Fed can now print unlimited amounts of money. However, the non-existent
gold standard is a double-edged sword. Just as it enables the Fed to print
money (which the Fed has done for decades), it has enabled a massive leveraged
bubble.
It's this
unbridled (by the gold standard) leveraged frenzy that created a huge financial
(NYSEArca: XLF - News ) leverage bubble. The
Federal Reserve attempted to fix the bubble's consequences with a new bubble, the
QE2 bubble.
Regarding the
QE2 bubble, the May ETF Profit Strategy Newsletter stated that: 'The Fed is
fueling a new bubble to combat the damage left behind by the previous one. Once
punctured, bubbles tend to deflate quickly.' Deflate it did. The S&P lost
296 points from the May 2 high to the October 4 low. The 'liberty' of an
unbridled currency did not prevent the decline.
Sentiment
Parallels
Here's where
the parallels between the Great Depression stock market meltdown and the
post-2007 decline become interesting.
Both declines
saw an initial leg down followed by the mother of all counter trend rallies.
The 1929/30 counter trend rally lasted a little more than five months and
retraced 62% of the previous decline. The 2009-11 counter trend rally retraced 86%
of the previous decline (based on the Dow Jones Industrial Average).
Here are some
newspaper headlines that appeared in April 1930 towards the end of the biggest
sucker rally, so far:
'The outlook
is favorable' - Harvard Economic Society
'The depression
is over' - Herbert Hoover
'There is
nothing in the situation to be disturbed about' Andrew Mellon, Treasury
Secretary
'Wall Street
was in a cheerful frame of mind as a result of numerous vague reports of
improvements in business and industry' - Wall Street Journal
Following this
brief flash of confidence, the Dow tumbled 10% within two and a half months.
Interestingly, this second major leg of the bear market kicked off in April.
Fast-forward
81 years to April 2011 and we read the following headlines:
'Global
economy is improving' - GE CEO Immelt
'Sales growth
the biggest surprise on Wall Street' - Wall Street Journal
'Equities
finally seeing light on the economy' - MarketWatch
Just when Wall
Street thought the bear market was over, the S&P (SNP: ^GSPC) delivered a
six month, 20% drop. The Dow (DJI: ^DJI), Nasdaq (Nasdaq: ^IXIC), and Russell
2000 (Chicago Options: ^RUT) followed suit.
Technical
Similarities
The chart
below compares the Dow's performance of 1928 - 32 to that of 2007 - 11. It took
a break below trend lines in 1929 and 1930 to kick off powerful declines.
https://www.etfguide.com//contributor/UserFiles/8/Image/Great%20Depression%2010%2025%2011.gif
It also took a
break below trend lines in 2008 and 2011 to unleash massive bearish forces…’
STOCKS
TANK BEFORE EU MEETING THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To
Know Business Insider [ No …this is
not quite correct … the point being there’s nothing they can do to make it
(other than the meeting itself) succeed!
Investors'
Number One Worry: Europe Posed to Bring Down Global Economy Minyanville [
Riiiiight! Europe following the ‘american way’ of ‘insurmountable debt, funny money and wall
street fraud, and throw in a destructive, wasteful war or two or three’ is ‘ the one’ … to reiterate: America’s
debt woe is worse than Greece’s News $211 trillion ]Lloyd Khaner Oct
25, 2011 ‘It's all Europe all the time as the market macro trade risks on and
risks off, depending on the daily 3 p.m. news leaks from across the Atlantic…working US ECONOMY UNEMPLOYMENT: INVESTOR SENTIMENT: HOUSING CRISIS: Grandpa INFLATION: CRISIS OF CONFIDENCE: EUROPEAN ECONOMY: THE EUROPEAN UNION: US CONSUMER CONFIDENCE: “like a rock….” SOVEREIGN DEBT: POLICY MISTAKE: CREDIT RATINGS AGENCIES: GREECE: CURRENCIES: ITALY & SPAIN: “Pain.” ECONOMIC LEADERSHIP: CONGRESSIONAL SUPER COMMITTEE: GLOBAL RECESSION: BANKS: VOLATILITY: HIGH FREQUENCY TRADING: CHINA: ETFs:
How Wall Street
Banks Fleeces America YouTube
Guess
Who’s Even More Leveraged Than the European Banks? Phoenix Capital... : 10/25/2011 ‘The US banking system as a whole is
leveraged at 13-to-1. While this is not horrible relative to Europe’s banking
system (more on this in a moment), these levels still mean that an 8% drop in
asset...While the world is awash in liquidity, no one seems to notice that it’s
actually in the form of leverage or cheap debt, NOT real capital or equity.The
US banking system as a whole is leveraged at 13-to-1. While this is not
horrible relative to Europe’s banking system (more on this in a moment), these
levels still mean that an 8% drop in asset values wipes out ALL equity.
Then you have Europe’s
banking system, which is leveraged at 26-to-1. Anecdotally, this is borderline
Lehman Brothers (30 to 1). At these levels, even a 4% drop in asset prices
wipes out ALL equity.
Japan’s banks are
leveraged at 23 to 1. France’s are 26 to 1. Germany is 32 to 1.
You get the idea.
However, worse than any
of these the US Federal Reserve. With $2.8 trillion in assets and only $52
billion in capital, the Fed is
leveraged at 53 to 1. Yes, 53 to 1.
My question is: if the
Fed prints money for itself… is it “raising capital?” More to the point… if
that was true Only Bernanke can know… but the rest of us should feel a very serious
shudder when we consider that THE bank that’s supposed to bailout the world/ fix
the problems plaguing the financial system, is in fact even more leveraged that
most of the institutions it’s helping.
Yes, stocks are rallying
now based on the view that more QE 3 or monetary easing is on the way… but
they’re missing the BIG picture here.
The BIG picture is that
there is far too much debt in the financial system. Europe’s getting taken to
the cleaners today… but these very same issues are going to spread to Japan and
the US in short order. Even China, which is considered THE creditor nation of
the world, is estimated to post a REAL Debt to GDP ratio of 200%.
Yes, 200%. China.
So the idea that somehow
the world’s going to pass through this current chapter in its history without
some MAJOR fireworks/ systemic failure, seems a little too optimistic.Folks,
something VERY bad is brewing behind the scenes. The Sarkozy- Merkel talks, the
short-selling bans, the halted stocks, the leveraged EFSF, the hints of QE 3, all of this is telling us that the financial system
is on DEFCON 1 Red Alert.
On that note, if you’re
looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 http://www.gainspainscapital.com
and click on the OUR FREE REPORTS
Good Investing!
Graham Summers
PS. We also feature four
other reports ALL devoted to helping you protect yourself, your portfolio, and
your loved ones from the Second Round of the Great Crisis. Whether it’s my
proprietary Crash Indicator which has caught every crash in the last 25 years
or the best most profitable strategy for individual investors looking to profit
from the upcoming US Debt Default, my reports covers it…’
Consumer
Confidence Plunges To 39.8 From 45.4 On Expectations Of A Bump; Lowest Since
March 2009 Zero Hedge | So much for the US consumer confidencing his way up
to buying houses and other stuff.
Biden:
‘Nobody Can Look You in the Eye and Tell You … Stimulus Did Not Create Jobs;’
Yes, at $412,500 Per Job CNS News | He did not specify how much each of
those jobs cost.
Graham
Summers’ Weekly Market Forecast (Stocks Are Last to Get It Edition) Phoenix Capital
Research 10/24/11
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_1.png
From a technical
standpoint, stocks are now coming up against the 50% retracement level:
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_6.png
I mentioned that last
week could be a potential top. I still hold that view and would consider
anywhere between today’s levels and 1,250 (MAJOR resistance) to be a spot to
lighten up on longs and establish shorts.Indeed, deflation looks to be the
dominate theme in the markets today. Gold is having trouble catching a bid:
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_2.png
While Treasuries are
bouncing off support and look ready to start a new leg up.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-3_1.png
Inflation hedges
falling, Treasuries rallying… this is a deflationary backdrop. And it’s
occurring at a time when the EU is talking about launching a LEVERAGED version
of the EFSF and the Fed has hinted at launching another version of QE
1???Folks, something VERY bad is brewing behind the scenes. The Sarkozy- Merkel
talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints
of QE 3, all of this is telling us that the financial system is on DEFCON 1 Red
Alert. Ignore stocks, they’re
ALWAYS the last to “get it.” The credit markets are jamming up just like they
did in 2008. The banking system is flashing all the same signals as well.So if
you have not already taken steps to prepare for systemic failure, you NEED to
do so NOW. We're literally at most a few months, and very likely just a few
weeks from Europe's banks imploding.What happened in 2008 was literally just
the warm up. The REAL DEAL is coming in the next 14 months. And it’s going to
involve corporate, financial, and sovereign defaults.On that note, if you’re
looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 http://www.gainspainscapital.com
and click on the OUR FREE REPORTS
Good Investing!
Graham Summers
PS. We also feature four
other reports ALL devoted to helping you protect yourself, your portfolio, and
your loved ones from the Second Round of the Great Crisis. Whether it’s my
proprietary Crash Indicator which has caught every crash in the last 25 years
or the best most profitable strategy for individual investors looking to profit
from the upcoming US Debt Default, my reports covers it.And ALL of this is
available for FREE under the OUR FREE
REPORTS http://www.gainspainscapital.com .’
Minyanville's T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct
24, 2011 ‘Now may be a good time to take some profits after a strong October
run in the market…’
5 Reasons Why The Market May Have Reached A Top
http://regator.com/p/253597599/5_reasons_why_the_market_may_have_reached
10 Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen: ‘..
1.
9.1% -
The reported jobless rate despite a $800B stimulus, a payroll cut tax, Cash for
Clunkers, etc…
2.
16% - The
real unemployment rate once you factor in the people who have dropped out of
the workforce, part-time workers who cannot find full-time employment, etc..
3.
$4
Trillion – What the United States has added to its debt over the past three
years. If we ever do see economic growth again, expect interest rates to move
up dramatically despite the Federal Reserve’s efforts to contain the increase.
4.
13 – The
current reading of the “Misery Index” (Unemployment plus inflation), the
highest rating since 1983.
5.
18% -
Correspondingly, the current average reading of the percentage of Americans
that believe the country is moving in the right direction.
6.
$1315 –
The decrease in annual disposable income the average American has compared to
three years ago. This is the steepest three year decline ever measured since
the government started measuring this metric 50 years ago.
7.
58% - The
current share of business income going to wages and benefits. In 1990, this
figure was 63% and as recently as 2005 it was 61%.
8.
1.3% -
GDP growth in the second quarter. This anemic reading was an improvement over
1st quarter GDP growth.
9.
45 – Last
month’s consumer confidence level. This is an abysmal reading by historical
standards
28% - The percent of homeowners that are
“underwater” according to Zillow. Deutsche Bank predicts this figure will
be over 45% within a year…’
United
States tipped to lose another AAA credit rating Reuters | Either from
Moody’s or Fitch.
Can The Hope Rally Continue? [ Short answer: NO! ]
Is the US
Economy in a Recession? thetechnicaltake : 10/14/2011 ‘A simple
indicator constructed from readily available data is suggesting with great
certainty that the US economy is already in a recession…’
ECRI
Recession Watch: Growth Index Drops Further
http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php
Doug Short 10-21-11 ‘The Weekly Leading Index (WLI ) growth indicator of the
Economic Cycle Research Institute (ECRI) has now posted 11 consecutive declines
since early August. The interim high of 8.0 was set in the week ending on April
15. The latest reading, data through October 14, is -10.1, down from the
previous week's -9.7.
On September
30th, the ECRI publicly announced that the U.S. is tipping into a recession, a
call the Institute had announced to its private clients on September 21st.
Early last week, ECRI notified
clients that the U.S. economy is indeed tipping into a new recession. And
there's nothing that policy makers can do to head it off. ECRI's recession call isn't based on just one or two
leading indexes, but on dozens of specialized leading indexes, including the
U.S. Long Leading Index, which was the first to turn down — before the Arab
Spring and Japanese earthquake — to be followed by downturns in the Weekly
Leading Index and other shorter-leading indexes. In fact, the most reliable
forward-looking indicators are now collectively behaving as they did on the
cusp of full-blown recessions, not "soft landings." Read the report here .
For a close look at this movement of this index in
recent months, here's a snapshot of the data since 2000.
http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-2000.gif
Click for a larger image
Now let's step back and examine the complete series
available to the public, which dates from 1967. The ECRI WLI growth metric has
had a respectable record for forecasting recessions and rebounds therefrom. The
next chart shows the correlation between the WLI, GDP and recessions.
http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-1965.gif
Click for a larger image
A significant decline in the WLI has been a leading
indicator for six of the seven recessions since the 1960s. It lagged one
recession (1981-1982) by nine weeks. The WLI did turned negative 17 times when
no recession followed, but 14 of those declines were only slightly negative
(-0.1 to -2.4) and most of them reversed after relatively brief periods.
Three other three negatives were deeper declines. The
Crash of 1987 took the Index negative for 34 weeks with a trough of -6.8. The
Financial Crisis of 1998, which included the collapse of Long Term Capital
Management, took the Index negative for 23 weeks with a trough of -4.5.
The third significant negative came near the bottom
of the bear market of 2000-2002, about nine months after the brief recession of
2001. At the time, the WLI seemed to be signaling a double-dip recession, but
the economy and market accelerated in tandem in the spring of 2003, and a
recession was avoided.
The question had been whether the WLI decline that
began in Q4 of 2009 was a leading indicator of a recession. The published index
has never dropped to the -11.0 level in July 2010 without the onset of a
recession. The deepest decline without a recession onset was in the Crash of
1987, when the index slipped to -6.8. The ECRI managing director correctly
predicted that we would avoid a double dip. The eight quarters of positive GDP
since the end of the last recession supports the ECRI stance.
The Certainty and Dramatic Language of ECRI's New
Recession Call
What is particularly striking about the ECRI's
current recession call is the fervor and certainty of the language in the
public press release:
"Here's what ECRI's recession
call really says: if you think this is a bad economy, you haven’t seen anything
yet. And that has profound implications for both Main Street and Wall
Street."
I remain astonished at the complete absence of wiggle
room in the announcement, nor have I seen any public communications from the
ECRI to qualify or soften its recession call. ECRI has put its credibility on
the line. If the U.S. avoids a recession, ECRI's reputation will be permanently
damaged.
The WLI Versus Other Macroeconomic Indicators
For additional perspective on the performance of this
indicator, see Comparing
the ECRI Weekly Leading Index with Two Key Competitors , which highlights
the curious behavior of the WLI following the 2008 Financial Crisis. The chart
below is an overlay of the three since 2000. Note: I have divided the ECRI WLI
by 10 to display on a single vertical axis with the other two indicators.
http://advisorperspectives.com/dshort/charts/indicators/ADS-CFNAI-WLI-overlay-since-2000.gif
Click for a larger image
The ECRI Weekly Leading Index appears to be more
sensitive to upturns than either the Philly Fed's ADS Business Conditions Index
(ADS) or the Chicago Fed's Current Activity Index. In fact, it has oscillated
in a pronounced fashion since the 2009 recession trough:
·
Its peak in
2009, interim low in 2010 (which the Institute firmly stated was not a
recession signal),
·
the interim
high in April 2011,
·
and the
current reading, which the Institute has identified as a recession flag.
The ECRI Weekly Leading Index will be fascinating to
watch in the months to come. On Monday of next week we will have an opportunity
to see if the Chicago Fed's National Activity Index is beginning to support the ECRI
call. And on Thursday we will have the Advance Report on Q3 GDP.’
An
Unprecedented 26 Million Americans Are Now Underemployed Business Insider |
The number of underemployed individuals—rose for a third consecutive month in
September, by almost a half of a million people.
Earnings forecasts look less bright NEW YORK (Reuters) - Prospects
for corporate earnings are dimmer in the coming quarters -- even though reports
so far this quarter have been relatively bright. [ Relatively bright? Only
because most are not relatively bright having failed to yet ‘catch on’ to this
nation-debilitating, but wall street favored defacto fraud. The ‘miracle’ of
‘funny money’ wherein the ‘debased currency strategies’ (ie., QE’s, etc.) among
other accounting manipulations lead to ie., costs reported in ‘more valuable
but fewer dollars’ and sales / revenues reported in debased dollars (simply
more of them, but no real value created, profits overstated in real terms). ]
Dave’s Daily: http://www.etfdigest.com ‘The above image displays quotes per second http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg . The two graphs display action towards the
close of trading Friday. The upper graph shows action of “algos” per second
while the bottom the number of HFT quotes per second over a three minute time
period with colors for each exchange. The lower graph displayed nearly 300
quotes per second—got that? Perhaps only a small fraction of these are real
trades with the others being just bids and offers designed to stimulate program
trading algorithms. This is posted because nearly 70% of all volume and trades
on the NYSE for example are program trades with HFTs now dominant. The above
comes courtesy of HFT Alert which is a program investors may purchase to
monitor this activity. Their homepage is HERE
and we’ll be doing a two part video podcast with them next week which should
explain how all this works, why you should care and perhaps how you can use it.
HFT action may be away from the news of the day so let’s get to it. Stocks
rallied sharply marking three straight weeks of gains. Much of the gains
stemmed from earnings, hopes for a euro fix and late comments from Janet
Yellen. Earnings news continued to flow Friday with good results from fast food
outlets McDonalds (MCD) which was helped by stronger sales in Europe boosted by
the euro and Chipotle (CMG) whose stock soared 8%. I guess fast food is
the big deal now which strikes me as an odd reason to rally stocks overall.
Perhaps people find it cheaper to buy and eat junk food than cook in their McMansions.
Mostly panned were earnings from General Electric (GE) as their core utility
business had slowed and Microsoft (MSFT) which seems just a utility-like
company. But, strong earnings and stock price gains were reported from some
tech companies like SanDisk (SNDK), Altera (ALTR) and Seagate (STX). European
optimism sprang from hopes the EU would save itself if for no other reason than
because it must. The weekend features serious meetings to structure a working
plan (again…sigh) which we’re told should lead to a vote on Wednesday. There
are enough stories and rumors that are positive
and negative . Even the most positive rumor leaves a “fix” with a $1
trillion shortfall. Will the IMF and U.S. fill the void? Good grief!! Late in
the trading day the Fed threw more gas on the bulls’ fire with Fed
Vice-Chairman Janet Yellen discussing the possibilities of QE3 if the
economy doesn’t perk-up. This would be controversial while reinforcing how all-in
Banks
closed in Colo, Fla, Ga; 84 failures in 2011 AP 9:14 pm
EDT
With
Some Hope In Europe, Time To Go Short?
Forbes Steve Schaefer , Forbes
Staff ‘European leaders are gathering
Sunday and Wednesday in meetings aimed at hashing out an expansion of the
region’s bailout fund and recapitalizing banks, but with expectations for a
solution rising the risk of a less-than-comprehensive plan rattling markets may
be growing.
The S&P
500 has shot up more than 100 points in October, closing at 1,238 Friday, and
to trader Seth Setrakian the move is akin to putting the cart before the horse.
Setrakian, co-head of equities at proprietary trading firm First New York
Securities, called the looming announcement of Europe’s big plan “a classic
sell the news” and fully expects to be selling ahead Monday through Wednesday
ahead of the second meeting even if the market rallies.
“The bar is
set too high,” he believes, arguing that even if the market rallies on a deal
being reached, the implementation of whatever resolution plan is adopted will
be cumbersome and ultimately amount to “solving a problem of debt with more
debt.” When the market realizes that, October’s 9.5% gain to date could unravel
in a hurry.
The recent
stage in the too-rapid rise to current levels is largely a result of
short-covering and investors who missed the initial stage of the recovery jumping
on board. The shame of it, Setrakian says, is that “America is not a bad place
to invest” without the overhang of a potential dislocation stemming from
Europe.
Even if the
U.S. economy grows at a meager pace, or even contracts slightly, the profitability
of corporate America and the ultra-low level of interest rates make for a
constructive equity environment absent the risk of a European meltdown.
Setrakian
points to the start to earnings season, which has been OK. Companies trading
near 52-week highs coming into the season have been hurt by misses – like Apple , which fell short of consensus by a quarter – but
those that were closer to 52-week lows – Travelers for example –
have been rewarded even without eye-popping results. Then you have the McDonald’s ’ of the world, which come into earnings near
their highs of the year then post
a big number to extend the gains. (See “Earnings
Season: Solid Start Despite Whiffs From Apple, Goldman.” )
Looking ahead
to next week, Setrakian says he is keeping an eye on industrials, which in some
cases have been priced for recession.
A company like
Caterpillar for instance, due to report Monday, could come
under pressure if the broader market sells off, but the assumptions built in
for earnings are not high and at Friday’s $87.39 close the stock is closer to
its 52-week low of $67.54 than the high of $116.55.
Above all
hangs Europe though, and even if the policy that Germany’s Angela
Merkel and France’s Nicolas Sarkozy come up with sounds good on its
surface, “the market will test it very quickly,” Setrakian says. “If they drop
the ball – and I think they fumble – the market could pull back 7-8%” What
then? Well by then there may be a whole new complicating factor: the U.S.
deficit reduction Supercommitttee, which is on the clock to have its plan ready
by Nov. 23.’
Student
Loan Bubble To Exceed $1 Trillion: “It’s Going To Create A Generation Of Wage
Slavery” And Another Taxpayer Bailout Zero Hedge | Student loans are set to
surpass $1 trillion in total notional for the first time in history.
EU Trying to Borrow Its Way Out of Debt ETFguide.com [ Yeah … you really don’t have to
be a financial genius to sense the folly in such a scenario / stratagem. What’s
really going on with these ‘hopium’ HFT commissioned computer programmed algo
rallies is fraudulent wall street’s hope for sufficient taxpayer funds (as last
crisis) to enable them to unload their
positions / ‘hot potatoes’ at the most favorable prices for them, despite the
absence of real, fundamental value therein. Don’t forget, with complicit
legislative help from Washington, the worthless paper / securities / toxic
assets are now marked to anything as per misguided and (‘ facilitatively’) fraudulent legislated FASB rule change. ]
SPX Update: Don't Get Suckered by the Head-Fake Breakout
6
Reasons a Global Recession is Unavoidable ETFguide.com
1) The Fed is out of tricks. 2) Stock market says we’re already
in a recession. 3) Greece has set the tone for
Europe (and maybe the rest of the world). 4) Bear funds are leading
performers. 5) Major asset classes are in
correlation. 6) Pace of sovereign downgrades
is accelerating.
Conclusion
Profit Strategy ETF
Newsletter continues to advocate a fiercely independent view of world
events, financial markets, and the proper allocation of money. Ultimately,
having an investment strategy that can perform during any kind of market is a
good start. ‘
How
To Avoid Bubble Trouble The Wall Street Journal
Market
Recap: Markets Rally on EU Resolution Expectations, US Inks Free Trade Deals
Wall St. Cheat Sheet [Resolution
expectations rally stocks, and for the umpteenth time; yet, said ‘resolution’
purports to resolve the irresolvable; see, ie., Four
Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix Capital 10/20/2011Four Facts that
PROVE the EFSF Doesn’t Matter… At All - ‘.. And those investors who get suckered into
betting this mess will work out well are very likely going to lose everything.
The impact of the fallout from this will make 2008 look like a joke. The EU is
the largest economy in the world. So if its banking system collapses (and it
will) we’re facing a full-scale Global financial meltdown (the IMF has even
warned of this)…’ , S&P
sees downgrade blitz in EMU recession, threatening crisis strategy Oct
20th, 2011 News Student
Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of
Wage Slavery" And Another Taxpayer Bailout Durden ‘..All we need to
do is teach people that Washington D.C. and Wall Street are now the same
corrupt entity . They are one gigantic rogue trader sucking the
lifeblood out of America..’ , The
Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
The Economic Collapse , The
REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have
$200 TRILLION in interest rate based derivatives sitting on their balance
sheets. And guess which banks have the greatest exposure…’, Dead
Stocks Walking Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR , 43,454,601,693,238
Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock
Zero Hedge | By now everyone has had a chance to play with the US debt clock.
But what about its global cousin? America’s
debt woe is worse than Greece’s News $211 trillion
Four
Facts that PROVE the EFSF Doesn’t Matter… At All Phoenix
Capital 10/20/2011Four Facts that PROVE the EFSF Doesn’t Matter… At All [ The Reality, infra ‘.. And those investors who get suckered into
betting this mess will work out well are very likely going to lose everything.
The impact of the fallout from this will make 2008 look like a joke. The EU is
the largest economy in the world. So if its banking system collapses (and it
will) we’re facing a full-scale Global financial meltdown (the IMF has even
warned of this)…’ ]‘It’s time to settle the debate regarding Europe’s banking
system. I know that the mainstream media keeps talking about another round of
bailouts or an expansion to the Emergency Financial Stability Facility (EFSF)
as though these things matter.But the reality is… they don’t. Europe’s problems
go WAY beyond Greece’s debt. And the entire European banking system is primed
for a systemic collapse.
Consider the following
four facts:
FACT #1: Europe’s
entire banking system is leveraged at 25 to 1.
This is nearly two times
the US’s leverage levels. With this amount of leverage you only need a 4% drop
in asset prices to wipe out ALL equity. These
are literally borderline-Lehman levels of leverage (Lehman was 30 to 1). claim
KA-BOOM.
FACT #2: European
Financial Corporations are collectively sitting on debt equal to 148% of TOTAL
EU GDP.
Yes, financial firms’
debt levels in Europe exceed Europe’s ENTIRE GDP. These are just
KA-BOOM.
FACT #3: European
banks need to roll over between 15% and 50% of their total debt by the end of
2012.
That’s correct, European
banks will have to roll over HUGE quantities of their debt before the end of
2012. Mind you, we’re only talking about maturing
Considering that even
the “rock solid” German banks need to raise over $140 BILLION in new capital
alone, we’re talking about a TON of debt issuance coming out of Europe’s banks
in the next 14 months.
And this is happening in
an environment prone to riots, bank runs, and failed bond auctions (Germany
just had a failed bond auction yesterday).
KA-BOOM
FACT #4: In order to meet current unfunded liabilities (pensions, healthcare, etc) without defaulting or
cutting benefits, the average EU nation would need to have OVER 400% of its
current GDP sitting in a bank account collecting interest.
This last data point
comes from Jagadeesh Gokhale, Senior Fellow at the Cato Institute, former
consultant to the US Treasury, and former Senior Economic Advisor to the
Federal Reserve Bank of Cleveland.
This is a guy who’s
worked at a very high level on the inside studying sovereign finance, which
makes this fact all the more disturbing. And he knew this as far back as
January 2009!!!
Folks, the EFSF,
the bailouts, China coming to the rescue… all of that stuff is 100% pointless
in the grand scheme of things. Europe’s ENTIRE banking system (with few
exceptions) is insolvent. Numerous entire European COUNTRIES are insolvent.
Even the more “rock solid” countries such as Germany (who is supposed to save
Europe apparently) have REAL Debt to GDP ratios of over 200% and STILL HAVEN’T
RECAPITALIZED THEIR BANKS.
Again, it DOES NOT
matter what Sarkozy and Merkel say. It doesn’t matter how much leverage the
EFSF gets. Europe is broke. End of story. And those investors who get suckered
into betting this mess will work out well are very likely going to lose
everything. The impact of the fallout from this will make 2008 look like a
joke. The EU is the largest economy in the world. So if its banking system
collapses (and it will) we’re facing a full-scale Global financial meltdown
(the IMF has even warned of this). That’s the reality of the situation
we’re in today. I know nobody likes to publicly admit it. But it’s true.What
happened in 2008 was literally just the warm up. The REAL DEAL is coming in the
next 14 months. And it’s going to involve corporate, financial, and sovereign
defaults.On that note, if you’re looking for specific ideas to profit from this
mess, my Surviving a Crisis Four Times
Worse Than 2008
Within its nine pages I
explain precisely how the Second Round of the Crisis will unfold, where it will
hit hardest, and the best means of profiting from it (the very investments my
clients used to make triple digit returns in 2008).
Best of all, this report
is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS
Good Investing!
Graham Summers
PS. We also feature four
other reports ALL devoted to helping you protect yourself, your portfolio, and
your loved ones from the Second Round of the Great Crisis. Whether it’s my
proprietary Crash Indicator which has caught every crash in the last 25 years
or the best most profitable strategy for individual investors looking to profit
from the upcoming US Debt Default, my reports covers it.
And ALL of this is
available for FREE under the OUR FREE
REPORTS http://www.gainspainscapital.com .
The Next Lehman: Bank of America is on the
verge of a collapse. Each minute that ticks by brings it closer to becoming the
Lehman Brothers event of this Crash. How do we know? Its financials are horrifying
and it's been hit with a $31 billion dollar lawsuit. It's in worse shape than
it was in 2008 - when it just barely survived.
Europe Is Collapsing: Most every European
stock market is gasping for life right now. European banks are in free fall.
Germany is facing internal revolt and won't even be able (or willing) to back
up any bailouts. And Greece has entered the final stages for its financial
system -- the markets are pricing in a near 100% certainty of Greek debt
default. This will ultimately kill Europe as we know it today.
The US Debt Catastrophe: We just blew out our
debt ceiling again . Yes, just after the last desperate extension was
passed (and the US credit rating was downgraded to great fanfare). And the US
economy remains a disaster with more and more Americans losing jobs and then
falling off the unemployment numbers. No jobs = no recovery in sight. Our
leaders have no plan but to pass more and more intrusive, ineffective
legislation.
The Myth of the Market Saviour: QE 3 won't
solve this mess no matter how cleverly it's disguised (or trumpeted from the
rooftops). The Fed spent $900 billion and nearly one year to prop up the
markets -- and we've wiped out all those gains in just one summer month. As for
China, how did their support of the Euro go earlier this year? Or the recent
multiple central bank intervention to prop up the global markets? They're all
clueless about plugging the growing leaks on a very large Titanic.
To
be blunt, the financial system is in greater danger of systemic collapse than
at any point in history (including 2008). Do not be fooled by the recent rally
we've just seen. Things are not okay! We saw rallies of 8%, 11% and even
17% during 2008. Investors who bought into them got taken to the cleaners…’
The
Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
The Economic Collapse | Most people have no idea that Wall Street has become a
gigantic financial casino.
America must manage its decline
http://www.ft.com/cms/s/0/0c73f10e-f8aa-11e0-ad8f-00144feab49a.html#axzz1bJWdBAUG By Gideon Rachman October 17, 2011 ‘global power is in
decline , it would be much easier to have a rational debate about what to do
about it. Denial is not a strategy…’
Full moon October 10-14, 2011 … I’ve examined the weekly results for
the global markets … Conclusion: The global euphoria, irrational exuberance in
the financial markets worldwide, courtesy of the blazing full moon October
10-14, 2011 ; and yes, the lunacy once the exclusive province of fraudulent
wall street is now a global phenomenon (10th near full beginning, 14th near
full ending).
Fed should
adopt GDP target, Goldman says Oct 17th, 2011 News PG View source ]
PG View Michael Lewis ' 1989 book, Liar's
Poker London .’Wikipedia.
Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in
light of the inflation
piece written by John Mauldin on Saturday. Yes, it does indeed seem that
“inflation as a solution” is gaining traction. I say tom-a-to, you say
tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call
it, it’s synonymous with dollar devaluation and you best be saving in something
other than dollars if you hope to come out the other side unscathed.’
Can “It” Happen Here? Oct
17th, 2011 News posted
last week .]…”We know that the world is drowning in too much debt, and it is
unlikely that households and governments everywhere will be able to pay down
that debt. Doing so in some cases is impossible, and in other cases it will
condemn people to many hard years of labor in order to be debt-free. Inflation,
by comparison, appears to be the easy way out for many policy makers.“Companies
and households typically deal with excessive debt by defaulting; countries overwhelmingly usually deal with excessive
debt by inflating it away even serious economists are recommending inflation as
a solution source ]PG View
Is
Anyone Dumb Enough to Believe that Obama Supports the 99%? George Washington : 10/17/2011 - Obama Pretends
He Supports the 99% … But He’s a Wolf In Sheep’s Clothing [ Point well made!
Despite his near legendary rhetoric (aka b***s***), his near legendary actions
(aka dismal failure) have belied same. He’s so pathetic he’s become a cliché, a
joke for typical political b***s*** and is a total embarrassment! Even more
embarrassing are those who continue to cheer his opportunist b***s***! ]
'Fear
Gauge' Marches Higher: TVIX Biggest Gainer With 17% Rise
Barrons.com
French
Banks Can Set Off Contagion That Will Make Central Bankers Long For The Good
'Ole Lehman Collapse Days! : Reggie Middleton : 10/17/2011 - 13:46 ‘Due to
the rampant misinformation and disinformation (please recognize and appreciate
the distinct difference) being bandied about, I've decided to run the #s 1 more
time and put it right here in...’
Balance Of
Fundamentals Will Continue To Weigh On Market http://thestockreporter.com/balance-of-fundamentals-will-continue-to-weigh-on-market Let us review six key
fundamental factors as well as the technical panorama:
1. Sovereign
debt and financial crisis in Europe.
2. Economic
growth momentum in the USA and prospect of “double dip.”
3. Corporate
earnings reports and guidance in the USA
4. Fiscal
policy in the USA.
5. US monetary
policy.
6. Global
growth, with particular emphasis on China.
7. Technical
factors…’
Marketwatch.com Regulators on Friday
closed banks in Georgia, North Carolina, New Jersey and Illinois, pushing this
year’s national tally of collapsed banks to 80. The Federal Deposit
Insurance Corp. said the Georgia Department of Banking and Finance closed
Piedmont Community Bank in Gray, Ga., the state’s 20th failure of the year.
State Bank and Trust Co. of Macon, Ga., will assume all of Piedmont’s deposits,
the agency said. http://www.marketwatch.com/story/us-bank-failures-climb-to-80-in-2011-20...
US
budget gap widens, tops $1 trln for 3rd year Reuters
ECRI Recession Watch: Growth
Index Declines Further http://www.bullseyemicrocaps.com/?p=11699
By Doug Short :
On September
30th, the ECRI publicly announced that the U.S. is tipping into a recession, a
call the Institute had announced to its private clients on September 21st.
Early last week, ECRI notified clients that the U.S. economy is
indeed tipping into a new recession. And there’s nothing that policy makers can
do to head it off.
ECRI’s recession call isn’t based on just one or two leading
indexes, but on dozens of specialized leading indexes, including the U.S. Long
Leading Index, which was the first to turn down — before the Arab Spring and
Japanese earthquake — to …’
US
to Experience Stagflation Worse Than 1970s: Jim Rogers CNBC | The U.S.
economy is likely to experience a period of stagflation worse than the 1970s.
Jeff
Applegate: Not Sheepish About Turning Bearish The Wall Street Journal Not for Jeff
Applegate.
Mr. Applegate,
the 61-year-old chief investment officer of Morgan Stanley Smith Barney, last
week made his biggest bearish shift in more than two years, battening down the
hatches and reducing his exposure to stocks, high-yield bonds, commodities and
real-estate investment trusts.
Mr. Applegate
argues that the world is heading into recession, hurt by political paralysis
that has added uncertainty while withholding stimulus at a time of weakness.
And the past few days’ rally, fueled by progress on a European bailout and an
encouraging U.S. jobs number, has done little to change his mind.
“We’re seeing
a relief rally in global equities in recent days, but at the end of the day, we
think if Europe is heading into recession — which I think they are — and if the
U.S. is heading into recession — which I think we are — then there’s more
downside in equities,” Mr. Applegate said.
After a strong
start to the year, U.S. stocks wavered in the summer as Europe’s debt crisis
intensified. Stocks tumbled further in August as the worries spread to the U.S.
economy, sending the Dow to a one-year low last week. But as the economic data
showed tepid signs of improvement, a number of investors and traders have begun
to argue that the stock-market may have turned a corner.
Mr. Applegate
said the Global Investment Committee he runs at MSSB, which meets as many as 20
times a week but makes only very infrequent changes to its positioning, didn’t
come to the conclusion lightly.
Two and a half
years ago, Mr. Applegate began shifting to a more aggressive position,
benefiting from the major U.S. stock indexes’ 70% increase off its the March
2009 trough. While he says there was “no single event” that tipped the balance
this time around, Mr. Applegate’s pessimism is based on well-known concerns:
the ongoing debt crisis in Europe, fears of a “double dip” recession in the
U.S. and concerns about central bankers’ ability to support the wavering global
economy.
“The policy
action being taken, both in Europe and the U.S., is too little, too late,” he
says.
Mr. Applegate
doesn’t rule out a comprehensive plan to prevent a European banking crisis, but
he worries that Europe’s economy may nonetheless falter — particularly as the
European Central Bank holds interest rates steady after several increases earlier
this year.
“Europe will
avoid a Greek default, but what we ware saying is that they’re heading into
recession anyway,” he said. “The European economy wasn’t exactly robust to
begin with, and it’s hard to see how it’s going to get better.”
To be sure,
Mr. Applegate concedes that the economic picture could gradually improve, “in
which case our call is going to be incorrect.”
“We’re sifting
through the evidence all the time, so if it looks like we’ve got it wrong,
we’ll need to change our course,” he said.
Mr. Applegate
says he isn’t bothered by the market’s recent 11% run-up.
“We have
always said that we never try to time the market, and we don’t,” he said,
adding that his committee is flexible enough to reverse course — or even turn
more bearish if economic conditions deteriorate more than he fears. “We could
still get more defensive,” he said.’
Double-Dip
Recession a Foregone Conclusion: Roubini Oct 11th, 2011 News The question is not
whether or if there is going to be a double dip, but whether it’s going to be
mild or severe with another financial crisis source ]
The
REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... : 10/12/2011 – ‘US Commercial
banks have $200 TRILLION in interest rate based derivatives sitting on their
balance sheets. And guess which banks have the greatest exposure? Phoenix Capital
Research on 10/12/2011
I’ve stated before that
Bernanke isn’t interested in interest rates for employment of economic
purposes. We now have definitive proof this is the case.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_0.png
As you can see,
interest rates have actually RISEN after the announcement of QE lite, QE 2 AND
Operations Twist #2.The evidence is clear, QE has not lowered interest rates.
Indeed, the only time rates FELL in the last two years was when the Fed WASN’T
engaged in QE (May 2010-August 2010 and June 2011-September 2011).So what
gives? Does the Federal Reserve not have a stockcharts account? Don’t tell me
that with the TRILLIONS spent bailing out banks the Fed can’t afford to print a
couple hundred bucks to see Treasury yields. Heck, there are plenty of FREE
sources for Treasury charts.Jokes aside, it’s clear the Fed is engaged in QE
for another reason or reasons. I believe they are:
#1) To absorb the insane
debt issuance to permit the US’s massive deficit.
#2) To keep the interest
rate based derivative market in check.
Regarding #1, it’s no
surprise that the US has been running a deficit that would make Greece proud.
Indeed, the primary strategy of the powers that be since the Great Crisis began
in 2008 was to attempt to make up for the sharp downturn in the private sector
by spending obscene amounts of money.The Fed played a big part in this.
Indeed, since QE 1 was announced the Fed has bought over $1.2 TRILLION in
Treasuries. The Fed claims it isn’t funding the deficit directly. That’s only
partially correct. The Fed is supposedly buying old Treasuries from the banks. However, the definition
of “old” can mean one or two weeks.Tell me with a straight face that isn’t
somehow buying new Treasuries.As for the derivatives situation or #2 in my list
above, 82% of the $244 TRILLION in derivatives sitting on US commercial bank
balance sheets are based on interest rates. Put another way…US Commercial banks have $200 TRILLION in interest
rate based derivatives sitting on their balance sheets.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/top%20four.gif
Looks a lot like the
list of the VERY banks the Fed has been giving the most money/ preferential
treatment to. Coincidence? Nope. This is the $200 TRILLION problem Bernanke’s
so worried about. It’s THE reason he keeps funneling money to the TBTFs.And he WILL
lose control of it, just as he did in 2008.Consider that Financial leverage
levels today are higher than during the Tech Bubble. Only this time, the
problem will be far FAR worse.Why?Because 2008 was caused by the Credit Default
Swap (CDS) market which was $50-60 trillion at the time. As I stated before,
the interest-rate based derivative problem is $200 TRILLION in size.Even if
only 4% of this is “at risk” and 10% of that “at risk” money blows up, you’ve
STILL pretty much wiped out the equity at the TBTFs.You think Bernanke might be
worried?On that note, if you have yet to prepare yourself for what’s coming,
now is the time to do so. Whether it’s by moving to cash and bullion, opening
some shorts, or simply getting out of the markets altogether, now is the time
to be preparing for what’s coming (remember, stocks took six months to bottom
after Lehman… and that was when the Fed still had some bullets left to combat
the collapse).And if you’re looking for specific ideas to profit from this
mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding
disaster into a time of gains and profits for any investor.Within its nine
pages I explain precisely how the Second Round of the Crisis will unfold, where
it will hit hardest, and the best means of profiting from it (the very
investments my clients used to make triple digit returns in 2008).Best of all,
this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS tab.Good Investing!Graham Summers PS. We also feature four other reports
ALL devoted to helping you protect yourself, your portfolio, and your loved
ones from the Second Round of the Great Crisis. Whether it’s my proprietary
Crash Indicator which has caught every crash in the last 25 years or the best
most profitable strategy for individual investors looking to profit from the
upcoming US Debt Default, my reports covers it. And ALL of this is available
for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com .’
Europe eyes
bigger Greek losses for banks
Markets
Are Dealing With a Foreboding Financial Backdrop
Minyanville Lee Adler Oct
12, 2011 ‘Tracking the Fed, Treasury, primary dealers, foreign central banks,
money supply, and other key elements of US market liquidity to undertsand how
markets are operating.
Two weeks ago
I began to report that foreign central banks (FCBs) had begun to engage in
unprecedented levels of disgorgement of their massive holdings of US Treasury
and Agency paper. Prior to this year, the FCBs had typically absorbed the
equivalent of 25% of new US Treasury issuance month in and month out. That was
effectively a subsidy of US financial
markets money data income http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10121.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG
stock Editor's Note: This article was originally published on Wall Street Examiner .’
The
Structural Challenges Facing Muni Bonds Minyanville
Dave’s Daily http://www.etfdigest.com/davesdaily ‘The only thing wrong with the image above is
that it’s from March 2010, or on one of many previous plans agreed upon. But,
markets don’t care about this and just thirst for any deal even if memories
remain short. These euro zone fixes seem ephemeral and need implementation to
stick. HFT algos are programmed to pounce on these presumed fixes and have been
active in driving stock prices higher this past week. Let’s face it; this is
the time of year bulls can make their year with good fees and bonuses on the
line…
[video]
Trader: We Could Test 1120 Lows at
TheStreet.com
There's
A Recession Coming According To The Data at Forbes ‘
The most
worrisome statistic this week was the Empire State Manufacturing indedx– wehich
was down from a minus 3.76 to a minus 7.7– a leading indicator of recession in
the past. The new industrial orders index from New York remained well below
zero at minus 7.8.
The Federal
Reserve Board has promised to keep interest rates at zero until 2013– an
admission that the economy is not expected to rebound for two years– until the
next President is in the White House. This policy step indicates the Fed does
not believe the economy will recover either this year or next year. Never
before has the centreal bank made such a policy declaration for as long a
period as two years.
There were
1300 new lows in the market on August 8th– another phenomenon that hasd not
taken place since the great stagnation was triggered in 2008. Even though the
market indexes made up all their lost ground, it appewars that investors are
willing to delude themselves that corporate profits will reemain at very
high levels despite the period of austerity we are clearly entering.
The austerity
required in Europe to deal with the sovereign debt crisis is likely to push
Europe into a recession. This will impact US corporations dependent on
important profits from Europe.
The corporate
return on revenues has risen the past two years to a peak of 14%– an unusually
high level of profits– that is not expected to continue.
Consumer
savings are rising as household debt gets paid back. But, we are a long way
from safety levels of savings in a high unemployment period. And the higherb
the saavings rise so the lower the level of consumption will be.
Housing
numbers were down 1.5% last month underscoring that the turnaround in housing
is not close at hand.’
Market's
Swoon Should Be Your Wake Up Call
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 : ‘Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile and
range bound things have been. Specifically, since February 20, 2007, only
nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up 11.26%, down
10.09%, and now up 7.73% – through 12/10/07 – so far in
this latest up leg! All this in ONLY nine and one half months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk characteristics.’
SEC may have destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may have
destroyed documents and compromised enforcement case ... Grassley: Agency may have got rid of
Goldman, Madoff documents Ronald D. Orol Sen. Chuck Grassley “It doesn’t make sense that an agency responsible
for investigations would want to get rid of potential evidence. If these
charges are true, the agency needs to explain why it destroyed documents, how
many documents it destroyed over what timeframe, and to what extent its actions
were consistent with the law.” Agency staff “destroyed over 9,000 files”
related to preliminary agency investigations, according to a letter sent in
July to Grassley, the top Republican on the Senate Judiciary Committee, and
obtained by MarketWatch. The allegations were made by SEC enforcement attorney,
Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and
according to the letter, received a bonus for his past year’s work. Flynn
alleges the SEC destroyed files related to matters being examined in important cases
such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an
investigation involving Goldman Sachs Group Inc. GS +0.33% trading in American International Group credit-default swaps in
2009. Flynn also alleged that the agency destroyed documents and information
collected for preliminary investigations at Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13% , Credit Suisse CS +0.38% , Deutsche Bank DB +0.79% Morgan Stanley MS -0.06% Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
The forex
market is causing some companies to pull up stakes — Heard on the Street
Resisting the
urge to buy the dips — Josh Brown
Maybe it’s not
stocks that are cheap, but earnings estimates that are high — Ritholtz
China’s
worsening credit crunch — Pragmatic
Capitalism
The Occupy
Wall Street protesters are winning — Josh Brown
The gap
between economic data and sentiment — Abnormal Returns
Recession,
restructuring and the ring fence — John Hussman
What happens
after a Greek default? — Fortune
Stop blaming
Greece for the market’s problems — Mark Hulbert
China’s credit
crunch is worsening — FT Alphaville
Another huge
earnings miss coming? — James Bianco at The Big Picture
It’s science:
92% of all Billboard top ten songs are about sex — The Atlantic
Frau Merkel,
it really is a euro crisis — Ambrose Evans-Pritchard
Hero or
hypocrite? The Buffett Rule, then and now — Jeff Matthews
CRB commodity
index back to 1749 (warning: extreme verticality) — Ritholtz FT Alphaville
Europeans
still don’t seem to understand the enormity of their crisis — Economist
Misunderstanding
the effects of QE2 was a grave mistake, hurting us today — Pragmatic Capitalism
The myth of cash
on the sidelines — James Bianco at The Big Picture
A flowchart of
Greece endgames — none appealing — BBC
The unexamined
crisis of 2008 — Economist’s View
Monetary moves
have lost their magic — Reuters Breakingviews
Jobs are not
really being held back by deficit uncertainty — The Atlantic
The real
failure at Netflix — Abnormal
Returns
Peak oil may
be beside the point — Economist
The Troy Davis
case shows how wrong eyewitness evidence can be — Slate
The Tiger Mom
goes to China — New Yorker
Overconfidence
may be an evolutionary advantage — Discover
Buy your own
private island in NYC for less than $300,000 — Curbed (via Felix Salmon )
Bank of
America’s layoffs pointless, “wouldn’t even pay the lawyers” — Huffington Post
Time to break
up Bank of America — The Atlantic
Why is the UK
still rated AAA? — FT Alphaville
New human
ancestor discovered — WSJ
The cost of a
crowded volatility trade — FT Alphaville
Workers’
malaise foreshadows wider social issues — Mohamed El-Erian at Reuters
No, we’re not
waiting for your official recession call, economist –Josh Brown in Forbes
Your guide to
living in 10 fictional worlds — Wired
Failing US
economy no reason to stop investing in print media, all experts agree — The Onion
Enough with
the monetary easing already — Pragmatic Capitalism
The US economy
is becoming more susceptible to hurricanes — Real Time Economics
How Irene
lived up to the hype – Five Thirty Eight
The War on
Terror is dead — The Atlantic
Emerging
markets now have more heft and reach than developed ones — Economist (video)
Why is the
White House defending banks from investigations? — Megan McArdle CNN/Money
Know the
difference between short-term and long-term problems for the economy — Ritholtz
Why aren’t
governments more afraid of a double-dip recession? — The Atlantic
France
deserves a downgrade at least as much as the US does — Bethany McLean in Slate
Recent market
volatility has historical precedent — Mark Hulbert
Stop worrying
about China not buying Treasurys, already — FT Alphaville
Fed hawks at
odds over their reasons for dissent — Reuters
Why Rick Perry
made a bid for the anti-Fed set – Slate
Maslow’s
hierarchy of needs gets an update — The Atlantic
How did so
many people feel one small quake in Virginia? – The Atlantic
Philly Fed
coincident indicators turning red — Calculated Risk
Treasurys are
priced for disaster — Capital Spectator
Profit
recession risks tick higher — FT Alphaville
The rich can
afford to pay more taxes — Bruce Bartlett in Economix
Everything
You Need to Know About the Latest Market Plunge Minyanville Staff Aug 18, 2011 ‘After a rather benign start to the week,
markets plunged on Thursday with the S&P 500 shedding 4.5% and the
Nasdaq-100 falling nearly 5%. The main driver on the day was speculation
European banks remain insufficiently capitalized. Gold jumped nearly 25 to a
record high and Treasuries rallied. Among stock AAPL MSFT BAC ORCL Is It 2008 Again? Looking at the Summer Crash of 2011 bear market Dynamics of This Market Panic Ripple Though History Are Gold and S&P 500 Behaving Logically or
Irrationally?
Random Thoughts: Fed Dissention and Financial Market
Fatigue
Handicapping the Global
Economic Recovery Coming in October: Next Major Price Cycle Low Volume Trends Suggest Worst Is Not Over for Stocks The Sign of the Bear Economy Showing Signs of Life, but Not for Long Wall of Worry Keeps Rising on Europe's Credit Crisis Fears Why Is Everyone Bullish on the US? Wall Street Five Things You Need to Know: Asymmetric Economy
Increasingly Untenable and Unstable Fed's Easing Policy Means Worse Living Through Convexity investing Are US Markets Facing the Abyss?
Dow
Tumbles on New Worries About Same Old Issues - Aaron Task
Who’s
Worse: U.S. Banks or Bernie Madoff? -
Stacy Curtin
WHY NEW
LOWS ARE LIKELY Simon Maierhofer, August
18, 2011 Last Sunday's (August
14) ETF Profit Strategy Newsletter update listed 5 reasons why new lows are
likely. Here they are:
HISTORIC REVERSAL
We've
been expecting a major market top in the S&P 500 (SNP: ^GSPC), Dow Jones
Industrials (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC). The April 3 ETF Profit
Strategy update identified the ideal target range for a major top to be 1,369 -
1,382. The chart below was featured in the same update.
It
outlines a top around 1,370 followed by an initial decline to about 1,230
(happened in June), followed by a rally (happened in July), followed by a steep
decline.
DEATH CROSS
The
death cross is one of the most talked about technical events, that's why I
don't put too much stock in it. However, there are two interesting facts about
previous death crosses.
The
2000 and 2007 death cross occurred about three days before the S&P embarked
on its next leg down. The 2010 death cross was actually a buy signal. However,
it occurred after the S&P and DJIA bounced off a multi-year trend line.
This time the trend line was broken so a more bearish interpretation of the
death cross is appropriate.
https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg
SEASONALITY
August,
September, and October is the most bearish stretch of the year. September and
October sport negative performance even in the pre-election year.
SENTIMENT
From
S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points
and sentiment measured by Investors Intelligence (II) and the American Association
for Individual Investors (AAII) turned deeply bearish (only 37% II bulls). The
June 16 ETF Profit Strategy update took that as a queue to buy (long positions
were closed at S&P 1,340).
From
S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251
points, yet the II sentiment poll registered the second most bullish reading
since the first week of May (47.3% II bulls). AAII and II polls are often
considered the 'dumb money.' If the 'dumb money' views last Wednesday's low as
a buying opportunity, the 'smart money' should be suspicious.
VIX PATTERN
If
you have the charting capabilities, take a moment and plot the VIX (Chicago
Options: ^VIX) against the S&P for the months of September - November 2008
and April - July 2010. If you don't have the time you may simply look at the
chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What
we've seen in 2008 and 2010 is that a VIX peak did not coincide with the
S&P bottom. The S&P bottom actually occurred against a lower VIX
reading. If this pattern continues, we will see lower lows.
The
August 14 ETF Profit Strategy update includes a detailed analysis of the VIX
pattern.
THE SCRIPT
Via
more or less accidental chart surfing I found a striking resemblance between
the 2007 market top and the May 2011 top. This moved me to state in the
July 17 Profit Strategy update that:
'There
is a similar trend line and a triple top above the trend line. A break below
that trend line could be a precursor of bad things. Next week the trend line
will be at about 1,262.' The S&P sliced through that trend line on August 4
and fell an additional 12% within the next four days.
The
August 7 Profit Strategy update revisited that script and concluded this: 'We
now have a rough script; let's see how much lip the actors will add during the
live performance (I.e. S&P downgrade).
The
two main things I have taken away from the 2007 script are:
1)
There will be a new low.
2)
There will be a powerful counter trend rally to around 1,xxx (reserved for
subscribers).'
THE VERDICT
We
got the new low and we got a rather powerful rally. Now the question is, how
long will the low last and how high will stocks rally?
The
script suggests there will be another low. The VIX pattern suggests there
should be another price low. Seasonality suggests that there's some headwind on
the way up. Sentiment readings suggest we should be suspicious of any rally.
The death cross also suggests lower prices.
SUMMARY
There were a number of good reasons to expect new lows on
Sunday. Yesterday's ETF Profit Strategy update recommended to go short as soon
as the S&P breaks below 1,373. This happened within the first few minutes
of trading today. Now it's time to let the script play out…’ S&P
Triggers 200-day MA Death Cross - What Does this Mean? ETFguide.com
Is
This a New Bear Market? The Chart That Tells The Whole Story ETFguide.com
Why
The Worst May Be Yet To Come ETFguide.com
Abandon Ship By Michael McGill : ·
Homes Sales
Drop 3.5% in July – …
·
Jobless
Claims Rise 9,000 – …
·
Treasuries
Hitting Record Highs (record low yields) – …
·
Inflation at
the Consumer Level Rose to 0.5% in July – …
·
World GDP
Growth Slowdown - …’
Dow/Gold
Ratio Lowest Since 1987 Crash Today’s gold
buyers might still get to look early birds as this depression wears on… GROWTH or defense… stocks or gold? Intra-day noise aside in summer 2011,
Mr.Market’s choice looks plain.
The Dow/Gold
Ratio – a measure of the U.S. stock market’s valuation in ounces of gold – has
sunk as equities have plunged but gold prices have jumped
so far this summer.
Dropping
through 6.0 ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been
this low since early 1989, back when world equity markets were recovering from
the Great Crash of Black Monday 1987.
http://goldnews.bullionvault.com/files/DowGoldviii11.png
That slump
itself had taken the Dow/Gold Ratio all the way down to 3.6, with gold prices
rising to nearly $500 per ounce as the Wall Street index sank to 1776 points.
Growth, of course, was only taking a pause in late 1987 – a quick breather
before the real race to perfection of the late 1990s. Today, in contrast, the
Dow/Gold Ratio could still go a lot further down. Or so says history.
Trading a
little over its century-long average of 10.0 today, the ratio bottomed during
the 1930s Great Depression at just below 2.0 ounces of gold for one Dow unit.
At the nadir of the next global depression – the inflationary depression of the
early 1980s – the Dow/Gold Ratio sank even lower, down to 1.0.
Whatever
flavor of depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show
and as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye
on the underperformance of gold mining equities, too) – a growing flow of
private savings is choosing defense in gold bullion rather
than choosing business-risk in listed stocks.
That choice
might sound self-fulfilling if you work in psychiatry or government, a kind of
“clinical disorder” open to curing with medication, zero interest rates or
perhaps a third round of quantitative easing – most likely aimed at risk
assets, we guess, rather than the “risk free” Treasury bonds targeted by QE1
and QE2 – and which institutional investors are all-too keen to hold anyway.
So far,
however, investors choosing to buy gold only account for a
tiny portion of the money fleeing equities.
From here to a
true depression low in Dow/Gold (if such a level is reached), today’s gold
buyers will need to find many more friends. They’d also look early-birds
compared with the rush out of stocks – and into gold – needed to reach that 2.0
or 1.0 mark.’
The Great Stocks
Vs. Gold Round Trip Aug 19th, 2011 News (BusinessInsider) — ‘ When priced
in gold stocks have now returned to where they were at the market’s low-point,
back in 2009. Actually, we’re even worse now.
http://www.usagold.com/pete/newsviews/20110819GoldSPratio.jpg PG View : In 1965 De Gaulle called for a
return to an “indisputable monetary base,” one that “does not bear the mark of
any particular country.” He of course was referring to gold. As was pointed out
in a Forbes
article early in the week on the 40th anniversary of President Nixon
closing the gold window, “over the last four thousand years, the only period in which humanity
has not consistently based its currency in metal, specifically gold, is the
last forty .” And look what that has wrought…’
Ignore
Buffett's Advice, Don't Buy Stocks at
Forbes
I have been
looking for a serious crisis to start in September. It appears that we have
seen the prelude for that. The big smart money has been preparing for the past
five months.You can see the “distribution pattern” on the charts since
mid-February. The rush to the exits is now accelerating and the smart money has
been selling short in large amounts.
The extreme
bullish sentiment that prevailed until the latest plunge was first replaced by
complacency, then by concern. However, the “fear” stage is still missing,
except at hedge funds that were forced to sell because of margin calls. In
fact, during the severe plunge in the first week of August, investment
investors became even more bullish according to Investorsintelligence.com. That
is not good for the markets.
The market
negatives are increasing in numbers. The IPO window is now shut. There are
signs that credit is once again vanishing. Loans are being called in, some
companies appear to have difficulties rolling over their Commercial Paper, junk
bonds yields are soaring, European banks may stop lending to each other, and
the European crisis is spreading out across the globe. It’s my view that this
will cause another credit crisis, just as in 2008.
What’s worse
is that contrary to 2008, the big players learned to read the signs from their
2008 mistakes. They are now wide awake, although in the media, their minions
still repeat the same bullish fairy tale. This means that this crisis could
develop much faster than the last one. (Read my book, Financial
Apocalypse, which is the
2008 roadmap, one which can be used very well for what is now happening.)
The words
“possible recession” suddenly is being mentioned a lot in the media, although
economists still strongly deny that possibility. Our rule is that the stronger
their denials, the more certain and the deeper the recession will be. In fact,
I declared in our May 9 issue of the Wellington Letter that the recession had
started.
Morgan Stanley
lowered its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My forecast
is for 1%-2% or less. It would be negative growth except for the fudged
inflation numbers.
The European
politicians are not any smarter than those in the U.S. Merkel and Sarkozy had a
meeting in Paris and did nothing. That day I called the outcome “Disastrous”
for the markets. It took the markets a day to digest the consequences and then
the selling avalanche started. Many of the markets in Europe, led by the banks
stocks, went into virtual free falls, losing from 4%-7% in one day. Such losses
indicate an approaching crisis.
Now we see
some of the well-known Wall Street figures appearing in the media, telling
investors all the reasons why stocks are a good buy. One appeared with a long
list of bullish factors. Well, that list didn’t prevent the global stock market
from losing an incredible $6 trillion over the past several weeks. He did the
same cheerleading on national TV in 2007 before investors lost 50% of their
wealth.
Warren Buffett
is also once again the cheerleader saying he is buying stocks. He did that in
2007-2008 as well, and then the meltdown started later in 2008.
I would not
fall for this self-serving advice. Words cannot rescind a recession that we
already have, it cannot stop the insolvency of entire countries in Europe, it
can’t change the fact that major profit downgrades will appear soon, and it
can’t stop the China crisis that is now starting.
Gold is
soaring, but the mining stocks look terribly weak. There is great danger now
with the gold stocks getting hit hard by less developed countries, including
South Africa, to nationalize gold mines. This is too lucrative for them to
resist.
I would get
out of all money market funds unless they are “U.S. government only.” The
MMFs have big exposure to European banks. We believe that lending between banks
in Europe may seize, which means that the whole structure will start shaking.
You will start hearing the word “contagion.”
In my opinion,
the danger period is approaching. What we have seen until now is just a “preview.”
The main feature is likely to be worse.
Bert Dohmen is
editor of Bert Dohmen’s
Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’
The
"Crimes" That Wrecked The Markets Forbes / Robert
Lenzner ‘CNN’s anchor in London, Richard Quest, raised the issue squarely today
about trying to explain the “crimes” that have created this failure to recover
from the 2008 recession and the fear of another downturn in the economy
that could wipe out many of the gains we have achieved. Quest, of course, did
not mean felonies or violations of the law that would land people in prison. I
think he meant crimes of bad policy, crimes of financial illiteracy, crimes of
stupidity, crimes of poor leadership.
So, here’s my
attempt to sum up my answer to Quest.
The
powers-that-be saved the Masters of the Universe on Wall Street by using
trillions of loans, investments and guarantees that sent the signal that
Finance was the nation’s Number One Priority. This historic gift to
finance meant that the growing disparity between the super-rich and the middle
class would continue to widen, without anyone of our top policy gurus
suggesting it was splitting our nation. Some academics even worry about the
“crime” of pushing the middle class into poverty.
Nevertheless,
there was no bold strategy left to help those out of work. It was a “crime”
that the stimulus program did nothing to create any jobs in the private sector.
Obama’s economic adviser in 2009 , Larry Summers, was dead set against a
make-work program to put the nation’s skilled construction workers busy on
repairing the rusting infrastructure he finds distasteful at airports and
railroad stations. Now, we are going to be given the sop of an infrastructure
bank that couldn’t possibly be in place for years, if ever.
No question
the handling of the debt limit debacle was “crime” of poor
planning, no overall shred strategy and trying to effect a master plan for
$4 trillion cuts with only days to go before the August 2nd deadline.
Keystone Cops, whatever you wish to call it caused a loss of confidence
in the nation’s politicians; a kind of virtual “crime” on the public who
deserved better. Much better. This entire episode removed the foundations to
rational expectations for the stock market– and threw the nation into a
madhouse of volatility and confusion.
I don’t know
what to call the lapse in the markets faith in paper money– and the
more-or-less steady rise in the price of gold from $850 an ounce 3 years ago to
well over $1800 today. There is no other stock, bond or commodity you
could have purchased that had this magnificent performance. Well, maybe the
shares of Apple, and some global commodity producers.
Moreover, it
was a “crime” to do nothing about the obscene bonuses taken by the Masters of
the Universe– who only were able to pay themselves in this way because of the
federal bailout. No one has tried to get back the fortunes taken away by
Lehman’s Richard Fuld, Countrywide Credit’s Angelo Mozillo–or either of
the Merrill Lynch CEOs, who helped destroy their iconic firm. Now there’s a
“crime.”
Then, there’s
the SEC’s unwillingness to reinstitute the uptick on short sales of
stock– so that hedge funds and other speculators could not trigger sharp
sell-offs in the stock market If you had this “uptick” rule back, every short
seller would have to wait for a transaction at a higher price to sell
short– rather than the libertarian “crime” that allows them to pound a stock
lower to make sure-thing profits. It’s a crime short sellers are able to shoot
ducks in a barrel. Shocking lack of fairness. No wonder Aunt Sadie is fleeing.
No doubt there
were “crimes” committed in the week of volatility, with gyrations that scared
the public. These movements up and down were caused by the high frequency
trading by computers owned by hedge funds– who are not investors– but
in-and-out traders several times a day and who have no regard for fundamental
values. These Masters Of The Universe have the ultimate power in
American society because of their political contributions and lobbying.
I believe
Obama’s health plan to be a “crime” because it was a sellout to the 5 giant
health insurance firms that were given 4 years clear and free to raise their
premiums without interference. It was a “crime” because Obama was told by
leading Senators it was a terrible sellout of the citizenry.
I don’t know
what to call the bankruptcy of fiscal and monetary policy. In some
existential sense it is a “crime” that we have run out of fiscal and
monetary ammunition to turn this collapsing shock treatment around. It is
a “crime that 300 million people will be looking for Ben Bernanke, Fed
Chairman, to pull a rabbit out of a hat in Jackson, Wyoming next week, when central
bankers are meeting. QE2 came from last year’s meeting– but it created no
jobs.
The same will
be true after Labor Day when the much-ballyhooed Obama speech on jobs is
coming. I fear expectations are going to be terribly disappointed. Expect
rhetoric as in “We have always been a Triple A nation– and we always will be
Triple A. ” That was a “ crime” of speaking mush, when 300 million people know
better, and wanted to hear something meaningful. Not to have bold, kick-ass
leadership at a time of crisis is a sad sort of a “crime.” ‘
Accounting
Gimmics Resurface as Growth Flounders at
TheStreet ‘ Accounting
techniques of Groupon and Zynga were under the spotlight recently, with the
Securities and Exchange Commission instructing both companies to adhere to more
stricter and conventional accounting standards, causing them to amend their IPO
offer documents.
The creative metrics in the IPO documents of recent
social-media IPOs are reminiscent of the dot-com bubble when stocks
Rebekah Smith, director of financial
Financial statement fraud like the kind that took
place at Enron are rare. The Association of Certified Fraud Examiners estimates
that such manipulation accounts for only 4.8% of total fraud cases, although it
causes the most financial damage, with the median loss being more than $4
million.
But accounting gimmicks that focus on non-GAAP
(Generally Accepted Accounting Principles) measures are rampant and they can be
misleading.
Groupon, for instance,
claimed that the marketing expenses incurred to acquire customers were
"one-time investments" and hence they should be excluded from the
calculations of operating income.
By that metric the company made an operating profit
at $81.6 million in the first quarter of 2011, as opposed to an operating loss
of $113.9 million under traditional accounting standards.
However, analysts were quick to point out the metric
was absurd. "If you are going to capitalize acquisition costs, the onus is
on you to show proof that acquired customers stay as customers (and actually
buy products for many years)," Aswath Damodaran, Professor of Finance at
Stern School of Business and a reputed author of textbooks on valuation, wrote
in a blog post.
"With strong competition from other online
coupon based companies (like LivingSocial), it is entirely possible that
customers once acquired, are fickle and move on... If that is the case, the
acquisition cost has a very short amortizable life and begins to look more like
an operating expense," he wrote.
Zynga issued a restatement of its second quarter
results saying it did not hew to accounting standards in the way it estimates
how long people play its video games. That had the effect of understating
revenues during the second quarter. While the impact of the Zynga's restatement
itself was not substantial, it highlighted the murky accounting involved when
it comes to new business models.
"There is a new market of publicly traded companies with business
models that open more room for interpretation on how revenues and costs should
be treated. We do see some aggressive accounting techniques" says Dan
Mahoney, director of research at the Center for Financial Research and
Analysis, a unit of MSCI that specializes in forensic accounting.
Smith of GBQ
Consulting says there is a greater risk of financial statement manipulation at
such new-age businesses. "We have a lot of new business models and people
are still trying to understand how the finances of these companies work,"
she said. "Companies get to decide what to tell them[investors] on how
their industry works. They decide what the metrics should be."
While in a
traditional sector an astute analyst might call a company's bluff, it is harder
when you don't have history as a guide. "We don't have a typical 10-year
history. As a financial professional, you can't make a conclusion on what the
financial metrics should look like," says Smith.
Mahoney at
CFRA says companies with high valuations are also ripe for these sort of
gimmicks, as they are under pressure to sustain valuations.
While in a
traditional sector an astute analyst
Netflix(NFLX has been
criticized in the past for its calculation of subscriber churn rate, which
looks at the number of cancellations as a proportion of subscribers. Netflix's
method has the effect of overstating the subscriber base, thus making the churn
rate seem lower.
Analysts have
over time learned to adjust for this inconsistency. And as it turns out, the
movie rental firm has drastically
limited the metrics it is willing to provide , saying that in 2012 it will
no longer report churn, gross subscriber additions and subscriber acquisition
costs.
Problem
solved.
Stern's
Damodaran says companies resort to these tricks because the market analysts
simplistically assign multiples to a profit metric. All companies have to do is
"make a change that affects earnings and you can change the
valuation," he says. "Investors need to understand what Groupon's
business model is, what their potential market is, who are they going up
against."
--Written by
Shanthi Bharatwaj in New York
>To contact
the writer of this article, click here: Shanthi
Bharatwaj . ‘
Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St. Cheat
Sheet
Dow:Gold
Ratio and the Secular Bear Market at
Minyanville Toby Connor Aug
23, 2011 ‘However low the risk, large potential trades are now in the stock
market, not in playing chicken with the gold parabola.
As I have been warning investors stocks http://image.minyanville.com/assets/FCK_Jan2011/File/August11/tobyc8231.JPG
Click to enlarge stock moving
average
Is the
Market Forecasting War? {
Kind of a ‘large dart board’ in terms of ‘educated guessing’ in light of the
perma-war ‘bent’ of these perma-war ‘bent’ nations; viz., ie., u.s., israel,
europe, etc.. } [ If so, and if this
writer’s correct, all nato’s and america’s misguided actions in the Mideast
will be viewed as an attempt to weaken Arab nations for the benefit of
war-mongering israel and will never be forgotten as such, to the substantial
detriment of the dying so-called western alliance. ]
End Of
Cycle Smelling Like Dow 3K, Gold 3K Listen up, dear reader
herein we announce an historic Daily Reckoning forecast. Here’s your north
star, your compass, your GPS to the future. Print it out. Paste it to your
refrigerator:
About
the turn of the century, two markets turned Gold turned up Stocks turned down
These major trends will end Whence they meet
Our
view is that the bear market began in January 2000. The feds fought it off with
two huge extravaganzas of spending — the first beginning in 2001 the other
after 2008.
Stimulus
does wonders for stock prices but it no longer works for the economy that
sustains them. For every dollar that the Fed has put to work to fight the
crisis since 2008, for example, it has produced only 80 cents worth of GDP. It
didn’t work.
Fighting
a credit contraction with more credit is a losing proposition. Eventually,
investors are bound to realize that stocks are headed down. Eventually the bear
market will resume. And eventually it will come to an end.
But
when? Our guess is that it will end when the Dow and the price of gold arrive
at the same point — probably around $3,000. Whatever the number, you’ll be able
to buy the entire group of Dow stocks for the price of one ounce of gold.
Of
course, our view is a minority one. Warren Buffett
And
if it doesn’t work out? Please have the grace to forget we mentioned it.
We
would like to be able to predict the future, but we’ve never gotten the hang of
it. We’re just guessing.
But
since we’re just guessing, we don’t see why we should hold back.
We’re
also guessing that…
…the
weight of so much debt is depressing growth…and will soon depress stock prices
too…
…that
the economy is becoming zombified from too much government money…especially the
military…
…that
Mr. Market is ready for a long bear market anyhow; he’s tanned, rested, and
ready to go to work
…that
the US is following in Japan’s footsteps…towards a long period of on-again,
off-again recession
…that
the recession of ’08-’09 in the US never actually ended…
…and
that stocks will go down over the next 5-10 years until they finally hit a real
bottom.
Our
guess is that gold goes down, shakes out the speculators and weak investors and
then, perhaps a couple years from now, perhaps longer — begins its third and
final phase.’
Back-to-School
Sales Looking Blah at The Wall Street
Journal
CHINA,
EMERGING MARKETS POINT TO DOUBLE-DIP 2011 August 24 http://www.iphone2die4.com/2011/08/24/china-emerging-markets-point-to-double-dip iphone-robot ChartProphet submit:
How much
higher can Apple shares go without Jobs?
Arguments
for Being in the Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only
own things you're willing to own in a down 20-30% tape, because that's what we
could see over the next month. ‘This
piece is going to read a bit like an inner monologue in the hopes that seeing
how I wrestle with conflicting ideas may help with your own thought process.
One of the responsibilities of putting your thoughts online for public
consumption is only writing when you think you have something worth reading.
After awhile you accumulate a portfolio of pieces and can see common themes
in your writing, the struggles you've had, and whether you've been on the mark
or not. And this summer I've written primarily about three topics: 1) the 2011
consumer tech IPO names led by Groupon , LinkedIn, and Zillow , which I've done a reasonable job with, 2) pessimism about the debt ceiling deal being resolved early
due to the intransigence of the 2011 GOP, which I also feel I analyzed well,
and 3) the ongoing macro tug-of-war between compelling valuations and the
escalating European debt crisis, which I've gotten wrong.June 24 piece where I wrote,
"My
experience in 2007-08 taught me that in credit contagions understanding these
dynamics is all that matters. Charts don't matter, macro data doesn't really
matter, and until the contagion stops valuation doesn't really matter either. A
$1 bill could trade for 70 cents if firms need to raise capital."
data http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet1.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet2.jpg
credit
spreads http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet3.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet4.jpg
risk comments out of German Chancellor Angela Merkel last weekend ,
when she said, “Politicians can’t and won’t simply run after the markets. The
markets want to force us to do certain things. That we won’t do. Politicians
have to make sure that we’re unassailable, that we can make policy for the
people.”earnings AIG funding
Stocks
Woosh Higher in Vacuum, Now Perfectly Poised for Disappointment at The Wall Street Journal
What
to Expect Next From the Markets at
Minyanville Jeffrey Cooper
Aug 29, 2011 ‘Conclusion: It looks
like a program was run using the least amount of dollars to goose the indices
by focusing on some big cap names like Apple (AAPL AMZN BIDU IBM CAT
‘From a technical perspective, the markets are looking dangerous
right now. On Friday, a big buy program was run for Ben Bernanke’s speech after
running the stops and getting traders short.as
offered in the last report .an
alert to cover shorts . Combined with Bernanke’s speech, the flip was
switched to save a poor weekly close when the S&P recaptured 1154.http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/ARCX_SPY_10%20--%20SPDR%20S&P%20500%20TRUST.jpg
Thursday morning’s report I suggested that the direction
following the first hour on that day should be the bias into the
weekend. There was a change of character in the dynamics which the Reverse ORB
did a good job of identifying.http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXweeklyJulyb.jpg
Click to enlarge moving
average http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.jpg
Cascade
Setup began in July .http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXdailyAprilb.jpg
Click to enlarge
At
the same time the the 55-day panic point from the July 7th pivot window does
not close until August 31st, so this is tricky here. However, the market is not
a fine Swiss watch and when it comes to these cycles one must allow for plus or
minus a few days. I think we should key off the behavior following a turnup in
the weekly chart and the action following the first hour. If the trend is still
in runaway down mode, another high could be defined quickly. I would exercise
some patience here and let the market speak.http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/DJ-30%201937%20-%201938%20final%202.jpg
moving
average AAPL AMZN BIDU IBM CAT stocks SLV
Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘ There will be no
significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus.
Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list. At some point, his statute of limitations on blaming
Bush runs out. The latest joke is that the White House is that named the
location of East Coast earthquake near DC “Bush’s Fault .”
Obama himself said, “…that after three years, if the economy
wasn’t fixed he should be a one-term president.”
Clearly the economic malaise started on
George W. Bush’s watch. Its causes will be argued for decades, but most
of them are traceable to irresponsible lending and excessive spending— both by
government and the American people. The trouble that started before 2008
is directly traceable to actions (or inactions) of Bush and GOP allies in
Congress. They spent America into the start of the current deficit during
his eight years in the White House.
But that was then, and this is now. Since Obama took office the
situation has gotten much, much worse. Obama has run up the
deficit at more than twice the rate Bush did.
During the first quarter of 2011, the US economy “barely grew” —at 0.4%—that
was followed by second quarter’s “anemic growth” of 1%. This was during
the period when the Obama recovery was supposed to be well underway.
Employment data is unremittingly terrible: new jobless claims are stuck
at 400,000+/- each month, with job creation well below what it takes just to
absorb new workforce entrants. More Americans have been unemployed longer
than ever in our history. And looking ahead, the news is not good.
This is Obama’s failed American recovery, and in the near
future, Obama’s impending double-dip recession (thanks
in no small part to his three consecutive years with Trillion-dollar in
deficits that have inflated the national deficit to soaring heights—$14+
Trillion.) That legacy clearly
belongs to President Barack Obama and with help from the Congress led by Harry
Reid and Nancy Pelosi during 2008-2010. Thanks to them, our country
hasn’t even had a budget since Obama took office.
The latest Obama Blame Finger pointing
focuses on the “Tea Party” as “extremists” who have a problem with astronomical
deficits as far as the eye can see. (Pointing at Bush is getting a little
old since he’s been out of office for 2-1/2 years). Obama needs a new
scapegoat. The problem with the Tea Party is that it is like the child in
the fairy tale, “The
Emperors New Clothes.” The child is reviled for pointing out
that the emperor is naked. Thus, the Tea Party is not wrong, just
unwelcome.
Now Obama also wants to point the Blame
Finger at the GOP House for the downgrade in the US debt rating by Standard and
Poor’s. It seems that he believes that everyone else is to blame but
him. That downgrade was predestined by the combination of irresponsible
spending and Obama’s clueless attempts to throw money at a recovery to no
avail. Spending $1.50 for every dollar of revenue, running trillion
dollar annual deficits is reason enough for a downgrade in the US debt rating.
Face it folks: This is Obama’s failed recovery. And if (or when) it
comes to pass, this “double-dip” recession (just around the corner) is his too.
Make no mistake, there IS plenty of
blame to go around. About 75% of Americans are fed up with both and liberal factions of the House and Senate behaved
badly in the recent debt ceiling negotiation. President Obama wanted to
stay above the fray so he provided no leadership. He didn’t even know
how to bring the opposing viewpoints together. He talked about
bi-partisanship and consensus, but his actions disproved his words.
Until the president saw an impending
disaster, he sat on the sidelines, afraid to do anything that might hinder his
reelection campaign. Then, when his intervention didn’t help, and
arguably hurt the progress, he grew impatient, petulant and angry.
John Boehner, however, did an admirable
job trying to build a compromise deal on the debt ceiling, and get his own
Caucus to support such a plan. Except, Obama was attacked by his liberal
base for even considering the “grand bargain,” so he came in and dumped another
“raise taxes more” demand on Boehner. I’d have walked out too, which
Boehner was right to do.
But at least they were arguing about the right thing: how much
to cut spending and how.
The Tea Party’s desire for fiscal
responsibility is right, but it doesn’t mean that tax revenue can’t be
increased. It can; how it’s done is what matters. The tax code
desperately needs to be restructured. Simply digging in on old positions
doesn’t help; it hurts. The goal
is to “get the country working again,” and grow our way out of this mess.
The one phrase of President Obama’s
that I agree with is “Country First.” But John Boehner was the one who
tried his best to put “Country First.” If Obama truly chooses that as his
2012 campaign slogan, it will reek of hypocrisy.
If the members of Congress would put 1)
country first, 2) constituents wishes next, and 3) personal agendas last, they
might be able to work together to find a way out of this mess.
What happens in the Super-Committee of
Twelve will be both revealing and predictive. Either America’s
Congressional leaders will—or won’t—put "country first" and try to
find common ground and reasonable compromises to lead America out of this mess.
Whatever happens, this failed recovery
and impending recession belong to President Barack Obama. His
condescending explanations of why “we Americans” don’t get it, how “this will
take a long time,” this recovery, and his “class warfare” about “millionaires
and billionaires” versus the “common folk” are all wearing thin.
This kind of rhetoric won’t solve
America’s problems. It
takes strong, informed, and experienced leadership to get through a mess like
this one. “The
person who got you into a problem is seldom the one who will get you out of
it.” That’s
why there will be no recovery on Obama’s watch …’
http://dailybail.com/storage/chart-real-unemployment-3.gif?__SQUARESPACE_CACHEVERSION=1314981227699
’It’s now above 23% with the August update.
Details from John William’s Shadow Stats.’
Shadow Stats
Deja
Vu All Over Again: Total US Debt Passes Debt Ceiling… In Under One Month Since
Extension Sep 2nd, 2011 News http://www.usagold.com/pete/newsviews/DebtCeiling.jpg ‘
Global
Recession: Right Here, Right Now at
Minyanville Mike Mish Shedlock
Sep 02, 2011 Why are we talking about avoiding recession when the global
economy is clearly in one and fundamentals are horrendous?
‘It's time to stop debating whether or not the US or
Europe is headed into recession. The facts show the entire global economy is in
recession.
Euro zone’s manufacturing purchasing managers’
index fell to a two-year low of 49.0 in August, down from a preliminary
reading of 49.7. (Business Insider) PMI’s contractions seen in Ireland, France,
Italy, Spain and Greece. (Business Insider) Germany’s manufacturing PMI slowed to its lowest
level since September 2009, slumping to 50.9, well below an initial
estimate of 52.0. (Business Insider) US Manufacturing ISM ex-inventory Growth is in
contraction (Mish ) Japan's PMI fell at three-month low (Financial
Times ) PMI readings in Switzerland and Sweden dropped (Financial
Times ) British manufacturing PMI fells 49, hitting a
26-month low (MarketWatch) Germany private consumption fell for first time
since Q4 2009; Manufacturing growth slowest in 23 months (Reuters) Japan capital spending plummeted 7.8%; In Q2,
expectations were for 1% increase (RTT) US construction declines 3.5% vs. same period in
2010 (US Census Bureau) China exports to US contract, PMI is barely
above contraction (Reuters) Container traffic at Port of Long Beach drops
3.17%, smack in face of normal Christmas season ramp-up (Bloomberg) Canada GDP unexpectedly declines, led by a 2.1%
drop in exports (Bloomberg) Brazil unexpectedly cuts interest rates .5% to
combat recession; 62 of 62 analysts miss call on rate cut (Mish) Taiwan's PMI dropped to 45.2 in August, the
lowest reading since January 2009 (Reuters) German economy grew just 0.1 percent in the
second quarter (Reuters) Switzerland economy grew at its slowest pace
since 2009, as a record strong Swiss franc bites into exports. (Reuters) Retail giant in Australia warns of massive price
deflation and falling sales, "Hardest Christmas in Retailer
Lives" coming up (Mish) US see zero jobs growth, unemployment rate
remains flat at 9.1% (Mish)
here .’
U.S. Postal
Service nearing bankruptcy as email asserts its dominance [Good! Let UPS take them over … the
usps is totally unreliable]
‘Brendan posted earlier about how Citigroup is getting worried about profit
margins. They’re not alone — Soc Gen’s in-house Dr. Doom, Albert Edwards, has a
note today with his own take on the subject.
Shockingly, Mr. Edwards’s take is downbeat!
While Citi focused on the impact of government
spending on corporate profits, Mr. Edwards zeroes in on the recent collapse in
productivity and surge in labor costs and what they say about margins:
Last week the BLS
revised the unit labor cost rise in Q2 up from 2.2% to 3.3% quarter over
quarter. US non-farm business unit labour costs are now rising by 2% year over
year. That is very bad news for profits. Bad news for equities. And because the
pace of ULC is a key driver of inflation (upwards in this instance), it is bad
news for an increasingly criticised and divided Fed.
Since labour costs
overwhelmingly dominate corporate costs, trends in productivity are crucial to
the pace of growth of company profits. If unit labour cost growth is below unit
price inflation, then unit margins are expanding. This, together with unit
sales growth (and the less important unit non-labour costs), arithmetically
determine profit growth.
Typically,
productivity growth tends to ebb and flow with the economic cycle – i.e. productivity
tends to rise as the economy accelerates and vice versa. Therefore unit labour
costs tend to fall sharply early in economic recoveries (as has happened
recently), but typically begin to rise and eventually exceed output price
inflation later in the cycle.
When unit labour
costs start to rise quicker than output prices, as is the case now, this tends
to exert an upward pressure on inflation as companies try to maintain margins.
The pass-through of this upward pressure on inflation is largely determined by
the pace of the cycle. If demand is robust, inflation will rise. If demand is weak and companies cannot pass on cost
increases, margins and profits get crushed. That is the tipping point we have
now reached.
And Wall Street analysts, in a truly shocking
development, actually seem to be paying attention, Mr. Edwards writes:
[W]e should not be
surprised at the pace of deterioration in analyst earnings optimism: in fact we
have seen a near record rate of decline in US estimates over the past six
months. In Europe things are even worse! As Andrew Lapthorne shows in this
week’’s Global Equity Market Arithmetic, European (ex UK) the level of analyst
optimism has now dived to 24%, a level only ever reached in recession.’
Why
Every Investor Needs to Time the Market Breakout This Is a Secular Bear
Market and The End of Buy and Hold … and Hope http://www.albertpeia.com/endofbuyandhold.htm
Brian Rezny June 03, 2010 ‘Buy and hold investing is a popular
strategy, and the thinking is straightforward: in the long run, the market will
offer returns, in spite of short-term volatility. In theory, this is a sensible
idea. Unfortunately, this approach does not work in today’s market. Why not? Of
course, the market is down for this month. But that’s not the reason this is
not a buy and hold environment. It’s not just about the recent correction, or
the end of a market rally. The current trend fits into a much bigger picture…
and it’s a picture of a long-term bear market. Secular markets are long-term
trends, typically lasting about 18 years…’ [ This was true
and among my conclusions even back in 1977 when I did my MBA thesis: MBA
Finance, NYU GBA, 1977. It most assuredly is glaringly true today. Fed
Economists Predict A 15 Year Bear Market For Stocks Aug 23rd, 2011 News , A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582 (11,297). Therefore,
the index has gained 11% (-0-% as of
this day) in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!} Meanwhile,
the frauds on wall street are churnin’ and earnin’ like never before at
lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.]
Prepare
For Recession And Bear Market at
Forbes Sy Harding, ‘
Central banks
around the world seem to be doing so, making little effort to prevent it this
time around, resigned to letting the business cycle play out.
Stock markets
around the world also seem to be doing so. In anticipation of economic
slowdowns that won’t slide all the way into recessions, stock markets normally
decline only into corrections (declines of less than 20%). But they plunge into
bear markets when recessions loom.
And global
stock markets outside of the U.S. are already in full-fledged bear markets.
That includes 10 of the world’s 12 largest economies, the exceptions being only
the U.S. and Canada.
In order of
the size of their economies, at the recent August lows the stock market in
China, the world’s second largest economy, was down 23% from its November peak,
Japan down 21%, Germany down 30%, France down 29%, the United Kingdom down 21%,
Brazil down 33%, Italy down 39%, India down 25%, Russia down 28%, and Spain
down 29%. The exceptions were the U.S. and Canada, which at their August lows
were down only 16% (the Dow) and 18% respectively.
The recession
and bear market are coming to the U.S. too, and may have already arrived.
You can be
sure of that because it’s been one world economically for years, and
historically global economies and stock markets tended to always move in and
out of recessions and bear markets together even before their dependence on
each other became so pronounced.
You can be
sure of it because central banks seem willing to let it play out this time as
in days of old, without intervention.
In the
financial crisis of 2007-2008, it took a massive coordinated effort by global
central banks to pull the world back from the brink of what would have been a
total global financial collapse.
But when their
economies began to slow again in 2010, without the world being on the brink of
financial Armageddon, major nations outside of the U.S. were content to let the
business cycle play out normally, arguing against the U.S. Fed’s decision to
jump in with its QE2 stimulus efforts.
Indeed, while
the Fed was making that massive monetary easing effort, central banks in Asia,
Europe, and South America were tightening monetary policies and raising
interest rates to ward off rising inflation, and to tackle the government debt
crises created by their 2008-2009 bailout efforts.
The Fed’s QE2
effort pushed a flood of additional dollars into the global financial system,
spiking the prices of commodities and paper assets like stocks, but had no
lasting effect on even the U.S. economy.
This year, as
global economies again slow significantly, central banks outside of the U.S.
again seem content, or at least resigned, to letting the business and economic
cycle play out, even though it likely means a global recession.
They refrain from
saying anything too negative that might make matters worse, but for instance,
this week the central bank of Brazil, which actually has one of the world’s
strongest and fastest growing economies (but highest rate of inflation), warned
that this downturn in global economies will not be as severe as in 2008-2009,
but will be more prolonged.
The Financial Times reported Friday that “As the Organization for
Economic Cooperation and Development’s forecasts showed on Thursday, the
near-term economic outlook for the Group of Seven is dire, yet the mood is one
of resignation. . . . Finance ministers across the G7 are searching for ways to
explain their lack of likely coordinated action.”
And even in
the U.S., the Federal Reserve has been clearly transparent about its reluctance
to intervene this time.
With the
economy far weaker than it was when the Fed intervened with QE2 last year, Fed
Chairman Bernanke continues to say the Fed has some tools it can use if
necessary, but will wait and see. In his most recent speeches he cautioned that
the Fed is limited in what it can do anyway, and called for Congress to step up
to the plate.
Thursday
evening, President Obama did call for Congress to step up to the plate and pass
his $450 billion jobs bill.
But even if
the proposal should get through the political grinder of the grid-locked
Congress, it would be too little too late by the time it could be implemented.
So prepare for
a recession and bear market.
Hopefully
investors learned from the 2000-2002 and 2007-2009 bear markets that Wall
Street’s advice to diversify into ‘defensive’ stocks won’t do it. As I’ve shown
you in previous columns, so-called defensive stocks, defensive because they pay
high dividends or have been around a long time, are dragged down just as far as
any in a bear market.
Back in ‘the
old days’ the call of successful investors in times like this was that “cash is
king”. Even receiving little to no interest income on cash was better than
experiencing a 30 to 40% loss.
These days
investors are better served. The availability of ‘inverse’ mutual funds and
‘inverse’ exchanged-traded funds, designed to move up when markets move down,
make them the new king in bear markets. Cash may be better than losses, but the
opportunities for 30% profits while others are experiencing 30% losses are even
better.
In the
interest of full disclosure, I and my subscribers have already taken
double-digit profits from positions in the ProShares Short S&P 500 etf,
symbol SH, and ProShares Short Russell 2000 etf, symbol RWM, and we’re looking
at others.’
4
Bearish Mega Trends Simon Maierhofer, September 9, 2011, ‘ In 2004, Daniel Simons of the
University of Illinois and Christopher Chabris of Harvard University conducted
an experiment that was as simple as it was fascinating.
If you want to
be part of the experiment, watch this
video before you read any further.
The
Experiment
There are two
groups of three people each. One group is wearing black shirts, the other group
white shirts. The assignment is to watch how many times the players wearing
white, pass the basketball.
If you counted
15, you are correct. But more importantly, did you notice the gorilla? While
you were counting passes, a woman dressed in a gorilla suit walked slowly
across the scene, stopped to face the camera and thumped her chest.
Half of the
people watching the video with the intent of counting passes did not see the
gorilla. The experiment illustrates the phenomenon of unintentional blindness.
This condition, also known as perceptual blindness, prevents people from
perceiving things that are in plain sight.
For most of
2010-11 Wall Street was so enamored by the magical powers of QE2 that it forgot
about the 800-pound gorilla - the economy that wasn't improving. In fact, the
economy continued deteriorating in plain sight.
There are five
bearish mega trends that may draw stock prices much lower over the coming
years. Here are the five mega trends (and what will make stocks rally in
between).
U.S.
Deficit
For a moment,
take a mental journey with me back in time. We are now in early 2008. The major
indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq (Nasdaq:
^IXIC) are slowly coming off their all-time high, but the collapse of Lehman
Brothers has not yet hit the news.
Unbeknownst to
most, the perfect financial storm is brewing. Once the storm hits, it is much
worse than anyone expected. But, the eventual damage is limited. Why? Because,
the government steps up and does what it takes to prevent the financial system
from failing.
Today has the
feel of early 2008. Another perfect storm may be brewing. Will the government
be there to do what it takes to support 'too big to fail?' No! In 2008
financial companies were in trouble. In 2011 entire countries (look at Europe
and the U.S.) are struggling to escape the grip of delinquency.
A
Decelerating Generation
Starting in
2011, more than 10,000 baby boomers a day will turn 65, a pattern that will
continue for the next 19 years. This dry humor cartoon encapsulates the problem
retirees' face today:
Two older
gentlemen are having a drink. One says: 'As a Baby Boomer, I never thought the
boom would be the sound of my retirement accounts collapsing.' He'd like to sip
on a nice Scotch while enjoying a steak, but has to settle for water and free
bread sticks at Olive Garden.
Most retirees
still haven't recovered from the lost decade. Let's make the term lost decade
more personal. A 55 year old with $100,000 in his retirement account at the
beginning of the year 2000 and a 6% projected rate of return, would have
$201,419 today.
The S&P
trades 20% below its 2000 level. Courtesy of the lost decade, that $100,000 in
the year 2000 has turned into $80,000 today (perhaps less if invested too
aggressively). In other words, many retirees may have to get by on less than
half of their expected nest egg. In addition, their home, rather than being an
asset (many considered it an ATM a few years ago), has turned into a liability.
It doesn't
take much imagination to see that strapped retirees are bad for economic
growth. When the focus is on survival rather than pleasure, sectors like
technology (NYSEArca: XLK
- News ), retail (NYSEArca: XRT - News ), and consumer discretionary
(NYSEArca: XLY - News ) suffer.
In addition,
baby boomers that have been buying stocks for decades (think of all the 401k
money) are now turning into sellers of stock.
Low
Interest Rates
Low interest
rates are great for the U.S. government because it reduces debt payments on
Treasuries and businesses wanting to expand. Unfortunately, businesses don't
feel like expanding or even hiring and for pretty much everyone else low
interest rates are negative.
Some try to
sell the idea that low interest rates are good for stocks (NYSEArca: VTI - News ) because money will flow
from low interest bonds into stocks in an effort to get a better return.
The chart
below plots the Nikkei against Japan's version of the discount rate. The
discount rate has been below 1% since 1995. At the same time the Nikkei has
dropped from above 20,000 to below 10,000. Much of this happened during a
raging global bull market. Imagine what a global bear market can do to U.S.
stocks.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif
Low interest
rates are a double negative because they reduce available spending for retirees
who need to get as much income as possible to survive.
Coming to
a Head
The above
three bearish trends were highlighted in detail in various 2011 ETF Profit
Strategy Newsletters. Due to those, and other mega trends, the Newsletter has
been expecting a major market top.
For much of
2011 however, the expectation of a major market top was postponed until the
ideal target range was reached. The April 3 ETF Profit Strategy update included
a precise range for a major market top: 'In terms of resistance levels, the
1,369 - 1,382 range is a strong candidate for a reversal of potentially
historic proportions. '
Why was
S&P 1,369 - 1,382 a candidate for a reversal of historic proportions? The
chart below, published by the ETF Profit Strategy Newsletter in March and many
times since, has the answer.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What you see
is a giant M, or head and shoulders top. The right shoulder was made up of the
parallel trend channel that connects the 2002 and 2009 low, with the 2000 high.
In April/May the upper line of the trend channel ran through 1,377. Additional
resistance was provided by Fibonacci levels at 1,389 and 1,369.
On May 2, the
S&P briefly spiked as high as 1,370.58 before retreating and eventually
dropping 18% in twelve trading days (July 25 - August 9). Once the S&P
dropped below the 200-day SMA it entered free fall territory.
The July 28
ETF Profit Strategy update warned that: 'A break below the 200-day SMA and the
trend line may trigger panic selling. One way to avoid missing out on a
potentially big opportunity is to use the 200-day SMA at 1,284 as delineation
between bullish and bearish bets - buy as long as the 200-day SMA serves as
support, sell if it becomes resistance.'
From top to
bottom (once the bottom is in), the S&P will have fallen more than 250
points. No doubt this kind of move validates a counter trend rally. When and
where will this rally start and how high will it go?
The ETF Profit Strategy Newsletter provides a detailed outlook for the
remainder of 2011 along with the target for a 2011 bottom and 2011 top. The
Newsletter doesn't promise to get every turn of the market right, but it will
identify the money-losing gorillas. Just imagine if you sold your holdings at
the target range for a major top.’
Zero
Job Growth in August Supports Recession Case ETFguide.com
Why
to Sell When Wall Street Says 'Buy' and Vice Versa ETFguide.com
S&P
1,100 And Lower - More Likely Than you Think Simon Maierhofer, On Friday
September 9, 2011, ‘ The S&P has been chopping around aimlessly for
nearly a month. Wednesday ETF Profit Strategy update explained the reason and
the outcome as follows:
'The aimless
sideways trading and lack of powerful and predominantly one-directional rally
suggests that the S&P is stuck in a mild up side correction to be followed
by new lows. Range bound trading lulls investors into a false sense of
security.'
Here are more
than a handful of reasons why new lows are likely.
Up Trend
Broken
The chart
below shows the Dow Jones Industrials (DJI: ^DJI) since the March 2009 bottom.
The DJIA weekly candle low touched the yellow trend line on different occasions
before breaking through it on August 2.
The S&P
500 (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) adhered to a similar but not as
pronounced trend line. But the S&P also had a key experience on August 2.
The August 2 ETF Profit Strategy Newsletter update observed regarding a head
and shoulders top that the: 'S&P is about to break below the neckline
around 1,249. A break below this neckline would unlock a measured target of
S&P 1,140.'
The fact that
both the DJIA and S&P 500 broke through necklines that have held for over
two years is less than encouraging.
In addition,
the S&P's May 2 high at 1,370 occurred right within the sweet spot of a
major market top. The ETF Profit Strategy Newsletter published the chart below
on various occasions throughout March, April and May and preached that S&P
1,369 - 1,382 is the ideal target range for a major market top (chart below was
featured in the April 5 ETF Profit Strategy update).
https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg
Death
Cross
The death
cross is one of the most talked about technical events, that's why I don't put
too much stock in it. However, there are two interesting facts about previous
death crosses.
The 2000 and
2007 death cross occurred about three days before the S&P embarked on its
next leg down. The 2010 death cross was actually a buy signal. However, it
occurred after the S&P and DJIA bounced off the yellow trend line (this
time the trend line was broken).
Seasonality
August,
September, and October is the most bearish stretch of the year. September and
October sport negative performance even in the pre-election year.
Sentiment
From S&P
1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points and
sentiment measured by Investors Intelligence (II) and the American Association
for Individual Investors (AAII) turned deeply bearish. The June 16 ETF Profit
Strategy update took that as a queue to buy (long positions were closed at
S&P 1,340).
From S&P
1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251 points, yet
the II sentiment poll registered the second most bullish reading since the
first week of May. AAII and II polls are often considered the 'dumb money.' If
the 'dumb money' views last Wednesday's low as a buying opportunity, the 'smart
money' should be suspicious.
VIX
Pattern
If you have
the charting capabilities, take a moment and plot the VIX (NYSEArca: VXX -
News) against the S&P for the month of September - November 2008 and April
- July 2010. If you don't have the time you may simply look at the chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What we've
seen in 2008 and 2010 is that a VIX peak did not coincide with the S&P
bottom. The S&P bottom actually occurred against a lower VIX reading. If
this pattern continues, we will see lower lows.
The August 14
ETF Profit Strategy update includes a detailed analysis of the VIX pattern,
along with the time frame and target level for an expected turn.
The
Script
Via more or
less accidental chart surfing I found a striking resemblance between the 2007
market top and the May 2011 top. This moved me to state in the July 17
Profit Strategy update that:
'There is a
similar trend line and a triple top above the trend line. A break below that
trend line could be a precursor of bad things. Next week the trend line will be
at about 1,262.'
The S&P
sliced through that trend line on August 4 and fell an additional 12% within
the next four days (this ascending trend line is now a big target and
resistance).
The August 7
Profit Strategy update revisited that script and concluded this: 'We now have a
rough script; let's see how much lip the actors will add during the live
performance (I.e. S&P downgrade).
The two main
things I have taken away from the 2007 script are:
1) There will
be a new low.
2) There will
be a powerful counter trend rally to around 1,xxx (reserved for subscribers).'
Short-term
Outlook
Wednesday's
(September 7) ETF Profit Strategy update advised aggressive investors to short
the S&P 500 as soon as it breaks below 1,173. This doesn't mean that stocks
can't go higher, but shorting the S&P against major support/resistance
(with a tight stop-loss above) is the only conservative way to assure
participation in the next leg down…’
Ominous
Bear Flag Pattern Suggests S&P 500 At 1,000 ‘Talk of a possible Greek debt default grew louder
as the day wore on Friday, with several euro zone officials commenting that
they expect a default over the weekend. Naturally, the markets didn’t respond
positively to the news. Combine that with the terror alerts in New York City
and Washington, D.C., this weekend for the 10th anniversary of 9/11, and it was
a recipe for heavy selling.
The Dow closed
off more than 300 points to finish another wildly volatile week, and based on
the action and news, we could be headed for another huge Monday morning gap
down. However, it was difficult to chase shorts at the end of the day at such
oversold levels, because if the Greek default doesn’t come to fruition and
there is no major terrorist attack, those short positions would likely be in
serious pain.
The news of a
possible Greek default, which would be a historic first-time event,
overshadowed any individual stock stories today. In isolation, the default of a
relatively small Eurozone economy would not be the “end of the world”, but with
other, larger Euro economies standing on extremely shaky ground (especially Italy),
such an event could trigger a domino effect unlike anything ever witnessed in
modern human history.
Conventional
wisdom would tell you that gold shot through the roof on a day like this, but
whispers about potential margin hikes pushed GLD to a lower open and seemed to
keep the metal at bay. Even with the market tanking, GLD had a hard time
ticking higher.
Technical
Take
If you take a
step back and look at the SPY chart on a daily and even weekly time frame, the
obvious pattern that jumps out at you is a wide, but well-defined, bear flag. Previously,
we noted the well-defined head and shoulders pattern that forecast the deep
correction.
The only
strategies that have worked, and provided limited risk, over the past month
have been buying and selling extreme moves in both directions. Large gap downs
on Monday and Tuesday had investors extremely bearish–the most bearish since
September 2007–which gave way to a steep short squeeze.
As we’ve seen
before, that low-volume bounce/short squeeze was only “transitory”, as Ben
Bernanke would put it. The oversold bounce we saw early in the week actually
turned out to be a negative event for the bulls, because it allowed the market
to work off its severely oversold condition and prime for another plunge.
After such a
harsh move lower, which began around the time of the debt ceiling debate and
S&P downgrade, it is natural for there to be some indecision in the
indices. However, nobody would have expected the range to remain as wide as it
has been. Resolution to this pattern will come at one point or another, and
based in the in-bound move, there will be a powerful secondary move (more than
likely to the downside). The lower end of the channel also lines up with the
200-week Moving Average, which will be another crucial technical level.
The measured
move could take the S&P down to the 1,000 range if a worst-case type
scenario plays out, which would involve a Greek debt default that triggered a
domino effect in Europe that could likely trigger defaults in at least a few
other PIIGS (Portugal, Ireland, Italy, Greece, Spain) nations as well.
http://blogs-images.forbes.com/greatspeculations/files/2011/09/SP-bear-flag-1024x675.png
Technically,
we are also seeing some clues that tell us that all is not well with Mr.
Market. Nearly every sector is currently mired in a bearish technical formation;
there are no rays of light. The one area of relative strength early in the
week, is starting to look ready to break down as well.
One clue we
look to first is high-beta tech. If the market is healthy under the hood, the
leading high-beta tech stocks will usually hold up well. We saw some relative
strength early in the week from the likes of Apple Inc. (AAPL), Amazon.com Inc.
(AMZN) and Baidu.com Inc. (BIDU), but none of them were able to withstand the
force of today’s drop. AAPL and BIDU in particular look to be forming wedge
continuation patterns, which generally resolve to the downside.
During the
formation of the head and shoulders pattern, for example, the Industrials (XLI)
and the Homebuilders (XHB) started to break down first, which signaled to us
that the rest of the market wasn’t far behind.
When selling
is isolated and weak sectors drag the market down, it can be considered a
buying opportunity for strong stocks. When selling is more across-the-board,
it’s a sign to get of the way.
The measured
move of the head and shoulder played out almost to a ‘T’ (as you can see on the
chart). Technical patterns aren’t always perfect, but they provide a good
roadmap. Another thing you have to understand about technical analysis too is
that it is largely a self-fulfilling prophecy. Moves in the market often play
out simply because a large group of traders and investors are reacting based on
the same set of rules.
Before the
break of the head and shoulders, you had the more
mainstream media start talking about the ‘scary’ head and shoulders top pattern ,
which got both Main St. and Wall St. bearish. Now, everyone in the industry is
talking about this ominous bear flag pattern, which is likely to make its
rounds in the more mainstream media this weekend (along with the news about
Greece).
Final
Word
While doomsday
talk is rampant right now–between a domino effect of European sovereign debt
defaults to 9/11 anniversary attacks–as traders we never trade based on
assumptions. The traders who are consistent and profitable over the long haul
are the ones who, first and foremost, limit their risk. At the end of the day
today, for example, there is enormous risk for both longs and shorts.
If Greece does
default and/or there is some sort of attack on NYC/DC, the market is sure to
open sharply lower on Monday. However, if one or both of those events do not
occur, shorts would be in for a massive squeeze. After such a harsh down day
like today, it is best to take any profits you may have generated and take a
firm seat on the sidelines.
Even if you
are not involved in the weekend trade, there will be tremendous opportunity
over the next few weeks to take advantage of this historic market volatility.
Great opportunity comes with great risk, so be sure to, more than ever, stick
to your personal trading rules and don’t make big bets you can’t afford to pay
off.’
Unprecedented
Monthly Volume Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle
Sep 12, 2011 ‘Do not concern yourself if the market goes up today, tomorrow, or
a month from now. The risk of entering is not worth the reward.
Over the
weekend I had the pleasure of speaking with a very prominent European money
manager – overseeing hundreds of billions – about the
"across-the-pond" financial lead Now is the time. Take shelter! Do
not concern yourself if the market goes up today, tomorrow or a month from now.
Clarity is key! Would you sail your boat into rocky waters with a potential
hurricane looming because of your love of sailing? Is the risk http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/jo.jpg never
seen this type of monthly volume sell-off – 47% above average
(unprecedented), as seen in the monthly chart above. As Kenny Rogers put it so
eloquently… “Know when to hold em’ and know when to fold em', know when to walk
away, know when to run!”Editor's Note: Read more at Tuttle
Asset Management .’
What's the
Long-Term Outlook for Stocks and The Economy? ETFguide Simon Maierhofer,
September 12, 2011, ‘ The stock market's summer performance has been
nothing but stunning. Seeing daily swings in excess of 4% has become as common
as American fast food in China.
Sometimes
it's helpful to step back and shift the focus from day-to-day changes to
multi-decade trends. This kind of big picture evaluation shows whether events
like this summer's meltdown are just a hiccup or confirmation of a long-term
trend (change).
MORE THAN JUST A MULTI-DECADE FLUKE
Gradual
changes are often so subtle that they are nearly invisible to the naked eye or
novice observer. But, just because a change is gradual doesn't mean it's
insignificant.
Let's
take a look at the basic make up of the U.S. economy. A few decades ago,
sweat-trenched U.S. manufacturing facilities were the most fertile,
growth-producing environment on the planet. This growth was fueled by 'Made in
America' products. The growth was organic and it was real.
The
first red box in the chart below captures this period of powerful organic
growth. It lasted from 1947 - 1966. During this period, GDP growth averaged
4.18%.
The
second red box captures a period of growth fueled by low interest and financial
engineering. During this period - from 1975 - 2000 - GDP growth averaged only
3.4%.
https://www.etfguide.com//contributor/UserFiles/8/Image/Growth%20Periods%20Yahoo.gif
(The
above chart was featured in the March 2011 ETF Profit Strategy Newsletter)
The Only Original Dow Component, Not some Hot Tech Stock
General
Electric (NYSE: GE News
Until
the late 1960s, GE was known for manufacturing quality, American-made products
like refrigerators, washing machines, stoves, light bulbs, and jet engines. GE
manufactured real products, provided real jobs, and made real profits.
Starting
in the 1980s GE changed its focus from blue collar manufacturing to white
collar alchemy. GE ventured into television and high finance. GE's focus
shifted from building quality products to financing purchases of competitor
products. Ultimately, it went from manufacturing real products to building a
financial house of cards.
In
August 2000, GE traded as high as $60.5 a share. In 2009 it was as low as $5.73
- a 90% drop. Today, it's hovering around $15. As you ponder this change in
valuation, keep in mind that GE is the only original Dow Jones Industrial
Average (DJI: ^DJI) component, not some hot today cold tomorrow tech stock.
A NEW TREND IS BORN ... AND KILLED
Financially
engineered (artificial) profits appeared to be the best new thing since sliced
bread. However, GDP growth since 2000 has dropped dramatically, now only 1.71%.
The post-2007 meltdown shows that an economy cannot be built on the financial
(NYSEArca: XLF News KBE News
It
also shows that an artificial bull market is much more receptive to huge
corrections. We've had the 2000 tech bust (NYSEArca: XLK News IYR News
If
you think financially engineered profits are bad, brace yourself for what lies
ahead. The hopes for economic prosperity (perhaps even survival) rest on
Facebook, Twitter, Groupon, LinkedIn, Netflix, and the like.
Social
networking isn't a proven business model, yet Facebook has an estimated market
cap larger than those of Boeing, Home Depot, Walt Disney, Dell, Hewlett
Packard, Costco, or even Goldman Sachs.
Hewlett-Packard
employs 325,000 people, Home Depot 300,000, Boeing 160,000. However, Facebook
cuts pay checks to only about 1,000 lucky employees. Welcome to the
future of high corporate profit margins and even higher unemployment.
Groupon
has an estimated value of $6-9 billion, but its recipe of success is to coax
businesses into providing discounts of 50 - 90%. Groupon is a classic economic
leach that benefits by sucking the profits out of its client base and teaching
its subscribers to buy only at discount prices. Welcome to a future of
shrinking small business profits.
THE STOCK MARKET AGREES
The
big picture fundamental outlook appears less than confidence inspiring. What
about the big picture technical outlook?
The
chart below (although small in size due to upload limitations) was featured in
the March ETF Profit Strategy Newsletter and provides a big picture technical
forecast. In fact, it's about as 'big picture' as it gets.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What
you see is a giant bearish M pattern, it could even be considered a head and
shoulders pattern. The neckline is formed by the 2002 and 2009 lows.
To
determine an upside price target, we drew a parallel channel that connects the
2002 and 2009 lows with the 2000 high. The April 3 ETF Profit Strategy update
said the following about this trend channel and other resistance levels:
'For
the month of April this trend line will traverse through 1,377. The 78.6%
Fibonacci retracement is at 1,381.5. There is a fairly strong Fibonacci
projection resistance at 1,369. In terms of resistance levels, the 1,369 -
1,382 range is a strong candidate for a reversal of potentially historic
proportions.'
The
S&P (SNP: ^GSPC) peaked on May 2 at 1,370.58 and has since lost as much as
269 points or 19%. The Nasdaq (Nasdaq: ^IXIC) has held up slightly better, but
no matter how you slice it, the stock market has given up more than a year's
worth of gains within a matter of weeks. The VIX (Chicago Options: ^VIX) spiked
to the highest level in over a year.
In
addition, all major U.S. indexes broke below a trend line that has provided
support on nine different occasions since the March 2009 lows.
This
doesn't prevent rallies. In fact, based on our research, we should see a
sizeable rally soon. However, odds favor that the stock market's trend has
changed from up to down…’
[video]
Trader: Waiting for Treasury Bubble to Burst at TheStreet.com
Preparing
for a Credit Crisis at Minyanville John Mauldin’ “I am sure the Euro will oblige
us to introduce a new set of economic policy instruments. It is politically
impossible to propose that now. But some day there will be a crisis and new
instruments will be created.”
“The
existence of a ‘Plan B’ underscores German concerns that Greece’s failure to
stick to budget-cutting targets threatens European efforts to tame the debt
crisis rattling the euro. German lawmakers stepped up their criticism of Greece
this week, threatening to withhold aid unless it meets the terms of its
austerity package, after an international mission to Athens suspended its
report on the country’s progress.Bloomberg )
“The Euro Should
Not Exist (Like This)
Welcome to the Hotel CaliforniaWelcome to the Hotel California
“… the only way for a country to leave the EMU in a legal manner is to
negotiate an amendment of the treaty that creates an opt-out clause. Having
negotiated the right to exit, the Member State could then, and only then,
exercise its newly granted right. While this superficially seems a viable exit
process, there are in fact some major obstacles.
Leaving abruptly would result in a lengthy bank
holiday and massive lawsuits and require the willingness to simply thumb your
nose in the face of any European court, as contracts of all sorts would have to
be voided. The Greek government would have to “conveniently” pass a law that
would require all Greek businesses to pay back euro contracts in the “new
drachma,” giving cover to their businesses, who simply could not find the euros
to repay. But then, what about business going forward?bankrupt
“The global economy is at a crossroad that demands a decision – whom
will our leaders defend? One choice is to defend bondholders – existing owners
of mismanaged banks, unserviceable peripheral European debt, and lenders who
misallocated capital by reaching for yield and fees by making mortgage loans to
anyone with a pulse. Defending bondholders will require forced austerity in
government spending of already depressed economies, continued monetary
distortions, and the use of public funds to recapitalize poor stewards of
capital. It will do nothing for job creation, foreclosure shareholder earnings here
for the rest of the article.)
You think the world’s central banks and main
institutions are not worried? They are pulling back from bank debt in Europe,
as are US money-market funds. (Note: I would check and see what your
money-market funds are holding – how much European bank debt and to whom? While
they are reportedly reducing their exposure, there is some $1.2 trillion still
in euro-area institutions that have PIIGS exposure.)
Look
at the following graph from the St. Louis Fed. It is the amount of deposits at
the US Fed from foreign official and international accounts, at rates that are
next to nothing. It is higher now than in 2008. What do they know that you
don’t?http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred1.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred2.jpg
data
“… at the start of 2011, productivity trends took a remarkable turn for
the worse – especially compared to what was initially reported. An initial
estimate that Q1 productivity grew by 1.8% was transformed to show a decline of
0.6%. A slight 0.7% rise in Q1 ULC (unit labor costs) was transformed to show a
staggering surge of 4.8%! In addition to that 4.8% rise, ULC rose a further
2.2% in Q2. But the news gets even worse Last week the BLS revised the ULC rise
in Q2 up from 2.2% to 3.3% QoQ. US non-farm business unit labor costs are now
rising by 2% yoy. That is very bad news for profits. Bad news for equities. And
because the pace of ULC is a key driver of inflation (upwards in this
instance), it is bad news for an increasingly criticized and divided Fed.”
Preparing for a Credit Crisis
I did an interview with good friends David Galland
and Doug Casey of Casey Research yesterday. They are decidedly more bearish
than I am, so wanted an “optimist” to sit on their panel. But they forced me to
admit that some of my optimism depends on the probability of US political
leaders doing the right thing. ..
Don't Trust Wall
Street and this Market ETFguide [ I couldn’t say this better myself!
Take heed! My sentiments exactly, except far worse is in store! ] September 13, 2011, ‘ The chicken is clueless about the egg's fate. Will it
hatch or become an omelet?
Wall
Street is clueless about their forecasts, will they 'hatch' or become egg on
their face? Who cares; as long as it sounds good at the time, Wall Street's
opinions are promoted by the media. Is this a haphazard approach? Judge for
yourself.
The
most recent Wall Street blunder was the over emphasis on positive earnings in
April. Here are some of the headlines Wall Street and the financial media
featured late April 2011:
Morgan
Stanley shares rise as earnings beat estimates
Stocks,
commodities rise as earnings top estimates
Leading
U.S. indicators, consumer confidence gain as fuel costs discounted
World
revs up U.S. profits
The
Global economy is improving
The
S&P breaks out
The
Dow's going to 20,000
Sales
growth the big surprise on Wall Street
Buffett
says odds of another U.S. banking crisis low
Equities
finally seeing light on the economy
Stocks
find sea of tranquility
Flawed Reasoning
The
chart below, featured in the September 2010 ETF Profit Strategy Newsletter,
reveals the flawed reasoning behind Wall Street's expectations. It plots
Earnings per Share (EPS) against GDP and U-6 unemployment numbers.
https://www.etfguide.com//contributor/UserFiles/8/Image/EPS%20Growth%20Yahoo.gif
Notice
how earnings for Q1, Q2, and Q3 2011 were supposed to reach a new all-time
high. There were at least four reasons why record high EPS estimates were not
long-term bullish:
1)
GDP was contracting, U-6 (and every other measure of unemployment) did not
signal a recovery. Every spike in EPS would be temporary and unsustainable.
2)
EPS estimates are just a projection and are about as valuable as an un-hatched
egg.
3)
The last time EPS reached an all-time high was in Q2 2007. We all know what
happened thereafter.
4)
EPS or P/E ratios can be distorted via financial trickery. Financials
(NYSEArca: XLF News KBE News
The
ETF Profit Strategy Newsletter's conclusion was simple and straight to the
point: 'Buying at current prices with the expectation of long-term gains is
almost certain to deliver despair and tears.'
Proceed With Caution
P/E
ratios or EPS aren't a short-term timing tool and didn't prevent stocks from
rallying since the above analysis was featured in the September ETF Profit
Strategy Newsletter.
Nevertheless,
a major market top was expected. The April 3 ETF Profit Strategy update put it
succinctly this way: 'In terms of resistance levels, the 1,369 - 1,382 range is
a strong candidate for a reversal of potentially historic proportions. Bullish
bets should be watched very carefully, especially once stocks move above
1,356.'
The
Summer 2011 meltdown erased all gains going back as far as December 2009. Yes,
over 18 months of gains were eliminated within a matter of weeks.
Financial Serial Offender
If
Wall Street was subject to the 'three strikes you're out' rule, there wouldn't
be any financial offices in New York. By now it's common knowledge that Wall
Street was overly optimistic in 2007 - right before the financial collapse -
and overly pessimistic at the March 2009 lows - the beginning of a 100% + rally
for the major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and
Nasdaq (Nasdaq: ^IXIC).
More
recent financial offenses include Wall Street's ill-advised fascination with
silver in late April. On April 27 the Wall Street Journal ran a front-page
article entitled 'Silver rush spreads to stock market.' The commentary read as
follows: 'The metals are increasingly considered attractive as a permanent
store of value that doesn't diminish like paper currencies.'…’
Congress
budget agency warns panel of economic ills
Nearly 1 in 6 Americans in poverty, Census says
Growth Stocks Look Pricey.
Favor Free Cash
Firms with glowing growth projections have gotten expensive.
Cisco cuts
long-term sales growth forecast
International
alarm over euro zone crisis grows
Why
Can't Wall Street Be Honest With The Public? at Forbes [ Let’s not be naďve here … If the public knew even half of
the truth, they’d be seeking to ‘hang wall street from the yardarms’, ‘drawn
and quartered they would be’, etc.. Yes, ‘hung, drawn and quartered’. If caught
while yachting on their yachts on taxpayer dime, they’d be ‘keelhauled’. There
is really no limit to the well placed, well deserved antipathy for the frauds
on wall street who should be prosecuted, jailed, fined, and disgorgement
imposed. ]
Venture
capital veteran Perkins sees danger ahead
These
Wall Street Firms are About to Start Firing People Like Crazy By Business Insider September 04 2011 ( archived file )
Same
Alan Greenspan Who Warned Against Budget Surplus Now Warns About Deficit [ Yeah! One of the many symptoms of senile
dementia, with a strong measure of incompetence to boot (greenspun has a long
history of incompetent missteps which through self-promotion, quid pro quos,
and a general ubiquity of pervasive ignorance, has gone unscrutinized and
unreported. He’s really been that bad!) ]
Mark Gongloff
ETF
Redemptions Highest Since 2008: Report ETF
Trends
Stock
Market Secret Word of the Day Is 'Delusion' at The Wall Street Journal
Paul Vigna ‘Once again, markets
are eagerly swallowing the soothing words of European leaders, just as they
have swallowed the soothing words of Chinese officials, Tim Geithner, etc.,
etc.The Dow is up
about 190 points, the S&P is up 1.8%, and the Nasdaq is up 2%, after the
Conference Call to Save the Universe ended with all sides agreeing that Greece
should never leave the eurozone and was doing what it could to get its next
bailout fix.
Peter Boockvar
at Miller Tabak is not impressed:
Bottom line, Greece
is likely going to get its next 8 billion-euro tranche in 2 weeks but
apparently Merkel, Sarkozy and Papandreou still don’t like paying attention to
the bond market, where the 1 year [note] in Greece is yielding 141.8%,
the 2 year is yielding 74.5% and the 10 year is yielding 25.7%.
This says of course
that the only lifeline the Greek government has is thru the generosity of its
neighbors as they have almost zero chance of paying back in full all that is
owed.
I mentioned Merkel
being in fantasyland yesterday and delusion is the word today that comes to
mind after seeing these Greek headlines.
One would think at
this point that Greece would want a more pronounced debt restructuring in order
to slash their debt instead of playing this game of pretend because they’re
afraid to hurt the feelings of bondholders.’
Zoellick:
World economy in new danger zone
Geithner:
Economy In “An Early Stage” Of Crisis Sep 14th, 2011 08:47 by News (RealClearPolitics) — Jim Cramer, CNBC host:
“Now let’s talk about the fact that you said the economy is weak. You put out a
jobs plan. The New York Times today basically gives its obituary. ‘Tax plan for
jobs bill.’ Familiar ring. Meaning the GOP will not back this. Is this dead on
arrival?”
Tim Geithner,
U.S. Secretary of Treasury: “Absolutely not. I think that there’s no reason now
for the Congress of the United States not to act to help strengthen growth in
the near term. It’s the conservative, prudent, responsible thing to do. You can
think of it as protection against Europe.”
Cramer:
“Okay.”
Geithner: “You
can think of it as insurance against weaker growth going forward. And you got
to think about the alternatives. If Congress or Washington is incapable of
acting, then policy will be damaging to growth because what you’ll have is a
deeper, steeper contraction in fiscal support than is prudent for an economy at this early stage of the crisis source ]
PG View
Risk
Rises at ECB as European Banks Lose Deposits Sep 14th, 2011 07:43 by News
S&P
Rally to 1,240 Before Capitulation Zacks September 14, 2011, ‘ Fear has not
gripped the market. The VIX, a good proxy for the institutional perception of
risk since it is based on the premium being paid for S&P 500 put
protection, has not made new highs since early August…’
Moody’s cuts
two French banks’ ratings Sep 14th, 2011 07:39 by News
EU warned
of credit crunch threat, French banks hit WROCLAW,Poland/PARIS (Reuters) - European finance
ministers have been warned confidentially of the danger of a renewed credit
crunch as a "systemic" crisis in euro zone sovereign debt spills...
Can the U.S.
Sidestep Contagion with Europe? ETFguide [ Short
answer: NO! ] ‘… SINKING INCOME LEVELS STILL BLIND TO RECESSION
Minyanville's
T3 Daily Recap: Market Squeeze Continues, But Was it a Trap? By T3Live.com Sep 14, 2011, ‘After a quick
rinse in the first hour of trading SPDR S&P 500 ETF SPY Risk
Flat retail
sales keeps U.S. on recession watch
Another
Absolutely Bonkers Day Mark Gongloff
‘Still spinning? Well, folks, that was the stock market. Hope you enjoyed it.
Just another quiet, totally normal day. Yep, just another day when the Dow
loses 140 points in the last 20 minutes of trading, after soaring as high as
280 for pretty much no fundamental reason.Still, you can’t complain about it
too much. All the good stuff led the market higher today. The S&P’s 1.4%
gain was paced by healthy cyclical stuff like industrials, up 1.75%, consumer
discretionary, up 1.65% and tech, up 1.6%.The Dow transports jumped
2%. The VIX gave up 6.3%.All good signs, but you can’t shake the nagging
feeling that it can’t be realistic, given how absolutely nuts the action has
been lately. The Treasury market held pretty much steady, with the 10-year note
yielding 2% just about all day.Nobody’s comfortable right now — shorts have got
to be worried, and many got squeezed today.Those of us who are long, meanwhile,
are anxiously checking whether our top has stopped spinning yet.’
Europe's
Outlook Darkens as French Banks Wobble and Austria Delays Greek Bailout at Minyanville
The Daily Market Report Sep
14th, 2011 by News If There Was Any Doubt…
Huge Surge
in Bank of America Foreclosures CNBC
David
Rosenberg: “It’s Time To Start Calling This For What It Is: A Modern Day
Depression” Zero Hedge
By now only
the cream of the naive, Kool-Aid intoxicated crop believes that the US is not
in either a deep recession, or, realistically, depression. For anyone who may
still be on the fence, here is David Rosenberg’s latest letter which will seal
any doubts for good. It will also make it clear what the fair value of the
stock market is assuming QE3 fails, which it will, and the market reverts to trading
to fair value as predicated by bond spreads. To wit: “If the Treasury market is correct in its implicit
assumption of a renewed contraction in the economy, then we could well be
talking about corporate earnings being closer to $75 in 2011 And since we are in the
throes of a deep depression and a 10x multiple is more than generous, applying
that to $75 in S&P earnings, means that the fair value of the S&P is…
From Breakfast with Rosie, of Gluskin
Sheff
We just came
off the weakest recovery on record despite the massive amounts of stimulus that
the U.S. government has delivered in so many ways. That the yield on the
10-year U.S. Treasury note is down to 2% already speaks volumes because the
last time we were at these levels was back in December 2008 when the downturn
was already 12 months old. A period like the one we have endured over the past
six months when bank shares are down 30% and the 10- year note yield is down
130 basis points has never in the past foreshadowed anything very good coming
down the pike. If market rates are at Japanese levels, or at 1930s levels, then
it’s time to start calling this for what it is: A modern day depression.
Look, that
entire period from 1929-1941 saw several quarters of huge bungee-jump style GDP
growth and countless tradable rallies in the stock market.
But that
misses the point.
The point
being that a depression, put simply, is a very long period of economic malaise
and when the economy fails to respond in any meaningful or lasting way to
government stimulus programs. A series of rolling recessions and modest
recoveries over a multi-year period of general economic stagnation as the
excesses from the prior asset and credit bubble are completely wrung out of the
system. In baseball parlance, we are in the third inning of this current debt
deleveraging ball game.
You know
you’re in a depression when interest rates go to zero and there is no revival
in credit-sensitive spending.
The economy is
in a depression when the banks are sitting on nearly $2 trillion of cash and
yet there is no lending going onto the private sector. It’s otherwise known as
a ‘liquidity trap’.
Depressions
usually are caused by a bursting of an asset bubble and a contraction in
credit, whereas plain-vanilla recessions are typically caused by inflation and
excessive manufacturing inventories. You tell me which fits the bill today.
When almost
half of the ranks of the unemployed have been looking for a job fruitlessly for
at least six months, you know you are in something much deeper than a
garden-variety recession. True, we can’t see the soup lines; the soup lines are
in the mail — 99 weeks of unemployment cheques for over 10 million jobless
Americans. Don’t be lulled into the view that we are into anything remotely
close to a normal economic cycle.
Basically, in a
depression, secular changes take place. Attitudes towards debt, discretionary
spending and homeownership are altered for many years, or at least until the
scars from the traumatic experience with defaults and delinquencies fade away.
That is why we saw existing home sales slide to 15- year lows and new home
sales to record lows despite the fact that mortgage rates have tumbled to their
lowest levels in modern history. There is no economic model that would tell you
that declining mortgage rates should lead to lower home sales.
More fundamentally, in a recession, the economy is
revived by government stimulus. In depressions, the economy is sustained by
government stimulus. There is a very big difference between these two states.
In a recession, everything would be back to a new
high nearly three years after the initial contraction in the economy. This time
around, everything from organic personal income to employment to real GDP to
home prices to corporate earnings to outstanding bank credit are still all
below, to varying degrees, the levels prevailing in December 2007.
Let’s be clear: After all the monetary, fiscal and
bailout stimulus, the economy should be roaring ahead, as would be the case if
the economy were coming out of a normal garden-variety recession. The fact that
there has been no sustained response to all these efforts by the government to
turn things around is testament to the view that this is not actually a traditional
recession at all, but something closely resembling a depression. That, my
friends, is exactly what the bond market is signaling, with Treasury yields
rapidly approaching Japanese levels. Just because the stock market embarked on
a stimulus-led speculative two-year rally, which ended abruptly in April 2011—
does not change that fact.
For all the chatter about whether the recession that
started in December 2007 ended in mid-2009, here is what you should know about
the historical record. The 1930s depression was not marked by declining
quarterly GDP data every single quarter. In fact, the technical recessionary
aspect to the initial period following the asset and credit shock goes from the
third quarter of 1929 to the first quarter of 1933.
I can understand how emotional the debate can get
over whether or not we have actually just stumbled along some post-recession
recovery path or whether or not this is actually a depression in the sense of a
downward trend in economic activity merely punctuated with noise that is
influenced by recurring rounds of government intervention. The reality is that
the Fed cut the funds rate to zero, as was the case in Japan, to little avail.
Then the Fed tripled the size of its balance sheet— again with little sustained
impetus to a broken financial system. Government deficits of nearly 10%
relative to GDP, or double what FDR ever ran during the 1930s, have obviously
fallen flat in terms of providing any lasting impact to the economy.
This is going to sound like a broken record but it
took a decade of parabolic credit growth to get the U.S.
The markets are telling us something valuable when
(after a period of unprecedented government bailouts, incursions and stimulus
programs) the yield on the 5-year note is south of 1% and the 10-year is down
to 2%. Instead of contemplating over how attractively priced equities must be
in this environment, market strategists and commentators would bring a lot more
to the table if they tried to decipher what the macro message is from this
price action in the Treasury market. Conducting stock market valuation analysis
based on unrealistic consensus earnings assumptions does nobody any good,
especially when these estimates are in the process of being cut, and at a time
when the Treasury market is telling us we are the precipice of another
recession.
If the Treasury market is correct in its implicit
assumption of a renewed contraction in the economy, then we could well be
talking about corporate earnings being closer to $75 in 2011 as opposed to the
current consensus view of over $110. In other words, we may wake up to find out
a year from now that whoever was buying the market today under an illusion of a
forward multiple of 10x was actually buying the market with a 15x multiple.
How’s that for a reality check?
This augers for capital preservation, defensive
orientation in the equity market and a focus on income-yielding securities;
something we’ve been advocating for some time.’
How
American Taxpayers Could End Up Paying for ECB Liquidity Flood at The Wall Street Journal
Company
Analysts Hop On Bandwagon Of Gloom [ Yes! This is in contradistinction to the
‘funny money’ bandwagon of irrational exuberance that has swept up nations
worldwide who have now joined the ranks of the fraudulent american manipulated
markets of ‘non-value’ asset / security pricing which will end quite badly as
always! ]
How
Greece Is Mocking the Rest of the World [ Well, let’s get real here! There’s plenty to mock in
this world, and Greece is hardly the nation to be doing the mocking. I think
it’s the markets that are mocking the rest of the world’s stupidity for buying
into this false reality / obfuscation / fraud, particularly by way of the now
pervasive worldwide acceptance of the american strategy of currency debasement
which really is a fraud facilitator because it masks to all but the intelligent
few the underlying economic weakness and decline. A simplistic example, though
not perfect, is apropos here: a company sells a product for 1 dollar which
costs 1 dollar to make (assuming arguendo to cover fixed expenses - no profit).
The fed over-printing / creating dollars like mad to the point where it now
takes 2 dollars to render the same purchasing power of 1 dollar when the goods were produced. The
company sells the products for 2 dollars (the previous equivalent of 1 dollar
before debasement). The company is now showing earnings 1 dollar per unit sold,
yet in real terms, they’ve gotten no more than the equivalent of that 1 dollar
per unit. (If you’ve been to the grocery store lately, particularly the last
1-2 months, I’ve found meats, etc., to be up 50-100%, etc.). The same
obfuscating manipulations are applicable to assets generally, and to those
pieces of paper called stocks which are even ‘worse for the wear’ since
churn-and-earn commissions at lightning computerized speed are being subtracted
from this illusory ‘enhanced value’ which in reality doesn’t exist at all. (
Such manipulations from currency translation also provide ‘arbitrage opportunities’
though similarly largely ultimately subtracted from no real value being
created. ) This is why fraudulent wall street loves the fed’s QE’s and dollar
debasement / over-printing / creating and also why it’s been a dismal failure
and a net negative in real economic terms as seen on main street and in the
desimation of the middle class and growing ranks of the poor. In the analysis
of securities, this would be considered ‘the quality of earnings factor’ that
goes into the assignment of a p/e multiple to the projected earnings. Sufficeth
to say, this is no longer done on wall street in any real or legitimate fashion
if at all. Indeed, it’s a fair statement to say that security analysis is no
longer a ‘practice’ as same was considered, once upon a time, by value
investors / analysts. As set forth by Dave and Cooper, infra, computerized
programmed manipulation at lightning speed has been expedient in the short run
for the wall street frauds but ultimately leads to the inevitable crash since
as I often reiterate: ‘ Remember, there is no modern
day alchemy that spins worthless paper into gold except fraudulently for the
frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’
for hard currency and gold, precious metals, at everyone else’s expense
including main street. They’re just not that important and represent, like
termites eating away at the nation’s foundation, a drag on the economy, the
nation as one would expect from parasites such as they are’ . What
to Expect Next From the Markets
Minyanville Jeffrey Cooper ‘Conclusion:
It looks like a program was run using the least amount of dollars to goose the
indices by focusing on some big cap names like Apple, Amazon, Baidu, IBM, and
Caterpillar, Dave’s Daily:’.. The HAL 9000s have been doing
business as HFTs (High Frequency Traders) launching many buy or sell programs
using complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’.
Simon Maierhofer, On Friday September 16, 2011, ‘ Webster's
dictionary defines gullible as naive and easily duped or cheated'.
On Thursday stocks rallied
after Germany and France gave assurance that Greece will remain a member of the
euro.
Haven't we been down this
road before? How often have there been statements assuring that Greece is fine
or will be fine? An Associated Press article stated this week that: 'Hopes were
raised by the outcome of a teleconference Wednesday between leaders of France,
Germany and Greece.'
Hope worked as propaganda
tool for President Obama three years ago, but hope is not a suitable investment
strategy. Einstein's famous definition of insanity comes to mind: Insanity is
doing the same thing over and over again and expecting different results.
Since the beginning of 2010
there have been five 10%+ sell offs. All of them, with the exception of the
March 2011 decline (Japan earthquake), were blamed on Greece. When stocks
recovered, it was credited to Greece's rigorous adherence to the demanded
austerity measures or new bailout money.
The S&P has made no net
progress since January 2010. After two years of water treading and lessons in
Greek-style financial mockery we have to ask, is Wall Street insane?
Greece's Prime Minister
George Papandreou just pledged that a reform program would be on the top of
Thursday's (yesterday) Greek cabinet meeting. To buy stocks based on a pledge
to push a concern that was initially sold as non-issue but has morphed into a
matter of survival on the top of an agenda does seem insane.
Or should we just consider
the Greeks geniuses? After all, they have figured out how to control Wall
Street. Today it only takes mythical Grecian hope for a hopefully hopeful
outcome to excite Wall Street.
A German saying may
describe Greece's situation. Loosely translated, it goes like this: Once your
reputation is ruined, you may live blatantly uninhibited.
Insane Financial Pain
The Greek saga began over
two years ago, when, on June 23, 2009, Greece's finance minister nonchalantly
disclosed that: 'The rate of growth for the Greek economy in 2009 is expected
to slow more than forecasted. Specifically, it will range around zero and only
return to growth in 2010.' The disclosed budget deficit at the time was $3.1
billion.
Growth obviously didn't
return in 2010, but the following headlines all offered hope in 2010:
ECB member says no bailouts
for Greece
Bulls run on Greece news
Debtors bet Greece won't
spill
Is Greece's crisis over?
Greece contagion fears
unfounded
IMF approved $3.3 billion
for Greece amid impressive fiscal adjustment
If Greece's adjustment was
that impressive, why are we still talking about Greece?
Small Fish in the Debt
Pond
Greece has made quite a
splash but it is just a small fish in the European debt pond. Given some more
time, we'll probably find out that bigger fish make bigger splashes. Next in
line are Portugal, Spain, Italy and France. In terms of size, this is probably
like comparing a goldfish with a tuna.
The Wall Street Journal
reported on Monday that: 'European banks are cutting back on dollar denominated
loans, a troublesome sign of credit contraction at a time when American and
European economies can least afford it.' Credit contraction is the mother of
deflation and Bernanke's most feared enemy.
The Chairman of Societe
Generale, one of France's largest banks, made it a point to state on Monday
that the bank was well funded. Nevertheless, it will be reducing its dollar
denominated debt and lay off workers. When promises conflict actions, we know
that actions speak louder than words. Laying off workers is not confidence
inspiring.
Back in February, the ETF
Profit Strategy Newsletter warned that: 'The debt problem of sovereign European
countries has or is about to turn into a debt problem of super sovereign
entities. The IMF and EU swallowing up massive amounts of debt has not
eliminated debt, it has merely re- shuffled and concentrated it.'
On July 15, I stated via
ETF Profit Strategy Newsletter: 'I know European stocks will tank eventually
but I don't know when. However, I see that the iShares MSCI EAFA ETF (NYSEArca:
EFA News EEM News EFZ News EUM News
What's Next?
Fortunately the European
Union can rely on the smarts of its many capable members. There is former IMF
chief Dominique Strauss-Kahn who'd rather force his will on an innocent Manhattan
hotel worker than enforce strict financial rules on member countries,
Luxembourg's Prime Minister Jean-Claude Juncker who openly confesses to lying
if required by circumstances and a whole slew of officials suffering from
gullibility. You should think twice before betting against the European
financial dream team.
As for me, I rely on
technicals, not on officials, their decisions or the media's interpretation of
it. The technicals I focus on are those of the S&P (SNP: ^GSPC). Not
surprisingly, European stocks have generally moved in the same direction as the
S&P.
The S&P and the SPDR
Euro STOXX 50 ETF (NYSEArca: FEZ News
Unlike the S&P, FEZ
sunk to new lows on September 12. On that day FEZ was 38% below its May 2 high.
Some more near-term damage may be to come for European stocks, but after a 38%
haircut is not the time to double up on short positions.
As far as the S&P (SNP:
^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) is concerned, new lows
are likely…’
Citi
Cuts S&P 500 Target, Too at The
Wall Street Journal
Lesson
From A Burst Bubble: Dead Men Don't Spend at Forbes ‘
What’s most
remarkable about this post-Lehman economy is that it is so un-remarkable. The
economy is contracting, and as it contracts, it squeezes jobs, incomes,
spending and prices.
We saw a note
in the press yesterday. It told us that even the wages of sin are falling. The
union that represents waiters and cocktail servers at Atlantic City casinos
says the hourly base has fallen from $8.74 to only $4.50. And tips are
tumbling. Surveys of prostitutes show their earnings are a bit limp, too.
And as people
get squeezed by the financial correction, they gasp for breath. There are now
46.2 million people in America under the poverty line, according to The Los Angeles
Times . That’s the most in 50
years.
But nothing
extraordinary about that either. This is the biggest correction in half a
century too. And you don’t have to look very far to find more confirmation.
That’s why the
10-year Treasury note yield has fallen to the lowest level since right after
WWII, and it’s why nearly half the people looking for a job have been looking
for more than six months. And it’s why a recent poll shows that 72% of
Americans think the nation is going to hell.
Now, finally,
almost everyone realizes that this is not a recession-recovery situation.
Something else is going on. The Financial Times calls it a Great Recession. Richard Koo calls it a
“Balance Sheet Recession.” And David Rosenberg says we should call it what it
really is — a “modern depression.”
But we’ll
stick with our Great Correction label. Because we think there is more going on
here than even a ‘depression’ describes. (About which…more below…).
So far,
practically everything that has happened is about what you’d expect — the
predictable, ordinary consequences of a contraction. There is nothing
remarkable about it.
But what’s
this? The Dow is back on the rise. Stock market investors don’t seem to have
gotten the message: this economy is in a contraction. They’re still pricing
stocks as if they thought the underlying businesses would grow. But companies
don’t add sales or profits in a contraction.
At least gold
investors seem to have a better idea of what is going on. They sold the yellow
metal. The price of the GLD is dropping.
And the bond
market too has its feet on the ground. The yield on the 10-year note is only
2.08%. That is a level consistent with a Japanese-style slump…
No surprises
here. But what if there were more going on than a simple financial
correction…even a correction of a 60-year credit expansion? What if the Great
Correction were greater than we thought? More ambitious, more aggressive and
more dangerous?
In the space
of the last 500 years the human population grew approximately 1000%. If it were
a financial chart, you’d look at it and think — ‘uh oh…it’s a bubble.’
What if we
were approaching a correction?
Reuters
reports that the population of Japan is falling like a stone. Some 20 million
Japanese are expected to disappear in the next 30 years.
Declining,
graying populations are not what you need for economic growth. Old people don’t
spend much. Dead people spend even less.
As a result,
the economy shrivels up like a 90-year-old. In Japan today about the only
business still growing is the funeral business. People spend $157 to rent cold
rooms, where they can store their loved ones while they await a spot at the
crematorium. No kidding. Here’s Reuters :
Annual deaths are
expected to peak at 1.66 million in 2040 as the bulk of the nation’s baby
boomer generation expires. By then, Japan’s population will have shrunk by
around 20 million people, an unprecedented die off for a nation neither at war
or blighted by famine.
Dead Men Don’t Spend Bill Bonner originally appeared in the Daily Reckoning
ETFs
have potential to become the next toxic scandal Sep 19th, 2011 News 45pc of the market is in the form of so-called
“swap-based” ETFs the provider of the ETF might sometimes be a part of
the same organisation as the derivatives desk carrying out the swap it is possible for the number of shares sold short in
an ETF to massively exceed the actual number of shares available source ]
4 'Invisible'
Forces to Seal the Market's Fate ETFguide On Monday September 19, 2011, ‘ In 2004,
Daniel Simons of the University of Illinois and Christopher Chabris of Harvard
University conducted an experiment that was as simple as it was fascinating.
If you want to
be part of the experiment, watch this
video before you read any further.
The
Experiment
There are two
groups of three people each. One group is wearing black shirts, the other group
white shirts. The assignment is to watch how many times the players wearing
white, pass the basketball.
If you counted
15, you are correct. But more importantly, did you notice the gorilla? While you
were counting passes, a woman dressed in a gorilla suit walked slowly across
the scene, stopped to face the camera and thumped her chest.
Half of the
people watching the video with the intent of counting passes did not see the
gorilla. The experiment illustrates the phenomenon of unintentional blindness.
This condition, also known as perceptual blindness, prevents people from
perceiving things that are in plain sight.
For most of
2010-11 Wall Street was so enamored by the magical powers of QE2 that it forgot
about the 800-pound gorilla - the economy that wasn't improving. In fact, the
economy continued deteriorating in plain sight.
There are five
bearish mega trends that may draw stock prices much lower over the coming
years. Here are the five mega trends (and what will make stocks rally in
between).
U.S.
Deficit
For a moment,
take a mental journey with me back in time. We are now in early 2008. The major
indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq (Nasdaq:
^IXIC) are slowly coming off their all-time high and the VIX (Chicago Options:
^VIX) is reflecting some complacency before the collapse of Lehman Brothers
hits the news.
Unbeknownst to
most, the perfect financial storm is brewing. Once the storm hits, it is much
worse than anyone expected. But, the eventual damage is limited. Why? Because,
the government steps up and does what it takes to prevent the financial system
from failing.
Today has the
feel of early 2008. Another perfect storm may be brewing. Will the government
be there to do what it takes to support 'too big to fail?' No! In 2008
financial companies were in trouble. In 2011 entire countries (look at Europe
and the U.S.) are struggling to escape the grip of delinquency.
A
Decelerating Generation
Starting in
2011, more than 10,000 baby boomers a day will turn 65, a pattern that will
continue for the next 19 years. This dry humor cartoon encapsulates the problem
retirees' face today:
Two older
gentlemen are having a drink. One says: 'As a Baby Boomer, I never thought the
boom would be the sound of my retirement accounts collapsing.' He'd like to sip
on a nice Scotch while enjoying a steak, but has to settle for water and free
bread sticks at Olive Garden.
Most retirees
still haven't recovered from the lost decade. Let's make the term lost decade
more personal. A 55 year old with $100,000 in his retirement account at the
beginning of the year 2000 and a 6% projected rate of return, would have
$201,419 today.
The S&P
trades 20% below its 2000 level. Courtesy of the lost decade, that $100,000 in
the year 2000 has turned into $80,000 today (perhaps less if invested too
aggressively). In other words, many retirees may have to get by on less than
half of their expected nest egg. In addition, their home, rather than being an
asset (many considered it an ATM a few years ago), has turned into a liability.
It doesn't
take much imagination to see that strapped retirees are bad for economic
growth. When the focus is on survival rather than pleasure, sectors like
technology (NYSEArca: XLK
- News ), retail (NYSEArca: XRT - News ), and consumer discretionary
(NYSEArca: XLY - News ) suffer.
In addition,
baby boomers that have been buying stocks for decades (think of all the 401k
money) are now turning into sellers of stock.
Low
Interest Rates
Low interest
rates are great for the U.S. government because it reduces debt payments on
Treasuries and businesses wanting to expand. Unfortunately, businesses don't
feel like expanding or even hiring and for pretty much everyone else low
interest rates are negative.
Some try to
sell the idea that low interest rates are good for stocks (NYSEArca: VTI - News ) because money will flow
from low interest bonds into stocks in an effort to get a better return.
The chart
below plots the Nikkei against Japan's version of the discount rate. The
discount rate has been below 1% since 1995. At the same time the Nikkei has
dropped from above 20,000 to below 10,000. Much of this happened during a
raging global bull market. Imagine what a global bear market can do to U.S.
stocks.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif
Low interest
rates are a double negative because they reduce available spending for retirees
who need to get as much income as possible to survive.
Coming to
a Head
The above
three bearish trends were highlighted in detail in various 2011 ETF Profit
Strategy Newsletters. Due to those, and other mega trends, the Newsletter has
been expecting a major market top.
For much of
2011 however, the expectation of a major market top was postponed until the
ideal target range was reached. The April 3 ETF Profit Strategy update included
a precise range for a major market top: 'In terms of resistance levels, the
1,369 - 1,382 range is a strong candidate for a reversal of potentially
historic proportions. '
Why was
S&P 1,369 - 1,382 a candidate for a reversal of historic proportions? The
chart below, published by the ETF Profit Strategy Newsletter in March and many
times since, has the answer.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What you see
is a giant M, or head and shoulders top. The right shoulder was made up of the
parallel trend channel that connects the 2002 and 2009 low, with the 2000 high.
In April/May the upper line of the trend channel ran through 1,377. Additional
resistance was provided by Fibonacci levels at 1,389 and 1,369.
On May 2, the
S&P briefly spiked as high as 1,370.58 before retreating and eventually
dropping 18% in twelve trading days (July 25 - August 9). Once the S&P
dropped below the 200-day SMA it entered free fall territory…’
Stock-ECRI
Disconnect Suggests More Downside at
The Wall Street Journal Oddly
Cheery Greek Pronouncements, Part Deux at
The Wall Street Journal Greek
Finance Ministry Sends Oddly Cheery E-Mail at The Wall Street Journal Apple Hits New High (Update1) Stocks cut
losses on hopes for Greece
Analysis:
Japan's lost decade still a risk for U.S. economy Behind the
poverty numbers: real lives, real pain Market Havoc and Threats to Your Pension US taxpayers could be on hook for Europe
bailout
Market
Recap: S&P Downgrades Italy, Housing Starts Tumble, Markets Wait on
Bernanke Wall St Cheat
Sheet September 20, 2011, Markets closed mixed on Wall Street today: Dow +0.07%
, S&P -0.17% , Nasdaq -0.86% , Oil +1.39% , Gold +1.65% .
On the
commodities front, Oil climbed to $86.89 a barrel. Precious metals also
climbed, with Gold rising to $1,808.30 an ounce while Silver climbed 1.95% to
$39.93 an ounce.
Hot Feature: European
Central Banks Are Hungry for Gold
Today’s
markets were mixed because:
1) Italy.
Standard & Poor’s cut
Italy’s credit rating late Monday by one level to A from A+, citing weak
economic growth and criticizing Rome’s response to the debt crisis. Italian
Prime Minister Silvio Berlusconi responded, saying that the move was influenced
by “political considerations” and media stories rather than economic reality.
Markets quickly shrugged off the news, with major indices in Italy, Germany,
and London all opening higher this morning.
2) Bernanke.
Goldman Sachs provided a preview of what investors could see tomorrow from the Federal
Reserve , saying there is a “high probability that the FOMC will announce
further easing steps at the conclusion of this week’s meeting.” Goldman went on
to say that Operation Twist looks “very likely” and that, “As a complementary
measure, we also expect that the committee will announce a cut in the interest
on excess reserves (IOER) rate to 0.1% from 0.25%, although this is a much
closer call. An IOER cut would lower market interest rates a small amount and
could aid communication.” The expectation of good news buoyed markets despite a
day full of negative or at least neutral economic data, and had the major
indices climbing high in mid-day, though they’ve since declined toward more
reasonable levels, given that the IMF announced today that it had lowered its
global economic forecast for 2011 and 2012, with growth in Europe and the U.S.
stalling.
3) Housing.
Both housing
starts and completions declined in August from already depressed numbers,
according to a monthly report by the Department of Urban Housing and
Development, in conjunction with the U.S. Census Bureau. However, building
permits increased last month, which means more projects are likely to start
within the next six months. The news had building stocks climbing higher,
including Toll Brothers , D.R. Horton , KB Home , PulteGroup , Hovnanian
Enterprises , and The Ryland Group all outperforming the major indices.
BONUS: IMF Downgrades
Global Economic Outlook ‘
30
Signs That The U.S. Economy Is About To Go Into The Toilet The Economic
Collapse | If you think the U.S. economy is bad now, just wait for a few
months.
Signs The Perfect Economic Storm Is
Coming
http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming By Michael T. Snyder : ‘ on
MarketWatch ....The insiders have vanished.
Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in
force, buying up shares in their own companies with both hands. No longer. They’ve disappeared. Almost
overnight. “They’ve
stopped buying,” says Charles Biderman, the chief executive of stock market
research firm TrimTabs, which tracks the data.
For some reason, this almost always starts happening
before a crash. So obviously this is not a good sign.
A lot of normal investors have been pulling large
amounts of money out of stocks as well. The following is from a report in
the Financial Post ....
Investors have pulled more money from U.S. equity funds since
the end of April than in the five months after the collapse of Lehman Brothers
Holdings Inc., adding to the $2.1 trillion rout in American stocks.
About $75 billion was withdrawn from funds that focus on shares
during the past four months, according to data compiled by Bloomberg from the
Investment Company Institute, a Washington-based trade group, and EPFR Global,
a research firm in Cambridge, Massachusetts. Outflows totaled $72.8 billion
from October 2008 through February 2009, following Lehman’s bankruptcy, the data
show.
Are you starting to get the picture?
Not only that, but a third very troubling sign is
that an extraordinary number of bets have been placed against the S&P 500. As
I noted the other day , if there is a stock market crash in the next few
weeks, somebody is going to make a ton of money....
We are seeing an amazing number of bets against the S&P 500
right now. According to CNN, the number of bets against the S&P 500 rose to the highest level in a
year is absolutely astounding
It doesn't take a genius to see all the dark
financial clouds that are gathering on the horizon.
And all of the bad news that is constantly coming
out of Europe is certainly not helping things. For example, yesterday
S&P slashed the credit ratings of
seven different Italian banks .
Credit downgrades have become so frequent that we
hardly even notice them anymore. Pessimism is everywhere right now. Suddenly it
seems like almost everyone is predicting that another "recession" is
coming....
According to a recent Harvard Business Review
survey, 70
percent of global business leaders believe that a global recession is
"somewhat likely" or "very likely" in the coming
months. Economist Nouriel Roubini says that we are
"already in recession ". When asked by CNBC what he thought about the
possibility of another recession, George Soros said
the following the other day : “I think we are in it
already.”..’
Portfolio
Insights by Brett Arends Sept. 21, 2011 Brett Arends , MarketWatch BOSTON
(MarketWatch) — ‘Something ominous is happening on Wall Street, but nobody has
noticed. The insiders have vanished. Chief executives. Board members. The head
honchos. The people who know. Just a few weeks ago, they were out in force,
buying up shares in their own companies with both hands. No longer. They’ve
disappeared. Almost overnight. “They’ve stopped buying,” says Charles Biderman,
the chief executive of stock market research firm TrimTabs, which tracks the
data. “Insiders aren’t buying this rally.” Insider stock purchases, which
surged above $100 million a day in the market slump last month, have now
collapsed to just $13 million a day. Meanwhile the ratio of insider sales to
purchases has skyrocketed. Today insiders are dumping $7 in stock for each $1
that (other) insiders are buying. That’s a worrying ratio. Six weeks ago the
amounts of purchases and sales were about equal. It’s the kind of news that
should give investors pause. What insiders do with their own money is one of
the stock market’s best barometers. After all, who better than company
executives know their own order books? Who knows the conditions in their
industry better? You find insiders typically buying heavily at the market lows
— they did in 1987, in 1998, and they did during the financial crisis in
2008-9. (You also typically find them cashing out big-time at the peak). ‘
MARKETS
DESTROYED AROUND THE WORLD: Here's What You Need To Know Business Insider
The Real
Reason Behind the Market's Meltdown Simon Maierhofer, On Thursday September 22, 2011,
11:01 pm
Was it just
bad timing or did the Fed cause this two-day market meltdown?
Since Bernanke
spoke yesterday the S&P (SNP: ^GSPC) lost as much as 80 points, nearly 7%.
The Dow Jones (DJI: ^DJI) shed about 700 points, the Nasdaq (Nasdaq: ^IXIC) 150
points and the financial sector (NYSEArca: XLF - News ) tumbled 7.7%. The VIX
(Chicago Options: ^VIX) soared over 25%.
No doubt the
Fed seems to have lost the touch that made QE2 a temporary 'success' (if
success is measured exclusively by stock prices).
Bad
Timing
But quite
frankly, the timing of 'Operation Twist' was just plain bad. The market's fate
was sealed even before Bernanke stepped on stage. Already back in August the
ETF Profit Strategy Newsletter highlighted seven reasons why new lows are
likely between September 6 and September 28.
In a special pre-FOMC
announcement update on Tuesday night, the Newsletter confirmed its bearish
outlook and recommended to short the S&P as soon as it breaks below 1,191.
Why 1,191? Because it was important support composed of this week's pivot,
Fibonacci support, the 20-day moving average and Monday's low.
Here are six
reasons why new lows were likely and where and why stocks will bounce.
A Major
M-Pattern (or Head-and Shoulders) Top
Since early
2011 the ETF Profit Strategy Newsletter has been expecting a major market top.
The chart below shows a bearish multi-decade M-pattern (or sloppy head-and
shoulders). The key question was were the right side of the 'M' would end.
The chart
below was featured in an April 5 update along with the following commentary:
'In terms of resistance levels, the 1,369 - 1,382 range is a strong candidate
for a reversal of potentially historic proportions.'
https://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
RSI
Divergence
There is one
striking similarity between the October/November 2008, March 2009 and
May/June/July 2010 lows. In all three cases the S&P reached an initial
price low accompanied by an RSI (relative strength indicator) low. However, a
more lasting low was not reached until the S&P recorded a new price low
against higher RSI reading.
In other words
there had to be a divergence between the S&P and RSI. The S&P and RSI
both recorded their initial low on August 9. Now we are waiting for a new
S&P low while RSI stays above its August 9 reading.
Seasonality
August,
September, and October is the most bearish stretch of the year. September and
October sport negative performance even in the pre-election year.
Sentiment
From S&P
1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points and
sentiment measured by Investors Intelligence (II) and the American Association
for Individual Investors (AAII) turned deeply bearish. The June 16 ETF Profit
Strategy update took that as a queue to buy (long positions were
closed at S&P 1,340).
From S&P
1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251 points, yet
the II sentiment poll registered the second most bullish reading since the
first week of May. AAII and II polls are often considered the 'dumb money.' If
the 'dumb money' views last Wednesday's low as a buying opportunity, the 'smart
money' should be suspicious.
VIX
Pattern
If you have
the charting capabilities, take a moment and plot the VIX (Chicago Options:
^VIX) against the S&P for the month of September - November 2008 and April
- July 2010. If you don't have the time you may simply look at the chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What What
we've seen in 2008 and 2010 is that a VIX peak did not coincide with the
S&P bottom. The S&P bottom actually occurred against a lower VIX
reading. If this pattern continues, we will see lower lows.
The August 14
ETF Profit Strategy Newsletter update includes a detailed analysis of the VIX
pattern, along with the time frame and target level for an expected turn.
The
Script
Via more or
less accidental chart surfing, I found a striking resemblance between the 2007
market top and the May 2011 top. This moved me to state in the July 17
Profit Strategy update that:
'There is a
similar trend line and a triple top above the trend line. A break below that
trend line could be a precursor of bad things. Next week the trend line will be
at about 1,262.'
The S&P
sliced through that trend line on August 4 and fell an additional 12% within
the next four days. A deeper analysis of this chart parallel also suggests new
lows.
The
Outlook
The market's
performance over the last couple of days has validated the studies above. We
are now waiting for new lows…’
Market
Recap: China Falters, Banks Exposed, and Fed Causes Market to Plummet Wall St. Cheat Sheet, September 22, 2011, Hot Feature: U.S. Home Prices Down 3.3% Today’s
markets were down because:1) Fed. Markets plummeted today following dire
remarks on the economy from the Federal
Reserve . The news of slowing growth also pushed most commodities lower,
including oil, gold, and silver, while only Treasuries moved higher as
investors sought one of the few safe havens left. The Fed’s announcement of
Operation Twist yesterday failed to instill much confidence in the economy, and
few think the measures will be enough to reverse the economic downswing over
the last few months. After all the anticipation leading up to the Fed’s
decision, investors were left with the understanding that not even the Fed has
the power to turn this thing around. 2) China. Through all the economic turmoil
that has engulfed the globe over the last few years, China has been the one
shining beacon of progress and growth. However, despite the fact that China’s
economy is still on track to grow 8.5% to 9% this year, its manufacturing
sector has been contracting for the last three months now, according to HSBC’s
manufacturing PMI. There was a lot of concern over China because heretofore
it’s been the one pocket of unstoppable strength in the global economy,” said Paul Larson , chief equity strategist at Morningstar. “If
that stops and China becomes a drag on worldwide growth, it could have big
implications here in the U.S.” News that China might not be as infallible as
once though had a host of popular Chinese stocks plummeting today, including
shares of Sohu.com , Youku.com , RenRen , Sina Corp. , and Baidu.com , which
fell nearly 11% today.3) Banks. After Moody’s downgraded some of the nation’s
top banks yesterday, investors are growing worried about the financial
industry’s exposure to the sovereign debt crisis in Europe. Not only were Bank
of America , Wells Fargo , and Citigroup continuing to slide today after
Moody’s downgraded them, citing the unlikelihood that the government will step
in should the financial sector find itself in a similar situation to that of
2008, but the entire sector fell on concerns that Moody’s was right. Barclays ,
JPMorgan , Goldman Sachs , and Morgan Stanley were all heavy drags on the
markets today. European banks were trading sharply lower for the same reason,
with France’s SocGen and Credit Agricole falling 9.5% each, while Deutsche Bank
and Credit Suisse also underperformed the markets. BONUS: Jobless
Claims Continue in the Wrong Direction ‘
Federal
Reserve's Twist of Fate Forecasts a Waterfall Into Early October at Minyanville Europe
debt crisis, dire economic reports cause Dow plunge Sep 22nd, 2011 News (HousingWire) Live
Blog: Market Meltdown at The Wall
Street Journal EU
officials expect Greece to default but stay in eurozone London Telegraph |
There is a growing consensus among EU diplomats and officials that Greece will
default while remaining inside the eurozone.Depressed
As A Nation? 80 Percent Of Americans Believe That We Are In A Recession Right
Now The Economic Collapse | According to a brand new Gallup poll, 80
percent of Americans believe that we are in a recession right now. Soros:
US Is Already in Double-Dip Recession CNBC.com | Soros said he believed the
United States was already experiencing the pain of a double dip recession.
Stocks:
Don't Get All Comfortable Just Yet at
The Wall Street Journal
Fed vs
Market - Will Selling Pressure Overpower Operation Twist? Simon
Maierhofer, September 23, 2011, The Fed just
unleashed a $400 billion package to boost the economy. To say the market didn't
react favorably would be an understatement.
The Financial
Select Sector SPDR (NYSEArca: XLF
- News ) greeted the program
with an 8% haircut. The S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq
(Nasdaq: ^IXIC) fell 4-6%. On the bright side, the yield of the 10-Year T-Note
dropped another 0.242%, from one all-time low to the next.
Will
'Operation Twist' buoy stocks or will the market overpower the Fed's
half-hearted effort? Believe it or not, but after some more suffering, I
believe the Fed will eventually reap some (temporary) credit for this stick
save (more about that in a moment).
Bernanke
Must be Surprised
In his
February 9, 2011 speech before the U.S. House of Representatives, Ben Bernanke
was quick to take credit for the results of QE2: 'Since then (the onset of
QE2), equity prices have risen significantly, volatility in the equity market
has fallen. All of these developments are what one would expect to see when
monetary policy becomes more accommodative.'
On February 9,
the S&P closed at 1,320, the VIX (Chicago Options: ^VIX) at 15.87. Today
the S&P is 13% lower while the VIX has soared a stunning 160%. Bernanke's
credibility has tumbled somewhere between 13 and 160%.
Contrary to
Bernanke's upbeat outlook, the ETF Profit Strategy Newsletter published the
following chart just a week after Bernanke's comfy cozy assessment of QE2 and
the stock market's reaction.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
The chart
shows a giant bearish head-and shoulders or M-pattern. At the time, the
Newsletter projected a market top at 1,382 - 1,385. The April 4 ETF Profit
Strategy update refined the target range: 'In terms of resistance levels, the
1,369 - 1,382 range is a strong candidate for a reversal of potentially
historic proportions.'
Sleep in
the Bed You Made
Operation
Twist - the Fed's latest concoction - became necessary because QE2 didn't
stick. Banks (NYSEArca: KBE
- News ) graciously accepted
the generous $600 billion donation, but despite the huge cash infusion, the
Banking Index today trades 22% below its November 3, 2010 prices, when
QE2 was launched.
Will
Operation Twist be More 'Successful' than QE2?
QE2 created
$600 billion out of thin air while Operation Twist merely changes the
maturities of the Fed's existing balance sheet.
Over the next
nine months the Fed will sell $400 billion worth of short-term (3 years or
less) Treasuries and use the proceeds to buy maturities ranging from 6 - 30
years. Maturing mortgage-backed securities (MBS) will be re-investing in MBS,
not in Treasuries.
If you are
wondering how this approach of transferring money from the left to the right
pant pockets makes a difference, you've already found the reason for the post
FOMC-announcement meltdown.
Wall Street
considered the proposal half-hearted and the stated goal of lowering long-term
interests unnecessary, especially considering that the yield on the 10-Year
T-Note is already at a multi-decade low.
Range
bound Trading with a Purpose
From July 21 -
August 8 the S&P lost nearly 250 points. Nevertheless, the August 8 TF made
clear that there will be another low and stated that: 'One of the conditions
for a market bottom is lower lows against improving breadth. Breadth was
horrible today and no lasting low was reached. What generally tends to happen
within a major sell off is a period of time where stocks take a breather
followed by the final leg down. This final leg sports lower prices but
improving breadth.'
Support at
1,121 held and the S&P was due for a 'breather period.' The back and forth
of the recent weeks qualifies as just that. It also shows that there's a method
behind the market's madness.
Range bound
trading lulls investors into a false sense of security and makes traders gun
shy before pulling the proverbial rug out from underneath them.
In a special
Tuesday's pre-FOMC decision update, the ETF Profit Strategy Newsletter pointed
out that the down side risk remains much bigger than the up side potential and
that the direction for XLF is down as long as it doesn't move above the 20-day
SMA at 12.70 and last week's high at 13.04.
Connoisseurs
of technical analysis will find the following chart of interest. The update
brought out that percentR (a measure of relative strength) moved above 80 for
the first time since late July. The chart below (featured in Tuesday's update)
showed what happened the last two times percentR moved above 80 - stocks
dropped.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20-%20spx%209%2020%2011.gif
The actionable
recommendation given was for aggressive investors to go short with a break below
1,191. Selling accelerated as soon as the S&P broke through the support at
1,191 and didn't stop until the S&P reached support at 1,121.
There were
seven other reasons why I expected new lows (see August 14 and 21 update for a
concise summary), one of them is seasonality. August, September, October is a
bearish time of year, even during Presidential election years…’
Are We
Japan Yet? No! But Closer!
More
Pain Is Coming To Equities
http://regator.com/p/253227580/more_pain_is_coming_to_equities By Penguin
Capital Markets: ‘Run! That's what equity markets are screaming right now, and
I have to agree. While markets have already dropped in reaction to the poor
FOMC announcement, we've only scratched the surface of what could be another
free-fall in stocks. The already significant drop in copper is a leading
indicator that the recession. Look how the metal has just recently lost all its
price momentum as of August.’
[video]
Preservation of Capital Is (and should be, since much worse to come, the
primary) Priority at TheStreet.com
Taken
to Task: ‘Free Market’ Champions Go Begging for Bailouts (Reprise) The Daily Ticker
Which brings
us to another installment of Taken to Task.
For all the
talk about how traders love the free market and believe in the principles of
unfettered capitalism, the folks on Wall Street can't seem to get enough of
government bailouts.
After Ben
Bernanke pledged to spend $400 billion on Operation Twist this week, I heard
many more complaints about how the Fed didn't do ENOUGH vs. any chatter about
how they've gone too far, are out of bullets and pushing on a string. That's so
"first-half of 2011" before the stock market turned south, that is. (See: Fed
Action Fails To Boost Animal Spirits: "Marginally Helpful," Says
Former Fed Governor)
It seems the
bold champions of free markets on Wall Street only like laissez faire capitalism when the markets are RISING.
This weekend,
traders are hoping for some plan — ANY plan — to deal with Greece, whether it
comes from the ECB, the IMF, the World Bank, Poseidon or Zeus. But nobody seems
to be wishing to just let the chips fall where they may. Haircuts for
bondholders? Write-downs for banks? Egads! The pain must be avoided at all
costs! (See: Apocalypse
Now? Markets Tumble as Europe Approaches "Tipping Point" )
Of course, a
generation of traders has been conditioned to believe the Fed — or some other
institution — will come riding to their rescue if things get really dicey, or
even just a little bit uncomfortable. So we can't blame them for taking on too
much unhedged risk and (not-so) secretly hoping for yet another bailout, can
we?
Just like
there are no atheists in foxholes, the really are no libertarians on Wall
Street. The only ideology traders believe in is making money and if that means
more government intervention, bring it on! Someday, maybe, we'll get back to
something approaching a free market. But if such a thing ever really existed,
it was a long time ago in a galaxy far, far away.’
China
Slowdown Pushes Chinese Internet Stocks and VIEs Off a Cliff Wall St. Cheat Sheet
Moody's downgrades 8 Greek banks
European
and US Economies Teetering on Weak Policy, Leadership at Minyanville
Global economy
pushed to the brink Sep 23rd, 2011 News http://www.ft.com/intl/cms/s/0/9bedaa82-e603-11e0-960c-00144feabdc0.html#axzz1YUm6X1iD ]
CME
raises margins for gold, silver, copper Sep 23rd, 2011 News
(MarketWatch) — The CME Group CME +0.00% , the parent company of the New
York Mercantile Exchange, on Friday raised margin requirements for some gold,
silver and copper futures contracts. Margins are money investors must put up to
be able to trade and hold futures contracts. Initial requirements for gold’s
benchmark contract rose 21% to $11,475 per contract, from $9,450 and
maintenance margins climbed to $8,500 from $7,000 per contract. Initial
requirements for silver’s benchmark contract rose 16% to $24,975 per contract,
from $21,600 and maintenance margins climbed to $18,500 from $16,000 per
contract.[source ]PG View
Gold
Plunges More Than $100 as Investors Sell Sep 23rd, 2011 News PG View
Dow Sinks 6.4% for Week
Sep 23rd, 2011 News source ]
G20 vows
support for the global economy Sep 23rd, 2011 News source ]
Dollar gains
driven by flight to safety Sep 23rd, 2011 News source ]PG View
Gold trades under
$1,700, loses 4% Sep 23rd, 2011 News source ]
New
York Fed re-monetized $0.930 billion in Treasury coupons in today’s QE2.5
operation. Sep 23rd, 2011 News
Morning Snapshot Sep 23rd, 2011 News
• France
business confidence falls to 99 in Sep, below market expectations, vs 105 in
Aug; production outlook tumbles to -29.
Investors
Lose Faith in Stocks LAURICELLA ‘European nations, flirting
with recession, can't agree on how to climb out from under their pile of debt.
The U.S. is careening toward a budget fight that threatens to shut down the
government. China's mammoth economy may be downshifting. And across the
financial markets, a sea change is taking place. Investors are abandoning the
time-tested "stocks for the long run" optimism that dominated since
the late 1980s. Instead, there is a widening belief that the mess left behind
by the housing bubble and financial crisis will be a morass to contend with for
years. In a historic retreat, investors world-wide ...’
Don't
Call It (Much of) A Comeback at The
Wall Street Journal
End
of Quarter Price Mark-Ups; Dave’s Daily
http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html Dave Fry
9-27-11 ‘All you need do is view the last week of June 2011, the
previous quarter end, and you'll note a similar quarter end jam-job. That week
featured little bullish news to account for that market rise. And, this week
all we have is "hope" and some elegant press releases which amount to
nothing without specific action. Most of the so-called "euro zone
fix" seems "iffy" and not clearly articulated beyond the
"we must do something" mandate. Germans are particularly obstinate
over their share of the burden. They have a parliamentary vote on the issue on
Thursday. Chancellor Merkel's coalition may be falling apart. Greeks don't like
hardly any of the sacrifices they need to make and social unrest is a given.
I'll just repeat what was noted in yesterday's commentary: "DeMark weekly
9 "buy to close short positions" littered the European equity and
U.S. bond landscape. With global equity correlations over 95% and these indicators
being reliable, we saw immediate rallies. If bulls can continue this rally
throughout the week fees for portfolio managers
Split opens
over Greek bail-out terms Sep 27th, 2011 15:37 News Athens’ funding
needs over the next three years have grown beyond the €172bn forecast this
summer source ]
PG View : Missed numbers out of Greece? Say it isn’t so. How
far beyond €172 bln are we talking here? Does any number they give have any
meaning? The funding needs when the last deal was cut back 0n 21-Jul where €109
bln , since then Greece’s needs have exploded about 60%…or more! No sane
investor would throw more money into this sinkhole of unknowns.
SHILLER:
House Prices Probably Won’t Hit Bottom For Years Sep 27th, 2011 News source ]
Roubini:
U.S. in Throes of Economic Contraction Sep 27th, 2011 News source ]
Mark Hulbert , MarketWatch CHAPEL
HILL, N.C. (MarketWatch) [ Of course Mr. Hulbert is correct in pointing out the
folly of what’s causing the meltdown. Indeed, he might even borrow from the
homespun wisdom of the mama of that stellar investigatigative reporter,
formerly of SNL fame, Rosanne Rosanna Dana, who reminds us ‘ It’s always
somethin’ ‘ . Indeed, Rosanne; it is always somethin’… just not the somethin’
that the frauds on wall street et als say it is. The fact is the markets are
grossly over-valued courtesy of a myriad of fraudulent tools; from
computer-prgrammed high-frequency trade churn-and-earn scams, to ever more
worthless funny money, to blatant misrepresentation / fudged numbers, etc.. Will
you be left holding their worthless bag of hot potatoes? Will you be their fool
… again … in this suckers’ market? ] —
‘Greece ate my homework. Not only that, if you believe the financial headlines,
Greece is responsible for almost every financial ill that has beset the
investment arena over the last 18 months. I say it’s time the headline writers
came up with a new story to “explain” what’s happening to the stock market.
Consider
last week, for example, when investors’ concern about a possible Greek default
supposedly caused the Dow Jones Industrial Average DJIA +1.33% to lose 738 points and the combined market
capitalizations of all publicly traded stocks in the U.S. to lose $865 billion.
Blaming
Greece makes even less sense when we focus on more than just the last week.
Since the stock market high this spring, for example, U.S. stocks have lost
approximately $2.5 trillion in market cap. Once again, the prime suspect is
concern over Europe’s debt situation.
Yet
the $2.5 trillion loss is more than twice the total debt (from both the
government and the monetary authorities) of Greece, Spain and Portugal combined
— the three PIIGS countries considered to be most in danger of default.
Why,
then, do so many investment commentators persist in telling the story that
Europe’s debt situation is to blame? Because it’s a convenient and easy explanation
to fall back upon, especially in the face of a market that is otherwise acting
so inscrutably.
How
many of us have the guts to say that we don’t really know why the market went
up or down? Rather than admitting that, we instead tell stories — akin to
Rudyard Kipling’s “Just So” stories, such as the one about how the leopard got
his spots.
Blaming
Greece is only the latest example of this. My perennial favorite is the
oft-used explanation that the market went up (or down) on a given day because there
were more buyers than sellers (or more sellers than buyers). This is just
intellectual laziness, of course: During any trading session there are always
the same number of buyers and sellers.
Investors
need to let Greece rest in peace. That country has enough problems of its own
without being asked to take responsibility for ours as well.’
Bernanke calls unemployment a ‘national crisis’ 28 Sep 2011 Fed
chief Ben Bernanke said Wednesday that the nation’s weak labor market was “a
national crisis” [ Duh! No-recession-wall-street-lovin’-helicopter ben’s … done
it again! … brilliant description of unfortunately what already is thanks in
large part to his wall (fraud) street largess / welfare in the form of QE’s,
etc..] Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Moneynews) ‘The Aftershock Survival Summit
It
offers realistic, step-by-step solutions that the average hard-working American
can easily follow; millions have already heeded its warnings and are rapidly
sharing the Aftershock Survival Summit To see it for yourself, simply click
here .
Aftershock Survival Summit Aftershock Survival Summit Aftershock Survival Summit See them for yourself. http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 … ‘
Aftershock Survival Summit Predicts the Unthinkable Shocking Poll Results
Prepare
for Lehman Brothers Part 2 MoneyShow.com
Sep 15, 2011 ‘Three years ago, Lehman collapsed. Now, a new Lehman-like
financial crisis is coming -- this time involving the debt of governments and
European banks.’
Arguments
for Being in the Crash Camp Conor Sen Sep
28, 2011 ‘This has been the sixth-most volatilite September since 1950. The
only years more volatile? 2002, 2001, 1974, 1998, and 2008, years which
included two major stock market bottoms (1974 and 2002), 9/11, Long Term
Capital Management
Schaeuble Says 'Will Not Spend Our Way' Out of
Crisis Schaeuble Says 'Immediate Fiscal Reforms Are of
the Essence' Schaeuble Says Increasing EFSF Would Damage Some
AAA Ratings Schaeuble Says Monetary Policy 'Not the Way' to
Solve Euro Woes
Later in the day, as the Financial Times reported,
Germany remains adamantly opposed to bailing out
the periphery. European and US macro data continues to weaken. Greek debt is pricing in default, which, if it
occurred, would be chaotic and unpredictable. Austerity in the periphery is not working. European sovereign yields continue to indicate
worsening stress. Over the past month Italy's 2-year yield has
risen from 3.36% to 4.26% and its 10-year yield has risen from 5.07% to
5.60%. Spain's 2-year yield has risen from 3.27% to
3.36% and its 10-year yield has risen from 5.00% to 5.05% Germany's 2-year yield has fallen from 0.65% to
0.53% and its 10-year yield has fallen from 2.16% to 1.96%. Contagion fears continue to increase. The VIX has risen over the past month from 35.59
to 37.71. Bank of America (BAC Goldman Sachs (GS
Nothing's fixed and we're no closer to a fix. Bad
news.
Short-Selling
Bans Extended, Stocks Fall Harder at
The Wall Street Journal
Now's
Not the Time to Take on Equity Market Exposure at Minyanville Erik Swarts Sep
28, 2011 ‘This is obvious when you consider the respective pieces that need to
come together to resolve the sovereign debt crisis, and apply technical
analysis to the charts.
[video]Buying
on Rumor - Prepare For The Selling On News TheStreet.com TV
The
Biggest Borrowers From Uncle Ben Bernanke at Forbes Bloomberg News shows just how big the outlays to some of the
world’s largest financial firms really were, including the 20 that follow and
saw their outstanding loans peak at more than $25 billion… { Read Full Story http://www.forbes.com/sites/steveschaefer/2011/08/23/morgan-stanley-leads-biggest-borrowers-from-uncle-ben-bernanke
} ‘
THE GREATEST SHOW ON EARTH September 29, 2011 http://www.etfdigest.com
http://albertpeia.com/circuswallstreet.jpg
Yes, I’ve used
this image before but it befits the past two months of frenetic two-way
trading. Thursday markets moved sharply higher early on news of better Jobless
Claims and GDP data plus the positive vote from the German parliament regarding
funding their portion of the euro zone’s EFSF (European Financial Stability
Facility).
Algos jumped
on the headlines which is what they’re programmed to do. They don’t look under
the hood for details since given their momentary focus, “facts don’t
matter”—not at least right away.
A closer look
inside Jobless Claims data is the consistent revisions for higher previous
claims. This makes current reports generally seem better by comparison.
Further, the BLS states with this report the significant impact of “seasonal
factors” skewing the report. The figures used to adjust the data typically look
for a drop in un-adjusted claims heading into the end of a quarter. For last
week however, the seasonal adjustment factors predicted unadjusted claims would
rise 0.4 percent per the Labor Department. Instead, unadjusted applications
followed the typical patterns at the end of quarters and plunged 8.2 percent,
leading to the even bigger drop in the adjusted data.
Below is an
analysis of the GDP report directly from the always reliable and probative Consumer
Metrics Institute .
The Bureau of Economic Analysis : per-capita
Not featured
by the financial media beyond Bloomberg is Thursday’s report and graph on their
Consumer Comfort Survey which shows this index as back to 2008-09 levels. This
is hardly encouraging.
http://albertpeia.com/comfort.jpg
Fed Governor
Lockhart finds current jobless conditions “perplexing and vexing” according to
this Bloomberg
story. So if I have my synonyms and meanings right he’s “embarrassed and
pissed-off” which kind of disqualifies him from such a position.
Meanwhile back
at Wall & Broad stocks as measured by the DJIA raced higher early by 260
points only to fall later by 45 points and then rally in “stick save” fashion
to close 143 points higher. This really is the “Greatest Show on Earth”! The
NASDAQ was lower by .43% led by semiconductor sectors (SMH) especially after a
poor outlook from Advanced Micro Devices (AMD), down nearly 14%. Also there is
still some lingering confusion over iPads from Apple (AAPL) versus Fire from
Amazon (AMZN). Financials were higher which helped much of the bigger names
rally although the rationale was difficult to determine.
Commodities,
including precious and base metals, oil and grains were higher overall. The
dollar was down slightly and bonds were stronger.
Volume was
modest most of the day until the large “stick save” was put in place to end the
session. Breadth per the WSJ was positive once again as quarter-end window
dressing is in full swing.
http://albertpeia.com/929-1.jpg
Major U.S. Markets (5) U.S. Market Sectors & ETFs (20) Bonds (4) Commodity & Currency ETFs (16) International & Emerging Market ETFs
(14) $NYMO (1) $NYSI (1) $VIX (1)
The craziness
continues for the clown act doing business as the Greatest Show on Earth. It’s
no wonder so many individual investors have fled markets. Between phony data
and window dressing it’s hard to stick with the long-term program. Three bear
markets in 11 years would be enough to turn anyone off. Now we’re not in a bear
market yet but we’re frightfully close.
Friday brings
the not so reliable U of Michigan Consumer Sentiment, Personal Income and
Spending and the important Chicago PMI. Friday also will allow for more
end-of-quarter window dressing.’
[video]
Trader: I'd Sell Into This Rally at
TheStreet.com
CEOs
have the Blues About Business Prospects Wall St. Cheat Sheet
Housing
Market Hasn’t Bottomed … : Mort Zuckerman - Peter Gorenstein
NO
COUNTRY FOR OLD MEN Dave’s Daily http://www.etfdigest.com
September 30, 2011 ‘It’s probably not a “market” for men or
women of any age at this point. Warren Buffett has put himself out there
recently buying stock in Bank of America (BAC) and then suggesting Friday it
might take 3-5 years for the company to clean things up. He also stated he’s
received inquiries from European banks for a financial injection which isn’t a
good sign. He’s also been highly visible averaging down buying shares in his
own Berkshire Hathaway (BRK/A) with $5 billion in purchases already this
quarter. He says he likes the president’s jobs bill although admitted to not
knowing its details which is poor due diligence. He’s also unsure of just what
Obama’s “Buffett Rule” means as it applies to incomes over $250K deflecting the
level by talking about people making $50M or more. All this struck me as
interesting and odd … So for stocks overall this is the worst performing
quarter since 2008 when we were entering a bear market. Are we due for a repeat
or is this just a continuation of the previous bear market? It gives us a sense
of a 1930s like market which featured substantial bear market rallies. For the
quarter the DJIA was down 12%, S&P 500 down 14.3% and Nasdaq Composite down
12.9%. European stocks in aggregate lost 17% …’
How to
Navigate a News-Paralyzed Market Simon
Maierhofer, September 30, 2011, ‘… Here's my
psychoanalysis of the market, which I believe is more accurate than my medical
opinion. The market has one goal, one reason for 'living.' It's to separate as
many people as possible from their money. He doesn't always win, but over the
decades he's found the most effective ways to separate most from as much money
as possible. He's got a tackle box full of baits and lures to bait and switch
unassuming investors. The market is smarter than the collective of all
investors and analysts because it knows at any given time what the collective
'Wall Street wisdom' thinks and does. If the market sees Wall Street is
bullish, it will go down and vice versa. The market will not be told by the
media what to do and laughs at assessments like the following from the media
(taken from this week):
AP on Monday:
'Stocks jump on hopes for a Europe fix'
Reuters on
Tuesday: 'Stocks pop on Europe hope'
AP on
Wednesday: 'Stocks are closing lower, ending a three-day winning streak, as
investors worry about Europe.'
Bloomberg on
Thursday: 'Stocks advance on jobless claims' (since when does the market care
about jobs anymore. Wasn't there any Greece news?) …’
Apple
in a Dangerous Position; Bears Are Watching at Minyanville
90% of
Americans say economy stinks
Protect
your investments, what to look for next week. Forbes ‘ Right now is not the time to worry about knocking
the ball out of the park. Let’s focus on preserving your assets.
Today was end of the quarter and it was not pretty. For the quarter end
we were down about -14.31% -7.21%
Don't
Let Taxes Stop You From Selling Stocks at
Forbes
Defensive
Sectors Shine During Meltdown As Kodak Fades To Black at Forbes
4
Market Signs Signaling Recession
Cyclical
Sector ETFs Say It's the Economy, Stupid at The Wall Street Journal
Japan
Puts Cheapest Ever as Traders See Banking Losses at Bloomberg
US incomes
fall for first time in nearly 2 years
Moody’s Lowers U.S. Lodging
Industry Outlook as Economy Slows
Yield
Spread Confirming Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call StreetTalk Advisors
Yield
Spread Confirming Recession Call
Recession. It is now becoming clearer, even to the
mainstream media, that the "Big 'R'" is rapidly approaching, or already upon us.
Without further stimulus from the government the economy will continue its
slide into negative growth. Unfortunately, it doesn't look like the "Calvary" will be charging to the rescue anytime
soon. Bernanke, at this point has effectively punted to the
Whitehouse for stimulative action. The Whitehouse is embroiled in
partisan politics which will keep any action from occurring until most likely
after the next election. This leaves the economy and the financial
markets to their own devices, and much like kids without parental supervision,
they are running amok.
I have been very vocal as of late
commenting on the fact that a recession is fast approaching .
The trends of the economic numbers have all soured to the negative.
From manufacturing to personal incomes to sentiment they all are signaling a
recession lay ahead. Another confirming indicator of a recessionary
track is the spread in yields between junk bonds and high quality bonds.
The chart here shows two different yield spreads. The blue
represents the difference in yields between AAA rated corporate bonds to BB
rated bonds while the red represents the spread between 10-yr government
treasuries to BB rated bonds. The dotted horizontal lines represent
when these spreads have signaled recessions in the economy.
When the economy is strong the spread between BB (Junk Bonds) and AAA
Bonds or Government treasuries is much lower as the perceived risk of default
on payment is lower. In times of economic stress or recession
the perceived risk of default or failure is much greater.
Currently, spreads at these levels are very indicative of economic stress and
recessions. The perceived risk of corporate failure is rising and spreads
are widening as money leaves high risk bonds (driving interest rates higher) and
moves to safer yielding bonds (keeping rates lower). The wider the
spread the harder it is for weak companies to access capital and corporate
failures rise.
On Friday, Lakshman Achuthan of the Economic Cycle Research Institute
reviewed the weight of ECRI's research, observing "Now it's
a done deal. We are going into a recession."
The spread in yields combined with our own research as well as that of
the ECRI, which is a very conservative organization with calls generally way
ahead of the consensus as we have repeatedly been, confirms that our views are
most likely the correct one.
While the media tends to view the economy from one report to the next
what is important is to understand the trend and the balance of the data on the
whole. Understanding the trend and balance will make you very unpopular
with the rest of the world that consistently ops for the "glass
half full" view
but will keep you from losing a lot of money in the long run.
John Hussman summed this view up well; "In
contrast, good economists think about the economy as a system - where multiple
sectors interact. We tend to use words like 'equilibrium' and 'syndrome' when
we talk about economic data - emphasizing that the best signals involve a whole
conformation of evidence, not one or two indicators, where the data - in
combination - captures a particular signature of recession or recovery.
Look at how Achuthan described the
situation on CNBC on Friday, and you'll see a good example of this sort of
thinking:
'This is a done deal. We are going
into a recession. We've been very objective about getting to this point, but
last week we announced to our clients that we're slipping into a recession.
This is the first time I'm saying it publicly. A broad range - this is not
based on any one indicator - this is based on dozens of indicators for the
United States - there is a contagion among those forward looking indicators
that we only see at the onset of a business cycle recession.. These leading
indicators, which are objective.. they have a certain pattern that they present
in front of a recession, and that is in, that is in right now.'
'A recession is a process, and I
think a lot of people don't understand that; they're looking for two negative
quarters of GDP. But it is a process where sales disappoint, so production
falls, employment falls, income falls, and then sales fall. That vicious circle
has started. You're looking at the forward drivers of that, which are different
indicators - there's not one - everything's imperfect. The Weekly Leading Index
.. that is saying unequivocally, this is recession. Long Leading Index, which
has a longer lead, is saying recession. Service sector indicators,
non-financial services where 5 out of 8 Americans work, plunging.
Manufacturing, going into contraction. Exports, collapsing. This is a deadly
combination, we are not going to escape this, and it is a new recession.'
For investors, if you believe that current analyst estimates of
forward operating earnings are correct, and you believe that the inappropriate bubble-era
benchmarks for price-to-forward operating earnings are actually valid, and
you've ignored all evidence that the Fed Model is spectacularly devoid of
validity, and you believe that the only course for valuations is to move toward
those misguided benchmarks regardless of what happens to Europe or the U.S.
economy, then it's easy to believe that stocks will head higher. For our
part, we believe none of those things..."
We agree with John on this point. These are points that we
have written extensively
on in the past . In a low growth economic environment the
persistent call for high growth rates in stock prices is dumbfounding.
History tells us that the corporate earnings, and ultimately capital
appreciation, cannot grow faster than the economy for long. Corporate
earnings, and ultimately the prices paid for those earnings, are a reflection
of the economy and not vice versa.
There is one final key point to all of this as it relates to the yield
spread. Investors face not only an oncoming recession here but also
a probable sovereign default and recession in Europe. The compounding of
these factors translates into heightened credit risk here in the U.S. (as noted
by credit spreads jumping higher recently) and corporations do not borrow
at the 10-year treasury rate. They borrow from the bond market and the
rising costs of borrowing due to rising credit risk impacts corporate
profitability. Expectations for earnings growth going into 2012 is still
extremely high with current estimates sitting at an all-time record for the
S&P 500 index next year. The reality of that occurring is
almost nil. In turn, this means that prices will have to be adjusted
for the reality of a recessionary economy which is why the average decline of
stocks during a recession is about 33%.
John Hussman
summed our current stance up very well: " Still, as
always, we're data-driven, and there are possible combinations of evidence (not
in hand at the moment) that could move us to a modestly or moderately
constructive investment stance even in the context of broader economic risks.
My impression continues to be that the best hope for a sustained advance (early
on, probably only several weeks or a few months in duration) is from
substantially lower levels, but we'll take our evidence as it comes. Suffice it
to say that we remain defensive here, but are quite willing to shift our
investment stance if the evidence supports that." Well said.’
Hold
Your Enthusiasm ... This Is Still A Bear Market Rally http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally ,
10/06/2011 By StopAlerts :
Is
a Recession Coming Next Year? –
Zacks ‘
[video]
Caution Flag On The Rally
TheStreet.com 10/06/11
“The Prevailing Debate Among Economists and Historians is
Whether the World Economy Faces the ‘Great’ Depression of the 1930s or the
‘Long’ Depression of the 1870s” Washington’s Blog | Economists Agree: We’re
In a Depression. Fitch cuts
Italy, Spain ratings; outlook negative Wall
Street vs Reality: A Hopeless Tug-of-War?
http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a
bubble? [ The short answer is, ‘YES’! The long answer is your work is quite
(closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit
market, demographic, and leading economic indicators are all
pointing to a level of between 800 and 1,000 for the S&P 500 between now
and 2012-2013. http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR
Wall
Street vs Reality: A Hopeless Tug-of-War?
http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a
bubble? [ The short answer is, ‘YES’! The long answer is your work is quite
(closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit
market, demographic, and leading economic indicators are all
pointing to a level of between 800 and 1,000 for the S&P 500 between now
and 2012-2013…’
Paulson's
Big Fund Down 47%; Sept. Proves Dicey For Hedgies at Barrons.com
‘Things are getting
truly desperate in Europe. I’d like to show just how bad they are by way of
example: the Belgian bank Dexia, which is now in the process of being
nationalized.
For starters, Dexia had
566 billion euros in debt and 19 billion euros in equity as of the end of 2010.
Right off the bat, that’s a leverage
ratio of 29 to 1. Lehman Brothers was leveraged at 30 to 1 when it collapsed.
Now consider that
Belgium’s entire GDP is just 348 billion euros. Dexia has 566 billion euros in assets Put another way,
Dexia’s loan portfolio alone is larger than its home country’s entire economy
AND THIS BANK PASSED THE
STRESS TESTS.
Suffice to say, Europe’s
banking system is in far FAR worse shape than anyone over there is admitting.
The stress tests were complete and total fiction. And the market is starting to
figure this out.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_1.png
Small wonder then that
had both the IMF and the Bank of England have recently warned that the world is
facing a “financial meltdown” and “the worst financial crisis in history.”
Ben Bernanke issued his
own statement of doom last week as well, stating that his precious recovery is
“close to faltering.” For a guy who’s spent TRILLIONS trying to create a
recovery to admit things aren’t working out ought to give you an idea of just
how bad things will be getting in the near future.
Indeed, stocks were
rejected last at a descending trendline from the July top.
We should have at least gotten a bounce to the 38.2% retracement
(1,200 on the S&P 500). So if the market fails to get there and simply
rolls over here, then we’re going DOWN in a big way FAST.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_5.png
Here is the reality of
the financial system today:
§ The European
banking system is facing systemic collapse.
§ The US economy
has rolled over and is in a confirmed double dip in the context of a larger
DE-pression.
§ The Central
Banks and regulators have admitted we are peering into the abyss and they have
no clue what to do.
Yes, I believe
that before this mess ends, the financial system as a whole will have
collapsed. What's coming is going to make 2008 look like a joke.
If you have yet to
prepare yourself for what’s coming, now is the time to do so. Whether it’s by
moving to cash and bullion, opening some shorts, or simply getting out of the
markets altogether, now is the time to be preparing for what’s coming
(remember, stocks took six months to bottom after Lehman… and that was when the
Fed still had some bullets left to combat the collapse).
And if you’re looking
for specific ideas to profit from this mess, mr Surviving a
Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of
gains and profits for any investor.
Within its nine pages I
explain precisely how the Second Round of the Crisis will unfold, where it will
hit hardest, and the best means of profiting from it (the very investments my
clients used to make triple digit returns in 2008).
Best of all, this report
is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also feature four
other reports ALL devoted to helping you protect yourself, your portfolio, and
your loved ones from the Second Round of the Great Crisis. Whether it’s my
proprietary Crash Indicator which has caught every crash in the last 25 years
or the best most profitable strategy for individual investors looking to profit
from the upcoming US Debt Default, my reports covers it.’
FINANCIAL
CRISIS
"ROUND
TWO" SURVIVAL GUIDE THIS BEAR MARKET IS NOWHERE NEAR OVER. Since its March
10 low of 666 in 2009, the S&P 500 rally has been almost unstoppable.
Pundits and media commentators alike have taken this to mean that the bear
market is over and that stocks should once again be the primary asset class for
investors. None of them knows what they’re talking about. Over the last 30
years, the US has built up record debts on a personal, state, and national level.
Consumers thought they were financially stable so long as they could cover the
interest payments on their credit cards, states created program after program
few if any of which they could afford, and the Federal Government issued $30-50
trillion in debt and liabilities (counting Social Security and Medicare). This
all came to a screeching halt when the housing bubble (arguably the biggest
debt bubble in history) imploded in 2007. Since that time, stocks have staged
one of their worst years on record (2008), one in five us mortgages has fallen
underwater (meaning the mortgage loan is worth more than the home itself), and
some trillions in US household wealth has evaporated. These issues seem to be
distinct, but in reality they all stem from a debt problem. And as you know,
there is only one legitimate way to deal with a debt problem: Pay it off.
However, instead of doing this, the Feds (the Federal Reserve, Treasury Dept,
etc.) have been producing EVEN MORE DEBT. Here’s a brief recap of their moves
thus far: • The Federal Reserve cuts interest rates from 5.25 ‐ 0.25% (Sept ’07 today) • The Bear Stearns
deal/ Fed buys $30 billion in junk mortgages (March ’08) • The Fed opens
various lending windows to investment banks (March ’08) • The SEC proposes
banning shortselling on financial stocks (July ’08) • The Treasury buys
Fannie/Freddie for $400 billion (Sept ’08) • The Fed takes over AIG for $85
billion (Sept ’08) • The Fed doles out $25 billion for the auto makers (Sept
’08) • The Feds’ $700 billion Troubled Assets Relief Program (TARP) (Oct ’08)
• The Fed
buys commercial paper (nonbank debt) from nonfinancials (Oct ’08) • The Fed
offers $540 billion to backstop money market funds (Oct ’08) • The Feds
backstops up to $280 billion of Citigroup’s liabilities (Oct ’08). • Another
$40 billion to AIG (Nov ’08) • The Fed backstops up $140 billion of Bank of
America’s liabilities (Jan ’09) • Obama’s $787 Billion Stimulus (Jan ’09) • The
Fed’s $300 billion Quantitative Easing Program (Mar ’09) • The Fed buying $1.25
trillion in agency mortgage backed securities (Mar ’09 ’10) • The Fed buying
$200 billion in agency debt (Mar ’09’10) • Cash for Clunkers I & II
(JulyAugust ’09) And that’s a BRIEF recap (I’m sure I left something out). In a
nutshell, The Feds have tried to combat a debt problem by ISSUING MORE DEBT.
They’re pumping trillions of dollars into the financial system, trying to prop
Wall Street and the stock market. They’ve managed to kick off a rally in
stocks… But they HAVE NOT ADDRESSED THE FUNDAMENTAL ISSUES PLAGUING THE
FINANCIAL MARKET. Stocks are headed for another Crash, possibly as bad as the
one we saw in October November 2008. As you know, that Crash wiped out $11
trillion in household wealth in a matter of weeks. There’s no telling the
damage this Second Round will cause. The Feds have thrown everything they’ve
got (including the kitchen sink) at the financial crisis… and things are
fundamentally no better than they were before: most major banks are insolvent,
one in five US mortgages is underwater, and the stock market is being largely
propped up by in ‐ house trading from a few key players (Goldman Sachs, UBS, etc).
Make no mistake, we are rapidly headed for ugly times in the financial markets.
The time to prepare yourself is NOW! And I’ve located several investments that
will not only protect your portfolio… they’ll also help you turn a profit when
this “house of cards” we call a market rally comes crashing down. I’ve detailed
all of them in this report, The Financial Crisis “Round Two” Survival
Guide.
Two Ways
Stocks Pay: Inflation and Dividends Before we get into the specific investment
suggestions, it’s important to take a big picture of stocks as an asset class.
The common consensus is that stocks return an average of 6% a year (at least
going back to 1900).
However, a
study by the London Business School recently revealed that when you
remove
dividends, stocks’ gains drop to a mere 1.7% a year (even lower than
the return
from longterm
Treasury
bonds over the same period). Put another way, dividends account for 70% of the
average US stock returns since 1900. When you remove dividends, stocks actually
offer LESS reward and MORE risk than bonds. If you’d invested $1 in stocks in
1900, you’d have made $582 with reinvested dividends adjusted for inflation vs.
a mere $6 from price appreciation. So as much as the CNBC crowd (and out serial
bubble blowing Fed Chairman Ben Bernanke) would like to believe that the way to
make money in stocks is buying low and selling high, the reality is that the
vast majority of gains from stocks stem from dividends. The remaining gains
have come largely from inflation. Bill King, Chief Market Strategist M.
Ramsey King Securities recently published the following chart comparing
REAL GDP (light blue), GDP when you account for inflation (dark blue), and the
Dow Jones’ performance (black) over the last 30 years. What follows is a clear
picture that since the mid-70s MOST of the perceived stock gains have come from
inflation.
Which
brings us to today. According to official data, the S&P 500 is currently
trading at a Price to Earnings (P/E) ratio of 20 and yields 1.7%. In plain
terms, stocks are expensive (historic average for P/E is 15) and paying little.
In other words, there is little incentive, other than future inflation
expectations, for owning stocks right now.
With this
in mind, now is the time to be pruning your “long” holdings. We’ve had a
spectacular run in stocks since the March 2009 low and the likelihood of this
continuing much longer is relatively slim. Running Out of Buyers By most
historic metrics, the market is showing signs of a significant top. Here are
just a few key metrics: 1) Investor sentiment is back to super bullish autumn
2007 levels. 2) Insider selling to buying ratios are back to autumn 2007 levels
(insiders are selling the farm). 3) Money market fund assets are at 2007 levels
(indicating that investors have gone “all in” with stocks). 4) Mutual fund cash
levels are at a historic low. This final point is key. Mutual funds are the
“big boys” of the investment world. If they have become fully invested in the
market, this means there are few buyers left to push stocks higher. This is
evident in the fact that every time mutual fund cash levels dropped, stocks
collapsed soon after (see chart below).
http://home.comcast.net/~RoyAshworth/Mutual_Fund_Cash_Levels/Mutual_Fund_Cash_Levels.htm
In plain
terms, the odds are high that a Top is forming in stocks. With that in mind, if
your portfolio is heavily invested in stocks, now is a time to be taking some
profits. If you can, consider moving a sizable chunk into cash. The market is
extremely tired and the systemic risks underlying the Financial Crisis are in
no way resolved. With investor complacency (as measured by the VIX) back to pre ‐ Crash levels, the Fed withdrawing several
of its more significant market props, and low participation coming from the
larger institutions, this market is ripe for a serious correction. I’m not
saying this will immediately happen. But at some point there will be a new
round to the Financial Crisis. When that happens, we WILL have another Crash.
Indeed, it is quite possible that stocks are making a VERY significant top, so
being heavily invested in stocks going forward doesn’t make much sense. Take
some money off the table. If you need a place to put it, I suggest physical
cash or Gold/ Silver bullion. If You MUST Stay Long, Shift to Quality If you DO
have to stay invested in stocks, now is the time to be shifting out of junk
into quality. The market rally from March 2009 has largely been lead by junk
companies (financials, retailers, etc). Meanwhile, quality has lagged
dramatically. As an example, let’s compare the performance of Coke (KO) to Bank
of America (BAC). KO is one of the best, most profitable brands in the world.
The competitive moat around this business is extraordinary and it remains one of
the most easily recognized franchises on the planet. You can drink six glasses
of Coke a day and still enjoy it the next day. That quality is almost nowhere
to be found in any other food/ beverage on the planet: even chocolate would get
old after six bars a day. BAC on the other hand has swallowed Countrywide
Financial AND Merrill Lynch’s garbage assets. It is effectively insolvent based
on its derivative exposure alone (the company has derivatives equal to 3,000%
of assets). BAC’s balance sheet is like an open sewer and without serious
government intervention the company would not even exist right now. And yet,
BAC’s stock has risen nearly 200% since the March ‘09 lows… while KO is up less
than 50%.
This
relationship works to the downside as well. What I mean is that when stocks
come unhinged, Quality (Coke) then outperforms Garbage (Bank of America) hands
down.
So, if you
HAVE to remain invested in stocks to the long side for whatever reason, now is
the time to be moving into high quality companies. This means finding companies
with low debt, lots of cash, strong results (KO actually GREW revenues in
2008), and significant competitive advantages. Also, and this is critical, look
for companies with strong balance sheets: companies that will still EXIST if there’s
another Crisis. Depression or no, people will still drink soda, alcohol, smoke
cigarettes, and need medicine. I’ve compiled a list of companies you should
consider if you need to remain involved in stocks going forward: Company Symbol
Sector Price/ Cash
Flow
Dividend
Yield Coke
KO Soft Drinks 15 3.2%
Budweiser
BUD Alcohol 14 N/A J&J JNJ Medicine 10 3.02% WalMart WMT General Retail 8
2.16% Exxon Mobil XOM Oil 11 2.51% You’ll note that most of these companies pay
decent dividends (compared to the S&P 500’s 1.7%). This is critical going
forward. With stocks overvalued, you want to make sure you’re at least getting
paid for remaining involved in the market. However, there is an added bonus to
owning Quality stocks right now. Because this market rally has largely been
dominated by Garbage stocks, Quality companies like Coke have not yet risen to
extreme valuations. Thus, you can still buy them at relatively cheap levels
(less than 15 times cash flow). So, in a sense, they are a good investment
based on pricing as well. I want to stress that these investments are only if
you HAVE to stay in stocks for some reason. If there is another collapse these
companies will fall like everything else. However, they will likely fall less
than the rest of the market (see the chart comparing Coke and the S&P 500
below).
source:
Yahoo Finance So while I do not expect these positions to make a lot of money
now (these are not short-term trades), they should shelter you from losing too
much money should another Crash hit. Indeed, if the market DOES collapse and
these companies fall 10- 15% across the board (while the market falls 30%+) I
would consider these investments even MORE attractive than they are today. Let
me explain. Volatility can either hurt you or be your friend. Most people would
sell a position if it fell 20-30%. This is wise if you’re investing based on
momentum. However, if
you’re
investing based on value, then doing this is completely antithetical to
attaining high returns. Consider Coke. Let’s say tomorrow Coke collapsed from
$55 to $25 per share. Most investors would panic and sell. I, on the other
hand, would be buying greedily. Why? Because Coke’s business has a fundamental
value. Even during a Financial Crisis and Depression, people will continue to
drink soda. So the opportunity to buy Coke at $25 a share (which would be 7-8
times cash flow) would be truly an extraordinary opportunity. Indeed, from an
income perspective alone, the opportunity here would be fantastic. Consider
that in 2009, Coke paid out $1.76 in dividends. With shares at $55, this means
a dividend yield of 3.2% (roughly three times what you’d get by leaving your
money in a savings account). However, if Coke shares fell to $25, that $1.76
suddenly becomes a 7% yield
($1.75/
$25.00). That’s a heck of a return from an income perspective. Even if
globally
the world entered a sharp Depression and Coke’s income fell by 30%,
pulling its
payouts down to $1.23, you’re still looking at a 5% yield. Indeed, companies
like Coke offer the potential of REAL value should their share prices drop.
Their fundamentals almost ALWAYS outperform investor sentiment. What I mean by
this is that should there be another Collapse, Coke’s share price will almost
certainly fall MORE from its current levels than Coke’s cash payouts or income
will from theirs. During 2008, Coke shares fell 30% or so. However, Coke
actually INCREASED its dividend that year. Anyone who bought Coke in October
2008, now collects a 4% yield on their shares (four times what he or she would
get from a bank account). This is why companies like Coke remain so strong
during times of Crisis. With the FDIC broke and most US banks insolvent,
investors desperately need a place to park cash that will still EXIST in a few
years. Companies like Coke are a reasonable alternative to a savings account in
the sense that you’re paid a higher yield for your deposit (now 3%, but 5% or
higher if Coke shares plunge). Of course, because Coke is a stock, you can lose
1015%
or more if
shares drop and you sell. In a Crisis, plain old cash will outperform just
about anything.
This is why
I’ve suggested moving money to cash, if you can. It’s also why I
suggested
buying Coke and the other companies listed above only IF you HAVE
to be in
stocks right now.
Catastrophe
Insurance: Trades For When the Collapse Hits
Now is also
the time to be taking out some “Catastrophe Insurance” by compiling a list of
trades to make once stocks begin to collapse. Let me be clear, these are not
trades that
you’ll make right now… these are trades you’ll make WHEN stocks
collapse.
Personally,
I favor UltraShort ETFs. If you’re unfamiliar with UltraShort ETFs, these are
invetsments that return 2X the inverse of a particular ETF. Let’s take an
example, the UltraShort Financials ETF (SKF). SKF returns 2X the inverse of the
Financials ETF (IYF). So if IYF falls 5%, SKF rises 10%. If IYF falls 10%, SKF
rises 20%. In this sense, SKF is a great “hedge” or means of playing Financial
stocks to the downside. However, there’s an added bonus to UltraShort ETFs like
SKF: these investments ALSO trade based on demand from the marketplace. So if
stocks collapse say 30%, you might actually see gains GREATER than 60% (2X the
inverse) due to investors piling in as they seek to profit from the collapse.
Consider SKF’s performance in 2008, for example. In 2008, financial stocks (as
measured by the Financials ETF: IYF), fell roughly 50%.
However, if
you’d bought SKF once the Crisis really took hold (late September), you could
have made MORE than 100% in two month’s time:
This is what
makes the UltraShort ETFs so handy when a Crisis hits: because they truly
skyrocket as investors stampede like elephants into safety. However, I MUST
STRESS that these are not investments to “buy and hold”.
Instead,
these are shortterm
trades you
should make ONLY once stocks have
begun to
truly collapse. Simply add them to your “on deck” trades to make
once the
next Crisis hits. You’re probably asking yourself, “how can I distinguish
between an ordinary
correction
and a REAL Crisis?” Let’s see what history shows us. If you recall from 2008, stocks
didn’t go straight down. Instead they dropped, bounced, and then began the
serious collapse. Looking back at that time, the 50 DMA served as a useful
metric for gauging that a serious decline was about to begin:
As you can
see stocks rolled over and broke below their 50DMA in late 2007. After that,
the 50DMA acted as strong resistance. Indeed, there was only one bounce above
this level, which lasted roughly a month and a half. The real trouble began in
the summer of 2008, and investors were given a decent warning when the S&P
500 collapsed and then bounced to test the 50 ‐ DMA and failed to break it.
Similar
warnings appeared before the 1987 Crash:
The Tech
Bubble:
And the
2008 Crash:
Thus, this
tells us that the 50DMA is a strong metric for gauging when real trouble hits
stocks again. On that note, the trigger you should be looking for in terms of
when the
next Crash will hit will be a decisive break BELOW the 50DMA
followed by
a strong bounce that FAILS to break above it again. With that in mind, here are
some trades to put “on deck” for when the next round of the Crisis hits. Trade
#1: Short the Russell 2000
The Russell
2000 is perhaps the junkiest index in the US. Many of the companies that
comprise
this index don’t even MAKE money and most likely should have never been
taken
public in the first place. This is the “risk” index, the index of companies
that are
garbage.
For that reason, the Russell 2000 will collapse most when stocks truly begin
rolling
over.
The below
chart compares the Russell 2000’s performance against that of the Dow Jones
Industrial
Average during the 2008 Crash. As you can see, the Russell dropped
significantly
more:
For this
reason, I suggest buying the UltraShort Russell 2000 ETF (TWM) when the
market
begins its next real collapse.
The
UltraShort Russell 2000 ETF (TWM) returns 2X the inverse of the Russell 2000.
So if the
Russell 2000 falls 5%, TWM returns 10%. If the Russell 2000 falls 10%, TWM
returns
20%. It’s a terrific means of playing the collapse in small cap stocks.
Again, wait
for stocks to enter a free fall before opening this trade.
Trade #2:
Short Financials
By now you
know that the current Crisis has centered on the financial sector, specifically
the banks.
The Protect Your Savings report details the issues extensively. However,
as
further
proof, the below chart shows that US banks are about to get slammed with
another
round of
mortgage defaults from the residential housing sector (I’m not even going to
bother
including the commercial real estate market which is a multi-billion time bomb
in
of itself).
Suffice to
say, Financials have a lot of issues coming their way in the future. For that
reason,
when the next Round of the Crisis hits, I suggest buying the UltraShort
Financials
ETF (SKF).
SKF returns
2X the inverse of the Financials ETF (IYF). So if the IYF falls 5%, SKF
returns
10%. If the IYF falls 10%, SKF returns 20%. It’s a terrific means of playing
the
collapse in
financials stocks.
Again, wait
for stocks to enter a free fall before opening this trade.
Trade #3:
Short the Retail ETF
The US
consumer accounts for 70% of US GDP. Real unemployment is currently close to
17%. Food Stamp usage is around a record 38 million. Tax receipts for 2010 so
far are LOWER than 2009’s levels (didn’t everyone think the entire world was
ending back then?). And yet, retail stocks are back to their 2007 highs:
As you can
see, retail stocks in general are up nearly 200% during the worst recession in
decades. It’s simply staggering. For that reason, I suggest Shorting the
Retail ETF
(XRT) when stocks start to collapse. XRT gives broad exposure to the retail
sector. Its top holdings are: Company % of Assets Casey General Stores 1.9%
Gamestop 1.9% Jos A Bank Clothiers 1.8% Netflix 1.8% Tractor Supply 1.7%
Annetaylor Stores 1.7% Limited Brands 1.7% Childrens PI Retail Stores 1.7% Best
Buy 1.6% Abercrombie and Fitch 1.6% Shorting this ETF gives you the opportunity
to short retail across the board. However, if you’re more inclined to short
specific companies, I’d focus on apparel and clothing retailers like Gap (GPS),
Limited Brands (LTD), Nordstrom (JWN), and the like. As with the other trades,
only enter these shorts when the market begins to enter a free fall.
Trade #4:
Short the Emerging Markets Emerging markets have leaded the US on this latest
rally: they bottomed back in November 2008, while US stocks continued to plunge
until March 2009. That’s not the only “leading” emerging markets have done.
While the S&P 500 is up some 60% from its March lows, China, Brazil and
their kind have all more than DOUBLED from the November 2008 lows.
This
relationship will reverse in the next Crisis.
During
times of Crisis, the “flight to safety” involves institutional investors
dumping
their
foreign shares to load up on Treasuries or other perceived “safe havens.”
Consequently,
emerging markets are hit hardest when the markets collapse.
For that
reason, when the next collapse begins I suggest shorting emerging markets via
any number
of inverse Ultrashort ETFs. The most popular ones are:
1) The
UltraShort Emerging markets ETF (EEV)
2) The
UltraShort China ETF (FXP)
3) The
UltraShort Brazil ETF (BZQ)
All three
of these return 2X the inverse of an underlying index: the MSCI Emerging
Markets
ETF, the FTSE/ Xinhua 25 ETF, and the Brazil ETF, respectively. As such, they
represent a
great way to pocket major gains when the emerging markets collapse along
with the
rest of the financial world during the next Crisis.
As with the
other trades, only enter these shorts when the market begins to enter a free
fall. here .
Good
Investing!
Graham
Summers
Chief
Market Strategist
Phoenix
Capital Research
Think
Tank Says Bailout Fund Will Need $6 Trillion And France Will Lose AAA Rating
Daily Bail | Where do they plan to get the money, Euro Claus?
We Are Still Early In This
Bear Phase http://www.bullseyemicrocaps.com/?p=10478
By Roger Nusbaum : ‘Hussmanesque .
I tend to think of this in terms of probabilities and whether or not the market
gets the benefit of the doubt at a given moment. A contributing factor here is
duration. Earlier in the week I saw a stat about bear markets lasting four
hundred and something days and we were only 150 days in (by some measure). The
exact numbers cited don’t matter to me so much as the general understanding
that bear markets last well over a year on average and we are only a few months
in…’
Stocks
Surge On New Promises From European Leaders, Dow Adds 300 Points [ Come on! Wake up! Two desperate, failed
politicians who haven’t the slightest idea what they’re doing; certainly in the
areas of finance and economics. Indeed, they’ve borrowed from a page in the
fraudulent wall street / defacto bankrupt american book of failure and fraud in
banging ‘square pegs in round holes’ along with nation-draining fraudulent
obfuscation with b***s*** alone that hearkens back to that ’Weimar dollar’ era
that was precursor to and inevitably led to the inflationary / no real value
collapse now underway as is already the scenario in america. How totally
desperate and pathetic they are. This is cheered by the wall street types /
frauds to enable them to favorably cash
out. Take your profits while you still can, protect yourself while you still
can, this fraud – induced collapse is just beginning. New ‘promises’!
Currency-debased high inflation rally!
What a joke they’ve become! ]
Bulls
Prevent Bear Market This Week: Dave's Daily at TheStreet [Sorry Dave … this is already a secular bear market
with sporadic, contrived, HFT / programmed contraindicated suckers’ bear market
rallies that you yourself have previously pointed out, alluded to. Who talked
to you Dave, which by the way brought you ‘back into the fold’ at least at
Yahoo, etc., with your atypically inaccurate headline.]
Steve
Jobs and America’s decline — Greg Ip in the Economist The impact of
phony short-squeeze rallies — Ritholtz
Don’t mock the
99% — Megan McArdle
Did LSD help
make Steve Jobs more creative? — Slate
Alex P.
Keaton, an alternative history — Josh Brown
Steve Jobs and America’s decline — Greg Ip in the Economist
Oct 6th 2011, G.I. | WASHINGTON [ That Steve Jobs was great for having
literally saved Apple Computer from extinction, there is no question and I’ve
previously eulogized him accordingly, ‘pre-death’ (my first computer was an
AppleIIc in 1986). Related story: ‘Did LSD help make Steve Jobs more creative?
— Slate ’ Yet, for
every story as his, the Beatles (my favorite band all-time, along with the
Classical Greats), etc., I can relate a multitude of stories of tragedy,
disaster, including one of a quite brilliant lad I worked with – summer job –
who expounded on the benefits of LSD expanding one’s mind {repeatedly
recommending I try it – I didn’t- never did} was accepted at Columbia Law
School, and while hitchhiking while high in mind-expansion-mode walked into a
mack truck thereby expanding his mind (and body) all over the roadway,
etc..] ‘EARLIER this year a Federal
Reserve official tried to tamp down worries about inflation by noting that, while
food and petrol were getting more expensive, you could now buy an iPad that was
twice as powerful for the same price as the previous model. The remark, soon
lampooned as “Let them eat iPads”, predictably drew derision. But it typified a
tactic to which American leaders frequently turn when they need a rejoinder to
economic doomsaying: cite an Apple product.As bad as their politics has got,
Americans could always comfort themselves with the knowledge that their
business leaders, entrepreneurs and workers were the most dynamic and
innovative in the world. But they may look back on 2011 and see three events
that undermine that story: the downgrade of America’s credit rating; the last
flight of the space shuttle; and Mr Jobs’s death. The first, coming as it did
on the heels of a debilitating and entirely pointless fight over raising the
debt ceiling, captures how American political dysfunction has undermined the
economy’s institutional pillars. The latter two symbolised the waning of,
respectively, American public and private technological pre-eminence.
Of course, it would be foolish to count out Apple,
much less an entire economy, because of one man’s death. Yet even if Apple
remains as successful as it has been under Mr Jobs, that success long ago
decoupled from that of the broader economy. Written on the back of my iPod are
the words, “Designed by Apple in California, Assembled in China.” It was
classic Jobs: reframing an issue, the outsourcing of American manufacturing
jobs, as something inspirational rather than discouraging. The low-skill assembly
jobs and the middle-class lives they provided may be leaving for Asian shores,
but the brainy, wealth-creating parts of the process—the design, the
engineering, the marketing—were firmly rooted in Silicon Valley. Free traders
(including me) loved to cite the research that finds far more of the value in
an iPod is added in America than in China.
But behind this glowing story of synergy between
American brains and Chinese brawn lay a more disturbing reality. American
global economic leadership has, in the last decade, benefited an ever narrower
slice of its people. They have become fabulously wealthy, while the vast
majority of job growth has been in areas like education and health care, where
productivity and wages are stagnant, a trend well documented by
Michael Spence . American global business leadership used to be personified
by the likes of General Motors, Caterpillar, General Electric and Eastman
Kodak. As they lost market share to foreign competitors, shifted employment
overseas or flirted with bankruptcy, the focus turned to technology companies
like Cisco Systems, Microsoft and Hewlett Packard. Microsoft and Cisco are both
fine, though in recent years they have undergone layoffs and seen their market
values shrink to a fraction of their bubble-era peaks. Hewlett Packard, of
course, is flailing around for a new business model, and is seeking to exit the
personal-computer business altogether.
Americans' entrepreneurial self-esteem is now
embodied by Apple, Google, Facebook and Amazon. These are indeed fabulously
innovative companies with world-beating business models. Yet one wonders if
they are increasingly the exception, not the rule, and if the passing of Mr
Jobs is simply the most prominent example of a broader decline in American
entrepreneurship. According to JPMorgan, in the late 1990s, employment at
start-up companies regularly grew 1.2m per quarter. That has fallen to 700,000
since the current recovery began. John
Haltiwanger , probably the leading economist on employment dynamics by firm
size, finds similar trends.
Entrepreneurship and innovation, of course, are not
the same thing. Yet even if American innovation is fundamentally sound, there
remains the more unsettling problem of how narrowly its fruits are shared. If
you want to know why the Senate is on the verge of passing a bill punishing
China for its trade practices, look no further than this fact: Apple, Google,
Facebook and Amazon collectively employ just 113,000 people, a third of GM’s
payroll in 1980. Naturally, as Adam Smith pointed out long ago, the sole
purpose of production is consumption, so one should not scoff at the benefits
these companies create for Americans in their other role as consumers rather
than workers. And in truth, technological advancement has probably done far
more than trade to hollow out the middle class and widen inequality. Slapping
China with punitive tariffs is more likely to trigger a trade war than restore
millions of middle-class jobs.
But this is not a message that resonates with voters,
or Congress. Both suspect that globalisation has done far more to benefit
companies’ shareholders and their bankers than rank-and-file workers. That is
the conviction of the people now occupying Wall Street, even if they lack coherent
plans for dealing with it. And one can't blame them for suspecting the
administration’s motives when its ambassador to China delivers a speech that
so prominently takes up the cause of American credit-card companies. Of course,
Visa and Mastercard are as deserving of government support in foreign markets
as any metal-bending company; but they only employ 12,600 people worldwide.
It would be unfair to lay this all at the feet of
American politicians: widening inequality and the decline of middle-class
manufacturing jobs is a global phenomenon that vexes governments everywhere.
Yet this does not excuse American governance for making matters worse. There
are lots of things it could do to improve the ability of and incentives for
American companies and workers to innovate and grow, whether it’s taxing fossil
fuels, giving more green cards to foreign scientists and engineers or
simplifying the tax code. These days, however, that seems a fantasy compared to
more prosaic demands such as, don’t shut down the government, starve critical
government agencies of funds or default on the national debt. If America is
going to hold on to its technological mojo, it needs all the help it can get.’
>
9 things
you didn’t know about the life of Steve Jobs ‘For all of
his years in the spotlight at the helm of Apple , Steve Jobs in many ways
remains an inscrutable figure — even in his death. Fiercely private, Jobs
concealed most specifics about his personal life, from his curious family life
to the details of his battle with pancreatic cancer — a disease that ultimately
claimed him
on Wednesday , at the age of 56.
While the CEO
and co-founder of Apple steered most interviews away from the public
fascination with his private life, there's plenty we know about Jobs the
person, beyond the Mac and the iPhone. If anything, the obscure details of his
interior life paint a subtler, more nuanced portrait of how one of the finest
technology minds of our time grew into the dynamo that we remember him as
today .
1. Early
life and childhood
Later in life,
Jobs discovered the identities of his estranged parents. His birth mother,
Joanne Simpson, was a graduate student at the time and later a speech
pathologist; his biological father, Abdulfattah
John Jandali , was a Syrian Muslim who left the country at age 18 and
reportedly now serves as the vice president of a Reno, Nevada casino. While
Jobs reconnected with Simpson in later years, he and his biological father remained
estranged .
2. College dropout
In his famous 2005
commencement speech to Stanford University, Jobs said of his time at Reed:
"It wasn't all romantic. I didn't have a dorm room, so I slept on the
floor in friends' rooms, I returned coke bottles for the 5 cent deposits to buy
food with, and I would walk the seven miles across town every Sunday night to
get one good meal a week at the Hare Krishna temple."
3. Fibbed to his Apple co-founder about a job at Atari tapped
by Atari to work on the Pong -like game Breakout .
He was
reportedly offered $750 for his development work, with the possibility of an
extra $100 for each chip eliminated from the game's final design. Jobs
recruited Steve Wozniak (later one of Apple's other founders) to help him with
the challenge. Wozniak managed to whittle the prototype's design down so much
that Atari paid out a $5,000 bonus — but Jobs kept the bonus for himself, and
paid his unsuspecting friend only $375, according to Wozniak's own autobiography .
4. The wife
he leaves behind
For all of his
single-minded dedication to the company he built from the ground up, Jobs
actually skipped
a meeting to take Laurene on their first date: "I was in the parking lot
with the key in the car, and I thought to myself, 'If this is my last night on
earth, would I rather spend it at a business meeting or with this woman?' I ran
across the parking lot, asked her if she'd have dinner with me. She said yes,
we walked into town and we've been together ever since."
In 1991, Jobs
and Powell were married in the Ahwahnee Hotel at Yosemite National Park, and
the marriage was officiated by Kobin Chino, a Zen Buddhist monk.
5. His
sister is a famous author Anywhere But Here — a story about a mother and daughter that was later
adapted into a film starring Natalie Portman and Susan Sarandon.
After reuniting, Jobs and Simpson developed a close relationship. Of his
sister, he told a New York Times Anywhere But
Here is dedicated to
"my brother Steve."
6. Celebrity romances The Second Coming of Steve Jobs , an unauthorized biography, a friend from Reed
reveals that Jobs had a brief fling with folk singer Joan Baez. Baez confirmed
the the two were close "briefly," though her romantic connection with
Bob Dylan is much better known (Dylan was the Apple icon's favorite musician).
The biography also notes that Jobs went out with actress Diane Keaton briefly.
7. His
first daughter denied
paternity for some time, going as far as stating that he was sterile in
court documents. He went on to father three more children with Laurene Powell.
After later mending their relationship, Jobs paid for his first daughter's
education at Harvard. She graduated in 2000 and now works as a magazine writer.
8.
Alternative lifestyle
The connection
has enough weight that Albert Hofmann, the Swiss scientist who first
synthesized (and took) LSD, appealed to Jobs for funding for research about the
drug's therapeutic use.
In a book
interview , Jobs called his experience with the drug "one of the two or
three most important things I have done in my life." As Jobs himself has
suggested, LSD may have contributed to the "think different" approach
that still puts Apple's designs a head above the competition.
Jobs will
forever be a visionary, and his personal life also reflects the
forward-thinking, alternative approach that vaulted Apple to success. During a
trip to India, Jobs visited a well-known ashram and returned to the U.S. as
a Zen Buddhist .
Jobs was also
a pescetarian who didn't consume most animal products, and didn't eat meat
other than fish. A strong believer in Eastern medicine, he sought to treat his
own cancer through alternative
approaches and specialized diets before reluctantly seeking his first
surgery for a cancerous tumor in 2004.
9. His
fortune world's
most valuable brand , Jobs pulled in a comically low annual salary of just
$1. While the gesture isn't unheard of in the corporate world — Google's
Larry Page, Sergey Brin, and Eric Schmidt all pocketed the same 100 penny
salary annually — Jobs has kept his salary at $1 since 1997, the year he became
Apple's lead executive. Of his salary, Jobs joked
in 2007 : "I get 50 cents a year for showing up, and the other 50 cents
is based on my performance."
In early 2011,
Jobs owned 5.5 million shares of Apple. After his death, Apple shares were valued
at $377.64 — a roughly 43-fold growth in valuation over the last 10 years
that shows no signs of slowing down.
He may only
have taken in a single dollar per year, but Jobs leaves behind a vast fortune.
The largest chunk of that wealth is the roughly $7 billion from the sale of
Pixar to Disney in 2006 .
In 2011, with an estimated net worth of $8.3 billion, he was the 110th richest
person in the world, according to Forbes .
If Jobs hadn't sold his shares upon leaving Apple in 1985 (before returning to
the company in 1996), he would be the world's fifth richest individual.
While there's
no word yet on plans for his estate, Jobs leaves behind three children from his
marriage to Laurene Jobs (Reed, Erin, and Eve), as well as his first daughter,
Lisa Brennan-Jobs.’
-----
Did LSD help
make Steve Jobs more creative? — Slate { I’d say ‘causation’ (cause/effect) becomes
problematic here; a ‘chicken and egg’ kind of thing that in the realm of
Kantian philosophy would be considered a noumenon; quite possibly even
misconstrued by Jobs himself in an overly humble, somewhat self-effacing kind
of way, ignoring his innate abilty, brilliance. } [ That Steve Jobs was great for having
literally saved Apple Computer from extinction, there is no question and I’ve
previously eulogized him accordingly, ‘pre-death’ (my first computer was an
AppleIIc in 1986). Yet, for every story as his, the Beatles (my favorite band
all-time, along with the Classical Greats), etc., I can relate a multitude of
stories of tragedy, disaster, including one of a quite brilliant lad I worked
with – summer job – who expounded on the benefits of LSD expanding one’s mind
{repeatedly recommending I try it – I didn’t- never did} was accepted at
Columbia Law School, and while hitchhiking while high in mind-expansion-mode
walked into a mack truck thereby expanding his mind (and body) all over the
roadway, etc..]
Home
ownership: Biggest drop since Great Depression The percentage of Americans who owned their homes
has seen its biggest decline since the Great Depression, according to the U.S.
Census Bureau.
The impact of phony short-squeeze rallies — Ritholtz http://www.ritholtz.com/blog/2011/10/the-mmpact-of-phoney-short-squeezes
Stock
investors may take days to distinguish real news from noise, according to
Federal Reserve Bank of New York.
http://www.ritholtz.com/blog/wp-content/uploads/2011/10/1007chart.jpg
This is
especially true these days, given false announcements of bailouts, Fed
interventions and rescues. They tend to cause fake short squeezes that
temporarily spike markets, only to see them ultimately head lower.
To get a
closer look of noise on markets, the FFRBNY studied how UAL’s stock moved in
September 2008. At the time, a “ six-year-old report on the
company’s bankruptcy filing appeared online and was treated as a new story .”
David Wilson
of Bloomberg has the details:
“UAL, which later
became United Continental Holdings Inc., plunged as much as 76 percent on Sept.
8, 2008, in response to the error. While UAL’s loss narrowed to 11 percent by
the close of trading, the shares fell the next two days before rebounding.
“Residual effects
attributable to the false news shock” lasted for seven trading days, the
researchers wrote this week in a blog posting on the New York Fed’s website.
The effect is at odds with the efficient-market hypothesis, which holds that
share prices reflect all publicly available data on a company.
To identify the
time period, they estimated where UAL’s shares would have traded if the
outdated report hadn’t surfaced. The projection was derived from the
performance of the Standard & Poor’s 500 Index, the Bloomberg World
Airlines Index and crude oil during the period. The posting by economists
Carlos Carvalho, Nicholas Klagge and Emanuel Moench was based on a report they
published in May 2009 and revised in June. Carvalho, who teaches economics at
the Pontifical Catholic University of Rio de Janeiro, worked at the New York
Fed when the research was originally done. His two co- authors are still there.
Given every twitch of the market over tales of EU/ECB
action, German banks bailing out Italy, or anything related to Greece, it is
interesting to see how traders behave relative to false announcements.’
IMF to
Propose New Short-Term Credit Lines Oct 7th, 2011 News source ]
PG View
U.S.
Bank Exposure to Europe Could Be $640 Billion, Per Congressional Paper Oct
7th, 2011 News source ]PG View
Fitch
cuts Italy, Spain ratings, outlook negative Oct 7th, 2011 News source ]
Is U.S. a Third-World
Nation? Oct 7th, 2011 News PG View
World
facing worst financial crisis in history, Bank of England Governor says Oct
7th, 2011 News This is the most serious
financial crisis we’ve seen, at least since the 1930s, if not ever source ]
Banking
Delusion Brings Crisis to Europe’s Core Oct 7th, 2011 News source ]
‘Chinabot
is in full fail mode, after a sticksave attempt to save the currency following
the Italian downgrade by Fitch was monkeyhammered with the Spanish downgrade
which was not only two notches, but sent the country's rating to below that of
S&P and Moodys. Adding fuel to the fire is an errant comment from Merkel
who has said that Eurobonds are "absolutely
the wrong way to go
Market
Snapshot: Dispersion Rising As EU Financials Underperform Durden on 10/07/2011 - 11:47Precious
Metals Price
Action why are we still
rallying? ..
Well,
a month end update only for those funds who still report their P&L to HSBC.
Others, such as Paulson, apparently deem it below them to post an update when
they are doing less than swell, shall we say. In other news, redemptions will
continue until morale improves.
From
the mind that brought you the Great
Vega Short comes the next masterpiece on liquidity, volatility, contagion
and everything else. "Volatility is change and the world is changing. The
truth is that Greece will default. The truth is that if our leaders continue to
deny our problems history tells us the US will eventually default. These
shocking events will hurt many people, markets will collapse, life savings will
be lost, there will be violence, upheaval, and massive political change ..
Several years ago Paolo Pellegrini, Kyle Bass,
Michael Burry and several other visionaries were well ahead of the conventional
wisdom groupthink curve by not only sensing that the housing market was
massively overvalued and riding on the crest of a huge leverage bubble .. the
world is fretting about Europe, Morgan Stanley, lack of decisive political
decision-making in a pseudo union of 17 different countries, lack of decisive
monetary intervention, a Chinese hard landing and everything else that makes
front pages these days, slowly our prediction is starting to come true. But you
won't hear about it anywhere else, because if the market understands that in
addition to a global solvency crisis, America has another Subprime contagion on
its hands actually being expressed in the markets as we type, and potentially costing banks, pension funds
and various asset managers billions in losses behind the scenes, that may well
be the last straw.
The
headline wholesale inventories number missed +0.6% expectations, rising only
0.4% (from 0.8% prior) with its lowest build since Nov 2010. Under the covers
though, non-durables were the most troublesome - unless of course the spin is
that a falling inventory implies future growth as inventories 'have' to be
rebuilt, right? Non-durables inventories dropped 0.6% - its biggest drop since
Sep 2009.
The
rally has been strong across many products, but once again has all the signs of
a short squeeze rally. ..
As
noted previously, one key fly in the ointment in an otherwise better than
expected jobs report (in which the participation rate also trended higher for a
welcome change) was the manufacturing jobs data, which declined by 13,000.
Perhaps at the end of the day this is the most important data point, since
while declining government jobs at the end of the day is a good thing,
government workers don't actually create anything of value for the economy. And
as the chart below demonstrates, the long term trend is certainly not our
friend. The second "fly", and the one that will certainly be used as
a talking point by politicians, was the average unemployment duration. At 40.5
weeks, it just hit a new all time record.
As usual, Reuters is the first with a compilation of
Wall Street's gut reaction to the NFP data.
So much for the recession? September NFP prints at
103,000 on expectations of 60,000, with August revised to 57,000 from that
roulette busting double zero. The unemployment rate held at 9.1 percent, as
expected. From the report: "The
increase in employment partially reflected the return to payrolls of about
45,000 telecommunications workers who had been on strike in August.. highest since
December 2010 .
The bank that was selling Dexia shares to its clients
all the way down (Goldman
Cuts Dexia From Buy To Neutral On Imminent Restructuring And Winddown ) and
which has the uncanny ability to align its own trading desk with an event's
"outcome", at the expense of clients of course, has just done it
again. As of this morning it is actively
selling
6
Reasons a Global Recession is Unavoidable Ron DeLegge, October 5, 2011, ‘ Most economists and Wall Street types
are reluctant to publicly admit the global economy is in a recession.
Their reams of conflicting data are sending mixed messages. But an
honest look at key events and the behavior of financial markets solidifies
the view that the global recession we're probably already in,
is unavoidable. Let's analyze some of the reasons behind this.
1) The
Fed is out of tricks. When
it comes to manipulating financial markets in the name of economic security,
nobody matches the Federal Reserve's prowess. Over the past few years, the Fed
has engaged in financial gimmickry of such epic proportions that angry calls
for ending its existence have been voiced from sea to shining sea. The Fed's
Treasury purchases (POMO) and monetization of debt (quantitative easing), may
have delayed the reckoning day, but have these programs really solved America's
long-term problems? The Fed's latest shift from short-term to long-term debt
(Operation Twist) is tantamount to taking money from your right hand pocket and
putting it into your shirt pocket. The Fed is running out of time and out of
tricks. Ben Bernanke has finally admitted what the general public has known all
along; the job situation is a 'national crisis.'
2) Stock
market says we're already in a recession. The National Bureau of Economic Research (NBER) and
its leading economists still deny the U.S. economy is in a recession.
Apparently, their slide rulers haven't yet confirmed it, so they need a few
more quarters before issuing a press release. Meanwhile, the stock market,
which is a leading indicator of economic activity, is screaming 'recession.'
Large company stocks within the S&P 500 (NYSEArca: SPY - News ) have fallen almost 18%
since July. Bulls argue this is still shy of the 20% threshold that confirms a
bear market, but even so, mid cap stocks (NYSEArca: MDY - News ) and small caps (NYSEArca: IWM - News ) have already entered bear
territory. Today's stock prices reflect expectations about future earnings,
which in turn are connected to the future state of the economy. Expectations
are rightfully low.
3) Greece
has set the tone for Europe (and maybe the rest of the world). How many financial targets will Greece continue to
miss before forecasters stop regurgitating its false numbers? When will Greece
stop embarrassing itself with financial projections it knows aren't true?
Greece's 2011 deficit was projected to be 8.5% of its GDP but came in almost
1.69 billion above its original targets. Next year, Greece is aiming for a deficit
that's 6.8% of GDP. With the country engulfed in civil protests, job strikes
and general chaos - how realistic are its 2012 projections? Financial bets for
Greece to succeed are a long-shot. The country's economic projections are no
longer based upon realistic assumptions, but hopes for garnering more bailout
money and calming hostile markets. Ultimately, Greece is merely a reflection of
the entire EU region - a place where financial aspirations don't match reality.
4) Bear
funds are leading performers. The
two-year period from March 2009 to March 2011 was a difficult existence for
bear market funds. After bottoming at decade lows, the stock market skyrocketed
and bear funds got clobbered. But not anymore. Bear funds are investments
that, by design, increase in value when the underlying benchmarks they track
decline. Now with the stock market swooning, bear funds are posting huge gains.
Over the past three months, Direxion's 3x daily leveraged bear ETFs for large
cap stocks (NYSEArca: BGZ
- News ) is ahead by 42.97%,
mid cap stocks (NYSEArca: MWN
- News ) is up 58.30% and small
caps (NYSEArca: TZA - News ) is up by 49.76%. Reversing
this ominous trend, especially when key technical levels have been pierced,
won't be easy.
5) Major
asset classes are in correlation. During a bear market, the correlation between asset classes typically
jumps and this is exactly the case right now. Over the past few months,
commodities (NYSEArca: GCC
- News ), global real estate
stocks (NYSEArca: RWO - News ), precious metals (NYSEArca:
GLTR - News ), international stocks
(NYSEArca: EFA - News ), and U.S. stocks (NYSEArca:
SCHB - News ) have all moved in the same
general direction by recording sizable losses. Even gold (NYSEArca: IAU - News ) and silver (NYSEArca: SLV - News ), which previously escaped
the wrath of losses, have joined the party. And only cash and bonds (NYSEArca: AGG - News ) are bucking the correlation
trend.
6) Pace
of sovereign downgrades is accelerating. We don't advocate putting implicit faith in credit
ratings, because history has taught us they are nothing more than financial
opinions and frequently, not very accurate ones. Still, a gander at the latest
downgrading trend is troublesome. Intuitive observers will note, this is not an
isolated phenomenon, but a global trend. Sovereign debt from Greece and
Portugal, after several downgrades, is now rated junk. Ireland has been
downgraded and Italy was just downgraded by Moody's to A2 with a
negative outlook. Japan, along with U.S. debt was lowered in August and
another wave of more downgrades is coming, so get used to it.
Conclusion
Investing in
an economically stifled climate requires patience, diligence, and
forethought. Following the herd mentality guarantees nothing more
than mediocrity and making kneejerk financial decisions is an excellent
way to lose money. ETFguide's Profit Strategy ETF Newsletter continues to advocate a fiercely
independent view of world events, financial markets, and the proper allocation
of money. Ultimately, having an investment strategy that can perform
during any kind of market is a good start. ‘
Consumer
Spending Slumps In September, Index Shows at Forbes
U.S.
stocks' massive "melt-up" fans investor fears Reuters October 5,
2011, By Edward Krudy NEW YORK (Reuters) - In less than one hour on
Tuesday, the U.S. stock market surged by 4 percent -- for no apparent
reason.The last hour of trading was the most volatile final hour in two months
-- and it occurred at a speed that frightens many, from experienced hedge-fund
managers to mom-and-pop investors.The late-day "melt-up" that pushed
the S&P 500 index (^SPX -
News ) out of bear-market
territory might be construed as good news. But it brings back echoes of the
"flash crash" that saw markets dive by several hundred points in a
matter of minutes, and it's a big reason many are staying away from the
market."Everyone is scared in both ways -- the shorts are scared, the
longs are scared, everyone is scared. The high-net-worth investor is very, very
scared," said Stephen Solaka, managing partner at Belmont Capital Group in
Los Angeles, which manages money for independent wealth advisers and family
offices.Tuesday's move was the latest example of an erratic, high-octane stock
market increasingly driven by levered exchange traded funds and complicated
hedging and options strategies that unwind with dizzying speed.It's a far cry
from when the U.S. stock market was viewed as a place for capital-raising by
businesses seeking to expand and a place for investors looking to put their
savings to work."It tends to result in some market participants feeling
like the market is uninvestable. It's not good for mutual funds or hedge
funds," said Michael Marrale, head of sales trading at RBC Capital Markets
in New York.The ostensible reason for Tuesday's move was an article published
late in the day on the Financial Times website quoting the EU's commissioner
for economic affairs, Olli Rehn, saying a plan was being worked out to
recapitalize the region's troubled banking sector.But Reuters reported similar
comments earlier in the day, and Rehn's comments struck some people as covering
old ground. Ken Polcari, a veteran of the NYSE floor at ICAP Equities, found
the reasoning insufficient."There is no clarity -- 'no formal decision' --
just more speculation, more rumors, and more innuendo," he said of the FT
article.
WHAT WENT DOWN
Traders,
analysts and investors interviewed by Reuters cited a number of factors, many
of them technical, and linked to big positions around the 1100 level on the
S&P 500…
BLAST-OFF AT
1,100
The S&P
climbed steadily between 3 p.m. and 3:30 p.m., but once it broke through 1,100,
the gains accelerated, as the average rose 1 percent in the span between 3:39
p.m. and 3:45 p.m.
For Joe
Donohue, money manager at Dimension Trading in Red Bank, New Jersey, the speed
of the reversal was a classic sign of automated algorithmic trading.
"I didn't
know the move was for real until about 3:40 to 3:45, when my machine just lit
up green like a Christmas tree," he said. "That's when you know
there's algo buying dictating the market. It certainly wasn't individual
buyers."
Donohue's
response was to close out short positions and buy a triple-leveraged long
exchange traded fund that magnifies the performance of the Russell 2000
(Chicago Options:^RUT - News ) three times.
The Direxion
Daily Small Cap Bull 3X Shares (Pacific:TNA - News ), which had its busiest day
of trading in history on Tuesday, rocketed nearly 20 percent into the close.
That ETF, along with the Proshares Ultrashort S&P 500 ETF (Pacific:SDS - News ), another leveraged ETF, are
now often among the top 25 traded issues on U.S. exchanges.
"Program
trading and algorithmic trading was the cause," said Donohue. "We're
seeing moves in a half hour that used to take weeks. Obviously we were very
oversold technically before, and essentially we had a 'melt-up' that was helped
by the algo trading that just went off buying."…’
Moody’s
Cuts Italy’s Credit Rating Wall St.
Cheat Sheet
Who
Will Recapitalize the Recapitalizers?
[ Gutenberg of course! Well, just indirectly, historically speaking; the
printing press, that is. The ‘recapitalizer’, brought back to life in the
pervasively corrupt, defacto bankrupt america; bringing home once more that
historic ‘Weimar dollar’, ubiquitously now worldwide. Sounds like a plan!
Straight from planning / design room for the u.s.s. Titanic! ] The Wall Street
Journal Paul Vigna
“Recapitalizing” European banks (the preferred euphemism for bailout,
apparently) in order to stabilize them in the face of “haircuts”
on sovereign debt (the preferred euphemism for losses, obviously) through
a facility like the EFSF risks a spiral that will make the bailouts more
difficult to fund.Capital Economics economist John Higgins writes today
that the bank recapitalization plan that has the market so excited is “unlikely
to draw a line under the crisis.”A recapitalization would allow banks to
withstand a bigger haircut on Greek debt. The trouble is that once Greece gets
a bigger haircut, other sovereign borrowers will want one, too. That could get
expensive in a hurry.The EFSF bailout fund could fill help weaker countries carry
some of that burden, but that will get increasingly problematic.“The more the
EFSF’s funds are used to recapitalize banks, the less it will have to
provide official financing, or to intervene in the debt markets,” Mr. Higgins
writes. “And the more the EFSF is expected to deploy its firepower in
whatever capacity, the more investors will believe it will have to be
leveraged, with the result that its own cost of borrowing could keep
on rising.”
David Stockman: Blame
The Fed! Sep 30th, 2011 News
Gov't
report: Fannie knew of 'robo-signing' in '03 - AP
After a
Bad Q3, Markets Not Likely to Recover in Q4 Daryl Montgomery, October 3, 2011, ‘ The
third quarter of 2011 had the biggest drop and most volatility for stocks since
2009. The fourth quarter may not be much better since the cause of the problem
is a new credit crisis and an emerging global recession. Both will continue to
be a drag on the market.
10:00 a.m. ET: August factory orders
Train
Reading: That Explains Everything at
The Wall Street Journal
China’s
worsening credit crunch — Pragmatic
Capitalism
The Occupy
Wall Street protesters are winning — Josh Brown
The gap
between economic data and sentiment — Abnormal Returns
Recession,
restructuring and the ring fence — John Hussman
Marc
Faber's October Outlook: Forget EU Debt Crisis, A China Meltdown Is The Real
Threat
http://www.bullfax.com/?q=node-marc-fabers-october-outlook-forget-eu-debt-crisis-china
10/03/2011 By Nathaniel Crawford : SPY ), there could be a year-end rally
followed by a more meaningful decline into 2012. Investors should use any
bounce in stocks as an opportunity to reduce their equity exposure.’
WARNING:
Corporate-Fascist Military Coup Brewing in the United States? Tony Cartalucci
Prophets
Of Doom: 12 Shocking Quotes From Insiders The
Economic Collapse
A lot of
people in politics and in the financial world know what is about to
happen. Once in a while they will even be quite candid about it with the
media.
As I have
written about previously, Europe is on the verge of a financial collapse . If things go really
badly, things could totally fall apart in a few weeks. But more likely it
will be a few more months until the juggling act ends.
Right now, the
banking system in Europe is coming apart at the seams. Because the global
financial system is so interconnected today, when major European banks start to
fail it is going to have a cascading effect across the United States and Asia
as well.
The financial
crisis of 2008 plunged us into the deepest recession since the Great Depression.
The next
financial crisis could potentially hit the world even harder.
The following
are 12 shocking quotes from insiders that are warning about the horrific
economic crisis that is almost here….
#1 George Soros : “Financial markets are
driving the world towards another Great Depression with incalculable political
consequences. The authorities, particularly in Europe, have lost control of the
situation.”
#2 PIMCO CEO Mohammed El-Erian : “These are all
signs of an institutional run on French banks. If it persists, the banks would
have no choice but to delever their balance sheets in a very drastic and
disorderly fashion. Retail depositors would get edgy and be tempted to follow
trading and institutional clients through the exit doors. Europe would thus be
thrown into a full-blown banking crisis that aggravates the sovereign debt
trap, renders certain another economic recession, and significantly worsens the
outlook for the global economy.”
#3 Attila Szalay-Berzeviczy ,
global head of securities services at UniCredit SpA (Italy’s largest bank):
“The only remaining question is how many days the hopeless rearguard action of
European governments and the European Central Bank can keep up Greece’s
spirits.”
#4 Stefan Homburg , the head of
Germany’s Institute for Public Finance: “The euro is nearing its ugly end. A
collapse of monetary union now appears unavoidable.”
#5 EU Parliament Member Nigel Farage : “I think the worst in
the financial system is yet to come, a possible cataclysm and if that happens
the gold price could go (higher) to a number that we simply cannot, at this
moment, even imagine.”
#6 Carl Weinberg , the chief economist at
High Frequency Economics: “At this point, our base case is that Greece will
default within weeks.”
#7 Goldman Sachs strategist Alan Brazil : “Solving a debt problem with more debt has
not solved the underlying problem. In the US, Treasury debt growth financed the
US consumer but has not had enough of an impact on job growth. Can the US
continue to depreciate the world’s base currency?”
#8 International Labour Organization director general Juan Somavia recently stated that
total unemployment could “increase by some 20m to a total of 40m in G20
countries” by the end of 2012.
#9 Deutsche Bank CEO
Josef Ackerman : “It is an open secret that numerous European banks would
not survive having to revalue sovereign debt held on the banking book at market
levels.”
#10 Alastair
Newton, a strategist for Nomura Securities in London : “We believe that we
are just about to enter a critical period for the eurozone and that the threat
of some sort of break-up between now and year-end is greater than it has been
at any time since the start of the crisis”
#11 Ann Barnhardt , head of Barnhardt Capital Management,
Inc.: “It’s over. There is no coming back from this. The only thing that can
happen is a total and complete collapse of EVERYTHING we now know, and humanity
starts from scratch. And if you think that this collapse is going to play out
without one hell of a big hot war, you are sadly, sadly mistaken.”
#12 Lakshman Achuthan of ECRI: “When
I call a recession…that means that process is starting to feed on itself, which
means that you can yell and scream and you can write a big check, but it’s not
going to stop.”
*****
In my opinion,
the epicenter of the “next wave” of the financial collapse is going to be in
Europe. But that does not mean that the United States is going to be
okay. The reality is that the United States never recovered from the last
recession and there are already a lot of signs
that we are getting ready to enter another major recession. A major
financial collapse in Europe would just accelerate our plunge into a new economic
crisis .
If you want to
read something that will really freak you out, you should check out what Dr.
Philippa Malmgren is saying. Dr. Philippa Malmgren is the President and
founder of Principalis Asset Management. She is also a former member of
the Bush economic team. You can find her bio right
here .
Malmgren is
claiming that Germany is seriously considering bringing back the
Deutschmark. In fact, she claims that Germany is very busy printing new
currency up. In a list of things that we could see
happen over the next few months, she included the following….
“The Germans announce they are re-introducing the Deutschmark.
They have already ordered the new currency and asked that the printers hurry
up.”
This is quite a claim for someone to be making.
You would think that someone that used to work in the White House would not make
such a claim unless it was based on something solid.
If Germany did decide to leave the euro, you would
see an implosion of the euro that would be truly historic.
But as I have written about previously, it should not
surprise anyone that theend of the euro is being talked about because the
euro simply does not work.
The only way that the euro would have had a chance of
working is if all of the governments using the euro would have kept debt levels
very low.
Unfortunately, the financial systems of the western
world are designed to push governments into high levels of debt.
The truth is that the euro was doomed from the very
beginning.
Now we are approaching a day of reckoning. We
have been living in the greatest debt bubble in the history of the world, but
the bubble is ending. There are several ways that the powers that be
could handle this, but all of them will lead to greater financial instability .
In the end, we will see that the debt-fueled
prosperity that the western world has been enjoying for decades was just an
illusion.
Debt is a very cruel master. It will almost
always bring more pain and suffering than you anticipated.
It is easy to get into debt, but it can be very
difficult to get out of debt.
There is no way that the western world can unwind
this debt spiral easily.
The only way that another massive economic crisis can
be put off for even a little while would be for the powers that be to “kick the
can down the road” a little farther by creating even more debt.
But in the end, you can never solve a debt problem
with more debt.
The next several years are going to be an incredibly
clear illustration of why debt is bad.
When the dominoes start to fall, we are going to
witness a financial avalanche which is going to destroy the finances of
millions of people.
You might want to try to get out of the way while you
still can.’
IMF:
World economy enters 'dangerous new phase'
Christopher S. Rugaber, AP Economics Writer, On
Tuesday September 20, 2011, WASHINGTON (AP) – ‘The world economy has
entered a "dangerous new phase," according to the chief economist of
the International Monetary Fund. As a result, the international lending
organization has sharply downgraded its economic outlook for the United States
and Europe through the end of next year.The IMF
expects the U.S. economy to grow just 1.5 percent this year and 1.8 percent in
2012. That's down from its June forecast of 2.5 percent in 2011 and 2.7 percent
next year.
To achieve
even that still-low level of growth, the U.S. economy would need to expand at a
much faster rate in the second half of the year than its 0.7 percent annual
pace in the first six months.
Most
economists expect growth of between 1.5 percent and 2 percent in the final two
quarters. Though an improvement, it wouldn't be enough to lower the unemployment
rate. The rate has been 9 percent or higher in all but two months since the
recession officially ended more than two years ago.
"The
global economy has entered a dangerous new phase," said Olivier Blanchard,
the IMF's chief economist. "The recovery has weakened considerably. Strong
policies are needed to improve the outlook and reduce the risks."
The IMF has
also lowered its outlook for the 17 countries that use the euro. It predicts
1.6 percent growth this year and 1.1 percent next year, down from its June
projections of 2 percent and 1.7 percent, respectively.
The gloomier
forecast for Europe is based on worries that euro nations won't be able to
contain their debt crisis and keep it from destabilizing the region.
"Markets
have clearly become more skeptical about the ability of many countries to
stabilize their public debt," Blanchard said. "Fear of the unknown is
high."
Overall, the
IMF predicts global growth of 4 percent for both years. Stronger growth in
China, India, Brazil and other developing countries should offset weaker output
in the United States and Europe.
Financial
turmoil and slow growth are feeding on each other in both the United States and
Europe, IMF officials say. Europe's debt crisis is causing banks to reduce
lending and hold onto cash. Sharp stock market drops in the United States over
the summer have hurt consumer and business confidence and will likely reduce
spending. That slows growth, which leads many investors to shift money out of
stocks and into safer investments, such as Treasury bonds.
In Europe,
slower growth will make it harder for stressed nations to get their debt under
control.
U.S. and
European policymakers must act more decisively to cut budget deficits, the IMF
said.
European banks
need to boost their capital buffers more quickly and beyond new minimum levels
set to come into force in 2019, the IMF said.
European banks
have seen their stocks slide sharply this summer on fears that their exposure
to the government debt of shaky countries like Greece could result in big losses.
Having extra
capital would bolster confidence in the banking sector and shield Europe's
economy from the impact of jitters in financial markets.
The U.S.
economy faces longer-lasting problems that go beyond high gas prices and
disruptions caused by the Japan crisis, the IMF said.
Employers are
adding few jobs and giving out meager pay raises. Many homeowners owe more on
their mortgages than their homes are worth. Banks are keeping credit tight.
All those
trends are holding back consumer spending. Unemployment is likely to average 9
percent next year, the IMF's report said, echoing a recent estimate by the
Obama administration.
President
Barack Obama's proposal to cut taxes and spend more on infrastructure should
provide much-needed short-term stimulus, the IMF said. But it needs to be
paired with a longer-term plan to reduce the deficit over, the report said. The
timing of the budget cuts is key, Blanchard said.
Budget cuts
"cannot be too fast or it will kill growth," Blanchard said in a
statement. "It cannot be too slow or it will kill credibility."
President
Obama on Monday proposed more than $3 trillion of tax increases and spending
cuts over 10 years. His proposal will be considered by a congressional panel
charged with finding $1.5 trillion in deficit reduction this year.
Both Obama's
jobs proposal and the tax increases face stiff opposition from Republicans.
They oppose any tax increases and have strongly criticized the president's
plans.
The 187-member
nation fund conducts economic analysis and lends money to countries in
financial distress. It will hold its annual meetings with the World Bank later
this week in Washington.
Associated
Press Writer Gabriele Steinhauser contributed to this report from Brussels.’
Low
Interest Rates: Perma-Expectations No More at Minyanville
Wall
St. Cheat Sheet: Italy Gets Axed, Netflix in Free Fall, Housing Starts Drop
Wall St Cheat Sheet September
20, 2011, ‘ The
Dow Jones Industrial Average and U.S. stocks are in the green after Wall
Street suddenly got more confident Greece will get aid and Ben Bernanke will be
forced to add more welfare, I mean stimulus, to the economy.Standard &
Poor’s cut
Italy’s credit rating late Monday by one level to A from A+, citing
weak economic growth and criticizing Rome’s response to the debt crisis.
Italian Prime Minister Silvio Berlusconi responded, saying that the move was
influenced by “political considerations” and media stories rather than economic
reality. While more building permits in the U.S. were authorized in
August than in July,
housing starts and completions both declined last month .
A
Fed IOER Cut Could Backfire on Banks, Warns Pimco at The Wall Street Journal
Low
Interest Rates: Perma-Expectations No More at Minyanville interest
rates Is FOMC's Pledge to Keep Short-Term Interest Rates Low Until
2013 Believable? ).Is This the End of the Money-Printing Era? ) on the
relationship between the forward rates between six and nine months and the
actual three-month rate as it arrives six months later. If the gap between
expectation and reality is high, it means the market has been fooled again in
its expectations that low short-term interest rates must be headed in one
direction, higher. The opposite has been observed in practice, too; markets can
incorrectly price in expectations for low short-term rates and get whacked
upside the head by reality.interest
rate http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph1.jpg
data http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph2.jpg
trades
Is This the End of the Money-Printing Era? Howard Simons Dec 01, 2010 ‘If monetary
stimulus ends and we start recognizing losses rather than trying to roll them
forward, we can lay the foundation for a new era of prosperity. [Note the date
and hence Simons’ wisdom! Yet, the postponement / delay has substantially
impaired that ‘prosperity part’ going forward.]
‘Of all the negative human emotions, the
feeling you have been had is one of the worst. We all have heard the adage,
“Fool me once, shame on you; fool me twice, shame on me,” and if I had a nickel
for every time I have heard “Won’t Get Fooled Again,” both former President
Bush and I would have a lot of nickels.interest
rates Short-Term Interest Rates No Longer Unexpectedly Low in
May.6,9 ); that is,
the rate at which we can lock in borrowing for three months starting six months
from now, we have the market’s hedgeable measure of where rates will be. I
cannot emphasize strongly enough that this is not an interest
rate http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight.jpg
trade http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight2.jpg
market’s demand for lower short-term interest rates and the
August 27, 2010 date of Ben Bernanke’s Jackson Hole speech promising new asset The Bridge on the River Kwai wondering,
“What have I done?”kumbaya
in their various languages and have each of the 16 members of the euro rescued
in turn -- we have to wonder if we are at last at the end of the line for
monetary stimulus. Methinks we are.
IMF
Cuts Global Growth Outlook, Warns About U.S. Deficits, Euro Banks at Forbes ‘The International Monetary Fund dialed back
its outlook for the global economy Tuesday, and now projects
worldwide growth of 4% in 2011 and 2012, down from 5% in 2010.
Some slowdown
was anticipated, but the IMF expected it to come from an unwind of the
unprecedented stimulus efforts launched to counteract the financial crisis over
the last three years. Instead, “a barrage of economic shocks in 2011 combined
with other factors for a worse than anticipated outcome.”
Chief
economist Olivier Blanchard warned that “strong policies are urgently needed to
improve the outlook and to reduce the risks,” and the IMF said the economy is
in “a dangerous new phase” marked by weaker activity and a sharp decline in
confidence.
Gallery:
The IMF’s 2012 Growth Forecast
Tuesday’s
report comes as the Federal Reserve begins a two-day meeting at which Chairman
Ben Bernanke is likely to meet resistance if he pushes for further intervention
along the lines of additional Treasury purchases, following an August meeting
that saw three dissents from the central bank’s decision to target a 0%
benchmark interest rate until mid-2013.
Meanwhile,
European leaders are still trying to find a solution that will keep Greece from
defaulting and keeping the debt crisis outside of core Europe. (See “Europe Needs A TARP.” )
One could be
forgiven if it seems like pundits and policymakers are talking out of both
sides of their mouth, urging further aid for scuffling economies while at the
same time preaching that countries need to get religion on long-term debts.
Gallery:
The IMF’s 2012 Growth Forecast
The IMF
offered its view on the forceful actions that policymakers in developed
economies should undertake:
• In the euro area
• The top
priorities in the United States
• In Japan
The updated forecast anticipates U.S. growth of just
1.5% in 2011 and 1.8% in 2012, with euro area growth of 1.6% this year falling
to 1.1% next year. Emerging and developing economies will also grow slower than
previously anticipated, but remain the workhorses of global growth, the IMF
anticipates. China is expected to grow at a better than 9% clip this year and
next, while Brazil is expected to maintain annual growth better than 3.5%.
Gallery:
The IMF’s 2012 Growth Forecast
Financial stocks, a major drag on the market
seemingly every time there is a negative headline out of Europe, sank as the
broader market pulled back. Bank of America , JPMorgan Chase and Morgan Stanley surrendered earlier gains, while Wells Fargo and American Express held onto gains better than 1.75%.
http://blogs-images.forbes.com/steveschaefer/files/2011/09/IMF-Growth-Outlook.jpg ‘
Morning Snapshot Sep 20th, 2011 08:32 by News
• US housing
starts -5.0% to 571k pace in Aug, well below market expectations of 593k, vs
negative revised 601k in Jul.
Eurozone
debt crisis threatens banks, rest of world: IMF Economic Times
America’s
debt woe is worse than Greece’s Sep 21st, 2011 News $211 trillion source ]
$16
muffins, $8 coffee served in Justice audit
Holders of Sovereign Debt
Sep 21st, 2011 News source ]http://www.albertpeia.com/holders-of-sovereign-debt.jpg
PG View
PIIGS Lifeline Rallies
Stocks -- For Now Quentin Fottrell {
Greecy italy, ‘shitty italy’, says Bersusconi! How ‘bout a new name … ‘ShItaly’
[ just first page of google search ‘berlusconi, shitty italy’ About 231,000 results (0.15 seconds) ]: Berlusconi shitty Italy www.guardian.co.uk/world/2011/.../berlusconi-vows-leave-shitty-italy...
U.S.
Household Worth Declines by $149 Billion Sep 16th, 2011 14:32 by News source ]
US
taxpayers could be on hook for Europe bailout Sep 16th, 2011 13:01 by News source ]A Band-Aid for a
cancer patient Sep 16th, 2011 12:48 by News source ]
PG View : I concur with this assessment. The contingency plan
to protect the German banks is presumably in place. Liquidity lines have been
established. Payment of the next bailout tranche for Greece has been
forestalled until October. Seems like Greece is about to get pitched under the
bus…
Consumer
Hope for Future Hits Lowest Level Since 1980 Sep 16th, 2011 10:52 by News source ]
China
to ‘liquidate’ US Treasuries, not dollars Sep 16th, 2011 10:21 by News Beijing aims to run down its portfolio of US debt as
soon as safely possible should be
invested in physical assets Once the US Treasury market stabilizes we can
liquidate more of our holdings of Treasuries source ]
PG View : Out of US Treasuries and into more “physical
assets.” Physical assets like gold perhaps?
Europe
Ministers Rule Out Stimulus, Offer No Bank Aid Sep 16th, 2011 09:49 by News
PG View : Basically, another meeting with no substantive
moves to alter the course that Europe is on. There will be no fiscal stimulus.
We’re going to defer any decision on Greece until next month, when the country
will be once again on the precipice of default.
The Fed’s shadow TARP News by Sen. Jim DeMint August 31 (Politico) — ‘In the
run-up to the financial crisis, the Federal Reserve fueled the housing bubble
with its easy money policy. Now, we know that after the crisis struck, the Fed
secretly propped up elite bankers all the way from Wall Street to Brussels to
the Central Bank of Libya.A Bloomberg news investigation found that while the
Treasury Department was pumping $700 billion into banks under the Troubled
Asset Relief Program, the Fed was covertly operating its own bailout program –
the biggest in American history. The Fed’s Shadow TARP issued $1.2 trillion in
loans to domestic and foreign banks from 2007 to 2010, far more than Congress
authorized Treasury to spend under TARP.…Congress eventually approved a partial
audit that showed the Fed extended an incredible $16 trillion – more than the entire U.S. economy – in aggregate
lending authority to foreign and domestic banks from the end of 2007 to the
middle of 2010…After the second round of quantitative easing was announced,
Chinese Vice Finance Minister Zhu Guangyao said America “does not recognize, as
a country that issues one of the world’s major reserve currencies, its
obligation to stabilize capital markets.”German Finance Minister Wolfgang
Schaeuble was more blunt, calling the Fed “clueless.” [source ]’
Global
Recession Likely, Depression Possible: Economist Aug 31st, 2011 by News (CNBC) — ‘Global recession in 2012 is “65 to 75
percent certain” and could deteriorate into a lengthy depression, Roger
Nightingale, economist and strategist at RDN Associates, told CNBC.The peak
rate of growth for the world’s economy occurred more than 12 months ago and “it
carries on going down,” Nightingale said. “We are probably going into negative
territory around spring of next year; it is not for certain, but that is the
most likely scenario. I would say the recession is 65 percent, 75 percent certain .” The
economist warned that should recession kick in, the global economy might be too weak to
generate any GDP growth for years, or even decades .’
Morning Snapshot News August 31 (USAGOLD) — ‘Gold is modestly lower this
morning, but still generally well bid amid rising expectations that the Fed is
preparing to ease once again. The St. Louis Fed’s Bullard was hinted in the
Japanese press that the Fed may indeed embark on QE3, depending on upcoming
data. Bullard added a caveat, saying that it should be confirmed that inflation
has eased first. These comments come on the heals of very dovish Fedspeak by
Chicago Fed’s Evans on Tuesday.
Today’s weaker
that expected ADP employment index may further temper expectations for Friday’s
August nonfarm payrolls report. Consensus is running around +93k, following the
+117k print for Jul. The unemployment rate is expected to remain unchanged at
9.1%.
• US ADP
employment index rose 91k in Aug, below market expectations of 100k, vs
negative revised 109k in Jul.
Most of the
worst financial panics in history have happened in the fall. Just recall
what happened in 1929, 1987 and 2008. Well, September 2011 is about to
begin and there are all kinds of signs that the financial world is about to hit
the big red panic button. Wave after wave of bad economic news has come
out of the United States recently, and Europe is embroiled in an absolutely
unprecedented debt crisis. At this point there is a very real possibility
that the euro may not even survive. So what is causing all of this?
Well, over the last couple of decades a gigantic debt bubble has fueled a
tremendous amount of “fake prosperity” in the western world. But for a
debt bubble to keep going, the total amount of debt has to keep expanding at an
ever increasing pace. Unfortunately for the global economy, sources of
credit are starting to dry up. That is why you hear terms like “credit
crisis” and “credit crunch” thrown around so much these days. Without
enough credit to feed the monster, the debt bubble is going to burst. At
this point, virtually the entire global economy runs on credit, so when this
debt bubble bursts things could get really, really messy.
Nations and
financial institutions would never get into debt trouble if they could always
borrow as much money as they wanted at extremely low interest rates. But
what has happened is that lending sources are balking at continuing to lend
cheap money to nations and financial institutions that are already up to their
eyeballs in debt.
For example,
the yield on 2 year Greek bonds is now over 40 percent. Investors don’t
trust the Greek government and they are demanding a huge return in order to
lend them more money.
Throughout the
financial world right now there is a lot of fear. Lending conditions have
gotten very tight. Financial institutions are not eager to lend money to
each other or to anyone else. This “credit crunch” is going to slow down
the economy. Just remember what happened back in 2008. When easy
credit stops flowing, the dominoes can start falling very quickly.
Sadly, this is
a cycle that can feed into itself. When credit is tight, the economy
slows down and more businesses fail. That causes financial institutions
to want to tighten up things even more in order to avoid the “bad credit
risks”. Less economic activity means less tax revenue for
governments. Less tax revenue means larger budget deficits and increased
borrowing by governments. But when government debt gets
really high that can cause huge economic problems like we are witnessing in
Greece right now. The cycle of tighter credit and a slowing economy can
go on and on and on.
I spend a lot
of time talking about problems with the U.S. economy , but the truth is that
the rest of the world is dealing with massive problems as well right now.
As bad as things are in the U.S., the reality is that Europe looks like it may
be “ground zero” for the next great financial crisis.
At this point
the EU essentially has three choices. It can choose much deeper economic
integration (which would mean a huge loss of sovereignty), it can choose to
keep the status quo going for as long as possible by providing the PIIGS with
gigantic bailouts, or it can choose to end of the euro and return to individual
national currencies.
Any of those
choices would be very messy. At this point there is not much political
will for much deeper economic integration, so the last two alternatives appear
increasingly likely.
In any event,
global financial markets are paralyzed by fear right now. Nobody knows
what is going to happen next, but many now fear that whatever does come next
will not be good.
The following
are 25 signs that the financial world is about to hit the big red panic
button….
#1 According to a new study just released by Merrill
Lynch, the U.S. economy has an 80% chance of going into another
recession.
#2 Will Bank of America be the next Lehman
Brothers? Shares of Bank of America have fallen more than 40% over the past couple of
months. Even though Warren Buffet recently stepped in with 5 billion
dollars, the reality is that the problems for Bank of America are far from
over. In fact, one analyst is projecting that Bank of America is going to
need to raise 40 or 50 billion dollars
in new capital.
#3 European bank stocks have gotten absolutely hammered in recent
weeks.
#4 So far, major international banks have announced
layoffs of more than 60,000 workers ,
and more layoff announcements are expected this fall. A recent
article in the New York Times
detailed some of the carnage….
A new wave of layoffs is emblematic of this shift as nearly
every major bank undertakes a cost-cutting initiative, some with names like
Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and
Citigroup is quietly cutting dozens of traders. Bank of America could cut as
many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank
of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street
and Wells Fargo have in recent months all announced plans to cut jobs — tens of
thousands all told.
#5
Credit markets are really drying up . Do you remember
what happened in 2008 when that happened? Many are now warning that we
are getting very close to a repeat of that.
#6
The Conference Board has announced that the U.S. Consumer Confidence Index fell
from 59.2 in July to 44.5 in August . That is
the lowest reading that we have seen since the last recession ended.
#7
The University of Michigan Consumer Sentiment Index has fallen by almost 20 points over the
last three months. This index is now the lowest it has beenin 30 years .
#8
The Philadelphia Fed’s latest survey of regional manufacturing activity was absolutely nightmarish ….
The survey’s broadest measure of manufacturing conditions, the
diffusion index of current activity, decreased from a slightly positive reading
of 3.2 in July to -30.7 in August. The index is now at its lowest level since
March 2009
#9
According to Bloomberg ,
since World War II almost every time that the year over year change in real GDP
has fallen below 2% the U.S. economy has fallen into a recession….
Since 1948,
every time the four-quarter change has fallen below 2 percent, the economy has
entered a recession . It’s hard to argue against an
indicator with such a long history of accuracy.
#10
Economic sentiment is falling in Europe as well. The following is
from a recent Reuters article ….
A monthly European Commission survey showed economic sentiment
in the 17 countries using the euro, a good indication of future economic
activity, fell to 98.3 in August from a revised 103 in July with optimism
declining in all sectors.
#11
The yield on 2 year Greek bonds is now an astronomical 42.47% .
#12
As I wrote about recently , the European
Central Bank has stepped into the marketplace and is buying up huge amounts of
sovereign debt from troubled nations such as Greece, Portugal, Spain and
Italy. As a result, the ECB is alsomassively overleveraged at
this point.
#13
Most of the major banks in Europe are also leveraged to the
hilt and have tremendous exposure to European sovereign debt.
#14
Political wrangling in Europe is threatening to unravel the Greek bailout
package. In a recent article, Satyajit Das described what has been going on behind
the scenes in the EU….
The sticking point is a demand for collateral for the second
bailout package. Finland demanded and got Euro 500 million in cash as security
against their Euro 1,400 million share of the second bailout package. Hearing
of the ill-advised side deal between Greece and Finland, Austria, the
Netherlands and Slovakia also are now demanding collateral, arguing that their
banks were less exposed to Greece than their counterparts in Germany and France
entitling them to special treatment. At least, one German parliamentarian has
also asked the logical question, why Germany is not receiving similar
collateral.
#15
German Chancellor Angela Merkel is trying to hold the Greek bailout deal
together, but a wave of anti-bailout “hysteria” is sweeping Germany, and nowaccording to
Ambrose Evans-Pritchard it looks like Merkel may not have enough votes to
approve the latest bailout package….
German media reported that the latest tally of votes in the
Bundestag shows that 23 members from Mrs Merkel’s own coalition plan to vote
against the package, including twelve of the 44 members of Bavaria’s Social
Christians (CSU). This may force the Chancellor to rely on opposition votes,
risking a government collapse.
#16
Polish finance minister Jacek Rostowski is warning that the status quo in
Europe will lead to “collapse “. According to Rostowski, if the EU does not
choose the path of much deeper economic integration the eurozone simply is not
going to survive much longer….
“The choice is: much deeper macroeconomic integration in the
eurozone or its collapse. There is no third way.”
#17
German voters are against the introduction of “Eurobonds” by about a 5 to 1 margin ,
so deeper economic integration in Europe does not look real promising at this
point.
#18
If something goes wrong with the Greek bailout, Greece is financially
doomed. Just consider the following excerpt from a recent article by
Puru Saxena ….
In Greece, government debt now represents almost 160% of GDP and
the average yield on Greek debt is around 15%. Thus, if Greece’s debt is rolled
over without restructuring, its interest costs alone will amount to
approximately 24% of GDP. In other words, if debt pardoning does not occur,
nearly a quarter of Greece’s economic output will be gobbled up by interest
repayments!
#19
The global banking system has a total of 2 trillion dollars of exposure to Greek, Irish,
Portuguese, Spanish and Italian debt. Considering how much the global
banking system is leveraged, this amount of exposure could end up wiping out a
lot of major financial institutions.
#20
The head of the IMF, Christine Largarde, recently warned that European banks
are in need of “urgent recapitalization “.
#21
Once the European crisis unravels, things could move very rapidly
downhill. In a recent article , John
Mauldin put it this way….
It is only a matter of time until Europe has a true crisis,
which will happen faster – BANG! – than any of us can now imagine. Think Lehman
on steroids. The U.S. gave Europe our subprime woes. Europe gets to repay the
favor with an even more severe banking crisis that, given that the U.S. is at
best at stall speed, will tip us into a long and serious recession. Stay tuned.
#22
The U.S. housing market is still a complete and total mess. According to
a recently released report, U.S. home prices fell 5.9% in the second quarter compared
to a year earlier. That was the biggest decline that we have seen since
2009. But even with lower prices very few people are buying.
According to the National Association of Realtors, sales of previously owned
homesdropped 3.5 percent during
July. That was the third decline in the last four months. Sales of
previously owned homes are even lagging behind last year’s pathetic pace.
#23
According to John Lohman, the decline in U.S. economic data over the past three
months has been absolutely unprecedented .
#24
Morgan Stanley now says that the U.S. and Europe are “hovering
dangerously close to a recession ” and that there is a good chance we could
enter one at some point in the next 6 to 12 months.
#25
Minneapolis Fed President Narayana Kocherlakota says that he is so alarmed
about the state of the economy that he may drop his
opposition to more monetary easing. Could more quantitative easing by
the Federal Reserve soon be on the way? …’
If
We Punished Executives the Way China Does, We Wouldn't Have Any Left
Minyanville Justin
Rohrlich [ I think we should consider this approach, starting with the
frauds on wall street, which of course in the sense of ‘all roads lead to’,
will unearth other criminals deserving of such treatment since their corruption
has had ‘life/death’ effects on the general populace through no fault of their own!]
‘Here in the United States, we've certainly gotten far more than we ever
bargained for when it comes to corruption in the collective C-suite.CHL sentenced to death for accepting more than $2.5 million in
bribes. New York Times points out that the "same type of sentence was
handed down last month for one of the company’s other former executives, Zhang
Chunjiang, who once served as vice chairman of China Mobile,” which also
included “the confiscation of his personal assets and the removal of his
political rights .” are under investigation in corruption cases. (It may be
worth noting that last week, China Mobile revealed that it “met several times with Steve Jobs to talk about Apple (AAPL iPhone CHU SNP According to state-run news service Xinhua , the court cut
Chen a break of sorts, stating that for "crimes involving 'extremely large
sums of money,' the suspects should be sentenced to death, but 'if they confess
or contribute to the handling of relevant cases, they should not get an
immediate death penalty in principle.'"Xinhua explains why certain executions are performed more
hastily than others:
Corrupt
officials, such as former vice-chairman of the Standing Committee of the
National People's Congress Cheng Kejie who was executed in September 2000,
former vice governor of Anhui Province Wang Huaizhong who was given a lethal
injection in February 2004, and former food and drug administration head Zheng
Xiaoyu, executed in July 2007, got immediate death sentences because they
"refused to plead guilty" and their bribe-taking "caused
extremely serious social impact.”
called it "legal housekeeping," as the
infractions were “all… seldom if ever punished by execution” to begin with. Laogai Research
Foundation -- established in 1992 by Harry Wu, a democracy activist and
survivor of the laogai, China’s system of forced-labor prison camps -- provided
us with a translation of the official list (which just so happens not to
include bribery):
Smuggling of antiques or cultural relics Smuggling of precious metals Smuggling of rare animals or products Smuggling of ordinary goods or objects Fraudulent activities with financial bills Fraudulent activities involving letters of
credit Forged value-added tax invoices False issuance of value-added tax invoices The teaching of criminal methods Theft of ancient human remains or fossils of
vertebrates
And finally, simple
“theft.”Wall Street Journal ’s China Real Time Report :
After
weeks of taking jabs to the chin from an angry microblogging public, leading
forces in the [Chinese Communist] Party have decided to punch back. Politburo
member Liu Qi visited the Beijing SINA
Teng Biao of China’s Economic Observer (and
translated by Worldcrunch.com), “China is the global leader for the number of
corrupt officials who are sentenced to death, and actually executed each year.
But, judging by the seemingly endless ‘public demand’ for this kind of
punishment and the surging popular anger, it would seem that there is actually
not enough of it.” Hong Kong told the Washington Post that “there still is a very
strong sense that corrupt officials must die among the Chinese population at
large. The revulsion for that offense is so strong that there would be a
potential political cost to eliminating the death penalty for corruption."
a six-year old schoolgirl in southern China was asked by a
television reporter what she wanted to become when she grew up.
BofA
Warns Upcoming “Desperate Measures” By Authorities Will Result In Another 2008
Market Collapse Zero Hedge |
New
national debt data: $4.247 Trillion in 945 days L.A. Times
Home
sales approach worst point in half a century Bloomberg
Bloomberg
reveals massive corruption in the private Federal Reserve Madison Ruppert
In
Baltimore, homes for $10,000 — and less Baltimore Sun
Social
Security disability on verge of insolvency
MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows at Barrons.com ugly
data and growing concerns about European sovereign debt. But how far lower
can ETFs tracking key benchmarks slide? MKM Partners’ technical analyst Katie
Stockton sees
a range around $110 a share for the SPDR S&P 500 ETF (SPY )
as the next level of support. That would represent about a 3-4% drop from
current levels. SPY most recently was trading down 4.6% at $114.09 a share. “I
do expect that level ($110) to be re-tested in coming weeks,” Stockton said in
an interview, noting that level had been tested early last week and held. The
problem is that her indicators show that blue chip U.S. stocks still could have
a ways to go. “The market doesn’t appear oversold at this point, so the market
looks like it could go lower,” Stockton said. Perhaps the most important level
for SPY is the February 2010 low of $105 a share, roughly 8% below current
levels. “That level hasn’t been broken on a decisive basis yet,” Stockton
noted. “That’s the number we’re really keeping a close eye on after what’s
taken place today.” Meanwhile, the tech-heavy Nasdaq’s near-term backdrop looks
just as volatile, notes Michael Ashbaugh in his Technical Trader investment
letter . With Thursday’s downturn, the benchmark has knifed straight through
initial support at 2,493 placing it back within August-crash territory. In the
near-term, the veteran technician expects to see modest support at around 2,357
— its August closing low. That’s around 0.6% from where the index’s trading at
now.’
Stocks
Plunge, Gold Surges on Global Concern Aug 18th, 2011 14:30 by News (Bloomberg) — ‘Stocks plunged
while Treasuries rallied, pushing yields to record lows, amid growing signs the
economy is slowing and speculation that European banks lack sufficient capital.
Gold climbed to a record , while oil led commodities lower.
The Standard & Poor’s 500 Index tumbled 4.5 percent to 1,140.74 at 4 p.m.
in New York. The Stoxx Europe 600 Index lost 4.8 percent in its worst plunge
since March 2009 and Germany’s DAX Index slid 5.8 percent, the most since 2008.
Ten-year Treasury yields fell as much as 19 basis points to 1.97 percent as
rates on similar-maturity Canadian and British debt also reached all-time lows.
The dollar gained versus 15 of 16 major peers, strengthening 0.6 percent to
$1.4336 per euro. Gold futures rallied as much as 2.1 percent to $1,832 an
ounce, while oil slid 5.9 percent.’ European
Shares Fall Most Since March 2009 Aug 18th, 2011 12:01 by News (CNBC) — ‘European equities
suffered their biggest daily fall in two and a half years on Thursday, as a
slew of data cast further doubt on the strength of the recovery in the world’s
biggest economy. German shares lost most, with traders citing the effects of a
short-selling ban on financial stocks in other parts of Europe and intensifying
worries about politicians’ lack of a plan to address the euro zone sovereign
debt crisis. The European banking sector, exposed to the euro zone debt crisis,
fell 6.6 percent and is down 29.7 percent this year.’
Jobless
Claims, Inflation Rise More Than Expected CNBC | New U.S. claims for
unemployment benefits rose more than expected last week. Chavez
Nationalizes Venezuela’s Gold Industry, Recalls Hundreds of Tons of Gold Held
Abroad, May Cause a Scramble for Physical Gold From JP Morgan and Others SEC
destroyed crucial probe data: senator AFP World
stock markets plunge as fears of recession intensify guardian.co.uk Don’t
Swallow the FED’s $16 Trillion Suicide Pill Michael McKay GALLUP:
Americans satisfied with ‘the way things are going’ — 11%! Gallup
Stocks:
Mutual Fund Investors Hate Them the Most Since Oct. 2008 at The Wall Street Journal
Rick
Perry on Ben Bernanke: Fed Chairman's Money Printing Policies Are "Almost
Treasonous" at Minyanville The
Loss of Momentum in the Markets All Too Apparent Now Bob Chapman
Venezuela Plans
to Move Reserve Funds Aug 17th, 2011 10:35 by News Venezuela also plans to move 211 tons of gold it
keeps abroad PG
View Chavez
Plans on Nationalizing Gold Industry Fox Business | “I have here the laws
allowing the state to exploit gold and all related activities.”
Putin
sets sights on Eurasian economic union Financial Times | Twenty years after
the Soviet Union collapsed, Vladimir Putin, the Russian prime minister, may
not, as is sometimes alleged, be trying to recreate it.
Putting
The Cart On Top Of The Horse, Or Why Heaping Fiscal “Stimulus” Upon “Stimulus”
Is Suicide For America Zero Hedge | Feeding the government monster is,
contrary to what Krugman and other Keynesians will tell you, in the current
regime of coincident monetary irrigation, an exercise in futility.
Merkel/Sarkozy
press conference: No chance of eurobond anytime soon. No expansion of ESFS.
Move toward common governance.
Financial transaction tax.
Aug 16th, 2011 10:37 by News Germany adds to
eurozone’s woes Aug 16th, 2011 10:13 by News
Stocks
Slip On Concern Over Europe's Debt, U.S. Data
Dell braces investors for a bumpy road 16 Aug 2011 Dell
makes a case on why it can better weather an upcoming storm with more higher
margin businesses...
Ron Paul on Texas Straight Talk: U.S. Government Debt Is
Becoming Worthless
How
Low Will Stocks Go? at
Minyanville MoneyShow.com
Aug 12, 2011 ‘end of the welfare state " on The Independent Agenda.)
Mark
Arbeter, chief technical analyst of Standard & Poor’s, said back in May and
June that the bull market was probably over, as I reported in this column . He hasn’t changed his position.permanently reduce your exposure to equities.GS Editor's Note: This article was written by Howard R. Gold, editor at large
for MoneyShow.com .
Five Reasons for the Stock Market Crash and Zero
Interest Rate 11 Aug 2011 Read more: Five Reasons for the Stock Market Crash and Zero Interest
Rate http://www.moneynews.com/StreetTalk/Stock-Market-Interest-Rate/2011/08/11/id/406976 ‘It’s said that the stock market climbs a
“wall of worry.” Because the stock market is trying to predict the future
success or failures of various companies, it sometimes gets things wrong.
Horribly, terribly wrong.Publisher’s Note: In an exclusive
interview presentation, Aftershock 2012, Robert Wiedemer outlines a dire
financial warning along with a comprehensive blueprint for economic survival.
Over one million Americans have seen the evidence and learned how to weather
the stock market, secure interest rates, and save their
financial future. Watch the video now.
But
investors who understand the reasons behind the latest decline in the stock
market have little to fear. Below are five reasons why the stock market is
crashing right now:Publisher’s Note: Author and esteemed
economist Bob Wiedemer accurately predicted these events more than four years
ago. Over one million Americans have seen the evidence and learned how to
weather the stock market, secure interest
rates, and save their financial future. Watch the video now .
Five Reasons for the Stock Market Crash and Zero Interest
Rate Shocking Poll Results
Stocks
Overbought Already? at The Wall Street
Journal
Are
US Markets Facing the Abyss? [ Short answer: Worse! ] at Minyanville Jeffrey Cooper Aug 15, 2011 ‘
“As soon as the idea of the Deluge had subsided, a hare stopped in
the clover and swaying flowerbells, and said a prayer to the rainbow, through
the spider’s web. house
"Yeah, keep your eyes on the road, your hands
upon the wheel... "Roadhouse Blues (The Doors) Somebody hit her with a chair, you know. I guess there’s no way to
determine who did it. It’s already coagulating. She was just an innocent
bystander. It’s a democracy. ”There are things known and there are things unknown, and in between are the
doors of perception. ”That men do not learn very much from the lessons of history is the most
important of all the lessons that History has to teach. ”Ye shall know the truth, and the truth shall make you mad. ”home financial How Mid-September 2008 Ties To The July 2010 Low And Today ”
from late June, I walked through the setup for a waterfall decline. DJIA http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_SPY_D%20--%20SPDR%20S&P%20500%20TRUST.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/DJIA%201929%20Daily.gif%20final.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_GLD_D%20--%20SPDR%20GOLD%20SHARES.gif ‘
Rickards –
US will revalue gold to $7000 Aug
15th, 2011 15:10 by News August 15 (King World News) — ‘ He (Nixon)
said first of all I am imposing national price controls because there was an
inflation problem in the United States at the time. The second thing he said
was I am putting a 10% surtax of imports on all imported goods coming into the
United States. Then about 10 minutes into the speech, very much en passant, he
said, ‘Oh by the way we are suspending the convertibility of dollars into gold’
and he immediately went into this Nixonian rant about speculators. So it was
very interesting, there were three earth-shaking announcements. Can you imagine
any one of those three things going on today? President Obama or any President
saying he was going to impose nationwide price controls, or all Chinese goods
would have a 10% surcharge. It would be cataclysmic, yet Nixon did both of
those things. Plus (Nixon) took us off the gold standard, so it was quite a
dramatic speech. In a strange way he did us all a favor by making sure we (the
US) held on to the gold. So I do think the United States is in a position to
revalue the currency using gold to that $7,000 level. That will obviously be a
huge benefit to all of the people who invested in gold because they are going
to be along for the ride, along with the United States when that gold goes to
$7,000.” Excerpted from an interview that is available here.
‘
Fed
Pledge Let's You Know The Fix Is In Forbes Peter Schiff
‘ Last week’s wild actions on Wall Street should serve as a stark reminder that
few investors have any clue as to what is really going on beneath the surface
of America’s troubled economy. It did bring startling clarity on at least one
front. In its August policy statement the Federal Reserve took the highly
unusual step of putting a specific time frame for the continuation of its near
zero interest rate policy.
Moving past
the previously uncertain pronouncements that they would “keep interest rates
low for an extended period,” the Fed now tells us that rates will not budge
from rock bottom for at least two years. Although the markets rallied on the
news (at least for a few minutes) in reality the policy will inflict untold
harm on the U.S. economy. The move was so dangerous and misguided that
three members of the Fed’s Open Market Committee actually voted against it.
This level of dissent within the Fed hasn’t been seen for years.
Many
economists have short-sightedly concluded that ultra low interest rates are a
sure fire way to spur economic growth. The easier and cheaper it is to borrow,
they argue, the more likely business and consumers are to spend. And because
spending spurs growth, in their calculation, low rates are always good. But, as
is typical, they have it backwards.
I believe that
ultra-low interest rates are among the biggest impediments currently preventing
genuine economic growth in the US economy. By committing to keep them near zero
for the next two years, the Fed has actually lengthened the time Americans will
now have to wait before a real recovery begins. Low rates are the root cause of
the misallocation of resources that define the modern American economy. As a
direct result, Americans borrow, consume, and speculate too much, while we
save, produce, and invest too little.
It may come as
a shock to some, but just like everything else in a free market, interest rate
levels are best determined by the freely interacting forces of supply and
demand. In the case of interest rates, the determinative factors should be the
supply of savings available to lend and the demand for money by people and
business who want to borrow. Many of the beneficial elements of market
determined rates are explained in my book How an Economy Grows and Why it Crashes
It was bad
enough that the Fed held rates far too low, but at least a fig leaf of
uncertainty kept the most brazen speculators in partial paralysis. But by
specifically telegraphing policy, the Fed has now given cover to the most
parasitic elements of the financial sector to undertake transactions that offer
no economic benefit to the nation. Specifically, it will simply encourage banks
to borrow money at zero percent from the Fed, and then use significant leverage
to buy low yielding treasuries at 2 to 4 percent. The result is a banker’s
dream: guaranteed low risk profit. In other words it will encourage banks to
lend to the government, which already borrows too much, and not lend to private
borrowers, whose activity could actually benefit the economy.
This reckless
policy, designed to facilitate government spending and appease Wall Street
financiers, will continue to starve Main Street of the capital it needs to make
real productivity-enhancing investments. American investment capital will
continue to flow abroad, denying local business the means to expand and hire.
It also destroys interest rates paid to holders of bank savings deposits which
traditionally had been a financial pillar of retirees. In addition, such an
inflationary policy drives real wages lower, robbing Americans of their
purchasing power. The consequence is a dollar in free-fall, dragging down with
it the standard of living of average Americans.
Until interest
rates are allowed to rise to appropriate levels, more resources will be
misallocated, additional jobs will be lost, government spending and deficits
will continue to grow, the dollar will keep falling, consumer prices will keep
rising, and the government will keep blaming our problems on external factors
beyond its control. As the old adage goes, “insanity is doing the same thing
over and over again and expecting different results.” ‘
Peter Schiff
is CEO of Euro Pacific Capital .
Related Posts:
Train
Reading: The Stock Market Is Insane The
Wall Street Journal
‘The stock
market has lost its mind — Bethany McLean in Slate
Are US banks
turning Japanese? — FT Alphaville
How’s that
austerity working out for you, UK? — Econbrowser
Can Jeremy
Grantham profit from ecological mayhem? — NY Times Magazine
Authors and
critics reveal which lit classics they consider overrated — Slate
It’s not so
easy applying Moneyball principles to soccer — WSJ ‘
THE
STOCK MARKET HAS LOST ITS MIND — Bethany McLean in Slate Risk On! Do
the Fed, computer trading, and a few hedge funds rule the market? That might
explain why it's lost its mind. After the madness of last week and the
rollercoaster at the beginning of this week, the stock market recovered from
its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a
row in which the index moved by more than 400 points, which has never happened
before in history. As I write this, stock prices are leveling off, but the big swings
may not be over. Has the market gone mad? Actually, yes. In theory, the
stock market is supposed to reflect the prospects for the economy—the earnings
potential of the stocks that make up the Dow Jones Industrial Average. But
there's more than one reason to believe that what's going on now has little to
do with any rational view of the future, and a lot to do with the market
itself. "Dip your toes into any risk asset right now and understand that
you are not entering into anything remotely resembling a normal market
environment," wrote David Rosenberg, the well-respected former Merrill
Lynch analyst who is now the chief economist at Canadian firm Gluskin Sheff, in
his recent newsletter. "Dysfunctional is more like it."
The first
factor to consider is that the huge rebound in stocks and in all sorts of risk
assets from the spring of 2009 until May of this year wasn't necessarily driven
by a belief that better times were coming. It was driven by a belief that
investors had to buy riskier assets given the Fed's determination to hold
interest rates near zero. Because investors can't get a return in
"safe" assets—indeed, a small return will get chewed up by
inflation—they are driven to riskier assets. As more investors pile in,
everyone is driven further out along the risk curve.
This is what
traders call "risk on." What they mean is that you'll be rewarded for
buying risk, regardless of reality. The Fed's second round of quantitative
easing ("QE2"), in which it bought $600 billion of Treasuries in
order to keep interest rates low, encouraged this investment strategy. "We
had a nice two-year rally in risk assets and something close to an economic
recovery, but as we had warned, it was built on sticks and straw, not
bricks," wrote Rosenberg. "This isn't much different than the
financial engineering in the 2002-07 cycle that gave off the appearance of
prosperity."
The Fed intended this to end happily. The fake
wealth created by a soaring market was supposed to turn into real wealth,
because rich people, who control much of the economy and who have much of their
money in the market, were supposed to spend more. But it hasn't worked, partly
because of problems in the rest of the world—the tsunami in Japan, the
financial crisis that's brewing in Europe—and partly because our own economy is
too deep in hock to achieve the necessary stimulus. As Howard Marks, the
chairman of Oaktree Capital Management, put it in his recent letter ,
"The world has awakened to the undesirability of ever-growing government
debt."
You can think
of the Fed's medicine as a painkiller. It allows everyone to pretend that bad
stuff isn't happening, until something shatters the illusion and the
comfortable numbness abruptly gives way to panic. There's massive selling. Then
the Fed reassures everyone that its toolbox isn't empty just yet—witness the
big upturn on Aug. 9 after the Fed said it would likely hold rates near zero until mid-2013 (a
worthless prediction if inflation surges)—and the market soars. Risk on!
It's hard to
develop any real conviction about the direction of the market when so much
depends on the actions of the Federal Reserve. That's especially true because
even the members of the Federal Reserve Open Market Committee aren't all in
agreement. Three members voted against the Fed's Aug. 9 announcement.
Complicating matters is that the short term direction of the real economy is
also at the mercy of the government. The key line in this Wall Street Journal story
Another
possible factor in the madness is forced selling by big hedge funds. There are rumors that funds are getting hit by margin calls, or that
funds that are having a bad year are getting redemption requests from
investors, thereby forcing them to sell. Most of the gossip has focused on John
Paulson (the hedge fund manager who famously made his fortune by shorting
securities backed by subprime mortgages), given the big positions he was known
to have in stocks that have gotten trashed. But if Paulson is hurting, he's
probably not alone. "No way big guys could have gotten out," one
trader tells me via email. "Big hedge funds with all the same big
positions. This move down happened so fast that they are trapped." If this
theory is right, then sudden rallies like Thursday's upturn will be followed by
more selling, as hedge funds take advantage of the ability to get out.
The last
explanation I've heard is that most of the buying and selling hasn't been
driven by real people, but rather by computers. Hello, HAL 9000 !
In the last five years, computer-driven trading, whether controversial
high-frequency trading or just programs that buy baskets of stocks based on
technical figures, has become a bigger and bigger part of the market. Depending
on how you define it, sources tell me it constitutes 70 percent to 90 percent
of trading now. "The human element is gone," one trader tells me. At
least some people believe that the presence of computers exacerbates the big
moves up and down. According to this
paper by X. Frank Zhang, an associate professor of accounting at the Yale
School of Management, "high frequency trading is positively correlated
with stock price volatility." Zhang goes on to say that the "positive
correlation is stronger among the top 3,000 stocks in market capitalization and
among stocks with high institutional holdings. The positive correlation is also
stronger during periods of high market uncertainty." Zhang's academic work
is supported by the observations of those who have been in the market for a
long time. "I suspect that the real culprits here are the computers Wall
Street has programmed and unleashed to trade and manage portfolios," wrote
John Bollinger, who has been publishing his Capital Growth
Letter for more than two
decades. "The sort of mindless selling that we are seeing is most likely
the result of machines trading and human beings desperately trying to keep up
with them."
Should you
buy? Should you sell? No one knows. The world is always an uncertain place, but
right now it's more uncertain than usual, whether about the ultimate resolution
of Europe's crisis or about how the U.S. will reduce its debt and get the
economy growing again. Or perhaps I should say reduce its debt or get the economy growing, since it's unlikely to
achieve both at the same time. This inability to guess what the future holds
means that madness rules.’
Withdrawals
From Stock Funds Biggest Since ’08
Aug 12th, 2011 15:32 by News and gold
U.S.
Consumer Confidence Drops to Three-Decade Low Amid Economic Headwinds Aug
12th, 2011 13:10 by News lowest level since May 1980
Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.
The doctors
(IMF, European finance ministers, the ECB, etc.) are running around trying to
save it. Open heart surgery (loans guaranteed by others) has averted the
immediate crisis, but Greece is just as overweight today as it was before the
crisis. Attempts to lose weight through exercise (austerity measures) cause
serious chest pains (riots). The doctors don’t want to admit it, but all signs
point to a heart transplant (default) as the only way to get Greece onto its
feet again.
Greece isn’t
the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain and a
host of other countries are having chest pains. Iceland is feeling better now
with its freshly transplanted heart. The American home owner is still in the
hospital from his financial heart attack after gobbling up vast quantities of
real estate, and it has been many decades since Uncle Sam last could see his
toes.
By most
accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP.
This is not
really a fair comparison, because it leaves out any hidden liabilities Greece
may have. The US debt figure includes unfunded entitlements, state and local
debt, and underfunded public pensions. Nevertheless, it is clear that this is
an unsustainable debt load even if the estimates turn out to be off by a factor
of two or four.
Uncle Sam is
already more overweight than Greece ever was. If he doesn’t change his ways, he
will end up in the hospital like Greece, but at present he is partying like
there is no tomorrow, gorging himself on entitlement spending, costly wars,
bailouts, subsidies, and countless other delicacies.
Perhaps it
would not be such a bad thing if the talks about raising the debt limit failed.
After Uncle Sam suffers the resulting self-inflicted mild heart attack
(temporary default) and finds out how much fun it is to fetch up in the
emergency room, he might be more inclined to take care of himself, slim down,
and stick with an exercise regime.
Some kind of a
wakeup call is necessary while there is still time to deal with our debt
problem. The only way to address it is for Washington to do its job: get everybody
to recognize that there is a problem, find a solution that demands some
sacrifices from everyone, and work together across party lines to implement it.
In the current political environment that does not seem to be possible.
Something needs to change the environment. Greece shows that the alternative is
not pretty.’
Corporate
Earnings Soar Amidst a Dismal Job Market Wall St. Cheat Sheet [That game’s about to end! In fact, that game’s
over! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- ]
Standing on the precipice – and ready to jump July 21st, 2011 News LET US NOT MINCE WORDS
HERE . THIS WOULD BE A DEFAULT, THE
FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A GENERATION I am not quite sure
how it is possible for the European Central Bank to agree to this, or to all of
this. But I will surely be intrigued to hear how Jean-Claude Trichet will
manage to be consistent with what he said a few days ago. There are also
reports that the eurozone leaders may accept a more flexible EFSF beyond those
bond purchases.’
State
Finances Are Worse Than You Think at
Forbes
So
Far, Market Ignoring Dire Warnings at
Minyanville
The
Greater Depression Is Upon Us by David
Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase
“Greater Depression” was coined by Doug Casey a decade or so back as a way of
describing the economic crisis he foresaw as inevitable, and which is now
materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly
pushing our analysts to revisit their assumptions and calculations, it is my
firm intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
THE EUROZONE IS GROWING INCREASINGLY DESPERATE . Watching the heads of Europe dither and debate
over further bailouts to the unhappy Greeks and other troubled PIIGS –
before ultimately reaching back into the pockets of the equally unhappy
citizens in Germany and the decreasing number of still-functioning
economies in the eurozone – reminds me of a down-on-his-luck blackjack
player. He’s mortgaged his home to play the game but is now down to his
last chips. He doesn’t want to risk his remaining resources but has no
choice, because to walk away now will mean taking up residence in a
cardboard box. And so, reluctantly, he shoves across another pile. The
problem is that the game is rigged – and not in his favor. As the PIIGS
start to default and either leave the eurozone entirely or are shunted off
into some sort of sidecar organization, there will be great volatility in
the euro and in the European markets. THE U.S. DEBT SITUATION IS FAR WORSE THAN ANYONE
IN WASHINGTON IS WILLING TO ADMIT. We keep hearing calls for more, not less debt
creation. But if people would stop kidding themselves and tally up all the
many demands the U.S. government has against it, the actual debt-to-GDP
ratio rises to something on the order of 400% – and even that is likely
understating things. The fundamental flaws in the U.S. monetary system –
flaws that have given license to the bureaucrats to smash the limousine of
state straight into a wall – have required a remaking every 20 to 30 years
or so. The problem is that there is pretty much nothing else that can be
done to save the status quo at this point, and so the monetary system is
likely to collapse. That means big changes ahead, including – or perhaps
starting with – a poisonous ratcheting up of interest rates. CHINA’S MIRACLE MIRAGE. While having aspects of a free market, the hard
truth is that China is run as a command economy by a cadre of communist
holdovers. This is apparent in the cities that have been built for no
purpose other than creating jobs and boosting GDP. It is also apparent in
the growing inflation in China – the inevitable knock-on of the government’s
decision to yank on the levers of money creation harder than any other
nation at the onset of the Greater Depression. Meanwhile, signs of social
unrest crop up here and there. Though so far they have been swiftly put
down, there is no question that the ruling elite has to walk a very fine
line. If the Chinese economy stumbles seriously, all bets are off. That we
are talking about the world’s second-largest economy means this is not of
small consequence. JAPAN IS ESSENTIALLY OFFLINE. Reports from friends in Japan – including one
who was initially skeptical about the scale of the problems at Fukushima –
have now changed in tone by 180 degrees. You can almost feel the growing
sense of desperation as the already massively indebted nation begins to slide
toward an abyss. There is little standing in the way of the world’s
third-largest economy’s slide. THE MIDDLE EAST IS IN FLAMES. This, too, is far from settled. As usual, the
U.S. government has been hopping here and there in an attempt to maintain
its influence, but at this point pretty much everything is up for grabs.
The odds of the U.S. retaining the same level of influence in the region
that it has enjoyed over the last century are slim to none, especially now
that even the Saudis are shipping more of their oil to China than to the
U.S. Again, big changes are ahead…’
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%, and now up 7.73% – through
12/10/07 – so far in this latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
Deficit Ceiling
and Stocks - Expect the Unexpected ETFguide
July 19, 2011, ‘ A
number of cliches come to mind when talking about the U.S. debt situation. The
most appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if you
think the U.S. will default on some of its obligations anytime soon, you don't
have enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc.
- Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011 federal
budget is $3.7 trillion with a projected deficit of$1.6 trillion. But there's
no reason to despair, just before April 15,Congressional leaders were able to
agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate
Majority Leader Harry Reid hailed this heroic effort as a 'historic' level of
cuts. To quantify just how 'historic' that effort was we'll put it in
percentage terms -1%. The cut amounted to only 1% of the 2011 budget.
Apparently it wasn't enough. Thanks to extend and pretend we've arrived at the
next deadline.
Stocks
Applaud ... and Decline
Keep in mind
that back in mid-April when the 'historic' $39 billion cut was hammered out,
the S&P was at about 1,300. Following the 'resolution' of the budget
problem stocks rallied about 5%.
The April 3
ETF Profit Strategy Newsletter featured the chart below (due to size
restrictions the chart had to be reduced). As per the chart and accompanying
analysis, the Newsletter expected a rally to the next Fibonacci resistance at
1,369, followed by a bounce off the Fibonacci support at either 1,229 or 1,255
and an attempt to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook
was based purely on technical analysis with no regard for the deficit problem
or European debt woes (we'll take a look at an updated technical forecast in a
moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259,
and tried to take out the previous high (the S&P rallied as high as 1,356
on July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think
the Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The
Deficit and Stocks
When President
Obama took office in January 2009, the federal debt was 70% of GDP or $10
trillion. Today the deficit is close to 100% of GDP at $14.3 trillion. As
per a recent AP report, President Obama had to scroll down his demands and
would now be content with a $2.4 trillion debt ceiling increase to make it last
beyond the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the
way, is why the pre-election year of the Presidential election year cycles has
seen gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback
of the deficit situation is that there is no easy way out. The government has
to either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your
poison. Either choice will kill the economy. Of course, you can extend and
pretend, which is probably what will end up happening. No matter how much lip
stick you have at your disposal, a pig remains a pig. The deficit is a big
(red) pig.
What is worse,
a $14.3 trillion deficit today, or a $16+ trillion deficit (according to
Obama's wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just
go away, it gets worse (ask Greece, Ireland, Portugal or any of the other
PIIGS).
Eliminate
Variables
Using European
(NYSEArca: VGK - News ) debt troubles as a benchmark,
there hasn't been a direct correlation between U.S. stocks and European debt.
To generalize this even further, there hasn't been a real correlation between
the U.S. deficit issue and U.S. stocks.
It was in June
2009 that Greece admitted to having a 'small' problem. Stocks rallied
throughout the remainder of 2009, most of 2010 and some in 2011. The same is
true for the MSCI EAFE ETF (NYSEArca: EFA - News ) and Emerging Market ETF
(NYSEArca: EEM - News ).
Admittedly,
the U.S. is a much bigger problem than the PIGGS, but the principal remains the
same - basing investment decisions on the outcome of debt negotiations is
tricky because the market has a mind of its own.
Since early
2010, every single time the major indexes a la S&P (SNP: ^GSPC), Dow (DJI:
^DJI), and Nasdaq (Nasdaq: ^IXIC) sold off more than a few percent, it's been
blamed on Greece. What many don't consider is that the market was helplessly
overbought in January, and April 2010 and 2011 and due for a correction anyway.
It seems like Greece has been a scapegoat more often than the actual cause.
Perhaps it's a game of chicken and the egg. Which came first?
No
Chicken-Egg Game
It has been
more beneficial and profitable to rely on solid technical analysis rather than
playing the chicken and egg game.
Technical
analysis along with sentiment readings pegged a market bottom of the same
degree at S&P 1,259 - 1,245. That was the opinion of the ETF Profit
Strategy Newsletter on June 15 (one day before the 1,258 bottom):
'The 200-day
SMA at 1,257 is sandwiched between the 1,255 Fibonacci projection level dating
back to 2002 and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If
this low is not enough, there is a strong cluster of support at 1,259 - 1,245.
A drop into the 1,259 - 1,245 range would prompt us to close out short
positions and leg into long positions' (long positions were closed out at
S&P 1,345 on July 7).
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I see
all the “canaries in the mine,” which warned of the 2008 crisis. My just
released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Bert Dohmen is editor of the Wellington
Letter
3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet July 25, 2011, The global economy and stock markets took
a nose dive in 2008. But that hasn’t stopped some of the biggest masterminds
from escaping a day of luxury.
Here are three
financial crooks who are probably sipping daiquiris in Capri at our expense:
Lehman
Brothers CEO Richard S. Fuld, Jr.
Few executives
were as intimately and extensively involved in the downfall of their firms as Dick
Fuld . At the time of the financial collapse, Fuld had worked for Lehman
Brothers for nearly 40 years, and had been the firm’s chief executive since 1994.
In that role, not only was he the longest-tenured CEO on Wall Street at the
time of the financial crisis, but he was considered one of the best. He was
named Institutional Investor magazine’s top chief executive in the private sector
in 2006. The following year, he was paid more than $21 million in cash and
stock on top of his base salary of $750,000 a year after the bank’s net profit rose 5% to a record $4.2 billion. And as
recently as March 2008, Barron’s listed him on their list of the 30 best CEOs,
referring to him as “Mr. Wall Street”.
When the
financial crisis hit, Fuld was one of the few executives to hold onto his
position. He counted himself responsible for the company, but didn’t realize
just how much real estate loans and other toxic assets were weighing on his
balance sheet. Instead, he remained confident in the firm that he helped grow
from a negative profit in 1993. His hubris can somewhat be understood, given
the firm hadn’t reported a single quarterly loss since it went public. But Fuld
was wrong. He overestimated the value of his firm, rejecting offers that could
have saved it from collapse because they didn’t adequately reflect what he felt
the firm was worth.
We know that
sub-prime mortgages were almost solely responsible for the financial crisis,
and a large part of the Wall Street’s fourth-largest investment bank’s worth
was held in its mortgage business, where mortgages were re-packaged and sold to
other investors, often for more than they were really worth. In fact, Lehman
was the top U.S. underwriter of mortgage bonds in 2006 and 2007, accounting for
roughly 10% of the market. As CEO, Fuld was responsible for buying those
assets, which ultimately became toxic and impossible to unload. But whether or
not Fuld can be held wholly responsible for the firm’s loan practices, he can
be held responsible for the firm’s bankruptcy. As late as August 2008, after
many CEOs had already been forced to resign, he rejected an offer by state-run
Korea Development Bank to buy a 25% stake in Lehman for $4 billion to $6
billion.
There’s no
question that the firm Fuld helped build, that he’d been a part of since 1969,
where he held the top position for 14 years, was criminally responsible for the
financial crisis. In fact, it may be the most culpable, given the sheer volume of sub-prime
mortgages underwritten by Lehman in the years leading up to the market
collapse. On September 15, Lehman became the largest firm to file for bankruptcy in history, dealing a devastating blow to an
already fragile financial system. A few weeks later, Fuld was summoned to appear before Congress as part of an inquisition. He was
also investigated by three United States Attorneys offices in New York and New
Jersey. But ultimately Fuld walked away from Lehman Brothers having pocketed
nearly $500 million just in his last six years with the firm, years during
which Lehman’s sub-prime mortgage practice was contributing to what would
ultimately cost taxpayers $700 billion in a government-issued bank bailout
program. Fuld was never charged with or convicted of any crimes.
AIG
Financial Products CEO Joseph J. Cassano
As a founding
member and head of AIG Financial Products, Joe
Cassano was responsible for selling hundreds of billions of dollars worth
of credit protection in the form of credit-default swaps (CDS) on U.S.
sub-prime mortgages, a form of insurance that didn’t require that AIG put down
any form of collateral. So when the financial crisis hit in 2008 and investment
banks requested the insurance money for their collapsing derivatives, AIG was
unable to pay what was owed and ultimately had to be bailed out by the
government, receiving about $170 billion in taxpayer money.
Cassano
resigned from his position at AIG FP in March 2008, having pocketed $280
million in cash and an additional $34 in bonuses. He even managed a $1
million-a-month retirement package that kept him on at AIG as a “consultant”.
Cassano even went on record denying any fault on the part of AIG, saying,
“We believed
until late 2005 that banks and other mortgage originators were applying
appropriate standards when writing mortgages. When we recognized — well before
many others — that changes in the mortgage market likely presented increased
risk for future deals, we decided to exit the subprime business. We thought the
decision was appropriate, despite the lost profits at the time. With hindsight,
the decision looks even more prudent.”
Cassano went
so far as to blame the bailout for losses on CDS contracts, saying there would
have been few, if any, had they not been unwound by the bailout. Testifying
before the Financial Crisis Inquiry Commission, Cassano fully defended his
firm’s CDS practices, outlining the careful approval and monitoring system
that, “specifically identified risk factors and provided an analysis of those
risks.” Cassano insisted that AIG had not miscalculated the risks of sub-prime
mortgages.
However,
Cassano was directly responsible for AIG’s credit-default swaps program that
put the firm’s many clients, including Goldman Sachs , in danger when it was unable to
pay out on insurance claims. He essentially sold billions of dollars worth of
vapor — he failed to provide what had been paid for by the firm’s clients. That
sounds remarkably like fraud, the grounds upon which many investors have filed
suit against Cassano. In fact, regulators in both the U.S. and the U.K.
investigated Cassano’s acts to determine whether they had been criminal. But
like just about every executive responsible for the financial crisis, Cassano
was not ultimately charged with any wrongdoing, and remains a free man.
Countrywide
Financial Chairman and CEO Angelo Mozilo
Ranked second
by Condé Nast Portfolio on their list of the “Worst American CEOs of All Time”, Angelo
Mozilo was charged in 2009 of insider trading and securities fraud by the
U.S. Securities and Exchange Commission. Mozilo personally sold hundreds of
millions of dollars in stock while using shareholder funds to buy back stock to
support the share price. He is also responsible for what has been termed the “Friends of Angelo ” VIP program under which several
influential lawmakers, including Senate Banking Committee Chairman Christopher
Dodd, as well as many Fannie Mae employees and other “Friends of Angelo”,
received discounted mortgages.
However,
Mozilo was allowed to settle with the SEC on all charges. He agreed to pay $67.5 million in fines , the most ever exacted from an
individual in connection with the 2008 financial crisis, and he was banned from
ever serving as an officer or director of any other public company. Robert Khuzami , director of the SEC’s Division of
Enforcement, said that “Mozilo’s record penalty is the fitting outcome for a
corporate executive who deliberately disregarded his duties to investors by
concealing what he saw from inside the executive suite.” But in settling,
Mozilo was able to avoid a trial and any subsequent criminal charges, and was
not required to acknowledge any wrongdoing.
Mozilo’s net
worth has been estimated at roughly $600 million. And because of the
indemnification agreement in his contract with Countrywide, the firm was
responsible for paying roughly one-third of his fines, leaving Mozilo with a
bill of $47.5 million — that’s less than 10% of his worth. Aside from Bernie
Madoff , the only executive tied to the financial crisis to be criminally
prosecuted and convicted, Mozilo’s settlement is the greatest punishment
inflicted on any executive responsible for the country’s economic collapse, and
falls desperately short of true justice.’
Debt,
Deficits and the Demise of the American Economy' - Author Peter Tanous
Discusses Risk
US
Equities Forecast and the Anticipated Path of the Market at Minyanville Peter Prudden July 25, 2011 ‘… the headline
risk remains to the downside and the bogey to lower equity prices in the short
to intermediate term is concentrated on the U.S. Debt ceiling. At some point,
not only must all developed economies deal with marking down to the level of
income, but we must restructure large amounts of excess leverage. Until we accomplish
this, growth will be problematic…’
Putin says
U.S. is "parasite" on global economy perma wars,
over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in securities
and otherwise, etc.. ]
3 Reasons Why This Summer Could Get Ugly Simon Maierhofer, July 29, 2011 [
Well, before getting to the article, we all know why: because … ‘Sell in May,
and go away!’ … Quite simple, as previously set forth here and elsewhere, you
should have ‘sold in May, and went away!’ Why? Because … as Rosanne Rosanna Danna formerly of SNL fame and as
her mama always used to say, ‘it’s always somethin’’ … but unfortunately, that
somethin’ is not necessarily what they say it is. ] ‘ It seems
like the European Union and U.S. government are stuck in a never ending game of
Whac-A-Mole. It seems like more moles are popping up more quickly, needing more
force to be subdued (ironically the moles come back just as the problems do)…’
Mapping
the Myths of the U.S. Economy - Stacy
Curtin ‘In The Real State of America
Atlas: Mapping the Myths and Truths of the United States , authors Cynthia Enloe and Joni Seager paint a vivid
picture of life in the U.S., using a series of charts, graphics and short
essays that cover almost every aspect of the nation's economy and society as a
whole.
Not only do
they give state-by-state comparisons, they show how the U.S. measures up to the
rest of the world in areas such as health care, housing and defense. But while
analyzing what it's really like to live in the U.S. today, they also uncovered
a few "myths and truths" as the title of the book suggests.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America is we are a nation of
homeowners, and homeownership has long been seen as kind of the bedrock of the
American dream," says Seager. "I think the current economic crisis
and the housing crisis is really shaking that American cherished view of ourselves
as having easy access to homeownership."
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See: Why
I Am Never Going to Own a Home Again )
{ Home
ownership hits lowest level since 1965 NEW YORK
(CNNMoney) Les Christie August 5, 2011 As the
foreclosure crisis continues to wreak havoc on the housing market, a source of
national pride has taken a sour turn. Home ownership is on the decline and,
according to a recent Morgan Stanley report…’ }
#2 Land
of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America.
The cost of a college education continues to
rise year after year.
The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers -- those
who are currently working part-time but would like full-time work -- and
discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land of Givers
While the U.S. does give more money in foreign aid
than any other country in the world, as a percentage of GDP it falls way behind
many other nations.
Whereas Sweden gives almost 1% of its GDP in 2008,
the U.S. gave 0.19%.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
Debt
Deal Is A Blank Check at Forbes
U.S.
Economic Pessimism Grows - Stacy
Curtin ‘While Democrats
and Republicans were arguing over how to prevent the U.S. from a default,
families across the country have become increasingly concerned about the
overall state of the economy, according to the American Enterprise
Institute's latest compilation of recent polls taken in various regions.
Friday's worse
than expected GDP numbers only reaffirm this notion. The U.S. economy grew less
than expected in the second quarter at 1.3%, but the bigger shock came after Q1
GDP was revised down to 0.4% from 1.9%. These numbers suggest the country could
be headed for another recession and Americans are definitely feeling the pain.
(See: 2011
Is Proving to Be a Horrible Year For the Economy )
One of the
most disconcerting findings in the AEI report is a CBS/New York Times poll from
June. It showed that over the last year, more Americans have come to believe
the current economic downturn is part of a long-term permanent decline and that
the economy will never fully recover. In October 2010, 28% of respondents
agreed with that statement, versus 39% last month.
"Americans
are so pessimistic about the economy now ... . And the level of public
pessimism is actually higher than the deep 1981-82 recession overall," due
to grim personal outlooks on a number of issues like jobs, retirement and
health care, says Karlyn Bowman , a
senior fellow at AEI who co-authored the report. "Their negative
sentiments are affecting the way they feel about their family's future, and
interestingly, the way they feel about their state governments. Usually
negative attitudes about the national government don't seep into attitudes
about the state government, but this time it is really different. This
negative, gloomy mood is pervasive.
Speaker of the
House John Boehner echoed these concerns Thursday before one of the many failed
House votes to raise the country's debt ceiling. "This is a challenging
time for our country," he said. "Americans are worried about their
jobs. They're worried about our economy. And they're worried about our
debt."
Since the
polls in the report were conducted before the debt-ceiling debate really began
heating up over the last few weeks, one might conclude that if the same
questions were asked today the responses would be even more pessimistic.
Here are other
key findings from the AEI report:
Job
anxiety : In the past six
months, about 5% of Americans surveyed had lost their job, two in 10 said a
family member had lost a job, and six in 10 knew someone who lost a job.
In June 2011,
58 percent were very or somewhat worried they could lose a job in the next 12
months. Nearly eight in 10 say jobs are difficult to find where they live.
Around a quarter are worried about benefit or pay cuts.
Cutting
back: Americans are cutting
back on everything from health care to haircuts. Fewer than four in 10 say
their personal financial situation is in excellent or good shape right now.
Almost as many people say they are falling behind as believe they are getting
ahead, but the vast majority describe their financial situation as having just
enough money to maintain their standard of living. Inflation worries are high
and steady.
Retirement: There's been a dramatic drop in the number of
Americans who say they have enough money to retire. In 2002, around six in 10
believed they would have enough money. In the latest survey by Gallup in April,
only about four in 10 say they will.’
10
Reasons We Are Heading for a Recession
USAGOLD
RoundTable: Debt Ceiling “Resolution” – EU Sovereign Debt Crisis Aug 3rd,
2011 15:53 by News
We’re pleased to present our latest
RoundTable video discussion with our staff experts George Cooper, Peter Grant
and Jonathan Kosares {Immediate access here } Excerpt: Now that the debt ceiling debate is over, and the dust is settling, the
market is beginning to get a picture of what, if anything, was accomplished,
and can be expected moving forward. The $2 trillion in cuts over ten years
amounts to a small dent in our annual deficit, suggesting that the U.S. will continue
to increase its debt to GDP ratio over the coming decade. The cuts suggested
will merely slow, not reverse, this trend. In the end, this debt deal is
nothing more than a giant kick of the can down the road, and a short road at
that. The hike to the debt ceiling looks to only buy about six months, so this
issue is set to be revisited next year. The market has digested this
“resolution” as such, and gold has responded sharply higher, rising $60 in two
days. The DOW meanwhile has come under significant pressure, shedding over 800
points in a week. Things across the pond are not looking any better. The credit
facility set up by the ECB is insufficient at best, and contagion remains an
enormous risk. Spreads on sovereign debt in Italy, Spain, Greece, Portugal and
Ireland are at or near all time highs. As talks of dramatically expanding the
credit facility heat up, we’re left to wonder if its even possible for Europe
to “go big enough” to calm market jitters. With Peter Grant, George Cooper, and
Jonathan Kosares. (24 min) The Daily Market Report
Aug 1st, 2011 12:01 by PG Relief?
What Relief? http://www.usagold.com/cpmforum
If this deal
makes it through both Houses of Congress and is signed by the President, it is
just another kick of the can — and a very short one at that — down the road.
And with the specter of yet another round of quantitative easing hanging over
the market, there is little incentive to buy dollars. Now the BoJ is once again
contemplating direct intervention in the market, as I suspect the SNB is. If there
are concerted efforts to slow the rise of these currencies, it may make gold an
even more alluring option.’
S&P
downgrades US credit rating from AAA The United States has lost its sterling credit rating
from Standard & Poor's.
S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet August 5, 2011,
‘Standard
& Poor’s is out with an official
downgrade of the U.S. credit rating :
• We have
lowered our long-term sovereign credit rating on the United States of America
to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.
• We have also
removed both the short- and long-term ratings from CreditWatch negative.
• The
downgrade reflects our opinion that the fiscal consolidation plan that Congress
and the Administration recently agreed to falls short of what, in our view,
would be necessary to stabilize the government’s medium-term debt dynamics.
• More
broadly, the downgrade reflects our view that the effectiveness, stability, and
predictability of American policymaking and political institutions have
weakened at a time of ongoing fiscal and economic challenges to a degree more
than we envisioned when we assigned a negative outlook to the rating on April 18,
2011.
• Since then,
we have changed our view of the difficulties in bridging the gulf between the
political parties over fiscal policy, which makes us pessimistic about the
capacity of Congress and the Administration to be able to leverage their
agreement this week into a broader fiscal consolidation plan that stabilizes
the government’s debt dynamics any time soon.
• The outlook
on the long-term rating is negative. We could lower the long-term rating to
‘AA’ within the next two years if we see that less reduction in spending than
agreed to, higher interest rates, or new fiscal pressures during the period
result in a higher general government debt trajectory than we currently assume
in our base case.
Investing
Insights: Is
the Debt Ceiling Raise Bullish for Gold? ’
13
Reasons Why The U.S. Is Now OFFICIALLY BANKRUPT Daily Bail ATTENTION IDIOTS IN
THE MAINSTREAM MEDIA – Stop The Budget Lies – There Are NO Cuts – House Passes
Bill To INCREASE Spending By $7 Trillion Over The Next 10 Years
Lies,
Damn Lies And Government Budgets
I am so pissed
off by
the misreporting I could spit Ken Lewis hairballs.
#1) Corporate
journalists and financial pundits know NOTHING about budgets.
#2) The
Boehner led House passed legislation this evening that INCREASES
spending by $7 TRILLION over the next ten years versus a baseline budget
that would have increased spending by $9.5 TRILLION over the same period.
#3) CBO
said today that LESS than 2% of the decrease in the GROWTH of spending will
come before the 2012 elections. The remainder come after the election.
#4) Defense
and war machine spending will
grow at 3% per year instead of 4% per year.
#5) This was
nothing but an agreement to agree at a later date to look for reductions in
planned spending GROWTH.
#6) A Super Congress
will decide on a mix of tax increases and reductions in planned spending growth
to meet the targets at a later date.
#7) No
one in Congress even considered Ron Paul’s simple plan, now endorsed by Time
Magazine as well as liberal economist Dean Baker, to wipe out $1.6 trillion in
fake debt owned by the Federal Reserve. Debt that we owe to ourselves, that is entirely legal to wipe away.
#8.) CBO says under this plan, the national debt will
INCREASE from $14.4 TRILLION currently to more than $25 TRILLION over the next
10 years.
#9) The assumption for #8 above assumes the economy
grows at 3% per year over the next 10 years, and that Treasury interest rates
stay at historic lows. When rates increase, and bet your life that they will,
interest on the debt will increase and so will annual deficits, leading to a
national debt much higher
#10) Regarding Treasury rates and interest on the
debt, get educated about a concept called ‘DURATION RISK.’ Turbo Geithner and
his MENSA bed-fellows at Treasury have chosen to finance the great majority of
recent and future borrowing in short-term bills, which means that they have to
be rolled over frequently. This is perhaps the least-discussed and most
dangerous issue related to Treasury debt.
#11) If
S&P or Moody’s has the sack to downgrade the U.S. AAA rating, a Sovereign
CDS default will be triggered and Global Financial Armageddon will be
unleashed.
#12) The bill passed by Boehner tonight was the BEST
they could do after 6 weeks of fighting.
#13) Due to #12, the United States is officially
f*cked.
Thank you and good night.’
US
Closer to ‘Junk Bond’ Status Than Triple-A: Bove Aug 9th, 2011 14:41 by News “You’ve got a company which is losing about
$1.4 trillion this year, probably will lose somewhere around a trillion dollars
over the next couple of years. It owes $14.4 trillion (and) over the next five
years that will get up to $20 trillion,” the Rochdale Securities analyst
said.“So there’s no likelihood whatsoever that this particular company is able
to pay down from its own resources the amount of debt that it has, nor is there
any likelihood that it’s going to get rid of its deficit,” he added. “If that
was a real company, of course, that would be a junk bond.”“I still would expect
to see a thousand-point down day at some point in this market as people come to
realize there has been a complete change in the financial structure of the
world,” he said’
If
U.S. Slides Into Recession, S&P 500 Could Drop To 830 at Forbes [The pervasively corrupt, defacto bankrupt
u.s. is already in recession (actually worse)!
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude
To Meltdown , Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ]
3
Ring Circus: Geithner, Buffett, and Obama Wall St. Cheat Sheet ‘…
Izabella Kaminska
Thought the current turmoil was down to the downgrade
of US debt? Wrong!
According to Societe Generale’s uber bear, Albert
Edwards, this has absolutely nothing to do with S&P, the White House, Tea
Party etc. It’s the economy stupid:
The simple
fact is that the global economy is falling back into recession or indeed is
already in recession. Equity
markets were sliding before the downgrade and bond yields were reacting as one
would have expected to the dire economic data. The S&P downgrade may have
caused the breach of critical support levels of 1250 on the S&P, but anything
could have caused that breach and triggered the technical rout. Expect some
sort of retest of this neckline before the market ultimately meets its date
with destiny.
Recent US GDP
revisions revealed QE2 to be an abject failure as far as producing an economic
recovery is concerned with dire 0.9% annualised growth reported in H1 2011. Yet
to a man with a hammer, everything is a nail. Hence despite rising core
inflation, there is certainly a level of economic and/or market pain to prompt
QE3. But expect the real fireworks to occur when the adrenalin rush of QE3
wears off even quicker than QE2.
There are still
some diehard ‘happy clappies’ out there who think we are going to avert
recession and the markets will recover.
Yet US GDP growth has now fallen below the wellknown 2% stall speed, below
which the economy does not seem to be able to regain altitude but instead
crashes directly into recession.
Which means it’s time to come to terms with the fact
that recession 2.0 (or was it ever really a recovery?) is on its way whether
you like it or not:
At the current (Q2)
rate of 1.6% yoy GDP growth, my fellow bear (realist?), David Rosenberg at
Gluskin Sheff, points out in the chart below that a US recession is almost
certainly a done deal (never say certain, as in 1956, when recession was
temporarily averted for all of nine months). But with this sort of record the onus is now on the optimists to
demonstrate why on earth they still believe in a second-half recovery and
growth in 2012.
Now, anyone who bought into the dulcet tones of the
bullish brigrade is likely to do very badly. A fact which will come as hubris.
In Edwards’ opinion if you were dumb enough to listen to that story, well… you
reap what you sow:
And in the same way
that a country is said to get the government it deserves, I believe the market
gets the macro commentators it deserves: i.e. perpetually bullish analysts,
taking no personal risk with their never-ending consensus chatter.
After all it was always pretty obvious what was going
to happen.
It was just a question of when, rather than if:
Put into its proper
Ice Age context, the events of the past decade are entirely explicable. As we
see a short-lived economic recovery failing only two years into the cycle and a
plunge back into recession, we remind investors that this was exactly the Ice
Age template that Japan showed us. A fragile recovery undermined by private
sector deleveraging collapses as a semi-bankrupt government tries to rein in
runaway deficits.
What next? Well, it’s Ice Age 3.
Here’s how it goes and this is very much of the
moment (especially if you are a London resident):
We are now entering
the third phase of the Ice Age when another cyclical failure combines with a
secular de-rating of equities and re-rating of government bonds. I and many
others have been pointing out for a long time now the simple fact that the
global economy has been living way beyond its means for years. A massive transfer of income to the very rich has
occurred while middle class real incomes stagnated. The middle classes only
tolerated this because Central Bankers created housing booms to keep the
impoverished middle classes borrowing and spending to give them the illusion of
prosperity and stop them from revolting.
I believe the Fed
and Bank of England, in particular, were wholly complicit in this
‘daylight robbery’ (see
link ). These unsustainable private sector, debt mountains
were transferred to the public sector in 2008 to prevent the adjustment to
the depression-era reality that the debt unwind would undoubtedly have
brought about. Yet, those debts are as unsustainable in the hands of the
public sector as they were in the private sector.
Central bank
polices haven’t changed though. Print and print and print. And if that doesn’t
work, print some more. And as London burns, the point I have always made is
that the US and UK are not like Japan in one very special way. Although Japan
suffered a decade of pain it is a very homogenous, equal society. The UK and US
are not. Some readers may not know that rioting and looting has broken out
around London. While I hear the UK
politicians denounce the looters as common criminals (which of course they
are), I can’t help but think that Louis XVI in 1789 and Tsar Nicolas II in 1917
might have said the same thing.
Crikey,
Here comes the revolution. Prepare.’
The Fed didn’t
announce a new policy. And despite what some press reports said, it didn’t even
commit to keeping rates low; all it did was say that if the economy stays weak,
rates will stay low — well, duh — and that it might think about doing other
stuff one of these days.
Durden is amazed :
Following a 600
point plunge in the DJIA yesterday, today we see a 400 point surge following
the presentation of the weak case of the expected Bernanke Put. And completing
the amazement, the 10 Year bond, moved to almost record lows, and then retraced
virtually the entire move, as nobody knows what central planning has in store
for America any longer. Additionally, after being up 50%, VIX is now down 22%.
Congratulations Ben: in taking central planning to nth double-down
levels, you have now broken not only the stock, but the bond market as well…’
Faber's
Pessimism on the U.S. Downgrade
08/09/2011 By EconMatters :
The 10
Most Indebted Governments in the World
http://wallstcheatsheet.com/stocks/the-10-most-indebted-governments-in-the-world.html
‘…Coming in first place is Japan (NYSE:EWJ ),
with a whopping $13.795 trillion in debt, just short of the the $14.27 trillion
in debt the U.S. carries .. Coming in second against Japan in terms of its
debt-to-GDP ratio is Greece, where debt is a relatively low 139% of GDPHot
Feature: Who Owns U.S. Debt? Following Greece on the
list is Italy (NYSE:EWI ), then Iceland, Belgium, Ireland, and the U.S. So
why isn’t Japan enduring the same kind of financial crisis that so many countries
with significantly less debt are currently facing? The answer is simple: Japan
owes most of its debt to itself. In comparison, the U.S. owes about 30% of its
debt to foreign investors, with China (NYSE:FXI )
holding $1.1 billion in U.S. debt, more than any other country…’
Fear Index
VIX Up 50%, And In Backwardation, Confirms Fully Fledged Bear Market Volatility slapped markets in the face on Monday,
surging 50% in its biggest one-day move since February 2007. Furthermore,
the whole VIX futures curve has been inverted and is in backwardation, indi...
The Entire
World Is Going Bear Market Business Insider | A scary aspect of this
selloff: There’s nowhere safe.
8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating The
Economic Collapse According to S&P , the
debt ceiling deal “falls short of what, in our view, would be necessary to
stabilize the government’s medium-term debt dynamics.”As I have written about
previously, the debt ceiling deal was a complete and
total joke, and S&P realized this.Forget all of the huge figures that the
mainstream media has been throwing at you concerning this debt ceiling
deal. The only numbers that matter are for what happens before the next
election.The only way that the current debt ceiling deal will last beyond the
2012 election is if Obama is still president, the Democrats still control the
Senate and the Republicans still control the House. If any of those
things change, this deal ceiling deal is dead as soon as the election is
over.Even if all of those things remain the same, there is still a very good
chance that we would see dramatic changes to the deal after the next
election.So in evaluating this “deal”, the important thing is to look at what
is going to happen prior to the 2012 election.Well, Barack Obama and the
Democrats get the debt ceiling raised by over 2 trillion dollars and will not
have to worry about it again until after the 2012 election.The Republicans get
25 billion dollars in “savings” from spending increases that will be
cancelled.The “Super Congress” that is supposed to be coming up with the second
phase of the plan may propose some additional “spending cuts” that would go
into effect before the 2012 election, but that seems unlikely.So in the final
analysis, the Democrats won the debt ceiling battle by a landslide.25 billion
dollars is not even 1 percent of the federal budget. The U.S. national debt continues to spiral wildly out of
control, and our politicians could not even cut the budget by one
percent.Somehow our politicians believed that the rest of the world would be
convinced that they were serious about cutting the budget, but it turns out
that global financial markets are tired of getting fooled.It has gotten to the
point where now even the big credit rating agencies are being forced to do
something. Not that they really have much credibility left.
Everyone still remembers all of those AAA-rated mortgage-backed securities that
imploded during the last financial crisis. The reality is that the big
credit rating agencies are a bad joke at this point.Several smaller credit
rating agencies have already significantly slashed the credit rating of the
U.S. government. But a lot of pressure had been put on the “big three” to
keep them in line.But now things have gotten so ridiculous that S&P felt
forced to make a move.Sadly, our politicians are still trying to maintain the
charade that everything is okay. Barack
Obama says that financial markets “still believe our credit is AAA and the
world’s investors agree”.Once again, Barack Obama is dead wrong.The truth is
that the credit rating for the U.S. government should have been slashed
significantly a long time ago. This move by S&P was way, way
overdue.Moody’s might be the next one to issue a downgrade. At the moment,
Moody’s says that it will not be downgrading U.S. debt for now, but Moody’s
also says that it has serious doubts about the enforceability of
the “budget cuts” in the debt ceiling deal.This crisis is just beginning.
It is going to play out over time, and it is going to be very messy.The
following are 8 more reasons why you should be deeply concerned that the U.S.
government has lost its AAA credit rating….
#1 The U.S. dollar and U.S. government debt are at the
very heart of the global financial system. This credit rating downgrade
just doesn’t affect the United States – it literally shakes the financial
foundations of the entire world.
#2 As the stock market crashes, investors are flocking
to U.S. Treasuries right now. However, once the current panic is over the
U.S. could be faced with increased borrowing costs. The credit rating
downgrade is a signal to investors that they should be receiving a higher rate
of return for investing in U.S. government debt. If interest rates on
U.S. government debt do end up going up, that is going to make it more
expensive for the U.S. government to borrow money. The higher interest on
the national debt goes, the more difficult it is going to become to balance the
budget.
#3 We could literally see hundreds of other credit
rating downgrades now that long-term U.S. government debt has been
downgraded. For example, S&P has already slashed the credit ratings
of Fannie Mae and Freddie Mac from AAA to AA+. S&P has also already begun to
downgrade the credit ratings of states and municipalities. Nobody is
quite sure when we are going to see the dominoes stop falling, and this is not
going to be a good thing for the U.S. economy.
#4 10-year U.S. Treasuries are the basis for a whole
lot of other interest rates throughout our economy. If we see the rate
for 10-year U.S. Treasuries go up significantly, it will suddenly become a lot
more expensive to get a car loan or a home loan.
#5 The current financial panic caused by this downgrade
is hitting financial stocks really hard. The big banks led the decline
back in 2008, and it looks like it might be happening again. Just check
out what CNN says happened to
financial stocks on Monday….
Financial stocks were among the hardest hit, with Bank of
America (BAC, Fortune 500) plunging 20%, and Citigroup (C, Fortune 500) and
Morgan Stanley (MS, Fortune 500) dropped roughly 15%.
#6
China is freaking out. China’s official news
agency says that China “has every right now to demand the United States to
address its structural debt problems and ensure the safety of China’s dollar
assets”. If China starts dumping U.S. government debt that would make
things a lot worse.
#7
There are already calls for the Federal Reserve to step in and do
something. If the U.S. economy drops into another recession, will we see
more quantitative easing? It seems like we have reached a point where the
Fed is constantly in “emergency mode”.
#8
The U.S. national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR ….
“If you add up all the promises that have been made for spending
obligations, including defense expenditures, and you subtract all the taxes
that we expect to collect, the difference is $211 trillion. That’s the fiscal
gap”
Dick Cheney once said that “deficits don’t matter”,
but the truth is that all of the debt we have been piling up for decades is now
catching up with us.The United States is in such a huge amount of financial
trouble that it is hard to put into words. The days of easy borrowing for
the U.S government are starting to come to an end. We have been living in
the greatest debt bubble in the history of the world, and it has fueled a
tremendous amount of “prosperity”, but now the party is ending.
A whole lot of financial pain is on the
horizon. Please prepare for the hard times that are coming.’
Don't
Fall For The Market's Head Fakes at
Forbes
There is nothing
that politicians or regulators can do to prevent the natural price discovery
that is critical to the long-term health of our capitalist system.
The market
needs to go down again before it can sustain any future rise.
We simply
must deal with the loads of toxic and mis-allocated capital that our profligate
society has created over the past 20+ years.
Allow me to
explain how we got ourselves in this situation. The figure below highlights
the three successive stock market bubbles in just over 10 years. Compare
the size of these bubbles and the rise in stock prices over the last 25 years
compared to the prior 65 years. A simple trendline further accentuates
just how much stock prices have appreciated compared to historical
trends.
Figure
1: Historically Enormous Stock Market Bubbles Keep Coming Back
http://blog.newconstructs.com/wp-content/uploads/2011/08/figure1.jpg
Sources:
New
Constructs, LLC and Ibbotson Ibbotson, 2010 Ibbotson Stocks, Bonds, Bills
and Inflation Valuation Yearbook, (Chicago: Morning Star, 2008), 228–229.
*Large Cap Stocks as defined by Ibbotson are the best comparison for the
S&P 500, which did not exist as it does today in 1926.
I am not suggesting
that stock prices should revert to the long-term trendline. I fully appreciate
the accelerating pace of innovation realized by our society and its
impact on standards of living and improved utilization of resources.
There is no
question that we live in unprecedented times of prosperity and wealth creation.
And technology holds great promise for the future achievement of mankind and
will drive improvement in the standards of living around the world.
The problem
is that we have gotten ahead of ourselves. By how much, I am not sure. But I
am sure that we are due a (lasting) correction in the stock market, and the
longer that correction is put off, the more painful it will be.
To illustrate,
let’s review what drove the last two market bubbles.
Tech bubble – irrational exuberance about
the value in tech stocks combined with rather loose monetary policy
pushed stocks and capital flows to ridiculously high levels Housing bubble – lax lending standards,
unscrupulous bankers, conflicted regulators, a bottomless appetite
for consumer spending and a seemingly infinite amount of cheap money
to finance consumption.
Now, let’s review what happened after these bubbles burst.
After the tech bubble: monetary policy
remained highly accommodative and government stimulus was aplenty After the housing bubble: monetary policy
remained highly accommodative and government stimulus was aplenty
See the response pattern? See how it affected the
markets?
It is as if the bubbles never burst. Game back on.
Like a high-school party, the music stops and everyone is quiet when the cops
show up. Someone convinces the cops that nothing unscrupulous is going on
and all will be calm and quiet. Then, as soon as the cop car is out of sight,
the music gets turned back on and the party goes harder.
What will be the response to the third bubble that
is forming?
That is the question that I think the market is
finally facing. The answer is not the same as before.
The government has run out of stimulus and policy
bullets.
Really, what else can politicians and regulators
do to engineer a soft landing, or should I say, another bubble.
Figure 1 shows that we never really landed. We
rocketed from one bubble to the next.
Let’s take a look at the options available via the
two main forces for stimulating economic recovery:
Fiscal policy – given the federal, state and
municipal debt and budget problems, another round of stimulus spending
or another TARP-like program is probably not in the cards. The funds
are simply not available. Not to mention, I do not think another
bailout plan would go over very well with tax-payers. Monetary policy – here we have three potential
options.
Lower rates – can they go any lower? The answer
is not meaningfully lower unless the Federal Reserve wants negative
nominal rates. In addition, low interest rates undermine
long-term economic growth potential . Extend QE2 to QE3 – given that the point of QE2
was to keep interest rates, especially mortgage rates low, I do not
think additional quantitative easing in the form taken so far would
have much if any impact on rates given how lower they already are. Moreover,
driving oil and other commodity prices higher by further undermining
the value of the dollar is not exactly conducive to growth. A new type of QE3 – suppose the Fed were to
purchase large amounts of assets other than treasuries such as foreclosed
homes. I think that action would likely spook investors because it would
signal that the carrying value of those homes were too high. Otherwise,
private investors would have already bought them for their own portfolios.
And bank stocks would sink as investors realize that additional
write-offs might be coming. The same reaction applies to any other
asset that the Fed might choose to take off private investors’ hands.
So, who is going to bail us out this time?
My overriding message is that no one should have
bailed us out to begin with. The longer we avoid the painful process of deleveraging
and returning to a more deliberate and rational mode of capital allocation,
the more we delay the inevitable. The more we shift the blame for our financial
mistakes to the public sector, the deeper the hole we must dig out of.
Which brings me to the next point: shifting responsibility
to the public sector, i.e. government, presents some very serious problems
and headwinds for future growth:
The government is not bailing anyone out,
taxpayers are. In essence, the government is using hard-earned tax revenue
to pay for the mistakes of certain members of our society. Moral hazard is confused with moral obligation.
Re-distribution of wealth to those that are in genuine need of assistance
from society is in our long-term best interests. But moral obligation
quickly becomes moral hazard when the re-distribution applies to people
who should, but prefer not to, care for themselves. When the people who make mistakes do not pay
for mistakes, they keep making them…bigger and bigger. Can you say
“mortgage back securities”? We run out of money. When capital from productive
sources is siphoned away to subsidize unproductive investments, capital
is destroyed and never to be found again. When there is less capital
available for productive investments, growth is forced to slow as are
incomes and payrolls. When growth slows and jobs are not available,
bad things happen. For an example of bad things happening now, take a
look at the riots
in the streets in London .
Until we allow the natural price discovery that
unfettered markets are designed to provide, we continue to subsidize
unproductive investments. And the longer we subsidize unproductive
investments, the more wealth (and jobs) we destroy in the present and in the
future.
Sure, it feels better when the stock market skyrockets,
bank accounts are fat, growth is strong and the financial future is bright.
Wasn’t that what we got in the 1990s, then again in the first decade of this
century?
It cannot go on forever. Consider how much the
housing bubble was driven by too much borrowing? Though financing might
be cheap and easy to get for extended periods of time, there is not an infinite
supply.
At its core, borrowing is simply a method of cashing
in today on future earnings. The more we borrow against future earnings, the
less we have in the future.
Using borrowed funds to subsidize unproductive
investments only compounds and accelerates wealth destruction.
Keynesian policies can be successful in certain
situations and for limited amounts of time, but they cannot be sustained
infinitely. Borrowing and spending by the government can help the economy
survive a soft patch or decrease the depth of a recession, but it does not
fix the underlying capital allocation problem.
Keynesian economic policies are patches to economic
problems, not fixes. If extended for too long, they only make matters worse.
Before the housing bubble, the government was levered
to the hilt. After the housing bubble, consumers are also levered to the hilt.
Both are struggling to balance their checkbooks.
So who is left to bail us out? Only two potential
candidates: American corporations and foreign countries.
A quick survey of the status of the other major economic
powers is not exactly inspiring. China is slowing growth to fight its inflation
problems. The European Unions, well, they have their own problems. Japan is
not exactly prospering. In general, there are few, if any, global economic
bright spots. None are large enough to bail out anyone.
There are many bright spots in corporate America.
Companies like Apple (AAPL-very attractive rating), Google (GOOG-very attractive rating), Microsoft (MSFT-very attractive rating) and many others
are as profitable as ever. Their returns on capital rank among the very best
in the world. They are shining examples of capital realizing its highest
and best use. For the country as a whole, cash flow returns on assets are near
all-time highs. Much of the recent profits, however, have come at the expense
of the consumer as wages have grown much more slowly than profits.
Then, there are the banks. US banks recently enjoyed
the largest bailout in the history of the world. Further, their profit margins
have been subsidized by sustained low interest rates. And yet, they are
lending little money.
Is the problem that banks do not want to lend or
that there are not enough borrowers?
I think the answer is both. Many banks are still carrying
a great deal of toxic assets. With so much risk already on their balance
sheet, they cannot afford to take on more.
As for borrowers, the uncertain tax, regulatory
and economic outlooks are not exactly enticing entrepreneurs, small and
large businesses to take risk.
To summarize, there is no one left to bail us out
this time.
So, what happens next? We buckle down and face the
long hard road to true, not artificially subsidized recovery.
We recognize facts:
We cannot spend more than what we make forever.
Seems like an obvious statement, but that is not how the United States
has operated over the past several years. We have wasted lots of capital by subsidizing
unproductive investments. We have delayed the process of creative destruction
whereby unproductive investments are replaced by productive
investments. Because of our wastefulness and the delay in
creative destruction, much time is required to restore wealth back to
the levels to which we have become accustomed. We must rebuild diligently, rationally and
deliberately to ensure capital realizes its highest and
best use. Kicking the can down the road, Euro-style, only
delays the inevitable and makes the problem worse. Eventually, we will be much better off than
what we started.
In the meantime, the stock market and economic
activity will continue to suffer. No pain no gain.’
Stock
Market Slide Is the Latest Blow to the Middle Class The Daily Ticker Peter GorensteinDow Jones Industrial
Average closed down 520 points, or 4.6%. The S&P 500 fell 4.4% to close
at 1,121, while the Nasdaq
was taken down more than 101 points to the end the day at 2,381.In other words,
Tuesday's gains, in which the Dow jumped 430 points, are a distant
memory.Stocks are on track for their worst monthly drop since after the Lehman
Brothers bankruptcy in the fall of 2008. After making steady gains in their
401(k) plans since then, average Americans are once again falling further
behind on their retirement goals. The recent drop in the market is making
headlines, but as Aaron Task and the Breakout team discuss in this clip, it's
by no means the only economic hardship facing the middle class -- it's just the
latest. Here are some other headlines you might have missed while you were
watching your portfolio shrink over the last few days.
HORRIFIC
HOUSING MARKET
Existing home
sales fell 2.8%
in the second quarter compared to a year ago , according to the National
Association of Realtors. The number of home sales is also off, falling 5.4%
from the previous quarter and is down almost 13% compared to the sometime last
year. At this rate the housing market will continue to be a drag on the
economy.
BACKDOOR
BAILOUT FOR BANKS
Meanwhile, as
homeowner pain reaches new heights, it appears banks continue to receive
favorable treatment from the government. The
Wall Street Journal reports Fannie Mae -- essentially a government entity
(that by the way continues to receive billions in taxpayer aid each quarter) --
just spent $500 million to buy the servicing rights to a Bank of America (BAC ) portfolio of
"seven million loans still causing the most problems." That's what
they call a backdoor bailout.Speaking of Bank of America, the stock continued
to mirror the pattern of steep sell-offs and furious rallies seen in the
broader market. This time, shares of BofA were down 10.9% to $6.77. A conference
call held by CEO Brian Moynihan with investors, led by Fairholme's Bruce
Berkowitz, didn't help the bank's cause. According to a summary
of the call in the WSJ , Moynihan pushed back against those who would
question how he has performed while leading the company, and he said BofA would
not part ways with brokerage firm Merrill Lynch. Additionally, he said there
weren't "many days when I get up and think positively about the
Countrywide transaction in 2008."BofA bought the big mortgage firm during
the 2008 credit crisis, and it has been responsible for a gigantic financial
drag on the firm in the time since.
FED'S
FOLLY
The Federal
Reserve on Tuesday said it will keep interest rates "exceptionally
low" through the middle of 2013. That and the possibility of more
quantitative easing may eventually reflate assets -- a good thing for stock
portfolios. The problem is the Fed's reaction to the crisis has and will
continue to do little to improve real economic conditions, such as stubbornly
high unemployment, which remains at 9.1% more than two years after the
financial crisis. And, for those able to save some money, the low interest
rates aren't rewarding your bank accounts. Add it all up, and unfortunately
there's little to feel good about.’
Report:
DOJ investigating S&P's mortgage securities ratings Associated Press
The Justice Department is investigating whether the agency improperly rated
dozens of mortgage securities in the years leading up to the financial crisis.
(Washington Post) [ There you go … the retaliation … the long awaited payback
(quid pro quo -the no pros- witheld) for long overdue pervasively corrupt,
defacto bankrupt u.s. downgrade. They should be investigating themselves, the
SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes,
activities. SHARE
YOUR OPINION ON THE DEBT LIMIT The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I
believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages under
penalty of perjury I was asked to forward to the FBI office in New Haven is
probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- http://albertpeia/crossexamofcoanbypeia.pdf
] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam
and a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Unions
angry over Postal Service cuts They said any move to break labor contracts
to lay off 120,000 would hurt the already ailing movement. (Washington Post) [
I reiterate my call for the well managed, efficient, and reliable company, UPS
to take over the operation of the poorly managed, inefficient, and unreliable
USPS. Postal
Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS
also proposes withdrawing employees from existing health and retirement plans
and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be substantially
better. Even better yet, UPS should take over their entire operation. After
all, UPS is well managed and efficient; and also, very reliable. On the other
hand, the USPS is poorly managed, inefficient, and very unreliable:
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
Five
myths about the Dow What drives it up and down? Is it a good market
barometer? (Washington Post) [ Yeah! This is a great topic which seems an
age-old quandary manifesting in different forms at different times. Indeed, in
my evening MBA program studies at NYU, GBA (MBA Finance, 1977) the ‘questions’
concerning the Dow from an investment perspective were in no short supply (ie.,
from not being representative of the market, to higher p/e multiples, to slower
growth from mature companies, to higher prices per share on an absolute basis,
etc.). When asked why the Dow, the Security Analysis Professor, Dr. Douglas
Bellmore, an extremely successful analyst / investor / author on finance in his
own right, and head of the research arm / department of an institutional wall
street brokerage firm by day, would respond simply by saying, ‘ he wasn’t
interested in ‘buying the market’ (cited were concerns of liquidity with his
oft-repeated rhetorical quip, ‘sell … to whom?’, which was often problematic to
the substantial downside then, particularly for Nasdaq / Over-the-counter’
issues which is far less problematic today with computer efficiency undreamed
of then (though also now used for nefarious fraudulent purposes undreamed of
then)[ I began my MBA thesis with him and completed same owing to his vacation
in the summer, 1977, with the great, eloquent, and astute Economist /
Professor, Dr. Robert Kavesh (‘Economic Forecasting’ Butler and Kavesh – I had
his course of the same name as his book) since I was beginning law school
evenings that fall. ] ( Interestingly, in the bond analysis portion of the
course I asked whether you can and should rely on the rating companies,
predominantly S&P. He paused, and said ‘that’s a good question’ – it was
also the only time he said such of my questions – then responded affirmatively,
‘yes, you can rely on them’ (different time, different place – I’m sure his answer
would have been substantially different today). The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! So what’s changed of
significance (other than the full moon and consequent effects on the lunatic
wall street frauds Train
Reading: The Stock Market Is Insane
The Wall Street Journal
GE
‘all in’ on aviation deal with China
Challenge of China: Put technology on the table — and keep some U.S.
jobs — or miss the huge market. (Washington Post) [ ‘Lotta weighin’ goin’ on!
Riiiiight! Don’t make me laugh! Is
China Bad For The US Job Market? at
Forbes [ Duh! Ya think. Come on! Even rhetorically there’s no real question
here. There’s no upside nor room for discussion on this point. Even when
thinking they’re buying american, ie., apple, etc., they’re buying Chinese,
Korean, Japanese, etc. (components); and yet, american tech is still absolutely
horrendous. And, let me add that the communist Chinese are far from brilliant;
one need only witness that Chinese leader standing with ‘lobotomy joe biden’
assuring all they’ll be no default … double duh! … as pervasively corrupt,
defacto bankrupt america’s printing those evermore worthless dollars at warp
speed. What dopes they are! Yes, like the bureaucratic plutocracy americans the
communist Chinese whose success is measured in capitalistic terms are getting
dumber and dumber like ‘their american fiances’. ]
Rep.
Waters to tea party: ‘Go straight to hell’ (Washington Post) [ Drudgereport: SANTORUM: 'maxine waters is vile' [
she’s worse than that, and a total embarassment for america and california
particularly! ] ... Maxine
Waters: 'The tea party can go straight to hell'... Tea Party
fires back... MORGAN
FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [ sounds like a plan … ****** to ******
… the ****** plan! ] ... Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... Philadelphia
extends curfew after flash mobs [ new u.s. Christmas carol – ‘america’s
beginning to look a lot like sub-saharan africa, everywhere you go’ . They are
beasts of burden at most who are a burden to most at best … you’ll never change them … Think about all
those costly ‘make-work’ jobs that serve no real economic purpose; ie.,
federal, state, local, uspostal service, etc.. And, they can’t even do those
jobs reliably, efficiently, effectively which is a drag on civilized society! ]
...
Details
of Obama’s jobs plan emerge President is thinking about proposing tax cuts
for companies that hire workers, new spending for roads and construction, and
other measures that target the long-term unemployed, administration officials
say. (Washington Post) [ Oh come on! Too
little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) …
he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there
on the campaign trail; and just as much an embarrassment for those who turn out
to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total
joke! To be finally talking jobs and things just before the election having
broken previous campaign promises in his failed role as ‘bush failure 3’. Even
his pension is undeserved so much a fraud is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of
the Congressional Black Caucus says they don’t pressure President Obama because
he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup Disapproval of Congress Hits All Time High of 84%
Drudgereport: BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' ]New
low of 26% approve of Obama on economy... Inflation
builds... FOOD PRICES
RISING... UNEMPLOYMENT
UP... OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION... 'Takes More
Vacations Than Any Human Being I've Ever Seen'... Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if wobama’s actions
had not belied his words/campaign promises, the nation’s position, though still
ominous, would have been substantially improved. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
European
bank continues bond-buying It has become the region’s “last resort”
investor as it tries to keep a lid on the rates paid by Italy, Spain. (Washington Post) [ Nothing succeeds quite
like failure in the ‘new west’. From people-killing, nation-bankrupting,
nation-destroying perma wars to QE’s to gimmicks to ‘warp speed’ currency
printing presses, the lock-step rush for the abyss like lemmings they’ve become.
Never mind that across the board, such as the aforementioned has actually
exacerbated the crisis / problems they were supposedly meant to solve. This
truly has become a ubiquitous scenario of the blind leading the blind; with the
blindest of all, viz., pervasively corrupt – defacto bankrupt america, leading
the charge (no pun intended – though their credit bears mentioning - 8
More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has
Lost Its AAA Credit Rating The Economic Collapse ‘…
#8 economics
professor Laurence J. Kotlikoff recently told NPR ….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Why
You Shouldn't Buy Into This Plunge Forbes/ Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT USA BALANCE SHEET …’ ]
As
investors panic, CEOs vote with their wallets for local companies August
has seen a historic uptick in the number of corporate insiders buying shares of
their companies. (Washington Post) [ I’m now sorry I didn’t save the article
that spoke to this recent phenomena as being contraindicated and not a good
sign but rather merely a function of some recent fine print in new compensation
plans constrained by current and expected poor financial / economic results.
Indeed, of greater import is as pointed out by Navin just months ago: Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes,
it’s normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Train
Reading: The Stock Market Is Insane
The Wall Street Journal , Accounting
Gimmics Resurface as Growth Flounders at
TheStreet financial
Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St.
Cheat Sheet , Minyanville's
T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ , Social
Security disability on verge of insolvency , 8-19-11 Welcome
To The New Bear Market For Stocks
Forbes / Dow/Gold
Ratio Lowest Since 1987 Crash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes
/ The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , Tech
Leading Market Lower The Wall Street
Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news ( Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ), and
b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 bear market ,
Abandon Ship McGill ,
There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence
Oil
prices and Gaddafi’s potential fall? Any new Libyan government will need
crude revenues, but analysts warn against premature optimism. (Washington Post)
[ Premature optimism? How ‘bout total unreality owing to the over-printed, ever
more worthless so-called reserve currency, viz., the ‘dollar’. The ‘dow / gold’
ratio is illustrative of this reality-based problem which extends as well to
those heavily commissioned / traded paper shares. A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582 (8-22-11/now 10885).
Therefore, the index has gained 11% (8-22-11/now lost 10+%) in the last ten
years…’ Yet, the inflationary dollar (declining) debasement rate was 31%.
(-31%) {See the inflation calculator infra – and that’s just the government
(inflation) numbers … reality is much worse!} Meanwhile, the frauds on wall
street are churnin’ and earnin’ like never before at lightning computerized
speeds enabling the high-frequency trades that are commissioned in
unprecedented large volumes; a big net negative in real economic terms.] Just
another gimmick / diversion / obfuscation: The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Train
Reading: The Stock Market Is Insane
The Wall Street Journal , Accounting
Gimmics Resurface as Growth Flounders at
TheStreet financial
Morgan
Stanley Biggest Welfare Recipient as Federal Reserve Lent Banks $1.2 Trillion
During Financial Crisis Wall St.
Cheat Sheet , Minyanville's
T3 Daily Recap: Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ , Social
Security disability on verge of insolvency While
Washington Fiddled The Economy Burned at
Forbes http://www.albertpeia.com/inflationcalculator.htm http://www.albertpeia.com/wobamavoters.gif
Ahamed:
What is the market really telling us? (Washington Post) [ Whatever it is, it ain’t
good! Indeed, ‘the market’ in terms of communicating anything must fall within
the ambit of the term ‘brain-damaged’ at best, insane at worst, with all the
concomitant disabilities attendant thereto, including a penchant for criminal,
fraudulent activities to obfuscate in self-interested fashion the damage
attendant to their criminally insane, brain-damaged condition for their own
gain to almost everyone else’s detriment.
‘THE STOCK MARKET HAS LOST ITS MIND — Bethany McLean in Slate Risk On! Do
the Fed, computer trading, and a few hedge funds rule the market? That might
explain why it's lost its mind. After the madness of last week and the
rollercoaster at the beginning of this week, the stock market recovered from
its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a row
in which the index moved by more than 400 points, which has never happened
before in history. As I write this, stock prices are leveling off, but the big
swings may not be over. Has the market gone mad? Actually, yes....’
Dow
jumps 4 percent as markets rebound A volatile day on Wall Street ends with
a last-minute rally that pared some of Monday’s historic losses and shrugged
off an uncertain outlook from the Fed.
(Washington Post) [ ‘Shrugged off’? So that’s what those lightning fast
computer manipulated buy programs are for. Who woulda’ thunk it? After all,
it’s not as if ‘Atlas Shrugged’ in this decimated, collapsing economy of this
pervasively corrupt, defacto bankrupt american nation / economy. Oh pshaw …
that was just fiction; ask former ‘objectivist’ Ayn Rand afficionado ‘senile
alan greenspun’ who recommends gettin’ those Weimar dollar printing presses
rollin’ at warp speed which has in large part helped to get the nation rollin’
to this forlorn point. Well, ‘senile alan greenspun’ can always say he was
really meant to be that ‘cobol programmer’ that he was and was meant to
be. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! What changed from yesterday
which warranted a more than 600 point plunge with paper stocks still
over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely
nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally
based on fraud and b***s*** alone to keep suckers suckered, which makes for an
especially great opportunity to sell / take profits since there’s much, much
worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com)
AAII
Sentiment Survey: Investors Remain Averse to Stocks Wall St. Cheat Sheet
Not all
insider buying is created equal — Reformed Broker
Is there
enough money to save the world’s banks? — Jonathan Weil at Bloomberg
Warren Buffett
is issuing bonds and buying stocks — Fortune
US births
declined in 2010 — Calculated Risk
Efficient
markets in action — Paul Krugman
Consumers now
need Treasury approval on all purchases over $50 — The Onion
Report:
Mutual Fund Outflows In July Most Since End Of 2008 at Barrons.com
Is
debt downgrade an alarm bell for U.S.? (Washington Post) [ Do bears s*** in the
woods? Is the Pope Catholic? Is this question some kind of a joke? I mean, duh!
Ya think? I mean, if it isn’t, what could be? After all, this was long in the
making and the pressures applied to preclude this long overdue downgrade were
substantial. Yet, this mild slap on the wrist was at once, charitable and a
gift inasmuch as reality warrants far worse.
8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating ‘… #8 economics
professor Laurence J. Kotlikoff recently told NPR ….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’
Previous: Is this some parallel universe where
unfounded criticism is levied at S&P for the downgrade when they’ve
actually cut the pervasively corrupt, defacto bankrupt disunited states a break
by not rating what america truly is; viz., junk status for the paper /
liabilities / obligations that cannot and will not be paid (or the equivalent
vis-ŕ-vis what would be in worse than evermore worthless Weimar dollars or some
other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable
going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves,
S&P is the ‘800 pound gorilla’ in this world among rating agencies and
moody’s, fitch have substantially diminished themselves as entities consistent
with their ‘mission and purpose’ and as well, their credibility. I mean, come
on! Consider the pressure that was and continues to be applied. Moody’s and
fitch, quite frankly, folded. China’s rating agency has already downgraded u.s.
paper and they’re ‘holding’ (huge amounts of that u.s. junk); and hence,
against their own interest. Wake up!
Stock
markets rally on jobs report In
fourth day of wild swings, markets surge amid mixed signals about direction of
U.S. economy. (Washington Post) [ The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! This an especially great
opportunity to sell / take profits, particularly if you missed Tuesday or May,
since there’s much, much worse to come! Thursday, Aug.11, 2011: what
changed from yesterday which warranted a more than 500 point plunge with paper
stocks still over-valued? Well, some bad news labeled as better than expected
1) 7,000 fewer jobless claims than expected (just a little over 1% better even
if you believe them – I don’t) 2) Cisco shows results ‘better than expected’ 3)
Record monthly trade deficit [ What
Recovery? Forbes quarterly results edged past Wall Street’s scaled-back
expectations ...“They beat a low bar. A lot of it is coming from cost
cutting, which we anticipated. In that sense it’s a relief,” Joanna Makris of
Mizuho Securities USA told Reuters. ‘Cisco, which depends on government
spending for about a fifth of its revenue, said in July it would cut 15 percent of its workforce and sell
a set-top box factory in Mexico .. Cisco Randewich.’ ]
World
Bank warns against future economic hardship Press TV
The
World’s Money Is Draining Away … Where’s It Going? Washington’s Blog | All
of the monetary and economic policy of the last 3 years has helped the
wealthiest and penalized everyone else.
Both
Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low …
That’s Not A Coincidence Washington’s Blog | A new poll from Thomson Reuters
and University of Michigan shows that consumer confidence is the lowest its
been for 30 years.
NATIONAL / WORLD
{scroll down to current
date – today’s numerical day/headlines follows headlines of continuing
importance}
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington ’s Blog america
Poll: Obama
Approval Hits Lowest Ever Rasmussen
Obama poll numbers on economy hit new low Gallup GALLUP:
Americans satisfied with ‘the way things are going’ — 11%! Gallup United States
Obama’s ratings sink to new
lows - Public
pessimism about the direction of the country has jumped to its highest level in
nearly three years, erasing the sense of hope that followed President Obama’s
inauguration and pushing his approv...
Obama Approval Hits Record Low CIA, MI6
and Mossad: Together against Syria RT | The West is doing its best to destabilize the
situation in Syria
Russia
Warns US, Israel against Attack on Iran Fars News Agency | Russian Foreign
Minister Sergei Lavrov warned the US and Israel against an attack on Iran,
cautioning that such a move would mean “a very serious mistake”.
Repeal
of sodomy, bestiality ban sparks fight on Defense bill The Hill | New Defense Authorization Bill repeals a ban on
sodomy and bestiality [ This country is so f***ed up! The decline and fall! America mother of hoods and apple new york (n.j. sandusky
NEW HEADLINES
Obama’s Signing Statement on NDAA: I have the power to
detain Americans… but I won’t Infowars
Gen.
Dempsey: Iran rational actor, not after nukes Press TV Iran
Pat
Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over
the last 20 years, former US presidential advisor Pat Buchanan, author of
Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm
Would You Support a War Against Iran
5 Reasons
Iran is NOT a Threat to the U.S. Michael
Edwards Iran
USA
#1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusa#1.htm
US Army sergeant kills 16 in Afghan villages Moving from
house to house, a U.S. Army sergeant opened fire Sunday on Afghan villagers as
they slept, killing 16 people — mostly women and children — in an attack that
reignited fury at the U.S. presence following a wave of deadly protests over
Americans burning Qurans.
Massacre suspect's lawyer: We expect the most severe charges
A defense lawyer for Staff Sgt. Robert Bales said Monday he expects his client
to be charged in the murder of 16 Afghans on Thursday.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Prisonplanet.com | Alex runs
down Sarkozy’s call to lock up people who dare surf “extremist” websites on the
web.
[ Little nicky is so pathetic and a testament to how
far france france All truth passes through three stages.
First, it is ridiculed. Second, it is violently opposed. Third, it is accepted
as being self-evident. --Arthur Schopenhauer And,
who determines what’s extreme? ] Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly 100% of the nigger vote, no
matter what! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena
http://albertpeia.com/blackonwhitecrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ]
http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147
http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Los Angeles County (KABC Photo) Calif. (KABC) – ‘ Sheriff's officials released the
name of the man they say shot and killed the owner of a computer shop in Lancaster
The suspect was identified as
24-year-old Timothy Johnson, described as being 6 feet 2 inches tall, weighing
about 170 pounds with a dark complexion (negro-black) and a closely shaved
head.
Detectives say Johnson reportedly
entered eChaps Computers and More at 2007 W. Avenue K on Friday, shot and killed
store owner Reed Lewis Keith and left with stolen electronics in hand.
Johnson reportedly fled in a black,
1980s model four-door car driven by an accomplice. Investigators said Johnson
was wearing a black hooded sweatshirt and a ski mask at the time of the
robbery…’
Infowars.com | Now is
the time to put an end to Obama’s treasonous and tyrannical behavior.
Kurt
Nimmo and Alex Jones | A call to action and an effort to inform the
public about the treason of Barack Obama.
http://albertpeia.com/impeachobama.htm
Kurt
Nimmo and Alex Jones
We can only win by launching Impeach Obama 2012.
Whether or not we fully impeach him, we are committed to rebuking these
unconstitutional and criminal power grabs and are determined to take the case
to the court of public opinion.
–Alex Jones
Film director, producer, actor and writer Sean Stone
has thrown his weight behind a resolution introduced in the House last month by
North Carolina Walter Jones . Resolution 107 states that should the
president use offensive military force without the authorization of Congress
that such an act would be “an impeachable high crime and misdemeanor.”
Article I, Section 8, of the Constitution reserves
exclusively for Congress the power to declare war. Both Thomas Jefferson and James Madison argued that the power to
declare war must reside in the legislative branch of government and the
president will only act as the commander-in-chief and direct the war after it
is declared by Congress.
“The constitution supposes, what the history of all
governments demonstrates, that the executive is the branch of power most interested
in war, and most prone to it. It has accordingly with studied care vested the
question of war in the legislature,” Madison
In the video, Stone notes Obama’s unconstitutional
war on Libya was waged
“despite the fact that the United States
was neither attacked, nor threatened for attack by the nation of Libya
Secretary of Defense Leon Panetta said during
questioning by Senator Jeff Sessions of Alabama that the Obama
administration does not believe Congress has the exclusive right to declare war
and that the Pentagon answers to the United Nations, not the people of the
United States.
The Obama administration “does not believe that the
Congress has the exclusive power to declare war,” Stone notes, and “accordingly
the president should be impeached.”
Stone also mentions Obama’s facilitation of the
banker engineered 2008 “bailout” as an additiojnal reason he should be tried
for High Crimes and Misdemeanors and impeached. Obama’s efforts worked in favor
of the “consolidation of private banks, many of them in Europe .”
“There was no investment of any meaningful type in
the physical economy, there was no protection of the American people,” Sean
explains. “Rather, an illegal commitment made on behalf of private banking
interests, to commit the American people to paying a debt that the American people
did not accrue.”
He rightly notes that Obama’s actions “represent the
most clear violation of the principal of the general welfare of the people in
the preamble of the Constitution of the United States
In addition to setting the stage for the economic rape
of the American people and waging illegal and unconstitutional wars, Obama has
committed a number of other egregious violations of the Constitution.
Specifically, Obama violated the Constitution’s
Takings and Due Process Clauses when he bullied the secured creditors of
automaker Chrysler into accepting 30 cents on the dollar while
politically connected labor unions and preferential others received better
deals.
In addition, the Dodd-Frank financial “reform” bill created the so-called
Financial Protection Bureau and Financial Stability Oversight Council,
bureaucratic monstrosities that are now engaged in unchecked and
unconstitutional economic action without consulting Congress. The Dodd-Frank
bill also further empowers the bankster’s preferred cartel , the Federal
Reserve (which has engaged in unconstitutional activity for nearly a hundred years).
The Obamacare mandate is the most obvious violation.
“No list of President Obama’s constitutional violations would be complete
without including the requirement that every American purchase health
insurance, on penalty of civil fine. The individual mandate is unprecedented
and exceeds Congress’s power to regulate interstate commerce. If it is allowed
to stand, Congress will be able to impose any kind of economic mandate as part
of any kind of national regulatory scheme. Fortunately, the Supreme Court has a
chance to strike this down during its current term,” writes Ilya Shapiro , a Senior Fellow in Constitutional Studies,
Cato Institute.
Obama signed into law the NDAA with a provision allowing the military to indefinitely
detain American citizens. “He will forever be known as the president who signed
indefinite detention without charge or trial into law,” said the executive
director of the ACLU, Anthony
Romero .
Finally, Obama may be tried and impeached for signing
a large number of executive orders. Article II of the Constitution provides the
president with three options when presented with legislation – do nothing, sign
the bill, or veto it in its entirety.
“Obama’s use of signing statements has clearly shown
his willingness to continue
the George W. Bush legacy – not only of torture and illegal detainment, but
in the dangerous trend of de facto Aaron Dykes .
Obama is definitely a renegade president in violation
of the law. He is guilty of treason and must be brought up on formal charges.
The House must introduce a resolution for impeachment and a trial must be held
in the Senate…’
7-6-12
Kurt Nimmo | Legal
firearms and ammo to be confiscated from “sporting good stores, pawnshops, and
gunsmith establishments.”
Kurt Nimmo | A
spirited argument in defense of liberty and the foundation of the Second
Amendment.
Paul Joseph Watson | “Warning
shots will not be fired”.
Jurriaan Maessen | Rumor
whirls around on the internet: an all-out alien invasion is supposed to take
place just when the Olympic Fire is lit.
Infowars.com | Alex has
decided to supercharge the contest by extending Phase Two.
Paul Joseph Watson | Bizarre
power trip behavior of federal agency reaches new level of craziness.
Kurt Nimmo | Pentagon
conducted evacuation simulation last month ahead of planned destruction of
Israel’s northern neighbor.
Steve Watson | Agency
claims it is attempting to be “unpredictable”.
Paul Joseph Watson | “Warning
shots will not be fired”.
Paul Joseph Watson | Bizarre
power trip behavior of federal agency reaches new level of craziness.
Kurt Nimmo | Pentagon
conducted evacuation simulation last month ahead of planned destruction of
Israel’s northern neighbor.
PrisonPlanet.com | The war
on drugs continues to create more victims.
PrisonPlanet.com | Mike
Adams explains how Merck knowingly falsified its vaccine test data.
CNSNews.com | The
number of women unemployed in June was 5,785,000, an increase of 780,000 from
when Barack Obama was inaugurated in January 2009 – at that time, the number of
unemployed women in the United States was 5,005,000.
Paul Joseph Watson | World
Net Daily editor Joseph Farah: “They will be at war, we will be hunted down”.
Prisonplanet.com | Rob Dew
discusses the revelations concerning rebels in Syria
http://albertpeia.com/freakishamericangeneticmonsters.htm
http://albertpeia.com/kicksinthecandowntheroad.htm
http://albertpeia.com/empburst.htm
Murdoch Dissatisfied With
"Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter.
"Tough O Chicago ‘…those who put their
trust in proven failure wobama, all they have to show for such misplaced trust
are broken campaign promises, now insurmountable record deficit spending
exceeding all the presidents since Eisenhower combined to obfuscate what
clearly has been wobama’s unequivocal failure...’ ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
(Related: 34
Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s
debt woe is worse than Greece’s News $211 trillion ’ … )
POLL: Obama
drops 8 points with whites... ... 13-point
plunge among young voters
July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm
http://albertpeia.com/nolegalsystem.htm
Justice Department shields Holder from prosecution after
contempt vote FoxNews.com | The Justice Department moved
Friday to shield Attorney General Eric Holder from prosecution after the House
voted to hold him in contempt of Congress.
DOJ
Says It Won't Prosecute DOJ Head Holder
How should we say this: we are shocked, shocked , that the DOJ won't prosecute
itself. BREAKING:
DOJ says it won't prosecute Attorney General Holder after the GOP-led House
voted to hold him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm House could arrest Holder with inherent contempt power The Washington Times | The thought is shocking, and
conjures up a Hollywood-ready standoff scene between House police and the FBI
agents. { Eh, what the heck…you can let
that go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to
hold on to your wallets, purses everyone ‘cause there’s black folk in the
capital! } Kurt Nimmo | Damaging
details included in letter Issa sent to Rep. Elijah Cummings on May 24.
Steve Watson | Offices
of two US
http://albertpeia.com/runandhideplan.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americaonfire.htm
Stephen Lendman | It’s an
American tradition. Big lies launch wars. Manufactured pretexts initiate them.
Mass killing and destruction follow.
Attention cats: ‘How to Walk Your Human’ (VIDEO)
http://www.youtube.com/watch?v=z5rXLZfsJT0&feature=player_embedded
Jerry
Sandusky's adopted son, Matt Sandusky, said that his father had abused him.
Matt Sandusky released a statement through his lawyers, Andrew Shubin and
Justine Andronici. According to the Philadelphia
http://albertpeia.com/verbalabuseofbusmonitor.htm
http://albertpeia.com/adviceforpreppers.htm
http://albertpeia.com/russiachinarational.htm
Steve Watson | “He has
the delegates, but he doesn’t have the hearts and the minds of the people” { At 77, I’ve really restrained myself from
criticizing paul. After all, he is now irrelevant; and, as a matter of fact,
after all is said and done, he’s proved exactly that. At this point, a real
winner would not be preposterously grousing about something true of himself
(who and how many are for paul) that he ascribes to Romney (who unlike paul has
the delegates and almost ‘infinitely’ more hearts and minds than he), making
noise about something irrelevant, instead of at least as a willing participant
in the process silently riding into the sunset. Yeah, paul’s collecting his
social security checks but seeks to end social security; what, after he dies
and stops collecting? Senility is the only explanation for his uncouth attitude
devoid of reality. Very disappointing! Really rather pathetic! }
WHERE IS THE BROAD-BASED NATIONWIDE, WORLDWIDE
COVERAGE THIS FRAUD OF THE CENTURY DESERVES? This is
serious business; viz., that wobama’s total b***s*** and an utter fraud! Are
people too embarrassed to admit they’ve been hoodwinked by this total fraud,
conman, grifter? This is so egregious that pathological is not nearly
sufficient to describe what more aptly is nothing short of borderline if not
outright criminal.
(CNN) - David
Maraniss , who wrote the recently published Barack Obama
biography, "Barack Obama: The Story," on Wednesday characterized ...
New
Book Raises Questions About Obama's Memoir
New York
Times (blog) - by Michael Shear
davidmaraniss .com/
“ Maraniss
is a skillful, thorough writer with an eye for telling detail, … a fact-finding
contemporary historian with an artist's touch and feel.” – Ed Bark, Dallas ...
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... By Toby
Harnden PUBLISHED: 17:15 EST, 19 June 2012 | UPDATED: 17:25 EST, 19 June 2012 {
http://albertpeia.com/wobamaschoomgangfantasy.htm }
‘A new biography of Barack Obama has established that
his grandfather was not, as is related in the President’s own memoir, detained
by the British in Kenya and found that claims that he was tortured were a
fabrication.
'Barack Obama: The Story' by David Maraniss
catalogues dozens of instances in which Obama deviated significantly from the
truth in his book 'Dreams from My Father: A Story of Race and Inheritance'. The
641-page book punctures the carefully-crafted narrative of Obama’s life.
One of the enduring myths of Obama’s ancestry is that
his paternal grandfather Hussein Onyango Obama, who served as a cook in the
British Army, was imprisoned in 1949 by the British for helping the
anti-colonial Mau Mau rebels and held for several months.
Obama’s step-grandmother Sarah, Onyango wife, who is
still living, is quoted in the future President’s memoir, as saying: ‘One day,
the white man’s askaris came to take Onyango away, and he was placed in a
detention camp.
More... ‘But he had been in the camp for over six months, and
when he returned to Alego he was very thin and dirty. He had difficulty
walking, and his head was full of lice. He was so ashamed, he refused to enter
his house or tell us what happened.’
In a 2008 interview, Sarah Obama claimed that he was
‘whipped every morning and evening’ by the British. ‘They would sometimes
squeeze his testicles with metal rods. They also pierced his nails and buttocks
with a sharp pin, with his hands and legs tied together. He was lucky to
survive. Some of his fellow inmates were mutilated with castration pliers and
beaten to death with clubs.’
But Maraniss, who researched Obama’s life in Kenya,
Indonesia, Hawaii and the mainland United States, found that there were ‘no
remaining records of any detention, imprisonment, or trial of Hussein Onyango
Obama’. He interviewed five people who knew Obama’s grandfather, who died in
1979, who ‘doubted the story or were certain it did not happen’.
This undermines the received wisdom that Obama’s
grandfather was a victim of oppression, an assumption that has in turn fuelled
theories that Obama harbours an animus towards Britain based on a deeply-rooted
rage about the way Onyango was treated.
John Ndalo Aguk, who worked with Onyango before the
alleged imprisonment and was in touch with him weekly afterwards said he 'knew
nothing' about any detention and would have noticed if he had gone missing for
several months.
Zablon Okatch, who worked with Onyango as a servant
to American diplomats after the supposed incarceration, said: ‘Hussein was
never jailed. I know that for a fact. It would have been difficult for him to
get a job with a white family, let alone a diplomat, if he once served in
jail.’
Charles Oluoch, whose father was adopted by Onyango,
said that ‘he did not have any trouble with the government in any way'.
Dick Opar, a relative by marriage to Onyango and a
senior Kenyan police official, gave what Maraniss judged to be the most
authoritative word. ‘People make up stories,’ he said. ‘If you get arrested,
you say it was the fight for independence, but they are arrested for another
thing.
‘I would have known. I would have known. If he was in
Kamiti Prison for only a day, even if for a day, I would have known.’
Maraniss also casts a sceptical eye on Obama’s
grandmother’s tales of racism in Kansas, doubting whether she was ever
chastised for addressing a black janitor as ‘Mister’ or ridiculed for playing
with a black girl.
Obama himself, Maraniss finds, deliberately distorted
elements of his own life to fit into a racial narrative. The author writes that
Obama presents himself in his memoir as ‘blacker and more disaffected’ than he
really was.
The memoir ‘accentuates characters drawn from black
acquaintances who played lesser roles his real life but could be used to
advance a line of thought, while leaving out or distorting the actions of
friends who happened to be white’…
In the forward to his memoir, Obama wrote that ‘for
the sake of compression, some of the characters that appear are composites of
people I’ve known, and some events appear out of precise chronology’.
But Maraniss writes that Obama’s book is ‘literature
and memoir, not history and autobiography’ and concludes: ‘The character
creations and rearrangements of the book are not merely a matter of style,
devices of compression, but are also substantive.’
Writing about his schooldays, Obama created a friend
called Regina, a symbol of the authentic black American experience that Obama
yearns for.
Maraniss found, however, that Regina was based on
Caroline Boss, a white student leader at Occidental College. Regina was the
name of Boss’s Swiss grandmother.
The book also notes that Obama removed two white
roommates in Los Angeles and New York from his story. Obama himself told
Maraniss in a 90-minute interview that a racial incident involving a New York
girlfriend had in fact happened in Chicago.
A tale of the father of Obama’s Indonesian stepfather
Soewarno Martodihardjo being killed by Dutch soldiers as he fought for
Indonesian independence turns out to be ‘a concocted myth in almost all
respects’, Maraniss finds.
According to the book, both Obama’s father and his
paternal grandfather were abusive towards women and Maraniss finds that Obama’s
story that he was abandoned by his father when he was two was false – in fact,
Obama’s mother fled to Washington state a year earlier, possibly because she
was being beaten.
A character in Obama’s memoir called Ray, portrayed
as a symbol of young blackness, is in fact based on a fellow pupil who was half
Japanese, part native American and part black and was not a close friend.
‘In the memoir Barry and Ray, could be heard
complaining about how rich white haole [upper class white Hawaiian] girls would
never date them. In fact, neither had much trouble in that regard.’
Obama notes of his own grandfather that he was apt to
create ‘history to conform with the image he wished for himself’.
Maraniss, who also wrote an acclaimed biography of
Bill Clinton, suggests that throughout his life Obama himself, following on
from his forbears on both sides, has done the same thing.
http://www.dailymail.co.uk/news/article-2161817/Obamas-grandfather-Stanley-Armour-Dunham-tortured-British.html#ixzz1yIt8JZKV
Prisonplanet.com | Lew
Rockwell joins Alex to discuss the latest in the Ron and Rand Paul controversy.
{ I include this and infowars/prisonplanet
headlines so as not to be accused of first amendment obstruction. Yet, I’m
constrained to point out that I was censored on the alex jones sites who
despite endlessly complaining about censorship, do so themselves (particularly
regarding American inherently criminal predispositions, which of course lead
ineluctably to much of what alex jones complains about, especially corruption).
Jones et als complain about jivetalking pre-disposed failed president and
dictatorial despot wobama yet seek to be wobama’s best friends in embracing
whatever it is that yields proven failure and ominously worse by a petulant
attitude that ignores the reality of flawed americana. Fortunately, the
grueling primary battle of which Ron Paul was a willing participant has yielded
the ultimate winner in November in the person of President Mitt Romney. Sadly,
jones remains ‘mr. tubby not too bright’ (he really isn’t that bright) from
Texas who just can’t help himself as the moth to the flame in ineluctably
embracing losing whenever he can, chiding others for not following his lemming path beyond the
precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never resonated
despite equal opportunity to do so), which makes him a loser in spades. He’s
really become quite an embarrassment to anyone who has ever appreciated his
attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and
will post no others, and will delete the account registration in short
order. http://albertpeia.com
}
Alex Jones’
infowars.com/prisonplanet.com
Contact PrisonPlanet.com
Please cancel my
registration / account without delay!
Thank you.
Signed: Albert L
Peia Dated: 6-17-12
http://albertpeia.com/tubbyjonesnottoobright.htm
UK Daily Mail | A former
professor of Barack Obama has turned against his one-time student and publicly
urged voters not to re-elect him. http://albertpeia.com/wobamalawprofessorsaysdefeatobama.htm
Prisonplanet.com
| Lew Rockwell joins Alex to discuss the latest in the Ron and Rand Paul
controversy. { I include this and infowars/prisonplanet headlines so as not to
be accused of first amendment obstruction. Yet, I’m constrained to point out
that I was censored on the alex jones sites who despite endlessly complaining
about censorship, do so themselves (particularly regarding American inherently
criminal predispositions, which of course lead ineluctably to much of what alex
jones complains about, especially corruption). Jones et als complain about
jivetalking pre-disposed failed president and dictatorial despot wobama yet
seek to be wobama’s best friends in embracing whatever it is that yields proven
failure and ominously worse by a petulant attitude that ignores the reality of
flawed americana. Fortunately, the grueling primary battle of which Ron Paul
was a willing participant has yielded the ultimate winner in November in the
person of President Mitt Romney. Sadly, jones remains ‘mr. tubby not too
bright’ (he really isn’t that bright) from Texas who just can’t help himself as
the moth to the flame in ineluctably embracing losing whenever he can, chiding
others for not following his lemming
path beyond the precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never
resonated despite equal opportunity to do so), which makes him a loser in
spades. He’s really become quite an embarrassment to anyone who has ever
appreciated his attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and
will post no others, and will delete the account registration in short
order. http://albertpeia.com
} http://albertpeia.com/tubbyjonesnottoobright.htm
In
four days the state has hit 12 jurors and four alternates with an avalanche of
stories, evidence and descriptions they probably could never have imagined.
Sandusky, 68, is facing 52 counts of molesting 10 children over 15 years, using
his influence as a Penn State assistant football coach and the local Second
Mile charity to prey on disadvantaged youth. He maintains his innocence.
Key developments in the sex abuse trial
of former Penn State football ...
Washington Post KEY DEVELOPMENTS: Testimony from three more
accusers Thursday included some of the most graphic details of the trial's four
days and gave the term “tickle monster” a dark, almost nefarious meaning.
Witness testifies Sandusky forcibly raped
him
Unholy mess:
Vatican amidst mafia money-laundering scandal [ The unholy see? Or are they
conveniently blind? ] The Vatican Bank is under media fire as reports emerge
that Italian prosecutors suspect it of laundering Sicilian mafia bosses’
riches.{ I'm surprised they did this there and not here in
the states where drug-money laundering is among other significant crimes,
protected. My reply incorporates my direct experience concerning the foregoing
and then some here in the states:
FIGHT FOR THE FUTURE <[email protected] > I think you
should keep this in mind:
There's not
even the slightest doubt in my mind that they're already monitoring/wiretapping
phones/lines without warrants; and have been doing so for quite some time. [ I
actually confirmed this by measuring the impedance on my line with devices for
said purpose some time ago]. I personally haven't had such pressing need for
privacy; but I support your cause [I also believe they monitor everything you
see on your screen and their supercomputers are getting better/faster, etc.].
What I believe
this is about is their using/referencing same and such for charges, in court or
otherwise, etc..
You must
realize the law, arbitrarily enforced at best, coercive consistent with their
misguided agendas, is all but absolutely meaningless to them except as used to
further their respective agendas. The process is totally corrupt (the very few
exceptions are statistically insignificant). After all, you need only look so
far as the still unprosecuted largest wall street frauds, the government's
illegal drug trade, etc.. [Think of it in terms of arm-twisting without the
twisting; unless of course, you don't see/do things their way, in which case
you may experience the full weight of the law as they arbitrarily apply it. Don't
forget: they have the same employer.]
I've
experienced this first-hand:
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
From a
somewhat recent post and my website: http://albertpeia.com
5-22-12 IF IT
WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE
OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst part of
it ...Obama, who vowed change, has done
almost nothing to fix any of it and in fact continues most of the policies that
helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL
BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE
FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when
taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To Meltdown WOBAMA ET ALS’ DISINGENUOUS ATTACKS
AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT
INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE
BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…IT IS NOTHING SHORT OF TRAGEDY TO
SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING
GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
http://www.albertpeia.com/todayspage.htm http://albertpeia.com/todaysbusinesssummarylinks.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/22signsglobalrecessiondepression.htm http://albertpeia.com
From:
Fight for the Future <[email protected] >[email protected]
Ok, so here's
the latest on CISPA:Click here to call to get a date and time for a meeting now!
(It’s super important)
Nancy Pelosi Wants to Amend the First Amendment Kurt
Nimmo | When
Pelosi says “special interests,” she means interests opposed to establishment
Democrats. [ Here’s a look at the pelosi / wobama styled new california ( 16 Reasons To
Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ) . pelosi’s incompetent / senile in that chronological
order. At his point, wobama the b for b***s*** is just incompetent but acts and
seems as if he’s senile, particularly with regard to previous things he’s said
and prior promises that he’s made. ]
Low IQ & Conservative Beliefs Linked to Prejudice [ I disagree with this speciously reasoned
article. First, all races are prejudiced (I believe there to be and data
supports evolutionary underpinnings to this pervasive trait - beyond the scope
of this comment). Second, careful scrutiny of real, unfiltered data, coupled
with command and knowledge of statistics and probabilities lead ineluctably to
certain conclusions/outcomes that political correctness would love to ignore to
the ‘innocent’ populace’s detriment and peril. Third, a study emanating from
canada is hardly the touchstone for credible ‘universal’ application inasmuch
as, though hardly a random sampling, I have personally found canadians to be
thieves and criminals without exception thus far in my direct experience. As
such, I’d say this specious study to be somewhat self-serving at best, and
spurious egalitarian propaganda at worst. Rationally based, meaningful,
uncorrupted law and enforcement, though rare, are a prescription for dealing
with base human instincts. It may not always be pretty, but reality counts! ]
http://theeconomiccollapseblog.com
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers
have disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called america. The reality is that
there are so many americans that are not in jail who
should be in
jail, it’s difficult to avoid these harsh third world
measures in what
has essentially become a third world nation overrun by
the most sordid, despicable criminals on e can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal
americans within. Moreover, the corruption is pervasive and systemic.
Unfortunately, crime pays in america and pays well; and, God help you if you
try to live within the law and get in their way or potentially cost them money
or some of their illegal business because no one else will. There’s criminal
control at all levels of american society. That’s the problem; with the
relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’. That’s
reality! That said, it’s the ‘for or agin’ me primitive mentality that pervades
the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the
realm of possibility which ultimately is the sad consequence of the worst of
human nature which is invariably inclined to go too far in the worst way. The
sad fact is that as with any banana republic, the governmental powers that be
go to whatever nefarious lengths necessary (control by whatever means, at some
level) to unreasonably maintain their access to undeserved power, money,
resources, luxuries, etc., invariably to
the detriment of the vast majority as is so here in america today. There are
very few positive things that can be said of america today. I, for one, cannot
think of any at all!
[ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }
Obama
Should ‘Remove Eric Holder’ and ‘Just Come Clean’ on Fast and Furious, Says
Rep. Steve King
CNSNews.com | “If I
were the president of the United States, I would find a way for Eric Holder to
step down, and it would be characterized as a firing,”
Trail
of Death: Breitbart Coroner Turns Up Dead, Arsenic Poisoning Suspected
Patrick Henningsen | Another
dead body turns up in LA, this time it’s a veteran coroner technican connected
to the Andrew Breitbart case.
http://albertpeia.com/95percentofjobslostmiddleclass.htm
http://albertpeia.com/21unansweredquestions.htm
BIN LADEN WAS ALREADY DEAD http://albertpeia.com/binladenwasalreadydead.htm
Bin
Laden: Everyone Is Missing the Big Picture
: George Washington 04/30/2012
BLIND CHINESE ACTIVIST: THE PERFECT NEW
AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND!
Chinese
Activist Makes Plea to U.S. Congress... Obama under
fire...
US
Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks
Prisonplanet.comWhy
Is It Necessary For The Federal Government To Turn The United States Into A
Prison Camp?
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers
have disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called america. The reality is that
there are so many americans that are not in jail who
should be in
jail, it’s difficult to avoid these harsh third world
measures in what
has essentially become a third world nation overrun by
the most sordid, despicable criminals on e can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal americans
within. Moreover, the corruption is pervasive and systemic. Unfortunately,
crime pays in america and pays well; and, God help you if you try to live
within the law and get in their way or potentially cost them money or some of
their illegal business because no one else will. There’s criminal control at
all levels of american society. That’s the problem; with the relatively few
non-criminally inclined, criminal by complicity inasmuch as americans are for
the most part gutless cowards who go along to get along along with a million
other excuses, not the least of which is ‘the price was right’. That’s reality!
That said, it’s the ‘for or agin’ me primitive mentality that pervades the u.s.
government, ‘thought police’, arbitrary powers of detainment, abrogation of
first admendment rights, internet intrusion/censorship, arbitrary enforcement
of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the
realm of possibility which ultimately is the sad consequence of the worst of
human nature which is invariably inclined to go too far in the worst way. The
sad fact is that as with any banana republic, the governmental powers that be
go to whatever nefarious lengths necessary (control by whatever means, at some
level) to unreasonably maintain their access to undeserved power, money,
resources, luxuries, etc., invariably to
the detriment of the vast majority as is so here in america today. There are
very few positive things that can be said of america today. I, for one, cannot
think of any at all!
[ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] }
http://albertpeia.com/fastestgrowingreligioninamericaislam.htm
May 3, 2012 By gpc1981 http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
Some pictures for the past quarter http://albertpeia.com/42712pics.gif
http://albertpeia.com/notgoingtohappen.htm
{ First, let me say at the outset, that if Ron Paul’s
grandmother had had wheels, she’d have been a trolley car. Not going to happen!
Second, I include this article on my website as a matter of first amendment
principle, encouraged by the authors of their website so to do. Third, and most
important, it doesn’t matter what Ron Paul does at this point. He’s totally
irrelevant as he’s proven over and over again to be at the end of an atypically
grueling primary campaign. Quite simply, with plenty of opportunity to do so,
Ron Paul never resonated with the primary voters of his own party, which party
he himself chose. In a general election, Ron Paul would be lucky to get
(probably the low end of the range of) 15%-25% of the vote. Remember: we’re not
talking about a high school debate here, but rather an american general
election with all its faults. There isn’t one vote that potentially goes to the
failed president obama that couldn’t/wouldn’t as likely go, and upon reflection
with rationality the criteria would go to Mitt Romney. Obviously, that’s
clearly not the case for Paul. Wobama‘s a jive-talking loser who failed to do
what he said he’d do last time around which we now know if he had done this
nation and the world would be in a better position this day. Mitt Romney really
wants to be President, which of course is not the decisive test. He’s smart
enough, and flexible enough (which set up the primary battles to follow) to be
President of all the nation. He wanted it, fought for it, and has earned it. At
the age of 77, one could only at best say of Ron Paul that he should have
started sooner. At worst, given that Paul’s chosen defacto to favor the side of
collectively the losers for the proven loser, the mentally troubled b***s***
artist obama; which then makes him no more than a loser himself, and an
embittered, senile old man at that. I side with the former missionary,
President Mitt Romney and First Lady Ann who I congratulate for their victory
in what I further believe will be a blowout victory in November. }
http://albertpeia.com/governmentchippinaway.htm
http://albertpeia.com/24factsproveamericaanationofslobs.htm
INFOWARS.COM
http://www.infowars.com On the
Wednesday, May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann , founder and director of the Northeast Intelligence
Network. He is also the CEO of a private investigative agency serving a roster
of Fortune 500 clients. Due to his expertise in covert surveillance and
counter-terrorism, Mr. Hagmann has been used as an operational asset by the
U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York
State Police agencies. Earlier this month, Doug said high-level, reliable
sources told him the Department of Homeland Security is preparing for “massive
civil war” in America as a result of a collapse of the dollar and the
hyperinflation that will result. Alex also continues his coverage of the Army's
re-education camps and the upcoming Bilderberg confab in Virginia.
http://albertpeia.com/foodkills.htm
Obama criticizes Romney as 'backwards on equality' President
Barack Obama wasted little time casting Republican rival Mitt Romney as
"backwards on equality" on Thursday, eager to transform his historic
embrace of same-sex marriage into donor... { Except that wobama’s been as he
puts it, backwards on equality until one day ago when he embraced same sex
marriage for election-year expedience in desperation after opposing same for
years; and, don’t forget, despite promises to the contrary, no prosecutions for
the big frauds on wall street who remain in wobama’s monkey-eyes more equal
than others. The wobamas, wobama, stand for nothing whatsoever and are just a
pair of grifters who make the entire nation, if not the world, look dumb and
foolish! }
http://albertpeia.com/illegalimmigranttaxscam.htm
Poll: Obama
Trails Romney By 7 Per Cent
Rasmussen Reports | The
Rasmussen Reports daily Presidential Tracking Poll for Friday shows Mitt Romney
earning 50% of the vote and President Obama attracting 43% support.
AFP | The top-secret US National Security
Agency is not required to reveal any deal it may have with Google.
Newsweek cover: Obama ‘first gay president’
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}
{
First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant
species descended from initially notochords, primitive chordates, and
relatively more recently primitive apes. http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm
http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are. Make no mistake; the reality is
that the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The
Elite Believe That You Are Ruining Their Planet And They Want You To Stop
Reproducing {
First and foremost clarification: There are no elite on this planet. The grim reality for this planet is a dominant
species descended from initially notochords, primitive chordates, and
relatively more recently primitive apes. http://albertpeia.com/anthroindex1.htm , for a
brief but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/targetinguscitizens.htm
http://albertpeia.com/biguscitiescesspoolsoffilthdecaywretchedness.htm
http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
http://albertpeia.com/10signsamericanhighwaysnowhightechprisongrid.htm
L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 http://albertpeia.com/blackonbrowncrime.htm
{ When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! } http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
'Failure': Romney slams Obama on economy Mitt Romney called
President Barack Obama's handling of the economy a "moral failure of
tragic proportions," suggesting he's failed the American people by
enacting policies that have been "muddled, confused and simply
ineffective." Speaking at a campaign event in St. Louis, the Republican
nominee said it is "painfully obvious" that Obama was "inexperienced"
and "simply [...] { Come on! This is really so blatantly true; and, what
could have been expected with 150 fundraisers plus more vacations than any
predecessor, aside from photo ops and teleprompted b***s*** sessions to hear
himself talk, as with wobama himself, there’s been nothing of substance! IF IT WAS ONLY ONE
THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES;
FROM INVARIABLY BROKEN CAMPAIGN PROMISES ( Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary
on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds
on wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag despite
Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO
VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT –
THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT
OBFUSCATING FRAUD, Obama's Five
Trillion Dollar Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when
taking into account real inflation numbers. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To Meltdown WOBAMA ET ALS’ DISINGENUOUS ATTACKS
AGAINST ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT
INCREASING SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE
BLOATED, NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT (Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There
will be no significant recovery in the United States of America while Barack
Obama is President. The evidence is overwhelming: everything Obama
has tried to fuel a recovery (with his Democratic allies in Congress) has
failed. Statistics claiming jobs saved by the stimulus package were
mostly fiction, and cost American taxpayers about $275,000 each. Nearly
2-1/2 million fewer Americans have jobs than before the stimulus. Barack Obama
has been President for 30 months—2-1/2 years. He spent the first year obsessed
with passing Obamacare, a program that doesn’t create jobs, but might destroy a
lot of them. He “bailed out” GM, but many believe that his interference
didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole
from legitimate investors to buy off the UAW. His broken campaign promises
are too numerous to list…’). IT IS NOTHING SHORT OF
TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF
JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA …
GOOD RIDDANCE! }
http://albertpeia.com/25questionsmainstreammedianoanswers.htm
CNet News | The United
Nations is considering a new Internet tax targeting the largest Web content
providers. Drudgereport: REPORT: UN
to take up 'global Internet tax' proposal … [ It is unfathomable that anyone
takes such a failed organization as the u.n. seriously; they’re a costly,
extravagant, waste of money! Any costs so leveyed should be deducted from dues
foolishly and wastefully paid to the u.n.. Time to abolish the u.n.! ] ... { The
UN Wants Complete Control Over The Internet And That Would Mean Unprecedented
Censorship, Taxes And Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm }
http://endoftheamericandream.com
http://albertpeia.com/howtodietime.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of
man. }
[
12
Pictures That Demonstrate How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the so-called new world order
are in no real position to mock anyone, so mockable as they indeed are, as the
incompetent vegetables that they in fact are, who have been the very architects
of ultimately their own and the planet’s decline, fall, and demise. Yet, there
is no question but that the ‘masses’ so mocked, deserve to be mocked, having
embraced their dismal fate at every turn; viz., their embrace of ‘political
correctness’, though contraindicated, as, ie., the embrace of the violent,
destructive nigger who literally would have them for dinner, or the compulsion
to embrace that which the state says is right, though contraindicated, for
political expedience owing to failure fed (including the incompetent missteps
of the failed fed) desperation, ie., gay marriage, etc., contrived wars /
conflicts, among other clearly observable, self-interested behavior of people,
companies, nations, including the gargantuan bailed out frauds on wall street
to everyone’s (but the frauds’) detriment, still unprosecuted. That the
jive-talking, b***s*** artist/grifter/con-man obama has not been held to even
one of his former now broken campaign promises and is embraced by those foolish
enough to believe more of the same is testament to how deserving of mocking the
masses truly are (people should be outraged and wobama should be ‘ridden out on
a rail’). Make no mistake; the reality is that the ‘new world order’/so-called
‘elite’ are not elite at all; but rather, incompetent vegetables who can’t do
anything right as they’ve now proven time and time again. As I previously said: ‘What should be done with elderly Americans when they
become very seriously ill? Should we try to save their lives or should we
just let them die? Unfortunately, there is a growing consensus among the
"intellectual elite" that most elderly people are not going to have a
high enough "quality of life" to justify the expense of costly life
saving procedures. This philosophy is now being promoted very heavily
through mainstream news outlets, in our television shows and in big Hollywood
movies. The elite are attempting to convince us that killing off our sick
grandparents is cool and trendy. We are being told that "pulling the
plug" on grandma and grandpa is compassionate (because it will end their
suffering), that it is good for the environment and that it is even good for
the economy. We are being told that denying life saving treatments to old
people will dramatically reduce health care costs and make the system better
for all of us. We are being told that it is not "efficient" for
health insurance companies to shell out $100,000 for an operation that may
extend the life of an elderly person by 6 months. But the truth is that
all of this is part of a larger agenda that the elite are attempting to
advance. As I have written about previously, the elite love death , and they truly believe that reducing the
population is good for society and good for the planet. Sadly, population
control propaganda has reached a fever pitch in recent months.
Time Magazine has just come out with a very shocking
cover story entitled "How To Die". The article goes on and on
about how wonderful and compassionate it is to remove life saving treatment
from sick relatives.
A recent article by Mike Adams summarized the message
of this disgusting article....
Inside, the magazine promotes a cost-saving death
agenda that encourages readers to literally “pull the feeding tubes” from their
dying elderly parents, causing them to dehydrate and die. This is explained as
a new cost-saving measure that drastically reduces return hospital visits by
the elderly… yeah, because dead people don’t return to the hospital, of course.
Many of you also probably remember the Newsweek cover
story from a couple years ago that was entitled "The Case for Killing Granny ".
Underneath that shocking title was the following
phrase: “Curbing excessive end-of-life care is good for America.”
According to the author of that article ,
spending less money on the elderly is the key to successful health care
reform....
The idea that we might ration health care to seniors
(or anyone else) is political anathema. Politicians do not dare breathe the R
word, lest they be accused—however wrongly—of trying to pull the plug on
Grandma. But the need to spend less money on the elderly at the end of life is
the elephant in the room in the health-reform debate. Everyone sees it but no
one wants to talk about it. At a more basic level, Americans are afraid not
just of dying, but of talking and thinking about death. Until Americans learn
to contemplate death as more than a scientific challenge to be overcome, our
health-care system will remain unfixable.
Sadly, articles like that one are becoming quite
frequent in mainstream media sources.
Just a few days ago, a Bloomberg article entitled
"How 'Death Panels'
Can Prolong Life " declared that we must "deny treatment to people
who want it" in order to hold down costs....
In short, all the Republican talk during the
health-care- reform debate about “death panels” was melodramatic and unfair,
but not ridiculous. One way or another, holding down health-care costs will
require policies that deny treatment to people who want it. And want it because
it will extend their lives.
This goes on already, all the time. Health insurance
companies have been known to deny payment for treatments deemed unnecessary.
Age limits for organ transplants are another example. All policies that involve
denying care because of “quality of life” considerations are, in effect, “death
panels.” But no society can afford to give every citizen every possible
therapy. Medicare is going broke trying.
So who are we supposed to deny treatment to?
The elderly of course.
According to that Bloomberg article, we are supposed
to kill off our sick grandparents because the "quality of life" they
would be expected to have if they recover would not be enough to warrant
spending so much to save them....
A $200,000 operation can add a year or two to the
life of an octogenarian, or it can save decades of life for younger people. In
a country like the U.S., with an average life expectancy of 78.5, it takes 10
septuagenarians who get an extra five years from the health-care system to
balance a single 30- year-old who gets 50 extra years. Or save the life of a newborn,
who then enjoys a normal life span and dies at 78.5, and you have the same
impact on national life expectancy as 16 operations on septuagenarians. The
average national life expectancy can increase even as the cost goes down.
This is the kind of thinking that starts happening in
a society that dramatically devalues life.
If human life has little value, then it is easy to
start justifying things that would have once been unthinkable.
For example, one surgeon is now suggesting that we
should start harvesting organs from patients before they die ....
Dr. Paul Morrissey, an associate professor of surgery
at Brown University's Alpert Medical School, wrote in The American Journal of
Bioethics that the protocol known as donation after cardiac death -- meaning
death as a result of irreversible damage to the cardiovascular system -- has
increased the number of organs available for transplant, but has a number of
limitations, including the need to wait until the heart stops.
Because of the waiting time, Morrissey said that
about one-third of potential donors end up not being able to donate, and many
organs turn out to not be viable as a result.
Instead, he argues in favor of procuring kidneys from
patients with severe irreversible brain injury whose families consent to kidney
removal before their cardiac and respiratory systems stop functioning.
Do you want your organs harvested before you are
dead?
Sadly, those that often do need organ transplants the
most these days are often denied for "quality of life" issues as
well.
For example, at one U.S. hospital a 3-year-old girl
named Amelia was denied a kidney transplant that she
desperately needed simply because she is considered to be "mentally
retarded".
These are the kinds of decisions that are being made
by doctors and by health insurance companies all over America every day.
And did you know that life-ending drugs are going to
be 100% free under Obamacare?
I did not know this until I read a Christian Post article the
other day....
A Christian-based legal defense alliance is warning
Americans who already believe that President Barack Obama's health care plan is
a bad idea that the "ObamaCare mandate is worse than you think."
"Everyone likes a good surprise, but no one
likes a bad surprise. So, you're really not going to like the surprises buried
in the 2,700 pages of this document," says the narrator of a short video
produced by the Alliance Defense Fund.
"Did you know that with ObamaCare you will have
to pay for life-saving drugs, but life-ending drugs are free. One hundred
percent free. If this plan were really about health care wouldn't it be the
other way around?"
Apparently they want to make it as easy to off
yourself and your relatives as possible.
So where is all of this headed?
Are we eventually going to become like the
Netherlands?
In the Netherlands, mobile euthanasia teams
are now going door to door to help elderly patients end their lives in the
comfort of their own homes.
Is that what we want?
Do we want government agents going door to door to
help people die?
As I have written about previously, the elite believe
that the world is massively overpopulated and they believe that all of us are ruining their planet .
So they love euthanasia, abortion and pretty much anything else that will result in
more people ending up dead. What are your thoughts about all of this?
Please feel free to post a comment with your opinion below....’
Sobbing
witness, 18, details sex abuse in Sandusky trial { The defense: just a frolicking,
cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! ‘…
"After cracking my back and rubbing his hands down the back of my shorts
and blowing on the stomach, he, he put his mouth on my privates," the man
said, holding back sobs as a silent courtroom listened. "I didn't know
what to do. With all the thoughts running through my head I kind of blacked
out, I didn't want it to happen," the witness added. The witness began to
cry and said Sandusky later had forced him to put his mouth on the coach's
genitals…’ } http://albertpeia.com Crying witness gives graphic Sandusky account Witness: I saw Sandusky in the showers with a boy
Shooting rattles Auburn msnbc.com Three young men, including two
college students, were killed and three others wounded in a Saturday night
shooting in Auburn, Ala. Ex-football players dead in Auburn shooting [ Niggers will be niggers! ]
Darrell
Issa schedules contempt vote on Eric Holder
Politico | A House committee will vote next week
on holding Attorney General Eric Holder in contempt of Congress.
Mood toward Romney's prospects brighten
What Obama isn’t telling us
A.M. Freyed | There’s plenty of oil, and even
the global elites can’t hide it anymore.
The
United States Has Plenty Of Oil: 10 Facts About America's Energy Resources That
Will Blow Your Mind http://endoftheamericandream.com
http://albertpeia.com/10factsaboutamericanenergyresources.htm
[ Well , first off, since we’re only talking
decades at best, I agree the alarmist propaganda is all for naught. Yet, make
no mistake, those who equate shale oil, deep water oil, etc., with that close
to the surface, easily recovered, ie., sweet crude,
are as misguided. It’s kind of like that ‘asteroid mining’ that’s ‘become the
rage’. Firstly, in hollywood (oh yeah, we’ve seen
them digitally land on asteroids, planets as in Avatar, etc., with ease and
without a hitch), they don’t keep books the way other businesses do, at least
on the creative end, viz., ie ., Cameron. And, what do
you expect a former pilot to say, etc.? As an example of ‘fuel price makes a
difference’, anyone who thinks american airlines among
others went bankrupt because they’re so horribly managed or because they felt
like strategically avoiding their debt would be mistaken. For airlines it’s all
about fuel costs and load factors, capital intensive that they are, and pennies
literally do make a difference. Costs of extraction make a difference. Oh sure,
there’s loads of oil. It’s all about the costs of getting it. Peak oil really
has been reached in terms of ‘easy pickins ’. Some
even argue/document persuasively that current reserves of the ‘easy pickins ’ are over-stated.
]
Infowars.com | As the
Queen waves on, relatively few remember the cold-blooded murder which was then
used as a giant psy-op on the public. Europe's
Banking Union 'Non-Solution' , Guest Post: God Don't Save The Queen { You know, I recently have become somewhat
bored of the topic ‘jolly old england’ despite their glaring failure across the
board, and a noisome intrusiveness as here, for me, ie., orange street, conn.
( http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , etc.,
and all the negatives entailed therewith; yet, there’s something so nauseating
about that cloyingly bothersome nothingness that bespeaks old england, that ‘go
along, get along and pretend’, that I include the following from Zerohedge.com
that’s accurate, fair comment. } "Crowds Cheer Queen On Last Day of Jubilee"
Time Monarchies are supposed to be antithetical to
freedom. Today, the only difference between the
systematic malfeasance and plunder that existed under the rule of monarchs and
that which defines the state is the ballot box. Too much of
the public still behaves with the mindset of servants. They are
pathetically docile to those who hold the keys of their shackles. What the celebration of
Queen Elizabeth’s sixty year rule showed is that the people of Great Britain
never really escaped from monarchy. See
also, http://albertpeia.com/esotericagenda.flv
http://albertpeia.com/2trapsdestroyingnextgenerationofamericanmen.htm
http://albertpeia.com/totheguillotine.htm
Ming Wu Murder CBS
Los Angeles . [ { Yup! Typical
lawless, uncivilized niggers! The following comment to the article sums it up:
‘Three blacks shooting two Chinese students. Where is the public outcry and
protests? Where are all of those that were screaming injustice when Trayvon
Martin was shot?’ }http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
http://albertpeia.com/whydoesmainstreammediaignorebilderberggroup.htm
Submitted
by Tyler
Durden http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
http://endoftheamericandream.com
http://albertpeia.com/2yearsinprison.htm
{ I personally am against any and all forms of corporal punishment, ie.,
hitting, striking, spanking, etc., of a child and include this article as a
matter of first amendment principle. I understand that in an inherently and
pervasively lawless nation as america, the surface appeal of corporal
punishment is compelling. I disagree with the author’s premise: ‘ When many
of us were growing up, once in a while our parents would take out a belt or a
wooden paddle and give us a paddling on the behind when we did something wrong.
Was there anything wrong with that? Of course not.’ }
Americans target of state-sponsored assassination
program
Paul
Joseph Watson
President Barack Obama’s
unconstitutional secret ‘kill list’ includes a 17-year-old girl along with
several American citizens, according to a New York Times report.
“Mr. Obama has placed himself at the helm of a top secret
“nominations” process to designate terrorists for kill or capture, of which the
capture part has become largely theoretical. He had vowed to align the fight
against Al Qaeda with American values; the chart, introducing people whose
deaths he might soon be asked to order, underscored just what a moral and legal
conundrum this could be,” reports
the NY Times , adding that one of the targets in Yemen is “a girl who looked
even younger than her 17 years,” and that “Several were Americans.”
The White House has asserted the right to carry out
state-sponsored assassination anywhere in the world without having to provide any
evidence or go through any legal process. The administration merely has to
state that the target is a terrorist and it doesn’t matter whether they are an
American citizen or not, as we saw in the case of American-born
Anwar al-Awlaki and his son , who were both killed last year.
In December, Obama
administration lawyers reaffirmed their backing for state sponsored
assassination, claiming that “U.S. citizens are legitimate military targets”
and do not have the right to any legal protection against being marked for
summary execution.
During
a CBS 60 Minutes interview in January , Secretary of Defense Leon Panetta
revealed that Obama himself personally approves the policy to kill American
citizens suspected of terrorism without trial on a case by case basis.
“So it’s the requirement of the administration under
the current legal understanding that the president has to make that
declaration, not you?” Panetta was asked, to which he replied, “That is
correct.”
The fact that the administration is carrying out
state-sponsored assassination with absolutely no regard to legal due process in
the name of fighting Al-Qaeda is particularly brazen given the fact that the US
has backed Al-Qaeda terrorists in both Libya and Syria in the effort to
overthrow Colonel Gaddafi and Bashar Al-Assad.
“In the USA, it is illegal to impose executions on
people under 18, something that most Democrats would support, I suppose. Yet,
their vaunted president, Barack Obama, has declared that a 17-year-old girl is
to be gunned down if American spies can find her,” writes Bill
Anderson .
“Somehow, I doubt that there will be a peep of
protest about that at the Democratic National Convention this summer. And, to
make things even more depressing, I’m sure that the Republicans will claim that
Obama is “soft on terrorism” and is too “timid” to launch the U.S. Killing
Machine in full force. So it has come to this: Washington, D.C., is the new
home of Murder, Inc.”
Given that spy drones used to hunt down insurgents in
Afghanistan and Iraq are now not only being deployed domestically but
also armed with non-lethal weapons , how long before such technology is used
to assassinate American citizens on U.S. soil based on the mere claim that the
target is a terrorist?’ http://albertpeia.com/20signsamericaoverrunbypsychos.htm
http://endoftheamericandream.com
http://albertpeia.com/usmultilingual.htm
Woman
charged in NJ deaths of 2 Canadian tourists AP
Romney opens new front vs Obama: schools are failing
Romney fires back: Election is about Obama's record
Romney
promotes education agenda, defends Bain Originally
planning to focus on education, Mitt Romney instead reignited the debate over
his business credentials on Wednesday, welcoming scrutiny of the private equity
firm he co-founded and declarin...
http://albertpeia.com/top50excusesfornotprepping.htm
‘Queen of Disco’ Donna Summer ‘thought she became ill
after inhaling 9/11 particles’ { She was not alone in that regard; and, I
believe it. When you have (as I have) read innumerable studies / etiologies
regarding the synergistic effects of multiple, known inhaled carcinogens (ie.,
in the context of asbestos litigation), you realize that such as also reported
by first responders, is neither fantasy, paranoia, nor fabrication. } London
Telegraph |
The singer had told friends she believed her illness was the result of inhaling
toxic dust from the collapsed Twin Towers.
‘JERSEY
BOY BRUCE’, STALWART WOBAMA SUPPORTER, WILL HE CHANGE THE WORDS TO: ‘Wasn’t
Born in the U.S.A.’ , ‘Wasn’t Born in the U.S.A.’ Say
it isn’t so ,‘Jersey Boy Brucie’! Sing
it Brucie: Not
born in the usa, Not
born in the usa, O’s
not born in the usa, O
wasn’t born in the usa! breitbart.com | Obama’s publisher reveals more
evidence Obama in violation of the Constitution. Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16
Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace
as Kenya, Suddenly Changing it to Hawaii in 2007 Ahead of Bid for Highest
Office
Infowars | Obama’s
own authorized biography while president of the Harvard Law Review says he was
“born in Kenya.”
Paul
Joseph Watson | Establishment media pulls stunt in effort to diffuse
‘birther’ controversy.
Establishment media pulls stunt in effort to diffuse
‘birther’ controversy
Paul
Joseph Watson Infowars.com Friday, May 18, 2012
The establishment media hastily seized on yesterday’s
explosive story about a literary publication listing Barack Obama’s birthplace
as Kenya in an effort to claim that the 1991 brochure was the “origin” of the
entire ‘birther’ issue. In reality, evidence that Obama was born in the African
country is abundant.
A literary agent’s promotional text for a 1991
brochure released
yesterday by Breitbart.com states Obama was “born in Kenya and raised in
Indonesia and Hawaii.”
Yahoo
News , along with a deluge of other mainstream news outlets, responded by
reporting that the document was potentially the “source” of the birther
controversy and had merely been a mistake.
The literary agent who wrote the description, Miriam
Goderich, now works with Dystel & Goderich agency, which lists Obama as one of its clients .
Unsurprising therefore that Goderich hastily claimed listing Obama’s birthplace
as Kenya was “nothing more than a fact checking error.”
However, evidence to indicate that Obama war born in
Kenya is plentiful and it goes significantly beyond the 1991 version of the
brochure.
- Despite claiming the passage about Obama’s
birthplace being Kenya was a mistake, the listing still maintained that Obama’s
birthplace was Kenya until after Obama became a U.S. Senator. “Goderich’s
statement fails to explain why the “fact checking error” persisted for sixteen
years, through at least three different versions of Jane Dystel’s website, and
through at least four different versions of Obama’s biography,” reports
Breitbart.com .
- The literary agency also updated
the text in June 1998 , but the part about Obama being born in Kenya was
retained.
- The text was again updated in February 2005 to
reflect the fact that Obama had become a Senator, but Kenya was still listed as
his birthplace.
- After an April 2007 modification of the text, the
passage still read Obama, “was born in Kenya.”
- As
Steve Boman reveals , the Dystel & Goderich agency asks its clients to
submit their own biography, meaning it’s virtually impossible the listing of
Obama’s birthplace as Kenya could have been a “fact checking error” on behalf
of the literary company itself.
- During a speech about HIV, First Lady Michelle
Obama said she and Barack Obama “visited his home country of Kenya.” Watch the
clip below.
- In 2008, Obama’s paternal step grandmother
appeared to indicate publicly that Barack Obama was born in Kenya. In an
interview conducted by American Christian minister Ron McRae, Sarah Obama was
asked, ‘Were you present when your grandson was born in Kenya?’” McRae
testified in his sworn statement. “This was asked to her in translation twice,
and both times she replied, “Yes! Yes she was! She was present when Obama was
born.”
- Another source who met Sarah Obama told World Net
Daily, “I have keenly and attentively listened to the tape over and over again,
and I can confirm from Sarah’s own confession that Barack Obama was born in
Kenya in her presence.”
- A separate Kenyan government official agreed,
stating, “I have listened to the tape. The preacher asked whether Barack Obama
was born in Mombassa, and the translator asked the same. When she said
Mombassa, it was like a surprise, and those there thought she could not have
meant to say Mombassa.”
- When New York Times bestselling author Jerome Corsi
traveled to Kenya to investigate the claims, he was almost immediately kicked out
of the country by Kenyan officials.
- When Kenya’s National Security Intelligence Service
investigated claims that Obama was
born in Kenya , officials in Nairobi found “relevant birth records may have
been removed or were missing.”
- Obama has deep political connections in Kenya. From
2006 onwards he rallied
in support of Islamist Raila Odinga in Kenya , helping him impose Sharia
law. When Odinga lost the Kenyan election in 2008, his supporters rioted,
unleashing a wave of violence. Despite the bloodshed, Obama used his influence
to aid Odinga in retaining his position as part of a coalition government.
For the mainstream media to imply that the 1991
brochure is the “source” of the claim that Obama was born in Kenya is
completely inaccurate. Not only was that brochure updated many times right up
until 2007, with the information about Obama’s birthplace being Kenya retained,
but there are numerous other factors which all indicate that Kenya could indeed
be Obama’s homeland.
*********************
Paul Joseph Watson is the editor and writer for Prison Planet.com . He is the author of Order
Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show and
Infowars Nightly News.
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Infowars.com | Alex
speaks with Congressman Walter B. Jones, Jr. about H.CON.RES.107.
New evidence in Trayvon Martin case raises
more questions
On the Thursday, May 17,
2012 edition of the Alex Jones Show, Alex talks with former FBI translator and
founder of the National Security Whistleblowers Coalition, Sibel
Edmonds . Her
allegations of misconduct within the FBI following the attacks of September 11,
2001, came to the attention of the Senate Judiciary Committee and led to a call
for an independent audit of the FBI's translation unit. She subsequently gave
sworn testimony accusing current and former members of the government of
treasonous activity. Edmonds is the subject of a documentary, Kill the Messenger Boiling Frogs Classified Woman: The Sibel Edmonds Story Bombshell: Obama “Born in Kenya” Infowars | Obama’s
own authorized biography while president of the Harvard Law Review says he was
“born in Kenya.”
Aaron Dykes |
Publicist says “fact checking” not correspondence with Obama to blame, as
apology is rushed out
Infowars | Over 16
Years, Obama’s Literary Agency Circulated Official Biography Listing Birthplace
as Kenya, Suddenly Changing it to Hawaii in 2007 Ahead of Bid for Highest
Office
Infowars | Paul
Harvey predicts the future with the radio piece from the early 90′s.
Infowars | Obama’s
own authorized biography while president of the Harvard Law Review says he was
“born in Kenya.”
breitbart.com | Obama’s
publisher reveals more evidence Obama in violation of the Constitution.
Paul Joseph Watson | Defense Secretary re-affirms Obama
administration’s unconstitutional stance. { Wow! Talk about making up the
‘rules’ as you go along! Absolutely shocking! }
Prisonplanet.com | Defense
Secretary Leon Panetta says the President has the authority to override
Congress’ exclusive power to declare war, if some “vital interest” is at stake.
{ Wow! Talk about making up the ‘rules’ as you go along! Absolutely shocking! }
INFOWARS.COM
http://www.infowars.com On the
Wednesday, May 9 edition of the Alex Jones Show, Alex talks with Douglas J. Hagmann , founder and director of the Northeast Intelligence
Network. He is also the CEO of a private investigative agency serving a roster
of Fortune 500 clients. Due to his expertise in covert surveillance and
counter-terrorism, Mr. Hagmann has been used as an operational asset by the
U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York
State Police agencies. Earlier this month, Doug said high-level, reliable
sources told him the Department of Homeland Security is preparing for “massive
civil war” in America as a result of a collapse of the dollar and the
hyperinflation that will result. Alex also continues his coverage of the Army's
re-education camps and the upcoming Bilderberg confab in Virginia.
http://albertpeia.com/42712pics.gif
RT | A new
Department of Defense document has been leaked to the Web that details
“Internment and Resettlement Operations.”
Paul Joseph Watson |
Political activists would be pacified to sympathize with the government.
http://albertpeia.com/whatwhosehistory.htm
http://albertpeia.com/unsoundslikeaplanfordisasterontheway.htm
How Liberty Was Lost
Paul Craig
Roberts | When did things begin going wrong in America?
http://albertpeia.com/howlibertywaslost.htm
‘When did things begin going wrong in America?
“From the beginning,” answer some. English colonists,
themselves under the thumb of a king, exterminated American Indians and stole
their lands, as did late 18th and 19th century Americans. Over the course of
three centuries the native inhabitants of America were dispossessed, just as
Israelis have been driving Palestinians off their lands since 1948.
Demonization always plays a role. The Indians were
savages and the Palestinians are terrorists. Any country that can control the
explanation can get away with evil.
I agree that there is a lot of evil in every country
and civilization. In the struggle between good and evil, religion has at times
been on the side of evil. However, the notion of moral progress cannot so
easily be thrown out.
Consider, for example, slavery. In the 1800s, slavery
still existed in countries that proclaimed equal rights. Even free women did
not have equal rights. Today no Western country would openly tolerate the
ownership of humans or the transfer of a woman’s property upon her marriage to
her husband.
It is true that Western governments have ownership
rights in the labor of their citizens through the income tax. This remains as a
mitigated form of serfdom. So far, however, no government has claimed the right
of ownership over the person himself.
Sometimes I hear from readers that my efforts are
pointless, that elites are always dominant and that the only solution is to
find one’s way into the small, connected clique of elites either through
marriage or service to their interests.
This might sound like cynical advice, but it is not
devoid of some truth. Indeed, it is the way Washington and New York work, and
increasingly the way the entire country operates.
Washington serves powerful private interests, not the
public interest. University faculties in their research increasingly serve
private interests and decreasingly serve truth. In the US the media is no
longer a voice and protection for the people. It is becoming increasingly
impossible in America to get a good job without being connected to the system
that serves the elites.
The problem I have with this “give up” attitude is
that over the course of my life, and more broadly over the course of the 20th
century, many positive changes occurred through reforms. It is impossible to
have reforms without good will, so even the elites who accepted reforms that
limited their powers were part of the moral progress.
Labor unions became a countervailing power to
corporate management and Wall Street.
Working conditions were reformed. Civil rights were
extended. People excluded by the system were brought into it. Anyone who grew
up in the 20th century can add his own examples.
Progress was slow–unduly so from a reformer’s
standpoint–and mistakes were made. Nevertheless, whether done properly or
improperly there was a commitment to the expansion of civil liberty.
This commitment ended suddenly on September 11, 2001.
In eleven years the Bush/Obama Regime repealed 800 years of human achievements
that established law as a shield of the people and, instead, converted law into
a weapon in the hands of the government. Today Americans and citizens of other
countries can, on the will of the US executive branch alone, be confined to
torture dungeons for the duration of their lives with no due process or
evidence presented to any court, or they can be shot down in the streets or
exterminated by drone missiles.
The power that the US government asserts over its
subjects and also over the citizens of other countries is unlimited. Lenin
described unlimited power as power “resting directly on force, not limited by
anything, not restricted by any laws, nor any absolute rules.”
Washington claims that it is the indispensable
government representing the exceptional people and thereby has the right to
impose its will and “justice” on the rest of the world and that resistance to
Washington constitutes terrorism to be exterminated by any possible means.
Thus, the American neoconservatives speak of nuking
Iran for insisting on its independence from American hegemony and exercising
its rights to nuclear energy under the non-proliferation treaty to which Iran
is a signatory.
In other words, Washington’s will prevails over
international treaties that have the force of law, treaties which Washington
itself imposed on the world. According to the neoconservatives and Washington,
Iran is not protected by the legal contract that Iran made with Washington when
Iran signed the non-proliferation treaty.
Iran finds itself as just another 17th or 18th
century American Indian tribe to be deprived of its rights and to be
exterminated by the forces of evil that dominate Washington, D.C.
The vast majority of “superpower” americans plugged
into the Matrix, where they are happy with the disinformation pumped into their
brains by Washington and its presstitute media, would demur rather than face my
facts.
This raises the question: how does one become
unplugged and unplug others from the Matrix? Readers have asked, and I do not
have a complete answer.
It seems to happen in a number of ways. Being fired
and forced to train your H-1B foreign replacement who works for lower pay,
being convicted of a crime that you did not commit, having your children stolen
from you by Child Protective Services because bruises from sports activities
were alleged to be signs of child abuse, your home stolen from you because a
mortgage based on fraud was given the force of law, laid off by “free market
capitalism” as your age advanced and the premium of your employer-provided
medical insurance increased, being harassed by Homeland Security on your
re-entry to the US because you are a non-embedded journalist who reports
truthfully on US behavior abroad. There are many instances of Americans being
jolted into reality by the “freedom and democracy” scales falling away from
their eyes.
It is possible that becoming unplugged from the
Matrix is a gradual lifelong experience for the few who pay attention. The
longer they live, the more they notice that reality contradicts the
government’s and media’s explanations. The few who can remember important stuff
after watching reality shows and their favorite sports teams and fantasy movies
gradually realize that there is no “new economy” to take the place of the
manufacturing economy that was given away to foreign countries. Once unemployed
from their “dirty fingernail jobs,” they learn that there is no “new economy”
to employ them.
Still seething from the loss of the Vietnam War and
anger at war protesters, some flag-waving patriots are slowly realizing the
consequences of criminalizing dissent and the exercise of First Amendment
rights. “You are with us or against us” is taking on threatening instead of
reassuring connotations, implying that anyone who opens his or her mouth in any
dissent is thereby transformed into an “enemy of the state.”
More Americans, but far from enough, are coming to
the realization that the extermination of the Branch Davidians at Waco in 1993
was a test run to confirm that the public and Congress would accept the murder
of civilians who had been demonized with false charges of child abuse and
gun-running.
The next test was the Oklahoma City Bombing in 1995.
Whose explanation would prevail: the government’s or that of experts? Air Force
General Partin, a top expert on explosives, proved conclusively in a heavily
documented report given to every member of Congress that the Murruh Federal
Office Building blew up from the inside out, not from the outside in from the
fertilizer car bomb. But General Partin’s facts lost out to the government’s
propaganda and to Congress’ avoidance of cognitive dissonance.
Once the “national security” government learned that
its pronouncements and those of the presstitute media carried more weight than
the facts presented by experts, conspiracies such as Operation Northwoods could
be put into play. A 9/11 became possible.
The Pentagon, CIA, and military/security complex were
desperate for a new enemy to replace the “Soviet threat,” which had ceased to
exist. The military/security complex and its servants in Congress were
determined to replace the profits made from the cold war and to preserve and
increase the powers accumulated in the Pentagon and CIA. The only possible
replacement for the Soviet threat was “Muslim terrorists.” Thus, the creation
of the “al Qaeda threat” and the conflation of this new threat with secular
Arab governments, such as Iraq’s and Syria’s, which were the real targets of
Islamists.
Despite the evidence provided by experts that secular
Arab governments, such as Saddam Hussein’s, were allies against Islamic
extremism, the US government used propaganda to link the secular Iraq
government with Iraq’s enemies among Islamic revolutionaries.
Once Washington confirmed that the American public
was both too ignorant and too inattentive to pay any attention to events that
would alter their lives and jeopardize their existence, every thing else
followed: the PATRIOT Act, the suspension of the Constitution and destruction
of civil liberty, Homeland Security which has quickly extended its gestapo
reach from airports to train stations, bus terminals and highway road blocks , the criminalization of
dissent, the equating of critics of the government with supporters of
terrorism, the home invasions of antiwar protesters and their arraignment
before a grand jury, the prosecution of whistleblowers who reveal government
crimes, the equating of journalism organizations such as WikiLeaks with spies.
The list goes on…’
Paul
Joseph Watson | The five core reasons why Obama should be
impeached.
THE FIVE CORE REASONS WHY OBAMA SHOULD BE IMPEACHED
Paul
Joseph Watson
A new national movement has been launched to impeach
President Obama based around five core issues which clearly demonstrate how
Obama has flagrantly violated the Constitution.
The campaign, backed by director, producer, actor and
writer Sean Stone, is a follow-up to North Carolina Republican Walter Jones’
efforts to bring the administration to account for launching unconstitutional
wars without the authorization of Congress. Jones’
recently introduced resolution states that such actions represent “an
impeachable high crime and misdemeanor.”
The five core reasons for impeachment proceedings to
be launched can be summarized as follows;
#1) Despite
promising otherwise, Barack Obama committed U.S. military resources to
overthrow Libyan leader Colonel Gaddafi without any kind of congressional
authorization whatsoever and without citing any evidence that Libya under Gaddafi
was a threat to the security of the United States. Furthermore, Obama brazenly
undermined the power of Congress by insisting his authority came from the
United Nations Security Council and that Congressional approval was not
necessary. “I don’t even have to get to the Constitutional question,” Obama
churlishly remarked.
#2) On New
Years Eve 2011, Obama signed into law the National Defense Authorization Act
which includes provisions that permit the abduction and military detention
without trial of U.S. citizens. Despite Obama claiming he would not use the
provisions to incarcerate U.S. citizens, it was
his administration that specifically demanded these powers be included in
the final NDAA bill.
#3) The
passage of the Obamacare bill, under which Americans will be forced to buy
health insurance, is clearly anathema to the Constitution. “The individual
mandate is unprecedented and exceeds Congress’s power to regulate interstate
commerce. If it is allowed to stand, Congress will be able to impose any kind
of economic mandate as part of any kind of national regulatory scheme,” writes
Ilya Shapiro , a Senior Fellow in Constitutional Studies, Cato Institute.
#4) Obama’s
role in the economic looting of America since he took office is unprecedented.
Specifically, Obama violated the Constitution’s Takings and Due Process Clauses
when he bullied the secured creditors of automaker Chrysler
into accepting 30 cents on the dollar while politically connected labor unions
and preferential others received better deals.
#5) Finally,
Obama’s use of signing statements shows his desire to continue in the vein of
George W. Bush and rule by executive fiat. This is a direct violation of
Article II of the Constitution.
You can support this effort to get political momentum
behind starting the impeachment process against Obama by forwarding this
article and video to your network on Facebook, Twitter, You Tube and every
other platform of communication.
If the makers of Kony 2012 can receive international
viral coverage for putting out a film that was little more than a veiled call
for another unconstitutional invasion, this call to impeach Obama deserves
equal attention.
Read further information about the reasons why Obama
should be impeached here .
Gerald Celente: The Empire is Collapsing
Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
11 percent of population and they always have thier
hands out begging for more.No matter how much yougive them its never
enough.Filthy animals is all they are.
Dandroid Reply:
Show trial to keep the peace? Cities will burn if hes
found not guilty!
Startover Reply:
Let the cities burn, send the Army in to finish them
off
There is only one victim in this case and that is
Zimmerman
Eduard Reply:
Precisely!! That was my thought. This press release
sounded more like a minor league actress thanking everyone at a Grammy Award
for her success. Then again, I can’t emphasize enough how despicable the
“lawyer” field really is. There is no shame in it. The profession is a giant
conflict of interest. Moreover, the rules of lawyer ethics always being
pulpitted is nothing more than consumable fodder for the gullible. Ethics and
lawyers? Laughable isn’t it? That’s like Lucifer passing out copies of the
decalogue. This whole twist to the “mestizo-reported-as-a-white man” Zimmerman
case has notched into a renewed effort of politicalization for formenting a
racial war. …’ ]
http://endoftheamericandream.com
http://albertpeia.com/stripyouanytime.htm
http://theeconomiccollapseblog.com
http://governmentparasitesforobama.htm
http://albertpeia.com/19thingstvtalkingheadsdontsay.htm
Aaron Dykes | Only
global government can save humanity, researchers claim while echoing MIT/Club
of Rome model for collapse by 2030.
10
Things Online Data Collectors Won't Say
- They know your online browsing secrets. We reveal their hidden tactics.
By TANIA KARAS
http://albertpeia.com/10thingsonlinedatacollectorsdontsay.htm
1.
"We're always watching you." I f you're reading this on the Internet,
chances are you're being followed. More than 200 data collection companies and
ad networks use approximately 600 different tracking technologies to gather and
sell information on people's web habits, according to Abine, an online privacy
firm that tracks the trackers. The online advertising industry is a $31 billion
business fueled largely by behind-the-scenes exchanges of consumers' personal
online shopping and browsing habits.
Web-based commercial data collectors work by quietly
dropping bits of code called cookies on user computers, which allow collectors
to track what people read, click or buy. That information, collected by
companies such as BlueKai and DoubleClick (a Google subsidiary), is sold in
real-time exchanges to ad networks, which then target segments of users with
ads fitting their interests. Someone who just searched Expedia for information
on Puerto Rico, for example, would be almost instantly hit with ads featuring
San Juan hotels and resorts. Billions of these exchanges occur daily. Search
engines and social networking sites such as Google and Facebook also track user
data to generate targeted advertising. The result? The new cell phone or spring
sandals users willed themselves not to buy show up in ads alongside their
morning news.
Companies in the U.S. spend more than $2 billion
annually to tap into consumer data, according to Forrester Research. Data
trackers, ubiquitous across the web, are collecting, storing and sharing more
information than ever before, says Chris Babel, CEO of online privacy solutions
provider TRUSTe. "It's happening on nearly every site, all the time,"
he says.
2.
"You can't really opt out of data tracking..." People may "opt out" of the targeted
advertising so common on the web, but that doesn't mean data collectors will
stop following their every electronic move. In 2010, the Digital Advertising
Alliance introduced a tool that alerts web users that their data is being
collected and used for targeted advertising. Consumers who fill out an online
form will no longer see targeted ads. However, their web click patterns will
still be recorded, stored and sold to marketers, says Linda Woolley, executive
vice president of the Direct Marketing Association, a trade group for
marketers. Tracking companies built their businesses around using and selling
their information to clients, she says.
And those who click "opt out" only get a
temporary reprieve from the ads. As soon as they clear their browser cookies,
users inadvertently opt back in, experts say, because they also get rid of the
cookie that told ad networks not to target them. Consumers' best bet, say
experts, is downloading a powerful, free add-on like Abine's, which works on
all major browsers and continually updates itself to protect users from new
trackers.
3.
" And 'Do Not Track' options won't stop us either." In addition to "opting out," many web
browsers now offer "do not track" options, which actually send a
signal to data collectors telling them not to track users. Various web browsers
have different default settings for tracking. Safari, for example,
automatically blocks third-party cookies that track users. Firefox accepts
cookies, so it is up to the users to go into the settings and turn them off.
Right now "opt out" and "do not track"
are often the same in practice. In fact, recent privacy debates have centered
on the ambiguous definition of the terms. Currently there is no industry-wide
"do not track" standard. Studies show most web users interpret it to
mean their data will not be collected, but the online ad industry interprets it
to mean the same thing as opting out, Woolley says. Tracking companies will
continue to collect information on web users, but they won't target them with
ads based on their data.
Unfortunately not all data tracking companies comply
with do-not-track requests, says Sarah Downey, a lawyer and privacy expert for
Abine. "Right now, do not track doesn't necessarily stop data collection
or development of profiles about you," says Downey. "And it doesn't
stop your data from being stored, collected and sold to the highest
bidder." According to Woolley, online advertisers continue dropping
cookies on users who don't want to be tracked for their own internal purposes.
"There are lots of operational reasons why data collection is
needed," she says, such as fraud prevention and product development.
Currently the Federal Trade Commission is pushing
browser makers to adopt do-not-track tools and encouraging online ad networks
to respect users' do-not-track settings. In a report on digital privacy
released by the FTC recently, the agency said it would support legislation that
defines "do not track" as zero data collection.
4.
"We know your secrets." Data trackers may know a woman is pregnant even
before she tells her loved ones. They figure it out based on the web pages and
advertisements clicked on recently. Target recently came under fire for combing
through customer shopping patterns to identify potential soon-to-be-parents.
Like other retailers, Target assigns its shoppers with a personalized code that
lets the company record their every interaction with the store, from e-mails to
web browsing to physical store visits. (Target declined to comment.) True, this
kind of data crunching is mostly innocuous, but many web users have a word to
describe it: creepy.
Retailers have used predictive analytics for years to
help parse customer buying patterns -- and consumers often benefit. After all,
it's not the worst thing to see ads for bridal dresses just as one's planning a
wedding. Browsing and purchase history tracking by retailers provide value to a
customer they would miss if they weren't tracked, says Fatemeh Khatibloo, an
analyst for Forrester Research who covers the consumer data economy.
The potential danger, say privacy experts, is data
trackers' access to a new realm of information on the web. "It's not just
your past purchase history," says Chris Conley, a technology and civil
liberties fellow for the ACLU of Northern California. Online data collection
could conceivably be troubling if web history is used against someone to deny a
credit card, job or health insurance, says Babel.
Such practices would be against industry standards,
says Woolley. "Marketing data should never be used to make those kinds of
decisions. It should only be used for marketing purposes," she says.
5.
"We don't know your name..." As powerful as the data-tracking tools are, the one
thing the software often doesn't know is: the user's real name. Instead,
consumers' page visits are tied to a random string of numbers designed to keep
personally identifiable information private. These unique IDs follow a user
around the web, informing data trackers which ads he or she is statistically
likely to click based on past web-browsing habits.
Data brokers like Acxiom say they screen collected
information to make sure it was obtained according to their privacy standards.
"Our program qualifies all of the data we bring in" to ensure
consumer privacy is protected, says Jennifer Barrett Glasgow, the company's
chief privacy officer.
6.
"...but we can probably figure it out." The more online data trackers know about you, the
anonymous web surfer, the easier it becomes for them to tie it to you, the
person. For example, if a user is the only 65-year-old grandmother in Ames,
Iowa who belongs to a certain gym and went to a particular college, it's just a
matter of time before companies accumulate enough information to figure out her
name, experts say. From there, data brokers can easily take online information
offline, where they can obtain information such as a residential address from
public documents. That information also gives companies insight into user's
income stream.
Joseph Turow, a University of Pennsylvania professor
studying Internet database marketing, maintains it's easy for multiple data
collectors to combine databases and identify users. "Eventually someone
might get you to fill out a form containing your name," says, author of
"The Daily You: How the New Advertising Industry Is Defining Your Identity
and Your Worth." Prior to that "you were User 56765 based on your
cookies. You were anonymous, and now you're not," he says -- and this lack
of anonymity makes users more vulnerable to identity fraud.
Woolley, however, says people should "absolutely
not" be worried that data collectors will waste resources identifying
individuals. "Nobody has an interest in doing that," she says.
"Advertisers are interested in aggregated data -- entire categories of
people who are interested in a particular product."
But just because data trackers don't have the time to
trace anonymous data back to individuals doesn't mean nobody will. In 2006,
Netflix released customer movie-rankings as data sets in a contest without
identifying individuals by name. But the company drew the ire of customers and
the Federal Trade Commission after some users were able to figure out the names
of people ranking the movies. The company reached a deal with the FTC and canceled the contest . A similar incident happened when AOL
released its search logs in 2006, prompting an apology from the company. These
cases show that not all data collectors and ad agencies take proper steps to
protect sensitive personal information, privacy experts say.
7.
"We control who sees the best discounts and deals." The web does not treat all users equally. Because
data collectors can infer things like one's income level and credit score based
on sites visited, they can also influence which products people see advertised
what prices they are charged, Turow says. Companies like Acxiom use
high-powered analytics tools to group web users into like categories based on
monetary indicators, media consumption, age and other factors. They can sell
their clients access to specific audiences, letting marketers pinpoint
customers with the highest value and bypass the users who'll never click on an
ad.
Data collectors "affect what ads consumers see
and what coupons they get," Turow says. When they categorize consumers,
"it may affect the way we see the world and see ourselves," he adds.
To be sure, categorizing consumers "has been happening in marketing for
decades," says Khatibloo. "The best customers get the $10 gift card
or a free gift and the ones who don't spend any money, don't," she adds.
8.
"We're tracking your smartphone, too." The smartphone revolution didn't go unnoticed by data
trackers. Consumers now spend 94 minutes daily on mobile apps and 72 minutes
surfing the web on their phones, according to Flurry, an analytics and
advertising company. Smartphone users are gold mines for data trackers and ad
networks, which are often integrated into mobile apps, experts say. These
so-called ad libraries have "access to your contacts, geo-location, call
records, and other information that's stored on your phone," says Conley.
On a computer, by comparison, data trackers can only see what one does in a web
browser window.
Mobile ad networks target smartphone owners by
tracking actions tied to a unique device identification number, a cookie-like
code specific to each smartphone. These IDs let ad networks know where the
owner of a particular smartphone has been on the mobile web. And that allows
app-makers and advertisers to better target phones with ads. They can track
users as they move from app to app to learn more about their interests. Unlike
cookies within the web browser on a laptop, the unique ID on mobile apps can't
be erased. This is potentially dangerous because of the sheer amount of data
people keep on their phones, says Conley.
In February, a mobile social-networking app called
Path was discovered to be uploading the full names, emails and phone numbers of
contacts stored in its users' phones -- without their permission. If Path had
been hacked, Babel says, people's private information would have been free for
the taking. Path recently said it will scramble data it collects from phones to
protect sensitive information it gathers. Congress is now investigating the
data collection techniques of 34 mobile app-makers, including Path.
After the Path incident, Apple stepped up efforts to
phase out unique device IDs. But advanced tracking companies like Mobile App
Tracking and BlueCava are prepared for the switch. They now use a technology
called "digital fingerprinting" that creates precise digital profiles
of users that will recognize the same person no matter what device they use. In
other words, these companies can tell it's you whether you're surfing the web
on a computer, iPad or phone. "We look for correlating pieces of data that
might indicate it's the same user," says BlueCava CEO David Norris. He
argues digital fingerprinting is actually safer because users can install
privacy settings, such as "do not track," across all their devices.
It's still unclear, consumer privacy experts say, if the new technologies will
be any better for consumers than traditional unique IDs.
9.
"The information we have on you could be wrong." Just because data trackers try their best to know
your every move on the web doesn't mean they always get it right.
Carole Sharwarko, a 33-year-old woman in Homewood,
Ill., says the ads that pop up on her browser about pregnancy and babies --
likely aimed at her due to her age and gender-- make her anxious about still
being childless. "All the ads I see are about enrolling my kid in some
cutest baby contest or regaining my pre-baby body," she says.
Marketing mix-ups like these are perhaps more
annoying than harmful. But where erroneous data on individuals can cause
trouble, say privacy experts, is in the case of commercial data collectors.
These sites gather information on individuals from publicly available sources
into detailed dossiers available to anyone online for little or no cost. Many
of these firms are unregulated. One data collection site, Spokeo, combines the
data users willingly share online with public records mined from phone books,
marketing surveys, real estate listings and other sources, according to its
website. "It's basically an FBI background check for $3.95," Downey
says. "They're profiting off you, and you're not able to do anything about
it." A spokesman for Spokeo says the company makes no guarantee the
information is accurate.
There's no one-stop shop where users can view and
edit the digital profiles data brokers create for them. But the FTC targeted
such companies in its recent consumer privacy report calling for legislation
that would give consumers access to data collected about them and allow them to
edit it when necessary.
Sites like Reputation.com already monitor and correct
erroneous information about its users -- for a fee. Insurance companies and
employers may vet potential applicants by searching them online, says
Reputation.com CEO Michael Fertik, so scrubbing the web of this kind of data protects
users from harm. Simple web browsing information collected by data tracking
firms, however, wouldn't fall under Reputation.com's radar. So, for now at
least, consumers like Sharwarko have no recourse but to ignore the misfired
ads.
10.
"Your personal data may be worth thousands of dollars." In a report last year, the World Economic Forum
called personal data the "new oil," a valuable resource of the 21st
century that's fueling a new wave of economic activity. The online ad industry
alone is expected to balloon to $34 billion this year, according to analysts.
Though it's hard to put a dollar amount on the value of one person's data to a
data broker or ad firm, estimates range from a fraction of a cent for a single
piece of data to $5,000 for a full digital profile. Buyers of certain products,
like luxury goods or expensive health-related devices, are worth more to
advertisers, Fertik says, so ad networks will pay more to reach them.
What's more, Turow says, data collectors often lure
users into handing over even more information with the promise of gifts and
coupons. "You might think you're getting a free gift, but once you give
out that information, your value goes up far more than the value of whatever
they've given you," he says. People should be wary of handing over
personal details like their names, addresses or birthdates to marketers, he
advises.
Militarization
of Police in America: Trained by Mossad Press TV | Treating
peaceful American protesters like terrorists.
{ Trained by mossad? How pathetic if true! Oh, yeah, they cheered the
firey implosion of the 911 twin towers; not too difficult to figure out why.
After all, with america now in their game (that ‘pearl harbor event’ the
neocons / military industrial complex, etc., were shootin’ for), it would give
them time for their orgies, typical bacchanalia, extravagance, etc., see Victor Ostrovsky en.wikipedia.org/wiki/Victor _Ostrovsky
Jump to By Way of Deception By Way of Deception to draw
attention to the corruption and shortcomings of the mossad …}
http://albertpeia.com/cellphoneprisonershackedandtracked.htm
Timeline: Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm
The Daily Bell
| These bills are all about the criminalizing of the Internet. [ Yes,
indeed! Consistent with and as set forth infra in this article, my direct
experience is that connecticut is just a corrupt nothing state that’s a ‘go
along to get along participant’ in the new york/new jersey corruption/mob axis.
Virginia is similarly corrupt with government mob a dominant player with a
parasitic/symbiotic relationship with mob as well as non-mob aka ‘sometimes
politics’; and california is just out to lunch which is consistent with
reputation which is reality; though still light years better than, ie., jersey,
etc.. On Drudge recently and my comment: Arizona
Passes Sweeping Internet Censorship Bill…[ arizona is such a nothing, desert
wasteland of a state; with war-mongering, neo-con moribund loser mccain a
testament to that fact]... ]
US
Internet Criminalization Now Pursued at State Level – Conn. Attacked The
Daily Bell
ACLU Blasts ‘Electronic Harassment’ Bill; Says It
Criminalizes Free Speech … The American Civil Liberties Union of Connecticut is
blasting a bill proposed by state prosecutors that would make “electronic
harassment” a crime — including such acts as posting information on the
Internet that “has the effect of causing substantial embarrassment or
humiliation to [a] person within an academic or professional community.” The
bill, which comes up for a public hearing by the legislature’s judiciary
committee Thursday, “criminalizes speech that is protected by the First
Amendment of the Constitution,” said Sandra Staub, legal director for the state
ACLU. “It’s vague. It’s overbroad.” For example, Staub said, it contains “no
standards for substantially interfering with someone’s academic performance.” –
N Hartford Courant
Dominant
Social Theme: Now SOPA moves to the states. Good.
Free-Market
Analysis: These bills are all about the criminalizing of the
Internet. Now that SOPA has been pushed back on the federal front, the action
is turning to the states. The idea, in our view, is to whittle away at the
Internet bit by bit. Create precedent at the state level and then move in again
at the federal level.
The powers-that-be don’t like the Internet or what we
call the Internet Reformation that has changed the context of the power
debate in the US and throughout the world.
The Internet has exposed the memes of the elite,
the dominant social themes that are used to promote world government by
scaring people into cooperating with internationalist facilities like
the UN.
The powers-that-be are using the same strategies as
regards the Internet. They are trying to convince people that a series of
organized electrons are as a dangerous as a dark alley on a bad side of town.
The Internet needs to be seriously policed and criminalized.
SOPA itself was an attempt at this criminalization.
Here’s something from Wikipedia on the bill, which has not passed thus far:
The Stop Online Piracy Act (SOPA) is a United States
bill introduced by U.S. Representative Lamar S. Smith (R-TX) to expand the
ability of U.S. law enforcement to fight online trafficking in copyrighted
intellectual property and counterfeit goods. Provisions include the requesting
of court orders to bar advertising networks and payment facilities from
conducting business with infringing websites, and search engines from linking
to the sites, and court orders requiring Internet service providers to block
access to the sites. The law would expand existing criminal laws to include
unauthorized streaming of copyrighted content, imposing a maximum penalty of
five years in prison. A similar bill in the U.S. Senate is titled the PROTECT
IP Act (PIPA).
Whether or not these bills are being written by
well-meaning people, they have the result of turning a free-speech arena into a
criminally patrolled environment. As a result, communication will suffer and
the ability of people to explain to each other the Way the World Works will
also degrade. Here’s more from the article excerpted above:
As the bill is written, someone could be charged with
electronic harassment — and, theoretically, jailed for up to a year and fined
$2,000 because the crime would be a “class A” misdemeanor — if he or she posted
information about a person that was true, Staub said. For example, she said,
even if a student posted accurate information on Facebook saying that a certain
professor had committed misconduct in the past, and that professor found it
embarrassing or humiliating, the professor could ask the police to arrest the
student.
Civil statutes and long-established case law already
deal with allegations of defamation — a person can sue for slander or libel if
his or her reputation is damaged by untrue information — and there’s no need to
criminalize the issue, Staub said.
The virtue of civil defamation law is that a person
cannot be held liable for defamation if the offending statement is true, Staub
said, noting that the “electronic harassment” bill, as written, even removes
truth as a defense.
Besides, Staub said, in a free society citizens
should be able to offer negative opinions that may not even be absolute fact.
Students should be allowed to rate the performance of professors, for example,
by offering criticisms that they are inept or seem to take their lectures right
out of some textbook, Staub said. “We have a constitutional right to annoy,
bother, and offend, basically.”
Whatever else the ACLU may be, they have moments when
they perform a real service, as in this case. There is nothing on the Internet
that needs another law to confront it, as Staub herself notes. “Moreover, there
are already criminal laws under which people are arrested for threatening and
harassing others, she said. These existing criminal statutes contain
well-established standards for what constitutes a crime — such as making statements
to a person that cause him or her to fear physical harm.”
Perhaps a key point made in the article is a
statement by Staub that the bill, Senate Bill 456, “has emerged seemingly out
of nowhere, relatively far into the legislative session … ‘I have no idea why
this bill is here.’”
We think we do, though. The US is apparently in the
grip of directed history. A small criminal clique has grasped control of the US
and is driving the country and the world toward global government. The Internet
stands in their way and they will destroy it if they can.
Who knows if the Connecticut bill will go anywhere.
It is “overly broad,” to say the least. But its introduction in Connecticut –
a fascist mess of a state – is notable.
It does seem, in our humble view, to mark another
expansion of the elite’s war against the Internet in the US. Perhaps there are
similar initiatives being pursued in other states as well.
Conclusion: They begin
at the federal level. That’s the first and simplest option. But now they are
likely starting to work their way down to state and even municipal levels if
necessary. This is how the dialectic is pursued.
United
States of Mass Murder: Only Mao Killed More
Kurt Nimmo | The
United States killed more than Stalin and Hitler?
http://theeconomiccollapseblog.com
http://albertpeia.com/tornadoestothemidsection.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/preppers.htm
Timeline:
Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm
Prison Planet.com | “We want
to create (what’s called) a global minimum tax”.
Washington Examiner | Rush was
wearing a grey hoodie under his suit jacket. [ Typical nigger in the house of
bad black reps. Female members, keep your purses close when ‘bobby bobby r’ is
near; the temptation might prove to be too much for his inner nigger soul man. ]
http://endoftheamericandream.com
http://kidsterrorizedbyterrordrills.htm
Kurt Nimmo | French
citizens visiting “extremist” websites would be treated same as those who look
at child pornography.
[ Little nicky is so pathetic and a testament
to how far france has fallen. Former ‘mossady’, this pro-zionist incompetent
has really pulled france down, including his affront by ejecting his French
wife in favor of the ‘experienced’ italian carla bruni, while midstream in
public office no less. Like obama, he sounded like the ‘old biddies’ they are
in plaintively expressing their displeasure with the bloodthirsty incompetent
war-monger netanayahu (that ‘leave the microphone trick’). How pathetic for the
world to have such failed leadership. The problem is, as with Galileo, Copernicus,
etc., what if the ‘extremists’ are right? All truth passes through three stages.
First, it is ridiculed. Second, it is violently opposed. Third, it is accepted
as being self-evident. --Arthur Schopenhauer And,
who determines what’s extreme? ]
Drudgereport:
Obama gets
personal over killing of black Florida teenager... Urges
'soul-searching'... More Miami
schools stage mass walk-outs... Gingrich
calls Obama's Trayvon comments 'disgraceful'... Cops: Man
threatened to kill police chief at center of case... Jeb Bush:
'Stand your ground' invalid here... Miami Heat
Players Don Hoodies... 'Dead or
Alive' Poster Issued by New Black Panther Party... Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george
clooney is one. Dreadfully boring and with that monotone, monotonous voice and
not that bright, he’s not even able to fake it on screen as an action hero
(ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then
there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a
couple of days not that long ago. The atheist jolie, so fatherly troubled as
she is, has let the equally mentally troubled pitt (she so nutty she makes him
feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be
the closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the
niggers, including niggerbama back to sub-saharan africa! ]
EUROPE
RIDICULES OBAMA... 'Maybe
copy key got stuck on presidential speechwriter's keyboard'... REPORT:
Corzine Ordered $200M Moved to JPMORGAN Days Before MF GLOBAL Collapse... ...memo
contradicts Corzine testimony LATEST
DOCUMENT DUMP: White House was all-hands-on-deck as SOLYNDRA collapse neared... APPLE Flash Crash: Single Trade
Causes 9% Plunge...
APNewsBreak:
Marine critical of Obama faces charge [ This one
caught my eye. While it is true that good soldiering requires absolute
discipline by definition, oaths should be taken seriously, honored, and given
effect. That said, burning Qurans was the product I assume of orders reflecting
even more than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as
with urinating on the bodies of the dead, can and should the actors be held
accountable for such gross stupidity? Absolutely! However, one must be mindful
of the reality that marines invariably have ‘skin in the game’ when it comes to
consequences of commanders in chief incompetence, unlawful acts, poor judgment
particularly as impacted by questionable mental states (arbitrarily taking the
last three presidents as illustrative, viz., clinton, bush, obama certainly
reflect this reality and concern coupled with the unnecessary murderous results
of their actions). There has been a longstanding rebuke of the ‘just following
orders’ defense accorded soldiers since particularly the nazi regime as an
example. As such, Stein certainly should be lauded for saying what all soldiers
should already know; namely, the unlawful detention of americans, among other
constitutionally barred activities should not be among those orders they are
willing to follow. The proscriptions of posse comitatus should also serve as a
guide. This is particularly important given the fragile mental state of
americans generally, and america’s leadership especially. No longer is it, if
ever it was, true that americans can be trusted to do the right thing. In fact,
quite the opposite is true. Wobama is a desperate and incompetent failure as
president whose invariable breach of campaign promises is a testament to his
unsuitability for the office he currently occupies; and, one can only thank
Stein for recognizing what could devolve into a much more serious and
devastating scenario for the nation owing to wobama’s ever increasing political
desperation. Broadly and generally, murky areas as this, even involving the
military, should be resolved in favor of free speech, first amendment
guarantees and against censorship. Guest
Post: The Ascendence Of Sociopaths In US Governance Durden
3-21-12 How did we get here? An argument can be made that
miscalculation, accident, inattention and the like are why things go bad. Those
elements do have a role, but it is minor. Potential catastrophe across the
board can't be the result of happenstance. When things go wrong on a grand
scale, it's not just bad luck or inadvertence. It's because of serious
character flaws in one or many – or even all – of the players. So is there a
root cause of all the problems I've cited? If we can find it, it may tell us
how we personally can best respond to the problems. In this article, I'm going
to argue that the US government, in particular, is being overrun by the wrong
kind of person. It's a trend that's been in motion for many years but has now
reached a point of no return. In other words, a type of moral rot has become so
prevalent that it's institutional in nature. There is not going to be,
therefore, any serious change in the direction in which the US is headed until
a genuine crisis topples the existing order. Until then, the trend will
accelerate. The reason is that a
certain class of people – sociopaths – are now fully in control of major
American institutions.
Paul Joseph Watson | Media
Matters is a White House front group. [ Though a frequent critic of neo-con
Limbaugh, I’m against any and all attempts, particularly by desperate wobama et
als to shut him down based on what he’s said. ]
https://www.eff.org
The Cyber Intelligence Sharing and Protection Act of
2011, introduced by Rep. Mike Rogers and Rep. Dutch Ruppersberger, allows
companies or the government free rein to bypass existing laws in order to
monitor communications, filter content, or potentially even shut down access to
online services for "cybersecurity purposes." Companies are
encouraged to share data with the government and with one another, and the
government can share data in return. The idea is to facilitate detection of and
defense against a serious cyber threat, but the language is so broad it could
be used as a blunt instrument to attack websites like The Pirate Bay or
WikiLeaks. Join EFF in calling on Congress to stop the Rogers cybersecurity
bill.
EFF has previously reported on two instances of
pro-Syrian-government malware targeting Syrian activists through links sent in
chats and emails. Now we've seen new Windows malware dropped by a fake YouTube
site hosting Syrian opposition videos. The fake YouTube page attacks users in
two ways: it requires you to enter your YouTube login credentials in order to
leave comments, and it installs malware disguised as an Adobe Flash Player
update.
Last week was Sunshine Week, a national celebration
of open government and freedom of information. In years past, the Obama
administration has been taken to task for reversing early promises on
transparency. Has it improved?
Why
Are Millions Of Americans Preparing For Doomsday? http://theeconomiccollapseblog.com http://albertpeia.com/preparingfordoomsday.htm Daily Mail article , there are
approximately 3 million preppers in the United States today. Others
believe that the true number is significantly higher than that. This
movement has become so popular that there are now even television shows being
done about preppers. The most popular is probably "Doomsday
Preppers" on the National Geographic Channel. This movement is still
growing and is not going to go away any time soon. In fact, as the world
continues to become even more unstable it is likely that a lot more Americans
will find themselves becoming preppers in the years ahead.So what exactly are all these people so concerned
about? Exactly why are there millions of Americans that are feverishly
preparing for doomsday?
Well, the truth is that you will never find two
preppers that are exactly alike. Some are deeply concerned about the
potential for natural disasters and believe that we are now entering into a
time when there will be catastrophic earth changes. Other preppers
believe that terrorism is the most significant threat to our way of life.
Killer pandemics, an EMP attack , World War III, martial law,
solar megastorms, asteroid strikes and societal chaos are some of the other
things that some preppers are worried about.
Of course an economic
collapse is one of the biggest concerns for preppers, and without a doubt
the U.S. economy is deeply troubled . A collapse of the financial
system would change all of our lives permanently.
But it isn't just preppers that are concerned about
these things.
A recent survey conducted by National Geographic
asked Americans the following question....
"Which of the following, if any, do you think
might happen in the United States in the next 25 years? Please choose all that
apply."
These were the results....
Significant Earthquake 64%
Obviously there are a whole lot of people out there
that feel as though we are heading for some really bad stuff.
So if hard times are coming, why not prepare for
them?
After all, none of us want to end up like the poor
people of New Orleans in the aftermath of Hurricane Katrina. Large
numbers of people were herded into the Superdome and food and water ran out
really fast. There was rampant looting of stores and people were shooting
each other in the streets. It was mass chaos.
The following is what one
Australian blogger experienced while staying in the Superdome during
Hurricane Katrina....
Last night was horrendous. I heard shouting, and
drinks machines being smashed. There’s no sanitation and it’s so smelly. My
hair is greasy and I feel a wreck. There are crack alleys among the maze of
corridors. The lights are broken in the loos which, as well as being
disgusting, have become dangerous, so we now only go as a big group.
More people are arriving, and the dome is like a
refugee camp. I see two soldiers carrying a corpse and we hear there are more
dead in the basement.
As an article in the New York Times from
that time period detailed, food and water were in very short supply and those
cramped into the Superdome were rapidly becoming impatient....
Desperation was in the air. Danielle Shelby tugged at
a reporter's arm. "I have a handicapped daughter," she said.
"She's over there with her wheelchair. She's hot. We don't have any water.
I'm afraid she's going to have a seizure."
Others crowded around. "I've been in the food
line twice, and every time I get to the front they tell me they don't have any
left," said Juanita McFerrin, 80.
Later on in that same article, we are told that there
were fights, rapes and at least one suicide in the Superdome during that
time....
It got worse. Ms. Rousell recalled hearing a loud
bang Tuesday afternoon as the body of a man slapped the concrete at the edge of
the football field in a fatal suicidal plunge, after he apparently learned that
his home had been destroyed. Others told of fights that broke out in food
lines, and of a husband and wife who slugged each other in a wild argument.
Several residents said they had heard of children
being raped, though it was not clear whether anyone reported such incidents to
the authorities, and no officials could be found who could confirm the
accounts.
To get an even better idea of what life in New
Orleans was like in the aftermath of Hurricane Katrina, just check out this video .
Within just a few days food, water and supplies
started pouring into New Orleans and things started slowly getting back to
normal, but imagine what things would look like in this country if we had to
deal with a national disaster that stretched on for months or even years?
Many preppers are not taking any chances. Many
are absolutely determined to be able to take care of their families and friends
no matter what the years ahead may bring.
ABC News recently profiled one prepper named Tim Ralston ....
Tim Ralston, a married father of two from Arizona, is
one such "prepper."
"There's a lot of different things that could
happen," Ralston said. "For me, I look at prepping as kind of like
insurance. You have car insurance, health insurance, life insurance."
Call it Apocalypse insurance. Ralston turned his
family's two-car garage into a staging area. Inside is a trailer, which he
keeps packed and ready to go at all times, stockpiles of freeze-dried food,
including cartons of canned chicken with a shelf life of 15 years, survival
gear, such as a system for purifying polluted water, first aid kits and lots of
weapons and ammunition. His son has his own AK-47.
Some preppers are going to the extreme and are
spending huge amounts of money on their prepping.
CNN recently profiled one Australian prepper that has
spent about $350,000 preparing for
doomsday....
Bast has spent about $5,000 on stockpiles of food and
water, and $11,000 on equipment including gas cookers, generators, batteries,
water purifiers and solar power. He also purchased roughly an acre of land
that's a 75-minute drive from Melbourne and 1,500 feet above sea level (in
order to stay high and dry in case of a flood or tsunami). He has built a house
there, as well as a bunker to serve as his "safe spot" in the event
of an emergency. Together, the land, buildings and bunker have cost him a total
of about $330,000.
He's also spent $10,000 on an 8-year old Toyota HiLux
pickup truck to drive to his safe spot.
But the truth is that prepping does not have to be
expensive.
The key is to start by focusing on the five
basics....
·
Food
·
Water
·
Shelter
·
Energy
·
Self-Defense
There are some practical things that just about
anyone can do even if you don't have a lot of money.
For example, when you go to the store try to pick up
a few extra items that are on sale and add them to your supplies. If you
rotate your food supplies, they won't go bad.
In addition, just about anyone can plant a
garden. Often fruits and vegetables are some of the most expensive items
at the grocery store, and so growing a garden can end up saving you a lot of
money.
Get educated. There are dozens of prepper
websites out there where you can get an education in prepping for free.
The following are a few examples of some of the excellent prepper websites that
are out there today....
*Survival Blog
*American Preppers Network
*The Survival Mom
*SHTFPlan.com
*Prepper Website
*Survival 4 Christians
*Backdoor Survival
*Off Grid Survival
The truth is that our world is becoming increasingly
unstable in a whole bunch of different ways and we all need to learn how to prepare for the difficult years ahead.
As the economy continues to fall apart , America is going to become a very heartless place . You don't want to be caught
in the middle of societal chaos without a plan.
None of us should be relying on the government to
save us when things hit the fan. We all saw what happened after Hurricane
Katrina. Those that were depending on the government were deeply disappointed.
We should all try to become as independent of the
system as we can, because the system is failing. In the years ahead there
might not be anybody to help you and your family, so you need to be working
hard right now to ensure that you and your family will be taken care of.
Yes, as you may have guessed by now, I am a prepper
too. My wife and I moved to an entirely different state and totally
changed our lifestyle to prepare for what is coming.
Hopefully this article will inspire many more
Americans to prepare for what is coming. A great economic collapse is on
the horizon and time is rapidly running out.’
USA
#1? 40 Embarrassing Things That America Is The Best In The World At http://endoftheamericandream.com http://albertpeia.com/40badthingsusa#1.htm With that being said, the following are 40
embarrassing things that America is the best in the world at....
#1 America
has the highest
incarceration rate and the largest total prison population in
the entire world by a good margin.
#2 There are
more car thefts in the United States than anywhere else in the world by far .
#3 Of all the
major industrialized nations, America is the most obese . Mexico is #2.
#4 The
average American drinks more than 600 sodas a year -
the most in the world.
#5 U.S.
corporations sell more fast food and more soda than anyone else in the world by a wide margin .
#6 Nobody
watches more television per week (28 hours ) than Americans do.
Although to be honest, people living in the UK are tied with us.
#7 The United
States leads the world in credit card fraud .
#8 The United
States has the highest percentage of one person households on the
entire planet.
#9 The United
States has the highest divorce rate in the world by a good
margin.
#10 The United
States has the highest teen pregnancy rate in the
world by far.
#11 There are
more school shootings in America than
anywhere else in the world.
#12 The United
States has the highest child abuse death rate in
the world.
#13 There are
more "deaths by reptile " in
America than anywhere else in the world.
#14 The United
States has the most lawyers per capita in the entire
world.
#15 The United
States produces more pornography than any other
nation in the world.
#16 Americans
take more prescription drugs than anyone else in the
world.
#17 More is
spent on prescription drug advertising in
America than anywhere else in the world.
#18 The
percentage of women taking antidepressants in America is higher than in any other country in
the world.
#19 More
people have been diagnosed with mental disorders in America than
anywhere else on earth.
#20 The United
States has the highest rate of illegal drug use on the
entire globe.
#21 There is
more credit card debt in America than
anywhere else in the world.
#22 There is
more mortgage debt in America than
anywhere else in the world.
#23 There is
more student loan debt in America than
anywhere else in the world.
#24 The United
States spends more money on government schools than any other nation on
earth does.
#25 U.S.
citizens spend more time in school than anyone else in the world. So why
are so many of us dumb as a rock ?
#26 Nobody in
the world gets more plastic surgery done than Americans
do.
#27 The United
States leads the world in eating disorder deaths .
#28 According to nationmaster.com , the United
States has the most total reported crimes in the world by far.
#29 Nobody has
more airport security thugs groping women and children
than America does.
#30 The United
States spends much more on health care as a percentage of GDP than
any other nation on the face of the earth.
#31 The United
States has the most complicated
tax system on the entire planet.
#32 The United
States has the most laws on the entire planet.
#33 The United
States spends more on the military than the next 12 nations
combined , and yet the Obama administration is considering plans to
unilaterally slash the size of the U.S. nuclear arsenal by up to 80 percent .
#34 The United
States has the most foreign military bases in the world by far .
#35 The United
States exports more arms to other
countries than anyone else in the world.
#36 Americans
spend more time sitting in traffic than anyone
else in the world.
#37 Americans
spend more money on elections than anyone else does in the world by a
very wide margin.
#38 Every
single year, the United States has the largest
trade deficit in the world by far.
#39 The U.S.
government wastes more money than any other government on
earth does.
#40 The United
States has accumulated the biggest mountain of government debt in the history of the world.
So is the USA #1?
Unfortunately, the answer way too often is yes.
The goal of this list of embarrassing things is not
to trash America.
Rather, the goal is to wake Americans up and to get
them to realize what has happened to us.
We should be deeply humbled and embarrassed as a
nation. We were once the best in the world and the envy of the entire
globe, but now the whole world is laughing at us.
America is supposed to be a beacon of liberty,
freedom and prosperity for the entire planet.
Instead, we are rapidly turning into a horror show.
Wake up America. The condition of our country
is absolutely shameful, and every single day it gets even worse.
Please share this list with as many people as you
can. The American people need a massive wake up call, and it is up to those
of us that are awake to share the truth while we still can.’
‘ Have you ever known someone that loves
death? When someone truly is in love with death, it can take that person
to a very dark place. Unfortunately, there are a growing number of
scientists, politicians and global opinion makers that believe that we must
reduce the size of the human population for the good of the planet. They
are convinced that humanity is causing global warming, killing off other
species and making this planet unlivable. In their quest to save the
future of the planet, they are becoming bolder and bolder with their calls for
population control. They love death because they believe that it will
help save the earth. They figure that with less humans around, there will
be less carbon emissions, less pollution and more room for other species.
So how will this be achieved? Well, as you will read about in the rest of
this article, "after-birth abortions", "mobile euthanasia
teams", "sperm-destroying ultrasound technology" and putting
contraceptives in the tap water are just some of the ways that are being
proposed to reduce current human numbers. This hatred of life and love of
death is being taught in colleges and universities all over the western world,
and this population control philosophy is becoming increasingly dominant with
each passing year.
I realize that the idea of "mobile euthanasia
teams" may sound like something out of a science fiction movie, but the truth
is that this is not just a "pie in the sky" concept.
In fact, in the Netherlands six mobile euthanasia teams
are now going door-to-door to help elderly patients end their lives in the
comfort of their own homes.
The following description of this program comes from
a recent article in The Independent ....
The project, which has provoked sharp criticism from
doctors, is the brainchild of the Dutch largely donor-funded Right to Die NL.
It follows the government's 2002 decision to legalise euthanasia, making the
Netherlands the first country in the world to do so. Walburg de Jong, a
spokeswoman for the organisation said that since the ruling some 3,100 assisted
suicides had been carried out annually. The mobile euthanasia teams, she said,
operated free of charge and were designed to make it easier for patients
enduring interminable suffering to end their lives.
Can you imagine your grandparents getting a visit
someday from a mobile euthanasia team?
But it is not just the elderly that are being
targeted for death.
Two scientists recently made headlines all over the
world when they released a paper calling for the legalization of ''after-birth abortion ''.
Alberto Giubilini of Monash University in Melbourne,
Australia and Francesca Minerva of the University of Melbourne co-authored an
article in the Journal of Medical Ethics entitled "After-birth
abortion: why should the baby live? "
In their paper, they argue that a baby is just a
"potential person" and that "killing a newborn should be
permissible in all the cases where abortion is, including cases where the
newborn is not disabled."
Giubilini and Minerva argue that just because a baby
is human does not mean that it has any rights. The follow quote is from their paper ....
"Merely being human is not in itself a reason
for ascribing someone a right to life. Indeed, many humans are not considered
subjects of a right to life: spare embryos where research on embryo stem cells
is permitted, fetuses where abortion is permitted, criminals where capital
punishment is legal"
Giubilini and Minerva also believe that the
"burden" placed on the family and on society by a new baby must be
given precedence when it comes to matters of live and death. The
following is another quote from their paper ....
"To bring up such children might be an
unbearable burden on the family and on society as a whole…On these grounds, the
fact that a foetus has the potential to become a person who will have an (at
least) acceptable life is no reason for prohibiting abortion."
Giubilini and Minerva insist that "after-birth
abortions" would have a lot of advantages.
For example, approximately a third of all babies with
Down syndrome are not diagnosed in the womb. After-birth abortions would
take care of that "problem" by allowing mothers to
"terminate" those children after they have been born.
Other scientists aren't just concerned about giving
the elderly and new mothers more "choices". Many are now
advocating the implementation of strict global measures to reduce the human
population for the sake of the environment.
For example, Colorado State University Professor
Philip Cafaro recently released a paper entitled "Climate Ethics
and Population Policy" . In that paper, Cafaro declared that
humans are committing "interspecies genocide" and that therefore it
is imperative to reduce our numbers....
"Scientists now speak of humanity’s increased
demands and impacts on the globe as ushering in a new geological epoch: the
Anthropocene. Such selfish and destructive appropriation of the resources of
the Earth can only be described as interspecies genocide."
For Cafaro, simply stopping the growth of the human
population on earth is not enough. He says that in order to prevent
"catastrophic global climate change" we are going to have to
"significantly" reduce the size of the global population....
"Ending human population growth is almost
certainly a necessary (but not sufficient) condition for preventing
catastrophic global climate change. Indeed, significantly reducing current
human numbers may be necessary in order to do so."
Unfortunately, a love of death is now widespread at
U.S. colleges and universities. For example, Professor of Biology at the
University of Texas at Austin Eric R. Pianka once wrote the following ....
I do not bear any ill will toward people. However, I
am convinced that the world, including all humanity, WOULD clearly be much
better off without so many of us.
Population control is something that Bill Gates has
been putting a lot of funding into as well. The following example comes
from a recent Natural News article ....
Mass vaccination is apparently not the only
depopulation strategy being employed by the Bill & Melinda Gates
Foundation, as new research funded by the organization has developed a way to
deliberately destroy sperm using ultrasound technology. BBC News reports that
the Gates Foundation awarded a grant to researchers from the University of
North Carolina (UNC) to develop this new method of contraception.
For their study, the UNC team tested ultrasound on
lab rats and found that two 15-minute doses "significantly reduced"
both sperm counts and sperm integrity. When administered two days apart through
warm salt water, ultrasound caused the rats' sperm counts to drop below ten
million sperm per milliliter, which is five million less than the
"sub-fertile" range, and stay that way for up to six months.
Sadly, it is not just a few scientists and opinion
makers that are obsessed with death and population control.
As I have written about previously, the United Nations
continues to push Agenda 21 on the entire globe. The following is how
the United Nations defines Agenda 21 ....
Agenda 21 is a comprehensive plan of action to be
taken globally, nationally and locally by organizations of the United Nations
System, Governments, and Major Groups in every area in which human impacts on
the environment.
The United Nations publishes report after report
calling for more "global governance" over the environment. The
following comes from a recent Fox News article ....
The report, “21 Issues for the 21st Century,” from
the United Nations Environment Program (UNEP) Foresight Process, is the
culmination of a two-year deliberative process involving 22 core scientists. It
is expected to receive considerable attention in the run-up to the Rio+20
United Nations Conference on Sustainable Development, which will be held in
Rio, Brazil, in June.
The scientists who wrote the report say it focuses on
identifying emerging issues in the global environment, and that it is not about
mandating solutions.
But its critics see an agenda lurking in its 60
pages, which call for a complete overhaul of how the world's food and water are
created and distributed -- something the report says is “urgently needed” for
the human race to keep feeding and hydrating itself safely.
But it isn't just food and water that the United Nations wants control
over.
The truth is that the United Nations is absolutely
obsessed with the number of people living on the planet.
In a recent report entitled, "Resilient
People, Resilient Planet: A Future Worth Choosing " the UN warned about
our "unsustainable lifestyles" and of the disastrous impact of
population growth....
But what, then, is to be done if we are to make a
real difference for the world’s people and the planet? We must grasp the
dimensions of the challenge. We must recognize that the drivers of that
challenge include unsustainable lifestyles, production and consumption patterns
and the impact of population growth. As the global population grows from 7
billion to almost 9 billion by 2040, and the number of middle-class consumers
increases by 3 billion over the next 20 years, the demand for resources will
rise exponentially. By 2030, the world will need at least 50 percent more food,
45 percent more energy and 30 percent more water — all at a time when
environmental boundaries are throwing up new limits to supply. This is true not
least for climate change, which affects all aspects of human and planetary
health.
We are constantly being told these days that the
problem is that there are "too many people" and that if there are
less people things will be better.
Members of the U.S. government are even preaching
this philosophy.
Just the other day, Health and Human Services
Secretary Kathleen Sebelius was publicly proclaiming that the new requirement
that all health insurance plans cover sterilizations and contraceptives will be
good for employers and health insurance companies because it will mean less births.
She argued that the savings from less people being born will more than make up
for the expense of the sterilizations and the contraceptives.
Sebelius told Congress the following on Thursday ....
"The reduction in the number of pregnancies
compensates for the cost of contraception"
Other members of the Obama administration are
preaching the population control gospel as well. U.S. Secretary of State
Hillary Clinton has even stated that population control will be a "centerpiece " of U.S. foreign policy
from now on.
We even find a love of death in the White
House. Barack Obama's top science advisor, John P. Holdren , once wrote the following....
"A program of sterilizing women after their
second or third child, despite the relatively greater difficulty of the
operation than vasectomy, might be easier to implement than trying to sterilize
men.
The development of a long-term sterilizing capsule
that could be implanted under the skin and removed when pregnancy is desired
opens additional possibilities for coercive fertility control. The capsule
could be implanted at puberty and might be removable, with official permission,
for a limited number of births."
That quote should send a chill up your bones.
In America today, life is considered to be cheap, and
that is especially true if you are "disabled" or
"defective" in any way.
At one U.S. hospital, a 3-year-old girl named Amelia
was recently denied a kidney transplant because she
is considered to be "mentally retarded".
How would you feel if that was your child?
Unfortunately, society continues to move away from
the idea that life is inherently valuable and deserves to be preserved.
In fact, many top global opinion makers are openly
calling for a dramatic reduction in human numbers.
CNN Founder Ted Turner once said the following ....
"A total population of 250-300 million people, a
95% decline from present levels, would be ideal."
For many more shocking quotes about population
control from scientists, politicians and top global opinion makers, just check
out this article which I published previously.
The world is becoming a very heartless place.
Those at the top look down on the rest of us as if we
were vermin that need to be exterminated.
Increasingly, this sick population control agenda is
being preached at us in the mainstream media. For example, just check out
what the editorial page editor of The Detroit News says should
be done in Michigan....
Since the national attention is on birth control,
here's my idea: If we want to fight poverty, reduce violent crime and bring
down our embarrassing drop-out rate, we should swap contraceptives for fluoride
in Michigan's drinking water.
We've got a baby problem in Michigan. Too many babies
are born to immature parents who don't have the skills to raise them, too many
are delivered by poor women who can't afford them, and too many are fathered by
sorry layabouts who spread their seed like dandelions and then wander away from
the consequences.
Michigan's social problems and the huge costs
attached to them won't recede until we embrace reproductive responsibility.
He is seriously proposing to put contraceptives into
our drinking water?
How can people be so twisted?
Sadly, as I mentioned earlier, this philosophy is
being endlessly preached at thousands of colleges and universities all over the
world.
The sick adherents of this philosophy love death and
are obsessed with controlling the population of the earth.
They are just going to keep pushing their agenda
further and further and further.
They truly believe that they must reduce our numbers
in order to save the planet.
But in their zeal to "save the earth" they
may take all of us to a very, very dark place…’
EFF: In our 600th issue:
While
copyright owners claim that they need anti-circumvention laws to address
copyright infringement, twelve years' experience with the U.S. DMCA provisions
demonstrates that overbroad digital locks laws can wreak havoc on lawful,
non-infringing activities, stifle free speech and scientific research, and harm
innovation and competition. Small wonder that a broad range of groups in Canada
have come out against the unforgiving nature of Canada's C-11 Bill, including
librarians, content creators, rights advocates and others.
For
many years, EFF has been working to encrypt the Web, pushing websites to adopt
better security and providing users with tools to protect themselves. This
month, we're looking at online dating sites, which can be particularly
negligent in safeguarding the sensitive data of users. Our analysis found these
sites failed to implement even basic levels of security, but we were
particularly concerned about the negligent security practices we discovered on
the free dating site OkCupid. We've contacted the site and asked them to
improve, but we could use your help. Send OkCupid an email today asking them to implement HTTPS.
Using
data from EFF's SSL Observatory project, a team of researchers conducted an
audit of the public keys used to protect HTTPS. Lenstra's team has discovered
tens of thousands of keys that offer effectively no security due to weak random
number generation algorithms. The consequences of these vulnerabilities are
extremely serious.
EFF Updates Six Heartbreaking Truths about
Online Dating Privacy
Millions
of people are using online dating sites to search for love or connection, but
users should beware: many online dating sites are taking short cuts in
safeguarding the privacy and security of users. Whether it's due to
counter-intuitive privacy settings or serious security flaws, users of online
dating profiles risk their privacy and security every day. We've put together
six sobering facts about online dating services and a few suggestions for
routing around the privacy pitfalls.
Comparing Privacy and Security
Practices on Online Dating Sites
Concerned
about your privacy when you use online dating sites? You should be. We found
that the majority of the sites we examined did not take even basic security
precautions, leaving users vulnerable to having their personal information
exposed or their entire account taken over when using shared networks, such as
at coffee shops or libraries.
A Better Path for Apps: Respecting
Users and Their Privacy
Earlier
this week, a Singapore-based iOS software developer made a startling discovery
while working with the popular social-networking app Path: in the course of
every new account creation, Path uploads the new user's entire iPhone address
book to their servers. The strong user reaction demonstrates that even as norms
of sharing evolve online and in the social networking space, users still value
their privacy highly.
India's Downward Spiral
The
world's biggest democracy is a formidable power in the IT sector. Despite
playing such a role -- or perhaps because of it -- India has struggled to
strike a balance between its security concerns and online freedom. Though the
country's constitution guarantees the right to freedom of expression, the state
is given the right to impose "reasonable restrictions ... in the interests
of the sovereignty and integrity of India, the security of the State, friendly
relations with foreign States, public order, decency or morality, or in
relation to contempt of court, defamation, or incitement to an offence."
Iran Ratchets Up Its Internet
Censorship
The
Iranian government has not openly acknowledged these new measures. However,
they are widely thought to be preliminary steps towards a nation-wide Halal
Internet that would cut off a majority of citizens from the global web --
replacing it with one that would effectively block all foreign sites, allowing
only state-controlled content to be accessed within Iran.
What the RIAA Won't Tell You: Users
Matter
The
New York Times published a lengthy screed from Cary Sherman, president of the
Recording Industry Association of America, complaining about how "Google
and Wikipedia" got in the way of efforts to ram through the Internet
blacklist bills, never mind the massive collateral damage to Internet security,
expression, and innovation those bills would have caused. The op-ed's really
unfortunate message is that Hollywood still thinks the way forward is for a few
executives to sit down together and make a deal.
miniLinks The perpetual, invisible window
into your Gmail inbox
Since
Gmail added OAuth support, an increasing number of startups are asking for a
perpetual, silent window into your inbox. While hugely convenient for both
developers and users, OAuth may be paving the way for an inevitable privacy
meltdown.
Amnesty International: EU urged to
reject international anti-counterfeiting pact
Amnesty
International urged EU governments not to join the Anti-Counterfeiting Trade
Agreement (ACTA), branding it a "Pandora's box" of potential human
rights violations.
We are the media, and so are you
In
a Washington Post op-ed, Wikipedia founder Jimmy Wales explains that it's
users, not corporate interests, who won the SOPA/PIPA fight.
Administrivia ISSN
1062-9424
EFFector
is a publication of the Electronic Frontier Foundation.eff.org
Editor:
Parker Higgins, Activist[email protected]
Membership
& donation queries: [email protected]
General
EFF, legal, policy, or online resources queries: [email protected]
Reproduction of this
publication in electronic media is encouraged
Press
releases and EFF announcements & articles may be reproduced individually at
will.
Back issues of EFFector
Infowars.com
| Authorities are trying to officially designate noncomformity and free
thinking as a mental illness. [ Try as they might, it’s doubtful such efforts
could succeed, almost by definition alone, without self-destructive complicity on the part of
the APA which would by so doing undermine the APA’s credibility, as well as,
their substantial progress and achievements in this field. ]
US Warns Iran Not To Fight Back Against israeli Attack Paul Joseph Watson
Afghanistan's Soldiers Step Up Killings
of Allied Forces New York Times KABUL, Afghanistan [ Yeah … say what you
want, but in the last analysis, these are not pro-zionist fools; but rather,
rational beings who, despite the propaganda, bribes, and machinations, know who
their real enemy is. ] - American and other coalition forces here are being
killed in increasing numbers by the very Afghan soldiers they fight alongside
and train, in attacks motivated by deep-seated animosity between the supposedly
allied forces, ...
Chimp from 1930s US 'Tarzan' films dead at 80 Did Cheetah from 1930s Tarzan flicks die?
Pakistan's military rejects Pentagon findings, denies coup plot MiamiHerald.com [Yeah … come on … who’d possibly be
foolish enough to believe the u.s. military or any other agency, entity of the
u.s., particularly concerning such a nefarious incident. Pervasively corrupt,
defacto bankrupt america doesn’t even own up to incidents concerning Americans
(ie., Pat Tillman, etc.).
Sneaker Mob Goes On Rampage: The Decline of Western
Civilization
They Can't
Wait, They (blacks) Break Into The Mall...
http://detroit.cbslocal.com/2011/12/23/shoppers-waiting-for-shoe-release-riot-break-into-mall/#comment-96059
PappyHappy
How many used
their EBT card??
The following
is a MUST SEE for those who perceived themselves as ‘LEADERS OF URBAN AREAS,
AND FIXERS OF URBAN PROBLEMS’!
This is a
video of Mayor Michael Nutter (Mayor of Philadelphia) speaking at his Church in
August 2011. The video is approximately 30 minutes long, but a tutorial that
would be most beneficial to leaders, and those wishing to make a positive
change. Jump to MINUTE 9 for his salient points.
Makes one
wonder where other ‘self professed urban leaders’ have been doesn’t it??
Mudholder
I knew we were
headed towards ” Idiocracy “, when in 1971 they started teaching “ebonics”. at
Lakewood high school.
rusty the right wing nut
yeah its were
our tax money went statisticaly we paid for some of them shoes bunch of apes
they ussed their obama welfare foodstamp and unemploymeny money and probly some
money they sold crack for and probly pimped a few ni$$a Bi%%%%S as well for
cause dem shoes cause dey tight
Michael
Christmas is
the birthday of the Son of God. Civilizied Christains worship God, love
eachother and seek peace on earth. Animals worship material material goods
which will fill a landfill someday. I pity the animals.
DIVERSITY IS OUR STRENGTH!
Welcome to our
http://www.NewNation.org
Allan Sokyra
DIVERSITY IS
NOT OUR STRENGTH!
JoeJones
Gimme some of dem
Obamabucks man!
Hal McCombs
Hey
“Diversity”? Do you not know the English language?
How can
‘diversity’, the root of which is “to divide”, bring us together?
Are all
leftists as stupid as you? (Especially the one calling himself “rusty”
pretending to be a ‘right-wing’ redneck.)
Rita Ippolito
contrast this
honest and strong Black leader with the Race hustlers like Sharpton, Jackson..
WE NEED MORE LIKE HIM
Jomama
Obama
supporters…what do you expect? Uncivilized and immature. Good God, a pair of
shoes and the chaos it causes? What about what our leaders are doing to this
country and not a care…God help the USA!
LA Doc
Man, you ain’t
kidding. Freeloading, thieving, ghetto-rats. All of them. Just like the animals
in the WH and Congress.
bullrider
I haven’t
spent a fraction of what those shoes cost for any I’ve bought EVER. Of course,
I’m a systems analyst and have to pay every frigging dime of the cost for food,
housing, clothing, medical care etc. for myself and my family, and pay huge
taxes on my $60K income so others CAN afford to buy those UGLY f-ing shoes.
Rob Frey
Wow I am
appalled at the state of society and just as appalled at the racial tones
thrown around in the comments. When i read this i didn’t even equate this to
black or white. Although reading more about this most of this was people of
color. Don’t get me wrong i am no liberal i just don’t see skin color as a
judgement before character. This season there has been a far greater number of
stories of blacks in shopping incidents. I am sure the we will do a 10 million
dollar study funded by the government. My thought is the social issues are
escalating due to the not phasing out of Affirmative action. It had a purpose initially
but now there is a segment of society dependent on it along with providing a
nanny state. It’s creating a racial divide and an attitude of oh i deserve this
it’s taken generations. We now have a nanny state, which is by design to buy
votes not to help long term by making us equal in anyway. We have now a group
that is dependent and believes they are less than so they need this. This
didn’t create equality, it created a monster and now we have a president who is
using the divide it has cause as a weapon against whites. The facts are well
know there is no evidence that supports this Affirmative action as a long term
thing had help our society. We all have to stand on our own sooner or later.
Please don’t read into this that i believe all blacks are in this whirlpool
hell no. It’s very much becoming a Hispanic issue also, they can sneak into the
US and get a free ride on many services. What the hell, i have been brought up
if i can’t afford i don’t get it, including times where my cupboard was bare. I
don’t go to the state, don’t have kids if you can’t afford them, don’t have sex
if you can’t afford protection. Yet we provide food and shelter for people who
do nothing for other peoples money distributed by the Government and stolen
from the tax payer. We are at a tipping point the number of people on
assistance is close to the amount not when that happens we have no chance of
turning it around. This mess filled a need and works fine short term, long term
dependence take incentive and personal drive away and creates a restless
society that is given just enough to get buy and no satisfaction of
achievement. This is a colorless problem of entitlements and Affirmative
action. Now we are at a point if we change it there is going to be racial and
class warfare. Thanks libs, thanks obama for the mastering us of the race card.
Sorry about the rant.
rusty the right wing nut
liberal Pu$$Y
probly voted for HObama
Annie
Dont insult
the intelligence of smart blacks or caucasions . Affirmative action is a
symptom not a cause. This is the face of ghetto culture and this primative
behavior exists in every african nation on earth. Stop with the excuses. Every
culture has been enslaved and “oppressed”. The mark of a people is how you pick
yourself up, rise above and organize your social behavior.This continued
infantalization of African American cultures doesn’t do anyone any favors. What
exactly is it doing for you? Cui bono?
bullrider
I’m not a
person of color. I must be transparent like window glass.
Andrew
Gee aren’t you
so swell…you are just a such a peach to be so above seeing the politically
incorrect but oh so obvious truth. The obvious fact being that 99.5% of urban
blacks give the remaining half percent a bad rap. Pull your head out…it ain’t
racist if (and it is) the truth. These ‘people’ are an embarrassment to any
thinking individual, they are uncivil and are effectively acting as the water
in the fuel tank of this once great nation, and you are not helping by denying
it. I know you would not hold back if it was a bunch of white trash doing the
same.
Chris
A “gift” tree?
Does this mean the Menorah is now a gift candle stick?
Jessie
This is a
black leader NOT Jackson , Sharpton and othe rcriminals. The black community
needs to get a grip on the hip hop culture of thugs and do it fast .
GW
Meanwhile
across town, the Reverand Al Sharpton held an Occupy Nike event, at which he
decried the Nike corp of exploiting the inner city by creating the shoe in the
first place “this is obviously a scheme to take from the poor and give to the
1%” “Nike should be ashamed at the way it has made these honor roll students
behave”. The crowd supporters behind him chanted “Jordon! Fordon” as the
Reverand went on to ask: “why didn’t Nike just give the shoes away to anyone
that wanted them? This is an outrage”. Senetor Maxinne Waters promised a full
congressional hearing, and the president remarked that the police acted
“stupidly.
hooky
Well, throw a
pair of Air Jordans in front of a group of blacks is like throwing raw meat in
the lion’s den. What would one expect? Get real!
RC
Your confused
with food stamps…
rusty the right wing nut
what-
rusty the right wing nut
no they sell
the card or buy food and sell it at a cheaper price cause black chicks tend to
have a $hit ton of kids so they have a lot they but theyre broke lazy a$$
boyfriend these so after he impregnates her he can run away faster. Stupid A$$
Boston Patriot
@RC: The
proper grammatical construction is “you’re” for you are. Thanks
Rick O'Shea
I thought I
saw Moochelle back in the crowd.
Midge Martin
“Good people
do not need laws to tell them to act responsibly, while bad people will find a
way around the laws.”
http://911essentials.com
I P Standing
rituals of
primitive cultures
Bahb
Tell me,
please, what in the hell is a “gift tree”? Christmas is 2 days away. Call it
what it is – a CHRISTMAS TREE! And for those who think that we should be saying
“Happy Holidays” instead of “Merry Christmas”, ‘holiday’ is just a shortened
version of “holy day”. Stick that in your pipe and smoke it!
rachel
AMEN!
Clearhead
You told it
like it is Bahbbi boy. We’re proud, proud, proud of you !! Furthermore — PRAISE
GOD FROM WHOM ALL BLESSINGS FLOW !!!
Tyrone
We be
celebrates da Kwanza, not da white man holidays. Kwanza be for da chosen
peoples.
bullrider
I thought that
for Kwanzaa the gifts were more along the lines of candles, baskets, nuts,
fruit, and crafts – not overpriced, UGLY shoes.
Hal McCombs
So a Kwanza
tree is made of Air Jordans? Figures.
YepYep
This is really
sad. We should pass a law that black people are not allowed in stores during
normal business hours for the sake of safety. What a bunch of animals..
Sisao Tresed
Don’t forget
these same people have special Christmas Shopping coats for that extra
discount.
Patriot42
I was taught
as a youth to respect all people regardless of their color. I try to understand
why these b-la-c-k-s act so hostile and seem to be easily provoked. Am I
missing something?
lvh
No not
you..Not me. I feel as you do.
Dave
Yep.
Marilyn
It has nothing
to do with the color of their skin. This is what liberalism has done to the
urban areas. They tell a group of people that they are not capable of providing
for their families and that everyone else owes them, and they promise that the
government will take care of them. Thus the people barely get by, have too much
idle time on their hands, they are unhappy, want the same things as most
families but they are dependent on the government, and they have been told
their WHOLE LIFE that they are not capable of anything more, and the cycle
continues. What liberalism has done to human beings breaks my heart.
SAJ
Marilyn,
bullrider
Liberalism and
the Democrats have destroyed the black family structure and turned them into a
taxpayer-subsidized crop of Dem voters. In 1940 – back before all the civil
rights and welfare stuff began – 80% of black children were born into married,
two parent families. What is that figure nowadays? 10% maybe? It is sure a
small fraction of what it used to be.
Jessie
This is a
black leader NOT Jackson , Sharpton and othe rcriminals. The black community
needs to get a grip on the hip hop culture of thugs and do it fast .
Eric
http://stuffblackpeopledontlike.blogspot.com/2011/12/not-exactly-christmas-shoes-black.html
This doesn’t
happen with white people at Apple stores trying to buy the latest iPod.
Major Bananorama
To reduce
widespread chimpage, store management should have had a large stock of shiney
washers, baubles and mango’s to throw out into the pack to keep them amused.
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Derrick
I’m black.
rachel
Black people
are their own worst enemy.
kari ju
Derrick we
just need to do a lot of work on people’s hearts. we have let cheap politics
fill the void where moral teaching should be. We have left all our poorest to
the mercies of government and amoral “leaders.” bad move, that.
Clearhead
White people
don’t think you’re animals, Derrick. All colors of people act like animals
sometimes. The ones that ACT like animals are the ones all people should think
of as animals. (Apologies to most animals).
Darrel
I think 60-70
percent of blacks ARE violent nasty rabid animals. 30-40 percent are human
beings and decent. Facts are facts.
tward
Derrick:
Whites and Blacks have Jesus in common. If both would live up to His standard
of loving our neighbors there would be no fights, thefts and no hate. Merry Christmas
from a Southern Hillbilly White Boy.
rusty the right wing nut
cause u are
Jack
Were these the
“greedy” 1%? No? I guess “greed” isn’t just a rich thing.
NightRider
What do you
expect from sub-human animals? The Negroid race has always been and will always
be ‘a joke’ and a waste. As a group they cause nothing but continued
problems…it has always been this way (read their history) and they always will.
Marilyn
You are a
‘joke’ and a waste of time.
JimRocky
Actually he is
right Marilyn. You just have eyes that refuse to see.
nwpurpletoo
Tell me again
why there are more blacks in prison than whites. I’m just sayin’.
Jim H
That’s easy.
Blacks are hostile and easily provoked because they feel entitled. Generation
after generation teach their kids how to manipulate the system and they are
experts at it. Most of them think that society owes them something and that it
should provide for them.
Come to think
of it if I was black with an IQ like some of those in these videos – I’d be
hostile too.
BigBoa
Just another
chimp-out.
Check out
chimpoutdotcom and see if this clip made the cut!
Savage
animals……
B Guyton
I thought they
were running to vote for Obama.
Dave
Wait til you
see what happens when he loses.
enguard
the cream of
the black culture on glaring display….we’re already paying reparations
considering this level of depravity embedded in our society.
chimping out
as an Olympic sport?…oh wait…basketball
Jamex Anderson
I just saw
Rise of From The planet of the Apes.
B. Guyton
O.K.people
this will tell you everything you want to know about this incident.
THIS IS THE
REAL STORY, NOT WHITEY”S MADE UP STUFF.
http://therealrevo.com/blog/?p=57506
Collector
At what point
in society do we finally stop and admit that a certain race of people are
different from all other races. A certain race of people are more violent and
mean than others. When do we start seperating this group from others for
protection of society in general. When a certain race costs everybody more
because of their out of control lawlessness, should we make them pay instead of
penalizing everybody for the actions of a few. Frankly, I’m tired of my taxes
being higher to pay for more police, more prisons, more courts and additional
defense attorneys because 12% of the population commits 70% of the crime. Food
and clothing costs are higher because of theft, insurance is higher because of
carelessness, stealing, vandalizism, drug use and virtually every other
commodity and activity is more expensive because one race fails to raise their
kids and fails to teach their children to follow and respect the law. It’s
unfortunate and sad because there are a few members of this race who do what’s
right but they are overshadowed by a large majority who act completely
uncivilized. We’ve been allowing this to go on long enough. Something must be
done and that doesn’t mean more free handouts or reparations. It’s time they
started paying for what they take, use, destroy and what they cost the World.
Mustafa
If the
Jordan’s fit,,,,,
Bob3
CCW is a good
place to start, they lack empathy and impulse control, pain and misery is all
the understand be prepared to deliver it.
rusty the right wing nut
dont worry
everyone knows it even blacks know we all know it even diggers know it there is
a race war coming i dont think its right but its just the ways it is wP
John Frost
Darwin:”
Blacks are not Human but wild african animals……predator animals”
rusty the right wing nut
i love sickle
cell lol
rusty the right wing nut
White Power
White Power
Steve
What a bunch
of disgusting savages…enough said.
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rachel
Why am I not
surprised? What a disgusting bunch of useless thugs. I’m ashamed to call these
people countrymen. I call them boils on the backside of America.
One-Who-Will-Listen
People of any
race are greedy, selfish, and prideful. Why this happens in America, where we
have all the resources we need to survive and be well fed, I just don’t
understand. What the h-ll is so important about a pair of overpriced shoes? I
don’t get it; really, I don’t.
kari ju
testify. no
way this is a unique black thing.
Black Thing
testify. this
is a unique black thing.
ton
Sorry, it is.
Big Papi
Now imagine if
there was a huge catastrophe that hit a very widespread area and food and
electricity, gas and cash could not be had. You would have this scene times a
thousand. Apparently this group of society would cause continued chaos while
others tried to manage. Best advice? Have your own food stored, cash on hand,
and not only posses firearms but be proficient in their use. It will be a life
and death situation that this group of society will only make worse. If you
arent scared, you arent living in reality. Get over the “hater” taunts and
racist shouts—if they’d do this over fashion sneakers imagine what they’d do to
you in a true crisis. The Police cant protect us anymore. Be Prepared but also
be armed, irregardless of your political and 2nd amendment views. You will not
survive believing that good intentions will save us all.
rusty the right wing nut
well said arm
the Fu”#$ UP dese nig have gone nuts
Jon Baker
Okay, I’m just
going to say it, I’ve never been p.c. anyway. What is it about Negroes and
sports shoes? I mean really, somebody should study this. Stereotypes come from
truth, the problem though is when you say all. Now I know all blacks aren’t
like this , obviously any intelligent person knows that but too many are. And I
bet the deficit that if you called any of them on it that were involved in this
they would call you a racists, and blacks bold enough to speak out self haters.
As nasty and far gone as Chicago already is they better be on their knees
grateful for Richard M. Daley and Rahm Emanuel on duty now who chose to follow
the New York model Because It sure was heading towards being another Detroit.
Get out now while you still can.
kari ju
cmon guys –
the racist stuff is degrading all of us and it is offensive to Mayor Nutter and
the good people in that church, none of whom deserve to see that kind of thing
in print. They are on our side and they deserve our respect. The riot over
shoes is just what you’d expect anywhere that a leftist government panders to a
dependent class, telling them they’re entitled. Remember the London riots a few
months ago? This kind of thing happens the world over and it is not a black
thing per se
B. Guyton
Watch the
video above that provides a black man’s prospective. It may help you understand
why this is happening.
b. Guyton
Here is the
video. It may help explain the problem from a black man’s prospective.
Racist……………maybe?http://therealrevo.com/blog/?p=57506
Pingback: They Can't Wait, They Break Into The
Mall... | Breaking News
Jason, NYC
Animals, all
of them, animals…
BubbaT
No, not all.
But that’s what the Government would like us to believe.
Obamanation
I’m suprised they
didn’t just steal the shoes. Redistribute the wealth to the lame and lazy
parasites of society. Leaches and slugs in $180 shoes.
Marilyn
Most of these
comments are really horrible. This has NOTHING to do with the race of the
people involved. This is what happens with 50 years of liberalism. This is
exactly what the democrat party wanted. A segment of society that will ALWAYS
vote for them. They have taken a group of people and for generations have told
them that the rest of society owes them. They have told this group of people
that they are NOT capable of taking care of themselves or their families. They
have been pushed through school while learning NOTHING except what party to
vote for. When a crime is committed they are often not made to pay for the
crime but are given exuses for the crime. What did you democrat voters think
would happen? That your stupid policies would work, even though you look back
and see 50 years of failure.
B. Guyton
From the
cotton and rice plantations to the Democrat plantation!!
Rita Ippolito
I’m a
conservative, not a racist. too many racists here for me but this comment from
Guyton … hit the mark…
Blacks will
continue to be Democrats no matter what as long as the Democrats promise
entitlements and as long as the nuclear Black family is in shambles.
New York Nick
You got that
right brah……. the dem plantation of fools , where be my handouts!!
Joe G
Nothing to do
with the race of the people involved? EVERY majority black city in the world is
a crime and disease ridden slum. The only logical conclusion is that race is a
factor.
Mike in Grasonville
Just another
example of blacks being a blight on society. Far too many of them live off the
backs of others, see Section 8 housing, welfare, food stamps, etc. No other
group, or should I say ethnic group behaves like this. Check any school systems
acheivement scores asnd you will see that blascks are dead last. So, does this
surprise anyone? Send them back to Africa, if they’ll have them.
jewbag
blacks.
Hollywood Hick
When members
of the black community see these stories, what are they thinking? Is there any
wonder the black community is such a mess? They are the most pandered-to ethnic
group on the planet and they are a hopeless disaster.
B. Guyton
Hay!! You need
nice shoes to walk around the Democrat plantation.
Bob13
Oh and don’t
forget the chocolate Jesus wants to make these upstanding citizens your
neighbors via sec8 housing and the best part is he’s gonna use your “white”
taxpayer dollars to do it.
Imagine the
joy of waking up one sunny morning to find a house full of these hood rats
living next door to you in your soon to be formally pristine neighborhood, and
of course and again the best part is that you get to pay for it and the schools
that their animalistic spawn will soon ruin, ain’t life grand?
It’s time for
weak feeble minded white people to grow a pair and stop this garbage, if someone
calls me a racist I laugh, that tired old worn out phrase means nothing, these
animals need to clean up their own mess or to their extreme displeasure others
will do it for them.
RicardoCabeza
The Negros are
their own worst enemy they just can’t help themselves. For the most part they
have no decency, no discipline and pure gutter trash instinct. I don’t
particularly blame them though they have a weak constitution It’s what the
welfare, government cheese and hand outs does to them that is the shame here.
Larry Sinclair
Dang 1%’ers …
cause we know those 99% are so broke they can’t even afford food for the kids
and surly don’t have $180.00 laying around .. unless you sell your EBT food for
cash …..
Steve
If anyone is
curious what a product of Socialism looks like, this is it. The Democrat Party
presents us with the great society!!
Obamas Stash
Black on Black
crime .. what’s new? Democrats started Jim Crow Laws,,, Democrats started the
KKK, Democrats took away blacks civil rights in 1875 but they cannot figure out
why after voting Democrrat 50 yrs they are still as bad off as they were ….
ramon
You are 100%
right on target.
It amazes me
how Blacks vote 85 to 95% Dumbocrat every Presidential election. No matter if
it’s Obama, Kerry or any other Dumbocrat!
Sisao Tresed
This whole
mentality was spawned by big government, but every intelligent man must think
for himself and act as his own man or woman. Long after this event has passed,
the bitter taste of welfare, drugs, booze and abortion on demand, and school
systems that affirm lawlessness and immorality in the schools will be alive and
well in the black community. An illiterate ebonics-speaking woman named
“something-esha” is not gonna be at the top of the resume’ pile. Sadly, so many
good black folks get painted with this brush, and it’s unfair. “Feral” blacks
understand what they are doing wrong, but they don’t care. They have become
uncivilized. Politicians like them because they 1) vote as a single block, 2)
are easy to fool, 3) they don’t learn fast, 4)they just want “more stuff” which
politicians love to throw at them in speeches, and bellicose repartee; but no
action. But again…see #2.
Bill Brennan
if the shoe
fits…
Joe
Now that’s a
funny line.
I guess ignorance is a virtue
People are
getting hurt or injured bad because of a pair of stinkin air jordan shoes, ill
be damned if i will buy a pair of these shoes that are prob made in China, Yes
i said China!! What a bunch of a ..holes …. Ok they have bought the shoes , 6
or 7 months later they will be in the trash , how ignorant and stupid can ppl
be ?
NowSwimBack
The Civil
Rights Act was a great idea, wasn’t it? If they’re not in your neighborhood,
they will be soon. Enjoy ‘em.
REAL STUPIDITY
REALLY? 180.00
FOR STINKIN SHOES
brutesforce
Baby needs a
new pair of shoes.
rusty the right wing nut
PS F&CK U
DEtroit and your pos Lions cause they suck too!!!!!
WE need to
bulldoze that big a$$ ghetto down look Like a Fu%% bomb went off in that citty
Uncle Remus
Dang freakin’
kneegroes (sic)…… they wouldn’t fight this hard for the last job on earth
…unless it was a bank job/heist…
Kim Bailey
“Wild savages
must be caged and returned to Africa” Said a Mall security guard
Richard Jones
Those
“shoppers” all look like obamas. Down here in Texas we don’t let obamas get
away with that kind of behavior.
james
We need to
bring back segregation. Blacks are not fit to live in a civilized society. It
was obvious then, and it’s obvious now.
retired
they just
happen to be 99.9% black…. just a frkkin coincidence…
Jim Burke
Wow………..
When I first
saw the film footage I was away from the monitor and couldn’t hear the audio. I
thought it was footage of people scrambling for an airplane food drop in Biafra.
Jim Burke
Next year
require a pay stub for purchase rights.
ryan
Aren’t these
people the 99%?
Joe G
All blacks in
North America need to be either shot or deported. Like Baboons, blacks can’t
help acting the way they do. They’re born that way. I just don’t want them
roaming the streets in North America. Blacks have made every city in which they
are the majority unlivable for white families. White people would be much
better off without them.
William Baranowski
‘gro footsies.
Joe
These are the
same people that will do everything in their power to keep their leader in
power. Are these the first of obozos brown shirts?
Liberal_Stupidity
When you got a
radical leader that is the most negative prez America has experienced it just
give permission for eveyone like hime to behave in the exact same way. I hope
America is watching and uses thier vote next year to cut the head off the snake
in DC
Joe Blow
Forget about
color. These are democrats!
Cigars Andscotch
Exactly what I
had expected. The crimes were committed by a bunch of white soccer moms…….oh,
wait a minute
Jerry Frey
PHILADELPHIA —
Mayor Michael A. Nutter, telling marauding black youths “you have damaged your
own race,” imposed a tougher curfew Monday in response to the latest “flash
mob” — spontaneous groups of teens who attack people at random on the streets
of the city’s tourist and fashionable shopping districts.
“Take those
God-darn hoodies down, especially in the summer,” Mr. Nutter, the city’s third
black mayor, said in an angry lecture aimed at black teens. “Pull your pants up
and buy a belt ‘cause no one wants to see your underwear or the crack of your
butt.”
“If you walk
into somebody’s office with your hair uncombed and a pick in the back, and your
shoes untied, and your pants half down, tattoos up and down your arms and on
your neck, and you wonder why somebody won’t hire you? They don’t hire you
‘cause you look like you’re crazy,” the mayor said. “You have damaged your own
race.”
http://napoleonlive.info/did-you-know/violence-2/
White people are really "Pink"
Funny how we
have all forgotten the fights and brawls that folks with “Pink” skin had over
Tickle Me Elmo dolls and few years back at Christmas time. Funny, I don’t
recall any Black folks calling them fighting “Pink” skinners names such as
“animals”. Is name calling and hate mongering inbred into the “Pink” race???
Annie
“Pink” people,
mostly women tend to pull out each others hairs over bridal discounts like at
Filenes annual bridal sale. “Pink” men and soccer moms tend to scream, name
call and sometimes just lose it- and society comes down on them hard. Black
thugs take out switch blades, stab, shoot and kill others over a $100 pair of
sneakers. Even African honey bees have a propensity toward deadly swarming.
Face it and act (or DONT act) accordingly.
RicardoCabeza
The negro
continually and always acts in an ignorant manner it is the curse of the
colored race the joyful embrace willful ignorance.
jon
I checked the
facts, their were no shootings, breaking into the stores or fighting with
police over tickle me Elmo dolls. There also are no people with pink skin.
Todd P.
And EVERY
SINGLE ONE of these simpletons VOTED FOR OBAMA!! (if they voted at all) Time to
set a time limit (# of years) on welfare benefits. If you can’t make it by
then, it’s time to beg for charity from a relative, friend, or church………
Chaco
The Japanese
go through a Sunami and near nuclear meltdown with less turmoil than these
dopes fighting over some stupid ghetto fashion statement.
sonic
Bet most there
were on welfare and WE paid for those ugly sneakers. Ignorant slobs
Billy Bob
Those shoes
would look good on a 250 pound rapper.
Pingback: Shoeblogging |
NavyOne
A Navy guy’s
take: http://themellowjihadi.com/2011/12/24/shoeblogging/
David Rutstein
Terrible, how
we have to end Obama’s term and end this free lunch. http://www.beyondquotes.com/marijuana .
You can see the result of illegal drugs and welfare.
Fatima
Lord, save us
from people who pepetuate negative stereotypes. Tsk, just too bad people cannot
get out of their own way and want to blame others for their poor outcomes in
life.
jon
The people
that perpetuate negative stereotypes are blacks themselves. Go to Drudge Report
and see that blacks have rioted over these shoes in every major city where this
sale has been offered. How many example of the same behavior does it take for
you to wake up and smell the java beans?
Panz
What happened
to the Civil Rights leaders and participants? If you look back at photos of
those people, their heads were always held high, they knew there was a better
America and they were helping to create it.
Then along
came the liberal programs, blacks were given handouts and special treatment and
this is the outcome. A bunch of animals fighting over ugly shoes. Shoes!
sneakers! They aren’t even decent shoes, just sneakers–you’ll wear them untied
so they flop around on your feet.
You can’t
speak English, merely ghetto slur. You can’t pull up or zip up your pants, you
can’t tie your shoes–you’re just not smart enough. And yes, your trashy
president encourages this behavior. You’re much easier to manage when you’re
just a bunch of animals to be poked and prodded as necessary.
There are
African Americans in this country and then there is you. Wake up and look at
yourself. All that for a pair of sneakers?? Really stupid.
Toxic Avenger
It looks like
a negro sneaker frenzy.
Ramon
Well, Well …
Obama supporters at their finest! (lol)
justified
A thinking
person asks themselves, “What are you going to DO about it?” Are you going to
support the Democratic borne Welfare culture, that led directly to this mess,
or are you voting against their candidates by electing viable candidates i.e.
GOP candidates.
Not
Independents, as on a State or Federal level a vote THIS TIME for an
Independent is a vote for the End of America as we know it. The debt piling up
will kill us or the Taxes will.
ATTENTION:
Blue Dog Democrats, the DNC/Obama has stated ‘YOU are NOT in our Future plans.’
John McCombs
Michael Jordan
and Nike should be held accountible for this atrocity. If gun manufacturers are
at fault for gun crimes, then Michael Jordan and Nike should be made to suffer
for this chimpout. On a serious note, however, wouldn’t a statement from
Michael Jordan go a long, long way toward reducing the violence. If he simply
said, “Really folks, are you serious? You’re going to hurt each other over a
pair of overpriced basketball shoes?” But no, MJ doesn’t have it in him because
as long as there is an extra nickel to be drained from his peeps, he’s
perfectly OK with the violence. Well done, Mike. Well done.
A.K.
NEGRO’S ARE
ENORMOUSLY STUPIDLY VIOLENT…IT’S A BRAIN SIZE THING!
jon
If you went to
Drudge you would see the ugly side of blacks is nation wide and not just a
local thing. What a shameful culture they have created amongst themselves
Lordrobot
Illegitimate
Baby needs a new pair of shoes….
Artic Slayer
lol nuttin
like obama people tryin to save the food
naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Just the
Doubt me? Just
correct me and I will call you RACIST! lol
You
LOOSERSSSSSSSSSSSSSSSS.
I didn’t vote
for obama last time but this time I am
John Scott
lol nuttin
like obama people tryin to save the food
naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Just the
Doubt me? Just
correct me and I will call you RACIST! lol
You
LOOSERSSSSSSSSSSSSSSSS.
I didn’t vote
for obama last time but this time I am
Steven Travis
What’s the one
common denominator in all this????
Vince
The big
question is why isn’t OBAMA speaking out on this issue??? He manages to find
time to speak out if a white police officer is ACCUSED of racism when he
restrains a black “professor” from breaking into his house. Remember that?
Without knowing the facts he JUMPS and gives a speech. But incidents like these
teenage hoodlums who rob, beat up, and steal every day he says NOT A WORD
about. This is Obamanation. I hope those of you who voted for him are happy now.
Cisco
Gorillas In The
Mist!
feduptoo
Not so, they
take care of their young!
McGruff
I immediately
wondered if my suspicion would be correct … and it was.
gwbnyc
“under a gift
tree”
A GIFT TREE?
Cowards.
Gustafus21
These are farm
animals — who were given human rights — and they behave as farm animals.
Look what
Venus Williams has done to tennis? – She threatens to ‘rearrange the face” of a
line judge?
They should
have been exterminated. Or forced breeding with whites could have produced
something more benign like O and family…. but ONLY white genes can influence
these vermin
Barry bin Inhalin
I saw the
headline and didn’t even wonder.
Patrick Nugent
EVERYBODY SING:
“We won’t go until we get some, we won’t go until we get some, we won’t go
until we get some, so bring it right here!”
ShoeShine
What’s with
these people and shoes???
Greg
I didn.t see
any white people ni the crowd? Only Blacks ??? What a violent group of people,
they need to get civilized.
Mike_in_Kyiv
Pure
silliness! No gift is worth this! I remember the Cabbage Patch moms who were
fighting to get one of those ugly little dolls a few years back. Now it’s a
pair of shoes that are not – REPEST – NOT worth all that money and you all make
fools of yourselves. Shame on you on our Lord’s birthday.
Grape Ape
Rev Al
Sharpton’s take on this news: “Da reason fo all deez people running amuck and
fightin’ and actin’ unruly is because da white man and society, namely
Republicans in da Congress, are gettin’ in the way of President Obama’s plan to
hand out more free monies into the minority community. It’s also the blame of
rich White communities across America who aren’t willing to spread more of
their wealth and make sure it goes into da hands of inner cities and
African-American communities. Think about it…if these fine, upstanding
customers had more monies at their disposal, they could have paid some illegal
aliens to stand in line for them to buy these items which they desperately need
and wouldn’t have to get into fights in da first place.”
Rev. Jesse Jackson’s
take on this news: “The EVIL corporations run by WHITE men are to blame for
this terrible atrocity!! Therefore, with all my graciousness and good-will, I
am planning to sue Nike shoes (for not supplying enough sneakers), Michael
Jordan’s white lawyer (because I can’t sue a good brother like MJ!), the WHITE
mall security who employed brutal tactics against these innocent customers, and
last but not least… my Rainbow Coalition will make sure these businesses are
not only selling enough items to African-American shoppers but will also ensure
that they are hiring enough minorities in their stories. And I will say this,
if our investigation turns up that they aren’t, we will take them over and my
son Jesse Jr and I will make sure that they are run fairly. Plain and simple.
It’s time to put an end to this WHITE tyranny in America once and for all!!!”
Death of America
Black people
are uncivilized savages. They are the only race that needs to be coddled and
treated like little babies. It’s not a “white vs. black” thing – NO other race
likes blacks. Disgusting beasts who belong in the freaking jungle, period.
Thank you LBJ and all you other POS democrats.
Albert L. Peia
Yes...it's absolutely, unequivocally true that blacks
are inherently uncivilized and in evolutionary terms, only evolved to a point (
http://albertpeia.com/anthroindex1.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT HOLDER JUSTICE DEPARTMENT... (WP) ‘ ignore cases that involve black
defendants and white victims ' ], and prone to violence as with any
feral animal. Moreover, I must admit that I find their simian look repulsive;
and, even before totally realizing the foregoing reality owing to
self-destructive egalitarian propaganda, never did and never would know a black
female in the biblical sense (despite their ‘intrusively easy availability’ -
not a matter of skin color inasmuch as I have ‘known biblically’ red-Indian,
brown-Hispanic, yellow-Oriental women). Wobama the b for b***s*** is a typical,
jive-talking 'n-word' and consequently an abject failure as president. I was
fortunate to have no blacks whatsoever in my schools (schooling) through high
school.
http://www.albertpeia.com
http://www.albertpeia.com/todayspage.htm
MELEE AT
MALL OF AMERICA... Man beaten
by robbers -- who stole new Air Jordan sneakers off his feet!... Hundreds of
Teens Run Wild After Rumors That Rappers 'Lil Wayne, Drake Are There... VIDEO: Mayhem, Screams... California soldier shot at his homecoming party [ From one war
zone to another! ]Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! ]For
‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I
believe the under-profiled black serial killer is also the consequence of their
proclivity for and love of killing, random, for no reason other than for the
sake of killing (which distinguishes them from and positions them below other
feral beasts) and otherwise, and an historic predisposition toward canabalism.
After all, the contra-indicated mainstream view (tv and otherwise) calls for a
white perp in terms of ‘profile’ which is of course, ridiculous. I believe the
under-reporting is owing to multiple killings by blacks being classified as
something other than ‘serial’; ie., gang, gang related, ‘typical’, etc..
Moreover, the anti-white bias of the black perps is also a reality that’s
under-reported. Take a look at the following brutally uncivilized black on
white violent rapes/murders:http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Black Serial/Mass/Spree Killer List:Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)Jervon
Miguel Coleman (Murdered three people.)Donell
Ramon Johnson (Murdered a mother and a daughter)Brian
Ranard Davis (6 women known murdered by nigger)Paul Durousseau
(Seven women)Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)Coral Eugene Watts
(11 women in Texas & 1 in Michigan)Anthony
McKnight (Five girls and young women)Derrick Todd Lee
(8 Women)Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)The Zebra Killings
(71 White people)Chester Turner
(L.A.s most prolific killer 12 women killed.)Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)Henry Louis
Wallace (Raped and strangled 5 women to death.)Charles
Johnston (Murdered 3 unarmed white men in hospital)Craig Price
(Brutally murdered 3 women)Harrison
Graham (Brually Murdered 3 women)Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)Ivan Hill (killed
6 in Los Angeles area).July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth that only white men commit such crimes .Black Serial Killers http://www.amren.com/news/news04/03/03/blackserial.html 200
Involved In Fights At Mall Of America After Rumors That Rappers Are There...
Fox
News’ Chris Wallace Has an Anti-Ron Paul Agenda Yahoo! Contributor Network | Andrew Sullivan called for Chris Wallace to recuse
himself from the Iowa debate. [ Yes, he should recuse himself; and not just
because he’s pro-israeli jewish himself; and we all know how the misguided
israeli lobby feels about Ron Paul’s American interests first foreign policy
leanings and their excluding him from their sponsored debate. ]
Current
Events Summarized In Brilliant Art George Washington 12/16/2011 A picture is worth
a thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]
Wayne
Madsen: Holder’s Fast & Furious was Designed to Destablize Mexican
Government Infowars Nightly News | ‘Wayne Madsen has learned from his
contacts within the Beltway intelligence community that Jared Lee Loughner is
an “MK-ULTRA” programmed assassin and that US District Judge John Roll and
Congresswoman Gabriel Giffords were targetted for assassination.The reason for
the decision to target Judge Roll and Congresswoman Giffords has to do with
their knowledge of the malicious and purposeful arming of Mexican drug gangs
along the US-Mexico border by US intelligence agency assets in an effort
designed to destablize the Mexican government.This towards the end of making
Mexico more dependent on US military aid and protection from its private
security contractors.A key quote from Wayne Madsen’s report follows:
“WMR has been
told that in 2009, information about the CIA/Homeland Security/Napolitano
smuggling operation came to the attention of three individuals, two members of
Congress and a federal judge. The three were Arizona Democratic Representatives
Giffords, Republican Representative Mike Conaway from west Texas, and Judge
Roll. Giffords and Roll were working together on investigating the extent of
the clandestine weapons and druigs smuggling operation and held some joint
meetings with informants, one in north Phoenix, in 2009.Information on the
investigation and informants was strictly limited to only a few trusted
staffers and clerks for Giffords and Roll. In addition, Conaway was also being
briefed by informants on the smuggling operation but since the death of Roll
and the severe mental and physical incapacitation of Giffords from the shooting
carried out by Jared Lee Loughner, said to be an MK-ULTRA-like trained
assassin, he has gone silent in fear for his own safety.Loughner’s was declared
mentally incompetent and there are reports, including one in Slate Magazine,
that the U.S. Medical Center for Federal Prisoners in Springfield, Missouri,
where Loughner is being held, pending a determination of his mental fitness to
stand trial, is being administered psychotropic drugs in his Kool Aid.In
addition to receiving drugs to fund its off-the-books operations, the CIA
weapons smuggling program is designed to arm the two main Mexican cartels —
Sinaloa and Los Zetas — in order to destabilize Mexico.
Cheney: Obama Should Have Attacked Iran to Destroy Drone Kurt Nimmo [ War criminal cheney is
absolutely, totally, criminally insane. He truly is a psychopath of the ‘new
american mold’ and indicative of the decline and fall of the nation just like
that of ancient (and even current, for other reasons) rome. He is so pathetic
in trying to still be relevant in his criminally insane way! ]
Israel
stole weapon-grade uranium from US, report will show Daily Star Kristin Dailey
DHS Shut Down Blog For A Year On False Pretenses Paul
Joseph Watson
In a chilling illustration of how far
Internet censorship has advanced, the Department of Homeland Security seized a
popular music blog and shut down the website for over a year on charges it now
admits were completely false.
The website in question – www.dajaz1.com – was not some obscure,
dubious blog – it was a popular platform for DJ’s that was once featured on
MTV.
“Around Thanksgiving 2010, the Department
of Homeland Security seized more than 70 domains with no trial, accusing them
of copyright infringement,” reports the San Francisco Chronicle.
Dajaz1.com was caught in the dragnet
after DHS claimed four songs the website
were used without permission, when in fact the musicians and publicists
concerned had sent the tracks directly to Dajaz1 with express authorization.
That didn’t stop Homeland Security from
seizing and shutting down the blog for over a year, violating the law by
refusing to tell its owner why the website was taken and subsequently missing the
90 day deadline for explaining why the owner should forfeit the property
permanently.
“Or at least that’s what the owner
assumed when he heard nothing. Then the court told him that the government got
an extension.”
“But the owner couldn’t see the extension
because all the filings in the case were sealed, and was not allowed to testify
in court to ask for his property back, says TechDirt.”
The saga finally came to a close when the
owner was handed back control of the website only yesterday.
The lesson to take from this is that
Homeland Security can now just claim your website contains copyrighted material
with no evidence whatsoever and seize it without any recourse.
“This whole thing has been a disgrace by
the US government, starting with a bogus seizure, improper and illegal
censorship, followed by denial of due process and unnecessary secrecy,” reports
TechDirt .
The
DHS has already seized dozens of websites merely for linking to copyrighted
material, despite the fact that such material isn’t even hosted on the website
itself, a process the Electronic Frontier Foundation has criticized as, “Blunt
instruments that cause unacceptable collateral damage to free speech rights.”
The targeted website, now finally back in
the hands of its rightful owner, has become a poster child for the
anti-Internet censorship movement. The front page of the site urges readers to
oppose the Protect IP Act, legislation that will give the government even more
power to block websites by creating an official blacklist.
As
we reported back in October , the bill that has attracted bi-partisan
support in the House will force Internet Service Providers to create a list of
banned websites and prevent their users from accessing the sites, creating a
Chinese-style ‘ban list’ that could easily be abused to silence free speech.
Lawmakers like Senator Joe Lieberman have teamed up with Department of Homeland
Security officials to push draconian legislation in an effort
to mimic the Communist Chinese system of policing the Internet.
“A service provider shall take technically
feasible and reasonable measures designed to prevent access by its subscribers
located within the United States to the foreign infringing site (or portion
thereof) that is subject to the order, including measures designed to prevent
the domain name of the foreign infringing site (or portion thereof) from
resolving to that domain name’s Internet Protocol address,” states the bill.
Given the fact that the U.S. government
is now ordering
You Tube to remove videos that contain “government criticism,” the
potential for this legislation to be abused to silence political free speech is
clear. Add to that the fact that Verisign, the global authority over all .com
domain names, is demanding
the power to terminate websites deemed “abusive” when ordered to by
government without a court order or any kind of oversight whatsoever, and the
threat to web freedom is clear.’
Putin harks back to Cold War 20 years on Accusations
by Vladimir Putin that the United States is funding poll monitors to spark
protests in Russia mark a return to the rhetoric of the Cold War.
Iowa Poll: Only Ron Paul Can Beat Obama
Donald Trump Dismisses Ron Paul as “Joke Candidate” Kurt Nimmo | Millions of Americans support Paul’s call for
ending foreign aid. [ Yet it’s trump who is the big joke (which makes america ‘When they’re losing, they can afford to be principled’ says corrupt
mobster trump regarding the snubbing of his ‘less than moderation’ of an
upcoming debate in Iowa by the remaining principled GOP contenders. In reality,
it’s actually ‘when you’re winning, you can afford to be principled’. But, in
trump’s corrupt, sordid, sinkhole habitat, the former is indeed his truth. If
you’re principled, you’re losing in trump’s rather surreal unreality. After
all, pervasively corrupt and unprincipled america
‘Pizza with palin’, ‘town
hall of fame with Bachmann’, trump purports to be at least ‘alcohol free’ (the
alleged cause – I don’t think so – of mobster trump’s elder brother’s suicide);
but is he ‘med-free’? … there must be something to account for his madness
(he’s a psychopath who used to play Hitler speeches for inspiration). Ron Paul Slams Trump, Joins Huntsman In Sitting Out
‘Circus-Like’ Debate
Trump
to moderate GOP debate This won’t end well. (Washington Post) [ Goes
without saying… of all people to choose … Why not Jerry Springer?…
‘Non-celebrity Apprentice’, the new reality show, as in who scratches whose back
for favors down the road, as in quid pro quo, as in trump’s continued
‘graduation’ from commonly mob connected, to new york/new jersey politically
sordid sinkholes, to now failed washingtonian … ‘establishment’? Hasn’t trump’s
rise coincided with the nation’s decline / demise? I’ve seen the corruption
first hand! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Does
regulation really kill jobs? (Washington Post) [ Just those
corruption-related ones; those organized crime, as well as disorganized crime
jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy
Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too
typical. I believe it’s time to start questioning what federal employees get
paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s
debt woe is worse than Greece’s News $211 trillion has become synonomous with the machinations
of any number of federal agencies / departments / all branches of
government (ie., DOJ – holder/fast and
furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims , Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission
destroyed documents and compromised enforcement case ... Sen.Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ Report:
SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer)
typically with a ‘pre or post’ arrangement, whether implicit or explicit; that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that
national drain / sinkhole new york (new york / new jersey metro) where, for
example, FBI informants were routinely exposed by ‘italians’ in the new york
d.a.’s office over the objection of the FBI, and were murdered by mafia /
organized crime [ this was documented with authority in ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC
faulted over records shredding The SEC destroyed internal documents that
should have been preserved as official federal records, the agency’s inspector
general has found. (Washington Post) [ Oh, if it was only that, and only the
SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen
Republicans call for Holder to resign. Though heavily redacted, the documents directly
discuss “Operation Fast and Furious” and how it involves “trafficking firearms
to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which
comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
‘I’m
attracted to young people’: Shocking details in scandal of ‘delusional’
Sandusky Mail Online
D.E.A. Launders Mexican Profits of Drug Cartels
Romney visits former President George H.W. Bush [ How totally
pathetic! How desperately pathetic romney the flip-flop is! ]
Woman “imprisoned” on Scientology cruise ship for 12 years {
Scientology is such a total fraud, and founded by that fraudster/mental case l
ron hubbard. In retrospect, fraud/mental infirmity is as american as ‘apple pie
and mother-of-hoods’. } ‘...In
an interview
with the Australian Broadcasting Corporation's (ABC News) Lateline program ,
Paris claims that Church of Scientology leader David Miscavige sent her to the
ship when she was 18 in order to prevent her family from pulling her out of the
organization."I was basically hauled in and told that my mum had attacked
the church and that I needed to disconnect from her because she was
suppressive," she said. "He decided the ship, and I found out two
hours before my plane left, I was woken up in the morning and I was sent to the
ship for 'two weeks.' "Paris was born into a Scientology family, but her
mother quit the group after her husband committed suicide, blaming Scientology
for coercing him out of a self-made personal fortune of more than a million
dollars.Instead of the promised two week stay, Paris found herself unable to
leave the ship without an official Scientology escort and was often forced into
hard labor on the lower levels of the ship for stretches as long as two full
days. "It's hot, it's extremely loud, it's smelly, it's not nice. I was
sent down there at first for 48 hours straight on almost no sleep and I had to
work by myself," she said.So, why didn't Paris simply escape from the ship
when it would take port? The Freewinds has a relatively small sailing route,
traveling throughout the Caribbean and occasionally docking at small
islands."I did not want to be there, I made it clear I did not want to be
there and that was considered bad ethics, meaning it was considered not
right," she said. "They take your passport when you go on the ship
and you're in the middle of an island. So it's a bit hard [to escape] and by
that time I was 18, I'd been in Scientology my whole life, it's not like I knew
how to escape," she said…’
Ten Years Later, Enron Pales in Comparison
Horses could soon be slaughtered for meat in US Horses could soon be butchered in the U.S. for human
consumption after Congress quietly lifted a 5-year-old ban on funding horse
meat inspections, and activists say slaughterhouses could be up and running...{
Another ‘bullish’ sign for pervasively corrupt, defacto bankrupt America.
‘Soylent green’ just around the corner? [Things are looking very, very ominous:
A
good business for a bad economy Firms that keep foreclosed homes clean and
secure are flourishing in these tough financial times. (Washington Post) [ See … there you go …
great times for the american optimist … who sees an opportunity in every
calamity, the rainbow beyond every cloud, the glass half-full, etc.. Whew,
close call … and we thought times were tough … and just when we thought
everything’s now comin’ up roses, we find out that that ‘glue factory’ we
thought was for horses is really a ‘soylent green’ (of the compelling film of
the same name) factory. Ah, just kidding; but, the times are getting eerily
sordid and desperate and there’ll be no real relief from the onslaught of
reality prospectively. It’s really that bad in futuro. 43,454,601,693,238
Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge http://www.economist.com/content/global_debt_clock Foreigners
Sell Second Largest Amount Of US Bonds Ever In Past Week, Record $93 Billion In
US Paper Sold In Past 2 Months Zero Hedge | Europe, and especially Germany
has been just an active seller of sovereign bonds.] }
30 Signs That The United States Of America Is Being Turned
Into A Giant Prison The
American Dream Tuesday, November 29, 2011 'If you live in the United States
of America, you live in a giant prison where liberty and freedom are slowly
being strangled to death. In this country, the control freaks that run
things are obsessed with watching, tracking, monitoring and recording virtually
everything that we do. Nothing is private anymore. Everything that
you do on the Internet is being monitored. All of your phone calls are
being monitored. In fact, if law enforcement authorities suspect that you
have done something wrong, they will use your cell phone microphone to listen
to you even when you think your cell phone is turned off. In many areas
of the country, when you get into your car automated license plate readers
track you wherever you go, and in many major cities when you are walking on the
streets a vast network of security cameras and “smart street lights” are
constantly watching you and listening to whatever you say. The TSA is
setting up “internal checkpoints” all over the nation, Homeland Security is
encouraging all of us to report any “suspicious activity” that our neighbors
are involved in and the federal government is rapidly developing “pre-crime”
technology that will flag us as “potential terrorists” if we display any signs
of nervousness. If you are flagged as a “potential terrorist”, the U.S.
military can arrest you and detain you for the rest of your life without ever
having to charge you with anything. Yes, the United States of America is
rapidly being turned into a “Big Brother” prison grid, and most Americans are
happily going along with it. The sad thing is that this used to be “the land of
the free and the home of the brave”.So what in the world happened?A fundamental
shift in our culture has taken place. The American people have eagerly
given up huge chunks of liberty and freedom in exchange for vague promises of
increased security.Our country is now run by total control freaks and paranoia
has become standard operating procedure.We were told that the terrorists hate
our liberties and our freedoms, and that we needed to fight the terrorists so
that we could keep our liberties and our freedoms.But instead, the government
keeps taking away all of our liberties and our freedoms.How in the world does
that make any sense?Have the terrorists won?As a country, we have moved so far
in the direction of communist China, the USSR and Nazi Germany that it is
almost impossible to believe.Yes, turning the United States of America into a
giant prison may make us all slightly safer, but what kind of life is this?Do
we want to be dead while we are still alive?Is this the price that we want to
pay in order to feel slightly safer?Where are the millions of Americans that
still yearn to breathe free air?America is supposed to be a land teeming with
people thirsting for independence. For example, “Live Free or Die” is
supposedly the official motto of the state of New Hampshire.But instead, the
motto of most Americans seems to be “live scared and die cowering”.We don’t
have to live like this.Yes, bad things are always going to happen. No
amount of security is ever going to be able to keep us 100% safe.We need to
remember that a very high price was paid for our liberty and we should not give
it up so easily.As one very famous American once said, when we give up liberty
for security we deserve neither.
The following
are 30 signs that the United States of America is being turned into a giant
prison….
#1 A new bill that is going through the U.S. Senate
would allow the U.S. military to arrest American citizens and hold them
indefinitely without trial. This new law was recently discussed in an
article the website of the New American ….
In what may be
a tale too bizarre to be believed by millions of Americans, the U.S. Senate
appears ready to pass a bill that will designate the entire earth, including
the United States and its territories, one all-encompassing “battlefield” in
the global “war on terror” and authorize the detention of Americans suspected
of terrorist ties indefinitely and without trial or even charges being filed
that would necessitate a trial.
U.S. Senator Lindsey Graham is a big supporter of the
bill, and he says that it would “basically say in law for the first time that
the homeland is part of the battlefield”.
According to the PPJ Gazette , the following are
three things that this new law would do….
1)
Explicitly authorize the federal government to indefinitely imprison without
charge or trial American
citizens and others
picked up inside
and outside the United States;
(2)
Mandate military detention of some civilians who would otherwise be outside of
military control, including civilians picked up within the United States itself ; and
(3)
Transfer to the Department of Defense core prosecutorial, investigative, law
enforcement, penal, and custodial authority and responsibility now held by the
Department of Justice.
#2
U.S. Senator Joe Lieberman is asking Google to install a “terrorist button ” on all
Blogger.com blogs so that readers can easily flag “terrorist content” for
authorities.
#3
Most Americans have no idea how sophisticated the “Big Brother” prison grid has
become. For example, in Washington D.C. the movements of every single car
are tracked using automated license plate readers (ALPRs). The following
comes from a recent Washington
Post article ….
More than 250
cameras in the District and its suburbs scan license plates in real time,
helping police pinpoint stolen cars and fleeing killers. But the program
quietly has expanded beyond what anyone had imagined even a few years ago.
With virtually
no public debate, police agencies have begun storing the information from the
cameras, building databases that document the travels of millions of vehicles.
Nowhere is that
more prevalent than in the District, which has more than one plate-reader per
square mile, the highest concentration in the nation. Police in the Washington
suburbs have dozens of them as well, and local agencies plan to add many more
in coming months, creating a comprehensive dragnet that will include all the
approaches into the District.
#4
In some American schools, RFID chips are now being used to monitor the
attendance and movements of children while they are at school. The
following is how one article recently described a
program that has just been instituted at a preschool in California….
Upon arriving
in the morning, according to the Associated Press, each student at the
CCC-George Miller preschool will don a jersey with a stitched in RFID chip. As
the kids go about the business of learning, sensors in the school will record
their movements, collecting attendance for both classes and meals. Officials
from the school have claimed they’re only recording information they’re
required to provide while receiving federal funds for their Headstart
program.
#5
Increasingly, incidents of misbehavior at many U.S. schools are being treated
as very serious crimes. For example, when a little girl kissed a little
boy at one Florida elementary school recently, it was considered to be a “possible sex crime ” and the
police were called out.
#6
But what happened to one very young student in Stockton, California earlier
this year was even worse ….
Earlier this
year, a Stockton student was handcuffed with zip ties on his hands and feet,
forced to go to the hospital for a psychiatric evaluation and was charged with
battery on a police officer. That student was 5 years old.
#7
In the United States today, police are trained to respond to even the smallest
crimes with extreme physical force. For example, one grandfather in Arizona
was recently filmed laying unconscious in a pool of his own blood
after police rammed his head into the flood inside a Wal-Mart on Black Friday
night. It was thought that he was shoplifting, but it turns out that he
says that he was just trying to tuck a video game away so other crazed shoppers
would not grab it out of his hands.
#8
Did you know that the government actually sets up fake cell phone towers that
can intercept your cell phone calls? The following is how a recent Wired article described
these “stingrays”….
You make a call
on your cellphone thinking the only thing standing between you and the
recipient of your call is your carrier’s cellphone tower. In fact, that tower
your phone is connecting to just might be a boobytrap set up by law enforcement
to ensnare your phone signals and maybe even the content of your calls.
So-called
stingrays are one of the new high-tech tools that authorities are using to
track and identify you. The devices, about the size of a suitcase, spoof a legitimate
cellphone tower in order to trick nearby cellphones and other wireless
communication devices into connecting to the tower, as they would to a real
cellphone tower.
The government
maintains that the stingrays don’t violate Fourth Amendment rights, since
Americans don’t have a legitimate expectation of privacy for data sent from
their mobile phones and other wireless devices to a cell tower.
#9
U.S. border agents are allowed by law to search any laptop being
brought into the United States without even needing any reason to do so.
#10
In the United States of America, everyone is a “potential terrorist”.
According to FBI Director Robert Mueller, “homegrown terrorists”
represent as big a threat to American national security as al-Qaeda does.
#11
Most Americans are not that concerned about the Patriot Act, but that might
change if they understood that the federal government has a “secret
interpretation” of what the Patriot Act really means. U.S. Senator Ron
Wyden says that the U.S. government interprets the Patriot Act much more “broadly”
than the general public does….
“We’re getting
to a gap between what the public thinks the law says and what the American
government secretly thinks the law says.”
#12
The FBI is now admittedly recording Internet talk radio programs all over the
United States. The following comes from a recent article by Mark Weaver of WMAL.com ….
If you call a
radio talk show and get on the air, you might be recorded by the FBI.
The FBI has
awarded a $524,927 contract to a Virginia company to record as much radio news
and talk programming as it can find on the Internet.
The FBI says it
is not playing big brother by policing the airwaves, but rather seeking access
to what airs as potential evidence.
#13
The federal government has decided that what you and I share with one another
on Facebook and on Twitter could be a threat to national security.
According to a recent Associated
Press article , the Department of Homeland Security will soon be “gleaning
information from sites such as Twitter and Facebook for law enforcement
purposes”.
#14
What you say on your cell phone is never private . The truth is that that the
FBI can demand to see
your cell phone data whenever it wants. In addition, according to CNET News the FBI can remotely activate the
microphone on your cell phone and listen to whatever you are saying….
The FBI appears
to have begun using a novel form of electronic surveillance in criminal
investigations: remotely activating a mobile phone’s microphone and using it to
eavesdrop on nearby conversations.
The technique
is called a “roving bug,” and was approved by top U.S. Department of Justice
officials for use against members of a New York organized crime family who were
wary of conventional surveillance techniques such as tailing a suspect or
wiretapping him.
#15
In some areas of the country, law enforcement authorities are pulling data out
of cell phones for no reason whatsoever. According to the ACLU , state
police in Michigan are now using “extraction devices” to download data from the
cell phones of motorists that they pull over. This is taking place even
if the motorists that are pulled over are not accused of doing anything wrong.
The following is how a recent article on CNET News described the capabilities of these
“extraction devices”….
The devices,
sold by a company called Cellebrite, can download text messages, photos, video,
and even GPS data from most brands of cell phones. The handheld machines have
various interfaces to work with different models and can even bypass security
passwords and access some information.
#16
The federal government has become so paranoid that they have been putting GPS
tracking devices on the vehicles of thousands of people that have not even been
charged with committing any crimes. The following is a short excerpt
from a recent Wired magazine
article about this issue….
The 25-year-old
resident of San Jose, California, says he found the first one about three weeks
ago on his Volvo SUV while visiting his mother in Modesto, about 80 miles
northeast of San Jose. After contacting Wired and allowing a photographer to
snap pictures of the device, it was swapped out and replaced with a second
tracking device. A witness also reported seeing a strange man looking beneath
the vehicle of the young man’s girlfriend while her car was parked at work,
suggesting that a tracking device may have been retrieved from her car.
Then things got
really weird when police showed up during a Wired interview with the man.
The young man,
who asked to be identified only as Greg, is one among an increasing number of
U.S. citizens who are finding themselves tracked with the high-tech devices.
The Justice
Department has said that law enforcement agents employ GPS as a crime-fighting
tool with “great frequency,” and GPS retailers have told
Wired that they’ve sold thousands of the devices to the feds.
#17
New high-tech street lights that are being funded by the federal government and
that are being installed all over the nation can also be used as surveillance
cameras, can be used by the DHS to make “security announcements” and can even
be used to record personal conversations. The following is from a recent
article by Paul Joseph Watson for Infowars.com ….
Federally-funded
high-tech street lights now being installed in American cities are not only set
to aid the DHS in making “security announcements” and acting as talking
surveillance cameras, they are also capable of “recording conversations,”
bringing the potential privacy threat posed by ‘Intellistreets’ to a whole new
level.
#18
If you choose to protest in the streets of America today, there is a good
chance that you will be brutalized. All over the United States law
enforcement authorities have been spraying pepper spray directly into the faces of unarmed
protesters in recent weeks.
#19
In many areas of the United States today, you will be arrested if you do not produce
proper identification for the police. In the old days, “your papers
please” was a phrase that was used to use to mock the tyranny of Nazi
Germany. But now all of us are being required to be able to produce “our
papers” for law enforcement authorities at any time. For example, a
21-year-old college student named Samantha Zucker was recently arrested and put
in a New York City jail for 36 hours just because she
could not produce any identification for police .
#20
According to blogger Alexander Higgins, students in kindergarten and the 1st
grade in the state of New Jersey are now required by law to participate “in
monthly anti-terrorism drills”. The following is an excerpt from a letter that he recently
received from the school where his child attends….
Each month a
school must conduct one fire drill and one security drill which may be a
lockdown, bomb threat, evacuation, active shooter, or shelter-in place drill.
All schools are now required by law to implement this procedure.
So who in the world ever decided that it would be a
good idea for 1st grade students to endure “lockdown” and “active shooter”
drills?
To get an idea of what these kinds of drills are
like, just check out this video .
#21
With all of the other problems that we are having all over the nation, you
would think that authorities would not be too concerned about little kids that
are trying to sell cups of lemonade. But sadly, over the past year police
have been sent in to shut down lemonade stands run by children all over the United States .
#22
The federal government has decided to invest a significant amount of time,
money and energy raiding organic farms. The following example comes from Natural News ….
It is the
latest case of extreme government food tyranny, and one that is sure to have
you reeling in anger and disgust. Health department officials recently
conducted a raid of Quail Hollow Farm, an organic community supported
agriculture (CSA) farm in southern Nevada, during its special “farm to fork”
picnic dinner put on for guests — and the agent who arrived on the scene
ordered that all the fresh, local produce and pasture-based meat that was
intended for the meal be destroyed with bleach.
#23
It is an absolute disgrace that all of us (including
grandmothers and young children ) must either go through body scanners that
reveal the intimate details of our naked bodies or
It is also an absolute disgrace that the American
people are putting up with this.
#24
Invasive TSA security techniques are not just for airports anymore. Now,
TSA “VIPR teams” are actively conducting random inspections at bus stations and
on interstate highways all over the United States. For example, the
following comes from a local news report down in Tennessee ….
You’re probably
used to seeing TSA’s signature blue uniforms at the airport, but now agents are
hitting the interstates to fight terrorism with Visible Intermodal Prevention
and Response (VIPR).
“Where is a
terrorist more apt to be found? Not these days on an airplane more likely on
the interstate,” said Tennessee Department of Safety & Homeland Security
Commissioner Bill Gibbons.
Tuesday
Tennessee was first to deploy VIPR simultaneously at five weigh stations and
two bus stations across the state.
TSA “VIPR teams” now conduct approximately 8,000
“unannounced security screenings” a year at subway stations, bus terminals,
ports and highway rest stops.
#25
More than a million hotel television sets all over America are now broadcasting
propaganda messages from the Department of Homeland Security promoting the “See
Something, Say Something” campaign. In essence, the federal government
wants all of us to become “informants” and to start spying on one another
constantly. The following comes from an article posted by USA Today ….
Starting today,
the welcome screens on 1.2 million hotel television sets in Marriott, Hilton,
Sheraton, Holiday Inn and other hotels in the USA will show a short public
service announcement from DHS. The 15-second spot encourages viewers to be
vigilant and call law enforcement if they witness something suspicious during
their travels.
#26
Certain “types” of American citizens are being labeled as potential threats in
official U.S. government documents. An unclassified Department of
Homeland Security report published a couple years ago entitled “Right-wing
Extremism: Current Economic and Political Climate Fueling Resurgence in
Radicalization and Recruitment ” claims that a belief in Bible prophecy
“could motivate extremist individuals and groups to stockpile food, ammunition
and weapons.” The report goes on to state that such people are
potentially dangerous.
#27
Back on February 20, 2009, the State of Missouri issued a report entitled “MIAC
Strategic Report: The Modern Militia Movement “. That report warned
that the following types of people may be potential terrorists….
*anti-abortion activists
*those that are against illegal immigration
*those that consider “the New World Order” to be a
threat
*those that have a negative view of the United
Nations
#28
As I have written about previously , a very disturbing document that Oath Keepers
has obtained shows that the FBI is now instructing store owners to report many
new forms of “suspicious activity” to them. According to the document ,
“suspicious activity” now includes the following….
*paying with cash
*missing a hand or fingers
*”strange odors”
*making “extreme religious statements”
*”radical theology”
*purchasing weatherproofed ammunition or match
containers
*purchasing meals ready to eat
*purchasing night vision devices, night flashlights
or gas masks
Do any of those “signs of suspicious activity” apply
to you?
#29
Soon you may get labeled as a “potential terrorist” if you are just feeling a
little nervous. A new “pre-crime” technology system that is currently
being tested by the U.S. Department of Homeland Security will soon be in use
all over the nation. It is called “Future Attribute Screening Technology”
(FAST), and it is very frightening. The following description of this new
program comes from an articlein the London Telegraph ….
Using cameras
and sensors the “pre-crime” system measures and tracks changes in a person’s
body movements, the pitch of their voice and the rhythm of their speech.
It also
monitors breathing patterns, eye movements, blink rate and alterations in body
heat, which are used to assess an individual’s likelihood to commit a crime.
The Future
Attribute Screening Technology (FAST) programme is already being tested on a
group of government employees who volunteered to act as guinea pigs.
#30
The truth is that nobody puts more people into prison than America does.
The United States has the highest
incarceration rate in the world and the largest total prison
population on the entire globe.
To read about some of the crazy things that the
control freaks running things have planned for the future, just check out this
article by Natural News: “10
outlandish things the ‘scientific’ controllers have in mind for you in the near
future “.
Once again, despite all of this outrageous
“security”, it is inevitable that a lot of really bad things are going to
happen in the United States in the years ahead.
When there are incidents of violence, it is also
inevitable that there will be calls for even more “Big Brother ” security measures.
We are going to be caught in a never ending spiral of
tyranny where the “solution” is always even tighter security.
Eventually, we will have lost all of our liberties
and freedoms, and we will probably be even less safe than we are today.
Do not be deceived. We could put a soldier on
every corner, a video camera in every room of every home and an RFID chip in
every citizen but that would not make us “safe”.
Every single lawmaker that is backing these laws
which strip our liberties and freedoms away deserves to be voted out of office.
If you love the United States of America, please
stand up and say something while you still can.
Please use this article and other articles like it as
tools. Share them with your friends and your family. If we can get
enough people to wake up, perhaps there is still enough time to turn the direction
of this country around.
Will the final chapters of the history of the United
States of America be mentioned in the same breath as communist China, the USSR
and Nazi Germany, or will the final chapters of the history of the United
States of America be the greatest chapters of all?
The choice, America, is up to you.’
Fayyad Says Israel Must Stop Withholding
Palestinian Revenue BusinessWeek Nov. 24 (Bloomberg) -- Palestinian Authority
Prime Minister Salam Fayyad said Israel must stop withholding tax and customs
payments that it collects for the Palestinians and which account for two-thirds
of the organization's revenue.
Exclusive: CIA Spies Caught, Fear Execution in Middle East
[Well, if there was ever anyone deserving of execution, particularly in the
middle east, it’s cia spies.]
First Lady booed at NASCAR race [Never a previous fan (that
round and round and round– but I do like the flats in horse-racing - Go Big Red
{‘Secretariat’, a terrific film} ), I think I’m going to change my mind in
light of the fans’ display of good taste!]
Pentagon
chief calls India, China ‘threats’ AFP | US Defense Secretary Leon Panetta
referred to India and China as “threats” on Thursday. [ Oh riiiiight! Anything
or anybody that’s not an incompetent, brainless automaton is a ‘threat’ to the
u.s. because in projecting america’s insanity, America sees them deviantly
sitting around plotting ways to wreak havoc and war in the world for the sake
of maintaining their wasteful, nation-draining budgets. What isn’t ‘a threat’
to these mental cases. Certainly the truth is a threat to incompetent dog
panetta, yet it is he and his who are the threat to this nation and the world.
]
Penn State Scandal: Mother of Sandusky's Adopted Son Speaks Out By KEVIN DOLAK | Good Morning America http://gma.yahoo.com/penn-state-scandal-mother-sanduskys-adopted-son-speaks-091457912.html
The
birth mother of Jerry Sandusky 's youngest adopted
child has come forward saying she believes
the former Penn State coach led her son on a path of self-destruction and
that she contacted authorities years ago about her son's safety.
Debra Long
told ABC News in an exclusive interview that sharing her now 33-year-old son Matt with Sandusky had been a nightmare after the coach
became the boy's guardian via foster care in 1995. Long says that she watched
as her child became enamored with the local hero and then increasingly
frightened by Sandusky's behavior.
"It was
Jerry Sandusky, you know? Any 10-year-old kid is gonna be impressed by Penn
State football," Long said. "And then it was the gifts. You know,
money and clothing and whatever … It was as if Jerry owned Matthew."
Sandusky entered
the lives of the Longs as a mentor when Matt was 10 years old, via The Second
Mile charity for at-risk youth, which the former Penn State defensive
coordinator founded. When Matt was placed in juvenile hall after he set fire to
a barn in 1995, he soon entered the Sandusky home as a foster child. He was
adopted by Sandusky as an adult at age 18.
Matt Sandusky,
now 33, is not named as one of the 10 victims in the grand jury presentment
outlining the charges against the coach. He insists he was not abused by his
foster father.
But Debra Long
says that the once-welcome Sandusky soon became a source of fear for her son,
as he would take the boy out of school when he was 15 years old, unbeknownst to
her.
"My son
was afraid of Jerry. If Jerry said don't talk, he didn't talk. I would sit back
and watch when Jerry would show up, how excited Matt was," she said.
"And then, as time went on, I would watch the same kid hide behind the
bedroom door and say, 'Mom, tell him I'm not home.'"
Long believes
that exposure to Sandusky was what made her once-quiet son lash out, and eventually
fall into the coach's hands.
"It
wasn't until Jerry came into the picture that Matt started acting out in
school. Matt ended up burning down a barn with another youth, you know -- it
wasn't until Jerry came into the picture … that mentor turned him from the
quiet, good kid into -- what Jerry could use to take him."
Four months
after moving into the Sandusky's home Matt attempted suicide, along with
another girl who was staying in the house, according to a report in the Patriot-News . After the suicide attempt,
Terry L. Trude, a school-based probation officer, wrote a letter to a local
judge asking that Matt's care at the Sandusky home be reviewed.
"The
probation department has some serious concerns about the juvenile's safety and
his current progress in placement with the Sandusky family," Trude wrote.
The adoption
file for Matt Sandusky contains letters from Long to officials and a Centre
County judge expressing concern for her son, who she was allowed to visit only
one-half day per month while he was in Sandusky's care.
Matt Sandusky
– who is one of five boys adopted by Sandusky and his wife -- still supports
Jerry after he was arrested on charges of 40 counts of sexual assault with 10
minor boys over 15 years. Matt even brought his children to visit Sandusky
after his Nov. 5 arrest.
But the mother
of Matt's kids immediately went to court to obtain an order preventing Sandusky
from being alone with her children. By court order Sandusky is now not allowed
unsupervised contact or overnight visits with his grandchildren.
Alleged Victims Ready for Court In
the aftermath of Jerry Sandusky's unexpected interview on "Rock
Center" with Bob Costas on Monday night, a number of witnesses are now
ready and willing to testify in court that they were sexually assaulted by the
coach.
A second boy has said that he is now ready to testify
in court, according to Harrisburg attorney Ben Andreozzi, who is representing
the boy. According to Andreozzi , the alleged victim called him after Sandusky
gave the controversial interview on Monday.
"He has decided to dig in his heels. He's not
going anywhere. He fully intends to testify," Andreozzi said.
In a statement issued Wednesday, Andreozzi said
Sandusky "elected to re-victimize these young men at a time when they
should be healing," and said his client was "disappointed" by
Sandusky's comments.
"I think he would like Mr. Sandusky to assume
responsibility for the horrible acts he committed on him," Andreozzi said.
Another boy known to be planning to testify is one
known as "Victim 1" in the indictment; he is the boy who first came
forward to authorities to allege abuse at the hands of Sandusky. The boy has
already told his story to the grand jury and is anxious to tell it again in
open court, according to his mother.
"He wants him to go to jail, and he wants him to
pay for what he's done, and he doesn't want him on the streets where he can
hurt somebody else," the unnamed boy's mother told ABC News.
Meanwhile, The Patriot-News reports that hearing Sandusky's interview
broadcast on national television Monday has triggered more of the coach's
alleged victims to come forward.
"They're literally processing it right in front
of us," attorney Andy Shubin told the Patriot-News. "They have kept
it from their families, moms, brothers and sisters ... The folks we talked to
are largely folks in their 20s, who in a lot of cases have never told their
story before."
Shubin has reportedly teamed up with Andreozzi, and
along with a team of psychologists and social workers they plan to aid the
alleged victims by providing seeking mental help and possible legal recourse. ‘
How
to Protect Ourselves from Radiation
: George Washington : 11/16/2011 - Self-Help: How
to Protect Ourselves Against Damage from Radiation
Penn State
coach says he stopped shower assault... ‘…McQueary was placed on administrative leave last
week after Penn State officials said he had received threats.According to the
grand jury report, the graduate assistant said he saw a boy, whose age he
estimated at 10 years old, "being subjected to anal intercourse" by a
naked Sandusky in a shower at the Penn State football building in March 2002.
The graduate assistant left "immediately," was "distraught"
and called his father, according to the presentment. His father told him to
leave the building and come to his home, according to the presentment.In the
email obtained by The Morning Call, dated Nov. 8, McQueary said "I did
stop it, not physically, but made sure it was stopped when I left that locker
room.""No one can imagine my thoughts or wants to be in my shoes for
those 30-45 seconds," McQueary wrote. "Trust me."Asked about
McQueary's statement in the email that he had discussions with police, Penn
State police told The Morning Call they were deferring to the university public
relations office, which did not return a call Tuesday afternoon. Pennsylvania
State Police in Harrisburg , which is heading the
investigation, did not return a call.McQueary has not spoken publicly and
declined to be interviewed by The Morning Call…’
Ron Paul Only Republican Candidate Not Calling for Iran
Attack Kurt Nimmo
Ron Paul Gets 89 Seconds To Speak In CBS Debate
Why World War III: Destroy The Global Economy, Create A
Greater Israel Saman Mohammadi |
[ This really would be quite incredible if it wasn’t so credibly true.
That these nations have and would self-destructively sacrifice themselves for
greater ‘zion/israel’, particularly in light of israel’s war
crimes/crimes/illegal nuclear proliferation/international law violations,
complete disavowal of all Christianity stands for, and anti-Arab/Muslim
provocateur/nemesis is a ‘non-mystery mystery’ that will forever haunt the
annals of a doomed future and then history. ] There is a mistaken belief held
by many people that the U.S. government won’t attack Iran or allow Israel to
attack.Law professor says sympathy for American troops is not ‘rational’
Defense
chief warns on Iran strike consequences Reuters | Military
action against Iran could have “unintended consequences” in the region.
Putin
defends bid for president [ Let me add my voice to his own in defending
Putin’s bid for the Russian Presidency! Another time, another place, maybe,
just maybe, such criticism might, just might be at the most, okay, even if
unwarranted. Yet, in this global worst of times scenario, Russia and the world
need a strong leader to ‘push back’ the irrationality and desperate
‘misadventurism’ (wars, contrived conflict, raping, pillaging, and plundering
by war crimes nations america/israel along with the foolishly complicit,
self-destructively pliant european bobbleheads, et als.) and continue the
rationality and strength that has always seen the great nation of Russia
through the hardest of times. From a purely Russian perspective, the Russian
people must ask themselves who is the Russian leader pervasively corrupt,
defacto bankrupt, fallen, desperate war crimes nation in intractable decline
america/israel would least be inclined to want to see in office (don’t forget
former ‘american partners’ sadam hussein, momar ghadafi, etc.). The question
answers itself. Rationality will indeed prevail in the great nation state of
Russia. Congratulations President Putin!
]
TRUTHFUL TRASH TALK (ABOUT
ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACK Report: Sarkozy calls Netanyahu
'liar' Microphones
accidently left on after G20 meeting pick up private conversation between US,
French presidents. Sarkozy admits he 'can't stand' Israeli premier. Obama:
You're fed up with him? I have to deal with him every day! http://www.ynetnews.com/PicServer2/13062011/3550874/Untitled-1_wa.jpg
Arret sur Images (Screenshot)
The conversation then drifted to
Netanyahu, at which time Sarkozy declared: "I cannot stand him. He is a
liar." According to the report, Obama replied: "You're fed up with
him, but I have to deal with him every day!" The remark was naturally
meant to be said in confidence, but the two leaders' microphones were
accidently left on, making the would-be private comment embarrassingly public.
The communication faux pas went unnoticed for several minutes, during which the
conversation between the two heads of state – which quickly reverted to other
matters – was all but open to members the press, who were still in possession
of headsets provided by the Elysée for the sake of simultaneous translation
during the G20 press conference."By the time the (media) services at the
Elysée realize it, it was on for at least three minutes," one journalist
told the website. Still, he said that reporters "did not have a chance to
take advantage of this fluke."The surprising lack of coverage may be
explained by a report alleging that reporters present at the event were
requested to sign an agreement to keep mum on the subject of the embarrassing
comments. A member of the media confirmed Monday that "there were discussions
between journalists and they agreed not to publish the comments due to the
sensitivity of the issue." He added that while it was annoying to have to
refrain from publishing the information, the journalists are subject to precise
rules of conduct.’
No
smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen
Fourth accuser urges Herman Cain to ‘come clean’ about harassment - A fourth woman has accused Republican
presidential candidate Herman Cain of sexual harassment--this time in public.
Sharon Bialek told reporters in a press conference Monday that Cain groped her
and e...
Extreme Poverty Is Now At Record Levels
Good and evil
doesn’t have a grey zone. Killing and stealing is bad. Violence is
never “good” or necessary unless it is used to defend against killers and
thieves. Indeed, that is the morality behind the “just war” principle as
defined by international laws and treaties.
Yet, this
simple concept of right and wrong gets muddled by differing ideas about
religion, patriotism, economics and many other divisions. The “just war”
rule has crumbled under the ambitions of empires throughout history. The
American-led Anglo Saxon empire is no different.
This empire
has been brutally conquering and colonizing territory since the fall of Rome.
However, it has only gained an American face in the last century.
The United States quickly emerged as the world’s “superpower” primarily
through its economic might. For some time, many believed the U.S. to be a
shining example of economic freedom for other nations to emulate. Indeed,
America was eager to promote “economic freedom” globally to open new markets
for U.S.-based corporations.
When foreign
leaders refused to allow these corporate interests into their country, those
leaders were replaced through a variety of covert actions. The form of
government that would be installed did not matter to the empire makers so long
as the corporate interests were served. In most cases these nations
simply surrendered to the seemingly unlimited power of the almighty dollar,
thus camouflaging the traditional method of forceful empire building.
However, some
nations, especially in the last two decades, remained stubborn and have refused
to alter their banking systems while also shunning Western companies.
Despite the empire’s best efforts to diplomatically bribe or sanction
them into submission, they ultimately required an iron military fist to force
their compliance. Until recently, military action remained the last
resort. But now, preemptive military action seems to have become the
preferred, and perhaps necessary, method to conquer the last resource-rich
nations out of their grasp.
The empire’s
populations cheered this strategy out of fear of being attacked by these rogue
nations who never attacked or even threatened to attack them. In the fog
of fear, killing and stealing became acceptable. In fact, detention
without charges and even torture became acceptable in the former capital
of freedom. America has determined that the means justifies the end — which is
more power.
As with
all empires, these “means” have become increasingly violent and destructive in
the face of resistance. Yet, only a few more dominoes are left to knock
over for America to complete a plan set in motion well before they were one of
the colonies. That is unless, of course, other world powers break ranks
and attempt to stop the conquerors, which could lead to a large scale conflict.
Regardless, when the dust settles and moral history
is written, America and her Western cohorts will likely be viewed as the most
brutal empire in history. Here are ten reasons why this is already the
case:
http://4.bp.blogspot.com/-ziW0uRVXDeM/Trdbyofg0wI/AAAAAAAAMO4/aHNh5p76jQE/s200/rumsfeld+saddam.jpg
Support of Dictators: secretly
funding the Nazis , to installing
the Shah in Iran , Pinochet in Chile, supporting Musharraf in
Pakistan, and their everlasting love affair with the brutal Saudi royal family,
to name a few. Actions speak louder than words to those who can navigate
the storm of propaganda with a moral compass set to recognize good from evil.
Dictators and freedom cannot coexist.
Preemptive Wars of Aggression:
Bush Doctrine ; the
use of preemptive military action to confront possible threats was unofficially
adopted to be the new foreign policy for combating terror. Since then,
America has become the violent aggressors, having officially invaded two
countries — Afghanistan and Iraq — without legitimate provocation.
Violent aggressors have always been judged by history as evil. But it gets
worse….
http://2.bp.blogspot.com/-DFk3UwXUOkQ/TrdS5oSk70I/AAAAAAAAMOA/mQqATzs4Zrs/s1600/dees+waterboarding+bush.jpg
#3. Torture: Japanese
soldiers were convicted and executed for engaging in the exact same torture
techniques that America has redefined as ‘enhanced interrogation’.
“I was just following orders,” was not a justifiable excuse for such inhumane
behavior, much like it wasn’t a good enough defense for the low-ranking patsies
who took the heat for the sinister Abu Ghraib
torture scandal even though their actions were approved
at the highest levels . Can state-sanctioned torture of prisoners held
without charges ever be viewed as anything less than brutal?
http://1.bp.blogspot.com/-KxpFlJBhceI/TrdWSTR6itI/AAAAAAAAMOQ/OEHWeOqQW0g/s200/dees+activists.jpg
#4. Suppression
of Dissent: warrantless
spying , arbitrary watch lists, citizen
spy campaigns , and TSA molestation to travel anywhere. Additionally,
in an attempt to squash free speech, they arbitrarily seize websites and
violently confront peaceful protesters. Unfortunately, as awareness of
the topics in this very article expands, the U.S. will likely become even
bolder in their pursuit of stifling dissent. In other words, the worst is
yet to come, and history will judge the U.S. as not quite the beacon of freedom
they have pretended to be.
#5. Elimination
of Habeas Corpus: Habeas corpus , considered
the only humane path to “which a prisoner can be released from unlawful
detention,” has been eliminated for those vaguely labeled ‘enemy combatants’ of
the empire. As Guantanamo prisoners rot under such pretenses, prominent
lawmakers in the empire propose the exact same lack of rights for American
citizens if they’re labeled an ‘enemy
belligerent ‘. Similar to the Spanish Inquisition ,
now you’re guilty until you’re tortured to admit your guilt. Can it get
more evil? Why yes, it can. Read on.
http://2.bp.blogspot.com/-wGDDFfHAX50/TrdaUPj530I/AAAAAAAAMOw/B5_u34lL3gY/s200/FredaLibertyUpended.jpg
#6. Assassinating
Citizens: government
patsy, Anwar al-Awlaki , and his teenage son on the suspicion of terrorism.
Paul Craig Roberts laments “Now the
US government not only can seize a US citizen and confine him in prison for the
rest of his life without ever presenting evidence and obtaining a conviction,
but also can have him shot down in the street or blown up by a drone.”
Isn’t this the reason America claims to be knocking off dictators around
the world — the deliberate killing of their own citizens?
But Awlaki was a bad apple because the intelligence
community said so. What’s most telling that America will continue this
wickedness is that almost every US lawmaker turned a blind eye to the grotesque
violation of Constitutional rights. Only Ron Paul
said that assassinating an American citizen without charges is nothing less
than an “impeachable offense”. Too bad most of the country cheered the
Awlaki killing as a “victory” in the war on terror, indicating that it is now
an acceptable tactic. Americans beware: you may be moved from a secret
watch list to a secret kill list in this brutal empire.
http://1.bp.blogspot.com/-YQecA6AdJLQ/Trdc3ax5PnI/AAAAAAAAMPA/svo3xXohd7s/s200/dees+libya.jpg
#7. Unauthorized
Drone Wars: Pakistan ,
Yemen, and Somalia. Even worse, they waged a full-scale war for
regime change and resource plundering in Libya without any authority
inside the United States. Under the NATO flag, which is 75%
funded by the U.S. , they flew over 9200
strike sorties in Libya to illegally topple Gaddafi. Drunk with
success, the bloodthirsty empire marches on to their next preemptive targets,
Syria and Iran. Quick morality check: unprovoked killing and stealing as
a first resort is still wrong, right?
#8. Use
of Weapons of Mass Destruction: Hiroshima
and Nagasaki in WWII, to Monsanto’s Agent
Orange in Vietnam, to the depleted
uranium used in Afghanistan and Iraq , America only condemns itself when
speaking about the evils of WMDs. However, killers don’t appear to care how the
killing is accomplished, so long as it achieves their goals. The real
firecrackers will likely be brought out in a confrontation with Iran, or if
China and Russia are lured into the conflict. It won’t really matter much
what history says if the use of WMD escalates by either side, but the
aggressors should rightly be blamed for the ensuing scorched earth, while the
defenders against killers and thieves should be viewed as righteous.
#9. World’s Largest
Drug Dealer: genetically
modified organisms on nations, usually under the cover of foreign aid,
America also leads in the illegal drug trade. In fact, many researchers
reveal that the war on drugs is only utilized to control and monopolize
the illicit drug trade. The US government has been caught multiple
times shipping in
cocaine , colluding
with certain cartels to control the industry, and now openly protects and transports opium
from Afghanistan . In fact, Global Research points
out that in 2001, “according to UN figures, opium production had fallen to
185 tons. Immediately following the October 2001 US led invasion, production
increased dramatically, regaining its historical levels.” This month,
the U.N.
announced that Afghanistan now provides 93%
of the world’s opium production; up 61% compared to 2010 to a
whopping 5800 tonnes. Although the empire tries to keep it secret,
they can’t hide the hypocrisy forever.
http://3.bp.blogspot.com/-uY_ZP5f24y8/TrdZ3Bs9HhI/AAAAAAAAMOo/FgB0_Ri48LU/s1600/pyramid.jpg
#10. World
Reserve Currency Prison: conquer
diplomatically through debt . Controlling the world reserve currency
means controlling the tap of life itself, which is a dangerous weapon in the
hands of an aggressive empire. Debt is the ultimate WMD the empire uses
to enslave the world, which leaves dissidents with two clear choices: slavery
or death.
Although this empire is infinitely more powerful than
Rome was, it will suffer the same fate. For every negative action the
empire commits, there’s an equal and opposite good reaction. And the goodness
of humanity will always defeat tyranny when it goes too far. However, an
empire with so much to lose will go down swinging and slinging every weapon in
its arsenal, thus putting the final stamp on their status as most brutal empire
in history.’
Extreme Poverty Is Now At Record Levels – 19 Statistics
About The Poor That Will Absolutely Astound You According to the U.S. Census Bureau, a higher
percentage of Americans is living in extreme poverty than they have ever
measured before. The
Economic Collapse November 5, 2011
According to
the U.S. Census Bureau, a higher percentage of Americans is living in extreme
poverty than they have ever measured before. In 2010, we were told that
the economy was recovering, but the truth is that the number of the “very poor”
soared to heights never seen previously. Back in 1993 and back in 2009,
the rate of extreme poverty was just over 6 percent, and that represented the
worst numbers on record. But in 2010, the rate of extreme poverty hit a
whopping 6.7 percent. That means that one out of every 15 Americans is
now considered to be “very poor”. For many people, this is all very
confusing because their guts are telling them that things are getting worse and
yet the mainstream media keeps telling them that everything is just fine.
Hopefully this article will help people realize that the plight of the poorest
of the poor continues to deteriorate all across the United States. In
addition, hopefully this article will inspire many of you to lend a hand to
those that are truly in need.
Tonight, there
are more than 20 million Americans that are living in extreme poverty.
This number increases a little bit more every single day. The following
statistics that were mentioned in an article in The Daily Mail should be very
sobering for all of us….
About 20.5
million Americans, or 6.7 percent of the U.S. population, make up the poorest
poor, defined as those at 50 per cent or less of the official poverty level.
Those living in
deep poverty represent nearly half of the 46.2 million people scraping by below
the poverty line. In 2010, the poorest poor meant an income of $5,570 or less
for an individual and $11,157 for a family of four.
That 6.7
percent share is the highest in the 35 years that the Census Bureau has
maintained such records, surpassing previous highs in 2009 and 1993 of just
over 6 percent.
Sadly, the wealthy and the poor are being
increasingly segregated all over the nation. In some areas of the U.S.
you would never even know that the economy was having trouble, and other areas
resemble third world hellholes . In most U.S. cities today, there are the
“good neighborhoods” and there are the “bad neighborhoods”.
According to a recent Bloomberg article , the “very
poor” are increasingly being pushed into these “bad neighborhoods”….
At least 2.2
million more Americans, a 33 percent jump since 2000, live in neighborhoods
where the poverty rate is 40 percent or higher, according to a study released
today by the Washington-based Brookings Institution.
Of course they don’t have much of a choice.
They can’t afford to live where most of the rest of us do.
Today, there are many Americans that openly look down on the poor , but that
should never be the case. We should love the poor and want to see them
lifted up to a better place. The truth is that with a few bad breaks any
of us could end up in the ranks of the poor. Compassion is a virtue that
all of us should seek to develop.
Not only that,
but the less poor people and the less unemployed people we have, the better it
is for our economy. When as many people as possible in a nation are
working and doing something economically productive, that maximizes the level
of true wealth that a nation is creating.
But today we
are losing out on a massive amount of wealth. We have tens of millions of
people that are sitting at home on their couches. Instead of creating
something of economic value, the rest of us have to support them
financially. That is not what any of us should want.
It is
absolutely imperative that we get as many Americans back to work as
possible. The more people that are doing something economically
productive, the more wealth there will be for all of us.
That is why it
is so alarming that the ranks of the “very poor” are increasing so
dramatically. When the number of poor people goes up, the entire society
suffers.
So just how
bad are things right now?
The following
are 19 statistics about the poor that will absolutely astound you….
#1 According to the U.S. Census Bureau, the percentage
of “very poor” rose in 300 out of the 360 largest metropolitan
areas during 2010.
#2 Last year, 2.6 million more Americans descended into poverty . That was
the largest increase that we have seen
since the U.S. government began keeping statistics on this back in 1959.
#3 It isn’t just the ranks of the “very poor” that are
rising. The number of those just considered to be “poor” is rapidly
increasing as well. Back in the year 2000, 11.3% of all Americans were living in
poverty. Today, 15.1% of all Americans are living in poverty.
#4 The poverty rate for children living in the United
States increased to 22% in 2010.
#5 There are 314 counties in the United States
where at least 30% of the
children are facing food insecurity.
#6 In Washington D.C., the “child food insecurity rate”
is 32.3% .
#7 More than 20 million U.S. children rely on
school meal programs to keep from going hungry.
#8 One out of every six elderly
Americans now lives below the federal poverty line.
#9 Today, there are over 45 million Americans on food stamps.
#10 According to the Wall Street Journal, nearly 15 percent of all
Americans are now on food stamps.
#11 In 2010, 42 percent of all single mothers in the
United States were on food stamps.
#12 The number of Americans on food stamps has increased 74% since 2007.
#13 We are told that the economy is recovering, but the
number of Americans on food stamps has grown by another 8 percent over the past year.
#14 Right now, one out of every four American children is on
food stamps.
#15 It is being projected that approximately 50 percent
of all U.S. children will be on food stamps at some point in their lives before
they reach the age of 18.
#16 More than 50 million Americans are now on
Medicaid. Back in 1965, only one out of every 50 Americans was on
Medicaid. Today, approximately one out of every 6
Americans is on Medicaid.
#17 One out of every six Americans is now enrolled in at least one government
anti-poverty program.
#18 The number of Americans that are going to food
pantries and soup kitchens has increased by 46% since 2006.
#19 It is estimated that up to half a million children may
currently be homeless in the United States.
Sadly, we
don’t hear much about this on the nightly news, do we?
This is
because the mainstream media is very tightly controlled.
I came across
a beautiful illustration of this recently. If you do not believe that the
news in America is scripted, just watch this video starting at the 1:15
mark. Conan O’Brien does a beautiful job of demonstrating how news
anchors all over the United States are often repeating the exact same words.
So don’t rely
on the mainstream media to tell you everything.
In this day
and age, it is absolutely imperative that we all think for ourselves.
It is also
absolutely imperative that we have compassion on our brothers and sisters.
Winter is
coming up, and if you see someone that does not have a coat, don’t be afraid to
offer to give them one.
All over the
United States (and all around the world), there are orphans that are
desperately hurting. As you celebrate the good things that you have
during this time of the year, don’t forget to remember them.
We should not
expect that “the government” will take care of everyone that is hurting.
The reality is
that millions of people fall through the “safety net”.
Being generous
and being compassionate are qualities that all of us should have.
Yes, times are
going to get harder and an economic collapse is coming.
That just
means that we should be more generous and more compassionate than we have ever
been before.’
Lindsay
Lohan gets 30-day jail sentence http://www.cbsnews.com/8301-207_162-20129112/lindsay-lohan-gets-30-day-jail-sentence
[ Boy oh boy … Talk about ‘going after the low hanging fruit’ … If only they
were as diligent in going after the serious, real including very violent,
criminals plaguing america generally and california particularly. After all,
they are letting serious criminal felons out of jail. I do not think anyone
could possibly say that Lohan is a serious threat to anyone. I’m glad that she
got the ‘Playboy gig’ (I’ve always found Playboy to be a tasteful exposé of
artistically beautiful vistas). Though glad to see this unreasonably and
unrelentingly tortured (to the point tantamount to overreaching persecution /
prosecution), talented girl get work in film, I must honestly say I’m less than
enthusiastic that it’s for some new york (fiore/gotti), new jersey (mental case
scientologist – scientology is total b***s***- john ‘tony manero’ travolta)
guineas who likely will be inclined to glorify that which couldn’t possibly be
glorified (Francis Ford Coppola openly expressed his own misgivings concerning
same, initially refusing his ‘big break’ debut) and as well his antipathy for
the mob; but, I also must say his films gave rise to the career of the great
actor, Al Pacino –his lesser known underrated roles in ‘Panic in Needle Park’,
‘Scarecrow’, and especially the terrific film relatively few people saw,
‘Simone’, etc., along with Shakespearian theater, which ultimately justified
the exception by creating ‘some good from bad’. I’d be lying if I said, ie.,
Godfather 1,2,3 were anything but masterfully done). I personally unequivocally
hate the mob! http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf It’s
also true that I hate ‘mobs’ of any kind, any ethnicity, government mobs/slugs
included . Previous:
Roman
Polanski freed after Swiss reject U.S. extradition request (Washington
Post, July 13, 2010) Without diminishing in any way the seriousness of the
crime, this result is the direct consequence of the growing global recognition
of the pervasiveness of corruption in american courts, state and federal, and
america generally; so much so, that said corrupt american courts cannot be
relied on anywhere, anytime. Indeed, my own sampling, though hardly random to
be candid, is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in prior comments. / BBC
News - Roman Polanski Dec 5, 2010 ... Roman Polanski's The
Ghost Writer Polanski time arrest www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course, masterfully
done film which deals with exactly that topic and the sordid, unscrupulous
machinations of the cia / u.s. (no wonder the u.s. opted out of coverage by
world treaty / The Hague thereby) to avoid detection of, and to further such
activities as the war crimes referenced.}Police: Judge won't be charged over video
beating BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST
"CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS: Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare
moment for one to say that a sleazy hypocrite like blago, who is on corrupt
federale-connected mobster trump’s celebrity apprentice, happens to be correct
based upon facts / reality and my own direct observation and experience and the
law – Don’t forget to include corrupt federal judges as maryanne trump barry,
sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt
america’s so-called system is pervasively corrupt and broken] (AP)
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen
Republicans call for Holder to resign. Though heavily redacted, the documents directly
discuss “Operation Fast and Furious” and how it involves “trafficking
firearms to Mexico”. Tuesday, November 1, 2011
Pinal County
Sheriff Paul Babeu joined over two dozen Republican lawmakers in calling on
Attorney General Eric Holder’s to resign over Operation Fast and Furious, the
gunrunning program that saw the ATF deliver some 2,000 guns directly into the
hands of Mexican drug gangs, labeling the scandal worse than the Watergate
cover-up that brought down the Nixon White House.
Noting that
two of the guns involved in the program were found at the scene where U.S.
Border Patrol agent Brian Terry was shot to death, Babeu warned that if Holder
attempted to stay in power, he could bring down the entire Obama
administration.
“I thought it
was a telling sign when President Obama embraced him and gave him the Al Capone
hug and the Scarface whisper in the ear that I support you. He did this
publicly. I thought, `Wow, this is his last hours here, that he’s on his way
out,” Babeu told KTAR News .
Holder is set
to testify once more on the subject in front of a Democratic-led Senate
committee on November 8.
By no means
for the first time, if Eric Holder repeats his dubious contention that Fast and
Furious only came to his attention when it became public knowledge, he will be
knowingly committing perjury.
The head of
the Justice Department’s criminal division, Lanny A. Breuer, Holder’s
subordinate who first
learned of Fast and Furious in April 2010 , sent Holder briefings concerning
Fast and Furious in July 2010, almost a year before Holder told a Judiciary
Committee hearing, “I’m not sure of the exact date, but I probably heard about
Fast and Furious for the first time over the last few weeks.”
Holder also
received the same briefing from the head of the National Drug Intelligence
Center, internal
DOJ documents obtained by CBS News show.
“Internal
Justice Department documents show that at least ten months before that hearing,
Holder began receiving frequent memos discussing Fast and Furious,” states the
report.
The CBS News
journalist behind the scoop, Sharyl Attkisson, was
subjected to verbal abuse by the White House merely for asking questions
about the controversy, and was warned not to pursue the story.
In addition, Holder himself gave testimony
to Congress in May 2009 in which he spoke of efforts on behalf of the DOJ
and the DHS to track weapons going from the U.S. into Mexico under Project
Gunrunner, which was the umbrella program for subsequent operations like Fast
and Furious.
It now appears
as though Breuer is attempting to throw himself under the bus in an attempt to
take the heat off his boss and be the fall guy for Fast and Furious.
Over
two dozen Republican lawmakers have called for Holder to resign over his
stonewalling on Fast and Furious, which is the subject of a congressional
probe.
As
we highlighted last week , Holder is not alone in his willingness to risk
charges of perjury by lying in front of elected representatives.
Despite
telling a House Judiciary Committee that she only learned of operation Fast and
Furious in December last year when the controversy went public, Homeland
Security chief Janet Napolitano actually helped launch the previous incarnation
of the program, Project Gunrunner, at a White House press conference in March
2009.
“Napolitano,
at one point likening the questioning to a cross-examination, said repeatedly
she only learned of “Fast and Furious” after Border Patrol Agent Brian Terry
was killed in December,” reported
Fox News . “She emphasized the operation, conceived and run by the Bureau of
Alcohol, Tobacco, Firearms and Explosives, “was an ATF operation,” under the
auspices of the Justice Department, not her department.”
However, as
the video below illustrates, not only was Napolitano aware of the ATF program
to put guns into the hands of Mexican drug lords, she actually helped launch
the previous incarnation of it, Project Gunrunner, at a White House press
conference alongside Deputy Attorney General David Ogden in March 2009.’
http://www.youtube.com/watch?feature=player_embedded&v=-F_1Sya42yA
U.S.
Boots on the Ground in Libya, Pentagon Confirms Fox News
Bloomberg: Riots On Streets NY Daily News
Moody’s Downgrades Bankster Trifecta Kurt Nimmo
Gorbachev Calls For American Perestroika Paul Joseph Watson
2012: Ron Paul is the Only Option Kurt Nimmo
Afghanistan to back Pakistan if wars with U.S.: Karzai - ISLAMABAD (Reuters) - Afghanistan would
support Pakistan in case of military conflict between Pakistan and the United States,
Afghan President Hamid Karzai said in an interview to a private Pakistani ..
GAO
Report: Federal Reserve Is Riddled With Corruption And Conflicts Of Interest
Daily Bail
FBI
Announces Gangs Have Infiltrated Every Branch Of Military Business Insider
Iraq war will cost more than World War II
The
Military Industrial Complex at 50: Activism Ray McGovern
BOOK WARNS OF END... Fri Oct 14 2011 07:00:25 ET **Exclusive** "As the faith that gave birth to the West is dying in
the West, peoples of European descent from the steppes of Russia to the coast
of California have begun to die out, as the Third World treks north to claim
the estate. The last decade provided corroborating if not conclusive proof that
we are in the Indian Summer of our civilization." So begins Pat Buchanan in his hardcore work, SUICIDE OF A
SUPERPOWER. "Will America Survive to 2025?" Buchanan, set for maximum controversy, launches all rockets
at introduction "Disintegrating Nation" -- and does not let up for
400-plus pages. "America is disintegrating. The centrifugal forces
pulling us apart are growing inexorably. What unites us is dissolving. And this
is true of Western Civilization....Meanwhile, the state is failing in its most
fundamental duties. It is no longer able to defend our borders, balance our
budgets, or win our wars." The books reads as if its been written to be left behind in
the ruins, only to be found by a future civilization. SUICIDE
ranked #2,668 on AMAZON's hit parade early Friday. Now only the DRUDGE REPORT can offer a look inside. Chapter 1: The Passing of a Superpower “We have accepted today the existence in perpetuity of a
permanent underclass of scores of millions who cannot cope and must be carried
by society -- fed, clothed, housed, tutored, medicated at taxpayer’s expense
their entire lives. We have a dependent nation the size of Spain in our
independent America. We have a new division in our country, those who pay a
double or triple fare, and those who ride forever free.” Chapter 2. The End of Christian America If [Christopher] Dawson is correct, the drive to
de-Christianize America, to purge Christianity from the public square, public
schools and public life, will prove culturally and socially suicidal for the
nation. “The last consequence of a dying Christianity is a dying
people. Not one post-Christian nation has a birth rate sufficient to keep it
alive....The death of European Christianity means the disappearance of the
European tribe, a prospect visible in the demographic statistics of every
Western nation.” Chapter 3. The Crisis of Catholicism “Half a century on, the disaster is manifest. The robust
and confident Church of 1958 no longer exists. Catholic colleges and
universities remain Catholic in name only. Parochial schools and high schools
are closing as rapidly as they opened in the 1950s. The numbers of nuns,
priests and seminarians have fallen dramatically. Mass attendance is a third of
what it was. From the former Speaker of the House to the Vice President,
Catholic politicians openly support abortion on demand.” “How can Notre Dame credibly teach that all innocent life
is sacred, and then honor a president committed to ensuring that a woman’s
right to end the life of her innocent child remains sacrosanct?” Chapter 4. The End of White America “[W]hite America is an endangered species. By 2020, whites
over 65 will out-number those 17 and under. Deaths will exceed births. The
white population will begin to shrink and, should present birth rates persist,
slowly disappear.” “Mexico is moving north. Ethnically, linguistically and
culturally, the verdict of 1848 is being over-turned. Will this Mexican nation
within a nation advance the goals of the Constitution -- to “insure domestic tranquility”
and ‘make us a more perfect union’? Or have we imperiled our union?” (Page 134)
Chapter 5. Demographic Winter “Peoples of European descent are not only in a relative but
a real decline. They are aging, dying, disappearing. This is the existential
crisis of the West.” (Page 166) “Not any Iranian weapon of mass destruction but demography
is the existential crisis Israel faces....By mid-century...Palestinians west of
the Jordan river will out-number Jews 2-1. Add Palestinians in Jordan, it is
3-1.” “In a startling development of history, Russia’s population
has fallen from 148 million in 1991 to 140 million today and is projected to
plunge to 116 million by 2050, a loss of 32 million Russians in six decades.” Chapter 6. Equality Vs. Freedom “Those who would change society begin by changing the
meaning of words. At Howard University, LBJ changed the meaning of equality
from the attainable -- an end to segregation and a legislated equality of
rights for African-Americans -- to the impossible: a socialist utopia.” “Where equality is enthroned, freedom is extinguished. The
rise of the egalitarian society means the death of the free society.” “A time for truth. As most kids do not have the athletic
ability to play high school sports, or the musical ability to play in the band,
or the verbal ability to excel in debate, not every child has the academic
ability to do high school work. No two children are created equal, not even
identical twins. The family is the incubator of inequality and God its author.”
Chapter 7. The Diversity Cult “The non-Europeanization of America is heartening news of
an almost transcendental quality,” Wattenberg trilled.4 Yet, one wonders: What
kind of man looks with transcendental joy to a day when the people among whom
he was raised have become a minority in a nation where the majority rules?” “Historians will look back in stupor at 20th and 21st
century Americans who believed the magnificent republic they inherited would be
enriched by bringing in scores of millions from the failed states of the Third
World.” Chapter 8: The Triumph Of Tribalism America’s war of revenge against Japan was a race war.
Newsreels, movies, magazines, comic books, headlines treated “Japs” as a
repulsive race whose extermination would benefit mankind....Only well after the
war was over was it re-branded a war to bring the blessings of democracy
to...Japan. We may deny the existence of ethnonationalism, detest it,
condemn it. But this creator and destroyer of empires and nations is a force
infinitely more powerful than globalism, for it engages the heart. Men will die
for it. Religion, race, culture and tribe are the four horsemen of the coming
apocalypse. Chapter 9. ‘The White Party’ “Through its support of mass immigration, its paralysis in
power to prevent 12-20 million illegal aliens from entering and staying, its
failure to address the “anchor-baby” issue, the Republican Party has birthed a
new electorate that will send it the way of the Whigs.” Chapter 10: The Long Retreat “We borrow from Europe to defend Europe. We borrow from the
Gulf states to defend the Gulf states. We borrow from Japan to defend Japan. Is
it not a symptom of senility to be borrowing from the world so we can defend
the world?” “Are vital U.S. interests more imperiled by what happens in
Iraq where were have 50,000 troops, or Afghanistan where we have 100,000, or
South Korea where we have 28,000 -- or by what is happening on our border with
Mexico?...What does it profit America if we save Anbar and lose Arizona?” Chapter 11: The Last Chance “We are trying to create a nation that has never before
existed, of all the races, tribes, cultures and creeds of Earth, where all are
equal. In this utopian drive for the perfect society of our dreams we are killing
the real country we inherited..’
SHRINK:
Obama suffers from 'father hunger'... The abandonment by his father when he was an infant
and by his stepfather at age 10 has left President Obama with a "father
hunger" that influences everything from why he distances himself from
pushy supporters, to his strong desire to compromise and bring people together,
to his aggressive campaign to kill Osama bin Laden, says a psychoanalytic book
out next week. In Obama on the Couch, George Washington University professor Justin Frank also reveals that
Obama has spent much of his life seeking out father figures, but most, like
Rev. Jeremiah Wright and Vice President Biden, have disappointed him.
"Obama searched for a father, for someone to relate to who could help
him—a strong man who knew what to do," Frank writes.
[Check out
photos of Obama behind the scenes.]
This is
Frank's second psychoanalytical book about a president. While a sympathetic
look at Obama, it follows Bush on the Couch, a sharply critical analysis that suggested then
President George W. Bush was disturbed. In that book, he predicted that someone
like Obama—"completely different," "someone not ...
white"—would succeed Bush. What the nation ended up with, however, is
"an almost tragic figure," Frank writes.
The general
theme is that Obama has been affected both by being biracial and by the
abandonment of his two dads during his childhood. The result is that he is
overly protective of his own nuclear family, desires greatly to see national
unity, and yet harbors anger that he took out on bin Laden. [Vote
now: Will Obama be a one-term president ?]
Take for
example Obama's earlier willingness to compromise with Republicans, upsetting
his liberal base. Here Frank cites the negative influence of his parents,
especially his mom, who often pressed him to do better in school. "He
hates being pushed by supporters who want him to make good on his promises of
universal healthcare and care for the poor, something that represents his mother
and how she pushed him to study harder," Frank writes. And when he ignores
his base, he is emulating his father, expressing annoyance but not worried they
will desert him.
As
for bin Laden, Frank writes that Obama's inner anger emerged: "He was able
to pursue his action against bin Laden in part because bin Laden offered a
displacement figure for Obama's rage toward his own parents." [ I believe this is factually incorrect and was mere
political desperation by wobama et als; see infra, “Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) Veterans
Today See
a slide show of 10 issues driving Obama's re-election campaign .] Frank also
calls Obama scared of the type of radical change he advocated in 2008. "He
wants to be the father who makes change safe, the person he has waited for his
entire life."
Browse: photos of 2012 GOP hopefuls on the
campaign trail …’
BUCHANAN: Is
the New World Order unraveling? October 13,
2011 ‘With Greece on the precipice of default and Portugal and Italy
approaching the ledge, the European monetary union appears in peril.
Should it
collapse, the European Union itself could be in danger, for economic nationalism
is rising in Europe. Which raises a larger question.
Is the New
World Order, the great 20th century project of Western transnational elites,
unraveling?
The NWO dates
back as far as Woodrow Wilson's League of Nations, which a Republican Senate
refused to enter. FDR, seeking to succeed where his mentor had failed, oversaw
the creation of a United Nations, an International Monetary Fund and a World
Bank.
In 1951 came
the European Coal and Steel Community, love child of Jean Monnet, which evolved
into the European Economic Community, the European Community and the European
Union. A European Central Bank and a new currency, the euro, followed.
The hidden
ultimate goal of economic union was political union – a United States of Europe
as model and core of the 21st-century world government.
Pat Buchanan's latest book --
the title says it all: "Suicide of a Superpower: Will America Survive to
2025?"
With the
disintegration of the Soviet Union, the EU expanded to the east. And the New
World Order, formally proclaimed by George H.W. Bush in 1991, was out in the
open and seemingly the wave of the future.
Progress was
swift.
A North American
Free Trade Agreement, bringing the United States, Mexico and Canada into a
common market that George W. Bush predicted would encompass the hemisphere from
Patagonia to Prudhoe Bay, was signed in 1993.
A World Trade
Organization was born in 1994. U.S. sovereignty was surrendered to a global
body where America had the same single vote as Azerbaijan.
The Kyoto
Protocol, brought home by Vice President Al Gore, set up a regime to control
the worldwide emission of greenhouse gases.
An
International Criminal Court, a permanent Nuremberg Tribunal to prosecute war
crimes and crimes against humanity, was created.
A doctrine of
limited sovereignty had been asserted. Elites claimed a higher law than
national sovereignty; "a responsibility to protect" enabled them to
intervene in countries where human rights violations were egregious.
Serbia, bombed
by Bill Clinton for 78 days for fighting to hold its ancient province of
Kosovo, was the first victim.
Suddenly,
however, the progression has stalled. Indeed, the New World Order seems to be
unraveling.
Emerging
powers like China, India and Brazil are demanding they be exempt from
restrictions developed countries seek to impose. The follow-up summits to Kyoto
– Copenhagen in 2009, Cancun in 2010 – ended in failure. The Doha round of
world trade negotiations ended in failure.
China refuses
to let her currency float lest she lose the trade surpluses that have enabled
her to amass $3 trillion in cash reserves.
Protectionism
is rising. Americans chafe at a new world economic order that has led to
deindustrialization of their country. Congress is talking of defunding the U.N.
as anti-Western and anti-Israel.
Why is the New
World Order suddenly going in reverse?
A primary
reason is the resurgence of nationalism. Nations are putting national interests
ahead of any perceived global interests.
A second
reason is the decline of a West whose project this was. We no longer dictate to
the world, and the world no longer marches to our tune. The deficits and
indebtedness of Western nations preclude more of the big wealth transfers in
foreign aid that once bought us influence.
A third reason
is demography. Not one European nation has a birth rate sufficient to replace
its population. Europe's nations are aging, shrinking, dying. A depopulating
Germany cannot carry forever the deficit-debtor nations of Club Med. The oldest
nation, Japan, is on schedule to lose 25 million people by 2050, as is neighbor
Russia.
Militarily,
America remains the most powerful nation. But Iraq and Afghanistan have bled
the country and left us without the certain attainment of our goals. Old allies
like Turkey go their separate ways.
Ethno-nationalism
also explains a disintegrating world order. Aspiring nations like Scotland,
Catalonia, Padania, Flanders, Ingushetia, Dagestan, East Turkestan, Kurdistan
and Baluchistan seek a place in the sun, free of the cloying embrace of the
mother country.
The desire of
peoples for nations all their own, where their own language, faith and culture
predominate and their own kind rule to the exclusion of all others, is
everywhere winning out over multiculturalism and transnationalism.
Through
history there have been attempts to unite the world.
The Roman
Empire. Catholicism. Islam. The West that ruled much of mankind from Columbus
to the mid-20th century. Communism, which conquered half of Europe and Asia but
arose and fell in a single century.
With the death
of communism and the decline of the West – in relative population and power –
Islam has become the largest religion, China the world's emerging superpower
and Asia the continent of the future.
Could this
still be the Second American Century? [
Absolutely, unequivocally NOT! ]
Not
the way we are going.’
Is the New World Order unraveling? http://www.wnd.com/index.php?fa=PAGE.view&pageId=355405#ixzz1aiOydNLu
Putin: US feeding off global dollar monopoly
U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come
on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a
plot so they can blame same on Iran. The point is, when it comes to nations
that both war-mongering israel/u.s. would love to make, not love, but war on,
they’d literally say anything; even to the point of paying anyone to say
anything … yellow cake anyone? ]
Wall Street Puppet Obama Sympathizes With Anti-Wall
Street Protests unite behind his jobs bill or get ready to be run " out of town " … shows
his disconnect with reality and proclivity for rhetoric / b***s*** since it’s
he who should and will be ‘run out town on a rail’. He’s so pathetic! What a
total loser! Who’s foolish enough to even listen to this total b***s*** artist
wobama? ]
OWS Needs to Target Real Enemies Or Face Irrelevancy` Kurt Nimmo
Rick Perry's Pledge To
Stand With Israel "as a Christian"... [ Yes, indeed! This is as damaging to
Christianity as it is helpful to Islamic fundamentalists, ‘extremists’,
realists; in large part owing to the fact that such a position can’t be
justified rationally, biblically, spiritually, morally, or realistically! ]
Rick Perry's pledge to stand with Israel "as a Christian" is a gift
to Islamic...
Analysis: what was so objectionable about Ahmadinejad’s
speech?
California City Closes Down Bible Study in Private Home Kurt Nimmo Pacific Justice Institute .The city’s action is a brazen
violation of the First Amendment, which guarantees free worship without
government intervention.PJI and the Fromms plan to appeal a decision made by
the city to uphold the fine and restriction to the California Superior Court in
Orange County, according to KCOY 12 News , a Fox affiliate.Ironically, the city of San
Juan Capistrano was founded as a mission in the late 1700s by Catholic priest
Junipero Serra. A local chapel established by Serra is the oldest standing
building in California.’
WIRELESS:
Obama invested in Falcone-funded Co.... In ’05 Investing, Obama Took Same Path
as Donors By MIKE McINTIRE and CHRISTOPHER
DREW United
States Senate Barack
Obama
One of the companies was a biotech
concern that was starting to develop a drug to treat avian flu. In March 2005,
two weeks after buying about $5,000 of its shares, Mr. Obama took the lead in a
legislative push for more federal spending to battle the disease.
The most recent financial disclosure
form for Mr. Obama, an Illinois Democrat, also shows that he bought more than
$50,000 in stock in a satellite communications business whose principal backers
include four friends and donors who had raised more than $150,000 for his political
committees.
A spokesman for Mr. Obama, who is
seeking his party’s presidential nomination in 2008, said yesterday that the
senator did not know that he had invested in either company until fall 2005,
when he learned of it and decided to sell the stocks. He sold them at a net
loss of $13,000.
The spokesman, Bill Burton, said Mr.
Obama’s broker bought the stocks without consulting the senator, under the
terms of a blind trust that was being set up for the senator at that time but
was not finalized until several months after the investments were made.
“He went about this process to avoid an
actual or apparent conflict of interest, and he had no knowledge of the stocks
he owned,” Mr. Burton said. “And when he realized that he didn’t have the level
of blindness that he expected, he moved to terminate the trust.”
Mr. Obama has made ethics a signature
issue, and his quest for the presidency has benefited from the perception that
he is unlike politicians who blend public and private interests. There is no
evidence that any of his actions ended up benefiting either company during the
roughly eight months that he owned the stocks.
Even so, the stock purchases raise
questions about how he could unwittingly come to invest in two relatively
obscure companies, whose backers happen to include generous contributors to his
political committees. Among those donors was Jared Abbruzzese, a New York
businessman now at the center of an F.B.I. Swift Boat Veterans for Truth John Kerry
Mr. Obama, who declined to be
interviewed about the stock deals, has already had to contend with a
controversy that arose out of his reliance on a major campaign contributor in
Chicago to help him in a personal financial transaction. In that earlier case,
he acknowledged last year that it had been a mistake to involve the
contributor, a developer who has since been indicted in an unrelated political
scandal, in deals related to the Obamas’ purchase of a home.
Senate ethics rules do not prohibit
lawmakers from owning stocks — even in companies that do business with the
federal government or could benefit from legislation they advance — and indeed
other members of Congress have investments in government contractors. The rules
say only that lawmakers should not take legislative actions whose primary
purpose is to benefit themselves.
Mr. Obama’s sale of his shares in the two
companies ended what appears to have been a brief foray into highly speculative
investing that stood out amid an otherwise conservative portfolio of mutual
funds and cash accounts, a review of his Senate disclosure statements shows. He
earned $2,000 on the biotech company, AVI BioPharma, and lost $15,000 on the
satellite communications concern, Skyterra, according to Mr. Burton of the
Obama campaign.
Mr. Burton said the trust was different
from qualified blind trusts that other senators commonly used, because it was
intended to allow him greater flexibility to address any accusations of
conflicts that might arise from its assets. He said Mr. Obama had decided to
sell the stocks after receiving a communication that made him concerned about
how the trust was set up.
The investments came at a time when Mr.
Obama was enjoying sudden financial success, following his victory at the polls
in November 2004. He had signed a $1.9 million book deal, and his ethics
disclosure reports show that he received $1.2 million of book money in 2005.
His wife, Michelle, a hospital vice
president in Chicago, received a promotion that March, nearly tripling her
salary to $317,000, and they bought a $1.6 million house in June. The house sat
on a large property that was subdivided to make it more affordable, and one of
Mr. Obama’s political donors bought the adjacent lot.
The disclosure forms show that the
Obamas also placed several hundred thousand dollars in a new private-client
account at JPMorgan Chase, a bond fund and a checking account at a Chicago
bank.
But he put $50,000 to $100,000 into an
account at UBS, which his aides say was recommended to him by a wealthy friend,
George W. Haywood, who was also a major investor in both Skyterra and AVI
BioPharma, public securities filings show.
Mr. Haywood and his wife, Cheryl, have
contributed close to $50,000 to Mr. Obama’s campaigns and to his political
action committee, the Hopefund. Mr. Haywood declined to comment.
Within two weeks of his purchase of the
biotech stock that Feb. 22, Mr. Obama initiated what he has called “one of my
top priorities since arriving in the Senate,” a push to increase federal
financing to fight avian flu.
Several dozen people had already died
from the disease in Southeast Asia, and experts were warning that a worldwide
pandemic could kill tens of millions of people. Mr. Obama was one of the first
political leaders to call for more money to head off the danger, which he
described as an urgent public health threat.
His first step came on March 4, 2005,
when the Senate Foreign Relations Committee approved his request for $25
million to help contain the disease in Asia; the full Senate later approved
that measure. And in April 2005, he introduced a bill calling for more research
on avian flu drugs and urging the government to increase its stockpiles of
antiviral medicines.
Mr. Obama repeated this call in a
letter that Aug. 9 to Michael O. Levitt, the health and human services
secretary. And in September 2005, Mr. Obama and Senator Tom Harkin
Meanwhile, the drug company in which he
invested, AVI BioPharma, had been working to develop its own medicine to treat
avian flu victims. In a conference call with Wall Street analysts on March 8,
2005, the company’s chairman, Denis R. Burger, said the firm was “aggressively
going forward” with its avian flu research and hoped to work with federal
agencies on it.
The company, which is also developing
medicines in a number of other areas, provided several updates on its avian flu
research in 2005, including one on Oct. 21 saying the company was likely to
develop a treatment for avian flu “in a relatively short time.”
Mr. Obama sold what appears to have
been about 2,000 shares of the company’s stock a week later, when it traded at
about $3.50 a share, or about $1 a share more than when he bought it. Company
officials said they never talked to the senator about his work on avian flu.
And while the company has received millions of dollars in federal money to
develop drugs for treating ebola and other serious diseases, it still has not received
any federal money for its avian flu research.
The company’s stock briefly surged to
nearly $9 a share in January 2006 when it announced promising research findings
on the flu drug. But the company still has not applied for federal approvals to
test and market the drug.
Unlike his investment in AVI, which
yielded a small profit, Mr. Obama’s stake in Skyterra Communications went in
the opposite direction, despite a promising start.
He bought his Skyterra shares the same
day the Federal Communications Commission
Tejas and people associated with it
were major donors to Mr. Obama’s political committees, having raised more than
$150,000 since 2004. The company’s chairman, John J. Gorman, has held fund-raisers
for the senator in Austin, Tex., and arranged for him to use a private plane
for several political events in 2005. Mr. Gorman declined to comment.
In May 2005, Mr. Abbruzzese, who was
vice chairman of Tejas and a principal investor in Skyterra, contributed
$10,000 along with his wife to Mr. Obama’s political action committee — a
departure from his almost exclusive support of Republicans Republican National Committee
Last year, Mr. Abbruzzese, a major
investor in several high-tech companies in New York and elsewhere, emerged as a
central figure in the federal investigation of the New York State Senate
majority leader, Joseph
L. Bruno
Skyterra’s share price was lifted into
the $40 range for a time on the strength of the F.C.C. ruling, but eventually
drifted down into the low 30s, and was at $31 when Mr. Obama sold his shares
for a $15,000 loss on Nov. 1, 2005. A few months later, it plunged into the $20
range, and today trades below $10 a share. A spokesman for Skyterra said the
company’s top officials had not been aware of Mr. Obama’s investment.’
Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes
Controversial Claims About Former Alaska Governor ‘Joe
McGinniss's new book, The Rogue: Searching for the Real Sarah Palin ,
hits bookstores next week, but its controversial claims about the former Alaska governor are
already making waves.
In the book,
McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball
player Glen Rice nine months before she married her husband Todd. He quotes a
friend who said Palin "had a fetish for black guys for a while."
"She was
a gorgeous woman. Super nice. I was blown away by her," Rice tells
McGinniss in the book, NBC reports. "Afterward, she was a big crush that I
had."
McGinniss's
book also alleges that Palin had an extramarital affair with her husband's
business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a
55-gallon oil drum while snowboarding.
"An utter
fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.
"At best,
she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At
worst, she's a vindictive hypocrite."
McGinniss
famously moved into a house next door to Palin's Wasilla, Alaska home
to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their
privacy.
In response to
McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the
last year interviewing marginal figures with an axe to grind in order to churn
out a hit piece to satisfy his own creepy obsession with my wife."
"I'd ask
the fathers and husbands of America to consider our privacy when one summer day
I found this guy on the deck of the rental property, just 18 feet away next
door to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss says
that anything he learned about Palin by living next door did not make it into
the book, but he does become a character in the story himself.
The New
York Times writes in its review :
Soon
Mr. McGinniss is settling in to enjoy the fuss his mere presence has created.
"Normally, for a news story to continue beyond the first 24-hour news
cycle, something newsworthy must occur," he writes loftily, but "The
Rogue" is filled with proof to the contrary. What was his hate mail like?
He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage
at this venom and chose to help him? One man offered him a hideout, despite Mr.
McGinniss's slight skepticism about his motives. "But you don’t know
me," Mr. McGinniss protested.
McGinniss's book is scheduled to hit bookstores on
Tuesday, Sept. 20.’
The
Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography
of Sarah Palin has a cover design more fitting for a detective novel. It has a
bold...
Joe
McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the
fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe
McGinniss, is packing his...
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions www.theonion.com
Ralph
Nader: U.S. is a two party dictatorship Raw Story
Astronauts'
tracks, trash seen in new moon photos As
NASA transitions, U.S. space politics in a state of flux (Washington
Post) [ U.S. u.s. Sterner:
5 myths about NASA (Washington Russia NASA wants
mission to bring Martian rocks to Earth (AP) Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if
he already has the footage in the can since you won’t be able to use the moon
footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com -
Tariq
Malik CAPE CANAVERAL, Fla. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t
forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s
not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma
already has ‘Mission to Mars’ in the can, but beware say the producers of
‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with
astronaut Paddy Ross who has returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com -
Bill Ingalls - The first man to pretend to
walk on the moon blasted President Barack Obama's decision to cancel NASA's
back-to-the-moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the
dutch national museum - a supposed moon rock from the first manned lunar
landing - is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock
given to an overseas politician by the united states is actually a lump of
petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch
museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national
museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by
american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
]
AMERICA
FALLS TO 5TH PLACE... GENEVA — ‘The U.S. has tumbled further down a global ranking of the world's most
competitive economies, landing at fifth place because of its huge deficits and
declining public faith in government, a global economic group said Wednesday.
The
announcement by the World Economic Forum was the latest bad news for the Obama
administration, which has been struggling to boost the sinking U.S. economy and
lower an unemployment rate of more than 9 percent. Switzerland held onto the
top spot for the third consecutive year in the annual ranking by the
Geneva-based forum, which is best known for its exclusive meeting of luminaries
in Davos, Switzerland, each January. Singapore moved up to second place,
bumping Sweden down to third. Finland moved up to fourth place, from seventh
last year. The U.S. was in fourth place last year, after falling from No. 1 in
2008.
The rankings, which the forum has issued for more
than three decades, are based on economic data and a survey of 15,000 business
The forum praised the U.S. for its productivity,
highly sophisticated and innovative companies
The results of a survey of 142 nations comes a day
before Obama is preparing to tackle jobs issues in a speech to the U.S.
Congress, and just as U.S. polls show a clear majority of those surveyed say
they disapprove of the way Obama is handling the economy.
Switzerland held onto its top ranking, the forum
said, because of "continuing strong performance across the board"
with innovation
Germany, Europe's economic powerhouse, was sixth,
followed by the Netherlands and Denmark. Japan came in ninth, and Britain was
10th. France was 18th, and Greece, saddled with debt, fell to 90th.
The report looked at broader trends: While the U.S.
slipped, emerging markets gained traction. China took 26th place, highest among
major emerging economies; Brazil was 53rd; India was 56th; and Russia was 66th.
"Fiscal imbalances that have been building up
around the world are really a danger to future competitiveness, in terms of the
ability of countries to invest
Gunman wounds several at Nevada
restaurant 4 dead, including shooter, in Nev. IHOP attack CBS News Sheriff: Gunman used AK-47 in IHOP
shooting The Associated Press Shooting at IHOP Restaurant in Nevada Kills Two National Guard
Members, At ... Fox News [ I heard
this breaking story as it came across the radio – the soundbite was from
someone being interviewed (I didn’t catch the name or position), who said such
as this incident happens in third world countries, not here. Au contraire! Take
a good look … from Philly, to Chicago, to Detroit, to Newark, to New York, to
Miami, to Los Angeles, etc., to crime rates worldwide (u.s. is no. 1 by far),
to pervasive corruption, to pervasive fraud (gov’t sanctioned), to meaningful
lawlessness and arbitrary enforcement, to gunboat diplomacy and perma wars, to
over-printed ever-more worthless currency, to insurmountable debt (promises to
pay, unfounded liabilities) etc., … defacto bankrupt america is a third-world
country, and the biggest by far with much further to fall …] Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog
MSNBC Yet Again Implies Criticism of Obama Is Racist Robinson:
King’s dream remains unrealized (Washington Post) [ Yeah! That ‘content of
their character’ thing’s a b***ch to live up to … just don’t measure up! What’s
a white person to do, especially when black atty. General Holder with fellow
black Obama’s tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims '. Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical… ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security...
[
.. (the following incident is my personal experience: black perps, white
victims)‘.. while walking through Military Park (a sliver of a “park” - more a
pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the
bank during lunch hour, I heard the clearly audible screams/cries of what
turned out to be an old lady on the ground with blood streaming from her mouth.
I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded
she had been hit in the mouth and knocked to the ground, her purse stolen/put inside
her shopping bag, and she pointed out the criminal casually now walking across
the main street. Nobody stopped to help her, many having passed her by. I
slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the
Grand Jury Proceeding I made sure his threat on my life was set forth in prima
facie fashion so as to maximize the DA’s position with both felonies ( he went
to prison – pled out ). The other case I wrote about here ( This was included
on my website in the Psychology forum discussion of ‘bystander effect’ /
diffusion of responsibility. ) - Having had occasion to have run down a mugger
in newark, n.j. who apparently had followed a girl from the bank on her way to
the bursar to pay tuition, though in pretty good shape, I was astounded by how
totally exhausting such a pursuit was, how much like rubber my arms were when I
traded punches with the perpetrator, and truth be told, if I had a flashlight
on my belt, I have little doubt that I would have probably used it to subdue
the perp (a police officer here in California was the object of intense
criticism for having used a flashlight to subdue a criminal after a long chase
so I included that here) . The girl was not that seriously injured, did get her
pocketbook and tuition back, and the criminal went to jail (where they belong).
The other thing about such a pursuit that amazed me was that no one else
assisted the girl or me despite being in a position to do so. I was also mugged
by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be
fair and balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Dick
Cheney’s self-serving memoir REVIEW
| “In My Time” serves mainly to reaffirm the former vice president’s lack of
regrets. (Washington Post) [ Yes. Lack of regrets. That is exactly what you’d
expect from an unconflicted psychopath as war criminal cheney most certainly
is. The unassuming cheney, barely noticeable in his prior manifestations in one
form / position or another, in trying so desperately to imprint himself on the
administration of fellow war criminal and moron bush, has been nothing short of
disastrous for the world and this country particularly. Clearly, the meds
cheney’s had to consistently take have shaken up / messed up his body / brain
chemistry to the point where cheney’s nothing less than psychotic in the most
negative sense. Indeed, his ‘change’
from somewhat balanced to psychopathic was not lost on former supporter
/ endorser Gerald Ford who commented publicly, albeit euphemistically, on how
mean cheney had become. Such is the way / demeanor of a psychopath upon that
defining break from sanity. For those soldiers who were called upon to carry
out his sociopathic obsessions, his message to them in explaining his 5
deferments when his nation called on him was that he had better, more important
things to do (school deferments). Psychopath that cheney is, and nothing more,
who has cost this world and nation immeasurably, cheney is indeed the
proverbial ‘dead man walking’. Dick Cheney: One Year As a Walking Zombie 10
Indications The United States Is A Dictatorship http://www.activistpost.com/2011/05/10-indications-united-states-is.html 8. Torture:
School of
the Americas hit
mainstream media torture
doesn’t work Russian secret
police Dick Cheney
Is Apple Evil?
NASA REPORT: Aliens may
destroy humanity to protect other civilizations … [ Naah! Really don’t have to
.. confined to this solar system, by hand of God or man, we’re only talking
decades at most ] ... ]
Play It
Again Sam: Dave's Daily [ As
always, Dave is spot-on as an astute, knowledgeable, seasoned veteran of the
markets. ] ‘ In our little
village in New Hampshire (call it Whoville) there's a summer stock playhouse a
block or so from us. They have many good plays but no matter the production or
quality, they can't top Wall Street from delivering great performances.
Thursday was another great show starring Jobless Claims, Warren Buffet, HAL
9000s, Steve Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on
precious metals options expiration.
The spin on Jobless
Claims data was prior claims were adjusted higher making recent higher claims
look not so bad especially when you add Verizon workers.
Warren Buffett
entered from stage left with a $5 billion investment
The HAL 9000s
have been doing business as HFTs (High Frequency Traders) launching many buy or
sell programs using complex algorithms which can drive prices on indexes higher
or lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job. One of these actions was featured courtesy of our
friends at Zero
Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction.
http://www.thestreet.com/tsc/daves/082511/image002.jpg
Steve Jobs
sadly is retiring from his leading role as Apple (AAPL) CEO but the stock
Last, but not
least certainly, was the performance of Da Boyz production of gold price
manipulation. The first bear raid occurred Tuesday as The Shanghai Gold
Exchange raised margins putting pressure on prices Wednesday in the U.S. Not so
secretly evidently, Da Boyz met in Chicago and determined to raise gold margins
after the close of trading
http://www.thestreet.com/tsc/daves/082511/image003.jpg
Meanwhile,
back at Wall & Broad stocks fell sharply because evidently there's some
concern Ben will do nothing in launching another round of QE from Jackson Hole.
Bond prices were higher as was the dollar while commodity prices overall were
mixed.
Volume was
higher once again on selling and breadth per the WSJ was quite negative putting
more life back into the roller coaster ride…’
Bogart's
supposed line from Casablanca . This is well-known as one of the
most widely misquoted lines from films. The actual line in the film is 'Play
it, Sam'. Something approaching 'Play it again, Sam' is first said in the film
by Ilsa Lund (Ingrid Bergman) in an exchange with the piano player 'Sam'
(Dooley Wilson): Ilsa:
Play it once, Sam. For old times' sake.
The line is usually associated with Humphrey Bogart
and later in the film his character Rick Blaine has a similar exchange,
although his line is simply 'Play it':
Rick:
You know what I want to hear.
Facebook
"Places" List Signals Decline of Western Civilization at Minyanville Justin
Rohrlich ‘Okay, it's official: the United States is pathetic … From Mashable
comes the first set of Facebook-supplied data
1.
Starbucks
bringing
his sheep to work because lawnmowers are breaking the budget, will. Just
askin'. ‘
Buchanan:
The view from Martha's Vineyard... Patrick J. Buchanan ‘As he and his daughters bicycle
around the summer playground of the Northeastern elite, Martha's Vineyard,
President Obama is steadily bleeding away both the support of the nation and
that of his most loyal constituency. Several times, his approval rating in
Gallup's daily tracking poll has sunk to 39 percent, with disapproval reaching
54 percent. Support for his handling of the economy Unemployment
Middle
America, some time ago, decided the "hopey, changey thing" was not
working out for them. Now the patience of African-Americans with a president
for whom they voted 24 to one is wearing thin.
At a Black
Caucus confab in Detroit, Rep. Maxine Waters told an angry audience that if and
when Black America demands that they confront Obama, the caucus is ready
"to have the conversation."
A collision
between Obama and his base seems inevitable. For Black America's situation,
though tough today, seems certain to get tougher. Why?
First, black
Americans held a significant share of the subprime mortgages that went sour
when housing prices went south, and are thus overrepresented among those who
lost homes.
Second, black
Americans, with a higher rate of poverty, depend more on the entitlement and
social programs that Obama cannot avoid hoisting onto the chopping block in any
"balanced" plan for dealing with the deficit-debt crisis.
Third,
African-Americans are overrepresented among the 22 million who work for local,
state and federal governments. And while government workers came out best in
terms of job security and salary
Consider the
U.S. Postal Service, with 600,000 employees, running a deficit of $8.5 billion
and facing layoffs of 120,000. According to William Burrus, ex-president of the
Postal Workers Union, 21 percent of all postal employees are black. When the
cuts come, minorities will take a big hit.
That
African-Americans favor a powerful federal government is understandable. After
all, it was the federal government that crushed the Confederacy, freed the
slaves, sent troops to integrate the South, enacted the civil rights laws,
imposed affirmative action on companies and colleges, and created the Great
Society that provided trillions in wealth transfers and welfare benefits
That
African-Americans would see states' rights conservatives and small-government
Republicans as hostile to the one powerful institution most friendly to them
should come as a no surprise.
Here we come
to Barack's dilemma.
The nation he
leads is facing a deficit-debt crisis that comes of an inescapable truth:
Whether we are talking about commitments to go to war to defend scores of
nations or commitments to entitlement and Great Society programs such as Social
Security, Medicare, Medicaid
We can no
longer deliver what we have promised.
We are running
deficits of 10 percent of gross domestic product with a national debt over 100
percent. We are on the path that Italy is following, which is the path that
Greece pursued.
We are an
overextended empire and commonwealth facing strategic and fiscal bankruptcy. If
Obama is to lead the nation out of the crisis it confronts, he has to preside
over a downsizing of the welfare-warfare state – the same state that sustains
his base.
Not to worry,
we are told. When the lazy days of summer are over, Obama will present Congress
with his big plan for resurrecting the economy and ensuring the long-term
solvency of the nation.
Obama's
September program – indeed, any credible plan to revive the economy and bring
our books
Yet,
domestically, this cannot be done without reducing future Social Security, Medicare and Medicaid income taxes
And such
reforms must adversely impact most Obama's political and personal base.
If he proposes
new taxes, tea
If he proposes
downsizing the government and cutting and capping social programs, his most
loyal constituents rise up against him.
Enjoy
the Vineyard, Mr. President. Read more: The view from Martha's Vineyard http://www.wnd.com/index.php?fa=PAGE.view&pageId=335265#ixzz1VQWOeKDx
Putin
sets sights on Eurasian economic union FT
Cracked Fukushima: Radioactive steam escapes danger zone
Perry Apes Ron Paul in Attack on Fed Cartel Kurt Nimmo Details
of Obama’s jobs plan emerge President is thinking about proposing tax cuts
for companies that hire workers, new spending for roads and construction, and
other measures that target the long-term unemployed, administration officials
say. (Washington Post) [ Oh come on! Too
little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) …
he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there
on the campaign trail; and just as much an embarrassment for those who turn out
to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total
joke! To be finally talking jobs and things just before the election having
broken previous campaign promises in his failed role as ‘bush failure 3’. Even
his pension is undeserved so much a fraud is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington Examiner Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup Disapproval of Congress Hits All Time High of 84% Drudgereport: BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' ]New
low of 26% approve of Obama on economy... Inflation
builds... FOOD PRICES
RISING... UNEMPLOYMENT
UP... OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION... 'Takes More
Vacations Than Any Human Being I've Ever Seen'... Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if wobama’s actions
had not belied his words/campaign promises, the nation’s position, though still
ominous, would have been substantially improved. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
SEC
accused of destroying files Former agency official says SEC violated
federal law by destroying records of enforcement cases in which it decided not
to file charges. (Washington Post) [ Duh, ya think? The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may
have destroyed documents and compromised enforcement case ... Grassley: Agency may have got rid of
Goldman, Madoff documents Ronald D. Orol , MarketWatch WASHINGTON
(MarketWatch) — The Securities and Exchange Commission may have destroyed
documents and compromised enforcement cases involving activity at large banks
and hedge funds during the height of the financial crisis in 2008, according to
allegations made by a lawmaker on Wednesday. “From what I’ve seen, it looks as
if the SEC might have sanctioned some level of case-related document
destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the
agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency
responsible for investigations would want to get rid of potential evidence. If
these charges are true, the agency needs to explain why it destroyed documents,
how many documents it destroyed over what timeframe, and to what extent its
actions were consistent with the law.” Agency staff “destroyed over 9,000
files” related to preliminary agency investigations, according to a letter sent
in July to Grassley, the top Republican on the Senate Judiciary Committee, and
obtained by MarketWatch. The allegations were made by SEC enforcement attorney,
Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and
according to the letter, received a bonus for his past year’s work. Flynn
alleges the SEC destroyed files related to matters being examined in important
cases such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well
as an investigation involving Goldman Sachs Group Inc. GS +0.33% WFC +1.34% BAC +0.81% C +0.13% CS +0.38% DB +0.79% MS -0.06% Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
Carlyle
in diversification flurry Carlyle is expected to announce $40 million in
energy investments, capping a two-week flurry of deals. (Washington Post) [ Yeah! You’d expect that
from the likes of them; you know, a ’flurry’ so close to the election; quid pro
quos, bribes and things … Flashback: Carlyle
picks underwriters for IPO
(Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the
‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall
street for? Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed … an especially great opportunity to sell
/ take profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and
Go Away and If You’ve Not Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Previous: Carlyle
Group planning IPO (Washington Post) [
Come on! Mr. Heath makes this sound like an almost public service
endeavor to serve the public interest in some vague, nondescript fashion (What
of real value do they do? … kind of like the fraudulent wall street
high-frequency trading churn-and-earn … Nothing! … Like parasitic termites
eating away at the foundation of the nation); poppy’s estate plan is maximized,
along with the other principal’s financial interests by cashing out through
this ‘public offering / scam’ as for the most part, this era of their ‘jig is
up’ . Meet The Carlyle Group How will President George W. Bush make a personal
fortune from the War on Terror? The old fashioned way. He'll inherit it; Meet
the Carlyle Group .www.hereinreality.com/carlyle.html How will President George W. Bush personally make
million$, if not billion$ from the War on Terror? The easy way. He'll inherit it. Meet the Carlyle Group Former World Leaders and Washington Insiders Making
Billions in the War on Terrorism Bush Baker
Carlucci Darman Major
Ramos http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html Investment giant says it will likely sell
shares. Defense Secretary Robert M. Gates tours eastern Afghanistan, days
before the Obama administration is scheduled to complete a major review of its
war strategy. ]
Make
way for the ‘super bundlers’ The
2010 elections saw the rise of “Super PACs.” In 2012 it will be a new breed of
fundraisers. (Washington Post) [ ‘Super bundlers’? If Mr. Eggen had said
‘facilitators for the super bunglers’, I would have recognized what he meant.
But, ‘super bundlers’ immediately brings to mind another kind of fraud / scam,
viz., those ‘bundled’ toxic asset worthless paper securities things so
lucratively popularized by the frauds on wall street with the blessing of their
‘amen corner’ in Washington to the detriment of this and other nations and
particularly this nation’s taxpayers / middleclass who’ve been decimated. If he
had called them what they more realistically are, viz., visible slush funds for
those visible invisible quid pro quo / bribe schemes, welfare of the nation be
damned, I indeed would have known what I think he meant. Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words! It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims' – Time to get whitey, at last, at
last, etc., say holder / wobama who go on to say ‘and they ain’t talking about
Whitey Bulger, the mobster, either!’ Postal
Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS
also proposes withdrawing employees from existing health and retirement plans
and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire
operation. After all, UPS is well managed and efficient; and also, very
reliable. On the other hand, the USPS is poorly managed, inefficient, and very
unreliable: October 15, 2010 (*see infra
{ultimately delivered by UPS})The following is my
comment to an LA Times article regarding a Justice Department cover-up! As for
your inquiry, all I think about day and night is a long overdue resolution to
the RICO litigation as set forth therein:
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the
statement in said correspondence, there is a plethora of information including
evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1 Page
2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which
time Samuel Alito was U.S. Attorney, and went over said documents and
their probative value with him. Within approximately a month thereafter
upon inquiry I was told that Jonathon Lacey was no longer with the office,
that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of
then U.S. Attorney Alito, addressed to him, with assurance they would go
directly to him. In addition to
being inept [ I looked in on the one mob case he had brought, bungled,
lost (accidently on purpose?) since I was suing some mob-connected under
RICO and the court (I had known / previously met outside of court the
judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather
than prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
In
euro crisis, signs of German fatigue
Politics keep the chancellor from putting full weight of Europe’s
largest economy behind a solution (Washington Post) [ Yeah … ‘square pegs in
round holes’ is definitely not Germany’s style. European
economies brace as Germany slows Discouraging news about the pace of growth
came just hours before German and French leaders called for new steps to impose
discipline on governments whose lax budget practices prompted the debt crisis.
(Washington Post) [ First, let’s call this economic scenario what it is; viz.,
the ‘d’ word … ‘depression’. For those who find that term unutterable, then
‘double-dip recession’ is the term for you. All the dollar debasement
(over-printing, etc.) for the benefit of the frauds on wall street et als to
the substantial detriment of everyone else can’t change and has exacerbated and
obfuscated this fact. Moreover, there has been a manipulated churn-and-earn
high-frequency trading bubble-bull cycle in what is unmistakably a secular bear
market. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Europe’s
crisis and the psychology of fear (Washington Post) [ Given the reality and
magnitude of Europe’s problems going forward, dwarfed only by the magnitude of
those of pervasively corrupt, defacto bankrupt america, it brings to mind the
words of the former Intel CEO (co-founder) Andy Grove ‘ Only the paranoid
survive’ (of course, having survived the Nazis and escaped Communist-controlled
Hungary in Europe, as a jew, one has to assume his perspective / outlook was
somewhat ‘skewed’ thereby). Yet, let’s not kid ourselves to the point where
virtual survival is threatened and at stake as is so for the EU. America
isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the
contra-indicated perma war, evermore worthless Weimar currency, and a
predispositon / tacit acceptance of paper securities schemes / scams / frauds
which are integral to america’s ongoing, albeit obfuscated, debacle / crisis
which given the unfunded debt load pegged at $211 Trillion among other
estimates, is insurmountable and will end quite badly. Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam (WP) [
No surprise there (the doubts)! Uncle
Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making!
Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the
pervasively corrupt defacto bankrupt disunited states Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT USA BALANCE SHEET …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/
Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude
To Meltdown , Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Will:
Is Britain a lost ally? (Washington
Post) [ How ‘bout just lost! And, while on the subject of lost, pervasively
corrupt, defacto bankrupt america should tell the so-called (self-interested to
america’s detriment) ‘ally’ israel to get lost!
David Starkey On UK Riots: ‘Whites Have Become Black’ Britain
burns the colour of 'A Clockwork Orange Financial Times [ Truly a great film by any cinematic
standard by Stanley Kubrick based on the book of the same name by Anthony
Burgess, ‘ A Clockwork Orange takes place in a futuristic
city governed by a repressive, totalitarian super-State. In this society,
ordinary citizens have fallen into a passive stupor of complacency, blind to
the insidious growth of a rampant, violent youth culture. The protagonist of
the story is Alex, a fifteen-year-old boy who narrates in a teenage slang
called nadsat , which incorporates elements of Russian and Cockney
English. Alex leads a small gang of teenage criminals—Dim, Pete, and
Georgie—through the streets, robbing and beating men and raping women. Alex and
his friends spend the rest of their time at the Korova Milkbar, an
establishment that serves milk laced with drugs, and a bar called the Duke of
New York… http://www.sparknotes.com/lit/clockworkorange/summary.html http://en.wikipedia.org/wiki/A_Clockwork_Orange_%28film%29 ‘A Clockwork Orange is a 1971 British
darkly satirical science fiction film adaptation of Anthony
Burgess 's 1962 novel of the same name . This cinematic
adaptation was produced, directed, and written by Stanley
Kubrick . It features disturbing, violent images, to facilitate social
commentary about psychiatry, youth gangs, and other contemporary social,
political, and economic subjects in a dystopian ,
future Britain.Alex (Malcolm
McDowell ), the main character is a charismatic, psychopathic delinquent
whose pleasures are classical music (especially Beethoven ), rape, and so-called
'ultra-violence'. He leads a small gang of thugs (Pete, Georgie, and Dim), whom
he calls his droogs (from the Russian друг,
"friend", "buddy"). The film tells the horrific crime spree
of his gang, his capture, and attempted rehabilitation via a controversial
psychological conditioning technique. Alex narrates most of the film in Nadsat , a
fractured, contemporary adolescent slang comprising Slavic
(especially Russian), English, and Cockney rhyming slang .A Clockwork Orange
features a soundtrack comprising mostly classical music selections and Moog
synthesizer compositions by Walter
Carlos . The now-iconic poster of A Clockwork Orange , and its images,
were created by designer Bill Gold . The film also holds the Guinness World Record for being the first
film in media history to use the Dolby Sound system ‘ ]
Meyer:
Why aren’t Americans rioting? (Washington Post) [ It really is quite
surprising inasmuch as they’re getting quite a royal screwin’ from the
so-called ‘powers that be’. There might be a tinge of masochism coupled with a
feeling of punishment-deserved remorse in light of the overridingly inherent
criminal nature of americans generally, propelling them to wrongful acts for
which they should be sorry, based upon my own experience and direct
observation. That said, I’d also say ‘give them time’, the worst is yet to
come. Moreover, we’re already seeing it, and not just in britain, greece,
italy, etc., but here in the pervasively corrupt, defacto bankrupt disunited
states of america; viz., detroit, chicago, philadelphia, etc., with predictions
consistent with the reality of much worse to come. Europe’s
crisis and the psychology of fear (Washington Post) [ Given the reality and
magnitude of Europe’s problems going forward, dwarfed only by the magnitude of
those of pervasively corrupt, defacto bankrupt america, it brings to mind the
words of the former Intel CEO (co-founder) Andy Grove ‘ Only the paranoid
survive’ (of course, having survived the Nazis and escaped Communist-controlled
Hungary in Europe, as a jew, one has to assume his perspective / outlook was
somewhat ‘skewed’ thereby). Yet, let’s not kid ourselves to the point where
virtual survival is threatened and at stake as is so for the EU. America
isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the
contra-indicated perma war, evermore worthless Weimar currency, and a
predispositon / tacit acceptance of paper securities schemes / scams / frauds
which are integral to america’s ongoing, albeit obfuscated, debacle / crisis
which given the unfunded debt load pegged at $211 Trillion among other estimates,
is insurmountable and will end quite badly.
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam (WP) [
No surprise there (the doubts)! Uncle
Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making!
Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the
pervasively corrupt defacto bankrupt disunited states Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT USA BALANCE SHEET …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation!
Will:
Kennedy’s Berlin blunder (Washington
blunder was, as Caesar and the ides of March, not heeding warnings
concerning that Dallas Krauthammer:
Our political system is working well (Washington Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington ’s Blog america I
didn’t see the debates {what does it matter what they say – the egregious
‘wobama the b’ (for b***s***) fatigue factor / experience} nor have I read Mr.
Robinson’s article, ‘GOP
Debate Land ’ but I’m sure I’d agree with his conclusion, ‘I didn’t recognize the America the GOP
candidates described;’ but unfortunately, I do recognize the pervasively
corrupt, defacto bankrupt america of ‘wobama the b’ (for b***s***), failed
president like his predecessor, moron war criminal dumbya bush, that he is. The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (WP) [
Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame
for the nation’s meltdown according to wobama aficionados / intractable wobama
apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to
wobama’s personal character flaws (among many unmentioned) to exculpate the
failed president wobama. Wobama’s failed miserably and yet had the easiest act
in the world to follow in the persona of fellow failed president war criminal
dumbya bush whose failed policies up to the real start of the election cycle
he’s largely followed. After all, Mr. Robinson, how different really are the
parties these days when profligate spending on illegal, unnecessary wars was
continued when democrats controlled congress, and then even the executive
office when continuing failed president and war criminal dumbya bush’s nation
bankrupting, nation destroying war policies, protection for unprecedentedly
huge wall street frauds, bush tax cut extensions for the wealthy, and then some
(spending on top of it). Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved. Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam
(Washington Post) [ No surprise there (the doubts)! Uncle as landlord? Sounds like a typical scam
/ fiasco / debacle in the making! Add limey (brits)-looking (green) frogs
(french) to the mix(ed up) in the pervasively corrupt defacto bankrupt
disunited states Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back
in the news. ’ Dem PIIGS still got
problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close call!
There you go. Nothing to worry about now that wobama’s got a boehner … so not
to be so hard on them; if pelosi says it, it must be true … Not! …Pervasively
corrupt, defacto bankrupt america, they, she look pretty greecey to me. After
all, if the same’s wobama’s ‘far-reaching plan on debt’, we all know ‘wobama
the b’ (for b***s***) is total b***s*** which means like Greecey PIIGS they’ll
be back to the trough for more … slop … py.
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT USA BALANCE SHEET …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/
Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude
To Meltdown , Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words! It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’
MI6
produced bogus Iraq war evidence under pressure from Downing Street Daily Mail | Iraq had long been a backwater for MI6.
NATO
Massacres of Civilians Aimed at “Cleansing” the Libyan People’s Resistance Mahdi Darius
Nazemroaya | Photographic
evidence of NATO war crimes.
NATO
urged to investigate civilian deaths during Libya air strikes Amnesty
International | Amnesty
International wrote to the NATO Secretary General asking for clarification on
incidents in which unarmed civilians were reportedly killed.
U.S. and NATO Arming Syrian Opposition, Plan Military
Strike
Democrats
want a bolder Obama The president’s allies are getting nervous about what
they see as the lack of a coherent strategy. (Washington Post) [ Well, tell it
to the teleprompter. Without a head per se, at least no one could say as with
‘wobama the b’ (for b***s***) that the teleprompter was in over its head.
Bolder b***s*** is still b***s***! ]
Gallup:
Disapproval of Obama Ties All-Time High CNS News
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions www.theonion.com
Taliban
who downed U.S. copter killed U.S. officials say Taliban fighters who shot
down a helicopter with 30 U.S. troops were killed in airstrikes (Washington
Post) [ Oh come on! The Taliban don’t even know who among them downed the u.s.
killer copter! Great propaganda, ‘u.s. gi’s always get their man’. Doesn’t
anyone get tired of their endless b***s*** in their end run to the end? After
all, the nation is defacto bankrupt in large part as a direct consequence of
these ‘military-industrio-inferiority-complex’ follies / welfare warfare
programs. Then there’s the cocomitant typical skullduggery which includes inter
alia :
Same
ritual, a changed president This time, President Obama traveled to Dover
Air Force Base to greet the remains of Americans he had ordered to Afghanistan
himself. Some
victims of crash are identified (Washington Post) [ Changed? I think we could
all agree that despite campaign promises to the contrary, nothing’s changed;
except, pervasively corrupt defacto bankrupt america is more hopelessly
bankrupt and the dismal economic picture has become more dour.
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) Veterans
Today
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
1. Osama bin Laden died in 2001 as an
active CIA employee and his body was recovered in Afghanistan and taken to “the
sand box.” We were told it was frozen. We have so much verification from this,
CIA, ISI, US military and top officials. I have a direct confirmation from Bin
Laden’s CIA handler who I grilled mercilessly on this.
2. The Abbottabad operation involved
numerous American deaths, witnessed, bodies all over, a helicopter crash.
(suppressed translated TV interview below) These bodies were recovered by land
vehicle from Islamabad and there was NO “successful” bin Laden operation of any
kind. There was and has been a CIA safe house in Abbotabad where terror
suspects were stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
We at VT were informed that the bin
Laden operation was staged at this time, a theatrical farce, to cover the exit
of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD
as Secretary of Defense and to stem any heroic claims by new CIA Director
Petraeus of killing the long dead Osama bin Laden, the long frozen CIA operative.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
As for the
timing of this incident? This we will work on. What we can easily surmise is
that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who would
order such a thing? We are going to have to wait but we are going to find out.
However, we expected this, the timing is exactly as predicted. Read full
article
World at War Alex Jones'
Infowars: There's a war on for your mind! Veterans
Today | TRANSCRIPT of critical interview
with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL Team
6′s demise? ...
Deaths of SEAL Team 6 Exposed
SEAL Unit Supposedly Responsible for Osama Hit Killed in
Copter Crash
Questions raised by the SEAL Team 6 deaths in Afghanistan
Tea
Party hypocrisy Fueled by populist anger, but hijacked by plutocrats.
(Washington Post) [ Ah, sweet Mr. Milbank. His love for wobama knows no bounds.
Yet, given the choice between hypocrisy and inveterate lying, assuming
arguendo, Mr. Milbank’s premise to be true (doubtful and I think most would say
no), most would take hypocrisy any day. By now, most have realized that at best
wobama’s a b***s*** artist, and at worst, an incorrigible liar; certainly as
measured by his campaign promises that got him elected, belied by his actions.
If Mr. Milbank had only said the nation’s been hijacked by plutocrats to whom
wobama’s paid homage, I’d certainly agree in part. After all, there has been
and continues a huge wealth transfer at the expense and to the detriment of the
middle class, to the substantial benefit of the ‘plutocrats’ who in america are
of that small percentile criminal class for whom everyone else must (and must
be) sacrifice(d), ie., the wall street frauds, military industrial complex,
government contractors, etc.. And, yet another casualty … if wobama’s
peace-prize is not revoked, then that ignoble nobel thing should be disbanded
for lack of credibility and moral compass.
Deal
fails to soothe foreign critics (Washington
Post) { Let’s not kid outselves! I consider Russia a rational, great nation
(their painful, yet peaceful transition from their mistake is a testament to
their greatness as a people / nation and Gorbachev particularly – China’s
recent success is as far from communism as can be imagined) and have high
regard for Putin though lamenting his youthful, albeit inherited indiscretion
(kind of like that Tiger hunt which he’s now wisely disavowed) in dabbling in
the failed system of communism (the great lie where everybody’s equal except
some are more equal than others, ie., party members, bureaucrats, etc., kind of
like america today with the addition of the plutocratic wealthy thieves,
criminals, frauds, etc.). That said, most of these so-called ‘foreign critics’
fall predominantly into either of two categories; viz., ‘pots calling the
kettle black’, or ‘enablers’. Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington
Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to
blame for the nation’s meltdown according to wobama aficionados / intractable
wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even
points to wobama’s personal character flaws (among many unmentioned) to
exculpate the failed president wobama. Wobama’s failed miserably and yet had
the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. After all, Mr. Robinson, how
different really are the parties these days when profligate spending on
illegal, unnecessary wars was continued when democrats controlled congress, and
then even the executive office when continuing failed president and war
criminal dumbya bush’s nation bankrupting, nation destroying war policies,
protection for unprecedentedly huge wall street frauds, bush tax cut extensions
for the wealthy, and then some (spending on top of it). Drudgereport: HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
White
House turns attention to blacks Focus comes amid a growing concern that
economic conditions might hamper black voter turnout. (Washington Post) [ As if
we couldn’t see that coming. Yet, the ‘make-work, make-shift’ jobs already
extant in the federal, state, local ‘public service’ sectors along with the
otherwise unemployable at, ie., the u.s. postal service, etc., are uneconomic
and overly costly (Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... at best and downright wasteful at worst, the latter
being the most prevalent scenario. Moreover, despite the rhetoric, blacks will
always ‘back the black’. No criteria. No analysis. ‘Back the black’ their
despoiling cry. I think wobama and holder are probably more concerned with
making sure the ‘black panthers’ are in full force at the polls to intimidate
white voters, which racism they’ve given ‘carte blanche’, protection from
prosecution … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims '. With wobama et als, the jive-talking b***s***
never ends! N.Y.
bumped from foreclosure panel Iowa’s attorney general says N.Y. official
“actively worked to undermine” group’s efforts in foreclosure negotiation with
banks. (Washington Post) [ Yeah! No surprise here! Yet new jersey’s
‘representative’ would have been equally disingenuous in corruptly carry out
his / her duties, so ‘doody-full’ are they, from there! Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] Details
of Obama’s jobs plan emerge (Washington Post) [ Oh come on! Too little, too late for ‘wobama
the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that
rapper ‘wobama the b’ (for b***s***).
Really! He’s a total embarrassment out there on the campaign trail; and
just as much an embarrassment for those who turn out to see him … maybe he’s
somewhat of an allure as in a freak show. He’s a total joke! To be finally
talking jobs and things just before the election having broken previous
campaign promises in his failed role as ‘bush failure 3’. Even his pension is
undeserved so much a fraud is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of
the Congressional Black Caucus says they don’t pressure President Obama because
he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup Disapproval of Congress Hits All Time High of 84%
Drudgereport: BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' ]New
low of 26% approve of Obama on economy... Inflation
builds... FOOD PRICES
RISING... UNEMPLOYMENT
UP... OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION... 'Takes More
Vacations Than Any Human Being I've Ever Seen'... Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.
What’s
Apple without Steve Jobs? Jobs has
the knack of knowing what people want before they do. Can Apple stay ahead of
the curve? (Washington Post) [ Without disparaging the company nor the
remaining employees, what can be said of Apple with certainty in response the
foregoing question is: ‘LESS’. That said, there couldn’t have been a more
propitious time for the great (without even a tinge of sarcasm – among the
relatively few great CEO’s in corporate history) Steve Jobs to leave. Steve Jobs
resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) -
Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of
Apple Inc in a stunning move that ended his 14-year reign at the technology
giant he co-founded i... [ Far more than just a ‘Silicon Valley legend’, Steve
Jobs literally saved Apple from extinction … I’m truly glad he saved Apple, my
first computer (1986 - apple IIc for word processing / data based records /
forms / templates / data which I interfaced with an electric typewriter for
letter quality) and for that all should be thankful. Apple is the Nasdaq (40%
weighting) and quite more, that now was! That’s past tense. Steve Jobs goes out
a big winner as indeed he should! Yet, make no mistake, as one might expect,
his timing was impeccable inasmuch as without his uniquely inspired innovation,
competition moving in, and particularly the coming debacle / crisis the worst
of which lies ahead, things are not looking up, in and for pervasively corrupt
/ defacto bankrupt america particularly, euphemistically speaking. ] End Of
Cycle Smelling Like Dow 3K, Gold 3K … ‘Our view [ the correct
view ] is that the bear market began in January 2000. The feds fought it off
with two huge extravaganzas of spending — the first beginning in 2001 the other
after 2008. Stimulus does wonders for stock prices but it no longer works for
the economy that sustains them. For every dollar that the Fed has put to work
to fight the crisis since 2008, for example, it has produced only 80 cents
worth of GDP. It didn’t work……that the recession of ’08-’09 in the US never
actually ended……and that stocks will go down over the next 5-10 years until
they finally hit a real bottom…’
Robinson:
King’s dream remains unrealized (Washington Post) [ Yeah! That ‘content of
their character’ thing’s a b***ch to live up to … just don’t measure up! What’s
a white person to do, especially when black atty. General Holder with fellow
black Obama’s tacit approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims '. Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical… ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security...
[ .. (the following incident is my personal
experience: black perps, white victims)‘.. while walking through Military Park
(a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark,
new jersey on the way to the bank during lunch hour, I heard the clearly
audible screams/cries of what turned out to be an old lady on the ground with
blood streaming from her mouth. I ran toward the sound of the cries, the source
of which I could not see because there were so many people in and about this
thoroughfare so as to block any vision of the source of the cries. When I came
to the woman, on the ground, blood streaming from her mouth, I asked what
happened, to which she responded she had been hit in the mouth and knocked to
the ground, her purse stolen/put inside her shopping bag, and she pointed out
the criminal casually now walking across the main street. Nobody stopped to
help her, many having passed her by. I slammed the thug to the ground so hard that,
in light of all the blood and confusion (limbic system / adrenalin flow) I
thought I had been stabbed (the blood was from his elbows hitting the pavement
so hard - no one helped / a crowd gathered / an undercover cop happened along).
When I testified at the Grand Jury Proceeding I made sure his threat on my life
was set forth in prima facie fashion so as to maximize the DA’s position with
both felonies ( he went to prison – pled out ). The other case I wrote about
here ( This was included on my website in the Psychology forum discussion of
‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to
have run down a mugger in newark, n.j. who apparently had followed a girl from
the bank on her way to the bursar to pay tuition, though in pretty good shape,
I was astounded by how totally exhausting such a pursuit was, how much like
rubber my arms were when I traded punches with the perpetrator, and truth be
told, if I had a flashlight on my belt, I have little doubt that I would have
probably used it to subdue the perp (a police officer here in California was
the object of intense criticism for having used a flashlight to subdue a
criminal after a long chase so I included that here) . The girl was not that
seriously injured, did get her pocketbook and tuition back, and the criminal
went to jail (where they belong). The other thing about such a pursuit that
amazed me was that no one else assisted the girl or me despite being in a
position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident
here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation
involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Banks
are dimming Europe’s outlook Still restructuring after the 2008 crisis,
euro-zone banks face new concern about their stability. (Washington Post) [ And
not just europe’s outlook … How
stable is the banking industry? . (Washington Post) [ Not too! … as if
anyone should need remindin’! After all,
a depression is that ‘lowering tide that grounds all boats’ (the converse of
that word picture I like to use in analysis of securities wherein focus on the
macro environment, the economy, the largest aggregate enhances your
probabilities of success on the theory / cliché ‘a rising tide lifts all
boats’. Clearly, simplistic wisdom that is true.) The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Train
Reading: The Stock Market Is Insane
The Wall Street Journal , Welcome
To The New Bear Market For Stocks
Forbes / Dow/Gold
Ratio Lowest Since 1987 Crash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes
/ The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , Tech
Leading Market Lower The Wall Street
Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news ( Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ), and
b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 bear market ,
Abandon Ship McGill ,
There's
A Recession Coming According To The Data
Report:
DOJ investigating S&P's mortgage securities ratings Associated Press
The Justice Department is investigating whether the agency improperly rated
dozens of mortgage securities in the years leading up to the financial crisis.
(Washington Post) [ There you go … the retaliation … the long awaited payback
(quid pro quo witheld) for long overdue downgrade. They should be investigating
themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes,
activities. 3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet ‘ The global economy and stock markets took a nose dive
in 2008. But that hasn’t stopped some of the biggest masterminds from escaping
a day of luxury…’ The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , SEC
accused of destroying files Former agency official says SEC violated
federal law by destroying records of enforcement cases in which it decided not
to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may
have destroyed documents and compromised enforcement case ... Grassley: Agency may have got rid of
Goldman, Madoff documents Ronald D. Orol , MarketWatch WASHINGTON
(MarketWatch) — The Securities and Exchange Commission may have destroyed
documents and compromised enforcement cases involving activity at large banks
and hedge funds during the height of the financial crisis in 2008, according to
allegations made by a lawmaker on Wednesday. “From what I’ve seen, it looks as
if the SEC might have sanctioned some level of case-related document
destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the
agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency
responsible for investigations would want to get rid of potential evidence. If
these charges are true, the agency needs to explain why it destroyed documents,
how many documents it destroyed over what timeframe, and to what extent its
actions were consistent with the law.” Agency staff “destroyed over 9,000
files” related to preliminary agency investigations, according to a letter sent
in July to Grassley, the top Republican on the Senate Judiciary Committee, and
obtained by MarketWatch. The allegations were made by SEC enforcement attorney,
Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and
according to the letter, received a bonus for his past year’s work. Flynn
alleges the SEC destroyed files related to matters being examined in important
cases such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well
as an investigation involving Goldman Sachs Group Inc. GS +0.33% WFC +1.34% BAC +0.81% C +0.13% CS +0.38% DB +0.79% MS -0.06% Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I
believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter?
– and no, there is no Chinese wall of separation – Andrew Maloney’s the one
that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- http://albertpeia/crossexamofcoanbypeia.pdf
] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam and
a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants
and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
U.S.
stocks end volatile week in the red (Washington Post) [The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Train
Reading: The Stock Market Is Insane
The Wall Street Journal , Welcome
To The New Bear Market For Stocks
Forbes / Dow/Gold
Ratio Lowest Since 1987 Crash , Ignore
Buffett's Advice, Don't Buy Stocks Forbes
/ The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , Tech
Leading Market Lower The Wall Street
Journal , Banks
closed in Fla, Ga, Ill; 2011 total is 68 , No
Recession Coming ... It's Already Here Previous:8-18-11 Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news ( Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says Crimes
Wrecked The Markets ), and
b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the Summer Crash of 2011 bear market ,
Abandon Ship McGill ,
There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in after-hours
trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC. Harry Dent, Jr.
Economy will be in a Depression by 2011 U.S. Dollar will Decline Dow
1000? Robert Prechter Thinks So Prechter
Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave
Much Credibility To Be Desired Bulls
Go to Extremes: Don't Buy the "Breakout", Sell It, Prechter Says Russell:
This Is One Of The Largest Tops In Stock Market History My old friend, Bob Prechter, is talking about Dow 400. I
used to think this was an absurd joke. I no longer think it’s a joke. The
ultimate result will be a primary bear market shocking in duration and extent.
…’ Depression
is Imminent The Dow Jones Industrial Average will go down to at least 1000,
most likely to below 777 which was the starting point of its mania back in
August 1982, and quite likely drop below 400 at one or more times during the
bear market. [ 8
More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has
Lost Its AAA Credit Rating The Economic Collapse ‘…
#8 economics
professor Laurence J. Kotlikoff recently told NPR ….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Why
You Shouldn't Buy Into This Plunge Forbes/
Moody’s
managers pressured analysts, former executive says Credit-rating agency has
been criticized for giving high grades to dubious investments. Now one of its
own is leading the criticism. SEC
purged documents without authorization Report:
DOJ investigating S&P's mortgage securities ratings Associated Press
The Justice Department is investigating whether the agency improperly rated
dozens of mortgage securities in the years leading up to the financial crisis.
(Washington Post) [ There you go … the retaliation … the long awaited payback
(quid pro quo witheld) for long overdue downgrade. They should be investigating
themselves, the SEC ( SEC destroyed documents, senator says ), among numerous other fraudulent, illegal schemes,
activities. 3
Top Crooks Still Roaming Free After the Economic Crash Wall St. Cheat Sheet ‘ The global economy and stock markets took a nose dive
in 2008. But that hasn’t stopped some of the biggest masterminds from escaping
a day of luxury…’ The
"Crimes" That Wrecked The Markets Forbes /
Lenzner , SEC
accused of destroying files Former agency official says SEC violated
federal law by destroying records of enforcement cases in which it decided not
to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission may
have destroyed documents and compromised enforcement case ... Grassley: Agency may have got rid of
Goldman, Madoff documents Ronald D. Orol , MarketWatch WASHINGTON (MarketWatch)
— The Securities and Exchange Commission may have destroyed documents and
compromised enforcement cases involving activity at large banks and hedge funds
during the height of the financial crisis in 2008, according to allegations
made by a lawmaker on Wednesday. Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit
or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman ]
Experts:
Recovery might take a while If this crisis follow the pattern of similar
ones, it may be one of the most difficult in U.S. history. (Washington Post) [
Duh! Ya think! Dow/Gold
Ratio Lowest Since 1987 Crash Today’s gold
buyers might still get to look early birds as this depression wears on… GROWTH or defense… stocks or gold? Intra-day noise aside in summer 2011,
Mr.Market’s choice looks plain.
The Dow/Gold
Ratio – a measure of the U.S. stock market’s valuation in ounces of gold – has
sunk as equities have plunged but gold prices have jumped
so far this summer.
Dropping
through 6.0 ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been
this low since early 1989, back when world equity markets were recovering from
the Great Crash of Black Monday 1987.
http://goldnews.bullionvault.com/files/DowGoldviii11.png
That slump
itself had taken the Dow/Gold Ratio all the way down to 3.6, with gold prices
rising to nearly $500 per ounce as the Wall Street index sank to 1776 points.
Growth, of course, was only taking a pause in late 1987 – a quick breather
before the real race to perfection of the late 1990s. Today, in contrast, the
Dow/Gold Ratio could still go a lot further down. Or so says history.
Trading a
little over its century-long average of 10.0 today, the ratio bottomed during
the 1930s Great Depression at just below 2.0 ounces of gold for one Dow unit.
At the nadir of the next global depression – the inflationary depression of the
early 1980s – the Dow/Gold Ratio sank even lower, down to 1.0.
Whatever
flavor of depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show
and as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye
on the underperformance of gold mining equities, too) – a growing flow of
private savings is choosing defense in gold bullion rather
than choosing business-risk in listed stocks.
That choice
might sound self-fulfilling if you work in psychiatry or government, a kind of
“clinical disorder” open to curing with medication, zero interest rates or
perhaps a third round of quantitative easing – most likely aimed at risk
assets, we guess, rather than the “risk free” Treasury bonds targeted by QE1
and QE2 – and which institutional investors are all-too keen to hold anyway.
So far,
however, investors choosing to buy gold only account for a
tiny portion of the money fleeing equities.
From here to a
true depression low in Dow/Gold (if such a level is reached), today’s gold
buyers will need to find many more friends. They’d also look early-birds
compared with the rush out of stocks – and into gold – needed to reach that 2.0
or 1.0 mark.’
BlogPost : Jon Stewart attacks Fox 'class warfare'Ignore
Buffett's Advice, Don't Buy Stocks at
Forbes
I have been
looking for a serious crisis to start in September. It appears that we have
seen the prelude for that. The big smart money has been preparing for the past
five months.You can see the “distribution pattern” on the charts since
mid-February. The rush to the exits is now accelerating and the smart money has
been selling short in large amounts.
The extreme
bullish sentiment that prevailed until the latest plunge was first replaced by
complacency, then by concern. However, the “fear” stage is still missing,
except at hedge funds that were forced to sell because of margin calls. In
fact, during the severe plunge in the first week of August, investment
investors became even more bullish according to Investorsintelligence.com. That
is not good for the markets.
The market
negatives are increasing in numbers. The IPO window is now shut. There are
signs that credit is once again vanishing. Loans are being called in, some
companies appear to have difficulties rolling over their Commercial Paper, junk
bonds yields are soaring, European banks may stop lending to each other, and
the European crisis is spreading out across the globe. It’s my view that this
will cause another credit crisis, just as in 2008.
What’s worse
is that contrary to 2008, the big players learned to read the signs from their
2008 mistakes. They are now wide awake, although in the media, their minions
still repeat the same bullish fairy tale. This means that this crisis could
develop much faster than the last one. (Read my book, Financial
Apocalypse, which is the
2008 roadmap, one which can be used very well for what is now happening.)
The words
“possible recession” suddenly is being mentioned a lot in the media, although
economists still strongly deny that possibility. Our rule is that the stronger
their denials, the more certain and the deeper the recession will be. In fact,
I declared in our May 9 issue of the Wellington Letter that the recession had
started.
Morgan Stanley
lowered its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My forecast
is for 1%-2% or less. It would be negative growth except for the fudged
inflation numbers.
The European
politicians are not any smarter than those in the U.S. Merkel and Sarkozy had a
meeting in Paris and did nothing. That day I called the outcome “Disastrous”
for the markets. It took the markets a day to digest the consequences and then
the selling avalanche started. Many of the markets in Europe, led by the banks
stocks, went into virtual free falls, losing from 4%-7% in one day. Such losses
indicate an approaching crisis.
Now we see some
of the well-known Wall Street figures appearing in the media, telling investors
all the reasons why stocks are a good buy. One appeared with a long list of
bullish factors. Well, that list didn’t prevent the global stock market from
losing an incredible $6 trillion over the past several weeks. He did the same
cheerleading on national TV in 2007 before investors lost 50% of their wealth.
Warren Buffett
is also once again the cheerleader saying he is buying stocks. He did that in
2007-2008 as well, and then the meltdown started later in 2008.
I would not
fall for this self-serving advice. Words cannot rescind a recession that we
already have, it cannot stop the insolvency of entire countries in Europe, it
can’t change the fact that major profit downgrades will appear soon, and it
can’t stop the China crisis that is now starting.
Gold is
soaring, but the mining stocks look terribly weak. There is great danger now
with the gold stocks getting hit hard by less developed countries, including
South Africa, to nationalize gold mines. This is too lucrative for them to
resist.
I would get
out of all money market funds unless they are “U.S. government only.” The
MMFs have big exposure to European banks. We believe that lending between banks
in Europe may seize, which means that the whole structure will start shaking.
You will start hearing the word “contagion.”
In my opinion,
the danger period is approaching. What we have seen until now is just a
“preview.” The main feature is likely to be worse.
Bert Dohmen is
editor of Bert Dohmen’s
Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’
Banks
still struggling, despite bailout (Washington Post) [ Yeah … that’s the way
it is for banks in the midst of recession / depression / economic decline! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! What changed from yesterday which warranted a more than 600 point
plunge with paper stocks still over-valued and a 545 bounce off of afternoon
lows? Nothing! Absolutely nothing, yet a manipulated computer-programmed
churn-and-earn suckers’ rally based on fraud and b***s*** alone to keep suckers
suckered, which makes for an especially great opportunity to sell / take
profits since there’s much, much worse to come! Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) [ The
instant video on the economic /
financial collapse from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend ! The complete url:
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1
hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb
) Written text of presentation
(without pictures / charts)] [A lot of pre-election year obfuscation,
manipulation but the debacle is already here:
Harry
Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 –
4,500 by 2012 Nasdaq will Fall Below
1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40
– 60% from Today’s Levels Greatest Economic and
Banking Crisis since the 1930s will Occur Between 2010 and 2012 Dollar
down against major currencies Global investors are becoming antsy about the
dollar’s role as the currency at the core of the world’s financial system. (Washington Post) [ Antsy? At this point, if it was only just
‘antsy’ there’d be room to hope. Despite the understatement, this is now way
beyond ‘antsy’. Reality counts! For
first time, U.S. credit rating cut from AAA Standard & Poor’s announces
that it has downgraded U.S. government debt to AA+, dealing a huge symbolic
blow to the world’s economic superpower in what was a sharply worded critique
of the American political system. (Washington Post) [ Come on! Let’s get real
here! Symbolic? If it were only that. If it were only the american political
system, there’d at least be a plausible reason for hope, albeit futile even at
that. Indeed, pervasively corrupt, defacto bankrupt america, literally causing
destruction domestically and internationally, is a testament to the failure of
the american system generally, or more specifically what it has devolved into.
Whatever america was and purports to be, it certainly doesn’t take a PhD in
Poli Sci to know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the
bottle’ and try as they may, like ‘trying to put toothpaste back in the tube’,
or ‘unringing the bell’, perceptions of america will never be the same in the
most negative but realistic and factual sense; that is, beyond the propaganda,
efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I
can further say that in america, by close observation and direct experience
(with more than sufficient representative sampling), I’ve seen and experienced
the worst of human nature; behavior so egregious so as to defy any known norms
of civilized behavior. Quite simply, there is no excuse for america! Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT USA BALANCE SHEET …’ America’s
shine is wearing off
The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s
everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s
meltdown according to wobama aficionados / intractable wobama apologists,
Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s
personal character flaws (among many unmentioned) to exculpate the failed
president wobama. Wobama’s failed miserably and yet had the easiest act in the
world to follow in the persona of fellow failed president war criminal dumbya
bush whose failed policies up to the real start of the election cycle he’s
largely followed. After all, Mr. Robinson, how different really are the parties
these days when profligate spending on illegal, unnecessary wars was continued
when democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
A
win for opponents of SEC’s new rules Court decision could spell trouble for
the agency as it puts in place some of the most far-reaching financial regulations
in years. (Washington Post) [ Oh come on! The biggest frauds in the
multi-trillions have been hands off despite the campaign promises to the
contrary. The u.s. courts are so corrupt, it’s doubtful they’d rule against
‘the big money’. That they don’t understand the economics / finance is
irrelevant to them; as is also so of the law and the facts which they probably
understand but ignore anyway. The most important consideration should be what
is obvious to all; viz., that the way things were not only facilitated the
fraudulent schemes that have brought down the nation, but will continue
prospectively as the frauds on wall street have been emboldened by the lack of
enforcement / prosecution. That said, there’s corruption thoughout the ranks of
the pervasively corrupt american government.
. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Rubin:
Fed to the country: the economy stinks
‘…information
received since the Federal Open Market Committee met in June indicates that
economic growth so far this year has been considerably slower than the
Committee had expected. Indicators suggest a deterioration in overall labor
market conditions in recent months, and the unemployment rate has moved up.The
report adds: “The Committee now expects a somewhat slower pace of recovery over
coming quarters than it did at the time of the previous meeting and anticipates
that the unemployment rate will decline only gradually toward levels that the Committee
judges to be consistent with its dual mandate.”
(Washington Post) [ As if we didn’t know and
needed them to tell us. Don’t forget, this pre-election year is as good as it
gets; yet is as dismal as can be imagined with substantially worse to follow.
Dual Mandate? I’m surprised they had the audacity to use the term. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! What changed from yesterday
which warranted a more than 600 point plunge with paper stocks still
over-valued and a 545 bounce off of afternoon lows? Nothing! Absolutely
nothing, yet a manipulated computer-programmed churn-and-earn suckers’ rally
based on fraud and b***s*** alone to keep suckers suckered, which makes for an
especially great opportunity to sell / take profits since there’s much, much
worse to come! Famed economist predicts economic calamity in 2012. See the
evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com)
What
can the Federal Reserve do? With the U.S. economy at risk of a double-dip
recession, the central bank lacks tools to do anything. (Washington Post) [ Oh
I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In
his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the
Federal Reserve to support the fundamental value of the dollar in the medium
term is to pursue our dual mandate of maximum employment and price stability,
and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Obama
plans to preserve federal mortgage role The president’s decision to
preserve a major role for the government marks a big milestone in the effort to
craft a new housing policy from the wreckage of the mortgage meltdown.
(Washington Post) [ Oh yeah! You can count on the government! Whew! Close call!
Nothing to worry about now with the government on the job! A
win for opponents of SEC’s new rules Court decision could spell trouble for
the agency as it puts in place some of the most far-reaching financial
regulations in years. (Washington Post) [ Oh come on! The biggest frauds in the
multi-trillions have been hands off despite the campaign promises to the
contrary. The u.s. courts are so corrupt, it’s doubtful they’d rule against
‘the big money’. That they don’t understand the economics / finance is
irrelevant to them; as is also so of the law and the facts which they probably
understand but ignore anyway. The most important consideration should be what
is obvious to all; viz., that the way things were not only facilitated the
fraudulent schemes that have brought down the nation, but will continue prospectively
as the frauds on wall street have been emboldened by the lack of enforcement /
prosecution. That said, there’s corruption thoughout the ranks of the
pervasively corrupt american government.
. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit
or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam
(Washington Post) [ No surprise there (the doubts)! Uncle Scam as landlord? Sounds like a typical
scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs
(french) to the mix(ed up) in the pervasively corrupt defacto bankrupt
disunited states Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back
in the news. ’ Dem PIIGS still got
problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT USA BALANCE SHEET …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation
Economy
central as Obama starts tour With some of his harshest words yet, president
criticizes GOP candidates on taxes, debt. (Washington Post) [ The eternal
campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for
b***s***). Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words! It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Robinson:
Obama won the Iowa Straw Poll (Washington Post) [ Oh riiiiight! What, on the
theory that so long as you don’t hear wobama the b’s (for b***s***) words which
invariably belie his actions or non-actions, it’ a victory for wobama? I don’t
think so; nor does the overwhelming, including the unpolled, majority! Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words! It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says it
it must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’ The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s
everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s
meltdown according to wobama aficionados / intractable wobama apologists,
Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s
personal character flaws (among many unmentioned) to exculpate the failed
president wobama. Wobama’s failed miserably and yet had the easiest act in the
world to follow in the persona of fellow failed president war criminal dumbya bush
whose failed policies up to the real start of the election cycle he’s largely
followed. After all, Mr. Robinson, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if wobama’s actions
had not belied his words/campaign promises, the nation’s position, though still
ominous, would have been substantially improved. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words! It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims' – Time to get whitey, at last, at
last, etc., say holder / wobama who go on to say ‘and they ain’t talking about
Whitey Bulger, the mobster, either!’ Postal
Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS
also proposes withdrawing employees from existing health and retirement plans
and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire
operation. After all, UPS is well managed and efficient; and also, very
reliable. On the other hand, the USPS is poorly managed, inefficient, and very
unreliable: October 15, 2010 (*see infra
{ultimately delivered by UPS})The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I
believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams,
Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam
and a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can reasonably
be presumed to have been tampered with, and hence, a violation of the federal
statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Show
us your debt plan A challenge to the president, his opponents — and you.
(Washington Post) [ Come on! This is disingenuously rhetorical. At the least,
you look at reality. Pervasively corrupt, defacto bankrupt america’s growth
days (and hence those rosy assumptions) are gone forever. Second, you begin
with the amount that must be cut to avoid further dollar debasement among other
obfuscating gimmicks which worsen the dismal scenario ($3 trillion over 10
years doesn’t come close to doing it). Thirdly, those responsible must be held
accountable (and meaningful law must count for all!). 8 More Reasons Why You Should Be Deeply Concerned That
The U.S. Government Has Lost Its AAA Credit Rating ‘… #8 economics
professor Laurence J. Kotlikoff recently told NPR ….“If you add up
all the promises that have been made for spending obligations, including
defense expenditures, and you subtract all the taxes that we expect to collect,
the difference is $211 trillion. That’s the fiscal gap” ..’ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in
2010 amounted to $3.456 trillion. Total receipts added up to $2.162 trillion.
USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Markets
begin week on calmer note The positive results showed that the markets may
be able to hang on to their gains. (Washington Post) [ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! So what’s changed of significance (other than the
full moon and consequent effects on the lunatic wall street frauds Train
Reading: The Stock Market Is Insane
The Wall Street Journal ).
Nothing! Stocks rally on bad news, fraud,
and b***s*** alone! 3
Reasons Markets Finished Up For the Third Straight Day Wall St. Cheat Sheet National Association of Home Builders , builder confidence
in the market for newly built, single-family homes – the National
Association of Home Builders/Wells Fargo Housing Market Index – was unchanged
in August at a low level of 15. Also being reported today was an assessment of
New York-area manufacturing activity, which declined for the third consecutive
month and fell short of economists’ expectations.. 2) Japan. [Come on ... If
the ‘meltdown’ proved anything it’s that Japan’s as bad as america in dealing
with and reporting reality.] Japan’s
economy
contracted less than expected in the second quarter, despite a huge blow to
industry and production dealt by the March 11 earthquake and tsunami. Gross
domestic product declined at an annualized rate of 1.3% in the quarter ending
June 30. Economists had forecast a 2.5% decline.. 3) Crude futures. After
tumbling considerably over the past few weeks, crude-oil
futures began to recover today . Crude for September delivery climbed
roughly 3% today on the New York Mercantile Exchange, giving energy stocks a
boost. Exxon Mobil , BP , Marathon , and Chevron all gained over 3% today …’ In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’ Book Predicts Economic Disaster Amid
Controversy Disturbing
Charts Show Economic Meltdown in 2012. See the Evidence. (Newsmax.com)
Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC.com
Europe’s
crisis and the psychology of fear (Washington Post) [ Given the reality and
magnitude of Europe’s problems going forward, dwarfed only by the magnitude of
those of pervasively corrupt, defacto bankrupt america, it brings to mind the
words of the former Intel CEO (co-founder) Andy Grove ‘ Only the paranoid
survive’ (of course, having survived the Nazis and escaped Communist-controlled
Hungary in Europe, as a jew, one has to assume his perspective / outlook was
somewhat ‘skewed’ thereby). Yet, let’s not kid ourselves to the point where
virtual survival is threatened and at stake as is so for the EU. America
isn’t alone in the downgrade spiral (WP) Indeed, the EU has followed the
contra-indicated perma war, evermore worthless Weimar currency, and a
predispositon / tacit acceptance of paper securities schemes / scams / frauds
which are integral to america’s ongoing, albeit obfuscated, debacle / crisis
which given the unfunded debt load pegged at $211 Trillion among other
estimates, is insurmountable and will end quite badly. Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam (WP) [
No surprise there (the doubts)! Uncle
Scam as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey
(brits)-looking (green) frogs (french) to the mix(ed up) in the pervasively
corrupt defacto bankrupt disunited states
Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT USA
BALANCE SHEET …’ Famed economist predicts
economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/
Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude
To Meltdown , Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Krauthammer:
Our political system is working well (Washington Post) [ Wow! There was a time back
in the late sixties, early seventies when there were these long-haired people
chastised by the so-called ‘establishment’ that would have just loved to be
doin’ whatever it is that Mr. Krauthammer’s been doing to arrive at such a
conclusion, so glaringly devoid of any reality whatsoever. Psychedelics,
hallucinogens, magic mushrooms; what could it be that has brought Mr.
Krauthammer into this fantasy world where even ‘Alice’ of Wonderland fame might
feel comfortable in this netherland (sic) / netherworld created from the depths
of Mr. Krauthammer’s imagination. I’m truly at a loss for words. After all, the
warning by the underrated but great President General Eisenhower of the
impending inherent danger of the military industrial complex came to fruition
with the assassination of JFK and the reality of a coup d’etat thereby. All presidents,
along with the two remaining branches of the pervasively corrupt, defacto
bankrupt american government since have been at best stooges for such as the
military industrial complex, the banksters / frauds on wall street, etc., to
the substantial detriment of the vast majority in this country and throughout
the world (ie., perma wars, huge securities frauds still extant / now marked to
anything as per congressional FASB rule change, and unprosecuted. Beyond the
immediate reach, or at least ‘penetration’ of american propaganda, an
intelligent and astute individual, Legendary
Investor Jeremy Grantham: America is a Banana Republic Washington’s Blog I didn’t see the debates {what does it
matter what they say – the egregious ‘wobama the b’ (for b***s***) fatigue
factor / experience} nor have I read Mr. Robinson’s article, ‘GOP
Debate Land ’ but I’m sure I’d agree with his conclusion, ‘I didn’t recognize the America the GOP
candidates described;’ but unfortunately, I do recognize the pervasively
corrupt, defacto bankrupt america of ‘wobama the b’ (for b***s***), failed
president like his predecessor, moron war criminal dumbya bush, that he is. The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (WP) [
Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame
for the nation’s meltdown according to wobama aficionados / intractable wobama
apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to
wobama’s personal character flaws (among many unmentioned) to exculpate the
failed president wobama. Wobama’s failed miserably and yet had the easiest act
in the world to follow in the persona of fellow failed president war criminal
dumbya bush whose failed policies up to the real start of the election cycle
he’s largely followed. After all, Mr. Robinson, how different really are the
parties these days when profligate spending on illegal, unnecessary wars was
continued when democrats controlled congress, and then even the executive
office when continuing failed president and war criminal dumbya bush’s nation
bankrupting, nation destroying war policies, protection for unprecedentedly
huge wall street frauds, bush tax cut extensions for the wealthy, and then some
(spending on top of it). Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most
importantly, realize that if wobama’s actions had not belied his words/campaign
promises, the nation’s position, though still ominous, would have been
substantially improved.
Poll:
Sharp dissatisfaction with D.C. The public doubts the government can fix
the nation’s economic problems, Post poll shows. An
unlikely landlord: Uncle Sam
(Washington Post) [ No surprise there (the doubts)! Uncle as landlord? Sounds like a typical scam
/ fiasco / debacle in the making! Add limey (brits)-looking (green) frogs
(french) to the mix(ed up) in the pervasively corrupt defacto bankrupt
disunited states Italy
unveils plan to calm fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back
in the news. ’ Dem PIIGS still got
problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario [ Whew! Close
call! There you go. Nothing to worry about now that wobama’s got a boehner … so
not to be so hard on them; if pelosi says it, it must be true … Not!
…Pervasively corrupt, defacto bankrupt america, they, she look pretty greecey
to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’, we all
know ‘wobama the b’ (for b***s***) is total b***s*** which means like Greecey
PIIGS they’ll be back to the trough for more … slop … py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA
INCOME STATEMENT USA BALANCE SHEET …’ Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing to
political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/
Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude
To Meltdown , Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
European
economies brace as Germany slows Discouraging news about the pace of growth
came just hours before German and French leaders called for new steps to impose
discipline on governments whose lax budget practices prompted the debt crisis.
(Washington Post) [ First, let’s call this economic scenario what it is; viz.,
the ‘d’ word … ‘depression’. For those who find that term unutterable, then
‘double-dip recession’ is the term for you. All the dollar debasement
(over-printing, etc.) for the benefit of the frauds on wall street et als to
the substantial detriment of everyone else can’t change and has exacerbated and
obfuscated this fact. Moreover, there has been a manipulated churn-and-earn
high-frequency trading bubble-bull cycle in what is unmistakably a secular bear
market. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) ‘ Robert Wiedemer’s new book,
“Aftershock: Protect Yourself and Profit in the Next Global Financial
Meltdown,” quickly is becoming the survival guide for the 21st century. And
Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive
interviews and prophetic predictions, already has affected millions around the
world — but not without ruffling a few feathers. [ The instant video on the economic / financial collapse
from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without
pictures / charts)] [A lot of pre-election year obfuscation,
manipulation but the debacle is already here:
Harry Dent, Jr. Economy will be in a
Depression by 2011 U.S. Dollar will Decline Forecasts from
Dent, Napier, and then Prechter: Depression is
Imminent The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in August
1982, and quite likely drop below 400 at one or more times during the bear
market.
Make
way for the ‘super bundlers’ The
2010 elections saw the rise of “Super PACs.” In 2012 it will be a new breed of
fundraisers. (Washington Post) [ ‘Super bundlers’? If Mr. Eggen had said
‘facilitators for the super bunglers’, I would have recognized what he meant.
But, ‘super bundlers’ immediately brings to mind another kind of fraud / scam,
viz., those ‘bundled’ toxic asset worthless paper securities things so
lucratively popularized by the frauds on wall street with the blessing of their
‘amen corner’ in Washington to the detriment of this and other nations and
particularly this nation’s taxpayers / middleclass who’ve been decimated. If he
had called them what they more realistically are, viz., visible slush funds for
those visible invisible quid pro quo / bribe schemes, welfare of the nation be
damned, I indeed would have known what I think he meant. Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the truth
is he really screwed you’ … well you know that familiar theme and can ad lib,
insert your own words! It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington Post) [
It’s true … so right you are! Al Gore’s even pitchin’ in by donating the
talents of his long lost secret love child, ‘Leslie Gore’ to pen and sing a
song in wobama’s honor (kidding) which goes something like this , ‘It’s his
party and he’ll cry if he wants to, cry if he wants to, cry if he wants to, you
would cry too, if obama happened to you
… Well, there you go … if the song says
it it must be true. Yeah! And those dern republicans and their racial politics
… UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims' – Time to get whitey, at last, at
last, etc., say holder / wobama who go on to say ‘and they ain’t talking about
Whitey Bulger, the mobster, either!’ Postal
Service seeking 20 percent staff cut EXCLUSIVE | In cost-cutting bid, USPS
also proposes withdrawing employees from existing health and retirement plans
and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire
operation. After all, UPS is well managed and efficient; and also, very reliable.
On the other hand, the USPS is poorly managed, inefficient, and very
unreliable: October 15, 2010 (*see infra
{ultimately delivered by UPS})The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I
believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February
28, 1993 by gunfire at Waco. All four were examined by a pathologist and died
from identical wounds to the left temple. All four had been body guards for
Bill Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam
and a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
The
new Manchurian candidate The sad facts behind Rick Perry’s Texas ‘miracle’.
(Washington Post) [ I haven’t looked too closely at this yet. After all, bushed
of bushes and then there was johnson who’ve really done enough damage to
warrant looking askance. Yet, there’s Ross Perot (not running) and Ron Paul;
and of course, the great but substantially underrated President General
Eisenhower was born there though raised in Kansas. To his credit, he’s railed
against the incompetent wall street fraud oriented fed though one must still
say of same, better late than never. It’s that bushie / johnson war thing that
gives pause. Then there’s the gore / lieberman / nafta / now / bilderberg
connection … what’s up with that? (to quote Keenan Thompson of SNL fame). Then
there’s the Austin, Texas – based infowars.com / prisonplanet.com / Jone
contingent who remain unconvinced: Tell
Rick Perry that there was NO ‘Texas Miracle’ Len Hart | The only pockets lined by GOP largesse (pork) are
the pockets of an increasingly tiny ruling elite now just 1 percent of the
total US population. Rick Perry’s Campaign Strategy: Become Ron Paul
Stocks
end 3-day rally U.S. stocks fall after a weak growth report in Europe
rekindled fears about a global economic slowdown. (Washington Post) [ Let’s not
kid ourselves, if it’s ‘not happening’ in Germany, it’s not happening;
b***s***, spin, and politicking aside. Japan’s numbers, bad as they were, are
too americanized to be believed and pervasively corrupt, defacto bankrupt
american numbers are just plain ‘american’ (which if you’re not paying
attention, is very negative. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! So what’s changed of
significance (other than previous full moon and consequent effects on the
lunatic wall street frauds Train
Reading: The Stock Market Is Insane
The Wall Street Journal ).
Nothing! Stocks rally off lows on bad news,
fraud, and b***s*** alone! There's
A Recession Coming According To The Data at Forbes , Dell braces investors for a bumpy road 16 Aug 2011 Dell
makes a case on why it can better weather an upcoming storm, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’
Book Predicts Economic Disaster Amid Controversy Disturbing
Charts Show Economic Meltdown in 2012. See the Evidence. (Newsmax.com)
Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC.com Absolutely nothing, yet a manipulated
computer-programmed ( high frequency trading bots )
churn-and-earn suckers’ rally based on desperation, fraud and b***s*** alone
(ie., backward looking, ‘revisions’, faked data, etc.) to keep suckers
suckered, which makes for an especially great opportunity to sell / take
profits since there’s much, much worse to come
Perry
attack puts pressure on Fed ANALYSIS | The central bank is supposed to make
its decisions based on economics, not politics. Perry
takes aim at Bernanke (Washington
Post) [ When you’re right, you’re right. Can’t take that away from him. What
can the Federal Reserve do? With the U.S. economy at risk of a double-dip
recession, the central bank lacks tools to do anything. (Washington Post) [ Oh
I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In
his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the
Federal Reserve to support the fundamental value of the dollar in the medium
term is to pursue our dual mandate of maximum employment and price stability,
and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D. .. ‘
Market
plunge reawakens recession fears Bleak numbers for U.S. jobs, housing and
manufacturing compounded the anxiety over European woes, sparking a market
sell-off and wiping out the major U.S. indexes’ gains from earlier this week.
(Washington Post) [ The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Train
Reading: The Stock Market Is Insane
The Wall Street Journal Stocks rally off lows to suck
suckers in and keep suckers sucked in on bad news ( Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says ), and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again?
Looking at the Summer Crash of 2011 Gayed ‘A real bear market ,
Abandon Ship McGill ,
There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com) Five
Reason Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing
Charts. (Newsmax.com) US Recession Is
Guaranteed: Expert CNBC]
Obama
issues first explicit call for Syrian president to resign The rhetorical
escalation was backed by sanctions designed to undermine military operations. (Washington Robinson:
Obama won the Iowa Straw Poll (Washington Is
Obama’s fate written in numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington http://www.albertpeia.com/wobamavoters.gif
. ‘Don’t cry for him new argentina It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington It’s true … so right you are! Al
Gore’s even pitchin’ in by donating the talents of his long lost secret love
child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which
goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if
he wants to, cry if he wants to, you would cry too, if obama happened to you …
Well, there you go … if the song says it it must be true. Yeah! And
those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims' – Time to get whitey, at last, at last, etc., say
holder / wobama who go on to say ‘and they ain’t talking about Whitey Bulger,
the mobster, either!’ The
powerless president Obama remains
indecisive, and ignored, as larger forces bring down the country. Robinson:
S&P downgrades the GOP (Washington Post) [ Riiiiight! It’s
everything but ‘wobama the b’ (for b***s***) that’s to blame for the nation’s
meltdown according to wobama aficionados / intractable wobama apologists,
Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to wobama’s
personal character flaws (among many unmentioned) to exculpate the failed
president wobama. Wobama’s failed miserably and yet had the easiest act in the
world to follow in the persona of fellow failed president war criminal dumbya
bush whose failed policies up to the real start of the election cycle he’s
largely followed. After all, Mr. Robinson, how different really are the parties
these days when profligate spending on illegal, unnecessary wars was continued
when democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Details
of Obama’s jobs plan emerge President is thinking about proposing tax cuts
for companies that hire workers, new spending for roads and construction, and
other measures that target the long-term unemployed, administration officials
say. (Washington Post) [ Oh come on! Too
little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) …
he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there
on the campaign trail; and just as much an embarrassment for those who turn out
to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total
joke! To be finally talking jobs and things just before the election having
broken previous campaign promises in his failed role as ‘bush failure 3’. Even
his pension is undeserved so much a fraud is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington
Examiner | A key member of
the Congressional Black Caucus says they don’t pressure President Obama because
he is loved by black voters. Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Bus Tour Bust: Obama’s Approval Plummets Back Into 30s,
Says Gallup Disapproval of Congress Hits All Time High of 84%
Drudgereport: BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' ]New
low of 26% approve of Obama on economy... Inflation
builds... FOOD PRICES
RISING... UNEMPLOYMENT
UP... OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION... 'Takes More
Vacations Than Any Human Being I've Ever Seen'... Commiserates
with jobless, then off to the Vineyard...
Even
that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if wobama’s actions
had not belied his words/campaign promises, the nation’s position, though still
ominous, would have been substantially improved. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants
and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Democrats
strike back on taxes Obama and others are gambling that voters will see
GOP’s stance as recalcitrant and out-of-touch. (Washington Italy
unveils plan to calm fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy Italy america Deficits
And Stimulus Only Delay The Inevitable Collapse Bob
Chapman |
America is insolvent and has been so for
a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary.
Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates
the unreported debt to be $75 trillion, while other estimates exceed $100
trillion (these amounts are insurmountable) …’ Famed economist predicts economic calamity
in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for
fake gov’t data / reports owing to political desperation! Why
You Shouldn't Buy Into This Plunge Forbes/
Wall Street
closes worst week since '08 with wild day NEW YORK (Reuters) S&P
on U.S. downgrade: Debt pact 'falls short' - Reuters S&P
downgrades US credit rating from AAA S&P
Shocks the U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat Sheet What
Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe …’ ‘Top
3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude
To Meltdown ,
predicting
the global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis… My work
shows that “the new recession has started.”… Over the past 33 years, we have
called the start of every recession, often on the exact month, or within one
month, of the official start as determined one year later by the official
arbiter of recession, the National Bureau of Economic Research (NBER)… However,
inflation is far understated for political reasons. Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation, according
to free market economists who calculate inflation as it was done in 1980 before
the politician re-engineered it, is now more than 11%. Using that to adjust GDP
for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.
Bad
luck? Bad faith? Obama’s explanation for our current malaise. Really? (Washington Details
of Obama’s jobs plan emerge President is thinking about proposing tax cuts
for companies that hire workers, new spending for roads and construction, and
other measures that target the long-term unemployed, administration officials
say. (Washington Oh come on! Too little, too late
for ‘wobama the b’ (for b***s***), the eternal campaign(er) … he’s got a ‘good
rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there
on the campaign trail; and just as much an embarrassment for those who turn out
to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total
joke! To be finally talking jobs and things just before the election having
broken previous campaign promises in his failed role as ‘bush failure 3’. Even
his pension is undeserved so much a fraud is he! Black
caucus: Tired of making excuses for Obama [ They are not alone! ] Washington Examiner Obama ‘Takes More Vacations Than Any Human Being I’ve
Ever Seen’ Bus Tour Bust: Obama’s Approval Plummets Back Into 30s, Says
Gallup Midwest turned into a
bust yesterday. Disapproval of Congress Hits All Time High of 84%
Stocks
plunge on Europe’s banking worries (Washington Post) [ Oh … so that’s what
happened … those european banking worries … sure coulda’ fooled many here
stateside who are, in light of dismal realities here, yellin’, ‘look homeward
hell’s angels’. This sounds like a job for … Rosanne Rosanna Dana, formerly of SNL fame and as her mama
always used to say, which is also her hypothesis, ‘it’s always somethin’ … (but
unfortunately, that somethin’ is not necessarily what they say it is). How
‘bout the fact that stocks are substantially over-loved, over-valued owing to a
multitude of (wall street benefiting) fraudulent artifices which are intended
to obfuscate, as in the last and ongoing debacle, their most current
computerized manipulated
churn-and-earn high-frequency trading bubble-bull cycle in this unmistakably
secular bear market. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Train
Reading: The Stock Market Is Insane
The Wall Street Journal Stocks rally off lows to suck suckers
in and keep suckers sucked in on bad news ( Jobless
Claims, Inflation Rise More Than Expected CNBC) , fraud ( SEC destroyed documents, senator says ), and b***s*** alone! MKM
Bracing For SPY To Drop 8% More; Nasdaq Nearing August Lows Barrons.com, WHY NEW
LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again?
Looking at the Summer Crash of 2011 bear market ,
Abandon Ship McGill , There's
A Recession Coming According To The Data at Forbes , HP, Dell
hammered as tech-spending outlook darkens JDSU, NetApp, disappointing figures, shares hit hard in
after-hours trade Dell braces investors for a bumpy road Dell makes a case on
why it can better weather an upcoming storm
, S&P
says sell Google's shares after Motorola deal , STOCKS
FALL AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks
Slip On Concern Over Europe's Debt, U.S. Data , Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Take
A Lesson From 2007 And Sell Stocks Now at
Forbes, [video]
Trader: We Could Test 1120 Lows at
TheStreet.com In
a Downtrend, Sell a Rally (Daily FX) Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist
predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
Drudgereport : TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT,
GREAT DEPRESSION...' Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% GALLUP:
APPROVE DOWN TO 38%... Highest
Negative Rating Ever... DOJ raids
guitar factory... UPDATE:
GIBSON GUITAR CEO slams raids as 'overreach'...
http://albertpeia.com/ fbimartinezcongallard.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , I find this somewhat
incredulous in terms of priorities!] JOBS:
ZERO... BROKE: POST
OFFICE SYSTEM MAY SHUT DOWN ENTIRELY THIS WINTER... AMERICA
FALLS TO 5TH PLACE... 46.2 million
Americans are now poor... 22% of
children in poverty... Dramatic
drop in median income... Likely to
worsen... POVERTY
SOARS SETS NEW RECORD POLL: OBAMA
41% ANY REPUBLICAN
47%... RE-ELECT:
41%... 'AIMLESS
OBAMA WALKS ALONE'... 'Loner'... AP: Disconnected
from reality... STUDY: USA
not in top 10 for starting a business... NEW
DOWNGRADE THREAT NUMBER OF
'NEAR POOR' STARTLES CENSUS... MSNBC
Matthews Turns On Obama... 'I
Hear Stories That You Would Not Believe'... COMPANY
SHOCK: 'WE'RE NOT HIRING UNTIL OBAMA GONE' OBAMA LOSES
SUPPORT FROM BLUE COLLAR DEMS... RUSSIAN
ANCHORWOMAN FLIPS OBAMA THE BIRD... FITCH TURNS
NEGATIVE ON US Obama's Job
Approval Drops Below Carter's... S&P
Downgrades Dozens Of Global Banks... REPORT: Hank
Paulson passed inside information to fund managers... 'OBAMA IS A
CORPORATE PUPPET'... Support
for Obamacare hits new low... RE-ELECT AT
43% GALLUP
SWING: OBAMA BACK DOWN TO 41% APPROVE, 50% DIS... USA Closes
2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP... Levin:
Obama's Comment 'Forthright Statement Of A Dictator'... RUBIO TO
OBAMA: YOU'RE TURNING AMERICA INTO 'DEADBEAT NATION'... GROUP PLANS
TO FLY 'IMPEACH OBAMA' BANNER OVER SUPER BOWL... RON PAUL
SAVAGES SANTORUM AS 'CORRUPT'... WAR DRUMS:
Iran, Israel and US plan Gulf exercises... Diamond
Prices 'To Jump 20%', Outperform Gold... RUBIO SENDS WARNING LETTER TO OBAMA: DEBT SOON
'WELL ABOVE $16 TRILLION'... DEVELOPING...
7-6-12 O NO: UNEMPLOYMENT STUCK AT 8.2%... 'STEP IN THE
RIGHT DIRECTION'... Just 80,000
jobs added in June... 85,000 WENT
ON DISABILITY! Unemployment
rate for blacks jumps to 14.4% (Actually, that’s much too low and 100%
unemployment/imprisonment/deportation would be optimal for
productivity/civilized behavior/minimal violent crime) ... 780,000
Fewer Women Employed Under Obama... Romney: 'It
Doesn't Have To Be This Way'... Team Obama
predicted 5.6% today with stimulus... Broke
California OKs funding for high-speed rail line... Bush spend
Fourth in Zambia, opening health clinic, visiting orphanage { The perfect place
for dumbya bush; little ‘blackface’ and he’d fit right in! } ... Ohio
restaurant owner dies hours after Obama visit { Kind of like the nation as a
whole; see wobama and die! } ... Obama's
Social Security Number challenged... 'American
story' faces fresh scrutiny... By some
counts, The Story presents more than three-dozen instances of material
discrepancy where Dreams fails to align with the facts as Maraniss
reports them. Case in point: Maraniss confirmed that Mr. Obama's mother, Ann
Dunham, left his father, Barack Obama, Sr., a volatile bigamist, and not the
other way around, as related in Dreams . Dreams also related the
tale of Obama's paternal grandfather, Hussein Onyango, who was said to have
been detained and tortured in a prison outside Nairobi Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }
Ann Romney
says woman being eyed for ticket... Obama's
whole campaign strategy is 'let's kill this guy' ( That’s no exaggeration, the
predisposition of blacks toward whites; and, wobama can’t run on his record of
failure in which he’s lied and failed! ) ... POLL: In 15
swing states, Romney leads Obama 51% to 43%... Romney
accuses Obama of 'vicious lies' on BAIN CAPITAL...
'THE LAW I
PASSED IS HERE TO STAY'
LAND OF THE FREE : San Diego
man stranded after told on 'no-fly' list... Midwest
ranchers, lawmakers protest drone flyovers... TWITTER
shares info on gov't demands for user data... ACLU
Launches Smartphone App To Secretly Record Police Stops... 'Homeland
Security' Report Lists 'Liberty Lovers' As Terrorists... Cannibal Updates: Boy bitten
on neck by man in 'vampire' attack... VIDEO: Man
high on synthetic 'spice' goes on naked 'ninja' rampage... 'ZOMBIE
CANNIBAL': 'I'm a eat you'...
SCORN ON THE
4TH OF JULY: Chris Rock Mocks 'Happy White Peoples Independence Day'...
TOP BLACK
CHURCH BACKS HOLDER, BLASTS HOUSE...
Severed head
thought to belong to Canadian cannibal's butchered lover found in park... Pregnant
woman bites off boyfriend's fingertip...
RECORD
NUMBERS OF AMERICANS ON DISABILITY
NOW Mammoth
Lakes files for bankruptcy!
Rep.
Allen West: Obama Wants Americans To 'Be His Slave'...
CHICAGOLAND:
7-Year-Old Girl Gunned Down While Selling Lemonade Outside Home... MCCONNELL:
'Sold to American people on a deception'... CURL: Gift
to Romney... { This may seem somewhat counterintuitive and a bit
of a rationalization; but, it is absolutely true. So true in fact, that wobama will
come to be compared to Pyrrhus of Ephyrus (W. Greece) since realization of what
this legislation won’t do for americans and the economy and what it actually
does will not have the galvanizing effect that striking the bill down would
have had on voters who were thinking ‘another free lunch from the government’
will save them (we all now know better, no such thing). Yes, in somewhat
European tradition, defacto bankrupt america Europe
(and any other nation that’s tried it). In the final analysis, this and such
programs as the contraindicated bailouts for the unprosecuted frauds on wall
street, etc., will prove to be the ‘camel-back breaking’ moment for america;
and, a pyrrhic victory for the egregiously failed president wobama. America’s
debt woe is worse than Greece’s News $211 trillion ’ … }
HISTORIC:
HOUSE VOTES HOLDER IN CONTEMPT... DEM HOODIED
BLACKS PLUS WALK OFF FLOOR... Pelosi
botches name of slain border agent...
Adult
Chimpanzee Fatally Mauls Baby Chimp at LA Zoo...
ZIMMERMAN
PASSED POLICE LIE DETECTOR... REPORT... Syringes
litter NYC beach...
ZOMBIE: Man
who took synthetic drug strangles dog, starts eating it...
POLL: Obama
drops 8 points with whites... ... 13-point
plunge among young voters
Obama Asks
People Getting Married To Forgo Gifts... Donate
To His Campaign Instead... AP: ‘…THE FACTS: Five Senate
Democrats voted against sending the DREAM Act to the Senate floor for full
consideration. The bill would have created a path to citizenship for many young
illegal immigrants brought to the United States Then there’s the other meretricious ‘wobama
desperation hail mary’ that once again falls short. Indeed, as an investor, one
analyzes earnings, projects prospective earnings over a 3-5 year horizon, and
the quality of the earnings along macro economic factors which are affected by
‘political considerations’. Does anyone remember the honorable Ross Perot who
warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. } Will accept
your birthday or anniversary gifts, too...
VIDEO: Obama
Trips At Campaign Event In Tampa...
ZOMBIE:
Naked man bites off chunk of arm...
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE
CALLS: Zimmerman told wife to buy bulletproof vest... WAR ZONE: 7
Killed, Dozens Wounded During Obama Visit to Chicago... More killed
this year than in Afghanistan... Bill Maher:
'The Problem With Racism Is Matt Drudge'...
U.S. Cannibal
Updates: Doctors release first photos of Miami cannibal victim... **WARNING:
Extremely graphic** [ See
here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]U.S. CANNIBAL UPDATES:
'Zombie
Bullets' In High Demand Following Cannibal Attacks... COPS:
Attacker bit off large chunk of victim's face in bloody assault... UPDATE:
SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD RECENTLY SMOKED POT... NEW: Man
Threatens To Eat Cop... 'Growled,
opened and closed his jaw'... Woman bites
wig shop owner’s bicep, spits flesh in face... L.A. KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6,
2012 { When are people going to
awaken to the reality of the uncivilized nigger? Where’s the outrage for this 1
year old baby who unlike hoodie trayvon martin killed in self-defense (from
niggers) was not a thief and was totally innocent? The tragic outcomes for
ignoring the threat of the uncivilized niggers!
}
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
CANNIBAL
UPDATES: CRUISED MIAMI IN 2010?
COPS:
Canadian cannibal on run in France -- dressed as woman...
CANNIBAL
CAPTURED IN BERLIN... Arrested at
Internet cafe -- looking up stories on himself! Shady, Master
of Disguise...
{ U.S.
Cannibal Update }: Maryland cannibal ranted on
FACEBOOK...
Ming Wu Murder CBS
Los Angeles . [ { Yup! Typical
lawless, uncivilized niggers! The following comment to the article sums it up:
‘Three blacks shooting two Chinese students. Where is the public outcry and
protests? Where are all of those that were screaming injustice when Trayvon
Martin was shot?’ }http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
FUGITIVE
CANNIBAL WARNED: I CAN'T STOP KILLING... Scary
digital trail... Gay White
Porn Star Wanted by Interpol...
CANNIBAL
STRIKES IN MARYLAND... Kenya ,
Sub-Saharan Africa . }SHOCK
DETAILS...
South Beach
Cannibal 'Put Under Voodoo Curse'... VIDEO SHOWS
BIKES RIDING PAST SOUTH BEACH CANNIBAL ATTACK! MORE GRISLY
DETAILS... 'BATH SALTS'
TRIGGERED SOUTH BEACH CANNIBAL http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }Flash Mob of
40 Kids Storm 7-ELEVEN over Free Slurpee Promotion, Beat Manager, Raid
Shelves...
REPORT:
Woman viciously beaten at MCDONALD'S drive-thru... 'This
is for you, you white b***ch! This is a grape soda!' The description of the suspects - two black women and
one black man - is vague. The best clue police have to go on right now is they
were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob
of 20 'hooded blacks' storm UK pub, drag man out, stab him to death... Half of
Florida high school students fail reading test... COPS:
19-year-old white student beaten by two separate black gangs...
Dershowitz:
Zimmerman acted in self-defense. so drop murder charge... Evidence
Backs Up George Zimmerman's Version of Shooting... Witness Told
Cops: Trayvon Straddling And Punching 'MMA Style'...
New evidence in Trayvon Martin case raises
more questions ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting {That little (6’3”) thieving
nigger was enraged by his being thwarted in his scope-out/plundering of
Zimmerman’s neighborhood. Clearly self-defense with wounds consistent with his
true story, Zimmerman was fighting for his life and ultimately saved the
citizens of Florida from the future costs of the burgeoning violent, thieving
typical nigger-criminal trayvon martin.}Holder sues
Florida city, says firefight test racist [ Yeah, of course, because dumb
niggers can’t read, ‘rite, or do ‘rithmetic! They’re always too busy donning
their little hoodies and scopin’ out neighborhoods for their pillaging,
plundering, and terrorizing! ]... Black mob
beats white man unconscious on his front porch... 'Now
that's justice for Trayvon' (they shout in crazed nigger fashion)... DERSHOWITZ
BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... http://albertpeia.com/trayvonnewtawana.htm
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin . The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
COPS:
Suspect angry over Trayvon Martin death beats up white man...
Obama as a
Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father
being an african ape nigger and his mother a flaky whore; you know, that
typical type that schtooped niggers back in the day! ]... Obama
campaign tries to diversify... ...looking
to hire more African-Americans Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ... HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'... 'We do not
prosecute by public pressure or by petition'[B***S***!]... Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson Robin Givens Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply:Startover Reply:Eduard Reply:Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ... New Black
Panther Party chief of staff apologizes after radio outburst... 'The
things that's about to happen, to these honkeys, these crackers, these pigs'... Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]... RACE WARS: ZIMMERMAN
BREAKS SILENCE... Family
challenges Holder on New Black Panthers... Hacked
roadsign reads: 'Trayvon a n*****'... CNN says
'f****** n*****' on air... Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive... Congressman
fears Obama power grab in 'emergency'... Fidel Castro
mocks Obama over 'guayabera' diplomacy...
Rev. Wright
Unleashed: 'White Supremacy' Drives 'World Policy'... Clarence
Thomas Worshipping 'Some Other God'...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million
pizza party in Detroit -- on sterling silver plates! WHouse
basketballs emblazoned with Obama's image... HOODIE ON
THE HILL... VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ] Ex-Black Panther... Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]... Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]'There were
young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race
now... NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience... Talkradio
host calls for arrest and removal from MSNBC... Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was suspended from school three times He was on suspension when he was shot in
February, after officials caught him with a 'marijuana pipe' and a baggie
with drug residue Trayvon was kicked out of school in October for
graffiti after he was allegedly caught with a 'burglary tool' and a bag
full of women's jewelry
Officials
also suspended him once for skipping school and tardiness
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'... Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump
sum for an irrevocable repatriation incentive … a huge cost-saving beyond the
first year with substantial salutary effects for the nation, the economy, and
the remaining civilized non-blacks). The other major crimes they do anyway.
It’s their nature. You’ll never change the nigger … they evolved only to ‘a
point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through Military Park
(a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark , new
jersey
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles ,
CA http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)Shelly
Brooks (Murdered 7 prostitutes in Detroit Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit Jervon
Miguel Coleman (Murdered three people.)Donell
Ramon Johnson (Murdered a mother and a daughter)Brian
Ranard Davis (6 women known murdered by nigger)Paul Durousseau
(Seven women)Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)Coral Eugene Watts
(11 women in Texas & 1 in Michigan Anthony
McKnight (Five girls and young women)Derrick Todd Lee
(8 Women)Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)The Zebra Killings
(71 White people)Chester Turner
(L.A.s most prolific killer 12 women killed.)Lorenzo
J. Gilyard (Kansas City ,
MO. Eugene
Victor Britt (Gary Reginald and
Jonathan Carr (The Wichita Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)Henry Louis
Wallace (Raped and strangled 5 women to death.)Charles
Johnston (Murdered 3 unarmed white men in hospital)Craig Price
(Brutally murdered 3 women)Harrison
Graham (Brually Murdered 3 women)Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood , MO. Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)Arlington , VA and Richmond ,
VA Norfolk ,
VA Carlton Gary
(3 killed in Columbus , GA Ivan Hill
(killed 6 in Los Angeles area).July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
the myth that only white men commit such crimes .Black Serial
Killers http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
Miami Heat
Players Don Hoodies... 'Dead or
Alive' Poster Issued by New Black Panther Party... Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about
themselves having niggers around and helping niggers to help them feel better
than they really are, insecure as they are, by being better than at least
someone beyond fantasy. Loony george clooney is one. Dreadfully boring and with
that monotone, monotonous voice and not that bright, he’s not even able to fake
it on screen as an action hero (ie., batman, what a horrific miscast) wimpy
pussy in reality that he is; then there’s the ‘black (sean) penn’ who cried
like a baby while incarcerated for a couple of days not that long ago. The
atheist jolie, so fatherly troubled as she is, has let the equally mentally
troubled pitt (she so nutty she makes him feel somewhat sane though still not
too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten to her
black projects. Let them live anonomously (in disguise) with the niggers for
some time for a real close look and then see what’s left of their predisposed
love for the nigger. Then there’s the italian scallion, booby deniro; drug
addled as his black wife high-tower, what a total embarrassment to Italians
everywhere; even as he tried to ingratiate himself recently with niggers
everywhere and particularly national embarrassment mammy michele with the
embarrassing pro-nigger first lady remark..
[ Send the niggers back to sub-saharan Africa !
]'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an insoluble problem wherever
they are. That’s not going to ever change; not make-shift/make-work jobs; not
programs; not anything tried or to be tried; hence, they must be treated as
exactly that – problems – before a solution can be derived and fashioned. ] [ Send the niggers, including niggerbama back
to sub-saharan africa ! ]
7-5-12 POLL: In 15
swing states, Romney leads Obama 51% to 43%... Romney
accuses Obama of 'vicious lies' on BAIN CAPITAL... 13,000 Pages
of Regulations for New ObamaTaxes Drafted... JINDAL: Way
paved for 'tofu' tax... Romney And Obama Supporters
Clash at July 4th Parade...
7-3-12 POLL: In 15
swing states, Romney leads Obama 51% to 43%... Romney
accuses Obama of 'vicious lies' on BAIN CAPITAL...
'THE LAW I
PASSED IS HERE TO STAY'
LAND OF THE FREE : San Diego
man stranded after told on 'no-fly' list... Midwest
ranchers, lawmakers protest drone flyovers... TWITTER
shares info on gov't demands for user data... ACLU
Launches Smartphone App To Secretly Record Police Stops... 'Homeland
Security' Report Lists 'Liberty Lovers' As Terrorists... Greece to
present debt inspectors 'alarming' data... France Faces Major Test as It Enters
'Danger Zone'... Cyprus
starts bailout talks with EU, IMF...
Ex-President
Sarkozy's home, offices raided by police...
7-2-12 Factory
output at three-year low... Survey
reports large decline in activity...
ECONOMIST:
75% of Obamacare costs to fall on Americans making less than $120,000 a year...
Gov. Scott
Says FL WILL NOT Comply with Law... UPDATE:
ROBERTS SWITCHED VOTE... Republicans
see way to repeal...
REPORT:
White House salaries grow...
Obama
campaign fundraising -- off heat wave?
NO LIGHT IN
SIGHT... ON YOUR OWN:
During Virginia storms, 911 system failed for 48 hours... DAY 3:
Millions Still Without Power... 'CATASTROPHIC'
DAMAGE TO POWER GRIDS... 'Unscheduled
Leave' For Federal Workers... Newt
Gingrich: 'Mild Taste of What an Electromagnetic Pulse Attack Would Do'...
6-29-12
SECRET
WIRETAPS ROCK DOJ... CLOCK
TICKING ON HOLDER... Republicans
vow court action; demand documents... HISTORIC:
House could arrest Attorney General...
6-28-12
MICHAEL
SAVAGE: 'ROBERTS EPILEPSY MEDICATION AFFECTS HIS COGNITION'... FLASHBACK
NYT: Roberts drugs 'can have troubling side effects, mental slowing and
forgetfulness'... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
SUPREME
COURT RULES: OBAMACARE
STANDS... Mandate
survives AS A 'TAX'... Chief
Justice Roberts joins left of the Court... 'It is not
our role to forbid it, or pass upon its wisdom or fairness'... .PDF OF
OPINIONS Dissent: 'We
Cannot Rewrite the Statute to Be What It Is Not'... FLASHBACK:
Obama: Mandate is NOT A TAX... VIDEO...
RUSH
LIMBAUGH: 'WE NOW HAVE THE BIGGEST 'TAX' INCREASE IN HISTORY OF THE WORLD'...
21 TAX
INCREASES...
Did Justice
Roberts change his vote at last minute? George Will:
Conservatives' consolation prize... Republican
governors vow to ignore Obamacare... HOUSE REPEAL
VOTE SET FOR WEEK OF JULY 9... Speaker
Boehner: 'Ruling underscores urgency'...
6-27-12
Contempt
vote on Holder will proceed... ...last-minute
talks fail Black
lawmakers plot 'walkout strategy' during vote...
28.9%
unemployment rate in Yuma, AZ...
Merkel
dismisses Spain, Italy pleas for aid...
'EPIC'
WILDFIRE RAGES IN COLORADO... 300+ Homes
Burned... Obama Shrunk
Aerial Firefighting Fleet...
6-26-12 ZIMMERMAN
PASSED POLICE LIE DETECTOR... REPORT...
Stockton, CA
braces for bankruptcy...
HOLDER:
'It's Going to Get Really Busy on Thursday, Apparently'... Hoyer: Some
Dems Will Vote For Contempt...
Brewer:
White House tells Arizona to 'drop dead'...
MO Dem Sen
to Skip Party's Convention... FLASHBACK:
Obama's 'most reliable surrogate' in 2008... ANOTHER: GA
Dem. Rep. to Skip Convention...
PENTAGON
HOLDS FIRST GAY PRIDE EVENT...
ANOTHER ONE:
Cruise Ship Steward Sues Travolta...
6-25-12 BOOK: Obama
Team Squandered Chance For 'Peace' in Afghanistan...
GALLUP: 44%
Can't Name Obama's Religion?
BAM: SUPREME
COURT TO RULE OBAMACARE ON THURSDAY... BOOM: HOUSE
VOTE HOLDER CONTEMPT ON THURSDAY...
SHERIFF
JOE: 'I'M NOT STOPPING ANYTHING'
Stockton, CA
faces midnight deadline to avert bankruptcy...
Obama Booed
At Boston Fundraiser After Mocking Red Sox Trade...
BREWER:
'Assault' on AZ continues... Romney:
States have right to secure their borders... Scalia warns
of 'evil effects of illegal immigration'...
Putin to
Israel: Don't rush to strike Iran... 'Look
at what happened to Americans in Iraq and Afghanistan'...
Jimmy Carter
Accuses USA of 'Widespread Abuse of Human Rights'...
U of Chicago
Prof wants to shelve Obama library idea...
6-22-12 GREEKS
KICKED OUT OF EURO! EU Battle
Spills Off Soccer Field... Merkel
heckled... New Greek
finance minister hospitalized after fainting... Support
growing for return of Deutschmark...
AMERICAN
NIGHTMARE: SANDUSKY CONVICTED ON 45 COUNTS OF CHILD SEX ABUSE... BAIL
REVOKED... { Sweet sandy, the
‘frolicking funloving manchild’ (defense version), will have plenty of time for
cornholin’ except, who’d let him and who’d want him. }
6-21-12 GALLUP:
OBAMA FALLS TO 43%...
Housing
market hits 15-year low...
MOODY'S
DOWNGRADES THE BANKS
Unlike
2,000-Death Count in Iraq, ABCNBCPBSMSNBC Skip 2,000 Marker in Afghanistan...
Retiring
Dem: 'The People Have Gotten Dumber'... Sandusky's
son says his father abused him... Judge Bars
Media From Reporting Verdict Until Court Is Adjourned...
Italian PM:
We have a week to save eurozone... Starving
Greeks line up by the thousands for food handouts...
6-20-12 THE LONGEST
DAY: EXECUTIVE PRIVILEGE
House panel
votes Holder in contempt... FULL HOUSE
TO VOTE NEXT WEEK... OBAMA
REFUSES TO TURN OVER 'FAST AND FURIOUS' DOCUMENTS... PELOSI: 'I
could have arrested Karl Rove on any given day'...
Obama Spends
More Than He Raises... Team shrugs
off campaign criticism... Another
Hollywood Fundraiser?
SHOCK: $9
Billion in 'Stimulus' for Green Projects Created Just 910 Jobs!
6-19-12 PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... http://albertpeia.com/wobamaschoomgangfantasy.htm }
LEAK: USA,
ISRAEL CREATED 'FLAME' VIRUS AIMED AT IRAN
Issa to
Holder: Get ready for contempt vote... Negotiations
stuck on getting documents...
Greece's
ailing economy grinds to halt... Companies
can no longer afford to pay employees... French
business frustration boils over... Spain and
Italy to be bailed out...
THERE HE
BOWS AGAIN: OBAMA MEETS MEX PRESIDENT...
Anti-Romney
protesters paid to heckle?
FEDS STIKE OUT AGAIN:
Baseball's Clemens acquitted of all charges... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
PALIN: DRUDGE HISTORY...
Joe McGinniss Sarah Palin Book, 'The Rogue,' Makes
Controversial Claims About Former Alaska Governor ‘Joe
McGinniss's new book, The Rogue: Searching for the Real Sarah Palin ,
hits bookstores next week, but its controversial claims about the former Alaska governor are
already making waves.
In the book,
McGinniss writes that Palin had a one-night stand in 1987 with future NBA basketball
player Glen Rice nine months before she married her husband Todd. He quotes a
friend who said Palin "had a fetish for black guys for a while."
"She was
a gorgeous woman. Super nice. I was blown away by her," Rice tells
McGinniss in the book, NBC reports. "Afterward, she was a big crush that I
had."
McGinniss's
book also alleges that Palin had an extramarital affair with her husband's
business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a
55-gallon oil drum while snowboarding.
"An utter
fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book with NBC.
"At best,
she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At
worst, she's a vindictive hypocrite."
McGinniss
famously moved into a house next door to Palin's Wasilla, Alaska home
to write his book -- prompting the Palins to accuse him of stalking them. They built a high fence along their property to protect their
privacy.
In response to
McGinniss's book, Todd Palin gave a statement to NBC saying that McGinniss "spent the
last year interviewing marginal figures with an axe to grind in order to churn
out a hit piece to satisfy his own creepy obsession with my wife."
"I'd ask
the fathers and husbands of America to consider our privacy when one summer day
I found this guy on the deck of the rental property, just 18 feet away next
door to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss says
that anything he learned about Palin by living next door did not make it into
the book, but he does become a character in the story himself.
The New
York Times writes in its review :
Soon
Mr. McGinniss is settling in to enjoy the fuss his mere presence has created.
"Normally, for a news story to continue beyond the first 24-hour news
cycle, something newsworthy must occur," he writes loftily, but "The
Rogue" is filled with proof to the contrary. What was his hate mail like?
He quotes it. What did Glenn Beck call him? That’s here too. Who took umbrage
at this venom and chose to help him? One man offered him a hideout, despite Mr.
McGinniss's slight skepticism about his motives. "But you don’t know
me," Mr. McGinniss protested.
McGinniss's book is scheduled to hit bookstores on
Tuesday, Sept. 20.’
The
Rogue: Searching For The Real Sarah Palin' Cover Revealed Call it Palin Noir. Joe McGinniss' upcoming biography
of Sarah Palin has a cover design more fitting for a detective novel. It has a
bold...
Joe
McGinniss, Palin Neighbor & Author, Leaving Wasilla To Write Book ANCHORAGE, Alaska — Sarah Palin can take down the
fence. Palin's neighbor of three months on Wasilla's Lake Lucille, author Joe
McGinniss, is packing his...
Bristol Palin Interview Accidentally Reveals Mother's 15
Abortions www.theonion.com
6-18-12 Bloomberg
Overheard Saying Romney Would Be Better at Running Country than Obama { Indeed,
because it’s true! } ...
'MODERN-DAY
NOSTRADAMUS' WARNS U.S. OF DOOM { One doesn’t have to be a modern-day
nostradamus to ‘read these tea leaves’! }...
EU
commission president blames crisis on US banks { Yeah! Wall street frauds to be
more exact and a ‘save the ever-more worthless dollar’ mindset/approach by the
u.s. government. Really! But, europe has proven to be dumb as rocks! } ...
6-15-12 Obama
bundler in Chicago goes all in for Romney...
Foreign
holdings of US debt hit record high...
BIDEN:
'Great' cities in China, not America anymore...
REPORTER
INTERRUPTS OBAMA! PRICKLY IN
ROSE GARDEN... PRESIDENT
SCOLDS: 'I didn't ask for argument'... But doesn't
take questions -- again! EDITOR:
'A reporter's job is to ask questions'...
OBAMA TO
GRANT IMMUNITY TO YOUNG ILLEGALS... FLASHBACK:
'The notion that somehow, by myself, I can do these things, it's just not
true'... Joy and
anger... SHERIFF JOE:
'They will still be arrested'... Gov. Jan
Brewer Blasts 'Backdoor Amnesty' Move... LIMBAUGH:
'Open Borders Friday'...
FACEBOOK
Told Regulators IPO Range Was Near Fair Value…{ Riiiiight! }... Burglaries
rise as Greeks hoarde cash... Central
banks prepare for turmoil... EGYPT VOTES
AMID CHAOS
Los Angeles County courts
begin downsizing …{For all their ‘legitimacy’ (my personal experience), it’s a
real shame they couldn’t be abolished outright! } ...
Man arrested
for public sex with teddy bear -- for fourth time...
BURGLARS
BREAK IN, BITE OFF VICTIM'S EAR...
6-14-12 Germany
sounds crisis alarm as Italy, France demand progress... Greek health
system crumbles under weight of crisis... Working Without Pay... ELECTION:
Decisive Moment...
Obama Speech
Gets Thumbs Down From Political Press?
CHAOS IN
CAIRO: MILITARY CLAIMS CONTROL... A sense of
dread... ...coup d’état Biden
Praises 'Arab Spring' on Same Day Egypt Dissolves Parliament...
Witness
details shower encounter in Sandusky sex abuse trial... 'Tickle
Monster'... Should have
been charged in 1998...
6-13-12 Fears rise
over EU handling of debt crisis... Greeks Withdraw $1 Billion a Day
Ahead of Vote...
CASINO BOSS
BETS $10M ON ROMNEY!
CHINA VOTED
TOP ECONOMIC POWER ON EARTH...
SLAP: RUSSIA
DEFENDS ARMS SALES TO SYRIA
MAG: Is
legalizing weed Obama's October surprise?
GERMAN MEDIA
TURNS ON OBAMA...
Unions
organizing -- unemployed...
COPS: Naked
Man High On 'Bath Salts' Tries To Attack 3-Year-Old Girl On Miami Beach Playground...
6-12-12 DEFICIT
DOUBLES IN YEAR POSTAL
CHIEF: We're headed for Greece...
SPIKE LEE
WORRIED ABOUT OBAMA'S RE-ELECTION CHANCES { Duh! C’est la vie, fait accomplis!
Incompetent wobama the jive-talking grifter/con-man is done! } ...
'People
ain't got jobs, people are hurting'...
POLL: Obama
rapidly losing support among black voters { GOP: Don’t believe this, and don’t
count on it! Wobama will get near 100% of the black vote based on skin color
alone and for no other reason whatsoever! } ... White
support cracking... Jewish
support in NY drops 22% -- in 1 month! UNION
MEMBERS BAIL...
IMF chief
Lagarde warns world risks triple crisis...
NEXT: Worry
for Italy Quickly Replaces Relief for Spain... Trevi fountain
crumbling 'for lack of maintenance'... EU Mulls Worst-Case Scenarios If
Greece Leaves Euro... Spain deal
'will come apart in less than a month'...
6-11-12 DYSPHORIA:
Dow spooked over 'Spailout,' drops 143 points...
NET WORTH OF
AMERICAN FAMILY FALLS 40% IN 3 YEARS... HOUSE SETS
CONTEMPT VOTE ON HOLDER... BOEHNER:
'Justice Department out of excuses'... Issa expects
31 Dems to join... FLA
TO SUE FEDS OVER VOTER PURGE
REPORT:
ITALIAN BANK DECLARES 'HOLIDAY'...
Bernanke
Bonds: Fed's Holdings of US Debt Soars 452% under Obama... Eurozone
agrees to lend Spain up to $50 billion $125 billion...
WATCHING YOU
Obama
campaign's data mining 'reaches far beyond anything politics has ever seen'...
'Obama Girl'
won't endorse Obama!
KARZAI
COMPLAINS: US failed to consult Afghans on airstrike... Veiled
suicide bomber kills 4 soldiers...
'Canadian
cannibal' sent videos to 'fans'... Did he
strike in Miami, too?
For election
favor, Obama looks to Merkel, again... Seeks to woo
Hispanics... Lanny Davis:
Vicious People Working For President...
WITNESS: 'I
was his girlfriend'... 'Victim No.
4 describes 'soap battles'...
6-8-12 UPDATE:
S&P keeps US rating unchanged, outlook 'negative'... Obama Backs
Off Comment 'Private Sector Is Doing Fine'...
IT'S BAD
Don Rickles
Shocks Hollywood Crowd with Obama Jokes... 'He
was over to the house yesterday, but the mop broke’ {I think Don Rickles may be
exagerating a bit because obama is strictly a lawn jockey}'
DETROIT
'BROKE IN 1 WEEK'...
Argentina
loses third of its dollar deposits... ...foreign
exchange restrictions
'FACEBOOK
Funds' Plunge... UBS May Have Trading Loss of $350
Million...
REPORT: UN
to take up 'global Internet tax' proposal … [ It is unfathomable that anyone
takes such a failed organization as the u.n. seriously; they’re a costly,
extravagant, waste of money! Any costs so leveyed should be deducted from dues
foolishly and wastefully paid to the u.n.. Time to abolish the u.n.! ] ...
REPORT: High
school cancels Hollywood producer's grad speech over 'right-wing' views...
6-7-12 Unemployment
in Greece hits 22%... SPAIN: SAVE
OUR BANKS OR BREAK EURO... Germany Finalizing Face-Saving
Deal... Long lines
at pharmacies in Greece... France cuts
retirement age -- TO 60... US blamed
for on-going massacre in Syria...
Holder
Claims Emails Using Words 'Fast and Furious' Don't Refer to Operation 'Fast and
Furious'... REPORT:
'Mole' inside DOJ...
HALPERIN:
DEMS NOW BELIEVE OBAMA COULD LOSE
Duh! Truth be told, as I’ve already told it on my website, that is ‘fait
accomplis’! }
ROMNEY
CASH HAUL TOPS OBAMA... 'Gender gap'
narrows... SHOCK POLL:
ROMNEY AHEAD IN MICHIGAN { This should come as no surprise inasmuch as Michigan
has suffered under the hapless wobama while becoming blacker with all the
negatives entailed therewith. Michigan’s prospects along with the suffering
rust belt as with the rest of the nation will only be enhanced by Romney’s
Presidency! } ...
Black Rock:
'We Ignore the President's Whiteness, But It's There' { This election, wobama’s
blackness won’t be ignored! } ... PELOSI:
Health law represents 'life, liberty and pursuit of her’s and wobama’s
happiness'... POLL: Large
majority want Supreme Court to overturn...
Bill Clinton
'very sorry' for saying Bush tax cuts should be extended...
UPDATE:
Senator Demands Inquiry Into Attacks on Conservative Commentators...
6-6-12 GREECE RUNNING OUT OF CASH
France cuts
retirement age -- TO 60... Germany Finalizing Face-Saving Deal
for Spain...
UH O... WALKER WINS
[AGAIN]... 'RECALL'
DEFEAT SPELLS DOOM FOR PUBLIC SECTOR UNIONS... Voters in
California Back Pension Cuts for City Workers... ROMNEY:
'TONIGHT'S RESULTS WILL ECHO BEYOND BORDERS OF WISCONSIN'... 'PULITZER'
NEWSPAPER MOCKS DRUDGE FOR INFORMING READERS... MEDIA BLOWS
IT... 'Kill Scott
Walker': Angry libs flood TWITTER... WASHPOST:
7-point victory 'close vote'...
Pelosi:
Ghosts of past women leaders spoke at White House meeting...
Stocks rise
on hopes of new Fed pumping... 'Very
Worried' About EU Banks...
Debt Per
American Set to Triple in a Generation to $147,000... CLINTON: USA Already in 'Recession,'
Extend Bush Tax Cuts... WHITE HOUSE:
Nope... BUBBA: 'I
didn't have any idea' undermining Obama's campaign message...
VANITY FAIR:
'HE DOESN'T NEED PEOPLE'...
Four years ago, Barack Obama
said he wanted a Lincoln-esque “team of rivals” in his Cabinet. Thanks to his
own temperament, the modern White House, and the 24-hour news cycle, what the
president has created is something that doesn’t look Lincoln-esque at all. {
Come on! Does anyone at this point take anything wobama the b for b***s***
says, past or present, seriously? He’s total b***s***, end of story! }
6-5-12 ROMNEY:
Obama holding onto shares of GOV'T MOTORS to avoid embarrassment of big
losses... Gov't Down
$16B on Bailout...
EXIT POLLS:
CLOSE, BUT NO 'RECALL'
WI EXIT POLLS: REMATCH SIMILAR TO ELECTION 2 YEARS
AGO, SOURCES TELL DRUDGE... '5 POINT MARGIN'... DEVELOPING... White House
downplaying... WASH POST:
'Makeup of voters appears very close to original 2010 contest'... VOTER
SHOWDOWN: DEMS CRY FOUL... Hundreds
Report 'Photo ID' Issues... 400 Lawyers
At The Ready... Report:
'119%' Voter Turnout in Madison...
'Remember
Me? I'm the Only Guy Who Gave You Four Surplus Budgets ( THANKS TO THE PEACE
DIVIDEND! PEOPLE MUST GET THAT REALITY/TRUTH THROUGH THEIR WAR-MONGERING
SKULLS! )'... USA Already in 'Recession,' Extend
Bush Tax Cuts... DICK MORRIS:
'He Does Not Want Obama to Win'...
FREEFALL
CONTINUES... FACEBOOK 'worth
a look' --
at $20! MORGAN STANLEY Lending Shares to
Sell Short...
Jackson
Browne cools on Obama...
6-4-12 EVEN MAUREEN
DOWD BEGINS TO TURN
Debt Has
Increased More in Last 15 Months Than First 97 Congresses -- Combined!
Obama Gets
'Left' Behind; Libs Turn... NYT: Weak
Economy Points to Obama's Constraints... Jon Bon Jovi
Gets A Ride On Air Force One... Hispanic
unemployment jumps to 11% in US... S&P down
10% since April... Japan's Debt
Sustains Deflationary Depression... FACEBOOK 'will disappear'... Buyers'
remorse for California's 'bullet train to nowhere'...
War in White
House: Holder and Axelrod 'had to be separated'...
Tokyo
Stocks Hit 28-Year Low Amid Global Rout... FUTURES... Euro Zone
Nears Moment of Truth on Staying Together... SOROS WARNS: 3 MONTHS... Spain Seeks
United Effort on Banks; Pressure Builds on Merkel... The week
Europe stopped pretending... Retirement
Age '80' After Crisis?
BULLS, BEARS
OR BUST? REPORT: Air
Force drone spied on US soil...
6-1-12 MAY MESS:
UNEMPLOYMENT GOES UP ... STOCKS COLLAPSE... Weak US Job
Growth Threatens World Economy... This Summer 'Eerie Echo' of
Pre-Lehman...
HELL DAY Obama has
big plans for when Republican 'fever' breaks... HAS OUTSPENT
PAST FIVE
PRESIDENTS... Bill
Clinton: Romney's Business Record 'Sterling'...
Top Italy
banker says risk of euro breakup growing...
5-31-12 Geithner
warns Spain... TIME BOMB: Banks Pressured To Buy Up
Government Debt...
UPDATE:
China and Japan to begin direct currency trading...
Stocks Post
Worst May Since 2010... Anxious June...
5-30-12 Investors
flee Spain as financial crisis spirals... 'Total emergency'... France to
cap top pay... French irked
by EU use of English... MOODY'S
downgrades Danish banks...
MORGAN
STANLEY CEO defends FACEBOOK IPO conduct...
'WE'RE NOT
MAKING A BOMB'
Bilderberg
Launches Unprecedented Security Crackdown... Talk
of machine guns & surveillance spooks hotel guests... Rockefellers
and Rothschilds unite...
5-29-12 FACEBOOK
FREEFALL CONTINUES... Stock sinks
below $29... 'Worst IPO
in decade'... SHOCK
REPORT: 40% of social media accounts ARE SPAMMERS...
Home Prices
Hit Fresh Lows...
Biggest
Greek bank warns of dire euro exit fallout...
Romney
Campaign Hits Obama On SOLYNDRA... Carney
Struggles With SOLYNDRA Questions... Holder to
brief black pastors on campaigning for Obama... 'BATH SALTS'
TRIGGERED BLACK SOUTH BEACH CANNIBAL
NASA to
future moon explorers: Don't wreck our fake Apollo landing sites fiction... 'Biggest
collapse of law firm in U.S. history' as DEWEY & LEBOEUF goes under...
Warning
signs for Obama on path to electoral votes...
NOONAN: Romney's Moment...
LLOYD'S OF
LONDON preparing for euro collapse... Switzerland
draws up action plan... Greece says
public finances face collapse...
GOOGLE
GRABS SECRETS OF PRIVATE LIVES... Emails,
texts, photos, documents taken from wi-fi networks... Deliberately
stole information but 'covered it up'...
Congress
mulls letting UN regulate Internet… { What a total fraud and farce; to do
indirectly what the people and constitution would prohibit directly! How
pathetic! How indicative of decline! } ...
Miami Police
Shoot Naked Man -- Eating Face Of Other Naked Man... 'Like a
rabid dog'... 'Tearing him
to pieces with mouth'...
ILLEGAL
KIDNEY TRADE BOOMS AS NEW ORGAN 'SOLD EVERY HOUR'...
5-25-12 Plans for
emergency immigration controls if euro collapses... Spanish bank
asks for biggest bailout in country's history... Fear Seen in
Money Transfers... Faber: Chance of Global Recession
Now 100%...
ZUCKED UP:
CITI LOSES MILLIONS IPO Seen
Deepening Investor Distrust of Stocks... SEC eyes
Nasdaq...
Obama
Pot-Smoking 'Choom Gang'... Thanked drug
dealer, not mom, in high-school yearbook... Twice in 2
Days Mentions 'My Sons' -- even with Teleprompter...
340-pound
woman punches, pepper-sprays, spits on PIGGLY WIGGLY workers in bid to steal
food...
5-24-12 REAL DEFICIT
LAST YEAR: $5 TRILLION... REPORT:
Senate Dems pay female staffers less than male staffers...
HALF OF
DETROIT STREETLIGHTS MAY BE TURNED OFF ZUCKER BORN
EVER MINUTE: FIDELITY
facing 'thousands' hit by FACEBOOK woes... MORGAN
STANLEY STILL HAS
ISSUES... CITADEL Latest Firm to Report
'Significant' Losses...
Big European
funds dump euro assets... Investors Running Out of Safe
Havens to Put Money?
NIELSEN:
DRUDGE READERS MOST EDUCATED...
UPDATE:
Eurozone looks at Greek exit as leaders meet... Germans
ready to boot Greece out...
ARMING OF
DRONES IN AMERICA
Russia tests
new missile, in warning over U.S. shield...
Feds
questioned accused cocaine trafficker about Sharpton (the ‘cocaine diet’),
Diddy, Wyclef Jean...
BBC:
'Barcode Everyone at Birth' with 'implanted chips'... Bilderberg
Pushes Mandatory Internet ID for Europe... Bars using
new app and hidden cameras to scan customers' faces...
GOOGLE
chairman: 'We face fight for future of web'... One of Google’s most senior
executives issued a stark warning tonight that the power of the internet to
free some of the world’s most oppressed people risks being overturned by
autocratic governments who seek to “Balkanise” the web by controlling what can
be accessed… dictatorial regimes
were increasingly looking to control who has access to the web by “filtering
information they fear or prohibit.”…’
5-22-12 ZUCKED!
NASDAQ WOULD
HAVE PULLED STOCK.... THE $40
BILLION VANISH... MORGAN STANLEY Under Review... Massachusetts
subpoenas... Selloff Nearly Turned Into Bigger
Run... Stock Loses
18% of value... Investor
Sues... 'The
insiders got greedy'... 'They knew
the jig was up'... Zuckerberg
sell shares... FRIENDS:
OBAMA TOUTED FACEBOOK IN 'CAMPAIGN' TOWN HALL... DOOM:
FACEBOOK could destroy economy?
5-21-12
Bankers
Under Fire as FACEBOOK Slips 11%... 'No Bottom'... Fiasco Latest Blow to Morgan
Stanley... FACEBOOK
denies it aims to lift ban on under-13s joining... FACEBOOK
sinks deeper... $19
billion washout... Underwriters bail... Where are
friends? HOLLANDE
STEALS NATO SHOW... Skips Obama
speech... UPDATE: 43
Catholic organizations file lawsuits against Obama contraception mandate...
Sheriff Joe
sends detectives to Honolulu...
53,000 'Dead
Voters' Found in Florida...
5-18-12 Romney warns
economy is on 'path of California'... }Debt Up
$12,984 Per Household Since 2011 Spending Deal...
Underwriters
Stepped In to Support Shares at Offering Price... Trade
Disorder Plagues Nasdaq... Messy Debut... 'Disastrous'... SEC to probe
glitches... Zuckerberg
In '04: 'No Intention' Of Making Money...
FAKEBOOK:
IPO GIVES NO RETURN
NATO
protesters occupy Chicago streets... Police Raid
Apartment, Seize Beer-Making Equipment... 40 Fed
Agencies Man Secret Command Center...
5-17-12 'BORN IN
KENYA'
How did the
mainstream media miss this? Obama
Literary Agent Says 1991 Booklet was 'Mistake'... EUROPE
ROCKED BY SPANISH BANKING CRISIS...
New French
government takes 30% pay cut...
NO ESCAPE:
DEMS WANT TAX FOR LEAVING USA... 'Ex-PATRIOT
Act'... UPDATE:
'Mystery object' that nearly caused mid-air collision believed to be drone... STUDY: 96%
of restaurant entrees exceed USDA limits... Feds fine
Utah school for accidentally selling soda at lunch...
5-16-12 Obama's
budget goes down in flames... Unanimously
rejected by Dem Senate... Fails to get
single vote anywhere in Congress... Even labor
unions oppose... Warning
Signs For Obama -- in Wisconsin? Wall Street
goes bearish on stocks Insiders
Cashing Out... White jogger
'randomly' gunned down in broad daylight... COPS: May
have been gang initiation or dare...
Judge
Napolitano: First Patriot To Shoot Down A Government Spy Drone 'Will Be A
Hero'... 'VULTURE
FUNDS' CIRCLE AS GREECE FEARS GROW...
5-15-12 Obama worth
up to $10 million... Has up to $1
million with JPMORGAN... Stimulus
funded erectile dysfunction studies... POLL: ROMNEY
LEADS WITH WOMEN... WH called
out for skipping female reporter at press briefing...
BANK RUNS
HIT GREECE Merkel and
Hollande join forces on Greece... Europe
prepares for 'messy' exit... Little
country threatens big impact... Italy's
banks shaken; Slump deepens...
Zimmerman
Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting...
Couric gets
the princesses...
5-14-12 EU ON THE
BRINK... Euro Weakens
on Greek Exit Spec... Big Debt Payment Due Tuesday... Italian
banks DOWNGRADED...
WORLD
BRACES FOR EURO SPLIT
CBSNYTIMES
POLL: ROMNEY PULLS AHEAD BY 3... PAUL OUT...
ALERT: Euro
Officials Begin to Weigh Greek Exit...
Fear grows
of Greece leaving euro... Will 'run
out of money soon'... Moment of
truth... Euro Parity With the Dollar? If Greece
goes... who and what would be next? Turmoil
boosts London property stampede... IMF
concerned about Kuwait's finances?
CRUSHING
DEFEAT...
3 to Exit
J.P. MORGAN After Shock Losses... Dimon
Remains... Obama:
JPMORGAN 'One Of The Best-Managed Banks' {by failed president wobama standards
which of course is no standard at all}... Anti-capitalist
protesters storm campaign HQ building...
UPDATE:
230,000 unemployed lost benefits over weekend... CA DOWN
$16B... BROWN WARNS
OF BIG CUTS... 'Worst
recession since 1930s'... Obama pushes
new billion-dollar stimulus plan...
NBC ADDS
SITCOM FROM OBAMA SPEECHWRITER...
5-11-12 B A C K L A
S H: POLL:
ROMNEY 50% OBAMA 43%...
Stocks Worst
Week of Year... JP MORGAN
Dimon: 'We Screwed Up'... $2 Billion
Loss... Credibility
at stake... Fed
'Investigates'... http://albertpeia.com/fedponzifails.htm http://albertpeia.com/fraudulentfedhasfailed.htm
MSNBC Anchor Cuts off
Contributor's Mic over Romney Defense... 'You're
in my house, now'...
CLINTON: O'S
AN 'AMATEUR'... BOOK: Bill
urged Hillary to quit Cabinet, run in primaries... Obama's Own
Doctor Slams ObamaCare as 'Failure'? BEACH BOYS
SINGER: 'Obama's a Socialist A**hole'... FACEBOOK
CO-FOUNDER GIVES UP U.S. CITIZENSHIP BEFORE IPO...
Talkradio
host found shot to death inside home...
Police Sent
To Collect Overdue Library Books From 4-Year-Old Girl...
Shopping
Mall Requires Teens To Be With Parents After 6 PM...
Chicago
Officials Ban Food, Drinks, Backpacks On City Trains...
NSA, GOOGLE
SPY TIES 'CAN REMAIN SECRET'
GOOGLE
starts mapping indoor locations!
Air Force
Document: Drones Can Be Used To Spy On Americans...
5-10-12 Obama:
'Sometimes I Forget' Magnitude of Recession…{ Oh! How conveniently forgetful,
though the vast majority of americans don’t have wobama’s luxury of feigned
amnesia suffering from what wobama did and didn’t do contrary to promises last
time around the perpetual campaign trail littered with his typical jive-talking
b***s***! The following headline will help him remember some of his sordid,
pot-clouded high school past! }... FLASHBACK:
Obama's Sordid High School Past... By Ben Shapiro ‘While the Washington Post pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama, by all accounts, was a
habitual drug user in high school. He tried cocaine, he admits in Dreams From My Father Chicago Tribune Honolulu Advertiser New York Times bit
part ” in Obama’s youth. Yet Obama would later brag on the campaign trail
that he “inhaled frequently … that was the point.”During his high school years,
Obama hung out with communist radical Frank Marshall Davis; in 2007, the Los Angeles Times Post Ben
Shapiro is Breitbart News Editor-at-Large. Follow him on twitter @benshapiro . Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy bullying an innocent little girl,
young Obama readied himself for round two by eating a Golden Retriever. More on
this breaking story here .If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.Washington
Post Disgraces Itself By Targeting Romney's 'Anti-Gay' High School Pranks by Ben
Shapiro { It is true! The once great now failed newspaper, the washington
post, is an absolute disgrace! But a shadow of its former self, the post is
biased presumably owing to shared desperation with the failed president wobama
in return for access. So egregious had the bias become wherein ‘sensitive’ commentary
antithetical to wobama and his, seldom seemed to work/post properly; and, then
of course, the post’s pro-wobama perpetual darkness-induced blind
‘constituency’. I stopped posting there and have not visited their site since
nor will I ever again. A rather pathetic swansong / end / wind-down / final
chapter for what was once a great newspaper for which I had the utmost regard
and respect! } Obama WILL
NOT pursue gay marriage as part of party platform... STONE: 'Playing a cruel and cynical
game'... Unites Republicans ? New Black
Panther Niggers Plan Newspaper Cover With Zimmerman In Noose { and civilized
people everywhere should respond with niggers in nooses and contributions to
the Klu Klux Klan! } ... LOONEY
CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO – Meanwhile, looney clooneyland
ain’t doin’ so well with the niggero model – see next headline! ... Failed Wobama model illustrated:
16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Postal
Service loses $3.2b in first quarter... 78% of California
8th graders fail national science test...
5-09-12 Fed clears
China's first US bank takeover...
324,000
Women Dropped Out Of The Labor Force -- In Last 2 Months!
EVOLUTION:
OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex
romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood
has come out in favor of gay marriage saying he doesn’t give a f**k… good for
you Clit; spoken like a true egalitarian. Truth be told, I always liked those
spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly;
and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films
boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I
also don’t give a f**k regarding gays living their lives as they wish, with
full constitutional protections consistent with their presumed law-abiding
lives, particularly in a world like this, such as it is. But, that doesn’t mean
the ‘state’ must get behind (no pun intended) same. There are few if any legal
statuses that can’t be achieved through legal document, ie., adoptions, trust
beneficiaries, etc.. Marriage, procreation, the province of a man/woman
relationship has always been a given. Also interesting was the take on same by
reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of
needs, etc., needs no introduction) who wrote and posited that homosexuality was
physically, anatomically contraindicated. Again, let me reiterate a live, let
live position while cautioning against the state getting behind (again, no pun)
same and potentially giving young, pubescent, impressionable boys the idea that
penises were made for male a**holes and not female vaginas . ] ... OBAMA ADMITS
FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why he
supported the grotesque bail-out of the banking system and why he will always
put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv } Raises $1
Million in 90 Minutes... GAWKER:
Bulls**t Announcement... LAWYER: MORE
Travolta accusers coming forward...
5-08-12 GALLUP:
ROMNEY RETAKES LEAD... UPDATE:
Empty seats haunt Obama...
VOTED OUT!
AFTER 36 YEARS IN SENATE...
HOUSE TO
VOTE ON ‘DEFENSE OF THIEVING NIGGERS TRAYVON LAW’... Would cut
funding to states with self-defense laws {only criminals can offensively use
weapons}...
Over 1300
Tubes Damaged at Ailing San Onofre nuke plant...
Vague
'evolving' gay marriage stance under scrutiny...
Reporters
'laugh at' flustered WH spokesman...
John
Travolta sued for $2M by masseur 'over sexual assault'... REPORT:
Second Male Masseur Files Suit… {Star of gotti biopic outed after years of
innuendo, suspicion; did gotti have a secret life beyond what we’ve been told?
Naah…it was probably that tony manero guy that always seemed more interested in
dancin’ than *******! Travolta, the avowed scientologist, should have hooked up
with latent gay wobama…better security!}...
5-07-12 GALLUP:
ROMNEY RETAKES LEAD...
Labor Force
Participation Lowest Since 1981... Disability
applications soar... Gloom builds
for euro zone, United States.. OBAMA OPENS
TO EMPTY SEATS... REPORT: DOJ
fails to nail Wall St. bigs... No. of
corporate securities and bank fraud prosecutions at 20-year low…[ wobama/holder
jive-talk/b***s***, corruption, cowardice! You remember all that campaign
rhetoric of yesteryears election. ]... Oil Prices in Free Fall as Worries
Spur Selling...
OBAMA
CAMPAIGN LAUNCH IN HALF EMPTY STADIUM? Taliban
STRONGER than before U.S. troop surge?
Space
weather expert has ominous forecast...
FRANCE TURNS LEFT... Battle with
Berlin... EU DRAMA... Sarkozy
latest victim of anti-incumbent backlash... Hollande:
'My real enemy is world of finance'... Obama
invites to White House... New First
Lady nicknamed 'Rottweiler'... Wealthy eye
move across Channel... Euro
Weakens...
NEW WARNING:
42% OBESE?
5-04-12 UN: USA
should return stolen land to Indian tribes...
Anemic jobs
data hit Obama launch; Official campaign starts under shadow... Labor Force
Participation Lowest Since 1981... Disability
applications soar... Gloom builds
for euro zone, United States.. Oil Prices in Free Fall as Worries
Spur Selling...
Paul Ryan:
Obama's 'Julia' website 'creepy' and 'demeaning'… {Ryan forgot to say
‘pathetic’!}...
5-03-12 UPDATE:
Arrest made in black-mob attack on whites... Romney team
sees path to winning presidency…{Indeed! Congratulations President Romney and
First Lady Ann!} ...
Americans
flee banks for home safes {Sounds like a plan!}...
Young
Italians flock to become shepherds... Spain's
poorest region suffers 32% unemployment...
UPDATE:
Russia threatens to strike NATO missile defense sites… { And, they mean it!
Why? Potentially, the same would remove the mutually assured destruction (MAD)
deterrent; and hence, is construed as a provocative, offensive gambit. Folks,
at this point particularly (remember: decades at best), but at any point, such
attempts to remove such destructive balances as deterrent is foolish to the
point of being construed as insanity. As stated in that film of the aposite
name ‘War Games’, ‘best not to play!’ } ...
Student's
ordeal in DEA jail sparks outrage...
Chinese
Activist Makes Plea to U.S. Congress... Obama under
fire...
BLIND CHINESE ACTIVIST: THE PERFECT NEW
AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND! US
Using Staged “Blind Activist” Stunt For Leverage Ahead of Talks
Prisonplanet.comWhy
Is It Necessary For The Federal Government To Turn The United States Into A
Prison Camp?
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because
the vast majority of
americans are inherently criminal, with the highest crime rates in the world
among the so-called ‘civilized’ nations (you can’t count the niggers of
sub-saharan africa as civilized, and there’s no question but that the niggers
have disproportionately skewed the american crime rates, particularly violent
crimes, higher); including, from my direct observation and experience, that
within all three branches of the u.s. government. Indeed, the (should be
prison) inmates are running this asylum called america. The reality is that
there are so many americans that are not in jail who
should be in
jail, it’s difficult to avoid these harsh third world
measures in what
has essentially become a third world nation overrun by
the most sordid, despicable criminals on e can imagine.
They must really prosecute the biggest criminals including the oligarchs as,
ie., the huge frauds on wall street, etc., and ‘bury’ the violent repeat
offenders, etc., without exception. The problem with america is not the
terrorist threat from without, but rather the plethora of inherently criminal
americans within. Moreover, the corruption is pervasive and systemic.
Unfortunately, crime pays in america and pays well; and, God help you if you
try to live within the law and get in their way or potentially cost them money
or some of their illegal business because no one else will. There’s criminal
control at all levels of american society. That’s the problem; with the
relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’.
That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that
pervades the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection, given some of the evil
things the government has done abroad; blowback being not entirely out of the realm
of possibility which ultimately is the sad consequence of the worst of human
nature which is invariably inclined to go too far in the worst way. The sad
fact is that as with any banana republic, the governmental powers that be go to
whatever nefarious lengths necessary (control by whatever means, at some level)
to unreasonably maintain their access to undeserved power, money, resources,
luxuries, etc., invariably to the
detriment of the vast majority as is so here in america today. There are very
few positive things that can be said of america today. I, for one, cannot think
of any at all! [ ‘america,
love it or leave it’? Love it? Truth be told, I don’t even like america! See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] }
OBAMA ADMITS
FABRICATING GIRLFRIEND IN MEMOIR { Latent gay man obama - ... Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv } ASKS: 'Why
black people so angry all the time'{ Short answer: because they were born
niggers! }... OBAMA: 'That
was an example of compression'...
NATO CHICAGO
STYLE: SHOOT TO KILL...
Student
drank own urine while feds left in cell for 5 days...
China
activist appeals to Obama to get him to USA...
CAMPAIGN
STOP: KABUL
1,275 U.S.
soldiers killed in Operation Enduring Freedom since president inaugurated... Fed Officials: US Economy Faces Risk
of 'Fiscal Cliff' At Years End... MILBANK:
Preezy making me queasy...
‘campaigner in chief… The preezy of the United
Steezy is making me queasy…According to statistics compiled for a book to be
published this summer, the president has already set a record for total
first-term fundraisers — 191 — and that’s only through March 6. Measured in
terms of events that benefit his reelection bid, Obama’s total (inflated in
part by relaxed fundraising rules) exceeds the combined SEALS SLAM
OBAMA FOR MAKING IT POLITICAL GOP SEN:
'Shame on Barack Obama'... FLASHBACK:
Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...
CHICAGOLAND:
Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a
plan!]... Campaign ad
says Romney wouldn't have ordered raid to kill Osama bin Laden …
[Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley car…There’s
documentation from reliable military sources that the ‘staged event’ for
political capital at a time wobama was generating record low polling numbers
did not in reality result in Osama’s death – there are also varying views, from
already dead, body on ice and reason for quick burial at sea, etc., see infra
]... http://albertpeia.com/binladendeadandonicesince2001.htm “Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) Veterans
Today
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
1. Osama bin Laden died in 2001 as an
active CIA employee and his body was recovered in Afghanistan and taken to “the
sand box.” We were told it was frozen. We have so much verification from this,
CIA, ISI, US military and top officials. I have a direct confirmation from Bin
Laden’s CIA handler who I grilled mercilessly on this.
2. The Abbottabad operation involved
numerous American deaths, witnessed, bodies all over, a helicopter crash.
(suppressed translated TV interview below) These bodies were recovered by land
vehicle from Islamabad and there was NO “successful” bin Laden operation of any
kind. There was and has been a CIA safe house in Abbotabad where terror
suspects were stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
We at VT were informed that the bin
Laden operation was staged at this time, a theatrical farce, to cover the exit
of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD
as Secretary of Defense and to stem any heroic claims by new CIA Director
Petraeus of killing the long dead Osama bin Laden, the long frozen CIA
operative.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers, getting
every last detail. I have watched what has gone on, the continuing need to
vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor
jurisdictions but heading for the ICC, putting them on the dock with Gaddafi (
a far less harmful character).
...
Read full article http://albertpeia.com/binladendeadandonicesince2001.htm
4-30-12 BARACK
BIZARRE: PRESIDENT JOKES ABOUT EATING DOGS?
'What's the
difference between hockey mom and pit bull? A pit bull is delicious'... 20 years
after LA Riots, 22 murders remain unsolved...
SHOCK CLAIM:
No housing rebound 'for a generation'... PAPER:
Obama's new slogan has long socialist past... Farrakhan:
Joining U.S. Military Is Fighting 'for the Enemy'.. WIRE: Obama
Fails to Stem Middle-Class Slide He Blamed on Bush... Jon Lovitz
scorches Obama again: 'President lying to get votes'... SEALS SLAM
OBAMA FOR MAKING IT POLITICAL GOP SEN:
'Shame on Barack Obama'... FLASHBACK:
Obama '08 Accused Clinton of Using Terror Leader To 'Score Political Points'...
CHICAGOLAND:
Teacher tells students NRA wants 'porch monkeys' to die…[Sounds like a
plan!]... Campaign ad
says Romney wouldn't have ordered raid to kill Osama bin Laden …
[Coulda…Woulda…If wobama’s grandmother had wheels she’d have been a trolley
car…There’s documentation from reliable military sources that the ‘staged
event’ for political capital at a time wobama was generating record low polling
numbers did not in reality result in Osama’s death – there are also varying
views, from already dead, body on ice and reason for quick burial at sea, etc.,
see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm “Bin
Laden” Heroes Probably Murderered to Keep Them Quiet ... Gordon Duff Veterans
Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) Veterans
Today
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today
‘The chance of
this story being true is almost nil. The chances of this being a staged coverup
is over 80%. We believe these people were murdered to silence them. This is
why.
We have solid
information on two areas:
1. Osama bin Laden died in 2001 as an
active CIA employee and his body was recovered in Afghanistan and taken to “the
sand box.” We were told it was frozen. We have so much verification from this,
CIA, ISI, US military and top officials. I have a direct confirmation from Bin
Laden’s CIA handler who I grilled mercilessly on this.
2. The Abbottabad operation involved
numerous American deaths, witnessed, bodies all over, a helicopter crash.
(suppressed translated TV interview below) These bodies were recovered by land
vehicle from Islamabad and there was NO “successful” bin Laden operation of any
kind. There was and has been a CIA safe house in Abbotabad where terror
suspects were stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
We at VT were informed that the bin
Laden operation was staged at this time, a theatrical farce, to cover the exit
of Secretary Gates, the move by former CIA Director Leon Panetta into the DOD
as Secretary of Defense and to stem any heroic claims by new CIA Director
Petraeus of killing the long dead Osama bin Laden, the long frozen CIA
operative.
Petraeus is a possible presidential contender and had
to be denied this “gift from heaven,” a fast track to the oval office for sure.
Again, I
remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The reason?
Bush and his cronies are all facing charges of war crimes, not just in minor jurisdictions
but heading for the ICC, putting them on the dock with Gaddafi ( a far less
harmful character).
...
Read full article http://albertpeia.com/binladendeadandonicesince2001.htm
Sarkozy on
defensive in bitter final election battle... Unease
grows... 'The Merkozy
era is over'...
4-27-12 PLUNGE:
GROWTH FALLS TO 2.2%... BIG DROP
FROM 4Q'S 3.0%... ANALYSTS
PREDICTED 2.6%... U.S. Firms
Add Jobs, but Mostly Overseas... Falling home
prices drag new buyers under water... Homeownership
Hits Decade Low... Spanish unemployment hits
record 24.4%... Republicans
prepare contempt citation against Holder... 'Obama
attempts to intimidate contributors to Romney's campaign'... http://albertpeia.com/obamaattemptsintimidationofcontributorstoromney.htm OBAMA SPIKES
FOOTBALL --
AGAIN!
4-26-12 More
Americans Than Projected File Jobless Claims... Employers add just 120,000 jobs;
lowest since October...
POLL: Young
People May Not Bother to Vote for Obama...
REPORT:
Michelle's Spanish Vacation Cost Taxpayers $467,585 [moochelle … what a typical
nigger … and as always, in your face, tauntingly so! They’re just typical
niggers who come november, will indeed be packing and gone by innauguration or
sooner which is not soon enough. ] ... Blue collar
Dems jealous, angry over lavish vacations... 'Fantasy' is
to walk out WH 'and just keep walking' [ That wish is granted! Start packing! ]
... Says she
won't run for president...
MOST
UNPOPULAR GOV'T IN 15 YEARS
Hawk Flies
Off With PLAYBOY Playmate's Puppy...
BERNANKE
CAMPAIGN PITCH: Don't worry, folks, it's all about to get much, much better... FLASHBACK
FEBRUARY: 'Increased Possibility of a Sudden Fiscal Crisis'... Romney would
boot Ben... [ Now we know the reason for bernanke’s pro-wobama politicking:
Reuters: Mitt Romney says he would boot Ben Bernanke - The Trail The likely
Republican nominee says, “I’d be looking for somebody new” to run the Federal
Reserve if he’s elected president. Romney criticized Fed Chairman Bernanke for
printing too much money in a bid to stimulate the economy. (April 25, 2012)
Drudgereport: Romney would
boot Ben...
'HIT THEM AS
HARD AS YOU CAN'... Senator
launches probe over scare tactics... VIDEO... Salazar: 'No
one knows' if US headed to $9 a gallon...
EPA
OFFICIAL: 'CRUCIFY' OIL & GAS COMPANIES
REPORT:
Zimmerman 'has black roots'...
RNC chief
asks for federal probe of Obama campaigning on taxpayer's dime...
Michelle
Hails Free-Contraception Mandate: 'We Made History'...
Student
Loans: The Next $1 Trillion Bailout?
Britain in
double-dip recession... Europe
'faces a Japan-style Lost Decade'...
'ECONOMIC
SUICIDE PACT'... Gov't gives
away money to turn spinach into energy... SENATOR:
Save USPS with wind farms... House Dem:
Unemployed Will Vote For Obama To Keep Their Benefits...
REPORT:
Mexicans flee Obama economy... NOT AMUSED:
Former SNL cast comedian calls Obama 'f***ing a**hole' over high taxes... As senator,
Obama skipped votes on student loan bill he now wants to extend... 'ARE YOU
BETTER OFF?' US home
prices drop for 6th straight month... 'A BETTER
AMERICA BEGINS TONIGHT'... 'Tonight is
the beginning of the end of the disappointments of the Obama years'... UPDATE:
Kidney donor wants organ back from ex-boss { This story is outrageous and
beyond words – the businesses of the victim’s ex-boss should be boycotted until
they’re out of business! } ... Immelt
defends GE's tax bill... Protesters
chant: 'Pay your fair share'... FLASHBACK:
GE Files 57,000-Page Tax Return, Pays No Taxes on $14 Billion in Profits...
4-23-12 MARCO AND
MITT... Rubio to
deliver 'major speech' on foreign policy...
SARANDON:
Denied WH security clearance; 'Under surveillance,' 'had phone tapped'… [ Wow!
‘Super Sue the Spy, Mata Sarandon’ – What about the ‘Jollie old ‘Salt’
Angelina? Oh, right … she loves ‘dem niggers … Maybe John’s not her father
after all … she acts like it … and those lips! ] ...
Iraq War Vet
of 3 Tours Shot Dead -- Outside CA Party... http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ]
IT'S MY
GOVERNMENT... OBAMA'S
MEDICARE SLUSH FUND MASKS OBAMACARE BEFORE ELECTION... Admin.
refuses to cancel spending...
NAACP
supports 'stand-your-ground' (but only when it favors a nigger) in domestic
abuse case ...
SET FOR
FREEDOM... Urged to lay
low amid threats... BAIL
GRANTED: ZIMMERMAN... MAKES
STATEMENT TO COURT... VIDEO... Wife
testifies by phone after threats... Trayvon
Martin family refuses meet with shooter...
4-20-12 Dem Sen
unsure if he will vote for Obama... MF Corzine
still bundling cash for prez... Scandals
sidetrack campaign... HARNDEN:
'Already in deep trouble'... Booed in
Boston... Zuckerman:
Economic Programs Have Failed...
GOV'T: Food
Stamp Rolls Explode By 70%... Record 5.4
Million Sign Up For Disability Under Obama... Growing
movement of squatters in USA... Noonan:
America's Crisis of Character...
BAIL GRANTED:
ZIMMERMAN... MAKES
STATEMENT TO COURT... VIDEO... Wife
testifies by phone after threats... Trayvon
Martin family refuses meet with shooter... DERSHOWITZ
BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT STUPID'... http://albertpeia.com/trayvonnewtawana.htm
BANG, BANG ‘…His
surprising testimony came the same day that ABC News exclusively obtained a
photograph showing the bloodied back of Zimmerman's head, which was apparently
taken three minutes after he
shot and killed Martin . The photo could give credence to Zimmerman's claim
that Martin had bashed his head against the concrete as Zimmerman fought for
his life…’
GOOGLE
FOUNDERS PLAN SPACE BIZ http://albertpeia.com/nsawhistleblowerspeaks.htm }
CBO: Food
Stamp Rolls Explode By 70%... POLL:
Obama's popularity abroad [and domestically] on wane... Romney
Visits Empty Factory to Mock Obama... SOLYNDRA
Building for Sale! OBAMA JOBS
PLAN: WORK AND GET UNEMPLOYMENT... VA's
Disability Claims Backlog Pushes 900,000...
THE FALL OF
SARKOZY? Panetta:
'We're within an inch of war almost every day'… [ Just the way the military
industrial complex likes it! ]... White House
denies 'deal' on Panetta commute... LA Schools
May Lower Graduation Standards To Curb Dropouts... http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm #11 California Has Some Of The Worst Schools
In The Nation Many families are
moving away from California because the public schools are absolutely
nightmarish. The truth is that California has some of the worst schools
in the entire nation. In the late 70s, California was number one in
per-pupil spending on education, but now the state has fallen to 48th place . ] NY
law would identify buildings with smokers... Bloomberg
Strikes Again... There
are many more examples of this "control freak" mentality. As I
wrote about recently , one California town is actually considering making
it illegal to smoke in your own backyard .’ http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Romney: No
Greek Columns This Time Around... Obama as a
Boy Ate Dog Meat [ And, you can bet there’s canabalism in his line; his father
being an african ape nigger and his mother a flaky whore; you know, that
typical type that schtooped niggers back in the day! ]... Obama
campaign tries to diversify... ...looking
to hire more African-Americans Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ... HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'... 'We do not
prosecute by public pressure or by petition'[B***S***!]... Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson Robin Givens Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply:Startover Reply:Eduard Reply:Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ... New Black
Panther Party chief of staff apologizes after radio outburst... 'The
things that's about to happen, to these honkeys, these crackers, these pigs'... Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]... RACE WARS: ZIMMERMAN BREAKS
SILENCE... Family
challenges Holder on New Black Panthers... Hacked
roadsign reads: 'Trayvon a n*****'... CNN says
'f****** n*****' on air... Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive... Congressman
fears Obama power grab in 'emergency'... Fidel Castro
mocks Obama over 'guayabera' diplomacy...
Rev. Wright
Unleashed: 'White Supremacy' Drives 'World Policy'... Clarence
Thomas Worshipping 'Some Other God'...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million
pizza party in Detroit -- on sterling silver plates! WHouse
basketballs emblazoned with Obama's image... HOODIE ON
THE HILL... VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ] Ex-Black Panther... Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]... Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]'There were
young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race
now... NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience... Talkradio
host calls for arrest and removal from MSNBC... Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them, etc.,
much less cede control and affect over society to them. ] '
The teen was suspended from school three times He was on suspension when he was shot in
February, after officials caught him with a 'marijuana pipe' and a baggie
with drug residue Trayvon was kicked out of school in October for
graffiti after he was allegedly caught with a 'burglary tool' and a bag
full of women's jewelry
Officials
also suspended him once for skipping school and tardiness
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami Herald claims
that in October, he was caught with a 'burglary tool' - a flathead screwdriver
- and 12 pieces of women's jewellery. Martin insisted that they did not belong
to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'... Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility.
) - Having had occasion to have run down a mugger in newark, n.j. who
apparently had followed a girl from the bank on her way to the bursar to pay
tuition, though in pretty good shape, I was astounded by how totally exhausting
such a pursuit was, how much like rubber my arms were when I traded punches
with the perpetrator, and truth be told, if I had a flashlight on my belt, I
have little doubt that I would have probably used it to subdue the perp (a
police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)Jervon
Miguel Coleman (Murdered three people.)Donell
Ramon Johnson (Murdered a mother and a daughter)Brian
Ranard Davis (6 women known murdered by nigger)Paul Durousseau
(Seven women)Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)Coral Eugene Watts
(11 women in Texas & 1 in Michigan)Anthony
McKnight (Five girls and young women)Derrick Todd Lee
(8 Women)Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)The Zebra Killings
(71 White people)Chester Turner
(L.A.s most prolific killer 12 women killed.)Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)Henry Louis
Wallace (Raped and strangled 5 women to death.)Charles
Johnston (Murdered 3 unarmed white men in hospital)Craig Price
(Brutally murdered 3 women)Harrison
Graham (Brually Murdered 3 women)Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)Ivan Hill
(killed 6 in Los Angeles area).July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
the myth that only white men commit such crimes .Black Serial
Killers http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
Miami Heat
Players Don Hoodies... 'Dead or
Alive' Poster Issued by New Black Panther Party... Zimmerman (and this is no endorsement – I
won’t be looking at this one incident all that closely) was at least trying to
do a good thing made necessary by the ever increasing number of brutal crimes
committed by the black thugs in neighborhoods across the nation; then there’s
somalian pirates, etc.. People domestically and internationally are suffering
from nigger-fatigue and are totally niggered out. Oh, yeah, there are some
Hollywood types who feel good about themselves having niggers around and
helping niggers to help them feel better than they really are, insecure as they
are, by being better than at least someone beyond fantasy. Loony george clooney
is one. Dreadfully boring and with that monotone, monotonous voice and not that
bright, he’s not even able to fake it on screen as an action hero (ie., batman,
what a horrific miscast) wimpy pussy in reality that he is; then there’s the
‘black (sean) penn’ who cried like a baby while incarcerated for a couple of
days not that long ago. The atheist jolie, so fatherly troubled as she is, has
let the equally mentally troubled pitt (she so nutty she makes him feel
somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the
closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the
niggers, including niggerbama back to sub-saharan africa! ]
4-17-12 GALLUP SHOCK
POLL: ROMNEY 48% OBAMA 43%... Campaign
attacks pollster... Romney,
Obama tied in new PEW Poll... Brownstein:
Obama's race problem … [ yes, indeed! You can’t expect non-blacks to be
self-destructive dinosaurs! ]... ROMNEY
LASHES OUT AT 'OBAMA' MEDIA Inventor of
world wide web savages govt's Big Brother plans... Extension
of surveillance powers 'destruction of human rights'... RECORD
NUMBER OF AMERICANS RENOUNCE CITIZENSHIP... Farrakhan
Warns Whites: 'Unless You Change, Your End Has Come'… [ They call this a
self-destructive manifestation of the Oedipal Effect: Goodbye niggers, aka
unevolved apes/chimps/monkeys – Your end’s already here! Your jigs are up, and you boos are down! Everyone’s onto your nigger jive! Look in the
mirror! If only you could change / evolve faster! ] ... HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'... 'We do not
prosecute by public pressure or by petition'[B***S***!]... Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as
‘hell’. He’s mentally deranged (too many head shots?), but he does profess
typical nigger sentiment. (Mike
Tyson Robin Givens Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply:Startover Reply:Eduard Reply:Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ... New Black
Panther Party chief of staff apologizes after radio outburst... 'The
things that's about to happen, to these honkeys, these crackers, these pigs'... Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]... RACE WARS: ZIMMERMAN
BREAKS SILENCE... Family
challenges Holder on New Black Panthers... Hacked
roadsign reads: 'Trayvon a n*****'... CNN says 'f******
n*****' on air... Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive... Congressman
fears Obama power grab in 'emergency'... Fidel Castro
mocks Obama over 'guayabera' diplomacy...
Rev. Wright
Unleashed: 'White Supremacy' Drives 'World Policy'... Clarence
Thomas Worshipping 'Some Other God'...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million
pizza party in Detroit -- on sterling silver plates! WHouse
basketballs emblazoned with Obama's image... HOODIE ON
THE HILL... VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ] Ex-Black Panther... Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]... Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]'There were
young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race
now... NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience... Talkradio
host calls for arrest and removal from MSNBC... Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was suspended from school three times He was on suspension when he was shot in
February, after officials caught him with a 'marijuana pipe' and a baggie
with drug residue Trayvon was kicked out of school in October for
graffiti after he was allegedly caught with a 'burglary tool' and a bag
full of women's jewelry
Officials
also suspended him once for skipping school and tardiness
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami Herald claims
that in October, he was caught with a 'burglary tool' - a flathead screwdriver
- and 12 pieces of women's jewellery. Martin insisted that they did not belong
to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'... Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened security... [ I
refrained from using the ‘n word’ (or even blacks / negroes) in referring to
the culprits in the following two incidents (those tender sensibilities) but
I’m sure you’ve guessed that they were niggers and I include same here in light
of the foregoing incident (and yes, the victims were white), which is typical.
‘.. while walking through Military Park (a sliver of a “park” - more a
pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the
bank during lunch hour, I heard the clearly audible screams/cries of what
turned out to be an old lady on the ground with blood streaming from her mouth.
I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded
she had been hit in the mouth and knocked to the ground, her purse stolen/put inside
her shopping bag, and she pointed out the criminal casually now walking across
the main street. Nobody stopped to help her, many having passed her by. I
slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the
Grand Jury Proceeding I made sure his threat on my life was set forth in prima
facie fashion so as to maximize the DA’s position with both felonies ( he went
to prison – pled out ). The other case I wrote about here ( This was included
on my website in the Psychology forum discussion of ‘bystander effect’ /
diffusion of responsibility. ) - Having had occasion to have run down a mugger
in newark, n.j. who apparently had followed a girl from the bank on her way to
the bursar to pay tuition, though in pretty good shape, I was astounded by how
totally exhausting such a pursuit was, how much like rubber my arms were when I
traded punches with the perpetrator, and truth be told, if I had a flashlight
on my belt, I have little doubt that I would have probably used it to subdue
the perp (a police officer here in California was the object of intense
criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included
that here) . The girl was not that seriously injured, did get her pocketbook and
tuition back, and the criminal / nigger went to jail (where they belong). The
other thing about such a pursuit that amazed me was that no one else assisted
the girl or me despite being in a position to do so. I was also mugged by 4
niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair
and balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)Jervon
Miguel Coleman (Murdered three people.)Donell
Ramon Johnson (Murdered a mother and a daughter)Brian
Ranard Davis (6 women known murdered by nigger)Paul Durousseau
(Seven women)Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)Coral Eugene Watts
(11 women in Texas & 1 in Michigan)Anthony
McKnight (Five girls and young women)Derrick Todd Lee
(8 Women)Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)The Zebra Killings
(71 White people)Chester Turner
(L.A.s most prolific killer 12 women killed.)Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)Henry Louis
Wallace (Raped and strangled 5 women to death.)Charles
Johnston (Murdered 3 unarmed white men in hospital)Craig Price
(Brutally murdered 3 women)Harrison
Graham (Brually Murdered 3 women)Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)Ivan Hill
(killed 6 in Los Angeles area).July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
the myth that only white men commit such crimes .Black Serial
Killers http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
Miami Heat
Players Don Hoodies... 'Dead or
Alive' Poster Issued by New Black Panther Party... Zimmerman (and this is no endorsement – I
won’t be looking at this one incident all that closely) was at least trying to
do a good thing made necessary by the ever increasing number of brutal crimes
committed by the black thugs in neighborhoods across the nation; then there’s
somalian pirates, etc.. People domestically and internationally are suffering
from nigger-fatigue and are totally niggered out. Oh, yeah, there are some
Hollywood types who feel good about themselves having niggers around and
helping niggers to help them feel better than they really are, insecure as they
are, by being better than at least someone beyond fantasy. Loony george clooney
is one. Dreadfully boring and with that monotone, monotonous voice and not that
bright, he’s not even able to fake it on screen as an action hero (ie., batman,
what a horrific miscast) wimpy pussy in reality that he is; then there’s the
‘black (sean) penn’ who cried like a baby while incarcerated for a couple of
days not that long ago. The atheist jolie, so fatherly troubled as she is, has
let the equally mentally troubled pitt (she so nutty she makes him feel
somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be the
closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the
niggers, including niggerbama back to sub-saharan africa! ]
4-16-12 ROMNEY TO
OBAMA: 'START PACKING' Obama:
'GOOGLE, FACEBOOK Would Not Exist' Without Government... GOOGLE
FOUNDER: WEB FREEDOM UNDER THREAT... 'Very
powerful forces have lined up around world'... FCC drops
GOOGLE 'Street View' investigation...
PHOTOS:
Embattled GSA Official Enjoys Wine and Soak in Spa Tub During 'Pre-Conference'
Meeting...
Pleads the
Fifth... Dodges
reporters after hearing...
Report:
Democrat-controlled Senate laziest in 20 years... 'Buffett'
battle heads to Senate floor; bill won't dent deficit...
GOOGLE
FOUNDER: WEB FREEDOM UNDER THREAT... 'Very
powerful forces have lined up around world'...
Hillary
Clinton Dances Night Away in Colombia... Beers and
cheers! Obama: I'm
Here 'To Scout Out' My Next Vacation With Michelle... Consensus
elusive at summit... Latin
America rebels over Cuba...
Hollywood
publicist who claimed to be undercover CIA operative -- chokes to death on a
deli meat sample...
UK lord
suspended over 'bounty' for Obama and Bush... The British peer reportedly said: "'If the US
can announce a reward of $10 million for the (capture) of Hafiz Saeed, I can
announce a bounty of Ł10 million (for the capture of) President Obama and his
predecessor, George Bush." [ Sounds fair to me! ]
OBAMA
DOESN'T QUALIFY FOR OWN 'BUFFETT RULE'... PRESIDENT
PAID LOWER RATE THAN SECRETARY? Kids get
$48,000
-- tax free! BIDENS
DONATE LESS THAN 1.5% OF INCOME TO CHARITY... Biden Earned
$21,000 Last Year From the Secret Service... No, he’s not moonlighting as an agent.Vice President
Joe Biden last year earned $20,900 in rental income from the Secret Service,
which is paying him to host agents on his property so they can protect him.Most
high-profile people in need of protection pay people to keep them safe.
Government officials are allowed to have taxpayers pick up the tab. Biden is
unique in that he actually gets paid by his bodyguards for the right to protect
him.Biden’s tax
records list rental income of $20,900 from a “cottage” on is property,
which is reportedly
being leased by the Secret Service and paid for at a rate that could
earn him even more money next year.Biden took deductions for mortgage interest
and taxes that allowed him to report only $12,653 of the amount on his federal
tax return.Of course, the Bidens badly need the money. They only had an
adjusted gross income of $379,035 last year. This probably also explains why
they gave less than 1.5 percent of their income to charity.Among the $5,540 in charitable
donations were $1,000 to the UN World Food Program; $1,080 to the Northern
Virginia Community College Alumni Scholarship Fund; $1,000 to the Diocese of
Wilmington; Delaware; $360 to a breast health initiative launched by Dr. Jill
Biden; and $50 to the Wounded Warrior Project.
POLL:
Sarkozy's comeback hopes crumble...
4-13-12 POLL: ROMNEY
TOPS OBAMA... ROMNEY
WARNS: OBAMA COMING FOR GUNS
WHAT
HAPPENS IN VEGAS, STAYS IN VEGAS: GSA OFFICIAL TO THE FIFTH... POLL:
Sarkozy's comeback hopes crumble...
Stocks See
Worst Week Of Year.. Mexico Stocks Plunge After 'Wrong
Order'...
OBAMA
DOESN'T QUALIFY FOR OWN 'BUFFETT RULE'… [ Hmmm! Now we know why the million
dollar threshold this year, not last when wobama earned $1.7 million ] ... PRESIDENT
PAID LOWER RATE THAN SECRETARY? Kids get
$48,000
-- tax free! CAMPAIGN
WANTS ROMNEY TAXES -- BACK TO 1970s! BIDENS
DONATE LESS THAN 1.5% OF INCOME TO CHARITY...
FEDS FORCE
MEDIA TO USE GOV'T COMPUTERS...
4-12-12 POLL: ROMNEY
TOPS OBAMA... Obama
Hammered for 'Jetting Around,' Taking Vacations While Americans Suffer... New Romney
Bumper Sticker: Moms Drive The Economy... GODFATHER
blames Daley for rampant crime... Homicides in
Chicago soar; 120 dead in 2012, 500 wounded... Mother and
child, 1, shot while sleeping... Woman shot
in face while driving... Dershowitz:
Zimmerman Arrest Affidavit 'Irresponsible And Unethical'... “Most affidavits of probable cause are very thin.
This is so thin that it won’t make it past a judge on a second degree murder
charge,” Dershowitz said. “There’s simply nothing in there that would justify
second degree murder.” Judge Blocks
Execution of Cat Ordered by Deceased Owner's Will... Broken
promises come back to haunt Sarkozy... Disillusioned
French voters focus on core economic issues... 'SHE HAS
NEVER WORKED A DAY IN HER LIFE'
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'... 'We do not
prosecute by public pressure or by petition'[B***S***!]... Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well below
the average 100. Ape tyson is just a disgrace, period. He’s a typical ignorant,
violent ape/nigger. Life with ape tyson, also a convicted rapist, was described
by his then (soon to be former) wife, Robin Givens, in a live televised
interview with him present (you can only imagine the unsaid) as ‘hell’. He’s
mentally deranged (too many head shots?), but he does profess typical nigger
sentiment. (Mike
Tyson Robin Givens Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply:Startover Reply:Eduard Reply:Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ... New Black
Panther Party chief of staff apologizes after radio outburst... 'The
things that's about to happen, to these honkeys, these crackers, these pigs'... Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]... RACE WARS: ZIMMERMAN
BREAKS SILENCE... Family
challenges Holder on New Black Panthers... Hacked
roadsign reads: 'Trayvon a n*****'... CNN says
'f****** n*****' on air... Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive... Congressman
fears Obama power grab in 'emergency'... Fidel Castro
mocks Obama over 'guayabera' diplomacy...
Rev. Wright
Unleashed: 'White Supremacy' Drives 'World Policy'... Clarence
Thomas Worshipping 'Some Other God'...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million
pizza party in Detroit -- on sterling silver plates! WHouse basketballs
emblazoned with Obama's image... HOODIE ON
THE HILL... VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ] Ex-Black Panther... Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]... Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]'There were
young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race
now... NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience... Talkradio
host calls for arrest and removal from MSNBC... Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was suspended from school three times He was on suspension when he was shot in
February, after officials caught him with a 'marijuana pipe' and a baggie
with drug residue Trayvon was kicked out of school in October for
graffiti after he was allegedly caught with a 'burglary tool' and a bag
full of women's jewelry
Officials
also suspended him once for skipping school and tardiness
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami Herald claims
that in October, he was caught with a 'burglary tool' - a flathead screwdriver
- and 12 pieces of women's jewellery. Martin insisted that they did not belong
to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'... Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
'SHE HAS
NEVER WORKED A DAY IN HER LIFE'
HOLDER
PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT NIGGER TO ANOTHER ...
'SECOND
DEGREE MURDER'... 'We do not
prosecute by public pressure or by petition'[B***S***!]... Tyson on Zimmerman: 'It's a disgrace that man hasn't been shot
yet' [ Spoken like the true ape, dumb nigger he is! If he had been an extra
in ‘Planet of the Apes’, they could have saved money on make-up / costumes. The
reality is, if that were the criterion and rule, given the overwhelming
prevalence of black violence, particularly black on white violence, there’d be
a lot of dead niggers. Niggers are a scourge wherever they are; a black plague,
if you will. The reality is that in this nation, having been overrun by
niggers, americans have become the new age dinosaurs. As for tyson, the ugly
little monkey that no one wanted, now full-grown angry ape, his IQ is well
below the average 100. Ape tyson is just a disgrace, period. He’s a typical
ignorant, violent ape/nigger. Life with ape tyson, also a convicted rapist, was
described by his then (soon to be former) wife, Robin Givens, in a live
televised interview with him present (you can only imagine the unsaid) as ‘hell’.
He’s mentally deranged (too many head shots?), but he does profess typical
nigger sentiment. (Mike
Tyson Robin Givens Eight months after Mike Tyson and Robin Givens were married on Feb. ...
beatings -- she filed for divorce)
Panthers
Call For Violent Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply:Startover Reply:Eduard Reply:Heroin
dealer uses welfare EBT card to post bail [ Yes, he’s a nigger; with unreported
cash drug income that gives him welfare as well! ] ... New Black
Panther Party chief of staff apologizes after radio outburst... 'The
things that's about to happen, to these honkeys, these crackers, these pigs'... Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]... RACE WARS: ZIMMERMAN
BREAKS SILENCE... Family
challenges Holder on New Black Panthers... Hacked
roadsign reads: 'Trayvon a n*****'... CNN says
'f****** n*****' on air... Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive... Congressman
fears Obama power grab in 'emergency'... Fidel Castro
mocks Obama over 'guayabera' diplomacy...
Rev. Wright
Unleashed: 'White Supremacy' Drives 'World Policy'... Clarence
Thomas Worshipping 'Some Other God'...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million
pizza party in Detroit -- on sterling silver plates! WHouse
basketballs emblazoned with Obama's image... HOODIE ON
THE HILL... VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ] Ex-Black Panther... Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]... Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]'There were
young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race
now... NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience... Talkradio
host calls for arrest and removal from MSNBC... Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth!
And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are
better than blacks who are at best their equals, though some dog owners/lovers
may dispute that. Niggers are a scourge on civilized society wherever they are.
Just look around, worldwide, wherever they are, in concentrations particularly;
it’s the same nigger story. That’s the way they are. That’s what they are. They
are a blight on any neighborhood. They are a blight on any society and an insurmountable
burden. They bring any society down. Some will argue, how ‘bout sports?, to
which one may reply, ie., just because you go to horse races, doesn’t mean you
want to live with horses, or, just because you have monkeys in zoos doesn’t
mean you want to live with them, etc., much less cede control and affect over
society to them. ] '
The teen was suspended from school three times He was on suspension when he was shot in
February, after officials caught him with a 'marijuana pipe' and a baggie
with drug residue Trayvon was kicked out of school in October for
graffiti after he was allegedly caught with a 'burglary tool' and a bag
full of women's jewelry
Officials
also suspended him once for skipping school and tardiness
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami Herald claims
that in October, he was caught with a 'burglary tool' - a flathead screwdriver
- and 12 pieces of women's jewellery. Martin insisted that they did not belong
to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'... Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’ black
Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or
otherwise, I believe the under-profiled black serial killer is also the
consequence of their proclivity for and love of killing, random, wanton
savagery for no reason other than for the sake of killing (as, ie., rabid dogs,
which distinguishes them from and positions them below other feral beasts) and
otherwise, and an historic predisposition toward canabalism. After all, the
contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls
for a white perp in terms of ‘profile’ which is of course, ridiculous. I
believe the under-reporting is owing to multiple killings by blacks being
classified as something other than ‘serial’; ie., gang, gang related, ‘typical’,
etc.. Moreover, the anti-white bias of the black perps is also a reality that’s
under-reported. Take a look at the following brutally uncivilized black on
white violent rapes/murders:
http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my belt,
I have little doubt that I would have probably used it to subdue the perp (a
police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)Jervon
Miguel Coleman (Murdered three people.)Donell
Ramon Johnson (Murdered a mother and a daughter)Brian
Ranard Davis (6 women known murdered by nigger)Paul Durousseau
(Seven women)Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)Coral Eugene Watts
(11 women in Texas & 1 in Michigan)Anthony
McKnight (Five girls and young women)Derrick Todd Lee
(8 Women)Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)The Zebra Killings
(71 White people)Chester Turner
(L.A.s most prolific killer 12 women killed.)Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)Henry Louis
Wallace (Raped and strangled 5 women to death.)Charles
Johnston (Murdered 3 unarmed white men in hospital)Craig Price
(Brutally murdered 3 women)Harrison
Graham (Brually Murdered 3 women)Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)Ivan Hill
(killed 6 in Los Angeles area).July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
the myth that only white men commit such crimes .Black Serial
Killers http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
Miami Heat
Players Don Hoodies... 'Dead or
Alive' Poster Issued by New Black Panther Party... Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george
clooney is one. Dreadfully boring and with that monotone, monotonous voice and
not that bright, he’s not even able to fake it on screen as an action hero
(ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then
there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a
couple of days not that long ago. The atheist jolie, so fatherly troubled as
she is, has let the equally mentally troubled pitt (she so nutty she makes him
feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be
the closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the nigger
vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the
niggers, including niggerbama back to sub-saharan africa! ]
4-10-12 WALL ST GHOST TOWN: TRADING HITS
4-YEAR LOW [Actually the low trading volume’s a positive in that those
churn-and-earn computerized programmed trades at lightning speed are a big net
negative in real economic terms. ]... STOCKS
CONTINUE DROP... Log Worst Day of Year... Wave of
Selling Rocks Euro Markets... SONY Revises
Expected Loss to $6.4 Billion!
SHOCK
PHOTOS: Obama, Thin And Wasting Away... LOSING HIS
COOL! An American
soldier killed in Afghanistan every day in April... Iran
captured Israel-backed 'terrorist team'... RACE WARS: Baltimore's
top cop says videotaped beating of white tourist hate crime... New Video
Surfaces...
Zimmerman
attorneys: 'We've lost contact with him'... Family of
Trayvon worried he won't be found... Special
prosecutor to release new info 'within next 72 hours'... Strip-Search
Case Reflects Death of American Privacy...
4-9-12 Gas Prices
Grow More Under Obama than Carter...
$7 Gas Hits
CA's Catalina Island...
Black
residents fearful after shootings in Tulsa… [ Now they know how the ‘white
folk’ feel, everywhere, every day, and the black on white violent crime stats
overwhelmingly prove the reality and legitimacy of that concern! Civilized
people everywhere are tired of the typical nigger b***s***! ]... RACE WARS: ZIMMERMAN
BREAKS SILENCE... Family
challenges Holder on New Black Panthers... Hacked
roadsign reads: 'Trayvon a n*****'... CNN says
'f****** n*****' on air... Anchor:
'N*****' Should Replace 'N-word' in News Reports...
Government
Surveillance Crackdown On Internet Goes Into Overdrive... Congressman
fears Obama power grab in 'emergency'... Fidel Castro
mocks Obama over 'guayabera' diplomacy...
Rev. Wright
Unleashed: 'White Supremacy' Drives 'World Policy'... Clarence
Thomas Worshipping 'Some Other God'...
REPORT:
'Stunning lack of diversity' in Obama's re-election campaign [ I’d say this is
more embarrassing for the self-destructive whites who are for obama; after all,
who would be foolish enough to hire the typically uncivilized, problematic,
violence / crime prone, etc., blacks? ]
... to be fair and balanced, the RICO litigation involves those
uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million
pizza party in Detroit -- on sterling silver plates! WHouse
basketballs emblazoned with Obama's image... HOODIE ON
THE HILL... VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ] Ex-Black Panther... Another
Says Trayvon 'Hunted Down Like Dog'
[Well, if the shoe fits … but, actually, niggers are more like apes,
monkeys that only evolved to a point… and some dog-lovers might be offended by
comparing niggers to dogs. ]... Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]'There were
young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race
now... NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience... Talkradio
host calls for arrest and removal from MSNBC... Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are
better than blacks who are at best their equals, though some dog owners/lovers
may dispute that. Niggers are a scourge on civilized society wherever they are.
Just look around, worldwide, wherever they are, in concentrations particularly;
it’s the same nigger story. That’s the way they are. That’s what they are. They
are a blight on any neighborhood. They are a blight on any society and an
insurmountable burden. They bring any society down. Some will argue, how ‘bout
sports?, to which one may reply, ie., just because you go to horse races,
doesn’t mean you want to live with horses, or, just because you have monkeys in
zoos doesn’t mean you want to live with them, etc., much less cede control and
affect over society to them. ] '
The teen was suspended from school three times He was on suspension when he was shot in
February, after officials caught him with a 'marijuana pipe' and a baggie
with drug residue Trayvon was kicked out of school in October for
graffiti after he was allegedly caught with a 'burglary tool' and a bag
full of women's jewelry
Officials
also suspended him once for skipping school and tardiness
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
The Miami Herald claims
that in October, he was caught with a 'burglary tool' - a flathead screwdriver
- and 12 pieces of women's jewellery. Martin insisted that they did not belong
to him.
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'... Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or otherwise,
I believe the under-profiled black serial killer is also the consequence of
their proclivity for and love of killing, random, wanton savagery for no reason
other than for the sake of killing (as, ie., rabid dogs, which distinguishes
them from and positions them below other feral beasts) and otherwise, and an
historic predisposition toward canabalism. After all, the contra-indicated
mainstream ‘politically correct’ view (tv and otherwise) calls for a white perp
in terms of ‘profile’ which is of course, ridiculous. I believe the
under-reporting is owing to multiple killings by blacks being classified as
something other than ‘serial’; ie., gang, gang related, ‘typical’, etc..
Moreover, the anti-white bias of the black perps is also a reality that’s under-reported.
Take a look at the following brutally uncivilized black on white violent
rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure his
threat on my life was set forth in prima facie fashion so as to maximize the
DA’s position with both felonies ( he went to prison – pled out ). The other
case I wrote about here ( This was included on my website in the Psychology
forum discussion of ‘bystander effect’ / diffusion of responsibility. ) -
Having had occasion to have run down a mugger in newark, n.j. who apparently
had followed a girl from the bank on her way to the bursar to pay tuition,
though in pretty good shape, I was astounded by how totally exhausting such a
pursuit was, how much like rubber my arms were when I traded punches with the
perpetrator, and truth be told, if I had a flashlight on my belt, I have little
doubt that I would have probably used it to subdue the perp (a police officer
here in California was the object of intense criticism for having used a
flashlight to subdue a criminal / nigger
after a long chase so I included that here) . The girl was not that seriously
injured, did get her pocketbook and tuition back, and the criminal / nigger
went to jail (where they belong). The other thing about such a pursuit that
amazed me was that no one else assisted the girl or me despite being in a
position to do so. I was also mugged by 4 niggers and 2 hispanics in an
incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)Jervon
Miguel Coleman (Murdered three people.)Donell
Ramon Johnson (Murdered a mother and a daughter)Brian
Ranard Davis (6 women known murdered by nigger)Paul Durousseau
(Seven women)Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)Coral Eugene Watts
(11 women in Texas & 1 in Michigan)Anthony
McKnight (Five girls and young women)Derrick Todd Lee
(8 Women)Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)The Zebra Killings
(71 White people)Chester Turner
(L.A.s most prolific killer 12 women killed.)Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)Henry Louis
Wallace (Raped and strangled 5 women to death.)Charles
Johnston (Murdered 3 unarmed white men in hospital)Craig Price
(Brutally murdered 3 women)Harrison
Graham (Brually Murdered 3 women)Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)Ivan Hill
(killed 6 in Los Angeles area).July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
the myth that only white men commit such crimes .Black Serial
Killers http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
Miami Heat
Players Don Hoodies... 'Dead or
Alive' Poster Issued by New Black Panther Party... Zimmerman (and this is no endorsement – I
won’t be looking at this one incident all that closely) was at least trying to
do a good thing made necessary by the ever increasing number of brutal crimes
committed by the black thugs in neighborhoods across the nation; then there’s
somalian pirates, etc.. People domestically and internationally are suffering
from nigger-fatigue and are totally niggered out. Oh, yeah, there are some
Hollywood types who feel good about themselves having niggers around and helping
niggers to help them feel better than they really are, insecure as they are, by
being better than at least someone beyond fantasy. Loony george clooney is one.
Dreadfully boring and with that monotone, monotonous voice and not that bright,
he’s not even able to fake it on screen as an action hero (ie., batman, what a
horrific miscast) wimpy pussy in reality that he is; then there’s the ‘black
(sean) penn’ who cried like a baby while incarcerated for a couple of days not
that long ago. The atheist jolie, so fatherly troubled as she is, has let the
equally mentally troubled pitt (she so nutty she makes him feel somewhat sane
though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s
gotten to her black projects. Let them live anonomously (in disguise) with the
niggers for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with
the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the
niggers, including niggerbama back to sub-saharan africa! ]
4-5-12 Economy adds just 120K jobs... Number of
people not in labor force rises to record 88M... Futures crash on jobs data... Stocks Post Biggest Weekly Decline
in 2012... 40th
straight deficit month... DEBT HITS
$15,617,723,000,000.00 Obama's
Budget: 'Interest Payments Will Exceed Defense Budget' in 2019...
'Long Live
Zimmerman' Spray-Painted on Ohio State's Black Cultural Center... City of
Sanford preps for worst with decision looming in Trayvon Martin case... Man, 78,
beaten by teens: 'This is for Trayvon'... NBC probe on
altered 911 call centers on 'seasoned' producer... Jesse
Jackson calls on blacks to wear hoodies to polling places...
VULCAN DEATH
GRIP: VOTE FOR ME OR THE KIDS DIE...
REPORT:
Panetta's weekend trips to CA cost taxpayers nearly $1 million... Def Sec paid
just $17,000...
Federal
Worker Performs Rap Bragging About Lavish Perks... 'Love
to the nation! I'll never be under investigation!' POLL: Even
government workers say they are lazier...
MARION
BARRY: 'We've got to do something about these Asians coming in'[ Riiiiight!
It’s the Asians who are the problem … as he takes another hit. ]...
Food
inflation seen back on the table as prices rise...
Romney
Accuses Obama of Hiding Agenda...
Russia warns
West, Arabs against arming Syria rebels...
U.S.
Pressing Interpol to Deny Egypt's Request To Arrest Americans...
DEMS
BLACKLIST WALMART, COKE [ I’m a bit surprised because obama, clinton, w bush,
etc., have all done their share of coke which has been admitted / documented,
then the government illegally imports / distributes coke in a very big way, and
walmart / clinton ties go all the way back to arkansas! ] ...
4-03-12 PUMP AND
SLUMP...
ROMNEY SLAMS
OBAMA'S 'GOVERNMENT-CENTERED SOCIETY'...
PAYBACK:
Obama admin set to sue Sheriff Joe... Arpaio
continues probe into president's birth...
NBC offers
'skimpy' apology fo Zimmerman tape screw-up...
LIMBAUGH:
Obama Puts Out Figurative Bounty on Supreme Court... FEDERAL
APPEALS COURT FIRES BACK AT OBAMA...
HENTOFF:
Obama's NSA: Close to knowing all about us... Beware the
unholy alliance of state and internet...
IMF chief
calls on U.S. for more cash...
Van Jones:
Obama Wouldn't Lose Black Vote Even If He Came Out As Gay... DID HE GET A
LEAK? OBAMA
TAKES SHOT AT COURT FLASHBACK:
Obama biggest recipient of BP cash... RED ALERT: Pentagon
activates missile defenses for NKorean launch... GUNMAN OPENS
FIRE AT CA UNIVERSITY... At least 7
dead...
REPORT: Rick
Perry used pain killers to get through debates...
Arizona
Passes Sweeping Internet Censorship Bill…[arizona is such a nothing, desert
wasteland of a state; with war-mongering, neo-con moribund loser mccain a
testament to that fact]... Hoodie-Wearing
niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]'There were
young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race
now... NAACP
condemns nigger apeman sharpton's call for escalation in civil disobedience... Talkradio
host calls for arrest and removal from MSNBC... Detroit
Preacher: 'Isn't The Mood In This Nation That White People Are Better Than
Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished
truth! And, not just whites; viz., Asians, Hispanics, real American
Indians, etc., and most feral beasts
except dogs are better than blacks who are at best their equals, though some
dog owners/lovers may dispute that. Niggers are a scourge on civilized society
wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a blight
on any society and an insurmountable burden. They bring any society down. Some
will argue, how ‘bout sports?, to which one may reply, ie., just because you go
to horse races, doesn’t mean you want to live with horses, or, just because you
have monkeys in zoos doesn’t mean you want to live with them, etc., much less
cede control and affect over society to them.
] '
NOONAN: HE'S BECOMING
'CREEPY'... Suffers
'worst week' of presidency... Dem donors
ignore plea for cash... STUDENTS
SOUR... GE Immelt
insists he's NOT pulling for Romney...
SHOCK POLL:
Afghan war support DOWN TO 25%... Greek PM
warns against threat to bailout... Europe
warned crisis not over yet... Storm clouds
gather over Italy reform drive...
UK GRIPPED
BY 'FUEL EMERGENCY'... Gas Stations
Go Dry...
SUPREMES
POISED TO STRIKE DOWN OBAMACARE... Individual
mandate picked apart... Admin. tries
rebranding... 'Personal
responsibility clause'... IRS seeks
4,000 agents for Obamacare... WIRE:
Justices split by ideology... RUBIO ENDORSES ROMNEY HOODIE ON
THE HILL... VIDEO: Dem
Rep Kicked Off House Floor... [ Typical noisy nigger in the house of bad black reps. Female members,
keep your purses close when ‘bobby bobby r’ is near; the temptation might prove
to be too much for his inner rap nigger soul man. ] Ex-Black Panther... Another
Says Trayvon 'Hunted Down Like Dog' [Well,
if the shoe fits … but, actually, niggers are more like apes, monkeys that only
evolved to a point… and some dog-lovers might be offended by comparing niggers
to dogs. ]... Pentagon
unaware of 'secret deal' between Obama, Kremlin ... [ Wobama’s done! Those
black niggers have stunk-up the Whitehouse for too long! http://albertpeia.com/bobobamathetraitor.htm ]
Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun
The teen was suspended from school three times He was on suspension when he was shot in
February, after officials caught him with a 'marijuana pipe' and a baggie
with drug residue Trayvon was kicked out of school in October for
graffiti after he was allegedly caught with a 'burglary tool' and a bag
full of women's jewelry
Officials
also suspended him once for skipping school and tardiness
·
Trayvon Martin was suspended from school three times
in the months before he was shot dead by a neighborhood watchman, it emerged
today.
·
The facts, revealed in a leaked report, paint a
different picture of a teenager who frequently found himself in trouble with
authorities.
·
It was also revealed that he might have attacked a
bus driver, according to a Twitter account that it is claimed belonged to the
teen.
·
The Miami Herald claims that in October, he was
caught with a 'burglary tool' - a flathead screwdriver - and 12 pieces of
women's jewellery. Martin insisted that they did not belong to him.
http://www.dailymail.co.uk/news/article-2120504/Trayvon-Martin-case-He-suspended-times-caught-burglary-tool.html#ixzz1qNKq1OXe
New Orleans
officer resigns after Trayvon comments... 'Act
like a thug die like one!'... Baggage
Handlers Behind 200 Thefts a Day at JFK... Gas prices
expected to rise all summer long...
Sandusky was
labeled 'likely pedophile' in 1998... 'Cracker'
T-shirt hits Florida streets... COPS:
Zimmerman says Trayvon decked him with one blow then began hammering his head
on sidewalk... 'Suffered
broken nose and had injury to back of head'... Martin had
been suspended from school for marijuana... Black
Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who
do these filthy niggers think they are? ] Take a look at this nigger who kills
a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of
Florida teen not a racist, lawyer says... SECRET
WITNESS: Self-defense... Witness:
Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDTTrayvon Martin shooter: Teen went for my gun
Former
NAACP leader accuses Sharpton, Jackson of 'exploiting' Trayvon Martin... 'His
family should be outraged'... Mother seeks
to trademark dead son's name …[ For what? Trayvon hoodies? ]... Many wear
hoodies as churches remember Trayvon... STUDY: Earth
heated up in medieval times -- before human CO2 emissions... Obama gets
personal over killing of black Florida teenager... Urges
'soul-searching'... More Miami
schools stage mass walk-outs... Gingrich
calls Obama's Trayvon comments 'disgraceful'... Cops: Man
threatened to kill police chief at center of case... Jeb Bush:
'Stand your ground' invalid here... Miami Heat
Players Don Hoodies... 'Dead or
Alive' Poster Issued by New Black Panther Party... Zimmerman (and this is no
endorsement – I won’t be looking at this one incident all that closely) was at
least trying to do a good thing made necessary by the ever increasing number of
brutal crimes committed by the black thugs in neighborhoods across the nation;
then there’s somalian pirates, etc.. People domestically and internationally
are suffering from nigger-fatigue and are totally niggered out. Oh, yeah, there
are some Hollywood types who feel good about themselves having niggers around
and helping niggers to help them feel better than they really are, insecure as
they are, by being better than at least someone beyond fantasy. Loony george
clooney is one. Dreadfully boring and with that monotone, monotonous voice and
not that bright, he’s not even able to fake it on screen as an action hero
(ie., batman, what a horrific miscast) wimpy pussy in reality that he is; then
there’s the ‘black (sean) penn’ who cried like a baby while incarcerated for a
couple of days not that long ago. The atheist jolie, so fatherly troubled as
she is, has let the equally mentally troubled pitt (she so nutty she makes him
feel somewhat sane though still not too bright) and pendulum ‘backwoods bob’ be
the closest she’s gotten to her black projects. Let them live anonomously (in
disguise) with the niggers for some time for a real close look and then see
what’s left of their predisposed love for the nigger. Then there’s the italian
scallion, booby deniro; drug addled as his black wife high-tower, what a total
embarrassment to Italians everywhere; even as he tried to ingratiate himself
recently with niggers everywhere and particularly national embarrassment mammy
michele with the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan
Africa! ]'BLACK
NIGGERS [ NOT WHITES BY NIGGERS THE IMPLICATION DESPITE FACTUAL DATA TO THE
CONTRARY ] ARE UNDER ATTACK [ SAYS
NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The blacks should be careful what they wish
for in playing that game because the facts don’t break in their favor. ] ...
People have become weary of making
up excuses for blacks (like obama, holder, etc.). At some point, as now, people
should not be timid about relating the cold, unvarnished truth statistically /
factually about blacks and, ie., black
on white violent crime, etc..
From Pat Buchanan: As for
racism, its ugliest manifestation is in interracial crime, and especially
interracial crimes of violence. Is Barack Obama aware that while white
criminals choose black victims 3 percent of the time, black criminals choose
white victims 45 percent of the time? Is Barack aware that black-on-white rapes
are 100 times more common than the reverse, that black-on-white robberies were
139 times as common in the first three years of this decade as the reverse? We
have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape
case and Jena. And all turned out to be hoaxes. But about the epidemic of black
assaults on whites that are real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can be
derived and fashioned. ] [ Send the
niggers, including niggerbama back to sub-saharan africa! ]
EUROPE
RIDICULES OBAMA... 'Maybe
copy key got stuck on presidential speechwriter's keyboard'... REPORT:
Corzine Ordered $200M Moved to JPMORGAN Days Before MF GLOBAL Collapse... ...memo
contradicts Corzine testimony LATEST
DOCUMENT DUMP: White House was all-hands-on-deck as SOLYNDRA collapse neared... APPLE Flash Crash: Single Trade
Causes 9% Plunge... 'Do you have
your birth
certificate?' Heckled at
Ohio State... CNN reporter
says 'n*gger' on live TV … [ Good for him! That’s what they are! ] ... WASHPOST:
'Florida shooting stirs memories of civil rights era'... Farrakhan
Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of niggers
that would have to be retaliated against based upon the hushed reality of the
prevalence of black on white crime? The niggers should be careful what they
wish for in playing that game because the facts don’t break in their favor. As
for the pathetic whites among and protesting with them, they at best just don’t
know any better and need a closer real look at the nigger. ] ... Student loan
debt tops $1 trillion... Marine
sergeant faces discipline for FACEBOOK critique of Obama... APNewsBreak: Marine critical of Obama faces charge [ This one
caught my eye. While it is true that good soldiering requires absolute
discipline by definition, oaths should be taken seriously, honored, and given
effect. That said, burning Qurans was the product I assume of orders reflecting
even more than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as
with urinating on the bodies of the dead, can and should the actors be held
accountable for such gross stupidity? Absolutely! However, one must be mindful
of the reality that marines invariably have ‘skin in the game’ when it comes to
consequences of commanders in chief incompetence, unlawful acts, poor judgment
particularly as impacted by questionable mental states (arbitrarily taking the
last three presidents as illustrative, viz., clinton, bush, obama certainly
reflect this reality and concern coupled with the unnecessary murderous results
of their actions). There has been a longstanding rebuke of the ‘just following
orders’ defense accorded soldiers since particularly the nazi regime as an
example. As such, Stein certainly should be lauded for saying what all soldiers
should already know; namely, the unlawful detention of americans, among other
constitutionally barred activities should not be among those orders they are
willing to follow. The proscriptions of posse comitatus should also serve as a
guide. This is particularly important given the fragile mental state of
americans generally, and america’s leadership especially. No longer is it, if
ever it was true that americans can be trusted to do the right thing. In fact,
quite the opposite is true. Wobama is a desperate and incompetent failure as
president whose invariable breach of campaign promises is a testament to his
unsuitability for the office he currently occupies; and, one can only thank
Stein for recognizing what could devolve into a much more serious and
devastating scenario for the nation owing to wobama’s ever increasing political
desperation. Broadly and generally, murky areas as this, even involving the
military, should be resolved in favor of free speech, first amendment
guarantees and against censorship. Guest
Post: The Ascendence Of Sociopaths In US Governance Durden
3-21-12 How did we get here? An argument can be made that
miscalculation, accident, inattention and the like are why things go bad. Those
elements do have a role, but it is minor. Potential catastrophe across the
board can't be the result of happenstance. When things go wrong on a grand
scale, it's not just bad luck or inadvertence. It's because of serious
character flaws in one or many – or even all – of the players. So is there a
root cause of all the problems I've cited? If we can find it, it may tell us
how we personally can best respond to the problems. In this article, I'm going
to argue that the US government, in particular, is being overrun by the wrong
kind of person. It's a trend that's been in motion for many years but has now
reached a point of no return. In other words, a type of moral rot has become so
prevalent that it's institutional in nature. There is not going to be,
therefore, any serious change in the direction in which the US is headed until
a genuine crisis topples the existing order. Until then, the trend will
accelerate. The reason is that a
certain class of people – sociopaths – are now fully in control of major
American institutions.
3-21-12 LA City
Council Close To Resolution Barring Radio Hosts From 'Racist, Sexist'
Comments... POLICE: Black
teenagers light 13-year-old on fire; 'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm VIDEO: Black
Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm Sheriff Joe
Warns: 'Tons' more shocking info on Obama... Prices
Slashed on Limited Edition 'Obama 44' Jerseys... REPORT:
Troops stressed to breaking point... More Marines
Voicing Disapproval of Obama... OBAMA BACKS
HALF A PIPELINE! Oil Prices at $200 a Barrel? 3-20-12 Obama
exempts 11 countries from Iran sanctions... Netanyahu's
Holocaust rhetoric under fire... Lagarde
warns of 30% oil spike... Karzai calls
American troops 'demons'... POSTMAN
CLAIMS: Ayers family put 'foreigner' Obama through school... ...video
interview 3-19-12 SANTORUM ENDORSES ROMNEY! [1,504
DAYS AGO] 'If you want
conservative as nominee of party, you must vote for Romney'... GODFATHER
ROM EMANUEL SHUTS DOWN NATO PROTEST... Big Brother
Bloomberg Bans Food Donations... Might
be too salty... Holder 1995:
We Must 'Brainwash' People Against Guns … [ And guns not the only subject of
brainwashing they’re into; after all, in reality, all holder’s street bros will
have their illegal guns anyway, making the law abiding even more dependent upon
and at the mercy of the corrupt, do-nothing feds et als! ] ... MARTIAL LAW?
WHITE HOUSE ISSUES EXECUTIVE ORDER: 'NATIONAL DEFENSE RESOURCES
PREPAREDNESS'... ...document
creates widespread worry WASHPOST: 'A
misleading account of Obama's mother and her insurance dispute'... Miami Vice:
The fight to keep big casinos out of Florida... 3-16-12 COST OF
LIVING SOARS... CBO: Obama
budget deepens debt by $3.5 trillion... 2013
deficit: $977 billion... CBO sees
higher deficits under Obama plan... Will Tom
Hanks Video Help Obama [ Lamentably, sweet tom never really able to shirk the
role of retard once driven to the apollo as the beloved but mentally challenged
gump. Yes, life in america for worst is like that candidate of chocolate.
] ? 'He Would
Not Dwell In Blame' [ Yeah, sounds like a plan; when, as with wobama, you have
so much to be blamed for. In the final analysis, isn’t blame, the positing of
blame to one or another ultimately what a vigorous and real political process is
about, ultimately arriving at who’s best to provide credible solutions in light
thereof? ] ... GOP mocks [
Indeed they should! Indeed they must! Wobama’s a joke! ] { The time is come for
wobama to pay the piper for every b***s*** story he’s ever told – and that a
real lot of b***s*** to account for! } ... CIA wants to
spy on you through your TV... Agency
director says net-connected gadgets will 'transform' surveillance... Bob Barr
Files Lawsuit Against TSA Over 'Drudge' Controversy... 'HOMELAND'
LISTS YAWNING, GOOSE BUMPS AS SUSPICIOUS BEHAVIOR... DEM SEN
ACCUSES COLLEAGUES OF BEING 'NIGGARDLY'[ But, to their credit, not niggers! ]
... SOLDIER
NAMED IN AFGHAN MASSACRE... Writings
about war battle discovered... Angelica
Huston: USA Returning to 'Dark Ages'... Suspect in
Afghan Attacks Had Brain Inury Been Drinking... 'He wasn't
thrilled about going on another deployment'... KARZAI: GET
OUT! Afghan
president wants U.S. troops gone from villages... U.S. moves
massacre soldier to Kuwait... Thousands
protest, chant anti-American slogans... Taliban
suspends 'peace talks'... CAM SNUBS
REPUBLICANS Obama Tip
for Fainting Audience Members: 'You've Got to Eat'... Orders baby
back ribs, grits, and corn bread... Biden lauds
Obama as man of 'steal' [ spelled s-t-e-A-l, with an emblazened O on his frail,
weepy chest as in zero, the big zero wobama the b for b***s***! ] ... Three in 10
young adults live with parents, highest level since 1950s... Axelrod:
Limbaugh, Maher sexist comments different ... BUCHANAN:
Rush and the new blacklist... China
becomes top investor in Germany...
3-14-12 'I wanted to
have the Marines look just like their Afghan partners'... First time
stripped of guns during address by secretary of defense... DISTRUST:
MARINES DISARMED FOR PANETTA AT CAMP LEATHERNECK
Price of gas
in CA jumps 50 cents in one month...
FLASHBACK:
Obama Birthday Party 'Black Heaven' [‘Nigger day’ (aka ‘White Hell’) is darkest
night for america!]... 'Obama
fanatic' pleads guilty to threatening to kill Sheriff Arpaio, family...
3-13-12 CBO NEARLY
DOUBLES OBAMACARE ESTIMATE... $1.76
TRILLION OVER 10 YEARS! FLASHBACK:
Obama pledges legislation will cost 'around $900 billion over 10 years'...
Fed: Four
large banks fail stress tests... CITI
fails...
Spain Has
'Worse Problems Than Greece'...
AFGHANS BURN
OBAMA EFFIGY... Taliban
threatens to behead U.S. soldiers... Fire on
Afghan officials at attack site... Kabul
demands local trial for US gunman...
3-12-12 PAIN IN THE
PUMP! 44 DOWN TO
41
Fed stress
testing banks against 13% unemployment, 50% drop in stock market...
PAPER:
Germany proposes a 'DRUDGE Tax'... Kabul
demands local trial for US gunman... Afghans urge
exit... UK plans
combat pull-back... Killings
bring war to presidential campaign...
U.S. soldier
in Afghan massacre had 'brain injury'...
3-09-12 Unemployment holds: 8.3%... US still
down 6 million jobs... THE
NUMBERS... Trade
deficit widens to biggest gap since '08; Imports hit record... US borrowing
rises for first time since 2008... Banks
foreclosing on churches in record numbers... Greek debt
swap triggers massive payouts... MOODY'S
declares Greece in default of debt... Spain's new
govt faces first strike... Germany
wants new debate on EU constitution...
NBCNEWS
BOLD: Host Al Sharpton Holds Political Rally -- on MSNBC! [No wonder their
‘news’ is viewed as worthless, mind-numbing ‘entertainment’ at best!
Hammer-Wielding
Thieves Swipe $450K In High-End Watches -- In 45 Seconds! [ Typical niggers!
It’s happening all over the country, here in california particularly. Where’s
the Drudge story on that ruthless, uncivilized but typical nigger Kony of
uganda fame – remember idi amin? - come on … it’s the same story all over
africa or wherever they are in concentrations; similar stories, including
especially here in america! Face up to it! That’s what niggers are, that’s what
niggers do! ] ! Gov't sets
record deficit...
POLL: 77%
Say Gas Most Important Factor in Election... REPORT:
Obama lobbying against Keystone pipeline... FLASH:
Dems kill... Energy Secy:
I don't own a car...
ISRAEL
REQUESTS 'BUNKER-BUSTER'
Romney
Readies 'Prosecution of Obama'...
Greece in
last ditch scramble to avoid default... Alarm sounds
over Spain rising debt... Portugal
Doomed?
3-07-12 Panetta:
'International Permission' Trumps Congressional Permission For Military Actions
… [ Well, isn’t that revolutionary, as in ‘coup speak’, the constitutional
‘check/protection by solid precedent’ dashed in a sweeping statement by an
italian in a failed regime – seen/heard that one before, that ‘international
permission’ being the axis powers consensus giving rise to WW2– this is almost
in the realm of unbelievable yet is all too believable in pervasively corrupt,
defacto bankrupt, war crimes nation america! What total b***s*** / insanity.
Let’s see…who should be the ‘international permissioner’ this day? How ‘bout,
zionist netanayahu, robert mugabe the zimbabwe, etc.. How totally pathetic! ]
... Weinstein
passes on movie pitch – from [how totally pathetic] Obama! GAS HITS $6 AT CALIFORNIA STATION... REPORT: Part
of $11M grant to provide 'business attire' for job seekers aided only 2
people... Brazil
overtakes UK to become world's 6th-largest economy... SUPER
CHOOSEDAY... ROMNEY: ID,
MA, OH, VA, VT... SANTORUM:
OK, ND, TN... GINGRICH:
GA... TOTAL
DELEGATE COUNT... TOTAL
POPULAR VOTE... HERE WE GO
AGAIN: Obama moves to aid Syrian 'rebels'... Sens urge
strike [ And look at these senators: loser mccain who’s ‘knock, knock, knocking
on hell’s door’, zionist lieberman who’s already out the door, and that ‘mixed
up guy’ lindsey graham, all of whom have contributed to america’s national
bankruptcy strategy … ]...
Group sues
for Michelle Obama vacation records [ and there must be plenty of them; tons
and tons … ]... Tearful
Putin claims election victory: 'Glory to Russia'… [ Glory indeed! Historically
well-deserved! I really don’t believe that Russians realize how important this
victory was for a stable, strong, great Russia prospectively! ] ... Reasserts
grip... POWER...
PROTEST
FEAR: G-8 MOVED OUT OF CHICAGOLAND
HOLDER: US
can target citizens overseas...
POLICE:
Black teenagers light 13-year-old on fire; 'You get what you deserve, white
boy'... Typical n*****s! Come on! People are tired of making making up excuses
for the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! For ‘self-defeating / self-destructive’ ‘political correctness’ or
otherwise, I believe the under-profiled black serial killer is also the
consequence of their proclivity for and love of killing, random, wanton
savagery for no reason other than for the sake of killing (as, ie., rabid dogs,
which distinguishes them from and positions them below other feral beasts) and
otherwise, and an historic predisposition toward canabalism. After all, the
contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls
for a white perp in terms of ‘profile’ which is of course, ridiculous. I
believe the under-reporting is owing to multiple killings by blacks being
classified as something other than ‘serial’; ie., gang, gang related,
‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a
reality that’s under-reported. Take a look at the following brutally
uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport:
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)Jervon
Miguel Coleman (Murdered three people.)Donell
Ramon Johnson (Murdered a mother and a daughter)Brian
Ranard Davis (6 women known murdered by nigger)Paul Durousseau
(Seven women)Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)Coral Eugene Watts
(11 women in Texas & 1 in Michigan)Anthony
McKnight (Five girls and young women)Derrick Todd Lee
(8 Women)Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)The Zebra Killings
(71 White people)Chester Turner
(L.A.s most prolific killer 12 women killed.)Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)Henry Louis
Wallace (Raped and strangled 5 women to death.)Charles
Johnston (Murdered 3 unarmed white men in hospital)Craig Price
(Brutally murdered 3 women)Harrison
Graham (Brually Murdered 3 women)Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)Ivan Hill
(killed 6 in Los Angeles area).July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
the myth that only white men commit such crimes .Black Serial
Killers http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved
In Fights At Mall Of America After Rumors That Rappers Are There...
3-02-12 GOV'T MOTORS
halts production of CHEVY Volt... Lays off
1,300... BLAMES
MEDIA FOR LOW SALES...
Obama: 'I
Don't Bluff'[ Yeah … he doesn’t bluff, he just b***s***s profusely … What this
nation and this world DON’T NEED is some mentally troubled mulatto negroe
desperately trying to prove himself in an election year to be something other
than what he’s already proven himself to be; viz., a complete and utter failure
as president! ] ...
Ann Romney
brushes back Bill Clinton (careful Ann … don’t stand too close to ‘bad boy
billy’; he might try to lick your rear end or hump your leg, dog that he is;
and, be sure not to bring up those then ‘presidential-qualifying’ illegal Mena,
Arkansas cocaine drops which is a business he better understands.) ...
Judge Orders
Illegal High School Valedictorian To Leave US … [ I have found Colombians to be
very intelligent, civilized, decent and honorable people (despite attempts to
paint them otherwise vis-ŕ-vis the illegal cocaine ops which are really
primarily of american instigation and utility. The more likely reason for this
absurd result is that she forgot to pay the expected judicial bribe, one way or
person or another. That said, keep in mind america’s a far cry from what it
used to be in terms of reasons to want to stay here. ) ... OIL HIT
$110+ Disputed
report of Saudi blast causes frenzy... India
resists call to cut Iran imports... REPORT: Real
inflation at 8%...[Actually, even much higher!]... Your Share
of Fannie, Freddie Losses: $1,300... Two more
American troops killed by Afghan soldier... Obama:
Apology 'Calmed Things Down'… [Riiiiight! That reliable b***s*** effect… only
in america…]... Afghan
government calls for trial for Quran-burning soldiers... Russia
accuses US of meddling in presidential vote [President Putin has every reason
to accuse the corrupt, defacto bankrupt and envious u.s.]... Internet
Outage at Pentagon... EXCLUSIVE: BREITBART'S LAST HOUR Death to be
reviewed by L.A. County coroner...
Sheriff
Joe's posse: 'Probable cause' Obama certificate a fraud... 'Forgery'...
2-29-12 DOWNER! Bernanke
warns lawmakers nation headed for 'massive fiscal cliff'... China
holdings of US debt at $1.15 trillion... Ron Paul:
Fed's 'going to self-destruct'...
Energy
Secretary Chu Admits Administration OK with High Gas Prices...
Thieves
Drilling Into Gas Tanks...
2-28-12 Gas Prices
Hit $5 On Long Island... ...new worry
is $6 Detroit
Councilman Proposes Gas Stations Hire Security Guards...
GOOGLE in EU
showdown over privacy rules...
Revealed: US
plans to charge WIKILEAKS' Assange...
More Teens
Getting Jobs To Help Parents... Israel faces
resistance over Iran strike... US
security officials remain opposed...
Congressional
committee to consider tax breaks for mustaches... 3 doomsaying
experts who foresee economic devasation ahead...
RASMUSSEN
POLL: Obama Approval at 45%, Lowest in Month -- Falls Behind Romney, Paul...
Paul
43% Obama 41%
Obama
45% Santorum 43%
Obama
49% Gingrich 39%...UK
Government 'has run out of money'... Obama
Plays Race Card, Calls on Churches to Support Campaign... Launches 'African Americans for Obama'... Forgets
name of governor -- who is chairman of Dem Guv's Assn... OBAMA
TO CUT HEALTHCARE FOR TROOPS... CLAIM:
Godfather threw 25% of Chicago kids under bus... Oil
price rise raises specter of global recession... U.S.
water bills to triple... Credit Card
Debt Nears Toxic Levels...
NYT: Obama
using Espionage Act to 'silence and prosecute federal workers'...
NYPD
surveillance of students called 'disgusting'... White House
pumped millions into program... Liberal
groups demand investigation...
2-24-12 NOVEMBER
SURPRISE! Debt doomsday may come sooner than expected...
12 killed in
bloodiest day yet of Koran-burning protests... Mobs charge
US bases...
2 MORE
AMERICAN TROOPS KILLED IN KABUL
Michelle O
Raps the Rich -- at Swanky Fundraiser...
GEITHNER:
Rich must pay more for 'privilege of being an American'… [ Wow! That’s a bad
pitch! Bye, america! ] ... World's most
famous atheist: I can't be sure God doesn't exist…[Well, that at least makes
sense; because, quite simply, there is a God! ] ...
Karen
Santorum: Husband's surge 'is God's will'... Karen
Santorum: Presidential run is 'God's will' (Washington Post) [ The place they call
Heaven to Karen Santorum: News Flash – God has more important things and worlds
to attend to … Further News Flash – Though not popular fare among rationalizers
… Look around you, worldwide. Clearly, the world where the Christ was brutally
crucified (it would happen again and again here) is certainly not God’s
favorite, euphemistically speaking … Final News Flash – No, the Christ was not
sent here by God to be brutally murdered / sacrificed like some animal in some
pagan ritual for the sake of some primitive species evolved from initially
notochords, primitive chordates, and relatively more recently primitive apes.
Summary Conclusion: Decades at best, people don’t flatter yourselves; in
earthly vernacular, God doesn’t give a flyingf*** about this, or any other
election. Deceivers all (look at all the pervasive frauds, deceptions embraced
by so many), do not deceive yourselves. http://albertpeia.com/anthroindex1.htm
]
2-23-12 Afghan
soldier kills two American troops at protests... Taliban:
Kill foreigners over Koran burnings... Riots...
OIL JUMPS TO
$108+... America's
Per Capita Government Debt Worse Than Greece... http://albertpeia.com/debtpercapita.jpg
IRS delays
in sending tax refunds continue...
2-22-12 Gas Prices
Jump 10 Cents -- in Two Minutes! $6 GAS Record oil
price sparks fears... US EMBASSY IN
KABUL ON LOCKDOWN AS KORAN BURNING PROTESTS EXPLODE... FEDS: Fresh
milk 150 times more dangerous... 'Propaganda'...
Gov't
launches war on hair dryers...
Percentage
of Americans who pay NO TAX hits 49.5... GODFATHER
II: Rahm to co-chair Obama re-elect... OIL HITS
$106... White House
seeks to deflect blame... GALLUP:
Unemployment Rises to 9% In February... SATISFACTION
WITH COUNTRY WORST SINCE CARTER... Michelle
hits the slopes in Aspen month after Hawaiian holiday... 16th
vacation in 3 years…[ Something a bit negroish about this seeming predisposed
proclivity for all the vacations of the obamas which I’m not the first to take
note of; then, as well, there’s wobama’s spending greater than that of all the
presidents since Eisenhower combined – well, you know, it’s an election year - that ‘nigger-rich’ phenomenon despite the
nation being virtually insurmountably defacto bankrupt! ] ... For Baby
Boomers, it's now 'work til you drop'... Gas prices highest ever for this
time of year... $4.93 in Los
Angeles... Already,
talk of summer 'staycations'... IRAN CUTS
OIL TO UK, FRANCE... Saudi Arabia CUTS Oil Output... Oil prices
hit 9-month high... Iranian
warships dock at Syrian port... US, Britain
urge Israel not to attack... FEBRUARY:
Gas prices rise to $4 in Los Angeles... Record High For Month... President
Putin unleashes wave of anti-American sentiment... Britain
fears new Cold War over Iran... Iran sends
'message of peace and friendship'... Turkey will
not allow NATO to share intelligence with Israel {Wise!}... CAMPAIGN:
OBAMA TOUTS PLANT HE TRIED TO CLOSE... Michelle
Obama takes a ski vacation... Dem
convention co-chair's company got $230m in federal loans for 'green'
projects... PAT
BUCHANAN: I'VE BEEN BLACKLISTED! OUT AT MSNBC…[ This is rather incredible, and
certainly pathetic! Always a voice of reason and whose fact-filled, fact based
writings and positions were typified by fearless candor, this tragedy of
monumental proportion hearkens back to another dark time in american history
when such blacklisting / censorship was common place even as though over-reaching
the threat though exagerrated was more real. Indeed, today, the purported
threat is in reality exposure of the clearly incompetent, misguided and corrupt
actions of government bureaucrats who consistently attempt to cover up their
failings which have caused this indisputable decline of, from his perspective,
a once great nation. ] ... Dollar Getting No Respect... CBO: Longest
Period Of High Unemployment Since Great Depression... USA will hit
debt limit before election day... China wants
say in World Bank choice; Challenge US grip…[Indeed. After all, reality should
count for something.]... Obama loses
financial backing of big San Fran donor…’ "I don't know where he stands on
anything,"
– [ Join the club, Mrs. Buell. It’s a club that includes wobama himself, until
the teleprompter speaks. ] ‘...
2-15-12 $3.9 Billion
in Fed Cash Flowed to Energy Firms With Ties to White House... Insiders had
'huge stake in decisions'... Big donors reap subsidies...
China
Reduces Holdings of U.S. Treasuries... ...lends
more than $75bn to Latin America Egypt state
media accuses US of spreading anarchy... Greek
rhetoric turns hot... 'Forces'
pushing Athens out of euro...
2-14-12 Heightened
Security in U.S. Over Iran Threat; Police Guard Jewish, Israeli Targets... WARSHIPS
SAIL THROUGH HORMUZ... US, Europe
look at crippling financial lifeline... Ahmadinejad
to show off new nuke facilities... 'Neutralized'
Stuxnet virus... Decision On
Iran Attack To Be Made 'By Summer'... GAS PRICE UP
83% DURING OBAMA EU divisions
threaten aid for Greece... REPORT:
Chicago most corrupt city in USA...
2-13-12 ATHENS BURNS Greece
passes new austerity bill... Rioting
Intensifies... Soros Slams
Merkel; Warns of 'Great Depression'... Samuel L.
Jackson: 'I Voted for Obama because he's black'... US SENATE
BAILS OUT BARBER SHOP... Budget to
increase taxpayer losses on TARP... US SENATE
BAILS OUT BARBER SHOP... TMZ: Houston
died of drug, alcohol combo... REPORT: Not
enough water in lungs to have drowned... 2-10-12 Obama budget
to miss deficit goal... -$1,330,000,000,000.00...
BISHOPS:
Obama Solution 'Unacceptable'... Burned by
Religion Once Again...
NRA: Obama
will 'erase' 2nd Amendment next term...
34 ITALIAN
BANKS DOWNGRADED...
Head of
CPAC: Jeb Bush could emerge at brokered convention…[Head of Reality: wobama’s
dream come true!]...
Argentina
accuses UK of deploying nuke weapons near Falklands... Sub rub...
2-9-12 Rep. Bachus
faces insider-trading investigation... Developing...
'Homeland
Security' monitoring Internet for anti-govt sentiment, social unrest... Archbishop:
Obama Needs To Stop 'Intruding Into Internal Life Of Church'... 'Betrayed'...
LAPD SETS UP
DOMESTIC 'WAR ROOM'
WIRE:
Foreclosure Deal to Spur Home Seizures... Greece deal
fails to convince, EU demands more... Fresh wave
of strikes... 2-8-12 Obama
approval rating 'below historical reelction standard'...
REPORT:
Gov't Dependency Shoots Up 23%, Biggest Jump Since Carter... REICH: Obama
Has Handed Election Over To Super Rich...
International
'militarization' in Syria growing closer... China
defends veto … {Really not necessary in light of u.s., israel, eu irrationality
} ...
POLAR ICE
CAPS MELTING LESS THAN THOUGHT... STUDY:
Himalayas, nearby peaks lost no ice in past
10 years... Scientists
'stunned'... 'I Feel
Duped'...
2-7-12 Greece:
'There's no more left to cut'...
PAPER:
NRC Publicly Told Americans No Danger After Fukushima... Private Emails Tell Different Story...
Lawmakers
Protest Removal of 'GOD' reference from Air Force Patch…[Yeah, I guess beyond
propaganda that was just too much a stretch, given their Godless activities in
recent times! ]... Greece takes
step closer to default... Europe's
banks face challenge on capital... Record
global sales of junk bonds...
CHURCH VOWS
WAR ON OBAMA 'FIGHT
IN STREETS' Lieutenant Colonel Breaks
Ranks: Pentagon
painting false picture of Afghan war... 'Military
leaders have let us down'...
2-3-12 HAPPY DAYS
ARE HERE AGAIN: Jobless Rate Falls to Lowest in Three Years... Nasdaq Hits
11-Year High as Stocks Roar... OBAMA WARNS
CONGRESS: 'DON'T MUCK IT UP'.. Romney:
Obama DOES NOT Deserve Credit... Record 1.2M
FALL OUT Of Labor Force... SANTELLI: Here's What's Wrong
With Data...
Artist
Depicts Obama Trampling The Constitution... Cameron Fleeing
America To Escape Collapse!!!!!? Ahmadinejad calls for new world
order... Holder: I
Knew Nothing About 'Fast and Furious' Gun-Walking... To Puerto
Rican Rep: 'Wherever you're from'... NYT loses
$40million in 2011...
Woman
Deported to Mexico; Feds Take Custody of Her Four Children...
2-1-12 MASTER
DIRECTOR JAMES CAMERON: I'M LEAVING USA!
US DEBT
BALLOONS: $15,356,140,000,000...
El Centro, CA:
26.8% unemployment rate!
GALLUP:
State polls predict huge Obama loss... MITT 47%
NEWT 32% RICK 13% RON 7%... Full delegate count so far... RUBIO: FL
WINNER WILL BE NOMINEE...
Obama runs
up another
trillion-dollar deficit... CBO says
real unemployment at 10%... Federal
taxes to jump 30% in 2 years... SHOWDOWN:
Issa threatens Eric Holder with contempt...
CA
to run out of cash by early March...
Soaring Beef
Prices Force Shoppers To Find Other Options... Teacher On
Leave For Telling Class White Students Easier To Teach Than Blacks … [ Duh! Of
course that’s true! Before you can solve a problem, you must identify and
acknowledge the problem! ] ... Video of
black teens savagely beating white boy posted on FACEBOOK; gets 25 'likes'
(probably by blacks) [ People must realize that you will never change the
uncivilized, less evolved nigger. White people are self-destructively crazy to
pretend and even try! ] ... http://www.albertpeia.com/whitesvictimizedbyblacks.htm , Black Serial Killers http://www.amren.com/news/news04/03/03/blackserial.html
]VIDEO
[EDITED]...
1-30-12 BUCHANAN:
Reagan White House saw Newt 'political opportunist... not trusted'... HUNT:
Gingrich May Be Trying to Win One From the Gipper... PALIN:
'Annoy A Liberal. Vote Newt!' George Will:
'We're At The Horrid Stage'... Gingrich:
Romney 'Breathtakingly Dishonest'... 'Pro-abortion,
pro gun-control, pro tax-increase'... PREDICTS 5
MORE MONTHS OF THIS... Hints
Santorum should get out... Romney Mocks
Gingrich: 'Look in the mirror'... POLLS,
POLLS, POLLS...
GALLUPUSATODAY
POLL OF SWING STATES: Obama
47% Romney 48% Obama
50% Paul 43% Obama
51% Santorum 44% Obama
54% Gingrich 40% FRED
DECLARES: Romney has 'DRUDGE in back pocket'… [ I think Fred’s wrong … I don’t
think Romney has Drudge in his back pocket … I think Drudge favors Romney for
Anne Coulter whom he likes! ] ...
Rep. West
Torches Obama, Reid, Pelosi: 'Get the Hell Out of USA'...
GAFFE:
Obama: 'We've created 22 3 million jobs'...
Investors
face 70% loss in Greek deal... China Buying
Record Quantities of Gold... -80F in
Alaska! All-time USA record low temp almost broken but
thermometer breaks! 1-27-12 TWITTER's
new censorship plan rouses global furor... USA falls to
47th in press freedom rankings...
PAPER:
Pentagon Seeks Mightier Bomb vs. Iran... REAL GDP
COLLAPSE: 1.7% FOR YEAR Bankrupt:
Electric Car Firm Got $118.5 Million Stimulus, Biden Visit... ROMNEY: THE
MOON CAN WAIT... Newt Gingrich promises to build a moon colony by 2020; make it a
U.S. state Wow! Absolute proof that
the slimy newt’s not dealing with a full deck. Say anything? This takes the
cake! The ‘idea man’? Sure, all he needs is Aladdin’s lamp and infinite
capital! Oh yeah, reality nothwithstanding, nasa boondoggles sell well in Cape
Canaveral, Florida (and Houston, Texas). Note, he couldn’t just ‘go to the moon
for the first time’ (that fake video with the flag waving in the moon’s windy
atmosphere yet another example as on fraudulent wall street of that pervasively
addictive hopium)
America’s
debt woe is worse than Greece’s News $211 trillion . How pathetic and desperate, that slimy newt! ] NECK-FOR-NECK…[moon
can wait, indeed; clearly a lucid moment for Romney, yet when asked about the
2-state solution, like a gumball machine he regurgitates the neocon/israeli
line that the Palestinians want to eliminate israel when the truth is that the
converse precedes and is truer; that is, that israel wants to eliminate
palestinians and has with american fed military might acted
accordingly…typical, total hogwash!]... Ron Paul:
Diplomatic relations with Cuba... Gingrich jab
at debate moderator deflected... NYT: DRUDGE
slammed for Anti-Gingrich Assault... KURTZ:
DRUDGE 'has never been part of any establishment' [ I’d say that’s a good thing
and more reason to as I make Drudge a daily read! ]...
PUTIN: USA
WANTS TO CONTROL EVERYTHING...
1-25-12 NEWT
FLASHBACK: REAGAN WAS RESPONSIBLE FOR NATIONAL 'DECAY'... 'The Reagan
administration has failed, is failing, and without a dramatic change in
strategy will continue to fail... President Reagan is clearly failing'...
INSIDER:
GINGRICH REPEATEDLY INSULTED REAGAN NEWT SLAMMED
SENATE REPUBLICAN LEADER DOLE: 'THE TAX COLLECTOR FOR THE WELFARE STATE'... R. EMMETT
TYRRELL: William Jefferson Gingrich... COULTER:
RE-ELECT OBAMA: VOTE NEWT!... 'Conservatives
should not be surprised by scandals that lie ahead'...
What Reagan
Thought of Newt -- Excerpt from The Reagan Diaries...
State of the
Union Ratings Down 12%... Obama's
Lowest...
MERKEL CASTS
DOUBT ON SAVING GREECE FROM MELTDOWN... Portuguese
bonds hit as traders fear default... Soros Warns
Of Dark Times...
Iran
threatens to act first on EU embargo... Tehran
could block oil exports... Iran-China
trade soars... OBAMA HAS HEATED ARGUMENT WITH AZ
GOV.... DEVELOPING... Flashback:
President Gave Same Treatment to Jindal...
1-24-12 BRUINS
GOALIE SNUBS OBAMA... CURL: The
Truly Dismal State of the Union... PELOSI
THREAT: NEWT WON'T BE PRESIDENT 'THERE IS
SOMETHING I KNOW'
Rubio
Defends Romney From Gingrich Attack...
GETTING OUT:
1,000+ Americans ditched their citizenship over taxes...
Buffett
would profit from Keystone oil cancellation... Billionaire's
secretary to sit in
first lady's box for State of Union address... 'Couldn't
Sleep'... Boehner
invites pipeline workers... Obamanomics:
Price Of Gas +83%, Ground Beef +24%, Bacon +22%... DETAILS:
Daniels Blasts 'Extremism' in Response...
Romney gave
15% to charity; Obama 1%... Biden gave
$369...
Post Office 'Needs to Cut 260,000
Jobs'...
Rand Paul
refuses patdown... 'I was
BARKED AT: 'Do not leave the cubicle!'... 'Police
state growing out of control'... On way to
Senate, March For Life... Constitution:
'Privileged From Arrest'... 'HOMELAND'
DETAINS U.S. SENATOR WHITE
HOUSE SIDES WITH TSA OBAMASCARE:
Supremes refuse to consider Kagan recusal... MITT FIRE:
SPEAKER NEWT 'RESIGNED IN DISGRACE'... Calls
Gingrich 'Highly Erratic'... 'It's an
October surprise every day'...
PAWLENTY:
OBAMA WOULD BEAT GINGRICH...
NEWT EATS
THE PRESS... Coulter: SC
Voters Rather Have Snotty Remarks Toward Obama Than Win... 953 dead
people voted in SC? Gingrich
plans speech on space...
Romney:
Gingrich 'failed leader,' 'disgrace'... Santorum
sticks around and gives grief... Dems still
fixated on Romney...
FLASHBACK:
Gingrich favored censoring web to fight terror...
Obama
signals State of Union a campaign rallying call... Ombudsman to
WASH POST: Hit Obama Harder...
DEFIANT:
Greece presses EU to ease Iran oil sanctions...
Flaming-horned
bull fatally gores man in Spain...
COPS: Black
Woman cut baby from womb, let mother die… (you may recall a similar case
involving a black female perp – such savagery) ...
CYBER WAR:
Feds SHUT DOWN file-sharing website; No trial, no due process... 'This is
just the beginning'... 'Anonymous'
Goes on Revenge Spree ... DoJ, RIAA,
MPAA, and UNIVERSAL MUSIC All Offline... GOOGLE
Already Using SOPA-Like Censorship... Republicans
stand together to oppose 'piracy' law...
Canada
Pledges to Sell Oil to Asia After Obama Rejects Keystone Pipeline... China gets
jump on U.S. for Brazil's oil...
DEFIANT:
Greece presses EU to ease Iran oil sanctions...
Final
hours... Romney
Pushes Gingrich to Disclose Ethics-Probe Details... NEWT'S
PUBLIC CLASH WITH REPORTERS -- DIFFERS FROM PRIVATE... Chuck Norris
endorses Gingrich! Livingston:
'Newt is Volatile'... NETWORK SOURCE:
Newt Cancels ABC's THIS WEEK For Sunday... Developing... Romney sings
Happy Birthday to SC gov.... Insiders
coalescing... 5 MILLION
WATCH CNN DEBATE [6.2 MILLION MTV 'JERSEY SHORE', 18 MILLION 'AMERICAN
IDOL']... Santorum: SC
is NOT end of line... PAPER:
'America hates Newt Gingrich'... Citadel
Cadets Differ on Republican Favorite...
POLL:
Romney, Ron Paul Tie Obama... German
Deputy: S&P Downgrade Part of American 'War Against Euro' … [ Well, it’s
about time someone acknowledged the reality of what’s been going on; which of
course brings into focus the absolute stupidity attendant to europe’s ‘go along
to get along’ policies vis-ŕ-vis america which depite obfuscation is far more
bankrupt than europe and far more desperate. It could have been totally
different for europe. ] ... HANDS OFF
THE INTERNET! LAWMAKERS
RETREAT FROM 'ANTI-PIRACY' BILL... Rubio
Withdraws Support... 'Could
Have Many Unintended Consequences'... DNC chair
supports... Treasury
dips into pension funds to avoid debt... Obama kills
Keystone pipeline; Blames Republicans... Says more
jobs in jobless benefits... GOP calls
Hillary to testify...
AP: ABC TO
AIR THURSDAY NIGHT... GINGRICH
DAUGHTERS: 'The failure of a marriage is terrible and emotional experience'...
NEWT EX-WIFE UNLOADS Wed Jan 18 2012
Marianne Gingrich has said she could end her ex-husband's career with a single
interview… UPDATE: The
AP reports ABC is now likely to air the segment Thursday on NIGHTLINE.
Russia warns
strike on Iran would be 'catastrophe'... FITCH: Greece to Default, 'Will Be
Orderly'... Portugal
moves into default territory...
FDIC Requires Big Banks to Have
Breakup Plan...
FOREIGN COMPANY BUYS U.S.
ELECTION RESULTS REPORTING FIRM... GLOBAL
REPORTING RAISES ALARMS...
CHICAGOLAND:
Pit Bulls Attack Jogger, Chew Off Foot…[ When have you ever heard of a cat
doing that? Or killing infants/children? Cats are ‘humans best friend’! ]...
WILL RETURN
LOST DRONE -- A MINIATURE PINK PLASTIC ONE... Russian
State TV bashes new U.S. ambassador...
CHICAGOLAND:
Video Of Teen Beaten By 7 Thugs
YOUTUBE...
Man Fatally
Beaten Steps Away From Liberty Bell In Philly…
All Four
Wheels Stolen From Cars At Dealership... new york…police officers are investigating a rash of tire and rim thefts that leave victims with their
cars on piles of bricks. Last week, five cars parked in front of private
homes were hit…comment: Happens all the time in Maryland. [ Much worse happens
all the time in pervasively corrupt/defacto bankrupt, meaningfully lawless
america, home of the brave … criminals and mentally ill! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog
BUST: Another
Gov't-funded solar company lays off most of staff... La dégradation: S&P Cuts Credit
Ratings for NINE EU Nations... Friday 13th
Shakes Europe... France
stripped... POLITIZAP:
Sarkozy braced for impact... Italy
tumbles... Austria
Loses... Germany
Spared... BRINK: Banks
Say No Deal on Greek...
LET'S GROOVE
… [ ALEXANDRIA, Va. (AP) — They called it “random dancing”
but First Lady Michelle Obama broke out some moves that resembled subdued
variations of “the Monkey” or “the Jerk” Friday during an appearance at a
northern Virginia high school… (she’s comfortable with the monkey / jerk) ] ... [ see http://www.albertpeia.com/chimpodoinmonkeyjerk.htm ]'Dance Party
For Obama'... MAG: Mossad
agents posed as CIA in operation… [ "It's amazing what the Israelis
thought they could get away with," a US intelligence officer told Foreign
Policy. "Their recruitment activities were nearly in the open. They
apparently didn't give a damn what we thought," said the official. ]...Iranians
chant 'Death to America' at funeral for nuclear scientist... Defiant
Ahmadinejad wins backing of Latin American allies... 'HOMELAND
SECURITY' MONITORING DRUDGE 'WILL RETAIN
INFORMATION' BELAFONTE: OBAMA LACKS 'MORAL COMPASS'... HOLDER
ENDORSES OBAMA POWER GRAB... Labor board
holds 'meet and greet' for appointees that by-passed Senate... UPDATE:
Retail sales fail to hit forecasts... 'Worst
Economic Recovery Since Great Depression'... GONNA NEED
ANOTHER TRILLION... Debt Nears
$15,194,000,000,000.00 Ceiling.. http://www.rasmussenreports.com/public_content/politics/elections/election_2012/election_2012_presidential_election/2012_presidential_matchups Election
2012: Generic Republican 47%, Obama 43% , Election 2012: Obama 44%, Romney
41% , Wednesday, January 11, 2012 -The Rasmussen Reports daily Presidential
Tracking Poll for Wednesday shows that 22% of the nation's voters Strongly
Approve of the way that Barack Obama is performing his role as president.
Thirty-nine percent (39%) Strongly Disapprove, giving Obama a Presidential
Approval Index rating of -17 ]Abandoned
Baby Found in 'Occupy DC' Tent... Greek
children 'dumped in streets' as parents struggle... TENSIONS
RISE: AHMADINEJAD TOURS CUBA... Pentagon
moves carriers, denies Iran link... Nuke
Scientist Assassinated... Third
Killed... USA presses
China over Iran oil imports... Jolie
'disappointment' in Obama... 38,000
Farmers, Ranchers Sue Corzine Over Missing Million$... NH RESULTS:
MITT 39% RON 23% JON 17% NEWT 10% RICK 9%... Ron Paul To
Everyone But Romney: Drop Out... UPDATE: Pat
Buchanan suspended indefinitely by MSNBC…[This is a tragedy typical of the
left; to silence the staight-shootin’, perspicacious Buchanan, censor the
internet/speech, arrest/detain americans without charge/constitutional
protections, etc... Beck
said that President Obama had “a deep seated hatred for white people.”The group
similarly succeeded in a campaign to have conservative website mogul Andrew
Breitbart banned
from the front page of The Huffington Post, after Breitbart called
the organization’s co-founder Van Jones a “cop killer-supporting, racist,
demagogic freak. And a commie. And an eco-fraudster.”…’] White
House threw secret 'ALICE IN WONDERLAND' bash... 'Punch
served in blood vials'... WH
'covered up'... Officials
'nervous about how splashy party would look to jobless Americans'... WH: 'You
can't believe everything you read in books these days'... BYE BYE... FLASHBACK:
Daley planned to leave AFTER election... Michelle
(the repulsive, chimpish black) distressed about power of 'white Irish
Catholic'... New Obama
Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage
Defaults... Castro:
'Robot' better than Obama, Republicans... KODAK
Preparing for Chapter 11 bankruptcy... CEO on
Obama's Jobs Council... BOEING To
Lay Off More Than 2,100 Workers At Wichita Plant... L.A. arson
wave grows to 40 fires; most since 1992 riots... UPDATE: 16 new arson fires around LA... Italian president urges sacrifices to save economy... Sarkozy: France's future hangs in balance in 2012... Greeks must avert economic collapse, euro exit... PAPER: Loss of faith in politicians, democracy could
make '12 most frightening year in living memory... REPORT:
OBAMA SPEEDS UP IMMIGRATION VISAS EVEN IF FRAUD IS SUSPECTED... New laws
take effect -- 40,000 of them! [ Arbitrarily enforced if at all – a nation
of ‘lawslessness’ – what a bunch of frauds! See here - http://albertpeia.com/ fbimartinezcongallard.htm , http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf , http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ! Motorcycles,
Bicycles Allowed to Run Red Lights... Michelle
Obama Jokes: 'I Kind Of Like' Being Called Your Excellency [… yeah, kind of
like in a ‘SubSaharan africa / Planet of the Apes’ kind of way… I find her
wobamish jive-talking and chimpish look repulsive … what a fallen nation! ] ... Cat survives
2 euthanasia attempts at shelter... Christian
University Sues Federal Government Over Obamacare... AS IOWA
TURNS: NEWT WEEPS Floats Palin
for VP... Kills
Chapter on 'Climate Change' in Upcoming Book... On $4M
Vacation, Michelle Seeks $3 From Backers... Christie:
'After Three Years Of Obama, We Are Hopeless And Changeless'... Just 55%
Between 16 and 29 Have Jobs... Dow Logs Gain in Volatile Year;
S&P Ends Flat... Flurry of
Trades in Final Seconds Snatched Away 2011 Advance... Gold Ends
Year Up 10%... Euro ends
year as world's worst performing currency... NERVES: 'Flash Crash' Threatens to
Return With a Vengeance... Women
(blacks) trade punches over Air Jordans... Pandemonium
as shoppers race for shoes... Cops pepper
spray mob (of blacks) ... Brawl... Gunfire... They Can't
Wait, They (blacks) Break Into The Mall... SEASON'S
BEATINGS! GALLUP:
OBAMA HEADS TO HOLIDAY WITH 44% APPROVE... OBAMA:
'There is a laziness in me' …(Indeed there is, no need to remind us) ... 2011 likely
worst year for house sales on record, dating back to 1963... Brazil's
Economy Overtakes Britain As Sixth Largest... French
unemployment at 12-year high... REPORT:
Internet censor bill would target political websites... Oil price
climbs amid Iranian threat... Vows to stop
Gulf oil if sanctions widened... I NEED
ANOTHER $1.2 TRILLION…[so says ‘wobama the b for b***s***’ of defacto bankrupt
america]... Cuomo wants
casino in New York City…[ Sure … save the mob that sometimes inconvenient (and
costly ‘cut’) ‘trip’ to atlantic city, n.j. with the laundered (drug, etc.)
loot / money … what would you expect from a typical n.y./n.j. guinea ] ... Pelosi Slips
Quietly into Hawaii Resort; $10,000 a night suite... REPORT:
Pelosi wants to retire -- says daughter [ must be miffed about that ‘no pay
raise’ this year ] ... Paul gets
front-runner's welcome... MICHELLE
SPORTS $2K SUN DRESS... MCDONALD'S
Offers Free Coffee During Tough Economic Times... STOCKS TURN NEG FOR YEAR... Russia
scolds United States for human rights abuse... MELEE AT
MALL OF AMERICA... Man beaten
by robbers -- who stole new Air Jordan sneakers off his feet!... Hundreds of
Teens Run Wild After Rumors That Rappers 'Lil Wayne, Drake Are There... VIDEO: Mayhem, Screams... California soldier shot at his homecoming party [ From one war
zone to another! ]Islamists kill dozens in Nigeria Christmas bombs [ Blacks’
black Christmas! Typical! ]For
‘self-defeating / self-destructive’ ‘political correctness’ or otherwise, I
believe the under-profiled black serial killer is also the consequence of their
proclivity for and love of killing, random, wanton savagery for no reason other
than for the sake of killing (as, ie., rabid dogs, which distinguishes them
from and positions them below other feral beasts) and otherwise, and an
historic predisposition toward canabalism. After all, the contra-indicated
mainstream ‘politically correct’ view (tv and otherwise) calls for a white perp
in terms of ‘profile’ which is of course, ridiculous. I believe the
under-reporting is owing to multiple killings by blacks being classified as
something other than ‘serial’; ie., gang, gang related, ‘typical’, etc..
Moreover, the anti-white bias of the black perps is also a reality that’s
under-reported. Take a look at the following brutally uncivilized black on
white violent rapes/murders:http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Black Serial/Mass/Spree Killer List:Matthew
Emanuel Macon (Murdered and Raped 5 White Women in Lansing)Jimmie
Reed (Murdered his wife and his 2 month old daughter and set them on fire)Shelly
Brooks (Murdered 7 prostitutes in Detroit Cass Corridor)Justin Blackshere
(Stabbed two white cooks at Cheli’s Chili downtown Detroit)Jervon
Miguel Coleman (Murdered three people.)Donell
Ramon Johnson (Murdered a mother and a daughter)Brian
Ranard Davis (6 women known murdered by nigger)Paul Durousseau
(Seven women)Mark Goudeau “The
Baseline Killer” (Eight women and a man in 2005-2006)Coral Eugene Watts
(11 women in Texas & 1 in Michigan)Anthony
McKnight (Five girls and young women)Derrick Todd Lee
(8 Women)Charles
Lendelle Carter (4 known murders; admits to ‘hunting’ Atlantans for 15
years!)The Zebra Killings
(71 White people)Chester Turner
(L.A.s most prolific killer 12 women killed.)Lorenzo
J. Gilyard (Kansas City, MO.—13 victims)Eugene
Victor Britt (Gary, IN.–3 known murder/rapes.)Reginald and
Jonathan Carr (The Wichita Massacre–6 Whites murdered)Ray Joseph
Dandridge and his uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people
in 7 days, including an entire White family.)The
Tinley Park Murderer (Suspect hasn’t been found but has been described as
black – murdered 5 women in a store.)Henry Louis
Wallace (Raped and strangled 5 women to death.)Charles
Johnston (Murdered 3 unarmed white men in hospital)Craig Price
(Brutally murdered 3 women)Harrison
Graham (Brually Murdered 3 women)Charles
Lee “Cookie” Thornton (Murdered 6 Whites at the Kirkwood, MO. city council.
)Darnell
Hartsfeld & Romeo Pinkerton (Abducted and Murdered 5 from a restaurant)Ivan Hill
(killed 6 in Los Angeles area).July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’Of
Course There Are Black Serial Killers by Lynette Holloway
on July 15, 2010 The case of the
"Grim Sleeper" inspires a second look at the popular perception that
serial killing is the province of clever white men.Serial
Murderers' Row July 16, 2010 The
following black men are among the most prolific serial killers in U.S. history.
http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus:
the myth that only white men commit such crimes .Black Serial Killers http://www.amren.com/news/news04/03/03/blackserial.html 200
Involved In Fights At Mall Of America After Rumors That Rappers Are There...
Oil price
near $100 on global security concerns...
Investors Lose Faith in Stocks As
Billions Pour Out of Funds...
DANGER: Fed
asks banks to keep more cash at hand...
IMF: World
economy at a 'very dangerous juncture'... 90
Congressmen have 'no confidence' in Eric Holder, say he should resign... HAPPY HOLIDAYS: USA
DEBT NOW $15,123,841,000,000! Russia and
US clash over NATO bombing probe... UNITED NATIONS (AP) --
Russia urged the U.N. Security Council on Thursday to investigate civilian
deaths in Libya from NATO's bombing campaign…
Matt Damon
rips Obama again (abc’s ‘coco duo, rob mo and sunny ho disapproved’ of Matt’s
rather tame but forthright criticism of failed president ‘wobama the b for
b***s***’ for whom there is no legitimate defense!)... Chavez:
Obama a 'clown' president...
CONGRESSMAN:
Michelle (Yuk! I find her simian look alone repulsive! Then there’s the
jive-talk!) Obama 'has large posterior herself'...
'Lectures us
on eating right'...
Local Cops
Ready for War With DHS-Funded Military Weapons... Armored cars
with turrets, drones, military-grade assault rifles... REPORT:
Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with
taxpayer fleet buys...
FED-EX guy
chucks package over fence -- a computer monitor!
UK's AAA
credit rating threatened by 'formidable challenges'... 'Miracle' if
France keeps it...
IOWA GOV:
IGNORE PAUL WIN... VOTE WILL BE
HACKED! Chavez:
Obama a 'clown' president... “Mr. Obama decided to attack us,” Chávez said. “Now
you want to win votes by attacking Venezuela. Don’t be irresponsible. You are a
clown, a clown. Leave us in peace … Go after your votes by fulfilling that
which you promised your people. Focus on governing your country, which you’ve
turned into a disaster,” Chávez said, according to The Guardian…’ Read more: http://www.politico.com/news/stories/1211/70694.html#ixzz1hA7JMS1q ] PELOSI:
Extending Unemployment Benefits Will Create 600,000 Jobs... Cybersecurity
bill would establish 'federal big brother'... Internet
architects oppose US online piracy bills..
France's AAA
Outlook Cut as FITCH Reviews Ratings of Italy, Spain, Belgium... Most stock
funds post losses this year...
Gingrich:
Send US marshals to arrest judges who defy Congressional subpoenas... DANGER: BANK
OF AMERICA shares close below $5... Ron Paul
Warns Martial Law Being Established in USA... Missing $4,155? It Went Into Your
Gas Tank This Year…[ and into wall street pockets courtesy of the fed’s over-printed
Weimar dollars for QE’s, etc.]... PAPER: GOP
will take off gloves if Paul wins IA... FEAR: IOWA
VOTE WILL BE HACKED! Frantic
Bachmann 'everywhere' -- 13 stops in 1 day!
Widespread
Obesity Forces Coast Guard to Lower Max Number of People on Ferries…[ Wow! ]... US Capitol
Christmas Tree Honors Obama, Not Jesus Or Christmas...
Fears over
French credit downgrade...
China
villagers threaten to march on government offices... Communist
party tested... FLASHBACK:
Hillary says 'Free internet from political control'... Jews still
try to segregate Israel buses... By AMY TEIBEL Associated
Press [Yeah … they’re anti-women, anti-gentile, and … no surprise to me
, they’re anti-semitic … you heard it … anti-semites … Arabs are semites! Could
you imagine if such a thing happened to a jew or a black in america? You’d
never here the end of it! ] JERUSALEM (AP) -- Israel's political leaders and
chief rabbis on Sunday condemned persistent efforts by ultra-Orthodox Jewish
men to shunt Israeli women to the back of public buses, a year after the
country's Supreme Court outlawed the practice.The outcry came in reaction to an
Israeli woman's experience of being asked to move to the back of a bus, which
was Facebook and became a cause celebre
in the Israeli media on Sunday. The case even drew public comment from Prime
Minister Benjamin Netanyahu, who deplored gender segregation.Ultra-Orthodox
Jews, who make up about 10 percent of Israel's population of 7.6 million, have
become increasingly aggressive in their efforts to impose their norms in public
spaces. The ultra-Orthodox have segregated bus lines and some walkways in their
neighborhoods.In Jerusalem, billboards depicting women have become a rarity
because ultra-Orthodox vandals rip them down. The issue also has seeped into
the military, where religious soldiers walked out of a military event several
months ago because women were singing - which extremely devout Jews believe is
contrary to Jewish law.In the past, ultra-Orthodox Jews have confined their
strict practices to their own neighborhoods, alongside occasional attempts to
pass restrictive legislation banning sale of pork or opening shops on the
Jewish Sabbath.Recently the extremist Jews have been trying to impose their
norms outside their own enclaves, but the effects are scattered. Most of
Israel's secular majority is not directly affected.The Supreme Court was forced
to wade into the controversy last year, when it ruled on the segregated buses
and sidewalks. Although activists say harassment on buses has diminished since
the court ruling late last year, some fiercely devout are persisting with their
efforts to block the mixing of the sexes in public.Tanya Rosenblit, a
28-year-old woman from the southern town of Ashdod, discovered this last
Friday, when she boarded a bus to an Orthodox neighborhood in Jerusalem.
Shortly after she sat down behind the driver, a man wearing the black garb and
flowing sidelocks of the ultra-Orthodox boarded the bus and asked her to move.
She refused, and the man then blocked the bus from driving, she told The
Associated Press. She held her ground - even after a male police officer
dispatched to the scene asked her if she was "willing to respect them and
move to the back," she said….’
McQueary: I
saw Sandusky molesting boy... I TOLD
PATERNO... 15 EU Nations Placed on Negative
Credit Watch... Huntsman:
Trump debate 'is a joke’ [ Yeah! He’s got that exactly right … after all, what
can you expect from the joker, trump … a joke of course, or worse! ]' PERRY WON'T
KISS THE RING BACHMANN
WILL NOT ATTEND Obama
celebrates Hanukkah at White House... TWO
WEEKS EARLY? LIGHTS
ALL
THE CANDLES ... 'We Never
Need an Excuse For a Good Party'[ Riiiiight! There’s plenty to party about in
america today, and room for extra vacation time too! ]... COMING SOON:
AMERICANS IN GITMO... Bill allows
indefinite detention without trial... Obama
'demanded law apply to U.S. citizens'... Even Al
Jazeera asks: 'How did we get here?'
US
clears Iraqi airspace for Israeli strike on Iran... IRAQI
OFFICIALS SKIP U.S. END-OF-WAR CEREMONY...
China trims
holdings of US Treasury debt...
FORECAST:
GLOOMY... FITCH
downgrades 8 global banks... Crisis
'poses military risk'... IMF chief
warns over 1930s-style threats... French
leaders launch outspoken public attacks on Britain... PAPER:
Obama's Watergate...
SHE CAN'T
WAIT: MICHELLE TAKES OFF TO HAWAII... ENTOURAGE OF
MILITARY FLEET, LIMOS... FLASHBACK:
Obama exec order seeks to cut unnecessary travel...
RADIOHOST
SAVAGE OFFERS NEWT $1M TO GET OUT... Glenn Beck:
I'd consider Ron Paul as third party over Newt... Gary Busey
Endorses Gingrich...
Congress
considers bill to censor Internet... 'Free speech
kill switch'... Would
'criminalize' Internet... 'Communist
China is model'... MISSION
ACCOMPLISHED: Panetta says 'we're winning' in Afghanistan…[ Riiiiight! Sure …
if national insolvency is the goal and standard for victory. How pathetic
… oh yeah, if the americanized increased
heroin trade is also a goal and standard; but, only great for the select few
war profiteers and not at all anywhere near helping defacto bankrupt america
and actually costs more to america / world societies owing to the deleterious
effects, consequences, costs of the scourge of this hardcore, addictive
narcotic! ]...
Hundreds in
Fallujah burn U.S. flag to celebrate troops pulling out of Iraq …[riiiiight!
See, they’ve ‘won’ … though defacto bankrupt … including those ‘hearts and
minds’; as america’s doing throughout the rest of the Mideast / World … NOT!
]...
Senate
Dems kill bill that would have required balanced budget... THREATEN
CHRISTMAS GOV'T SHUTDOWN... House defies
Obama on payroll tax bill...
Paul rips
Romney, Gingrich as 'from the same mold'... AXELROD ON
OBAMA, NEWT: 'The higher a monkey climbs on pole, more you can see his butt'...
Dem lawmaker
blasts Obama as arrogant, alienating... MF Corzine
back before Congress... Denies
'misuse' of funds... Employee: He
Knew... Companies
blame unemployment on skills gap... Lack
of qualified workers, not demand, cited...
EURO PLUNGES... Euro Tumult
Shows Netherlands Converging With Germany at Expense of France...
ABC Debate
Draws 7.6 Million; Most-Watched of Year...
Obama: 'It
Doesn't Really Matter' Who Republicans Nominate … [among the very few things
he’s got right though not for the reason he posits!]...
PAPER: Fears
persist American jobs crisis cannot be fixed [They call it not fear, but
reality!]... Real
unemployment rate at 11%...
Industrialized
nations' borrowings to pass $10 trillion for year... PANIC: BANK
RUN IN LATVIA... Butter
shortage in Norway pushes price per pound to nearly $500... BELIEVE! TEBOW
DAZZLES NATION... Dowd: We
need faith like Tebow's in White House... UP EURS... UK
eurosceptic press jubilant at veto...
Sarkozy
'snubs' Cameron handshake... Worries grow
over IMF loans...
Average
Family Lost $21K in 6 Months Due To Property Values, Stock Market... Hill
staffers tweet of partying, 'idiot boss'... GOV'T MOTORS
LAYS OFF WORKERS... Lawmakers
press Volt's safety... Corzine
'stunned' cash can't be found... Lying 'has
to do with your state of mind' [ the’ holder view’ that loses hold of reality
in those ethereal nether reaches of the mind that precludes rationality’-
nothing to see here says he, it’s all in his mind … riiiiight! ] ... Hundreds of
NASA moon rocks missing! http://www.freerepublic.com/focus/f-chat/2325971/posts (you know … from all those trees on the moon
… from waving too hard in the breeze on the windy -NOT,no atmosphere- moon like
the american flag in the fake footage … what frauds!) ] Astronauts'
tracks, trash seen in new moon photos As
NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I didn’t
know there was such a thing. But I, and I’m sure all know that ‘u.s. politics
are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in we’ve all
been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants
mission to bring Martian rocks to Earth (AP) Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if
he already has the footage in the can since you won’t be able to use the moon
footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION). NASA's New Asteroid Mission Could Save the Planet Space.com -
Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld New Boondoggle promised to save NASA
boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and
Ben Affleck, et als, have already done this so it’s not as if they’re starting
from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to
Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the
cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has
returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com -
Bill Ingalls - The first man to pretend to
walk on the moon blasted President Barack Obama's decision to cancel NASA's
back-to-the-moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the
dutch national museum - a supposed moon rock from the first manned lunar
landing - is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock
given to an overseas politician by the united states is actually a lump of
petrified wood, museum authorities revealed yesterday. http://www.freerepublic.com/focus/f-chat/2325971/posts ... 'Moon rock' in dutch museum is just
petrified wood aug 27, 2009 ... http://www.collectspace.com/ubb/Forum14/HTML/000770.html Fake moon rock at dutch national museum.
Rijksmuseum / ap. This rock, supposedly brought back from the moon by american
astronauts, http://www.usatoday.com/travel/destinations/2009-08-27-rijksmuseum-moon-rock_N.htm
, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a
piece of petrified wood ... Another piece of evidence that shows again that
apollo program is indeed a fake and a typical american fraud! http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
]China's Hu
urges navy to prepare for combat... REPORT:
NKorea making missile able to hit USA... EURO
'EXPLOSION'... German
Politician: Downgrade Is American Plot... MF: Corzine
expected to plead the Fifth... Third
congressional panel to subpoena...
Dozens arrested in DC... PAPER: Fed
may give money to IMF to help euro zone... IN ATHENS,
BIDEN JOKES ABOUT BAILING OUT GREECE... EURO DRAGS
GERMANY DOWN PELOSI: DIRT
ON NEWT TO COME... NEWT: 'Thank
Pelosi for early Christmas gift'... IRAN BRACES
FOR WAR... Mysterious
blasts, slayings suggest covert efforts in Iran... REPORT: Iran
Has Missing American Drone...
TRUMP: 'Take the oil![Not
surprising from a typical american mobster / thief!]' REPORT:
Bill Clinton collected $50k a month from Corzine's MF GLOBAL...
REPORT:
Pedophilia rampant in Hollywood... 'SOLD OUT!' OBAMA: 'I'm
going to need another term to finish the job ( of ‘no-change-change’ - in his
dreams )'... OCCUPIERS
TURN ON OBAMA OBAMA
LAWYERS: Americans legitimate targets in war on terror... Only
executive branch, not courts, decides...
OBAMA
COMPARED TO HITLER, STALIN IN NEW GUN COMPANY AD... THE (SLIMY)
NEWT TO MEET THE (MOBSTER) DONALD... (VO) MITT COURTS
(WAR CRIMINAL/INCOMPETENT) GEORGE H.W. BUSH... Ron Paul
Hits Gingrich for Hypocrisy…[Indeed! In fact, Ron Paul, if not the nominee
should run as 3 rd Party / Independent Presidential Candidate! It’s time for
pervasively corrupt, defacto bankrupt america to get off the same well-worn
path of ineluctable decline and failure! ]... DoJ makes
'rare exception' to explain deception... Withdraws
inaccurate letter it sent to Congress... Docs raise
more questions about Fast & Furious... Issa says
Holder ouster is up to White House... FRIDAY NIGHT
DOCUMENT DUMP OBAMA OFF TO
HAWAII FOR 17-DAY VACAY... HO HO HO: UNEMPLOY RATE 8.6%... 315,000
Americans leave work force... YESTERDAY:
Jobless claims top 400K...
House Ethics
Committee extends probe into Rep. Jesse Jackson Jr....
Romney visits former President George H.W. Bush [ How totally
pathetic! How desperately pathetic romney the flip-flop is! ]
TWIN
'PLAYBOY' PLAYMATES: OBAMA ABANDONED THE HORSES... Horses could soon be slaughtered for meat in US Horses could soon be butchered in the U.S. for human
consumption after Congress quietly lifted a 5-year-old ban on funding horse
meat inspections, and activists say slaughterhouses could be up and running...{
Another ‘bullish’ sign for pervasively corrupt, defacto bankrupt America. ‘Soylent
green’ just around the corner? [Things are looking very, very ominous: A
good business for a bad economy Firms that keep foreclosed homes clean and
secure are flourishing in these tough financial times. (Washington Post) [ See … there you go …
great times for the american optimist … who sees an opportunity in every
calamity, the rainbow beyond every cloud, the glass half-full, etc.. Whew,
close call … and we thought times were tough … and just when we thought
everything’s now comin’ up roses, we find out that that ‘glue factory’ we
thought was for horses is really a ‘soylent green’ (of the compelling film of
the same name) factory. Ah, just kidding; but, the times are getting eerily
sordid and desperate and there’ll be no real relief from the onslaught of
reality prospectively. It’s really that bad in futuro. 43,454,601,693,238
Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17,
2011 http://www.economist.com/content/global_debt_clock
FED GOOSES
MARKETS... TEAMS UP
WITH CENTRAL BANKS... MERELY 'BUYS TIME' FOR EUROZONE...
RON
PAUL SLASHES NEWT...
PENN STATE
SUIT ALLEGES MORE THAN 100 INSTANCES OF ABUSE... Latest
accuser says Sandusky threatened to hurt boy's family if he reported... University
purchases .xxx Internet domains to block usage by the porn industry... As Home Prices Sink, Home Ownership
Heads to New Lows...
AMR/american airlines BANKRUPT... Stock drops 85% to 20 cents a
share...
BUSINESSES
PLAN FOR END OF EURO... Eurozone
Looks to IMF For Rescue... Finance
Ministers Turn to Radical Ideas... Approve $11
Billion Loan For Greece...
Store Santas
taught to size up parents' wealth, manage children's gift expectations…[Yeah,
there’s nothing quite like the psychoanalytical / economic / financial
abilities of store santas – america’s so pathetic! ] ...
Germany told
it must act to save Europe…[ Who’s goin’ to save Germany? ]... Impassioned
plea for continent to avoid 'apocalypse'... Warned of
'highly devastating outcomes'... Just days
until collapse? Deadly NATO
airstrikes 'lasted over an hour'... US image in
Pakistan 'worst ever'... NYT: Obama
campaign set to abandon white working class…[Yeah … in favor of, ie., those
drugged up ‘workers’ in detroit who were recently exposed in a mainstream
investigative report and typifiy the why, along with costs, that jobs have left
u.s., etc.]... Troubled
Maxine Waters set to take over on powerful committee...
PAKISTAN: 24
troops killed in NATO helicopter attack... RETALIATE:
Pak shuts routes into Afghanistan... Orders drone
base closed... PAKISTAN
CUTS US SUPPLY LINES
Burn effigy
of Obama... ULTIMATUM:
GET OUT... NATO braces
for reprisals... AFGHANS:
They fired at us... PAKISTAN
ENRAGED Britain
draws up emergency plans for collapse of Euro... IMF
drafting $800 billion bailout plan for Italy, Spain... REPORT:
FRANCE, GERMANY PREPARE TO TAKE DRASTIC MEASURES... NYT: Time
runs short...
Banks brace
for breakup of euro... Cornel West:
Ultimate Fight For Entitlements Will Be In 'The Streets'... RIOTS
WARNED... BLACK AND
BLUE FRIDAY… [Come on! These so-called ‘record sales’ a function of greater
numbers of store ‘early opening’ desperation, discounting, credit card spending
despite falling income, etc., hype and then there’s the hangover as in previous
/ ongoing crisis to come. ] ... Woman pepper
sprays other Black Friday shoppers 'to gain an upper hand'... 'Girls
Punching Each Other' Over Yoga Pants Sale at Victoria's Secret... VIDEO: Mayhem over $2 waffle maker... NC police
use pepper spray to break up melee...
Obama hits
the links again... [Itchin’ for permanent vacation!] Shoots
hoops, takes in a game...
Medvedev
Warns: Russia may target US missile sites...
INVESTORS
SHUN GERMAN BOND SALE... Euro on 'Death Watch'... Black
Friday Spending Flat... Obama hits
the links again... NO THANKS! WORST SINCE
1932
IRAN
CLAIMS ARREST OF 12 CIA AGENTS
U.S. ranks
25th in life expectancy -- lower than Chile and Greece... WALL STREET SERVES MORE
TURKEY…[Actually, it’s their fraud and b***s*** catching up with reality]... MESS SPREADS
TO BERLIN...
NATO
airstrike kills 6 children in Afghanistan...
Triple
bombings in Iraq kill 19... 'Vigilantes'
on the prowl...
REPORT:
Latest Sandusky accuser a family member... DEBATE
NUMBER 11... Sparks
Fly... Ron Paul:
Patriot Act Is 'Unpatriotic'... ROMNEY
PROMISES FIRST TRIP AS PRESIDENT WILL BE TO ISRAEL…[romney just gets more and
more desperately pathetic!]... Gingrich:
Cutting off gasoline would contain Iran... Contenders
square off on immigration... WIRE WRAP... PAUL'S TIME
TO RISE!?
Obama pal
Rezko gets 10 years in jail... NASCAR Crowd
Boos Michelle.. [Never a previous fan (that round and round and round– but I do like the
flats in horse-racing - Go Big Red {‘Secretariat’, a terrific film} ), I think
I’m going to change my mind in light of the fans’ display of good taste!] White House
plans celebration of 'country music'...
Gingrich to
Occupy Wall St: 'Go get job right after you take a bath'...
Israel;
'Time has come' to act on Iran... Iran
conducts 4-day air defense drill... Israel shuts
down dovish radio station... TRUMP(Mobster
in Chief?): I MIGHT STILL RUN (In his Dreams – Those Fuher Hitler tapes he
‘religiously’ listened to have inspired him)! Releases financial
disclosure statement... SUPERFAILURE
Slimy newt
says: I'm the best b***s***artist... WIRE: Ron
Paul gaining traction... NEWT: I'm no
Bill Clinton …[Yeah, hypocrite, he’s worse, that very slimy newt] ... Looking for
budget cuts, Congress bickers over what 'defense' means... European
missile defense shield on the chopping block...
Police clash
with protesters in Tahrir Square over military rule... ARAB FALL:
PROTESTS RAGE IN CAIRO... HERE WE GO
AGAIN: Britain in secret talks with Syrian 'rebels'...
Clinton says
there could be civil war... Russia
warships to enter Syria waters...
MORE PAIN IN
SPAIN...
LAWSUIT: Man
fired for not wearing '666' sticker at work…[He should be reinstated and
receive damages!]... IT TURNS
BLOODY... Fury At
Sinking Economies Drives Global Demos...
GE filed
57k-page tax return; paid no taxes on $14b in profits...
SHOCK POLL
IOWA: GINGRICH 32% ROMNEY 19% CAIN 13%… { How pathetic and downright stupid
americans have become. gingrich is as big a b***s*** artist as wobama and
similarly has a scandal-ridden track record of failure, including that inside
‘money for nothing’ deal with taxpayer drain freddy’s fannie! But again, that’s
no endorsement of anyone else. What a totally lost in failure nation america’s
become. }... Sandusky
interview prompts long-ago victims to contact lawyer...
STUDY:
Middle-class areas shrinking... Banks in USA
Facing 'Serious Risk' on Contagion From Europe...
USA DEBT
JUMPS TO $15 TRILLION... Fed Now
Largest Holder, Surpassing China... Challenge to
dollar's dominance 'within decade'... OIL STARTS NEW SPIKE.... $102... CNN POLL:
Whites give president thumbs DOWN 61%-36%; Non-White thumbs UP 67%-32%... Penn State
coach says he stopped shower assault... ‘…McQueary was placed on administrative leave last
week after Penn State officials said he had received threats. According to the
grand jury report, the graduate assistant said he saw a boy, whose age he
estimated at 10 years old, "being subjected to anal intercourse" by a
naked Sandusky (according to u.s. forum posts sandusky is a polish jew whose
mother’s maiden name is fittingly ‘gross’ www.topix.com/forum/us/TM9KO1A74D6VPVFS7 ) in a shower at the Penn State football
building in March 2002…’ Paterno in
line for $554,000 annual pension... SANDUSKY
ADMITS TO SHOWERING... NYT: 10 more
accusers come forward... SHOCK:
Teacher Arrested For Masturbating Behind Podium During Class... Trend
forecaster Gerald Celente's gold account emptied by MF GLOBAL... '2 Bad
Corzine didn't die in his car accident!' ANGRY
CUSTOMERS... Saudi prince
warns against any attack on Iran... REPORT: Iran
poised to choke oil supplies if hit by Israel... Ready to
help Turkey with nuclear plant... Oil price
again flirting with $100... Post office
near default? [So what! Let UPS take over the poorly managed, unreliable usps.]… Losses mount to
$5.1B...
OBAMACARE TO
SUPREMES... 5 1/2 HOURS: High Court to Rule on
Obama's mandate... 26 States
Want Entire Law Struck Down... Decision 4
Months Before Election Day... Justice
Kagan called to recuse herself... DAN RATHER:
'(gingrich) Dangerous as a wounded wolverine'... Obama:
America's 'Been A Little Bit Lazy'…[like their vacation-prone potus]... SOME DEMS
REFUSE TO BACK OBAMA... Bachmann
Campaign Accuses CBSNEWS of Bias... Ron Paul Gets 89 Seconds To Speak In CBS Debate
CHICAGOLAND:
Thug punches out older man on train platform... http://www.nbcchicago.com/news/local/Teen-Punching-Man-at-CTA-Stop-Caught-on-Tape-133703583.html?dr Crowd
Laughs, Taunts: 'He knocked his ass out!' ]UPDATE:
PENTAGON WARNED TROOP REMAINS BEING DUMPED IN LANDFILL... PANETTA
CAUGHT FLAT-FOOTED AGAIN... ABRAMOFF: Congress Members Took Part
in Insider Trading... 'THROW THEM
ALL OUT'... CHINA MOCKS
US POLITICAL MODEL... http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ,
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] , in light of china’s communist
form of government which is total b*** s***, I’m compelled to say it’s american
greed, corruption, and policy errors ‘that’s made china’ in light of their
‘sweat-shop, jailhouse, excessively cheap prison labor’ which is the primary
reason for their economic success, coupled with a more rational approach to
geopolitics as compared with their irrational, inherently criminal american
counterparts. I’d also add to China’s credit that their work force is far more
diligent and reliable than that of america where ‘make shift jobs’ are viewed
an entitlement to a now ‘make-shift people’, however uneconomic. It’s the
pervasive corruption, really, in america, which in China is dealt with harshly,
but in america, is rewarded substantially. Crime pays and pays well in america,
and is protected by even more crime (bribery, quid pro quo, etc.) among mob
(including government) groups, which encourages even more crime (the highest
crime rates by far in the world). That pervasively corrupt, defacto bankrupt
america is a failed nation requires no clairvoyant prescience to discern.
China’s mocking of america is well-deserved and comports with reality. Quite
simply, america’s done! That’s reality! }
Thrill-Kills
in Afghanistan … [ Now you know why ‘no immunity for crimes / war crimes’ was a
deal-breaker for america in Iraq! ]...
'David Axelrod's pattern of
sexual misbehavior'... Panetta
Warns Defense Cuts Could Lead to Attack on USA [ Typical incompetent guinea
from … california … wow! Look at the pelosi/panetta/boxer/feinstein once great
state of california now … horrendous, but substantially better than those
corrupt guinea/mafia strongholds new york/new jersey (italian dog-pack
mentality). Haven’t their tenures coincided with america’s/california’s
decline, with wobama the jive-talking race-card black the coup de gras?
america’s defacto bankrupt and all that that entails and the concern should
realistically be not attack from without but rather coast to coast from within.
The military industrial complex and war profiteers have benefited exorbitantly
with the likes of panetta and his ilk; yet the likes of this incompetent boob
would have never found a place in the administration of the great but
substantially underrated President General Eisenhower, a man of honor and
integrity! ( And the last legitimately elected president since the JFK
assassination/coup d’etat! ) ] ... FANNIE MAE
taps $7.8 billion more from Treasury, loss widens... 60 MINUTES
Expected to Air Investigation of Pelosi Stock Investments... MILITARY
DUMPED REMAINS OF DEAD SERVICEMEN -- IN LANDFILL… [ pervasively corrupt,
defacto bankrupt america’s a nation without honor – they’ll use and abuse you,
even post mortem ] ... Alabama
county seeks to file biggest municipal bankruptcy... THE BIG
BREAKUP... Merkel Calls for 'New
Europe'... STOCKS PLUNGE ON FEAR... Italy's Woes Signal 'Dangerous
Phase' in Crisis... 'Contagion Spreading; They've Got to
Stop This'... Greek Unity
Deal in Disarray... THE FALL OF
BERLUSCONI... Humiliated
in parliamentary vote... French ready
for pain as debt reality bites... Victims
Double In Penn State Case... ...Boys
Raped In Showers Car of
Republican Philly Mayor Candidate Vandalized -- for the 10th Time! --- On Wed, 11/18/09, ethan lichtblau <[email protected] >
wrote: [email protected] >[email protected]
Hi Al,
Date: Wed,
18 Nov 2009 22:50:55 -0800[email protected] [email protected]
Hello
Ethan: team points
over a period of time). He was quite strong and although I won, I had slipped a
cervical disk (for which I ultimately needed traction - I couldn't even do a
push-up after a couple of days which is very humbling when one relies so much
on will-power). I had also beaten Ron in the finals of the Freshman Met Tournament . I was injured by the end of the season in
the two prior intervening years (interestingly, the neurologist for the
herniated disk pointed out that my bones were relatively small compared to my
musculature/body-mass). I was fortunate to have a great coach in Roger Saunders
(Roger and his brother Richard, a former CIA Agent/Mechanic, were both National
Champions). I couldn't imagine Roger saying one of his wrestlers "gassed
out", even if true. Ron certainly didn't "choke" in the first
period, if at all.
______
From: ethan lichtblau <[email protected] >[email protected] >
I really appreciate your insights about this. I never got
a chance to speak to Ron about his own college wrestling days. I
only knew him when I was in high school, where he was coaching a bunch
of local high school wrestlers on a part time basis. He was
also helping out at his alma mater National championships in
Judo, wrestling, and Sombo, all in the same year. (?1972). Years
later, maybe 1985 or so, he decided to make a comeback in Judo. He cut a
shit load of weight and ended up fighting me in the finals of a small regional
tournament. I beat him by decision, but really got no satisfaction
out of beating a guy who was so out of shape. Can't remember if this
was before or after one of his kids committed suicide.
Date: Thu,
19 Nov 2009 23:49:19 -0800[email protected] [email protected] Temple University to which he
had some connection, and actually attempted to recruit me to same. I didn't
take him seriously; firstly, because he told everyone he had been a state champ
(bull s**t); secondly, because he had screwed me in a high school match wherein
I had pinned leonard pruzanzky in the first period (I had him on his back
almost the entire first period and israel gave me no back points, 2 or 3 for
near fall, let alone the pin, and just the takedown and I lost by a point on
riding time-leg ride). In an open tournament (I think Stroudsburg?), I was
looking at the seedings/pairings/chart and David came up behind me pointed to
my entry and said to the guy he was with that I had beaten his brother leonard.
Roger required our team during one Christmas
break to compete in my first and only free-style tournament. I was up two
weight classes and David won quite handily. That was the third time I had
beaten Ron and frankly, I did grind him into the mat and kick his ass for the
late balance of the first period and the remainder of the match.
The
following is a reply on facebook to someone who said I beat him in wrestle-off
and
completes
my wrestling story.
Good luck
to you in all your endeavors.
Regards,
Al Peia
Thank you
for your gracious and overly humble comment. Over time, such things become less
and less important and I can't say that I actually recall that, per se. As we
both know, wrestling was never a pleasant undertaking and although I
respect(ed) the sport, I made it a point never to set foot on a mat off season.
You may also find it somewhat ironic that I actually had made the basketball
team (Hubie Brown for whom I had high regard was
varsity coach and Richie Szura the J.V. coach), which sport I enjoyed; and in a
meeting arranged by Dan Deluca (I had won a tournament in junior high and the
match against the rival Thomas Jefferson Junior High) with Coach Szura wherein
Szura nicely but candidly told me that although I had made the team, "that
I wasn't the tallest of angels" (which I thought was very funny and we all
laughed) and essentially I'd be warming the bench while Deluca guaranteed me a varsity letter for wrestling the easy matches since
varsity wrestler Richard Zocco was having difficulty making weight (he never
made weight). As trite and cliched as it sounds, it was the varsity letter
guarantee that sealed the deal (and in my mind, the prospective "help with
the babes therefrom" - actually, it was only the pretty sophomores with
whom it ultimately paid dividends so to speak - how very high school). I had a
great Coach in Roger Sanders who recruited me to
NYU (Roger and his brother Richard, a CIA agent/mechanic, were both national
champions). Wrestling has always been an important learning experience for me.
Such a kind and humble remark as yours deserved a greater explanation.
Al
______
From: ethan lichtblau <[email protected] >Experience [email protected] >
Truly,
thanks for all your info. Interesting that you should mention Spike Israel . I am assuming that the
word "quiffy" is code for "gay". Spike was coach
at Tenafly High when I was in high school, and
was known to "like boys". Apparently he taught the Tenafly guys
only one move, the Granby roll , which they
were all quite good at, but very little else. Besides Ron in the
early '70's and Steve and Dave Yale in the later '70's Tenafly basically had no
decent wrestlers during that period. Not really sure if this was a
coaching issue or recruiting issue. Our high school (DMHS in
Englewood) had former state champ Bob Hurley (Bergenfield) as our
assistant coach and former state runner up Reggie Williams (Hackensack)
as head coach, and we also fielded very few good wrestlers during those years.
<[email protected] >
wrote:
[email protected] >[email protected] >
I really appreciate your insights about this. I never got
a chance to speak to Ron about his own college wrestling days. I
only knew him when I was in high school, where he was coaching a bunch
of local high school wrestlers on a part time basis. He was
also helping out at his alma mater National championships in
Judo, wrestling, and Sombo, all in the same year. (?1972). Years
later, maybe 1985 or so, he decided to make a comeback in Judo. He cut a
shit load of weight and ended up fighting me in the finals of a small regional
tournament. I beat him by decision, but really got no satisfaction
out of beating a guy who was so out of shape. Can't remember if this
was before or after one of his kids committed suicide.
Ethan: "As a wrestler he
was no joke and you did well to beat him and are too modest." To reiterate: you are far
too modest!
Good
luck to you in all your endeavors.
Regards,
Al Peia
RUSSIA [ The
Rational Pan-European Nation ] WARNS AGAINST STRIKE ON IRAN...
PAPER: Wall
Street 'MORE profitable'... Extreme
Poverty Now At Record Levels...
REPORT:
Greek PM to resign today... 'Point of no
return'... BERLUSCONI
TO BAIL? Intrigue and
betrayal in Rome... Speculation
over departure roils markets... Italy: Too Big to Fail, Too Big to
Save? Allies push
Berlusconi to resign... 'The beginning of the end'... Italy
protesters rally against Berlusconi... ... While
Silvio naps Defiant
Berlusconi refuses IMF bailout...
US
approaches $15 trillion debt limit... CHINA:
Europe induces 'sloth, indolence'...
TRUTHFUL
TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACK Report: Sarkozy calls Netanyahu 'liar' Microphones accidently
left on after G20 meeting pick up private conversation between US, French
presidents. Sarkozy admits he 'can't stand' Israeli premier [ Yes …
netansayahu! ] 12 US TROOPS
KILLED... FREDDIE MAC
seeks further $6 billion from taxpayers... AIG records
biggest loss since 2009... 'I will
never stand for national anthem again. I will turn my back and I will raise
fist'... Judge Tosses
TSA Case; Lawyer told ruling 'national security'...
LEAVING
'FASCIST AMERICA', VENTURA OFF TO MEXICO
WHITE
HOUSE REJECTS SOLYNDRA SUBPOENA... US
approaches $15 trillion debt limit... G-20 Fails
to Agree on IMF Resources... Suicide
bomber targeted American NATO bus in Kabul... TALIBAN
CLAIMS CREDIT... POLITICO:
Two women accused Cain of inappropriate behavior… [ Read my lips: NO NEW
NIGGERS! … even a fallen despoiled nation in intractable decline as america can
do better than that; ie., wobama v. cain ? (besides, there’s that ‘cancer
problem’, amidst scandals exceeding ‘pubic hairs on soda cans’); this is no
endorsement of anyone else. As a matter of fact, that there are two niggers
vying for the presidency is a testament to how far america has fallen. Maybe
pervasively corrupt, defacto bankrupt america can look to sub-saharan africa
for their models of governance. IT’S OVER: Cain Is Done Business Insider | The scandals
swirling around Herman Cain today will be fatal to his presidential ambitions. ] ...Cain Chief
Of Staff Calls On Perry Campaign, POLITICO To Apologize... 'Chicagoland
hit'... Debt
Increased $203B in Oct.: $650 For Every American... Number of
Americans on food stamps rises 8% to 45,800,000... Greek
Vote On Bailout Plan Due 'Within Weeks'... Fears rising
about impact of euro on daily life... France,
Germany demand decision... FBI moves in
on Corzine's MF GLOBAL... FLASHBACK:
Corzine floated for Treasury Secy... China (the
rational nation financially, economically, geopolitically) sells missiles to
Iran in violation of UN sanctions (where are the sanctions against
israel/america et als for war crimes, violations of international law/u.n.
resolutions, etc.) ... Israel
test-fires missile that could hit Iran... NETANYAHU
RALLIES SUPPORT FOR ATTACK... UK steps up
plans for possible strike...
Greece Vote on Bailout STILL ON... Gov't 'On
Verge of Imploding'... Military
Chiefs Replaced... ON THE
BRINK... STEVE
JOBS DEAD EU leaders
race to save deal... Emergency
meeting in Cannes... Vote
threatens Sarkozy re-election plans... PAPER: World
faces years of social unrest as economies falter... Herman Cain:
The Attacks On Me Are Racially Motivated … [There it is … the race card …
riiiiight!] ... CONDI TO
CAIN: DON'T PLAY THE CARD...
ISRAEL AUTHORIZES
'GROUND OPERATION' TO STOP GAZA ROCKETS... Washington
fears unilateral strike on Iran... Israel improving
nuclear abilities[ War crimes nation, illegal nuke totin’, defacto bankrupt
american albatross israel keepin’ america’s direction and attention misdirected
]... NEW ORLEANS:
15 shot, 2 dead in Halloween shootings [Yeah, those niggers really love ‘candy’
of any kind]... FLASHBACK:
'I'M READY FOR HIGH-TECH LYNCHING'... Second
Energy Department-backed company goes bankrupt... Corzine's MF
GLOBAL files Chapter 11... Likely Among
the 10 Biggest Bankruptcies Ever... Iran demands
apology over Saudi ambassador assassination plot charge... Palestinians
win full membership on UN cultural agency … [ This is both productive and
positive! ] ... WORLD SERIES
WILD! EU Officials
look to Beijing, Tokyo -- borrowing costs rocket... Cameron:
London 'under constant attack' from EU... GALLUP:
OBAMA APPROVAL SKIDS TO NEW LOW... FIST FIGHT
BREAKS OUT IN ITALIAN PARLIAMENT... MERKEL: We should not take peace for
granted... 'Significant
new offer' from bondholders... EU SAVED --
BY CHINA? SUMMIT
FATIGUE: Endless gatherings take toll on leaders... Berlusconi
forced into corner... FARRAKHAN
LASHES OUT AT OBAMA; CONDEMNS GADHAFI 'ASSASSINATION'... AUDIO... DOOM: Fears
euro summit could miss final deal... 'Unknown
territory'... No bet on
disaster... Finance ministers cancel meeting... Berlusconi
fights to save coalition; Gov't on brink of collapse... Greenspin: European Union Doomed to
Fail... Japanese yen
jumps to new postwar high... KILL BOUNCE:
OBAMA MOVES UP TO 44% AT GALLUP… [I don’t believe this poll number for even one
second … this is solely a manipulated ‘pavlov dog conditioning’number]...
Treasury
considers 'new' debt security... Bank
Predicts Another US Downgrade -- In Just Few Weeks... EU 'bank
failures will crash Wall Street'... Pressure on
Italy... New euro
'empire' plot by Brussels... Germany's
economic might sets off alarms...
Shootings up
154% in NYC ...
Defections
by Senate Dems Hamper Message on Jobs... Unemployment rate rises after
Obama visits NC... DNC's 2012
host state posts highest payroll losses... DC area tops
income list; Avg fed employee makes $126,000 a year…[With the exception of law
enforcement, ie., FBI, fed employees are uneconomic and almost without
exception, a total waste of money]... Reid says
govt jobs must take priority over private-sector... Americans' Standard of Living Drops
Sharply... Antidepressant
use skyrockets... RUSSIA:
GADDAFI DEATH BREACHED LAW Greece may
need 60% bond writedown; EU at odds... Greeks ask
God for help…[ Not granted! ]... S&P:
France Likely to Lose Top Rating... EUROPE
BRACES FOR 'DOWNGRADE BLITZ'...
FLASHBACK:
Gaddafi: Obama is friend... KILLED IN
HOMETOWN... CAPTURED
ALIVE... 'DON'T
SHOOT'... Cost of
Libya operation: $1 Billion... Clinton: 'We
came, we saw, he died'... GRAPHIC VIDEO... FLASHBACK:
Farrakhan: 'That's a Murderer in the White House!'... HIT LIST:
Obama warns other Mid East dictators THEY COULD BE NEXT... TIMING? U.S.
busts two Iranians today over terror plot Obama was briefed about in June... U.S. accuses Iran of plot to kill Saudi ambassador [ Oh come
on! That’s as likely as wmd’s in Iraq; or, america and israel hatching such a
plot so they can blame same on Iran. The point is, when it comes to nations
that both war-mongering israel/u.s. would love to make, not love, but war on,
they’d literally say anything; even to the point of paying anyone to say
anything … yellow cake anyone? (‘Bush and Iraq: Follow the Yellow Cake Road’ Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWL8TndC ‘...the White House defense, having now admitted a falsehood in President Bush's claim, in his State of
the Union address, that Iraq had tried to buy uranium in Africa . Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWKsd9dp
] } ENTHUSIASM
GAP: Rs 64%, Ds 43%... POLL: CAIN 43% OBAMA 41%
WAR DRUMS:
Obama Presses Inspectors on Iran Nuclear Data... Iran's
former president warns of possible US attack... Day of
'Global Revolution'... FITCH: More
Than Dozen Banks May Get Downgraded... BATTLE ON
'OCCUPY'... Bloomberg
backs down... Giuliani
[ghouliani / mafiani]: I Would've Told OWS Protesters, 'Streets Are Not For
Sleeping,' 'Rent A Room' [ from mafia owned / ‘protected’ hotels only, as per
political opportunist –9/11, 9/11, 9/11- ghouliani / mafiani ] [ the difference
between the facist / neurotic approach of ghouliani and the rational approach
of Bloomberg ] ... 'PARTY' IN
TIMES SQUARE! DENVER
POLICE MOVE IN... 10 ARRESTED
IN SEATTLE... SD CAMP
DISMANTLED...
OBAMACARE
ALREADY FALLING APART?
GRENADES TO
MEXICO... Obama Spoke
About Fast and Furious Before Holder Claimed He Knew... SHRINK:
Obama suffers from 'father hunger'... In Holder
Subpoena, Issa Also Probes WH Press Aide... BOOK WARNS OF END... 'Defend The
Occupation!': Protesters Ask For Sunrise Support, Tell People To Call 311 To
Complain... PELOSI
UNHINGED: Republicans 'want women to die on floor'... Obama
invokes race... 'Unusual'
meeting between US, Iran over plot... G20 finance
ministers gather as time runs out... Spain Credit Rating Cut... Europe
tempted to save Greek trauma for later... BUCHANAN: Is
the New World Order unraveling? Panetta
warns budget cuts will force retreat in Africa [ Retreat? What alternate
universe is this guy from … oh right, ‘the land of fruits and nuts’ ]... CHICAGOLAND:
Video captures two girls violently beating fellow female student... Tim
Holt · Top Commenter Pack of 30
girls attack 15-year-old girl for cellphone... WAR DRUMS:
IRAN CALLS 'TERROR PLOT' LIE Saudis say
Iran must 'pay the price'... Hillary:
'Dangerous escalation'... Warren
Buffett made $62,855,038 last year... Company still owes as much as
$1B in back taxes... CHICAGOLAND:
Union boss to rake in $500,000 yearly pension... Issa
subpoenas Holder... Holder ends
press conference after questions on Fast and Furious... Subpoenas
for Atty Gen imminent... Belafonte:
Herman Cain 'is bad apple'... Cain Fires
Back: 'I Left Democrat (for the Republican) Plantation Long Time Ago'... Afghanistan
shuts down graft probe... Not a single
Christian church left in country... AL-QAEDA QUESTIONS LEGALITY OF KILLING U.S.
CITIZEN TIME
SHORT: UK PM says euro has just weeks .. disaster... 100+ 'Fast
and Furious' guns found in Mexico cartel home... HOLDER ON
HOT SEAT... Issa:
Subpoenas issued soon... Iran calls
Wall Street protests 'American Spring'... Chavez slams
'horrible repression' of U.S. protests... Pope
denounces 'inhuman' mafia... Opposition
grows, hardens... GALLUP:
OBAMA AT LOW... Italy, Spain
Ratings Cut by FITCH; Belgium Is Put Under Review by MOODY'S... FINANCIAL
CRISIS 'WORST WORLD HAS EVER FACED'... MOODY'S Cuts Rating on 12 UK
Financial Institutions, nine Portuguese banks... DEPENDENT
STATES OF AMERICA: Nearly Half Live in Households Receiving Govt Benefit... Wall St
protest expected to swell... FINANCIAL CRISIS 'WORST WORLD HAS
EVER FACED' IT'S
OFFICIAL: Housing bust worst since Great Depression... Sanitation
Becoming Concern... Pelosi on
Protesters: 'God bless them'... LA Mayor
Villaraigosa Hands Out Ponchos... Dallas
Federal Reserve Targeted... Secret panel
can put Americans on 'kill list'... CHICAGOLAND:
Bodies double up at morgue... Post
Office's Rescue Plan: More Junk Mail... College Walk
Out Planned; 'Anonymous' Releases Threat Against NYSE... Occupy Wall
Street 'Stands In Solidarity' With Obama Front Group... Stocks'
massive 'melt-up' fans investor fears... Police,
rioters clash in Greece as nation goes on strike... Geithner
warns Europe crisis global threat... Issa to
Holder: Admit you knew... Holder
changes story... DoJ quietly
demotes ATF officials involved in Fast and Furious... White House
screams, swears at reporter for covering scandal... Is CBSNEWS
Silencing Reporter? Afghanistan
violence up 39% over last year... REPORT:
WHouse awarded $5M 'bonus' to state for Food Stamp signup... DICK MORRIS
CLAIM: 'Very Possible' Obama Will Bow Out Of Presidential Race... 'AMERICA'S
GOTTEN A LITTLE SOFT’ [Yeah! Soft in the head for tolerating wobama’s b***s***]
' GALLUP:
(wobama approval) Back in the 30s... BLOOMBERG
WARNS OF RIOTS... Assad
threatens to attack Tel Aviv in case of NATO strike... Russia,
China veto UN resolution on Syria…[Rationality Prevails!]... Clashes in
Saudi Arabia leave 14 wounded... Police open
fire on civilians... GOP
calls for special counsel to investigate Holder... Developing... WHEN DID HE
KNOW? Holder
changes story about ATF gun-running op... 'Either
Incompetent' or 'Misleading Congress'… [How ‘bout both! … he’s typical!]... White House
screams, swears at reporter for covering scandal... 'RECOVERY
CLOSE TO FALTERING' Michael Moore:
The Rich Are Out Of Control, Kleptomaniacs And Sociopaths... Michelle
Obama's Africa Vacation Cost More Than $432,142... Daughters
listed as 'senior staff'... ESPN YANKS
HANK WILLIAMS JR. FROM 'MONDAY NIGHT FOOTBALL'... LIKENS OBAMA
TO HITLER... VIDEO... PUTIN EYES 'EURASIAN UNION' PAPER: China
or USA? Make your choice... Greece Falls Into 'Death Spiral'...
RON PAUL
FLOATS IMPEACHMENT FOR DRONE KILL OF U.S. CITIZEN...
'YOU'RE NOT
BETTER OFF'... Claims
'underdog' status for 2012... POLL:
Majority expect him to lose... Cantor:
Obama's Jobs Bill Dead; His 'All-Or-Nothing Approach' Is Unacceptable... Mosque Set
on Fire in Israel... REUTERS:
Christie faces White House decision this week... [ To be
president of the now disunited states like no time since the civil war, one
really must want to be president. Governing new jersey is probably the easiest
political position in the world inasmuch as the same is totally controlled. New
york is a close second to jersey in those terms, complicated only by the
arrival, politically like never before, of the wall street frauds (the
fraudulent goldman era, beginning more serious than ever politicking with
rubin, paulson, etc., probably owing to their far larger frauds for which they
needed ‘protection’ in the form of ‘political muscle’ – which they got.). The
gangs of jersey, new york have a history that’s endured in terms of impact
longer than the political parties themselves; proximity to and control of the
local vote multiplied many times by the controlled localities ‘they serve’. In
jersey, you can’t get elected without the mob; in some areas the mob
controlling both parties. [ brendan byrne, who brought the final take-over /
scourge / quid pro quo, viz., the casinos, james florio, mario cuomo (progeny
andy cuomo), etc., had publically known mob ties. Less conspicuous would be the
likes of old money play-along tom kean, whose desperation to breathe life into
the moribund political career of his son is evident to all; including his
cover-up report on the 911 incident which was probably the worst of its kind
since that other non-jurist, politician / former governor of California warren
report / cover-up of the coup d’etat / JFK assassination. Just who are these
so-called ‘conservatives’ holding back funding while urging jersey christie’s
run ‘for the gold’. No … I couldn’t care less about his girth, the goodyear
blimp / humpty dumpty jokes, etc.. Yet, one has to wonder why a prior decision,
given even further consideration upon God knows who’s self-interested
prompting, is suddenly firm today yet malleable tomorrow. Forbes, (and hannity
I suspect), of jersey himself (themselves) seems close to this yet one still
must wonder ‘what the deal is’. More importantly, for jersey (n.y.) candidates,
‘with whom’. That wobama, as a black man realistically / potentially viewed as
the ultimate outsider, would make promises that got him elected, yet renege on
nearly all of same is a testament to how totally controlled these gutless politicians
are and proving how such lack of courage spells not only their own unequivocal
failure (wobama as bush failure 3, et als), but certainly for that of the
nation as well ( Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
). Quite simply, there is really no good reason why a jersey politician
should change his mind about something that should be at one with the person
himself. After all, we all must at least assume jersey governor Christie is a
man of reason who previously made an unequivocal, publically announced, widely
covered decision for what must be assumed a good reason. ]FORBES:
CHRISTIE DECISION WITHIN 72 HOURS...
CLASH ON
BROOKLYN BRIDGE... More than
700 arrested in 'Wall St' protest... Dozens cuffed
in Boston after targeting BANK OF AMERICA... Protests
spread across USA... Los
Angeles... Chicago... Denver... Seattle... Greece to Miss Deficit Targets
Despite Austerity... 'Leaders are
pushing the world into Depression'...
Al
Sharpton's office admits handing out possibly bogus stimulus check forms...
Iran Supreme
Leader: Palestinian UN statehood bid doomed to fail... Hamas:
'Resistance' against Israel is only option left... STOCKS SUCK... Wall St.
ends rotten quarter in sour mood... Dow Notches
12% Drop... No Rise in Home Prices 'until
2020'... Feds:
SOLYNDRA Won't Reveal Contracts, Customers or Exec Bonuseslt (typical american
boondoggle) ... DOE pushing ahead with $5b more in solar
loans (another american boondoggle) ... Strikes
hamper Greek rescue effort... Sarkozy,
Merkel to Meet... $200K Per
Job? Geithner Says White House Plan Still Bargain … [ Riiiiight! .. In what
alternate reality beyond political desperation mode? ] ... GERMANY
SLAMS 'STUPID' US PLAN FOR EURO... CHAOS:
THOUSANDS LINE UP IN PHILLY FOR FOOD STAMPS... Protester
calls Obama 'Anti-Christ'... Fundraising
plunges... 'Titanic
struggle' for re-election... Axelrod:
Obama faces 'titanic struggle' weight of pervasive corruption, defacto
bankruptcy, and fatal, immutable structural flaws! ] }CA CITY HAS
32.4% UNEMPLOYMENT RATE! POLL: Paul beats Obama
51-49... COPS: Mob of
girls charge house after high school fight; 2-year-old girl shot... DEM GOV.
CALLS FOR 'SUSPENDING ELECTIONS' … [ the wobamanoid plan … for even greater
nation-breakin’ disaster! ]... Former Obama
budget director: 'We need less democracy' to 'counter gridlock' [ How
desperate, these wobamanoids… How pathetic! ] ... Split over Greek bail-out terms... NOW IMF
NEEDS BAILOUT! PUTIN FOR
LIFE... Police in
Moscow raid bank of political opponent... Finance
chief rebels... Merkel:
Greek default would destroy faith in Europe... French left
seizes Senate majority, hurts Sarkozy... Plan B:
Flood markets... S&P:
Larger Fund Could Weigh on Ratings... SIX WEEKS TO
SAVE THE EURO... IMF to
increase resources to more than $1 trillion... Wall Street
protesters pepper-sprayed, cuffed... 90
arrested... VIDEO: Wild scene... Catalonia's
last bullfight … [How wise, and nothing less than what one would expect from
the place that has given rise to among the greatest artists in the history of
this world.] ... PAYBACK [ Retaliation ]: S&P
Could Face Legal Action From SEC Over Ratings... SUMMER SALE: Dow plunges 391
points... Global
markets tumble 4%... ZOELLICK:
'World in danger zone'... SOROS: USA already in double-dip... Abbas moves
for statehood... 'We shall
not recognize a Jewish state'... NETANAYAHU
is a 'Theater of the absurd'... Calls UN
'House Of Lies'... CLASHES IN
WEST BANK... LIVE... Pakistan
warns US: 'You will lose an ally'... SHUTDOWN:
Harry Reid kills bill to keep gov't running... Postpones
disaster relief vote... ...for Dem party, fundraiser
at island retreat! BLOW: Obama
fundraiser got $107m in federal tax credits for wind power... Credit
stress 'reaches pre-LEHMAN danger levels'... BAD BLOOD: Bill
Clinton: Netanyahu killed peace process... GLOBAL
SYSTEM UNDER PRESSURE... GALLUP: 55%
DISTRUST MEDIA... Palestinians
Delay Call for Quick Vote... State bid
'only alternative to violence'... UN chief
urges Israel 'restraint'... Obama
re-affirms desire for Palestinian state... Venezuela,
Cuba defend Iran... IMF warns on
global financial system... MOODY'S
downgrades three US megabanks... Man returns
with shotgun after TACO BELL worker forgets hot sauce... IHOP Hires
Bouncer To Control The Rowdy... Approval
Among Liberals Hits All-Time Low... LIBS
VOW PRIMARY CHALLENGE AGAINST OBAMA IMF WARNS:
INTO THE DANGER ZONE... ...warns of
USA 'lost decade' USA building
secret drone bases in Africa, Arabian Peninsula... Chavez:
Israel committing genocide... Iran: Israel
killing our nuclear scientists... Palestinian
move hits Dem vote base; Republicans woo Jewish electorate... Israel
Floats 'Interim Solution' To Palestinian Statehood Debate … [ Half measures
will not do! Too much time, resources have been wasted! Time for the ‘final
solution’… the choices: peaceful or non-peaceful; rational or irrational;
reasonable or unreasonable! There has been nothing to have changed the
reasonable expectations created by secretary of state clinton herself in
espousing this administration’s unequivocal position espousing Palestinian
statehood! ] ... REPORT: SOLYNDRA
execs to plead Fifth... HOUSE TO PROBE
OBAMA ACTIONS ON GOV'T LOAN... Second witness
says White House tried to steer testimony... Air Force
general claims he was pressured... WIRELESS:
Obama invested in Falcone-funded Co.... FLASHBACK:
'I thought about going to Warren Buffett, and I decided it would be
embarrassing I only had $100,000'... CHICAGO
TRIBUNE: Why Obama should withdraw from 2012 race... Black Caucus
chairman: If Obama wasn't president, we would be 'marching on the White House'…
[ Which means typically, reasonably as
suspected, the black caucus is racist and without any credibility whatsoever;
particularly in their support of wobama, ‘the last negro’ … What an insecure,
jive-talking, stereotypical dismal failure wobama’s turned out to be … he’s
totally pathetic … he’s proven to be just another of his type who’s gotten by
on b***s*** and ‘special understanding / consideration’ his entire life … yes, the last negroe! …
wobama’s basically re-running his last and now endless campaign expecting all
to believe him this time around … this last negroe! ] ... OBAMA'S JOBS
BILL WON'T BE READY UNTIL NEXT MONTH, AFTER ANOTHER VACATION ... $3 in tax
hikes for every $1 in spending cuts... NEW BOOK
TELLS OF DISCORD IN OBAMA ECONOMIC TEAM... Women
'excluded and ignored'... REPORT: Rahm
threatened to burn down house of statehouse foe... Protesters
hit Wall Street... 'US Day of
Rage'... Cops Lockdown Wall Street From
Day of Rage Protesters $1,500,000,000,000
IN NEW TAXES GREEK
BLEAK... WREAK... RETIREE
BENEFITS FOR THE MILITARY COULD FACE CUTS... Fed Expected to Launch New Program
as Europe Boils... Europe digs
ever deeper debt hole... Palestinians
demand statehood... Holy Land
clerics bless... Jewish
groups worried by Vatican gesture... Obama faces
awkward dilemma... NYC security
on alert for UN assembly... Emergency
meetings to avert Palestinian crisis... TURKEY
PROPOSES PARTNERSHIP WITH EGYPT... VETO
THAT COULD CHANGE THE WORLD... Palestinian
leader ignores US warnings on UN statehood... Israel ups
West Bank forces... Anti-Israel
subway signs in NYC spark religious war of words... Geithner
warns EU of 'catastrophic risk'... Europe
bristles at lecture... US could be
on hook for bailout… [ Come on! Let’s get real here! Pervasively corrupt,
defacto bankrupt america can’t even bail itself out! ] ... Eurozone
possible nightmare scenarios... NEW 'WAVE OF
FORECLOSURES'... BIG JUMP IN JOBLESS CLAIMS... INFLATION
RISES... SOLYNDRA
among 5 stimulus firms to go under... Intimidation
/ Bullying: israel warns of 'harsh' consequences of Palestinian UN bid... Wobama:
‘GIVE ME A WIN, GIVE ME A BREAK, LOVE ME!' Cherokee
Indians say they can kick blacks out of tribe… [ This should go without saying;
after all, while blacks may be u.s. citizens, they’re certainly not Cherokees …
let’s get real here – let the u.s. government retroactively honor their many
treaty obligations / violations to the
native inhabitants of this land from whom such lands were stolen! ] ... Geithner:
Economy In 'An Early Stage' Of Crisis... 'Hoping for
sometime' to get fired... Dem Rep: Americans don't deserve to
keep all of their money... MOODY'S
downgrades 2 French banks... International
alarm over euro zone crisis grows... Europe's
banks staring into abyss... PLO:
Palestinian state to be Jew-free [ Sounds like a Plan … for peace, peace of
mind, and prosperity! ] ... BILLIONS AND BILLIONS: GE to Buy
Back Shares From Buffett... Rumsfeld
cancels NYT subscrip over Truthful Krugman piece... 100
protesters burn American flag outside U.S. embassy in London... Israel
facing 'diplomatic tsunami' with Arab neighbors... Crisis
threatens Mideast ties... US pleas
ignored as mob attacked... Warning of
'orderly default' on Greek debt... KRUGMAN:
Bush, Giuliani 'fake heroes' who cashed in 'on horror'... BUSH
[ Yeah! bush indeed knows all about this because he is evil and lacks courage!
]: 'One of the lessons of 9-11 is that evil is real, and so is courage'... $447B JOBS
BILL: $421B FROM TAXPAYERS... BILL SHIFTS INCOME CUTOFF DOWN TO
$200,000... JUST $40B
COMES FROM OIL, GAS TAXES... TAB FOR CORP
JET OWNERS: $3 BILLION... Obama to
Tout Jobs Act at Donor's Company... ITALY TURNS
TO CHINA FOR BAILOUT Jordan
Abdullah: Israel situation more difficult than ever... [ Op-ed: israel doesn’t really want
peace http://www.ynetnews.com/articles/0,7340,L-4118832,00.html ]Russia
supports Palestinian statehood... U.S. BOOTS
ON THE GROUND IN LIBYA... NOONAN:
We'll Never Get Over It... NYPD
launches Its Own Navy, 1,000-Man Army, Tanks... 'Dirty Bomb'
Fears... NBCNEWS
TWITTER account hacked, published fake terror alert... Egyptian
protesters pull down Israel embassy wall … [ Congratulations! Well Done! ] ... STOCKS
SLAMMED... Obama jobs
package fails to lift spirits... Global slide... Berlusconi
says has 'no power' as Italy crisis bites... Greek PM to
give speech amid hostility... World Enters 'Dangerous New
Phase'... 'Collectively suffering a crisis of
confidence'... FBI raids
Obama-backed solar company... SOLYDRA reps
made 20 trips to WH before $500M award... Fed court
tosses out 2 challenges to Obamacare... Panel of 3
dem-appointed judges, including 2 appointed by Obama... Afghan
journalist killed by US soldier... ANOTHER $300
BILLION... 'It might
not create a single job'... Makes
'whopper' claim about middle class tax cut... CARNEY:
'I'm going to shuck and jive'... TV stations
pick football over another Obama jobs speech… [ Indeed they should .. wobama’s
total b***s***! ] ... ACLU to sue
over welfare drug testing… [ No constitutional issue here .. Reason? Welfare
isn’t a right! Moreover, such a law deters those who would fail such a test
from applying which therefore understates the prevalence of the abuse in these
difficult fiscal / economic / budgetary times
]... California
Employment Level Sinks to Record Low ... Iceland says
it was 'bullied' over bank debt... 46
People Shot In NYC Over Holiday Weekend... Gunfire
erupts near Bloomberg in Brooklyn... 7 Killed in
Chicagoland... 40% of
Europeans 'suffer mental illness'... Gunman
unloads inside IHOP... 9 shot, 3
killed... 2 dead were
National Guardsmen in uniform... NO REAGAN,
NO CLINTON... Another
all-time low... US on wrong
track say 75% -- of Californians! Redford
disappointed: 'I'm beginning to wonder just where the man stands' … [ I believe
Robert Redford would be a very good and potentially great President! (nothing
to do with his position on the environment) ] ... Stocks Lose for Week as Recession
Fears Grow... Roubini: We Are in 'Worse Situation'
Than '08... More and
more Americans call long-stay motels home... USA: $10
TRILLION IN DEBT…[ Far more than that is the reality ]... Gov't
Battles Copper Thieves... Miami Proposes
'Task Force' To Combat Thefts... FAKE CITY
WORKER ARRESTED STEALING IRON GRATES... Power lines
in Indiana stripped.... China state
paper urges Internet rethink to gag foes... Obama Calls
for Extension of Gas Tax... Hits
all-time low approval among women... SUMMER BUMMER: Stocks Log Worst
August in 10 Years... Solar
company touted by Obama closing -- despite $535 million from feds... 1,100 'green
jobs' gone... POVERTY IN
PARADISE: Joblessness in some parts of Vegas exceeds 20%... RANGE DAYS:
3D head-mount like 'sitting in theater'... August
deadliest month for USA in Afghanistan… [ 66 u.s. soldiers killed ]... FINAL
'FINAL' BATTLE IN LIBYA... REBELS GIVE
GADDAFI UNTIL SATURDAY TO SURRENDER...
ISRAEL MOVES
SHIPS; IRAN MOVES SHIPS Russia,
China wisely, rationally resist U.N. Syria sanctions push... Ron Paul:
Mobs In Europe A Sign Of Things Coming (already here)... Euro bailout
in doubt as 'hysteria' hits Germany... German Chancellor Angela Merkel no longer has enough
coalition votes in the Bundestag to secure backing for Europe's revamped rescue
machinery, threatening a consitutional crisis in Germany and a fresh eruption
of the euro debt saga…’ GALLUP:
OBAMA DISAPPROVE HITS ALL-TIME HIGH... NY economy
takes huge hit... ALARM:
CHRISTIE SAYS DAMAGES IN BILLIONS, 'IF NOT IN TENS OF BILLIONS'... Mental
illness rise linked to 'climate change'... Teen girl
paralyzed, 10 others wounded at 'Drama Free' party... ‘A Queens party advertised on Facebook
and Twitter as "Drama Free" turned into a
shooting gallery early Saturday. Eleven young people were shot, including a
teenage girl left paralyzed, when a gunman opened fire into the crowd. About
100 people were packed into the backyard of the single-family home on Inwood
St. in South Jamaica shortly before 1 a.m., when the shooter
sneaked up a back alleyway and opened fire into the yard through a chain link
fence…’ Read more: http://www.nydailynews.com/news/ny_crime/2011/08/28/2011-08-28_11_shot_at_drama_free_qns_party.html#ixzz1WOiqvmx3 China jails
Tibetan monk for 11 years... Gaddafi
'seen in Zimbabwe on Mugabe's private jet'... BUFFETT BUYS BILLIONS IN BANK... EARNS $280M
-- IN A DAY! Obama called
Oracle of Omaha before big buy... Buffett to
Host Fundraiser... Fukushima
radiation leaks 'equal 168 Hiroshimas'...
New home
sales on pace for worst year in history... NATIONAL
DEBT RISES BY $3 MILLION EACH MINUTE... Obama sets
record: $4,247,000,000,000 debt in just 945 days... STEVE JOBS:
iRESIGN LETTER... [ More than just a ‘Silicon
Valley legend’, Steve Jobs literally saved Apple from extinction … I’m truly
glad he saved Apple, my first computer (1986 - apple IIc for word processing /
data based records / forms / templates / data which I interfaced with an
electric typewriter for letter quality) and for that all should be thankful.
Apple is the Nasdaq (40% weighting) and quite more, that now was! ] YORK:
Spending, not entitlements, created huge deficit... $500,000
federal stimulus grant created 1.72 jobs... GE cutting more jobs... FLASHBACK:
Moving X-ray business to china...
Strong East
Coast quake highly unusual... DETAILS... Felt from
Toronto to Atlanta... Epicenter VA... Felt In
Chicago... Airports
Close... CELLPHONES
OUT... Nuke Plant
Shuts Down... VIDEO:
Vacant White House Shakes... VIDEO: Obama
Takes Quake Call on Links... Stones fall off National
Cathedral... WASHINGTON
MONUMENT 'TILTING'?... HOMELAND
SECURITY'S QUAKE ADVICE: DON'T CALL...
5.8
MAG QUAKE ROCKS DC-NYC SEE YOU IN
SEPTEMBER... Buchanan:
The view from Martha's Vineyard... ‘As he and his daughters bicycle around the summer
playground of the Northeastern elite, Martha's Vineyard, President Obama is
steadily bleeding away both the support of the nation and that of his most
loyal constituency. Several times, his approval rating in Gallup's daily
tracking poll has sunk to 39 percent, with disapproval reaching 54 percent.
Support for his handling of the economy Unemployment SANTORUM: 'maxine waters is vile' [
she’s worse than that, and a total embarassment for america and california
particularly! ] ... Maxine
Waters: 'The tea party can go straight to hell'... Tea Party
fires back... MORGAN
FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [ sounds like a plan … nigger to nigger
… the nigger plan! ] ... Philadelphia
extends curfew after flash mobs [ new u.s. Christmas carol – ‘america’s
beginning to look a lot like sub-saharan africa, everywhere you go’ . They are
beasts of burden at most who are a burden to most at best … you’ll never change the nigger who evolved
only to a point! Think about all those ‘make-work’ jobs for niggers that serve
no real economic purpose; ie., federal, state, local, uspostal service, etc..
And, they can’t even do those jobs reliably, efficiently. Niggers are a drag on
civilized society! ] ... Black congresswoman blames
black unemployment on 'racism' (riiiiight! The race card … how ‘bout reality)
... 'The real enemy is
the Tea Party'... 6 shot at youth
b'ball game (black violence in ‘the city that loves brothers’ – Philly)... 'REGIME
COMING TO END' Unit
protecting Gadhafi surrenders... Libyan
Rebels 'Capture Son'... 'End of
regime in 10 days'... '1,300 dead'
in attack on Tripoli... NATO racing
to wrap up... UPDATES... AL JAZEERA LIVE... NEXT:
Syria warns against military intervention... REVEALED:
Wall St Aristocracy Got $1.2 Trillion in Fed's SECRET Loans...
OBUMMER
SUMMER: DOW DOWN ANOTHER 400 JOBLESS
CLAIMS UP... Inflation rising fast... Treasury
Yields Fall to Record Lows... What went
wrong with global recovery? Police
scramble to fight flash-mob mayhem...
TROOPS IN
AFGHANISTAN 'UNTIL 2024'... GM says
bankruptcy excuses it from repairs... GOV'T MOTORS stock hits new low... Dollar Sets
New Record Low Against Yen... Putin Calls
USA 'Parasite'... israeli raid
strains ties between Egypt and israel... Ridley Scott
to direct new version of 'BLADE RUNNER'... NASA REPORT:
Aliens may destroy humanity to protect other civilizations … [ Naah! Really
don’t have to .. confined to this solar system, by hand of God or man, we’re
only talking decades at most ] ... APPROVE:
(now 39%) 42% Return of
Mass Layoffs a Grim Sign... MOODY'S Cuts
U.S. Growth Outlook... WALMART
warns on US economy weakness...
BELOW 40% WORST WEAK Putin sets
sights on Eurasian economic union... Gorbachev: I
should have abandoned Communist party earlier... 'MAGICAL
MISERY BUS TOUR'... 'Greyhound
One'... Armored
Buses Cost $2.2 Million... BLACK
CAUCUS ON OBAMA: 'WE'RE GETTING TIRED' ]
New
low of 26% approve of Obama on economy...
Inflation
builds... FOOD PRICES
RISING... UNEMPLOYMENT
UP...
OBAMA TO LAY
OUT JOBS PLAN -- AFTER VACATION... 'Takes More
Vacations Than Any Human Being I've Ever Seen'... Commiserates
with jobless, then off to the Vineyard...
Roaming Pack
of Thugs Attacks 64-Year-Old Man, Steals His Bible [ Yes, you guessed it! The
thugs … they’re niggers! ] ... Obama: I
Reversed Recession Until 'Bad Luck' Hit...
OBAMA'S
GREEN PET GOES BANKRUPT... Got stimulus
cash, promised 800 jobs...
Kansas City
mulls curfew after racial attacks... Mayor gets
shoved to ground when gunfire erupts... VIDEO... Flash mob robs DC-area 7-ELEVEN... Boy Stabs
Girl At Philly Mayor ANTI-VIOLENCE Event...
Detroit
Police No Longer Responding To Automated Burglar Alarm Calls...
AP: Ron Paul
no longer 'fringe'... 'Shafted' by
media...
RON PAUL
WEEKEND WINNER IN AMES?
TEEN
UNEMPLOYMENT HITS 50% IN DC
CONSUMER
CONFIDENCE CRASHES... Lowest since
Jimmy Carter...
APPEALS
COURT: OBAMACARE UNCONSTITUTIONAL... Dem Judge
Rules Against Obama's Signature Achievement... 'Unbounded
assertion of congressional authority'...
Emergency
Decree: Italy Approves Tough Austerity Measures... Developing... RIOTS BREAK OUT AROUND GLOBE AMID
ECONOMIC ANXIETY
Dollar
Tumbles on Fed Pledge; Swiss Franc Soars Most Since 1971...
Merkel faces
revolt over eurozone deal...
Philadelphia
Implements Strict Curfew To Combat Violent Mobs... MAYOR TO
BLACK YOUTH: 'You have damaged your own race'... OBAMA
APPROVE HITS NEW LOWS... 'There is
something wrong with our politics'[ Yeah! You, among many others! All those
false campaign promises, etc.! ] ...
6 YEAR OLDS
CAUGHT WORKING ON FARMS... Thirty-year
Treasury yields rise most since 1980s... CHICAGOLAND:
State can no longer afford to bury dead poor...
Feds Called
In To Curb 'Wild West' Violence In E. St. Louis... REPORTS:
Olympics ambassador is London rioter! 5
more US troops killed in Afghanistan...
SAVE THE
EURO: Sarkozy, Merkel in emergency meeting...
HYPERSONIC
PLANE LOST (What was the cost?) ... REPORT:
ENTIRE US STEALTH FLEET GROUNDED...
OBAMA
CONSIDERS BECOMING NATIONAL LANDLORD... Still going
on vaca... Approval:
40%... Highest
approval among Muslims... WRONG TRACK:
73%... Obama Marks
Ramadan with Iftar dinner...
BANK STOCKS
PLUNGE... MOODY's
warns states, local govts... Treasury
sells 10-year notes at record low rate...
SONY
'CLASSIFIED' BIN LADEN MOVIE; WHITE HOUSE
REJECTS FAVORS CLAIM
UK locks
down as nights of unrest spread... Manchester riots on scale not seen in 30 years... Rioters rob
people on street, force them to strip naked... DOW -634... CURSED:
S&P falls 6.66% IT TANKED AS
HE TALKED... BARACKALYPSE NOW
CHINA: Dollar to Be 'Discarded' by
World... Lectures How 'Good Old Days' of
Borrowing Have Ended... NOW BUFFETT
DOWNGRADED! Tel Aviv
stocks fall 7% after USA debt downgrade... Nikkei drops
2%... Wall St
braces... European
leaders scramble to calm investors... S&P: 1
in 3 chance USA will fall ANOTHER notch! Recession
without shock absorbers... Gold soars
above $1,700... PRE-MARKETS...
DEVELOPING... BLOODY
WEEKEND
USA
DOWNGRADED: FIRST CREDIT RATING CUT IN NATION'S HISTORY... DETAILS
[.PDF FILE]... DEMOCRATS
CALL FOR HIGHER TAXES...
CHINA: 'Good
old days' of borrowing are over...
LONDON BURNS... ...the
underclass lashes out Violence
continues... Rioting
spreads beyond capital... DAY 3...
Riot Hits
London After Police Shooting... ...shops
looted RAMPAGE... Fears of
more... DOWNGRADED! DETAILS
[.PDF FILE] FLASHBACK:
'No risk' USA will lose its top credit rating, says Treasury's Geithner … [
Well, we all know the powers of foresight possessed by ‘no-recession-helicopter
ben’ and tiny tim geithner ] ... FOOD STAMPS:
Record 45.8 million dependent... One in seven
Americans...
Postal
Service warns it could default…[ No surprise here .. the usps is totally
unreliable! ] ... Post
Office proposes cutting 120,000 jobs, pulling out of healthcare plan …[ Let UPS
take over the usps! ]... Controversy
over White House 'Hip-Hop BBQ'...
'Mob' beatings at WI state
fair... 'Hundreds of
young black people beating white people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of
cars'... 'They were
just going after white people'... Heightened
security...
[ I refrained from using
the ‘n word’ (or even blacks / negroes) in referring to the culprits in the
following two incidents (those tender sensibilities) but I’m sure you’ve
guessed that they were niggers and I include same here in light of the
foregoing incident (and yes, the victims were white), which is typical. ‘..
while walking through Military Park (a sliver of a “park” - more a pedestrian
thoroughfare/cement walks) in newark, new jersey on the way to the bank during
lunch hour, I heard the clearly audible screams/cries of what turned out to be
an old lady on the ground with blood streaming from her mouth. I ran toward the
sound of the cries, the source of which I could not see because there were so
many people in and about this thoroughfare so as to block any vision of the
source of the cries. When I came to the woman, on the ground, blood streaming
from her mouth, I asked what happened, to which she responded she had been hit
in the mouth and knocked to the ground, her purse stolen/put inside her
shopping bag, and she pointed out the criminal casually now walking across the
main street. Nobody stopped to help her, many having passed her by. I slammed
the thug to the ground so hard that, in light of all the blood and confusion
(limbic system / adrenalin flow) I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped / a crowd gathered
/ an undercover cop happened along). When I testified at the Grand Jury
Proceeding I made sure his threat on my life was set forth in prima facie
fashion so as to maximize the DA’s position with both felonies ( he went to
prison – pled out ). The other case I wrote about here ( This was included on
my website in the Psychology forum discussion of ‘bystander effect’ / diffusion
of responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
UGLY!
DOW PLUMMETS 512... OBAMA HAS
BBQ COOKOUT... GAINS FOR
YEAR GONE... 'CORRECTION'... PANIC RIPS
THROUGH GLOBAL MARKETS... Intervention
fails to quell nerves... 'NOT SINCE
JIMMY CARTER'... Military
money on chopping block...
Grim
economic news clouds Obama 50th...
Two-year
Treasury yield drops to record low... RACE TO
CASH: Bank imposes fee on rapidly growing deposits... DEM RUNS FROM
OBAMA... Leaders
Issue Warning on Joblessness...
Woman dies
from heat after AC stolen... San Fran
tourist mugged of money, clump of hair... RENTER
STEALS AC, SELLS FOR GAS MONEY... HUMAN HAIR
TRADE SURGES... Bronze Dog
Statue Stolen From Humane Society... Thieves
steal school's bleachers! Mom Arrested
For Robbing Girl At Gunpoint -- For Bike... 10-Year-Old
Boys Held Up For Sneakers At Summer Camp... MOODY'S:
'NEGATIVE'
Massive rout
spells trouble for Wall St...
Europe on Brink of 'Major Financial
Collapse'...
DOW PULLS
OFF A WIN! Scary Chart Pattern Suggests More
Selling on Way... Economy
struggles to find footing... Obama,
Bernanke out of ammo to boost jobs, growth... Gold at
$2,000 by year-end...
MORNING AFTER: BORROWING TOPS 100% OF GDP
European
leaders feel the strain... Berlusconi
fails to stem rising panic... 'The coming
crises of governments'... Silent bank
run hits Greece... ...exodus Italy under
fire... Pain in
Spain... Woes Get
Messier...
DEBT DEAL BACKLASH: LIMBAUGH: A
Total Waste of Time and Effort... SAVAGE:
America has been 'hoodwinked'... DAILY SHOW:
Where are the Tax INCREASES? FT: Obama's
image takes beating... Ron Paul
Sounds Alarm on 'Disturbing' Super Congress... DER SPIEGEL:
'Civil War Atmosphere' in Washington...
Dollar falls
to all-time low against Swiss franc...
PUTIN: USA
'parasite' on global economy...
[Unfortunately, this is very true. More unfortunately is the fact that most
worldwide don’t realize that fact! I mean, think about it: pervasively corrupt,
defacto bankrupt america’s cancerous
perma wars, over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge
frauds in securities and otherwise, etc..
]
House
approves debt deal -- day before deadline! Borrowing to
surge after cap raised... May not save
AAA rating...
BIDEN
[‘Lobotomy Joe’]CALLS TEA PARTY 'TERRORISTS'
Manufacturing
drops to lowest level in two years... 'Double Dip
Here'... RI Town
Files for Bankruptcy...
Dog
Airlifted Out of National Forest After Growing Too Tired to Finish Hike...
SURVEY:
Internet Explorer users have lower IQs...
GOP REVOLTS
Obama
Threatens Another Veto... Just hours
after urging compromise... Carney
Admits Obama Has No Plan...
OBAMA'S BASE
CRUMBLES
BALL IN YOUR
COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r* House]!
SWEAT
CEILING: House approves debt bill... NO! 22
REPUBLICANS BUCKED BOEHNER... DC racing
against clock...
HARRY
BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40%
APPROVAL...
Obama takes
debt battle to TWITTER, loses more than 33,000 followers... NYT reporter
advises WH staff?
Illegal
Aliens Head South to Mexico in Search of 'American Dream'... 4.9%
unemployment in Mexico vs. 9.4% in US... Black Middle
Class Eroding As Unemployment Rate Soars...
CHAOS... CLOCK
TICKING... NO PANIC... THE VOTE:
'TEA PARTY' IN CHARGE! Boehner
Delays Vote on Debt... Limbaugh:
We've Been Played... GALLUP:
Obama Rates Higher Than Boehner, Reid on Debt Situation! Ron Paul:
'Default Is Coming'... Treasury
Contingency Plan on Debt Gives Priority to Bondholders... Carney: If We Have No Other
Alternative We Will 'Take Action'... Obama faces
legal bind if time runs out...
PELOSI:
'We're Trying to Save Life on Planet as We Know it'… [ Riiiiight! Keep feeding
those perma wars despite bankruptcy of this nation … Is life as she knows it on
this planet really death? … Why does ‘doo,doo,doo,doo’ to the tune of Twilight
Zone Theme come to mind when hearing her total b***s***?…Oh, riiiiight! She’s
caught wobamanoid fever ] ... 6 days from
'default', both sides scrambling... FURY OVER
STALEMATE BOILS OVER...
House
Dem leader urges Obama to raise debt ceiling without
Congressional approval...
SHOCK POLL:
46% Think Most in Congress Corrupt... WASHPOST/ABC:
Blacks, liberals flee in droves... SANDERS:
Obama should face primary challenger...
The Immelt
Way: WH Advisor on Jobs Moving GE X-Ray Business to China... OBAMA
SECRETLY SIGNALS BANKS: 'NO DEFAULT'... WH to
FOXNEWS: 'Tell your viewers there's nothing to worry about'... BORGER:
'Nobody today is talking about tax increases -- except Barack Obama'... TWT:
Liberals hijacking Reagan to raise taxes... PANIC: WH'S
PFEIFFER SAYS DEFAULT COULD LEAD TO 'DEPRESSION'...
CA seeks bridge
loan to pay bills... Guv OKs
financial aid for illegal aliens... Brazilian
currency at highest level since '99... USA Can
Avoid Default 'at Least Until September'... Obama still
pushing for tax hikes... Endorses New
Plan with 'Sham' Savings... 'Cuts'
include money not spent in Afghanistan over next 10 years... BOEHNER:
Plan 'full of gimmicks'...
'DOING
THINGS ON MY OWN VERY TEMPTING' Widest
wealth gap between whites, minorities on record … [and they’re thanking ‘wobama
the b’ (for b***s***)] ... DEPENDANT
STATES OF AMERICA: Geithner Warns: 'We Write 80 Million Checks a Month'...
BOEHNER
TO OBAMA: 'CONGRESS WRITES THE LAWS, YOU DECIDE WHAT YOU WANT TO SIGN'... ...President
'worried about his next election'
...Putin
considering Kremlin return Pelosi
splits, heads to fundraiser... CNN: OBAMA
LOSING LIBERALS... Farm thieves
target grapes, avocados -- even bees... Thieves
target ambulances... Thieves
Steal 100 Storm Drain Covers In Sacramento... RASMUSSEN
SHOCK POLL: Obama 41% Ron Paul 37%...
DEBT DEAL
DEAD... BOEHNER
WALKS...
80+
DEAD IN NORWAY
Terrorism
shatters peace in home of Nobel prize... NYT:
'Helpers of Global Jihad' claim... Fake cop
opens fire at youth camp... 'Tall,
blond, of Nordic looks'... REUTERS
UPDATE... BBC LIVE... Obama,
Boehner discuss new debt plan... Developing... PRESSURE:
S&P renews warning...
SCORCH: HIGH
TEMPS TO LAST WEEKS... Now covers 1
million sq miles... NEW YORKERS
WARNED TO EXPECT ROLLING OUTAGES...
Rolling
Blackouts Begin In Detroit...
Fears mount
about 'Big Brother' database in Massachusetts... Florida made $63M selling
names, addresses, dates of birth... Latin
America Lectures US over Debt Crisis... US talks get
'messy'... Obama now
open to short-term deal...
Euro
meltdown: Sarkozy jets into Berlin for crisis talks with Merkel... 24 HOURS TO
'SAVE GREECE'...
Ron Paul:
'We Will Default, Debt Is Unsustainable'... DEAL: SENATE
HUDDLES TO HIKE TAXES... Obama
praises... RESTATES
THREAT TO VETO SPENDING CUTS... LIBS EYE
DEEP CUTS TO NATIONAL DEFENSE...
Cash-Strapped
Connecticut Fire Sale, To Axe
365-Year-Old Ferry, Nation's Oldest...
OBAMA MAKES
JOKE; NO ONE LAUGHS...
Gold Has
Longest Run of Gains Since 1980... Gas prices
on the rise; top $4 in eight states...
Cash-Strapped SF To Shutter
Courtrooms; Lay Off 200 Court Workers (and yet another feinstein? From direct
experience with the superior courts of california, no loss here, and
eliminating them entirely not a bad idea in light of their costly corruption as
in the federal system! )... DEM FLASHES
RACE CARD IN DEBT DEBATE... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only THIS
president has received the kind attacks and disagreements'...
BOEHNER: HE
HAS NO
PLAN ... KRAUTHAMMER:
CALL THE BLUFF!
Feds Issue
Warning After 4 Mailboxes Lifted From Post Offices...
O'DRAMA... 'ENOUGH IS
ENOUGH'... WALKS OUT OF
WHITE HOUSE MEETING... 'DON'T CALL
MY BLUFF'... REID CALLS
CANTOR NAMES... CAMP DAVID
SUMMIT? BOEHNER: NO
NEED...
MCCONNELL:
GOP won't be 'tax collectors for Obama economy'... Hometown
congressman tells Obama to 'quit lying'... PELOSI:
'Almost too busy' to continue debt talks... GEITHNER:
Out of time... Cash-Strapped
NYC Fines Man $2,000 -- For Not Watering Beehive?
STUDY: Black
men survive longer in prison than out... Man falls into Maui blow
hole, disappears... PRESSURE:
MOODY'S PUTS USA ON DOWNGRADE WATCH
Boehner
Rails on Obama: 'Like dealing with Jell-O'...
WH Cracks
Down on Press: No Yelling at Obama Today... President
'chafes' at unscripted questions...
BERNANKE
BARKS BACK AT PAUL... Fed May Launch New Round of
Stimulus... DOLLAR
TUMBLES... Putin calls
Feds 'hooligans'...
Gold hits
new high... DEBT TALKS
BREAK DOWN... McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ... 'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS RUBIO: Every
Aspect of Life in America is Worse Since Obama Took Over... GE Immelt
lectures biz owners: 'Stop complaining about government'... FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA: LET'S
STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR... Gunned down
in home by bodyguard... 'Huge boost
for Taliban'... Obama 'far
apart' from Republicans on debt deal... Boehner:
Debt Deal Not Imminent... TORMENT @
9.2%
State and
local governments bleeding jobs... Top Obama
adviser says unemployment won't be key in '12 … (riiiiight!…talk about wishful
thinking and self-delusion)...
BUCHANAN: DC
Establishment 'in Panic'... S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible
knot'... SANTELLI: 'The answer is
easy: Spend less!' Italy's
borrowing costs soar... Berlusconi
appeals for national unity and 'sacrifices'...
New Fears on
Italy Jolt Europe... Soros:
Europeans now need 'plan B'...
Mob Of
Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! BOEHNER:
Taxes 'off table'... Debt
Talks Turn to Social Security Cuts... CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
Mullen
Accuses Tehran of Arming Iraq Militias… [
Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes
nation america which invaded based on known lies ] ...
LONDON
BRIDGES FALLING DOWN: Coulson
'to be arrested tomorrow'... Gov't
decision on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE: Teen
Dead After Beach Brawl... Wisc beating
victim: 'They just said "Oh, white girl bleeds a lot"'...
US Lawmakers
Accuse DOJ of Cover-up in Botched Gun-Running Op... CA
Prison Shrink Paid $838,706 Last Year... CA companies
flee state... No recession
for 454 White House aides: They'll make $37,121,463 this year... United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA BLOWS IT, AGAIN... NANCY GRACE
LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'... Attorney:
Case Was 'Media Assassination'... 'Now you
have learned a lesson'... CBS host
breaks down... 'TOT MOM'
CLEARED BY COURT...
JURY: NO MURDER! Only guilty of lying to
cops...
Portugal's
Debt Downgraded to Junk... CHINA: USA
'ALREADY DEFAULTING'... DOLLAR TO
'LOSE RESERVE STATUS'
Economy Expected to Have Major Slide
in Months Ahead... NEW IMF
CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL: Obama
42%, any Republican
46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS STRIKE
DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal Looks
to Secede from California...
REPORT: U.S.
Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT: Obama
'most successful food stamp president in American history'...
Bachmann:
Media wants 'to see two girls come together and have a mud wrestling
fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come
together’ sounds about right … playing ‘victim’ does not become a presidential
candidate. ] ...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT: NATO
forces ARE trying to
assassinate Qaddafi...
Los
Alamos under siege from wildfire... 'Throwing
absolutely everything at this that we got'...
BLAGO LIKELY
HEADED TO PRISON... 'What
happened?' But he gets
to keep his hair... Fitz finally
wins one!
GUILTY IN
CHICAGOLAND... 17 of 20
counts... Tried To
Sell Obama's senate seat... Jury
DEADLOCKED on Rahm shakedown... Blago to
lawyer: 'What happened?' 'Stunned'...
JOBLESS WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE NEW 'NORMAL' GALLUP PLUNGE... Approval -4,
disapproval +5 -- in one day!
DOWN TO THIRD: USA 'TO FALL BEHIND
INDIA' IN TRADE... DEM FIX:
MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would reach
101% of GDP by 2021... STUDY: State, local gov'ts must
raise taxes $1,400 a year for 30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK POLL:
ONLY 3 in 10 WILL VOTE FOR OBAMA... 66% say US
headed in 'wrong direction'...
Greece Agrees on New Austerity Plan
With EU, IMF... ANGER IN
ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT TALKS
BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion gap in pensions....
Greek Streets 'Explosive'... PM wins confidence vote 'but outlook
remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry Reid
endorses... Bachmann
surges to primary lead...
Iraq hunting
$17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German Giant Says US Workers Lack
Skills... PAPER:
AMERICA'S LOST DECADE? States look
to Internet taxes to close budget gaps...
SPANIARDS ON
MARCH OVER BLEAK PROSPECTS...
House
will move this week to limit funding for effort in Libya...
'DON'T BE
SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK PM
PLEADS FOR UNITY! ...warns
against default Threat to
downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S OFF!
(on the road again) Michelle Obama embarks on Africa visit … (stay there!) ... Michelle
Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen Mob Of
50 Hits Chicago WALGREENS... Teen brutally beaten by mob
of blacks; cops mull 'lynching'
charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington [ Let’s not kid ourselves … and,
Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental
that William’s the over-riding favorite of granny Liz II; after all, Harry’s
the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy
– you know, that ‘bloodline thing’). Moreover, it was reported that Diana had
another ‘potential challenger in the oven’ at the time of her death and we all
know how dicey such english affairs of state can be (ie., Henry VIII, Richard
III, etc.). Then there’s the contempt of Diana for having brought the son of
her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of
a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some
substantial therapy to sort out this looming conflict. After all, Diana was his
mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ] Protesters burn American flag during
Obama visit to Puerto Rico -- a U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv
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3 Reasons Markets Erased the Year’s Gains Wall St. Cheat Sheet ‘ August 4, 2011,
5:27 pm EDT Markets closed down on Wall Street today: Dow -4.31%,
S&P -4.79% , Nasdaq -5.07% , Oil -5.95% , Gold -0.80% .
On the
commodities front, Oil fell to $86.46. Precious metals also
Today’s
markets were down because:
1) Japan and Europe
. Both Japan
and Switzerland made moves to tame their skyrocketing currencies, which
devalued the safe-havens against a host of other currencies, including the U.S.
dollar. Then the European Central Bank decided to re-enter the bond market and
started buying up bonds, but not the Spanish and Italian bonds that are at the
center of the current sovereign debt crisis. Investors became acutely aware
today that, while the U.S.
sovereign debt crisis is over, it’s still very real in Europe .
Furthermore, many once-thriving economies like Japan
2 )
Unemployment. Initial
jobless claims last week fell slightly to 400,000, but have been unable to
break lower in 17 consecutive weeks. For the unemployment rate to decrease and
the country to enjoy sustainable job growth, initial jobless claims need to
stay below 400,000 for a significant amount of time. The slowing improvement in
the job market has Americans worried about the state of the economy, and now
with the debt deal, unemployment benefits could be at risk. Americans are still
awaiting Friday’s official jobs report to see how many jobs the economy created
last month, and most accounts have the rate of growth just enough to keep the
unemployment rate steady at 9.2%, but the report could disappoint and push the
unemployment rate still higher.
3) Capital
goods. With the Pentagon
facing huge budget cuts in 2012 , the part of the capital goods sector
catering to high profile defense contracts could be looking at billions of
dollars in lost revenue. All of the major aerospace and defense stocks have
been falling off today, including Honeywell , Boeing , Lockheed Martin , and
United Technologies Corp. .
BONUS: Why Did the Dow Crash 500 Points? ’
US
Dollar Gains with Gold As Central Banks Intervene in Other Safe Havens - DailyFX
US
Dollar-Gold Correlations Rise As BoJ, SNB Intervenes - DailyFX
Recession
Almost Certain, Money Manager Says -
Henry Blodget
Why
You Shouldn't Buy Into This Plunge at
Forbes ‘ William Scott O'Neil
‘Since the Dow dropped more than 500 points Thursday the next round of
commentary will probably be that today is a “Capitulation” Day. That implies
that the market has bottomed and that now is a good time to buy stocks. In my
opinion, that’s completely wrong. The market is building momentum to the
downside. It’s pretty hard to stop a train going 100 miles per hour.The market
may have a reactionary bounce from here; after all, look at all those “great
values.” But will it be meaningful and lasting? How often have investors
started initiating positions and been burned just a few days later?A number of
factors still have me doubtful that we will get a significant uptrend soon.
This cycle started back in March of 2009, so we are late in the cycle. About 60
percent of the leaders since the beginning of the cycle are broken. The last
dozen of the very best are pulling back into their 50 day moving
averages…again.In fact, this reminds me of the kinds of stock chart patterns we
were seeing in the first failed rally attempt during the summer last year. You
usually don’t begin a real rally without at least decent looking patterns from
numerous market leaders, not defensive stocks. Earnings and sponsorship look
good, but those are lagging indicators that tend to look best at the top.Look
at the last two earnings seasons and how weak the market reaction was to such
strong numbers.Finally, I still believe it will be tough to gain traction
without resolving the numerous domestic and international issues lingering over
the market (“Is
the Bull Market Topping? ”). The odds are that the inevitable reactionary
bounce is a short reprieve on the way further down.If the capitulation results
in a new and meaningful uptrend (and that is a big “if”), we will see that in
the charts. Sitting on the sidelines does not mean we will tune out and miss
the next rally. That’s why we are always on the lookout for new rallies to
begin, and we wait for confirmation on or after the fourth day of the start of a
new rally. We are looking for the rally to prove itself. The idea is to give up
the first few points as a confirmation of strength that the rally is real.If
you are trying to pick a bottom here, take a look at past cycles and see how
successful you’ve been at that game. A few may make it work but ask yourself,
what you are trying to gain? A few points here and there? Or are you trying to
build a portfolio of the best stocks that will result in a substantial year?’
Everything
You Need to Know About Today's Massive Market Plunge at Minyanville
Bearish
Expectations Haven't Been This Bad Since May 2010 at Forbes
Financial
Whac-A-Mole - Can the Mallet Bring Relief? ETFguide
Random
Thoughts: Will the Market Retest the 2009 Lows? at Minyanville It's not your
fault, Will Hunting ; it really is that tough out there.So says a trading
pal whose been doing this for a long time. "I'm hearing that a few big
funds are blowing up," he said, "which might be responsible for the end-of-day
action of late." I wouldn't be surprised; when
margins call and redemptions sing , they tend to do so for a lot longer than
most folks expect. I said to him, as
I wrote yesterday , that A) there is an upside "window" for a
trade if S&P 1250 can remain underfoot (as it stands, all bets are off) and
B) I conceivably foresee a retest of the March 2009 lows, although that may not
happen (if it happens at all) until 2013. Therein lies "the path we take
vs. the destination we arrive at" we often speak of. There are a multitude
of ever-changing variables in play. That isn't a hedge, it's what is. That’s
why I employ a stair-step approach to risk management. Everybody trips, the
goal is not to fall. While that
long-term scenario may or may not evolve, I'll say this so it's officially said
-- if we get "there," I plan to close my eyes and buy everything in
sight (in both my long- and short-term buckets). While you may be thinking,
"Way to put it out there, sport; I'd buy everything too if it were trading
at 50 cents on the dollar," I'll say with a high degree of certainty that
it won't feel like an opportunity -- it
will feel like the end of the world . I don't enjoy being bearish on
the big picture. I feel like that annoying guy at the craps table who bets on
the "no pass" line (yes, that's bad momo). And no, I don't talk about
this much as folks will think I've fallen out of my tree (deja
vu all over again! ). With that said, all a man has is his name and his
word, and I would be remiss if I wasn't forthright (which is a different
conversation than being right).’
Dow
average plunges 513, worst drop since 2008 Aug 4th, 2011 14:26 by News The Dow Jones industrial average plunged more than
500 points U.S. economy will enter another recession and
that Europe ’s debt problems are not closed to
being solved.Major stock indexes fell more than 4 percent.’
A titanic fiscal mistake
Ted Nugent
Markets Retreat
After U.S. Labor Data Reuters
Industrial
groups ring alarm bells on economy FT.com
Spot Gold
Soars To All Time High Of $1678.5 Zero
Hedge
The
Fed Is About To Get The Green Light For QE3 Business Insider | Yesterday
the buzz about QE3 began in earnest.
Do
Gold Prices Rise Whenever the Debt Ceiling is Raised? Washington ’s
Blog | There is … an uncanny correlation between the gold price and the US
US borrowing
tops 100% of GDP: Treasury AFP | US
U.S.
markets end wild ride with slight gains (Washington
Post) Washington
unemployment rate rises WP [ Except for law enforcement and The Washington The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! This is, along
with any up move / strength, a great opportunity to sell / take profits since
there’s much, much worse to come! job
cuts in the U.S. climbed 59% year-over-year in July, and 60% over June’s
figures... 2 ) ISM service-sector report. Monday’s ISM
manufacturing report contributed to market losses on Monday, but today’s
report, though equally negative, didn’t quite have the same effect as markets
began to level out this afternoon. The ISM
service-sector index declined to 52.7% in July. The U.S. service sector
accounts for three-fourths of all economic activity, and employs four out of
every five U.S. workers , so a 0.5% decline speaks volumes about the state of
economic recovery…’ Factory
orders for June fell by 0.8% (just because they say the bad news isn’t as bad
as expected does not make such bad news ‘rally material’. Indeed, the huge
ralleys based on now revised downward data never seem to retrace that fake data
induced stock surge based thereon. Service sector growth slowest since 2010 Moody's sets negative outlook on BNY, JPMorgan Famed
economist predicts economic calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 S&P ends string of losses on tech rebound Tech rebound? Is this some kind of a joke?
National / World
Gunman Reported at Virginia Tech CNN
Is the new “Super Congress” Constitutional?
The
Committee of 13 Kurt Nimmo
“Solution” to The Debt Crisis: More Debt Bob Chapman
Ron Paul: ‘Super Congress’ a “Monstrous Creature” Paul Joseph Watson
In
Europe, the debt crisis only intensifies Italy
and Spain (Washington ….. Rosanne Rosanna Dana formerly of SNL fame and as her mama
always used to say, which is also her hypothesis, ‘it’s always somethin’ … but
unfortunately, that somethin’ is not necessarily what they say it is. Then there’s Simon Maierhofer who posits: ‘ It seems like the European Union and U.S. 3 Reasons Why This Summer Could Get
Ugly July 29, 2011 … ’ Dem PIIGS
still got problems. Europe’s
debt crisis threatens Italy (Washington Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy Italy Italians voice concern over Italian debt
crisis scenario (Washington america Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
Lobbyists
gear up after debt deal Facing future cuts, the health-care and defense
industries are preparing to put up a fight. (Washington america , and
Washington Mapping
the Myths of the U.S. Economy - Stacy
Curtin ‘In The
Real State of America Atlas: Mapping the Myths and Truths of the United States
Not only do
they give state-by-state comparisons, they show how the U.S. U.S.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See: Why
I Am Never Going to Own a Home Again )
#2 Land of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America
The cost of a college education continues to
rise year after year.
The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers --
those who are currently working part-time but would like full-time work --
and discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land
of Givers
While the U.S.
Whereas Sweden
gives almost 1% of its GDP in 2008, the U.S.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
Milbank:
From Tea Party patriot to party man (Washington Milbank:
Mourning the debt deal (WP) [ Ah,
yes! Sweet Mr. Milbank. He’s so sweet. Friend to the Gipper and the new
democratic party. His pain is our pain. Let us join him in tears. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Happy
birthday, Mr. President GALLERY | Dana Milbank imagines the cards Congress
will send on Aug. 4 to celebrate Obama’s 50th.
(Washington th with Mr. Milbank, dressed
in drag, with blond wig, pronouncedly darkened mole on cheek, and in a soft,
raspy but sultry, sexy voice singing ‘happy birthday Mr. President’. I mean,
come on … we all know somethin’s goin’ on between them … you know, kind of a
love affair for the ages … Riiiiight! Milbank:
Dealing with the Default Caucus (Washington
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'... NOONAN:
'HE IS A LOSER'... GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% APPROVE:
42% Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
GOP
REVOLTS
Obama Threatens Another Veto... Just
hours after urging compromise... Carney
Admits Obama Has No Plan...
OBAMA'S
BASE CRUMBLES
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]! NO!
22 REPUBLICANS BUCKED BOEHNER... DC
racing against clock...
Milbank:
Congress is now middle school ‘Anew Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to graduation,
perma-wobama apologist Mr. Milbank has come a long way; but, a pile of b***s***
in the form of ‘wobama the b’ stands intractably in his way, no matter what.
Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. (Washington The
new party of Reagan The Gipper helps make the case for Democrats. (Washington
It’s
still Obama’s party Why he won’t face a primary challenge: Republicans and
racial politics. (Washington It’s true … so right you are! Al
Gore’s even pitchin’ in by donating the talents of his long lost secret love
child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which
goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if
he wants to, cry if he wants to, you would cry too, if obama happened to you …
Well, there you go … if the song says it it must be true. Yeah! And
those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’ SHARE
YOUR OPINION ON THE DEBT LIMIT The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship
with Italy), and some familiar crimes (ie., drug money laundering, etc. – real
cash cow for gov’t ops, bribes, etc.). [Did you know this about the following
ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu:
Died February 28, 1993 by gunfire at Waco Waco
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge11000 Wilshire Blvd., Suite 1700
Los Angeles , CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I
had known / previously met outside of court the judge Ackerman through a
client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S. rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump
Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t
ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles , CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Top 3 Reasons Markets Rallied Despite Negative Economic Outlook Wall St. Cheat Sheet August 3, 2011, Markets
closed up on Wall Street today: Dow +0.25% , S&P +0.59% , Nasdaq +0.81% ,
Oil -2.10% , Gold +1.22% .
On the
commodities front, Oil fell to $91.82, while precious metals gained, with Gold
up to $1,664.50 an ounce and Silver up 4.19% to $41.77 an ounce.
Don’t
Miss: A
Look At U.S. Economic Data Scaring Investors .
Today’s
markets were up because:
1) Job cuts.
Markets took a beating this morning after it was announced that planned job
cuts in the U.S. climbed 59% year-over-year in July, and 60% over June’s
figures. Projections have Friday’s Labor Department report on the state of job
growth in the U.S.
2 ) ISM
service-sector report. Monday’s ISM
manufacturing report contributed to market losses on Monday, but today’s
report, though equally negative, didn’t quite have the same effect as markets
began to level out this afternoon. The ISM
service-sector index declined to 52.7% in July. The U.S. service sector accounts for three-fourths
of all economic activity, and employs four out of every five U.S.
3) Tech. All
three major indices closed the day up, in large part thanks to tech stocks.
Apple , Google , Intel , IBM , and Microsoft led tech gains today, with Intel
one of the Dow’s best performers, helping push the index positive in the last
hour of trading so that, despite a negative economic outlook, the markets
finally got their day in the sun after the shadow of the debt ceiling finally
passed…’
[video]
Trader: Expect More Selling at
TheStreet.com
After
crisis, attention turns to spending panel
Bipartisan committee, tasked with developing a broader plan to control
the government’s debt, is likely to confront the same ideological divide that
caused an almost crippling impasse in the debt-limit debate. (Washington a
committee, to make a plan, for a plan to plan for a final plan of planning to
plan to plan a plan’s plan of executing a plan’s plan of execution of the
planned committee’s plan for planning a plan to plan a plan that’s planned for
a post election plan to plan a plan. What planners pervasively corrupt, defacto
bankrupt america Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time .). IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
Stocks
plunge despite debt deal Weak economic signs spur major retreat, pushing
markets to their lowest point of the year. (Washington Rosanne
Rosanna Danna formerly of SNL fame, to chime in with a reminder as her mama
always used to say, ‘it’s always something’ (previously from 2010 – the song
remains the same) … but unfortunately, that somethin’ is not necessarily what
they say it is. Reality is that the u.s.
market needs no help from Asia or Ireland
or Greece wall street frauds and insiders commission with high frequency
churn-and-earn trade programs and sell into. I mean, forget about valuations, security analysis, basic
economics, etc. … it’s suddenly, from
out of nowhere, Ireland and China jamming on the breaks … riiiiight! Come on!
That dog don’t hunt no more! Lloyd, infra, lists 17 concerns right off the top.
The decline certainly was no mystery to Loundsbury, Roche, Maierhofer, Hussman,
etc., infra, among many others. …
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Rout spells trouble for Wall Street / Moody's
confirms U.S. rating at Aaa, outlook negative / Chinese rating agency cuts U.S.
Deal
fails to soothe foreign critics (Washington Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post | Putin
seemed pleased that politicians in the U.S. Putin says
U.S. is "parasite" on global economy perma wars,
over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in securities
and otherwise, etc.. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time .). SHARE
YOUR OPINION ON THE DEBT LIMIT The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu:
Died February 28, 1993 by gunfire at Waco Waco
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge11000 Wilshire Blvd., Suite 1700
Los Angeles , CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I
had known / previously met outside of court the judge Ackerman through a
client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As much
as I hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S. rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump
Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t
ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles , CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
What
can the Federal Reserve do? With the U.S. Washington Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up and
down; and, make no mistake, those computer-programmed high-frequency trading
volumes have now been maximized for nation-economy-draining profits for the
frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ] In
his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the
Federal Reserve to support the fundamental value of the dollar in the medium
term is to pursue our dual mandate of maximum employment and price stability,
and we will certainly do that.”
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
[video]Sellers
Focus On Downgrade TheStreet.com TV
Analysis: Obama, Bernanke out of ammo to boost jobs, growth - WASHINGTON /NEW YORK (Reuters) - The United States
How
Far Will Stocks Fall? at Forbes Tom Aspray
‘New fears about the economy have trumped the debt resolution and the selloff
is now on. Here are the critical support levels and potential downside targets
to watch for the major stock index ETFs…’
Rhode
Island Town Goes Bankrupt at Forbes
John
Mauldin: The U.S. Must Cut $10 Trillion in 10 Years, or Taxes Will Skyrocket
The Daily Ticker[ Don’t hold your breath!
]
The Debt Ceiling Deal From Hell
Silent Bank Run In Greece
London Guardian Greece
Global
Economic Depression – The “Solution” to The Debt Crisis: More Debt Bob Chapman Germany
Europe
on Brink of ‘Major Financial Collapse’: Guggenheim CIO CNBC Europe
is a “train wreck.”
Spending
Cuts? Federal Spending Will Be Higher in 2012 CNS News
China
Joins Russia in Blasting U.S. Borrowing After Debt Ceiling Agreement Bloomberg
Refuge
Demand Sends Gold To Record Above $1,670 WSJ | Gold futures continued their
march into record territory Wednesday.
SNB
Intervenes To Lower “Massively Overvalued” Franc, Leaves Gold As Only “Safe
Haven” Currency Zero Hedge | The Swiss central bank “unexpectedly”
intervened to curb the record appreciation of the Swiss Franc.
China
Boldly Goes (Again) Where Moody’s Has Never Gone Before, Downgrades US From A+
To A, Outlook Negative Zero Hedge | As was predicted last week, China’s
rating agency Dagong has come through on its threat to downgrade the US.
Food
Stamp Use Surges By Most In Years As Alabama Foodstamp Recipients Double In May
Zero Hedge | It appears that GDP data revisions are not the only thing that the
administration enjoys fudging with.
National / World
Bloomberg
| State-run Xinhua News Agency blasted what it called the “madcap”
brinksmanship.
Mubarak Denies All Charges Against Him
Breaking: Feds Caught Shipping Cocaine into U.S. TheAlexJonesChannel U.S.
Citizens Confront Police Over Organic Food Raid Aaron Dykes
NRA To Sue Feds Over ATF Intimidation Of Gun Sellers Paul Joseph Watson
The Debt Ceiling Deal From Hell
The Decline and Fall of the American Empire america ,
if they’re not already questioning pervasively corrupt, defacto bankrupt america ‘…And it is not only Americans who are being
made homeless by US policies. Afghans, Pakistanis, Iraqis, Yemenis, Somali,
Libyans are also consigned to homelessness by American policy. Moreover, America ’s wars against these peoples together
with the supporting military/security budget account for 75% of the US
In other
words, the cost of the wars that make millions of foreigners homeless use up
revenues that the federal government could have used to keep Americans in their
homes and teachers in the schools. As much as many Republicans profess to be
concerned about the US
Look at these
July 30 headlines, just two days prior to the default deadline, from the online
group, Stop NATO:
US Military To Be
Based In Australia To
Confront China
Call To Expand
American Counterinsurgency Operations In Philippines
US Could Upgrade
Polish Warships For Baltic Sea
Bulgaria : Pentagon Continues Upgrading Military Bases
US Uses Romanian
Air Base To Supply Afghan War
America ’s Africa Partnership Station In East
Africa
Mongolia : US Leads NATO, Asian NATO Allies In Military
Exercise
Libyan War: Over
17,000 NATO Air Missions, Nearly 6,500 Strike Sorti
The Big Picture:
War on Libya is War on Africa
What in the world is a country facing bankruptcy and
default doing conducting military exercises in Mongolia
and Central Asia ? What is the North Atlantic
Treaty Organization, designed to counter a Soviet thrust into Western Europe,
doing in Mongolia?...’
Will:
Obama cannot run from his liberalism (Washington SHARE
YOUR OPINION ON THE DEBT LIMIT The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu:
Died February 28, 1993 by gunfire at Waco Waco
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge11000 Wilshire Blvd., Suite 1700
Los Angeles , CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I
had known / previously met outside of court the judge Ackerman through a
client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S. rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump
Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t
ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles , CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Top 3 Reasons Markets Were Down Despite Debt Deal Wall St. Cheat Sheet August 2, 2011, Markets closed down on Wall Street today: Dow -2.19%
, S&P -2.56% , Nasdaq -2.75% , Oil -1.73% , Gold +2.34 % .
On the
commodities front, Oil fell to $93.25, while precious metals gained, with Gold
up to $1,659.60 an ounce and Silver up 3.79% to $40.80 an ounce.
Don’t
Miss: The
U.S. Debt Deal: Your Cheat Sheet to the Framework .
Today’s
markets were down because:
1) Consumer
spending. With consumer
spending dropping off in July for the first time since September 2009, it
looks as though the economic recovery might be coming to a standstill. This
morning’s report from the Commerce Department shows that the economy only grew
1.3% during the second quarter, while both income and disposable income only rose
0.1%, the slowest rate of growth since November 2010, and consumer spending
contracted 0.2%. The news only compounds the effect of Monday’s ISM
report showing that growth in the manufacturing industry also slowed in
July.
2 ) Debt deal.
With a much-awaited debt
deal finally passed in the nick of time, markets haven’t gotten the boost
one might have expected as investors realize that the deal, which issues huge
cuts to spending without touching taxes, won’t actually help the stagnant
economy. Yesterday anticipation of the deal helped to offset negative economic
data, but now Congress has loosed its reigns on the markets, which will now
have to take their cues from the economy.
3) Debt deal,
take two. While the debt deal will be cutting social spending, student aid, and
government agency budgets, it will also be directly affecting many large
corporations that rely heavily on government sales. Healthcare stocks like Pfizer
, and Humana are down as they expect weakened profits as Congress cuts funding
for Medicare and Medicaid. The capital goods sector is also being hit by the
deal, with huge cuts to defense spending putting contracts with tech,
manufacturing, and aerospace companies like United Technologies , Honeywell ,
and Lockheed Martin at risk…’
[video]
Sellers Focus On Downgrade TheStreet.com NEW YORK - Teddy Weisberg of Seaport Securities says the
headwinds and Washington
American
Investors Screwed: Dave's Daily at
TheStreet (Tue 6:51PM EDT) Washington Spain ,
Italy and even France stock Earnings stocks
Small
Caps Now Negative In 2011; SPY Confirms Bearish Turn at Barrons.com
STOCKS
GET DESTROYED, DOW FALLS 266, GOLD SURGES: Here's What You Need To Know Business
Insider On Tuesday
August 2, 2011, 4:00 pm EDT
Horrible and depressing and disappointing. But first, the scoreboard:
Dow: -265.72
And now, the
top stories:
First, we'll just get it out of the way. The
debt ceiling story is over. The Senate passed the hike and Obama signed
it. The story's resolution provided no lift to stocks whatsoever. Re-live today's
full events here >
The bigger story is Europe
going blamo. Italy and Spain Click here to see
who gets smashed if Italy goes bust >
Mix it all up, shake... You get stocks killed , Treasury yields
collapsing
Ominously, the selling was super-aggressive late
int he day.
In terms of sectors, the biggest losers was
industrials (down 3%) followed by consumer services, down 2.7%.
As for the connection between the debt ceiling
deal and the markets, there's probably no real connection, except the
queazy feeling you might get from thinking about spending cuts during a
bad recovery.
S&P
Goes Negative for the Year at The
Wall Street Journal
The
U.S. Fiscal Crisis: Much Like Greece Stacy
Curtin | Daily
Ticker ‘At long last, our elected officials in
Washington have reached a deal to raise the country's $14.3 trillion debt
ceiling! The measure made it through the House of Representatives Monday and is
set to hit President Obama's desk by day's end after the Senate also votes to
approve the legislation. (See: THE
DEBT DEAL: Crisis Over, But More Pain To Come )
But the
bipartisan deal does little to fix our long-term budget problems, say Adam
Lerrick, professor of economics at Carnegie Mellon University, pointing to two
core problems: 60% of Americans receive more from the government than they pay
in taxes, and 50% of Americans pay no income tax at all.
"This
[deal] is just a temporary stop-gap measure," says Lerrick, an expert in
sovereign debt restructuring. "The United States
What's more is
that Lerrick thinks the U.S.
is just like Greece For more on Greece see: The
Greek Charade, Act II: Europeans Keep Kicking the Can, Stocks Rally ).
Lerrick, who
led Argentina
"The
world is trying to find an alternative to the dollar. The only alternative
right now would be the euro, and as we've seen, the Europeans have their own
fiscal crisis," he tells The Daily Ticker's Henry Blodget in the
accompanying clip. "The day that stops, then we have a full-blown crisis,
because we will literally not be able to pay our bills."
Right now we
are on the precipice of this crisis, and there is only way to get Washington
"The
crisis has started," Lerrick says. "Whether we recognize it and take
action, I hope that will be the main subject of next year's presidential
election." ‘
Check out this online comic that shows how the debt
ceiling fight played out >
http://www.businessinsider.com/heres-the-hilarious-debt-ceiling-comic-strip-you-need-to-see-2011-8#-1
http://www.businessinsider.com/heres-the-hilarious-debt-ceiling-comic-strip-you-need-to-see-2011-8##ixzz1Tw46DbyU
Famed
economist predicts economic calamity in 2012. See the evidence. Newsmax
US
borrowing to surge after debt cap raised AFP
How
The “Debt Man Walking,” aka Uncle Sam, Plans To Steal From You Zero Hedge
Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post | Putin
seemed pleased that politicians in the U.S.
Sharp
Increase in Central Bank Gold Reserves – South Korea Up 17-Fold & Thailand
15.5% in 2 Months Goldcore | Gold is higher in all currencies today except
for the Swiss franc.
Will
Fed Pump More Money as US Economy Sinks? CNBC | The view that economic
weakness will lead the Fed to pump more money into the system is gaining
ground.
The
Charts The Government Doesn’t Want You To See Wealth Cycles | A healthy
skepticism of government statistics is one of those self-preservation
mechanisms that keeps us from hurting ourselves.
The
Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To
$1,950 And Higher Zero Hedge | Two weeks ago we presented a chart that
shows the uncanny correlation between the debt ceiling and the price of gold.
Chinese rating agency cuts U.S. debt again Wed, 03 Aug 2011 02:50:00 GMT Chinese main
credit-rating agency reportedly downgrades U.S. sovereign debt again and warns
of further ...
National / World
Opponents Of Debt Hike to be Barred From “Super Congress”
The US Dictatorship and its White House Servant
‘President’ United States
Why Americans hated the debt debate Washington
Obama Debt Deal Shakes Trust of Supporters
Council Of 13 To Rule America
Max Keiser: AAA to junk – just what Wall St. wants! America
Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post | Putin
seemed pleased that politicians in the U.S.
Opponents Of Debt Hike to be Barred From “Super Congress”
Debt
Deal is a Blank Check
The Debt Crisis Is A Trojan Horse To Cause The Fall of
America Saman Mohammadi
Lyndon LaRouche: Obama to Become ‘Fuhrer’ After Debt
Ceiling Vote
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February
28, 1993 by gunfire at Waco Waco
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge11000 Wilshire Blvd., Suite 1700
Los Angeles , CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention of
the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter?
– and no, there is no Chinese wall of separation – Andrew Maloney’s the one
that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory
and spurious contempt proceeding against me causing substantial damage,
and for which he sought Judicial Notice of those and related proceedings
as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I
met personally at the U.S. Attorney’s Office in Newark, N.J., at which
time Samuel Alito was U.S. Attorney, and went over said documents and
their probative value with him. Within approximately a month thereafter
upon inquiry I was told that Jonathon Lacey was no longer with the office,
that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of
then U.S. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I
had known / previously met outside of court the judge Ackerman through a
client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S. rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump
Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t
ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles , CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Senate
set to take up measure Tuesday The 269 to 161 vote broke down like this:
174 Republicans and 95 Democrats supported the deal, while 66 Republicans and
95 Democrats opposed it. (Washington The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! The Daily Market Report
Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum … US The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch) federal
licensed rating agencies, viz., of reaffirming the u.s. AAA rating in return
for no prosecution surrounding their role in the S&P AAA rated worthless
(fraudulent, mortgage-backed, derivative) paper securities (fraud) giving rise
to the previous leg of this continuing, ongoing debacle / crisis. He finally
goes on to recommend non-u.s., non-dollar denominated assets, precious metals,
and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time .). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read and
explains how the market’s been artificially propped, the dow relative to hard
assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable
prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at
11,357 levels at the beginning of the year 2000. More than a decade later (as
of beginning July 2011), the index is at 12582. Therefore, the index has gained
11% in the last ten years…’ Yet, the inflationary dollar (declining) debasement
rate was 31%. (-31%) {See the inflation calculator infra – and that’s just the
government (inflation) numbers … reality is much worse!} Meanwhile, the frauds
on wall street are churnin’ and earnin’ like never before at lightning
computerized speeds enabling the high-frequency trades that are commissioned in
unprecedented large volumes; a big net negative in real economic terms.] While
Washington Fiddled The Economy Burned at
Forbes [ Oh come on! Let’s get real here! The economy was already burning (see
infra), Washington ] Check out this inflation calculator:
http://www.albertpeia.com/inflationcalculator.htm
. My own direct
experience with the region(s) (particularly new jersey ,
new york , virginia ,
connecticut , california )
carves out no exception for the prevalence of the worst of human nature; which
is now collectively and pervasively americana Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
The
battle is done, the 2012 war begins
/ The
moderate middle carries the day
/ Defense
cuts may hurt D.C. economy / Deal
risks undermining fragile growth
/ What the debt deal means for . . . / The
unemployed: No insurance, no stimulus / Federal
workers: Possible job, benefits cuts / Health
care: Changes to Medicare & Medicaid / The
states: Federal money, credit ratings at risk (Washington Post) [ A simple math example
analogous to the current scenario is apposite and follows, infra. First and
foremost regarding the aforementioned worry / reality list is that all said
concerns are real and warranted. Reason: At some point (now), even printing
more evermore worthless ‘Weimar and
in the following year justifies yet another $5M to make $1M with a comparable
divvy. The problem is that the amount owed has gotten larger, the interest
amounts greater, and net worth lesser. [ Unnaffordable war pending, QE’s 1&
2, etc.. Drudgereport: Obama Economists Admit:
'Stimulus' Cost $278,000 per Job... ] . (Exacerbating the scenario is the reality
that many american ‘manufacurers’ can make as much or more slapping their names
on literally foreign made products, ie., even those ‘apple things’, etc.) Much
like the ‘ponzi scheme’, such a scenario invariably crashes from its own weight
as is true of america
If you divided the national debt up equally among all U.S. $125,475.18 . The federal government has
borrowed 29,660 more dollars
per household since Barack Obama signed the economic stimulus law two years
ago. During Barack Obama's first two years in office, the U.S. government added more to the U.S. national debt than the first
100 U.S. Congresses combined . The
End of the American Dream [ http://endoftheamericandream.com/archives/debt-debt-debt-15-facts-about-u-s-government-finances-that-are-almost-too-crazy-to-believe
]
Instead of listening to the warnings of our founding fathers, now we are
in debt hell....#1 The
Obama administration is now projecting that the federal budget deficit for this
year will be an all-time record $1.645 trillion dollars .
#2 The budget deficit for this year alone will end up
being well over 10 percent of GDP. That is an absolutely nightmarish
level.
#3 Currently, the accumulated national debt of the U.S. $14,123,589,307,190.53 .
#4 If you divided the national debt up equally among
all U.S. $125,475.18 .
#5 The federal government has borrowed 29,660 more dollars
per household since Barack Obama signed the economic stimulus law two years
ago.
#6 During Barack Obama's first two years in office, the
U.S. government added more
to the U.S. national debt than the
first 100 U.S. Congresses combined .
#7 In the new budget that the Obama administration has
proposed, the U.S.
government would spend 3.7 trillion dollars in 2012 and by 2021 the U.S. 5.6 trillion dollars per year.
#8 The U.S. 41 cents of every single dollar that it
spends.
#9 The total compensation that the federal government
workforce earned last year came to a grand total of approximately 447
billion dollars .
#10 The U.S.
#11 The U.S. every single minute .
#12 The U.S. is over 14 times larger
than it was just 30 years ago.
#13 Unfunded liabilities for entitlement programs such
as Social Security and Medicare are estimated to be well over $100 trillion ,
and nobody in the U.S. government seems to have any idea how we are actually
even going to come close to meeting all of those obligations.
#14 If you were alive when Christ was born and you spent
one million dollars every single day since that point, you still would not have
spent one trillion dollars by now.
#15 If the federal government began right at this moment
to repay the U.S. over 440,000 years to pay off
the national debt.
Debt
Deal Yields More Debt: Dave's Daily at
TheStreet ‘ Asia rallied. I was watching breathless and excited
Bloomberg anchors in Asia cheering markets.
Markets opened higher in the U.S. DJIA earnings data
Milbank:
Mourning the debt deal (Washington The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! The Daily Market Report
Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum … US The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time .). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Deal
risks compromising growth Debt-ceiling deal could avert a financial crisis
but would threaten to aggravate economic problems.
(Washington Wake up! The old days are irrevocably
over! Market reaction? Who cares should be their knowledgeable response.
Reason? Though good for the stock market, bad for the economy. Example: QE 1
& 2 – good for the stock market but bad and far too costly for ‘main
street’ and the economy. Another example: If the massive trillion dollar wall
street frauds were prosecuted and disgorgement imposed, the market would indeed
initially go down in manipulated fashion; but , the economy (confidence,
detererrent) would be helped (and deficits lessened) thereby and ultimately go
up on fundamentals. The stock market’s disconnect from the economy and finance
generally has been noted for quite some time. What good for them, has not been
and is not good for you. Yeah, your 401k (if you have one) might gain an extra
buck this year; but, your pink slip will be in by the end of the same year, if
your company’s still in business. And to quote Boehner’s concern with ‘doing a
deal before the Asian markets open’, I would say, ‘If you’re that concerned,
borrow less, spend less, tax the top 1% more, engage in war less.’ That was
preposterous!
Mapping
the Myths of the U.S. Economy - Stacy
Curtin ‘In The Real State of America
Atlas: Mapping the Myths and Truths of the United States , authors Cynthia Enloe and Joni Seager paint a vivid
picture of life in the U.S., using a series of charts, graphics and short
essays that cover almost every aspect of the nation's economy and society as a
whole.
Not only do
they give state-by-state comparisons, they show how the U.S. U.S.
Enloe and
Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land
of Homeowners
The dream of
owning a home is actually more the reality in other countries. In the book, the
authors point to the most recent data, which show only 68% of Americans owned
their home in 2002, compared with 92% in Hungry, 84% in Mexico, 72% in the U.K.
and 71% in Australia.
"One of
the things that is a cherished notion about America
This is
evident in another stat laid out in the book, which shows 83% of people agreed
that buying a home was a safe investment in 2003, compared with 70% in 2010. (See: Why
I Am Never Going to Own a Home Again )
#2 Land of Opportunity
Just like the
ideal of owning a home, opportunity in this country is now also on the brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America
The cost of a college education continues to
rise year after year.
The unemployment rate remains high at 9.2%, but
it doesn't factor in the millions of "underemployed" workers --
those who are currently working part-time but would like full-time work --
and discouraged workers who have tired of looking for a job and have just
dropped out of the job market.
#3 Land
of Givers
While the U.S.
Whereas Sweden
gives almost 1% of its GDP in 2008, the U.S.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
. My own direct
experience with the region(s) (particularly new jersey ,
new york , virginia ,
connecticut , california )
carves out no exception for the prevalence of the worst of human nature; which
is now collectively and pervasively americana Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ezra Klein :What
if it’s Democrats, not Republicans, who will prefer the trigger to a deal on
the debt ceiling. (Washington The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! The Daily Market Report
Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum … US The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time .). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?” …’
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Top 3 Reasons Markets Were Down on Debt Deal and a Weak
Manufacturing Report Wall St. Cheat Sheet ‘August 1, 2011, Markets closed down on Wall Street today: Dow -0.09%
, S&P -0.41% , Nasdaq -0.43% , Oil -0.50% , Gold -0.57 % .
On the
commodities front, Oil fell to $95.22. Precious metals also fell, with Gold
down to $1,621.90 an ounce and Silver down 1.85% to $39.37 an ounce.
Don’t
Miss: The
U.S. Debt Deal: Your Cheat Sheet to the Framework .
Today’s
markets were down because:
1) DEBT
CEILING. Last night President Obama announced that negotiators from both
parties and both chambers of Congress had reached
a compromise on a debt proposal. But as leaders try to sell the deal to
their peers, it’s looking like it might be a close vote. The House is currently
hearing from both the bill’s supporters and its opposition, which comes in the
form of both liberal and conservative representatives. Polls showed that most
Americans wanted a deal that placed some of the burden of balancing the budget
on taxes, if only on the wealthy, rather than focusing solely on spending cuts
as the deal does. All of that leads to a less than optimistic turnout at the
markets despite what should have been a huge sigh of relief.
2 )
MANUFACTURING. While news of a likely debt ceiling solution might have given
markets a boost in the absence of any truly negative data, we’ll never know, as
the ISM Manufacturing Report released before the markets opened
today showed that growth in the sector slowed to a snail’s pace in July, not
just in the U.S. but globally.
3) HEALTHCARE.
Taking a huge beating today were healthcare stocks, down on fears that cuts to
Medicare would reduce revenue for everything from drug companies like Pfizer to
healthcare providers like Humana . Healthcare stocks were down across the
board, despite many positive earnings reports last week. Keep your eye on these
top healthcare stocks as the debt deal unfolds: Johnson & Johnson , Pfizer
Inc. , Bristol Myers Squibb Co. , GlaxoSmithKline plc , Sanofi-Aventis SA , Eli
Lilly & Co. , Abbott Laboratories , Teva Pharmaceutical Industries Ltd ,
and Novartis AG …’
Debt
Deal Yields More Debt: Dave's Daily at
TheStreet ‘ Asia rallied. I was watching breathless and excited
Bloomberg anchors in Asia cheering markets.
Markets opened higher in the U.S. DJIA earnings data
Debt
Deal Is A Blank Check at Forbes
U.S.
Economic Pessimism Grows - Stacy
Curtin ‘While Democrats
and Republicans were arguing over how to prevent the U.S. from a default,
families across the country have become increasingly concerned about the
overall state of the economy, according to the American Enterprise
Institute's latest compilation of recent polls taken in various regions.
Friday's worse
than expected GDP numbers only reaffirm this notion. The U.S. See: 2011
Is Proving to Be a Horrible Year For the Economy )
One of the
most disconcerting findings in the AEI report is a CBS/New York Times poll from
June. It showed that over the last year, more Americans have come to believe
the current economic downturn is part of a long-term permanent decline and that
the economy will never fully recover. In October 2010, 28% of respondents
agreed with that statement, versus 39% last month.
"Americans
are so pessimistic about the economy now ... . And the level of public
pessimism is actually higher than the deep 1981-82 recession overall," due
to grim personal outlooks on a number of issues like jobs, retirement and
health care, says Karlyn Bowman , a
senior fellow at AEI who co-authored the report. "Their negative
sentiments are affecting the way they feel about their family's future, and
interestingly, the way they feel about their state governments. Usually
negative attitudes about the national government don't seep into attitudes
about the state government, but this time it is really different. This
negative, gloomy mood is pervasive.
Speaker of the
House John Boehner echoed these concerns Thursday before one of the many failed
House votes to raise the country's debt ceiling. "This is a challenging
time for our country," he said. "Americans are worried about their
jobs. They're worried about our economy. And they're worried about our debt."
Since the polls
in the report were conducted before the debt-ceiling debate really began
heating up over the last few weeks, one might conclude that if the same
questions were asked today the responses would be even more pessimistic.
Here are other
key findings from the AEI report:
Job
anxiety : In the past six
months, about 5% of Americans surveyed had lost their job, two in 10 said a
family member had lost a job, and six in 10 knew someone who lost a job.
In June 2011,
58 percent were very or somewhat worried they could lose a job in the next 12
months. Nearly eight in 10 say jobs are difficult to find where they live.
Around a quarter are worried about benefit or pay cuts.
Cutting
back: Americans are cutting
back on everything from health care to haircuts. Fewer than four in 10 say
their personal financial situation is in excellent or good shape right now.
Almost as many people say they are falling behind as believe they are getting
ahead, but the vast majority describe their financial situation as having just
enough money to maintain their standard of living. Inflation worries are high
and steady.
Retirement: There's been a dramatic drop in the number of
Americans who say they have enough money to retire. In 2002, around six in 10
believed they would have enough money. In the latest survey by Gallup
10
Reasons We Are Heading for a Recession
[video]
ISM Sparks Selling at TheStreet.com
Poor
Manufacturing Report Knocks Stock ETFs ETF
Trends
Minyanville's
T3 Daily Recap: Dow Swings 284 Points Despite Debt Deal at Minyanville
Mid
Cap Selloff: Does it Signal the End of the Bull Market? at The Wall Street Journal ‘ “This is the end of the run,” says Peter
Boockvar, an equity strategist at Miller Tabak + Co. in New York
NY Fed’s gold
hoard worth $350 billion AFP New York
Bulldoze: The New
Way To Foreclose TIME America
The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider
Soaring
demand spotlights secret NY gold hoard AFP | Gold prices hit a record $1,632.8
an ounce Friday.
Ron
Paul: Freeze the Budget and Stop Plundering the American People! Ron Paul |
Texas
Now We
Return To The REAL Crisis In The World Business Insider | Real problems.
China’s
Answer To Inflation: SkyNet – Foxconn Plans To Replace Workers With Millions Of
Robots Zero Hedge | SkyNet has taken over the market.
Senate
blocks House Republicans’ debt plan House GOP leaders won narrow
approval of a plan to raise the federal debt limit Friday after revising
the measure to appeal to rebellious conservatives, but it was quickly rejected
by the Senate, where lawmakers were pursuing a separate, bipartisan agreement.
(Washington Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time .). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new jersey , new york , virginia , connecticut , california ) carves out no exception for the prevalence of
the worst of human nature; which is now collectively and pervasively americana Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.
economy slows sharply Cutbacks by state and local governments helped
restrict economic growth to anemic levels. (Washington Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at
Forbes [ Oh come on! Let’s get real here! The economy was already burning (see
infra), Washington ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?” …’
Stocks
post worst week in one year Concerns over the stalled debt talks in Washington Washington The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch) federal
licensed rating agencies, viz., of reaffirming the u.s. AAA rating in return
for no prosecution surrounding their role in the S&P AAA rated worthless
(fraudulent, mortgage-backed, derivative) paper securities (fraud) giving rise
to the previous leg of this continuing, ongoing debacle / crisis. He finally
goes on to recommend non-u.s., non-dollar denominated assets, precious metals,
and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come! Initial
unemployment claims Jul. 21, 2011 which bad news sparked wall street rally …
what total b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds
like a plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at
Forbes [ Oh come on! Let’s get real here! The economy was already burning (see
infra), Washington ] Check out this inflation calculator:
http://www.albertpeia.com/inflationcalculator.htm
National / World
Super Congress To Target Second Amendment
Putin says U.S. is a “parasite” on global economy
The Truth About The Debt Deal: It’s Pretty Much
Meaningless
Debt deal agreed but may not save US AAA credit rating
Infowars Special Report With Mike Adams & Richard
Mack
Infowars Special Report With Mike Adams & Richard
Mack
Obama
Launches Gun Grab TheAlexJonesChannel
Raising the Debt Ceiling Avoids the Spending Addiction Sartre U.S.
U.S.
review finds Iraq more dangerous Special inspector general cites increased
attacks on U.S. Washington u.s. america u.s. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Iraq Iraq
.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new jersey , new york , virginia , connecticut , california ) carves out no exception for the prevalence of
the worst of human nature; which is now collectively and pervasively americana Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Treasury
prepares contingency plans Agency is making tough calculations as it plans
to keep the government operating in case of default. (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their pre-election year
data, reports, b***s***? There’s desperation in the air and like never before!
One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references
the sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of inflation;
that the fed will be buying the evermore worthless american paper (bonds) and
creating/printing evermore worthless american dollars; that there’s been a quid
pro quo with at least one of the 3 (S&P, Moody’s, Fitch) federal licensed
rating agencies, viz., of reaffirming the u.s. AAA rating in return for no
prosecution surrounding their role in the S&P AAA rated worthless
(fraudulent, mortgage-backed, derivative) paper securities (fraud) giving rise
to the previous leg of this continuing, ongoing debacle / crisis. He finally
goes on to recommend non-u.s., non-dollar denominated assets, precious metals,
and alternate currencies. This
is still a great opportunity to sell / take profits since there’s much, much
worse to come Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
Will:
Declaration of independents (Washington The Formal
and Aprioristic Character of Praxeology . Are you
sure you didn’t mean ‘Proctology’. You know, all those thumbs and all in washington ‘What
would Jesus cut?’ (Washington A
summer camp for atheists [Camp as in camping?]Welcome to Camp Quest I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington [ And not just americans … Why?
First and foremost because there is a God. Second, it is intellectually
dishonest to be an atheist. Specifically, there is absolutely no evidence to
dispute the existence of God. While one might similarly argue that there is no
evidence to suggest there is a God (which I would dispute), which for most is a
fair statement, the same would yield at best, if intellectually honest, the
position of ‘agnostic’. I can totally understand and even empathize with the
view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor
reason’ at all. But, think binary, positives / negatives. Just too many
negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012
as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the
scheme of things, this world’s just not that important (apes,
notochordates, and initially single celled organisms). ] Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan
politically. Have you taken a really close look at this world today and what
man’s created, ‘mr. and mrs. pro-science and reason’. You obviously take
delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic! Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been
camping’ too long in the nether reaches of the atmosphere (affects the brain,
‘neural firing’ in a negative fashion); but to allay public concerns, and
particularly for those suffering from generalized anxiety disorder, to subtract
one life circumstance from their unrealistic worry; and, because I had
previously commented as set forth infra. No! The world will not be ending on
October 21, 2011 or any other date as set forth by camping. Indeed, God needs
no mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times) The last-minute
rapture reading list (Los Angeles Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C. (Washington The potentially rotten news that the world
will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little
premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … ]
Happy
birthday, Mr. President GALLERY | Dana Milbank imagines the cards Congress
will send on Aug. 4 to celebrate Obama’s 50th.
(Washington th with Mr. Milbank, dressed
in drag, with blond wig, pronouncedly darkened mole on cheek, and in a soft,
raspy but sultry, sexy voice singing ‘happy birthday Mr. President’. I mean,
come on … we all know somethin’s goin’ on between them … you know, kind of a
love affair for the ages … Riiiiight! Milbank:
Dealing with the Default Caucus (Washington
Drudgereport:
HARRY
BELAFONTE: Obama 'has failed'... NOONAN:
'HE IS A LOSER'... GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% APPROVE:
42% Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
GOP
REVOLTS
Obama Threatens Another Veto... Just
hours after urging compromise... Carney
Admits Obama Has No Plan...
OBAMA'S
BASE CRUMBLES
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]! NO!
22 REPUBLICANS BUCKED BOEHNER... DC
racing against clock...
Milbank:
Congress is now middle school ‘Anew Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I always
hated that trite reference to Reagan – and again, let me reiterate that though
I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. [The
new party of Reagan The Gipper helps make the case for Democrats. (Washington
3 Reasons Why This Summer Could Get
Ugly Simon Maierhofer, July
29, 2011 [ Well, before getting to the article, we all know why: because …
‘Sell in May, and go away!’ … Quite simple, as previously set forth here and
elsewhere, you should have ‘sold in May, and went away!’ Why? Because …
as Rosanne Rosanna Danna formerly of SNL fame
and as her mama always used to say, ‘it’s always somethin’’ … but
unfortunately, that somethin’ is not necessarily what they say it is. ] ‘ It
seems like the European Union and U.S.
Some
of the more stubborn and persistently recurring moles have been a weak housing
market (NYSEArca: IYR News XHB News XLF News KRE News
For
right now however, the mole that's holding the stock market captive is the
stalemate deficit situation. But regardless of the if, how and when the deficit
mole gets whacked, this summer (or late summer) may turn quite ugly. Here are
few reasons why:
Poor Seasonality
In
terms of seasonality, August is one of the worst months of the year. A silver
lining is provided courtesy of the Presidential election year cycle. Pre-election
year Augusts tend to perform much better than the average August.
While
the government's thumb may keep the scale tilted towards the bullish side in
August, the months of September and October tend to be bearish, even in
pre-election years.
A Looming Market
Peak
The
S&P is laboring on a 10+ year bearish M formation. The ETF Profit Strategy
Newsletter has been tracking this pattern for several months and wrote on April
3:
'There
is strong Fibonacci projection resistance at 1,369. In terms of resistance
levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong
candidate for a reversal of potentially historic proportions.'
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
The
S&P (NYSEArca: IVV News
The
June 15 ETF Profit Strategy Update outlined this support and pointed out that
as long as it doesn't get violated (in fact it recommended to go long), the
possibility of new highs remains on the table.
Since
then the Nasdaq-100 (Nasdaq: QQQ News
Even
though things look bleak, I wouldn't write off the possibility of new highs
just yet. If the S&P rallies after a potential debt deal, it would offer a
good opportunity to short the market. If it doesn't, it may fall straight into
the summer doldrums.
Weakening Demand
The
Dow Jones Transportation Index (NYSEArca: IYT News
1)
Transports rallied to new highs on July 7, while the Dow Jones Industrial Average
was unable to better its May 2 high. According to Dow Theory that's bearish.
2)
IYT has fallen nearly 10% in three weeks. What do Transportation stocks know
that we don't? One thing could be that UPS, FedEx and Union Pacific only ship
what you and I order. If we don't order, they don't ship.
The
weakness in Transportation stocks may be reflective of weakening consumer
demand.
The
How Robinson Container Index fell 9.3% since the end of April. The Index tracks
rates for container vessels that ship everything from pens and sneakers to
flat-screen TVs and DVR players.
Over
the same period last year (it's not like we had a great economy last year) the
Index surged 56%. Retailers are restocking now for back-to-school and holiday
shopping, so this weakness during peak season is troublesome.
Because
of the lack of peak season demand, leading shipping companies had to delay the
introduction of the usual peak-season surcharges on Asia-U.S routes.
Ignore the Mole
If
you've read my articles before, you know that I used to write more about
economic indicators and fundamentals. But quite frankly, I think following
economic indicators and spoon fed news is a waste of time.
For
the past two years the housing market has been getting worse, yet stocks were
going up. The government is unable to rev up hiring, yet stocks were going up. Greece
The
one time economic indicators were really pointing towards a sustainable
economic recovery was in April 2010. However, I view economic indicators as
lagging indicators. They lag behind stocks and stocks had been going up. For
that reason I wrote in the April 2010 ETF Profit Strategy Newsletter that: 'the
message conveyed by the composite bullishness is unmistakably bearish.'
That
was the last time I used economic indicators to make a market call. My focus
has been on technical indicators accentuated by sentiment and a healthy dose of
skepticism towards Wall Street and the media…’
The Week Ahead: More "Bizarro World" Forbes Tom Aspray MoneyShow.com ‘It’s all about the debt-ceiling
debate right now, and mounting fears have caused technical damage that will
take time to resolve. Use any short-lived rally as a chance for selective
selling.
It was a rough
week for the markets this past week, and the week ahead may be no better. Last
week, Senator John McCain used the word “bizzaro” in his description of how the
debt crisis was being handled. It is nice to have one politician who is not
afraid to speak his mind. Comic book fans will remember that Bizarro World was
a fictional, cube-shaped planet from DC Comics (how appropriate!). [ Since the author’s referred to mccain, I’ll say
mccain’s wife’s / extended ‘family’’s portfolios probably took a hit, so as
always, mccain’s ‘up in arms’ and add this here: The Plum Line : McCain erupts: Conservatives are lying
to America Talk
about lies and liars, mccain’s been a total fabrication, since Vietnam
particularly. Keating 5 mcCain’s a total fraud (wealthy by that meyer lansky
crowd, he still collects social security, and takes those congressional raises
he votes for). He is, and always has been, a pathetic loser; which, if you look
around you, the nation is inundated with today!.. Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo Vietnam http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’…Oh and they so can afford
it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? (This is from 2010 coupled with the
same foregoing prior post) I heard the corrupt, incompetent lawmakers were
giving themselves a raise. They actually deserve at least a 10% paycut and
abolition of those lifetime appointments / permanent corrupt bureaucracies.
Nothing succeeds like failure and crime in pervasively corrupt, defacto
bankrupt america
It would be
nice if last week’s action in the financial markets and in Washington , DC
Another vote
is scheduled for late Friday, but I am not optimistic that it will mean much.
In all likelihood, we will wake up on Monday and still be without a deal.
Investors definitely have started to run scared, as they removed $13.6 billion
from stock mutual funds and ETFs in the first four days of last week.
Institutions
are also nervous, as very short-term T-bill rates have spiked, therefore
causing the yield curve to flatten out. Historically, a flat yield curve is
negative for the economy. Yields on the ten-year T-note dropped to new lows for
the year, as they seem to be the safest haven, after gold.
Though a deal
will eventually be done, what we can’t determine is whether the confidence in
the markets and economic recovery has suffered a fatal hit. A contraction in
credit at this fragile time in the economic recovery could have serious
implications.
There has been
some technical damage to the stock market as well, and while the analysis of
the Advance/Decline (A/D) line still suggests that a major top is not complete,
some time is likely needed to repair the damage.
The negative
short-term analysis allows for more selling, and the S&P 500 could drop
back to the March lows, which are more than 3% below Friday’s close.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29a_large.gif&aid=GURU-23955&scode=012551
A surprise
decline in claims for unemployment insurance was one of the few positives last
week. The much weaker GDP numbers, especially the big downward revision in the
first quarter numbers, hit stocks hard early Friday.
These numbers
did not help make the dollar more attractive, as the dollar index violated
support (line a) on July 21. Though it is possible that the dollar is forming a
double bottom, a more likely interpretation is that it will break below the
recent lows, which will cause heavier selling.
Gold was the
big winner last week, and after completing its flag formation (lines c and d)
on July 12, the Spyder Gold Trust GLD ) has accelerated to the upside. It is still below the
upside targets from the flag formation, which are in the $160-$162 area.
Platinum
prices have been lagging gold, as platinum is just $155 more expensive than
gold. In January, one ounce cost $525 more, and the long-term chart of the platinum/gold spread is quite
interesting.
The week ahead
is a big one for economic reports with the main focus being on jobs. The ADP
Employment report is due out Wednesday, with jobless claims due Thursday, and
the key monthly jobs report scheduled for Friday.
There are some
other reports as well, with the ISM Manufacturing Index and Construction
Spending set for release on Monday. On Tuesday, we’ll get the Personal Income
report, while the ISM Non-Manufacturing Index and Factory Orders will be
released on Wednesday.
What to
Watch
Last Thursday,
I identified some key levels for ETFs that represent the
major stock indexes. Those levels were decisively broken in the Spyder Trust SPY ) and SPDR
Diamonds Trust DIA ). Technology has been the strongest sector recently,
and the tech-heavy PowerShares QQQ
Trust QQQ ) is so far holding well above its key support.
Stocks made
their lows on the opening last Friday, and despite much-worse-than-expected
economic numbers, S&P futures closed almost ten points above the early
lows. Though this does possibly mark a short-term low, a rally this week will
have to be watched closely.
My concern is
that we will see a sharp reflex rally once a deal on the debt ceiling is made,
but that rally won’t last more than a day.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29b_large.gif&aid=GURU-23955&scode=021551
S&P
500
The monthly
chart of the Spyder Trust SPY ) shows that it has closed lower for the past three
months. It is currently not far above the monthly uptrend, line a, at $127.
There is further support from the April 2010 highs at $122.
The 200-day
moving average (MA) (not shown) is still rising but was violated last Friday.
Once below
Friday’s low at $127.97, the next key chart support is at $126.19 and the June
lows. SPY made a low in March at $125.28 during the panic selloff.
The S&P
500 A/D line has broken the uptrend from the June lows and now shows a pattern
of lower highs and lower lows. The June lows now represent important support.
There is
initial resistance for SPY at $130.40-$131 with much stronger resistance at
$132.63.
Dow
Industrials
The SPDR Diamonds Trust DIA ) was hit hard last week, falling as low as $120.64 last
Friday. One can make a case from the weekly chart that a weekly
head-and-shoulders top is forming. The neckline (line b) is just above the $119
level with the June lows at $118.54.
A decisive
close below both of these levels on a weekly basis would clearly be serious.
The weekly OBV did confirm the highs in May, but it remains below its weighted
moving average (WMA) and has broken its uptrend, line c.
The Dow
Industrials’ A/D line has reversed sharply, breaking the long-term uptrend, but
it is still above the June lows. If those lows are broken, a more serious
decline could occur.
There is
significant resistance for DIA at $122.50-$123 and more important resistance
now at $123.80 to $124.39.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29c_large.gif&aid=GURU-23955&scode=021551
Nasdaq
100
The tech
sector was the strongest last week, as the PowerShares QQQ Trust QQQ ) held above key support at $56.87-$56.98. Friday’s low
was $57.44.
The better
relative performance, or RS analysis, is evident on the %Change chart, as QQQ
shows higher lows while SPY shows lower lows.
The Nasdaq 100
A/D line did not confirm the recent highs and this divergence is now more of a
concern. A break of longer-term support will confirm the divergence.
There is
initial resistance at $58.80-$59.30.
Russell
2000
The iShares Russell 2000 Index Fund IWM ) was hit hard last week, down over 5%, and it is
already close to the June lows at $77.23, having reached $78.24 on Friday.
If the June
lows are broken, the major 38.2% support is at $76.11.
The Russell
2000 A/D line is declining, but it is still holding above major support.’
Top
3 Reasons Markets Were Down After a Weak GDP Report Wall St. Cheat Sheet July 29, 2011, Markets closed down on Wall Street today:
Dow -0.79% , S&P -0.65% , Nasdaq -0.36% , Oil -1.56% , Gold +0.74 % .
On the
commodities front, Oil fell to $95.92, while precious metals gained, with Gold
up slightly to $1,628.10 an ounce and Silver up 0.29% to $39.91 an ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s
markets were down because:
1) Debt
ceiling. Every day I have to include the debt ceiling as one of the reasons the
markets were down, a little piece of me dies. Four days until the Treasury’s
deadline and Congress seems to have reached a stalemate. Boehner keeps pushing
forward with his bill, and finally has enough votes in the House for it to
pass, only to get voted down soon as it reaches the Senate, where Democrats and
Republicans alike have vowed they will block it. Senate Majority Leader Harry
Reid is working on a budget plan that has wider support in the Senate, but it
has yet to be put to a vote, until which point there’s no knowing which way it
will go, especially in the Republican-led House. So in the meantime, we wait
and listen to China complain
about the US .
2 ) GDP . If
yesterday’s positive economic news wasn’t enough to counteract the depressing
effect of the looming debt ceiling, today’s bad economic news sure isn’t going
to help matters. Stocks took a huge dip this morning right out of the gate
after the Commerce Department reported GDP
grew at an annual rate of 1.3% during the second quarter, well below
projections of 1.8% growth. While data like durable goods orders and consumer
spending give us an idea of how the economy is progressing, GDP covers the
whole kit and kaboodle, and the most recent figures are not good.
3) Treasuries.
While short-term Treasuries saw a moderate selling-off on Friday, as would be
expected, the price on the benchmark 10-year note rose, pushing the yield down
from 2.91% to 2.78%, the biggest one-day drop since December 2010. Longer-term
investors tend to focus more on the economy than more immediate issues like
those plaguing Washington at the moment, so the fact that the price of
long-term notes is up shows that investors have a positive economic outlook.
BONUS: Cost
of Insuring U.S. Debt Explodes to Two-Year High .’
The
‘Duh! Ya think?’ corner:
Confusion
Grips Wall Street Ahead of Debt-Ceiling Deadline - Aaron Task
2011
Is Proving to Be a Horrible Year for the Economy - Peter Gorenstein
Even
the Best Investors Get It Wrong. Ask John Paulson - Peter Gorenstein
Probabilities
of Bearish Scenarios Increasing at
Minyanville
[video]
Economist John Ryding: Concerned About Stagflation at TheStreet.com
S&P 500 Down 3.92% for the Week
Investors
Flee Markets: Dave's Daily at
TheStreet http://www.albertpeia.com/wobamavoters.gif
courtesy of Dave … ‘We're in an "event
risk" market environment. These are never easy to trade or position. I
would wager many institutions and individuals are trying to find protection in
whatever instrument they can find and/or are permitted to use. According to
Lipper investors pulled a net $32.2 billion from mutual funds--including
ETFs--for the week ended July 27. This continues the previous trend. Further
investors loss of confidence in the U.S.
There wasn't an attempt at end-of-month window
dressing as conditions made this futile. Gold
(GLD, IAU, DGP), Japanese Yen (FXY), Swiss Franc (FXF), U.S.
Surveying
The Week's Wreckage at The Wall Street
Journal
While
Washington Fiddled The Economy Burned at
Forbes [ Oh come on! Let’s get real here! The economy was already burning (see
infra), Washington Washington ] Check out this inflation calculator:
http://www.albertpeia.com/inflationcalculator.htm
Growth
anemic, debt fight poses recession risk Reuters | The U.S.
Giant
Banks Lobby to Raise the Debt Ceiling and Slash Public Benefits Washington
Apple
Now Has More Cash Than The U.S. Government Business Insider | The world’s
largest tech company has more cash than the world’s largest sovereign
government.
IMF
chief: Dollar status in doubt if debt crisis persists AFP | Lagarde warned
that failure to resolve the crisis would likely raise “doubts” about the
dollar’s status as the world’s reserve currency.
Municipalities’
credit ratings at risk Counties in the Washington Washington States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take
out a short-term $2.25 billion loan to pay its bills is symbolic of how
difficult state and municipal financing will be in the year ahead, analyst
Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid. “That’s what’s really going to hurt. So the pain of the states is just upon
us,” said Whitney. “What you’ll see now is as the states are submitting final
budgets, you’ll see the real pain at the municipal level start happening July
1. That will intensify and that’s where you’ll see the fallout.”"That’s
what’s really going to hurt. So the pain of the states is just upon us,” said
Whitney. “What you’ll see now is as the states are submitting final budgets,
you’ll see the real pain at the municipal level start happening July 1. That
will intensify and that’s where you’ll see the fallout.”CNBC ]’Moody's
Cuts Connecticut Outlook To Negative at
Forbes Halah
Touryalai ‘ Is Meredith
Whitney’s “I told you so” moment approaching?
Moody’s just lowered Connecticut
From Moody’s:
The state has
approximately $14 billion in outstanding general obligation bonds…The negative
outlook reflects Connecticut’s depleted reserves with slim prospects for
near-term replenishment; pension funded ratios that are among the lowest in the
country and likely to remain well below average; and high combined fixed costs
for debt service and post employment benefits relative to the state’s budget.
In the absence of a clearly articulated plan to achieve meaningful improvement
in the state’s pension funded ratios and reduce its fixed costs, as well as
progress toward adequate reserve levels, Connecticut
The news comes just a day after it was revealed that
its tri-state neighbor New Jersey JPMorgan Chase . The Garden State
Whitney, the analyst who has been sharply criticized
for her prediction of widespread municipal defaults this year, was on CNBC this morning discussing the bridge
loan . From the interview:
“I wouldn’t read
too much into this one financing. It could be business as usual. That’s not the
issue,” Whitney said in a live interview. “New Jersey
Rather, she said
these types of moves will be mere warning shots as states approve their
spending plans for the fiscal year ahead—running from July 1 to June 30—and
balance those budgets by cutting local aid.
“That’s what’s really
going to hurt. So the pain of the states is just upon us,” said Whitney, famous
for her warning about Citigroup ‘s exposure to subprime loans back in 2007, a call
that would foretell the ensuing financial crisis. “What you’ll see now is as
the states are submitting final budgets, you’ll see the real pain at the
municipal level start happening July 1. That will intensify and that’s where
you’ll see the fallout.”
Whitney said
last year that she expects hundreds of billions in defaults on municipal bonds
in the next five years.’ Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Meredith
Whitney State Finances Are Worst Than Estimated [Fortune via Katie Benner . Ask Meredith Whitney! She was right last
time, and this time, like last last time, she’s takin’ it on the chin from the
permabull wall street frauds: Meredith
Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing
trade. At the Milken Conference yesterday, Meredith Whitney said there was
nothing controversial about her muni call, maintaining that she has more
conviction about the muni crisis call than anything in her entire career. Via
Bloomberg:
Whitney said on
the panel, “It’s not that big of a call..There’s nothing controversial about
that call, if you look at the numbers.”
“You can criticize
me for everything you want, I’m just numb to it because I have more conviction
on this than I’d had on any single thing in my career.”
On the same panel,
David Solomon, Goldman Sachs’ co-head of investment banking said, “I don’t
think we’re doomed. I think the resources available to us, and the changes that
will evolve as we come out of a very, very difficult economic period that we’ve
been stuck in over the past couple of years, will provide more flexibility than
I think Meredith believes.”
Boehner
rewrites bill after analysis How has the Congressional Budget Office, a
small agency of analysts, gained such authority in D.C.? Alice
Rivlin on CBO’s role in debate Ezra
Klein: Why does anyone trust CBO? (Washington Vote
on Boehner bill delayed after analysis Washington Washington http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Boehner
orders GOP to fall in line on debt As investors grow increasingly anxious,
House Republican leaders deliver a tongue-lashing to their most conservative
lawmakers and cast Thursday’s roll call as nothing less than a vote of
confidence in their stewardship of the chamber. (Washington Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Europe’s
debt crisis threatens Italy (Washington Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it owes
$15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP)
in the form of unfunded liabilities. The funniest thing about this (and you
have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
It’s not ‘default’ The U.S. Washington CHINA:
USA 'ALREADY DEFAULTING'...
, One commentator, Peter Shiff,
to Frank Motek of 1070am Bus.Report references the sham in Washington; and
regardless, points to default by way of inflation, further stating that the
debt ceiling’s already been breached by borrowing. Moreover, he additionally
states that default is inevitable by way of inflation; that the fed will be
buying the evermore worthless american paper (bonds) and creating/printing
evermore worthless american dollars; that there’s been a quid pro quo with at
least one of the 3 (S&P, Moody’s, Fitch) federal licensed rating agencies,
viz., of reaffirming the u.s. AAA rating in return for no prosecution
surrounding their role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on the
exact month, or within one month, of the official start as determined one year
later by the official arbiter of recession, the National Bureau of Economic
Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to fail”
turn to “too big to bail?” …’
National / World
Here’s a picture of obama
voters / backers: http://www.albertpeia.com/wobamavoters.gif
Exclusive: ATF Intimidates Gun Owners With Home Visits Paul Joseph Watson
About
Obama’s ‘Secret Plan’ Powerline Washington
THE issue of our time: Genetic Armageddon Daniel Taylor
Exclusive: ATF Intimidates Gun Owners With Home Visits Paul Joseph Watson & Aaron Dykes
Is America Caught In The Closed Mind Trap?
House
leaders postpone vote on debt plan
House Republican leaders delayed until at least Friday a white-knuckle
vote on legislation designed to ease the nation’s debt crisis, after hours of
scrambling in vain to lock down the last votes needed for passage. (Washington The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity to sell / take
profits since there’s much, much worse to come! Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this market
based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
Stocks
extend losses amid debate Declines tempered by report showing fewer
Americans filed for unemployment benefits last week. (Washington The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity to sell / take
profits since there’s much, much worse to come! Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this market
based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Limbaugh:
We've Been Played for Saps , Folks: Boehner Bill Will Become Reid Bill July
28, 2011 ... [ God knows I’m no fan of perma war,
bush, etc., apologist limbaugh’s; yet, I’m constrained to say I agree with his
headline and include his article (which I’ve not read) here for 1st
Amendment purposes while also saying, republicans, democrats … at this point,
what’s the difference? ] ‘BEGIN TRANSCRIPT
RUSH: I think
we've been played for a bunch of saps, I mean not us exclusively, I just mean
the whole country, the Republican Party, ruling class. I'll explain as
uncomfortable as it is and as grading as it is, I'll explain as the program
unfolds it's great to have you here as always telephone number if you want to
be on the program. 800-282-2882. The e-mail address [email protected] Florida Florida Clinton
There's no Obama
bill. There's nothing set down on paper. So the Reid bill will
become the Obama bill. The Boehner plan will become the Obama plan.
I think that's the trap. And, of course, the establishment, Republicans
are all gung ho. "Gotta get this done. It's the best we can
get." Because they're telling themselves there aren't any tax
increases in it, and there aren't. There aren't any tax increases in the
Boehner bill. And there are spending cuts and there are caps, but what
happens when that goes over to the Senate and Reid says, "You know what, I
like some of this and I don't like that. Let's take some of this out and put
some of this in," and gets his votes for it and the Boehner bill becomes
something unrecognizable, then goes back to the House, what are they going to
do? They've already passed the Boehner bill under the guise that we can't
wait any longer, that AAA credit rating is in jeopardy, all this rotgut BS.
Iraq and Afghanistan
BREAK TRANSCRIPTWashington New York
The guys at Red State Washington Red State
END TRANSCRIPT’
Top 3 Reasons Markets Were Down Despite Apparent Economic
Recovery Wall St. Cheat Sheet, July 28,
2011 [ Come on! Who believes their pre-election year data, reports, b***s***?
There’s desperation in the air and like never before! ] ‘ Markets closed
down on Wall Street today: Dow -0.51% , S&P -0.32% , Nasdaq +0.05% , Oil
-0.27% , Gold -0.22 % .
On the
commodities front, Oil fell to $97.14, while precious metals were mixed, with
Gold up slightly to $1,617.40 an ounce and Silver down 1.88% to $39.81 an
ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s
markets were down because:
1) Jobless
figures. Giving the markets an early boost this morning was news that last week
initial
jobless claims fell below 400,000 for the first time since early April.
Though that number still seems high, economists say that, when jobless claims
fall below 400,000, that means the economy is adding more jobs than it’s
losing. All of the major indices were up this morning on the news, climbing
into the early afternoon before taking a dip. The Dow climbed as high as 12,380
points, but unfortunately wasn’t able to hold onto the morning’s gains,
ultimately settling in the red, as did the S&P 500, with only the Nasdaq
Composite holding on to enough of its gains to finish the day up, though well
below its high just before noon.
2 ) Pending
home sales. Yep, those improved as well. According to the National Association
of Realtors, pending
home sales continued to increase in June , up 2.4% over May and a whopping
19.8% over June 2010. Last month is only the second since April 2010 to show
year-over-year growth, and this upward trend bodes well for the housing market
, which has been slow to recover from the financial crisis.
3) Debt
ceiling. Until Congress agrees on a new budget and a plan to raise the debt
ceiling, markets are going to continue to be weighted down by the pressure of
impending default. It doesn’t matter that unemployment may start to decline, or
that pending home sales are up — if the government defaults on its obligations,
all the progress that’s been made so far will be thrown out the window.’
Minyanville's T3 Daily Recap: Market Stuns Dip Buyers, Gives
Back Big Early Gains ‘During the first
half of the day Thursday, the market looked set to erase most of yesterday's
potent down day. Many bulls were calling yesterday's big selloff a shakeout.
Boy, can four hours make a world of difference. Stocks Nasdaq S&P Dow LinkedIn Corp. LNKD stock
AAII
Sentiment Survey: Investors are Getting Very Negative About Stocks Wall St. Cheat Sheet
Don't
Light That Short Fuse! at Forbes … The markets
seem likely to re-test recent lows, and if key technical levels are broken, an
explosion in selling is possible. The fuse is getting shorter. Consider
some selective selling, and watch these price levels on the major stock index
ETFs … What It Means
Another
Late-Hour Stumble at The Wall Street
Journal
Dagong
Says Will Cut US Rating As Early As Monday Zero Hedge | “We will react
soon, probably next Monday or Tuesday.”
This
Is What A Collapsing Ponzi Scheme Looks Like David DeGraw | You might want
to sit down for this one.
White
House Says Treasury Will Be “Running On Fumes” Shortly Tyler Durden | The
White House’s press secretary Jay Carney said that the Treasury will be
“running on fumes” if the debt ceiling is not raised by August 2.
Tax
Cuts for the Middle Class and Poor STIMULATE The Economy, But Tax Cuts for the
Wealthy HURT The Economy Washington’s Blog | Extreme conservatives push for
tax cuts … but just for the wealthy.
S&P
softens stance on rating debate Rating agency clarifies that even a
less-than-$4T cut in deficit would allow the U.S. to avoid a downgrade. S&P
cuts Greece rating from CCC to CC (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ ! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Reports
confirm decelerating economy Debt showdown is coming at a time that the
economy is barely eking out any expansion at all. Beige
book highlights, coast to coast (Washington Post) [U.S.
markets stay calm amid debate Investors are getting antsy without a deal in
Washington, but the markets are not in freak-out mode. (Washington this sounds like a job for … Rosanne Rosanna Danna formerly of SNL
fame, to chime in with a reminder as her mama always used to say, ‘it’s always
something’ … but unfortunately, that somethin’ is not necessarily what they say
it is. (from 2010) Reality is that the u.s.
market needs no help from Asia or Ireland
or Greece wall street frauds and insiders commission with high
frequency churn-and-earn trade programs and sell into . I
mean, forget about valuations, security analysis, basic economics, etc. … it’s suddenly, from out of nowhere, Ireland
and China jamming on the breaks … riiiiight! Come on! That dog don’t hunt no
more! Lloyd, infra, lists 17 concerns right off the top. The decline certainly
was no mystery to Loundsbury, Roche, Maierhofer, Hussman, etc., infra, among
many others. … Fed Easing Is Not Aimed at
Weakening US Dollar: Dudley [
It doesn’t matter what they say … you can’t believe a word they say, like
no-recession ben shalom bernanke … and, contrary to rhetoric, their intent was
as preceding the last crash was to inflate earnings to froth the stock market
(to create the all too familiar bubble for wall street frauds and insiders to
commission with high frequency churn-and-earn trade programs and sell into ) by
debasing the fiat Weimar dollar currency.
] New York Fed President Bill Dudley, in one of the first Fed interviews
since the central bank’s policy came under attack at the G20 meetings in Seoul,
said critics were “off base” to believe the aim of the policy is to weaken the
U.S. dollar.] U.S. Commodities
sink on China, European concerns BusinessWeek Summary Box: Stocks
Sink on Fear of China Slowdown Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Previous: Suckers’ rally into the close off lows
based on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
National / World
IMF and CFR Insider Recruited by Obama White House Kurt Nimmo
Polarbeargate
Obama to Approve ‘Al-Qaeda Embassy’ in Washington U.S.
New NASA Data Blow Gaping Hole In Global Warming Alarmism
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February
28, 1993 by gunfire at Waco Waco
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge11000 Wilshire Blvd., Suite 1700
Los Angeles , CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was transferred
from said office within approximately a month of said meeting and his location
was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson),
worth approximately now in excess of $300,000 remains unaccounted for and
which could be used for payment to creditors, Los Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on Coan’s
Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug) money
being laundered through the Trump casinos by the RICO defendants, and
despite my motion to recuse her which motion she heard herself and denied,
and U.S. Trustee Hugh Leonard with whom I met personally refused to join
or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the
RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his location.
I thereupon delivered by hand, copies of said documents to the office of
then U.S. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I
had known / previously met outside of court the judge Ackerman through a
client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S. rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump
Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t
ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles , CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Boehner
orders GOP to fall in line on debt As investors grow increasingly anxious,
House Republican leaders deliver a tongue-lashing to their most conservative
lawmakers and cast Thursday’s roll call as nothing less than a vote of confidence
in their stewardship of the chamber. (Washington Vote
on Boehner bill delayed after analysis Washington Washington http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Europe’s
debt crisis threatens Italy (Washington Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INCOME STATEMENT USA BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
The Plum Line : McCain erupts: Conservatives are lying
to AmericaWashington Post) [ Talk about lies and liars, mccain’s been a
total fabrication, since Vietnam Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo Vietnam http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’…Oh and they so can afford
it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? (This is from 2010 coupled with the
same foregoing prior post) I heard the corrupt, incompetent lawmakers were
giving themselves a raise. They actually deserve at least a 10% paycut and
abolition of those lifetime appointments / permanent corrupt bureaucracies.
Nothing succeeds like failure and crime in pervasively corrupt, defacto
bankrupt america
Obama
tries to reassure his base (Washington If
election held today, Obama would lose in ‘landslide’ National Journal |
Those polls are even more ominous for the president. Drudgreport: Obama Economists Admit:
'Stimulus' Cost $278,000 per Job...
GALLUP SHOCK: 'REPUBLICAN'
BEATS OBAMA BY 8% APPROVE: 42% Return of Mass Layoffs a Grim
Sign...
Dollar falls to all-time low
against Swiss franc...
GOP REVOLTS
Obama Threatens
Another Veto... Just hours after urging
compromise... Carney Admits Obama Has No
Plan...
OBAMA'S BASE CRUMBLES
CHAOS... CLOCK TICKING... NO PANIC... 6 days from 'default', both
sides scrambling... FURY OVER STALEMATE BOILS
OVER...
House Dem leader
urges Obama to raise debt ceiling without Congressional approval...
SHOCK POLL: 46% Think Most in
Congress Corrupt... WASHPOST/ABC: Blacks,
liberals flee in droves... SANDERS: Obama should face
primary challenger...
The Immelt Way: WH Advisor on
Jobs Moving GE X-Ray Business to China... OBAMA SECRETLY
SIGNALS BANKS: 'NO DEFAULT'... WH to FOXNEWS: 'Tell your
viewers there's nothing to worry about'...
A
party of scorpions The GOP refuses
to be rational in debt talks. (Washington A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Milbank:
Dealing with the Default Caucus (Washington
Top
3 Reasons Markets Were Down on More Debt Ceiling Fears Wall St. Cheat Sheet July 27, 2011, ‘
On the
commodities front, Oil fell to $97.34. Precious metals also fell, with Gold
down to $1,615.80 an ounce and Silver falling 0.86% to $40.35 an ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s
markets were down because:
1) Debt
ceiling. Probably the two dirtiest words in the American vocabulary today.
President Obama and members of Congress have been working for months on a
budget deal that both the Republican-led House and the Democrat-led Senate can
agree upon, to no avail. And neither side would agree to raise the debt ceiling
until a deficit-reduction plan is in place. Unfortunately, every bill proposed
so far has been shot down, and Republicans
are hurriedly working on another that will surely be shot down as well, by
members of both the right and left. Democrat and Senate Majority Leader Harry
Reid’s plan has a chance, with a significant amount of bipartisan support, but
we haven’t seen it yet, and it’s questionable whether the plan will make it
through a House vote. Oh yeah, and did I mention that the U.S. credit rating is
likely to be cut even if a bill is passed in time to raise the debt ceiling?
Apparently Reid’s and Boehner’s plans won’t cut enough to make ratings services
happy.
2 ) Weak
economic data. The Fed released their Beige
Book survey today showing that the economic recovery has severely slowed,
only compounding the depressing effect of news that durable goods orders fell
2.1% in June, which had Dow manufacturers like 3M , United Technologies ,
General Electric , and Caterpillar all trading in the red today.
According to the Fed’s report, consumer spending stagnated with higher fuel
prices taking a bite out of disposable income. The report also predicted little
improvement in jobless figures in the second half of the year.
3) Earnings.
Fortunately not all investors are taking their cues from the government. With
earnings report season in full swing, a few companies have seen shares
skyrocket in the last week on better-than-expected earnings reports. Just a few
of the stocks preventing the markets from completely bottoming out are Boeing
and Amazon
. Dunkin Brands also had a
bright IPO today .
BONUS: See
Why Oil Stocks Are in the Gutter .’
Live
Coverage: Robert Shiller and David Blitzer Break Down the Current Housing
Market Wall St. Cheat Sheet
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat Sheet July 26, 2011, ‘ We can all thank President Richard Nixon
for current debates over the national budget and the debt ceiling . In 1973,
the debt ceiling was $465 billion, and debt was set to hit that level in the
summer. In order to prevent the government from reaching its debt ceiling,
Nixon took it upon himself to “impound” $3.4 billion in Congressionally
appropriated funds. During that exertion of his executive power in a situation
that should have been left to the legislative branch, he paved the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7
times, the first time by a Republican-led House and a Democrat-led Senate in
June 2002, the second with a Republican majority in both houses less than a
year later, and the final time by a Democratic majority in both houses in
November 2008. During Bush’s tenure, the debt ceiling was increased from $5.95
trillion to $11.315 trillion.
Historically,
both Republican and Democratic leaders have witnessed significant increases to
the debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8
trillion. Even George H.W. Bush saw the ceiling increased four times during his
single term in office. Not including the current administration, 16 presidents
have served a total of 23 terms in office since the Second Liberty
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly $384
billion to date. We can only imagine the toll a default, even temporary, could
take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
Minyanville's
T3 Daily Recap: Market Rocked as Debt Fears Grow at Minyanville
Worst
Day in Two Months Wipes Out Dow's July Gains at The Wall Street Journal
F-22
Pilots Found With Anti-Freeze, Propane in Bloodstream, Fleet Grounded at Minyanville ‘…According to the Air Force Times , blood tests of
F-22 pilots showed a host of chemicals, including anti-freeze, propane and
burned polyalphaolefin, a synthetic oil, after flights where they reported
experiencing cognitive problems. These toxins, along with carbon monoxide, may
be causing hypoxia, which is a lack of oxygen. Hypoxia can cause reduced brain
function and memory loss. F-22 pilots reported being unable to remember how to
change radio frequencies and scraping treetops when approaching the runway. In
November 2010, an F-22 crashed in Alaska and the pilot, Capt. Jeffrey
Haney, was killed. Sources told the Air Force Times that in his final
radio calls he sounded drunk, a symptom of hypoxia… There is a lot of nasty
stuff getting pumped into the pilots’ bloodstream through what they’re
breathing from that OBOGS [On-Board Oxygen Generation System] …The source, who
requested anonymity "for fear of retribution," continued: "These guys are getting tested for toxins and
they’ve [gotten] toxins out of their bloodstreams. One of the guys was
expelling propane."In the meantime, Air Force officials say that
"some test pilots at the base are flying their jets under a special waiver
granted to them to test an unrelated software upgrade."The operational
fleet, however, remains grounded, the Air Force Times ' Majumdar writes,
"with pilots and ground crews practicing in simulators as much as they
can."But, he explains that "is not a real solution because the pilots
won’t be able to maintain currency."As another former F-22 pilot pointed
out, “After 210 days, they’ve got to start retraining everybody."At $350
million per plane (and $44,000/hr to operate), you'd think this sort of
thing would be covered under warranty.’
The 400 Richest Americans
Pay An 18% Tax Rate
Dick Bové: You Should Be Pissing Your Pants In Fear And Planning On
Staying Wet http://www.albertpeia.com/knownunknown.png Bess Levin ‘She recommends “suspending
investing since all stocks are likely to fall now,” getting liquid, and finding
a “safe haven” where you can draw the blinds and lay low until things blow
over.’
This
Time The Debt Ceiling Hike Really Is Different Zero Hedge| Never before has
the ratio of the proposed debt ceiling to the tax receipt ratio been as high as
it is now.
Sen. Paul
Speaks Out Against Boehner’s Bill Fox News| Paul discusses why he’s not in
support of Rep. John Boehner’s debt limit bill.
Down
To The Wire: Wednesday’s Congressional Vote On Boehner Plan Delayed Until
Thursday Tyler Durden | When describing the Boehner’s plan as perceived by
the CBO we used one key word: “laughable”.
Obama
“Will Not Take Yes For An Answer” On Debt Ceiling Debate Washington
U.S.
markets stay calm amid debate Investors are getting antsy without a deal in
Washington, but the markets are not in freak-out mode. (Washington A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable
prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at
11,357 levels at the beginning of the year 2000. More than a decade later (as
of beginning July 2011), the index is at 12582. Therefore, the index has gained
11% in the last ten years…’ Yet, the inflationary dollar (declining) debasement
rate was 31%. (-31%) Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.] Check out
this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Previous: (Washington Post)
[ Yes … this sounds like a job for … Rosanne Rosanna Danna formerly of SNL fame, to chime in with a
reminder as her mama always used to say, ‘it’s always something’ … but
unfortunately, that somethin’ is not necessarily what they say it is. (from
2010) Reality is that the u.s.
market needs no help from Asia or Ireland
or Greece wall street frauds and insiders commission with high frequency
churn-and-earn trade programs and sell into. I mean, forget about valuations, security analysis, basic
economics, etc. … it’s suddenly, from
out of nowhere, Ireland and China jamming on the breaks … riiiiight! Come on!
That dog don’t hunt no more! Lloyd, infra, lists 17 concerns right off the top.
The decline certainly was no mystery to Loundsbury, Roche, Maierhofer, Hussman,
etc., infra, among many others. …
Fed Easing Is Not Aimed at
Weakening US Dollar: Dudley [
It doesn’t matter what they say … you can’t believe a word they say, like
no-recession ben shalom bernanke … and, contrary to rhetoric, their intent was
as preceding the last crash was to inflate earnings to froth the stock market
(to create the all too familiar bubble for wall street frauds and insiders to
commission with high frequency churn-and-earn trade programs and sell into ) by
debasing the fiat Weimar dollar currency.
] New York Fed President Bill Dudley, in one of the first Fed interviews
since the central bank’s policy came under attack at the G20 meetings in Seoul,
said critics were “off base” to believe the aim of the policy is to weaken the
U.S. dollar.] U.S. Commodities
sink on China, European concerns BusinessWeek Summary Box: Stocks
Sink on Fear of China Slowdown Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia. (Washington The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Previous: Suckers’ rally
into the close off lows based on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
Data:
Housing market remains weak Home sales and prices are struggling to
recover, creating a drag on the economic recovery. (Washington Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia .
(Washington The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Suckers’ rally into the close off lows based on bad news and b***
s*** alone as previously: Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with
with an electric typewriter for letter quality)] who could (as he) identify
such novelties as the biggest over-priced / over-valued sensations since the
hoola hoop (which were pretty cheap and with some minor health benefits to
boot).Take this run-up as a gift based on fraudulent wall street b***s*** alone
and take this opportunity to sell / take profits / ‘sell today if you missed in
may and then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this market
based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
National / World
If
election held today, Obama would lose in ‘landslide’ National Journal |
Those polls are even more ominous for the president.
TSA Agent Poses As Cop To Harass Woman
NSA Admits It Tracks Americans Via Cell Phones National Counterterrorism Center
Americans’ debt rage boils over
Secret Cloning Projects Exposed: Help Us Warn the World TheAlexJonesChannel
BATF Admits “Guns Walked” Under Fast & Furious Infowars.com
TSA Agent Poses As Cop To Harass Woman
NSA Admits It Tracks Americans Via Cell Phones National Counterterrorism Center
The Political Theater and the Debt Ceiling Crisis: Are We
Being Had?
Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in Washington Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to hard
assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable
prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at
11,357 levels at the beginning of the year 2000. More than a decade later (as
of beginning July 2011), the index is at 12582. Therefore, the index has gained
11% in the last ten years…’ Yet, the inflationary dollar (declining) debasement
rate was 31%. (-31%) {See the inflation calculator immediately above the
current date on this page – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Gallery:
Key players shaping economic policy (Washington Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Vote
on Boehner bill delayed after analysis Washington Washington http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Europe’s
debt crisis threatens Italy (Washington Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European countries,
Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in control
of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone missing,
etc.).
Federal
Reserve can’t rescue debacle (Washington instrumental in creating this crisis; and for
quite some time the fed’s been admonished for doing exactly that. Here’s a
straight shooter from across the pond who was appalled by what he saw in
clinton’s Arkansas / then u.s. (although his ‘england’ / great britain is worse
for wear and has itself devolved into comparable orwellian and worse
madness). ‘The
Kabuki theatre of America’s Debt Ceiling Jul
26th, 2011 by News By Ambrose Evans-Pritchard (The Telegraph) http://www.usagold.com/cpmforum —
Calm down. The US US and gold
might blast to $3,000 Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat Sheet July 26, 2011, ‘ We can all thank President Richard Nixon
for current debates over the national budget and the debt ceiling . In 1973,
the debt ceiling was $465 billion, and debt was set to hit that level in the
summer. In order to prevent the government from reaching its debt ceiling,
Nixon took it upon himself to “impound” $3.4 billion in Congressionally
appropriated funds. During that exertion of his executive power in a situation
that should have been left to the legislative branch, he paved the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7
times, the first time by a Republican-led House and a Democrat-led Senate in
June 2002, the second with a Republican majority in both houses less than a
year later, and the final time by a Democratic majority in both houses in
November 2008. During Bush’s tenure, the debt ceiling was increased from $5.95
trillion to $11.315 trillion.
Historically, both
Republican and Democratic leaders have witnessed significant increases to the
debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8
trillion. Even George H.W. Bush saw the ceiling increased four times during his
single term in office. Not including the current administration, 16 presidents
have served a total of 23 terms in office since the Second Liberty
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly
$384 billion to date. We can only imagine the toll a default, even temporary,
could take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
‘What
would Jesus cut?’ (Washington A
summer camp for atheists [Camp as in camping?]Welcome to Camp Quest I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington [ And not just americans … Why?
First and foremost because there is a God. Second, it is intellectually
dishonest to be an atheist. Specifically, there is absolutely no evidence to
dispute the existence of God. While one might similarly argue that there is no
evidence to suggest there is a God (which I would dispute), which for most is a
fair statement, the same would yield at best, if intellectually honest, the
position of ‘agnostic’. I can totally understand and even empathize with the
view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor
reason’ at all. But, think binary, positives / negatives. Just too many
negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012
as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the
scheme of things, this world’s just not that important (apes,
notochordates, and initially single celled organisms). ] Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan
politically. Have you taken a really close look at this world today and what
man’s created, ‘mr. and mrs. pro-science and reason’. You obviously take
delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic! Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been
camping’ too long in the nether reaches of the atmosphere (affects the brain,
‘neural firing’ in a negative fashion); but to allay public concerns, and
particularly for those suffering from generalized anxiety disorder, to subtract
one life circumstance from their unrealistic worry; and, because I had
previously commented as set forth infra. No! The world will not be ending on
October 21, 2011 or any other date as set forth by camping. Indeed, God needs
no mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy
(Los Angeles Times) The last-minute
rapture reading list (Los Angeles Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington [ And not just americans … Why?
First and foremost because there is a God. Second, it is intellectually
dishonest to be an atheist. Specifically, there is absolutely no evidence to
dispute the existence of God. While one might similarly argue that there is no
evidence to suggest there is a God (which I would dispute), which for most is a
fair statement, the same would yield at best, if intellectually honest, the
position of ‘agnostic’. I can totally understand and even empathize with the
view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor
reason’ at all. But, think binary, positives / negatives. Just too many
negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012
as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the
scheme of things, this world’s just not that important (apes,
notochordates, and initially single celled organisms). ]
A
party of scorpions The GOP refuses
to be rational in debt talks. (Washington A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Milbank:
Dealing with the Default Caucus (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for
a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘ USA INC. - INCOME STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. … USA
INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not
want to look at the Balance Sheet. Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece Greece Spain Iceland By most accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Will:
Obama is the debt problem (Washington America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new jersey , new york , virginia , connecticut , california ) carves out no exception for the prevalence of
the worst of human nature; which is now collectively and pervasively americana Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
US
Equities Forecast and the Anticipated Path of the Market at Minyanville Peter Prudden
July 25, 2011 The market continues to pull back on global macro problems, and
conversely, trade higher on short-term debt solutions, robust Q2 earnings, and
recent improving economic data.In
early May my thesis on the market was setting up for a significant market
crash, based upon an unsustainable bid occurring in equities. The damage manifesting
under the hood was indicative of such a crash comparable to 1987; one that
would result in testing the March 2009 lows. Since that time, the market has
undergone a consolidation process through time rather than a function of lower prices consumer
credit U.S. U.S. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/ppr7251b.jpg … ’
Live
Coverage: Robert Shiller and David Blitzer Break Down the Current Housing
Market Wall St. Cheat Sheet
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat Sheet July 26, 2011, ‘ We can all thank President Richard Nixon
for current debates over the national budget and the debt ceiling . In 1973,
the debt ceiling was $465 billion, and debt was set to hit that level in the
summer. In order to prevent the government from reaching its debt ceiling,
Nixon took it upon himself to “impound” $3.4 billion in Congressionally
appropriated funds. During that exertion of his executive power in a situation
that should have been left to the legislative branch, he paved the way for the Congressional Budget and Impoundment Control Act of 1974 ,
which established the Congressional budget process we have today and created
the Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the
history of the debt ceiling dates back much further, to 1917 and the beginning
of U.S. involvement in World War I, when Congress passed the Second Liberty Bond Act in order to raise funds to pay for
the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During
President George W. Bush’s two terms in office, the debt ceiling was raised 7
times, the first time by a Republican-led House and a Democrat-led Senate in
June 2002, the second with a Republican majority in both houses less than a
year later, and the final time by a Democratic majority in both houses in
November 2008. During Bush’s tenure, the debt ceiling was increased from $5.95 trillion
to $11.315 trillion.
Historically,
both Republican and Democratic leaders have witnessed significant increases to
the debt ceiling during their tenure, with lawmakers in both parties coming
together to make decisions. During President Clinton’s eight years in office,
the debt ceiling was raised four times, from $4.145 trillion to $5.95 trillion,
an increase of 43.5%, while the debt ceiling was raised a total of 17 times
during President Reagan’s two terms, tripling from $935.1 billion to $2.8 trillion.
Even George H.W. Bush saw the ceiling increased four times during his single
term in office. Not including the current administration, 16 presidents have
served a total of 23 terms in office since the Second Liberty
In that time,
the closest the government ever came to default was a last minute deal in 1979.
Though the deal was finalized in time, computer malfunctions led to $122
million in Treasury payments being delayed, technically amounting to temporary
default and thus permanently increasing interest rates by 0.6%, resulting in
$12 billion in additional annual debt payments, costing the government roughly
$384 billion to date. We can only imagine the toll a default, even temporary,
could take on today’s economy.
Though
majority leadership in both the House and Senate was continually fluctuating,
with divisions within and between Houses, between the legislative and executive
branches, members of each party, no matter how they were divided or which group
was in control, managed to increase the debt ceiling, while avoiding default, a
grand total of 77 times to date.’
Soros
Exits And Takes A Cheap Shot At Regulators at Forbes George
Soros Retires From Hedge Fund Management
Top 3 Reasons Markets Were Down After Obama and Boehner Showdown
Wall St. Cheat Sheet July 26, 2011, ‘Markets closed down on Wall Street today: Dow -0.72%
, S&P -0.40% , Nasdaq -0.10% , Oil +0.27% , Gold +0.49 %.
On the
commodities front, Oil climbed to $99.47. Precious metals also gained, with
Gold up to $1,622.30 an ounce and Silver climbing 1.50% to $40.97 an ounce.
Don’t
Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s
markets were down because:
1)
Obama/Boehner . Last week they were working together and everyone was confident
that a budget deal was on its way, but when House Speaker Boehner walked out on
talks on Friday, that no longer looked to be the case. Then last night, Obama
addressed the nation, re-affirming his intention to veto any deal that didn’t
include both tax revenue and spending cuts. Following his address, Boehner
spoke, criticizing Obama’s inability to compromise while himself refusing
to compromise with the president. The Treasury’s deadline is now only 7 days
away, and there isn’t even a complete bill currently before the House or
Senate, and yet investors aren’t panicking. Markets are down, but not as much
as would be expected if the economy was about to be dealt as huge a blow as
would be a government default on the debt . Whether it’s because people don’t
understand just what a default could mean for the economy, or because they are
confident their lawmakers will come to a resolution in time, investors aren’t
running scared. The current state of budget talks may be preventing markets
from climbing excessively, but they don’t seem to be depressing them much
either.
2) Earnings.
Were it not for the weight of the debt ceiling, today’s markets may have been
fared better. With 75% of S&P 500 companies beating earnings expectations
in their latest quarters, this earnings season has been overwhelmingly
positive, and points to increased spending that, if given the chance, could
stimulate the economy into the recovery we’ve been waiting on. A lot of the the
biggest earners during the latest quarter were tech companies, including
Chinese Internet search company Baidu
with second quarter earnings climbing 95% over a year earlier, and Apple
reported net income twice that of the previous year.
3) New home
sales. For the second month in a row, new home sales slipped in June, with the
Census Bureau reporting an annual sales rate of 312,ooo new homes last month,
down from 315,000 in May. That’s bad news for the housing market considering
this time of year usually sees increasing sales. However, June sales were still
up 1.6% over last year, so like most of our economic news of late, it’s effect
on the markets hasn’t been wholly negative or positive. And Case-Shiller
said housing prices actually rose month over month ’ (but this is a seasonal
thing which was not adjusted as such).
10 Jobs With High Depression Rates
(for the criminally insane frauds on wall street that's literally and
figuratively speaking!)
Recovery
Job Growth Concentrated In Low-Paying Occupations Huffington Post
A lesson from Greece UPI
Geithner
gave Fed official waiver on AIG holdings Reuters
Goldman Launches The SS
QE3 Tyler Durden
HuffPo-AOL
Admits We’re in a Depression… Sorta Kurt
Nimmo
Debt
Ceiling Intransigence: Unintended Consequences… Dr. Paul Craig Roberts |
Which party is responsible for intransigence on raising the debt ceiling?
Republicans say the Democrats are, and Democrats say the Republicans are.
IMF
chief urges U.S. to immediately resolve debt spat Reuters | IMF chief
Christine Lagarde on Tuesday urged the United States to quickly resolve a
political stalemate over raising the debt ceiling.
The
Federal Reserve ADMITS that Its 12 Banks Are PRIVATE – Not Government –
Entities Washintong’s Blog
Americans
increasingly unhappy with Washington’s effort on jobs, poll finds More
Americans are unhappy with how both President Obama and congressional
Republicans have handled the economy. (Washington Unemployment
up in 28 states in June The rate for the District surpassed the national
rate, up to 10.4 percent (Washington The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Huge suckers’ rally to
keep the suckers suckered in this market based upon backward looking data
discounted multiple times to the upside (including the apple numbers as
recently as last week on ‘leaked’ expectations of ‘better than expected’,
etc.), taxpayer funded QE results, and b***s*** alone. This is an especially
great opportunity to sell / take profits since there’s much, much worse to
come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm The Economic Collapse ‘The following are 15 examples that show many
Americans have become so desperate that they will do just about anything for
money….
#1 In Utah for the bargain price
of $10,000 . For an additional $2,000, he will let people hunt him
down while he is running around naked.
#2 The Huffington Post is
reporting that there has been an epidemic of air conditioning thefts all
over the United States….
Across the country, in states like Illinois ,
Texas , Arizona ,
Georgia and Florida
#3
In Corpus Christi , Texas in order to steal
the embalming fluid .
#4 Even police officers are committing desperate acts
these days. Just check out what one police officer in Chicago is charged with doing ….
A Chicago
#5
Nothing is off limits to thieves these days. Criminals recently broke
into a southwest Atlanta and took
off with $30,000 in hair extensions .
#6
In another area of Atlanta ,
thieves have been breaking down walls and busting bathroom fixtures with
sledgehammers in order to get their hands on copper, brass and steel….
Kids in two Atlanta South Bend
#7
One grandmother in Florida for $75,000 .
#8
In Antioch , California 300 power poles were recently
knocked down by thieves and stripped of their copper wiring.
#9 In Minnesota until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#10 In Asheville ,
North Carolina 4 metal tables and
16 metal chairs that were sitting outside a pizzeria.
#11 In Florida storm drain covers .
#12 In Oregon 3 large air conditioning units .
Now all the people that come to that facility for help and for community
programs this summer will be absolutely sweltering.
#13 In the Cleveland were robbed in broad
daylight . The crooks got away with approximately 12 dollars.
#14 In Oklahoma, thieves recently broke into a church
and stole “arts
and crafts supplies meant to help teach bible stories to children “.
#15 A 59 year old man from North Carolina robbed a bank and got caught on
purpose so that he could be put in prison and be given free health care.
Markets
may be near tipping point U.S. debt default could rock the global economy
at a vulnerable time, with growth already slowing in Asia .
(Washington The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed !
Previous: Suckers’ rally into the close off lows based on bad news and b***
s*** alone as previously: Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
National / World
Obama Secretly Tells Banks: We’re Not Defaulting U.S.
EU Exploits Norway Massacre to Stifle Dissent Paul Joseph Watson
TSA Reminds Us All Who The Real Terrorists Are
Former Ambassador Links Tea Party to Norway Killer Uzbekistan
New polls confirm Obama’s Democratic base crumbles
Issa: Obama admin intimidating witnesses in ATF gun probe
Washington
Guns from U.S. sting at Mexican crime scenes: report
Mutilated
pro-Gaddafi soldiers found dead in rebel-controlled area: report RT Libya
Man
Who Knew Anders Behring Breivik Says He Was Brainwashed RT
Europol to
Investigate Non-Islamic Terror Kurt
Nimmo
The Worst Run State in
America? Not California [California ’s #2]
Oct. 8 2010 ‘Kentucky Wyoming Arkansas
These are just
some of the findings from 24/7
Wall Street’s comprehensive study of states’ financial management. The
rankings were based on a number of metrics including unemployment rate, debt
per capita, home price change between 2006 and 2009 and median household
income.
The study also
found that Delaware California Texas South
Carolina and Nevada Nevada
24/7 Wall Street comes to this conclusion about its rankings:
“Well-run states have a great deal in common with well-run corporations. Books
are kept balanced. Investment is prudent. Debt is sustainable. Innovation is
prized. Workers are well-chosen and well-trained. Executives are picked based
on merit and not ‘politics.’”
Check out the
list for a few surprises like California Kentucky
Kentucky’s
troubles include having one of the lowest GDP per capita, it ranks 47th in
median household income, and it’s ranked 49th for having one of the highest
percentages (18.6%) of people below the poverty line. I wonder what the Tea
Party’s favorite Kentucky
Tiger death in Indonesia blamed on paper firm [ indonesia , as well as india REPORT:
Mountain Lion Killed in CT Came From SD... connecticut ]
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February
28, 1993 by gunfire at Waco Waco
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez, Assistant
Director In Charge11000 Wilshire Blvd., Suite 1700
Los Angeles , CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until
he abruptly retired (our last conversation prior to his retirement related to
the case and parenthetically, Rudy Giuliani whose father I stated had been an
enforcer for the mob to which he registered disbelief and requested I prove it,
which I did – he served 12 years in prison, aggravated assault/manslaughter? –
and no, there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I
had known / previously met outside of court the judge Ackerman through a
client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S. rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th
Street, #404
Los Angeles , CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are
unresolved problems with the line, computer connection may be the reason but I
hesitate to chance greater non-performance / worsening by their ‘fix’ so cell
phone best for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Europe’s
debt crisis threatens Italy (Washington Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Political
ends, but little more THE TAKE | By
the time they finished, it was clear why Republicans and Democrats are no
closer to a deal. (Washington america ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Europe’s
debt crisis threatens Italy (Washington Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects usually
funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). A
corporate quandary: Who to bribe? U.S. (Washington Deals abroad? Come on! Wake up!
One way or another, domestic or foreign, in one form or another, bribes are
being paid as standard operating procedure, modus operandi, in, to, and by
pervasively corrupt, defacto bankrupt america and assigns. That’s just the way
it is, however unfortunate; and, in circumstances when you’d least expect
it. .
Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america Cummings /
Volkman Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s ‘no-recession-helicopter-ben-b.s.-bernake’
et als and anything that conflicts with the huge wall street money / paper
frauds that continue as we speak of them. Come on! Does anybody buy any of the
b***s*** from him or his ilk. ‘Conflicts are US’ is the prevailing entity / pressure
group / reality in Washington
Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on the
exact month, or within one month, of the official start as determined one year
later by the official arbiter of recession, the National Bureau of Economic
Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500. Will the phase II be as bad as
the 2008 crisis? The last crisis was confined to the private sector, i.e.
financial institutions. The next one will be involve the threatened default of
entire countries. The last time, the central banks bailed out the financial
firms and even Warren Buffett bailed out several firms. Who is big enough to
bail out entire countries? Or will the term of “too big to fail” turn to “too
big to bail?”
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%, and now up 7.73% – through
12/10/07 – so far in this latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment decisions
that provide less exposure to these volatile, range bound markets and prepare
us to re-enter the markets when they possess improved risk characteristics.’
Though having but 5% of the world’s population, the u.s. has 76%
of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
A
center vs. right debt fight Obama talks to the middle while Boehner rallies
the right. (Washington Milbank:
Dealing with the Default Caucus (Washington Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet
again.Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy,
Portugal, Spain and a host of other countries are having chest pains. Iceland
is feeling better now with its freshly transplanted heart. The American home
owner is still in the hospital from his financial heart attack after gobbling
up vast quantities of real estate, and it has been many decades since Uncle Sam
last could see his toes. By most
accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Top 3 Reasons Markets Were Down As Lawmakers Freeze Debt Talks
STOCKS
FORGET TO CRASH AS US GETS ONE DAY CLOSER TO DOOM: Here's What You Need To Know
Business Insider On Monday July 25, 2011 ‘The market may crash at some point before
the debt ceiling fight is over. But, contra all the hype, today was not to be
that day.
But first, the
scoreboard:
Dow: -84.80
And now, the
top stories:
As noted above, today was really hyped up all
weekend after John Boehner said that he hoped to have a plan by the
time Japan opened up. It evoked
weekends circa 2008, when it was a big deal to have some kind of new
bailout before the Japan open
Well, they never got a deal over the weekend,
and Japan didn't seem
to care
Perhaps the bigger story was actually in Europe,
where all the old contagion trades are back. Italy was really
surprisingly ugly again
There was no big corporate news. Netflix earnings are after the ball, so that should
get some interest.
On the debt ceiling front, Harry Reid came out
with his plan that excludes tax hikes, but mainly finds savings via war. For the full rundown of what happened
today debt-ceiling wise, see here .
Geithner
gave Fed official waiver on AIG holdings Reuters
Stocks
Lag Amid Debt Talk Worries; Gold Soars CNBC.com
The
Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends
The American Dream
Greek
default almost certain, warns Moody’s Bloomberg
25
Reasons To Absolutely Despise Bankers And Their Minions Video Rebel’s Blog
#1) Bankers,
according to the London Times, launder about 400 billion dollars a year or more
in illegal weapons sales. The next time you hear of an African war lord killing
families so he can kidnap young boys to become child soldiers and young girls
to become child sex slaves, please remember that this could not have happened
without the active assistance and cooperation of the bankers and the
politicians they own.
#2) Bankers
told American businessmen that entering World War I would make the Great War
last longer which would be good for the United States because it would bankrupt
England, France and Germany. Calvin Coolidge on Veterans Day in 1928 said
America had lost only 30,000 soldiers during the war but another 100,000 since
the war ended. Those men had died of their wounds after the Armistice was
signed. Everyone who died after 1915 in WW I died for bankers and Israel.
#3) Bankers
have been laundering drug money at least since the Opium wars. Currently
bankers launder a trillion dollars a year in drug money. That these illegal
drugs are killing millions of people and destroying cities one family and one
neighborhood at a time is of no concern to them.
#4) Gordon
Duff of Veterans Today tells us that the Global Hawk which is a pilotless drone
version of the U2 Spy plane is frequently used to carry 3,000 pound payloads of
opium paste out of Baluchistan Pakistan. This lucrative opium trade is one
reason why Afghanistan in America’s longest war. America has killed millions of
innocent civilians for nothing. America will one day have to pay that debt.
#5) On
9-10-2001 Donald Rumsfeld told us that he could not trace 2.3 trillion dollars
in Pentagon spending. On 9-11-2001 four planes were electronically hijacked
which together with pre-planted explosives killed 3,000 Americans that day and
many more since in needless wars. 189 people died at the Pentagon. Most of
these were auditors trying to find the missing trillions the bankers and their
friends stole. American taxpayers are treated as indentured servants by the
bankers. We are not allowed to audit the books and demand the return of the
stolen money. Trillions more have gone missing since Rumsfeld promised on 911 to
do a better job tracking down that money.
#6) On March
22nd 2000 Susan Gaffney, the Housing and Urban Development Inspector General,
testified before the House Governmental Affairs Committee detailing the 59.6
billion dollars that went missing from HUD during the previous two years. When
asked if she did anything to recover the missing money she said No. If we were
equal to a banker, we would have demanded audits. Years earlier Catherine
Austin Fitts was at HUD under Bush I. She found one block in San Diego that had
20 million dollars in HUD guaranteed loans for buildings that never ever
existed. All of these loans defaulted and were paid for by taxpayers who do not
have the right to audit the books.
#7) Max Keiser
and Stacy Herbert are both American financial experts who now report on gross
banking fraud from their base in Paris. They have made several trips to Dubai
and have told us what multiple bankers told them. American contractors
returning home from Iraq and Afghanistan have deposited suitcases full of money
in Dubai banks. If we did not have a government owned and operated by the
bankers, would any of this be possible?
#8 ) Bankers
financed the Soviet Revolution which allowed their Communist minions to kill
over 60,000,000 real human beings. They deliberately starved 10,000,000 to
death in the Ukraine.
#9) The UN
estimates that worldwide the slave trade traffics 250,000 mostly women and
children a year. Many young children are killed for snuff films by Russian
Jewish mobs. None of this could happen without the active participation and
cooperation of bankers and the governments they own in the United States,
England, Israel, Belgium, France, Portugal and elsewhere around the globe.
#10) Several
years ago documents revealed that the African slave trade was financed through
front men like Aaron Lopez . The African slave trade resulted in the deaths of
millions of human beings en route to North and South America. No estimate has
been made of the numbers killed by the wars over 3 and one half centuries engendered
by the desire to capture their fellow Africans to be sold to the bankers and
their minions. The slave trade would not have been possible without the active
participation and cooperation of the bankers and their governments. Did I
neglect to mention the other end of the African slave trade? Every school book
cites the trade of rum made in Newport Rhode Island by the 21 Jewish distillers
for the slaves of Africa. What they do leave out is the fact that those
distillers also sold rum to Indians who routinely massacred white settlers
while in drunken rages. Then the settlers would take revenge so all sides
except for the distillers and the bankers lost in this trade.
#11) Asia
Times told us that the big international banks launder 500 billion dollars a
year in bribes for politicians. This does not include campaign contributions
and cash payments. Remember the congressman in 2008 who said he had two types
of calls from his constituents about the proposed Banker Bailout. He said some
said No and the rest said Hell No. Yet the Bailout was passed by both Houses
and approved by both Presidential candidates. Now you know why the Congress,
the news media and the President do not listen to you and do not care what
happens to you and your friends and your family.
#12) Bernie
Sanders revealed the Federal Reserve Bank created 16 trillion dollars in loans
over the past couple of years. Many of these loans went overseas. But many of
these sweetheart loans made at negative real interest rates (i.e. below the
rate of inflation) were made to news organizations like NBC-MSNBC-Comcast. This
company is owned by a defense contractor and two Zionist business partners.
MSNBC, which is supposedly the most liberal news source in America, has been
firing and disciplining liberal anti-war newscasters and hosts. This would be
surprising to the casual observer if he or she was not aware of the loans made
by the privately owned Federal Reserve bank.
#13) Back to
that 16 trillion dollar money bomb dropped on the people of the world by the Federal
Reserve. Bankers were bundling up home mortgages into bonds and used MERS
(Mortgage Electronic Registration System) to register their deeds. The bankers
allowed their minions to sell one home mortgage into five different bonds in
effect selling five different people a legal claim to your house. These bonds
were worthless. The ratings agencies Standard and Poor, Fitch and Moodys gave
these bonds triple A ratings in exchange for hefty fees. The banks did not do
due diligence before selling them to banks overseas. They knew the loans were
bad because they bought insurance (Credit Default Swaps) to cash in on the
inevitable losses. More than 6 trillion dollars was paid by the FED to overseas
banks. Why? Because they wanted to keep New York bankers out of jail. You see
those bonds had to go into default and the bankers knew that. A bondholder
whose underlying mortgage went bad would not ask for the return of his money.
But if the mortgages were good, five different companies would come to collect
from one homeowner and the courts might actually have to send bankers to jail.
All the inflation you will see over the next few years will be due to the
active participation of the Federal Reserve in financial fraud. Obviously those
bankers in New York owe Zero Mostel and the writers of the movie script for the
Producers a sizable bonus.
#14) Do you
remember the Presidential election of 2000? I knew Bush would become President
years before. But I remember telling my friends that it was obvious to me that
the Federal Reserve Board was spiking the election in Bush’s favor so we could
go to war. My reasoning was thus: the FED was raising interest rates and
tightening credit so the stock market would go down before election day. If the
market declines in an election year, the incumbents lose seats in both Houses
of Congress and a couple million votes in the Presidential race. Alan Greenspan
made George W Bush President of the United States allowing Bush to invade Iraq
and Afghanistan for Israel. Can I prove Greenspan knew in advance 911 would
happen? One of the Rockefellers told Aaron Russo 911 was coming years in
advance. What Greenspan knew about 911 and when he knew it, we will not know
until we have war crimes trials.
#15) Let’s
revisit the North American Free Trade Act (NAFTA) of 1994. Since that date,
America has lost 50,000 manufacturing plants. America has a little over 3,000
counties with an average population of 100,000. If you divide 4,000 into
50,000, you get an average loss of 13 to 14 manufacturing plants closing and
going overseas per county. This has destroyed local tax bases, government
revenues and jobs resulting in millions of unemployed and millions of
foreclosed homes. Instead of testifying before the Congress and telling the
nation what would happen Greenspan covered it up by printing lots of money.
There was no price inflation, because traditionally a manufacturing based
economy has to bid workers and raw materials away from competitors. Not so
since NAFTA. We had no manufacturing base left to create price inflation. All
the monetary inflation went into the stock market. Greenspan crashed the stock
markets to end the dot com bubble and elect the warmonger Bush. After the dot
com bubble went pop, Greenspan ignited the Housing Bubble. Why do we have a
Bubble economy? The Bankers and their minions sent all the jobs overseas so the
only way to make money in America today is through the Subsidized Bubble
Machine known as the Federal Reserve and the Federal government. Citizens are
required to buy insurance under penalty of law. But the insurance companies who
wrote the Obamacare bill are not required to treat you when you get sick. This
is a subsidized medical system which when the Bubble pops will send wages down,
down down for nurses, doctors, pharmacists, EMTs and others in the health care
field. Local schools and police were in the subsidized Bubble economy but the
implosion of the tax base is forcing layoffs in many cities and states.
Providence Rhode Island gave pink slips to every teacher. Ashtabula county Ohio
(population 102,000) laid off all of the Sheriff deputies save those working in
foreclosures for the courts. This means they have one deputy per shift for the
entire county. A local judge told the residents to buy a gun. We have reached
the point where the only Bubbles left are war and other subsidized government
endeavors. The next sucking sound you hear will be civil service and healthcare
jobs evaporating. This will send the unemployment rate above 30% from its
current 22%. By definition and by law, Bubbles cannot give the illusion of
productive employment and real wealth without the participation and cooperation
of the bankers and the politicians they own.
#17) Martin Luther King was killed on April 4th,
1968. He was killed on the first anniversary of his famous anti-war speech at
Riverside church in New York City. King planned to have a Summer of Ant- War
protest in Washington D.C. He was going to use passive resistance and civil
disobedience to stop the Vietnam War. The Bankers, the Zionists and the
Imperialists could not allow King to win so they killed him. The message to the
American people was that you are peasants, we are the feudal lords and you
cannot refuse to die in our wars. You do not have the right to say No. Robert
Fitzgerald Kennedy and his nephew JFK Jr. were also killed by the same people
though for different reasons.
#18) Dr Alan Sabrosky is a former Director of Studies
at the US Army War College. Dr Steve Pieczenik was deputy Secretary of State
for three Presidents. They are both of Jewish descent. They both say 911 was an
inside job and that Israel did it with the help of traitors inside the US
government. Sabrosky has been telling his former colleagues at the Army War
College that Israel did 911. Do you for one minute believe that Israel could
have done 911 and gotten away with it without the active participation and
cooperation of Jewish Americans on Wall Street and in the government and news
media?
#19) When you go into a bank for a $10,000 loan, the
bank is not lending you Mrs Jonses’ life savings. What the bank is doing is
creating a $10,000 deposit in your checking account. There a few points of interest
in this transaction. The banker only created enough money for you to pay the
principal and not the interest on the loan. The interest on the debt can only
be paid if the banker loans more money out and increases the total money supply
so there is money to make the payments. This is called monetary inflation and
usually leads to price inflation. Another point of interest is that the banker
gets all of the benefit of making the loan and you, even if you are not part of
this transaction, pay for it. How so, you ask? Because your purchasing power
was diminished every time the banker made a loan. Years ago I remember reading
a study of the loss of savings due to banker induced inflation. It was twice as
great as the value of all Social Security payments received by the elderly. Bot
a good deal for anyone involved except bankers who now want to cancel Social
Security benefits but not the taxes you pay in so we can afford to continue to
pay the Banker Bailouts.
#20) The federal government under Presidents Kennedy
and Lincoln issued non-interest bearing currencies. They saw no reason why the
Treasury should not just issue a currency. They did not want to allow the
bankers to create money (i.e. Federal Reserve Notes) they would trade for
Treasury bonds which would require the taxpayers to pay interest on ever
increasing national debts. Eventually, we would create what I have called a
Debt Bomb of Unpayable Debts. The burden of those interest payments becomes
unbearable and we all go in to bankruptcy at which point the bankers buy
everything from us for pennies on the dollar in foreclosure sales with money
they stole from us. Then we and our descendants are permanently reduced to the
status of a landless serf. There is no reason for a national debt other than to
transfer wealth from us to the bankers.
#21) Since there is no reason for a national debt,
there is no reason for Austerity Cuts so wages and benefits to be matched by
taxes on the working and middle classes. The only reason for the European banks
to bailout Greece is so that the banks can keep the Ponzi scheme going long
enough to trade their Greek debts for euro bonds which they can sell and use to
buy gold, silver and oil. All of our sacrifices are for nothing and only
increase their ill gotten gain.
#22) Harry Markopolos took in more than 300 pages of
documented evidence to the SEC to prove to them that Bernie Madoff was stealing
tens of billions of dollars from his mostly Jewish clients. The case was not
hard to prove. Catherine Austin Fitts said the SEC had to do was to match
Madoff’s bank transactions up with his brokerage accounts. So if he was moving
lots of money around in his bank accounts but not buying stocks, then he was an
obvious fraud who needed to be arrested in time for the Evening News. This is
not the end of the story. Markopolos told us that a much greater fraud was
waiting in the wings called Credit Default Swaps (CDS) which he valued at a
potential loss of 600 trillion dollars. This is ten times the total output of
the world’s goods and services. Yet to date neither the House nor the Senate
nor the Obama nor Bush Departments of Justice and SEC have seen fit to ask Mr
Markopolos to come and give evidence. Why? Because all politicians are
frightened little cowards.
#23) CDS were invented by a Jewish girl from England
named Blythe Masters. She is the VP for Global Commodities at JP Morgan. Her
boss is Jamie Dimon who is also Jewish. In 1999 Brooksley Born was Chairwoman
of the CFTC and attempted to regulate CDS which are a hybrid between insurance
and a derivative which is a bet on the future value of a bond or a commodity.
Four Jewish men (Robert Rubin, Larry Summers, Alan Greenspan and Arthur Levitt)
told her that she was not allowed to regulate CDS. That would spoil their fun.
If you remember, I previously mentioned that the purchase of a CDS enabled the
banks to sell bonds they knew to be worthless. It is illegal to do this. The
purchase of a CDS gave the ratings agencies cover to give AAA ratings to zero
value, fraudulently induced, no recourse bonds. Now remember the bailout of
AIG. The banks knew AIG could not cover the losses they knowingly passed on
when they bought CDS, because they both created the moral hazard of less than
junk grade bonds and insured against it. They then went to their kept whores in
the Congress and had them pass legislation that Bush, Obama and McCain approved
of to cover AIG’s losses. It must be so much fun to be a banker, to steal a
nation’s wealth, to start wars, to kill millions of people around the world and
to make up assassination lists of honest politicians.
#24) Jim Willie has a PhD in Statistics. He is so
despised by the bankers that he, Bob Chapman and a few others can no longer
safely live in the United States. He told Max Keiser that in the 1990s the US
Treasury Department sold 2.2 trillion dollars more in Treasury bonds than were
needed to fund the federal deficit. Remember that this was a deficit already
swollen by missing trillions from HUD, Defense and other agencies. Did I tell
you that Indira Singh who worked as a high level computer consultant for the
Big Three New York banks until 911 said the bankers were even stealing from
Social Security. They would enter say a million non-existent recipients into
the computers, give them monthly checks. Those frauds were not part of the 2.2
trillion the bankers put directly into their pockets from the sale of bonds.
Nor does it count those gold bars at Fort Knox which were sold and replaced
with gold plated tungsten. Nor does it include the gold bars the bankers leased
from the government and sols as if the gold were theirs.
#25) Do you remember the newscasters during the
recent Egyptian uprising saying that they lived on two dollars day in Egypt?
The reason for their poverty was that the bankers used the IMF and World Bank
to stop the Egyptians from developing agriculture so they could raise their
standard of living and they could say No to bankers. The banks have forced
Africans to accept Genetically Modified Organisms knowing that they emit
pesticides into your blood and also increase your risk of cancer and sterility.
They also force poor nations like Bolivia to privatize their water resources.
When the bankers did this in Africa, people died of cholera. The bankers grind
every last dollar out of the poor before they kill them. They are taking all
those trillions of dollars from the Bailouts and buying commodities and sending
the price of food and energy higher. In fact prices in a year will be so high
that people who used to have jobs will no longer have enough to pay their bills
and buy food. Those already poor will simply just fie from starvation, or in
riots and revolutions. Maybe the bankers will be kind to the poor and release a
plague that will kill a billion or two billion people.
Finally, I must tell you why I despise bankers. It
might be one of the reasons why all decent and intelligent people everywhere
should hate them. They serve no useful purpose. They have no redeeming
qualities. They steal our money. They lie to us. They impoverish nations They
ridicule our traditions and our way of life. They casually destroy countries.
They destroyed my country America. America was on the road to ruin before I was
born. The bankers are not real human beings. No real man or woman would look
for honest, intelligent men and women who are well respected and then run to a
phone to have them put on a Death List. When the dollar collapses, the bankers
will go down their lists of honest and intelligent and courageous men and women
killing them until we say No More.
Have I convinced you that bankers are pond scum? As
the gladiators used to say in the Roman Coliseum, we are who about to die
salute you. Get your affairs in order. If there is anything you wanted to do,
do it now. My earlier prediction that Benyamin Netanyahu’s plan to launch World
War III in September by attacking Iran in order to prevent a UN vote on
Palestinian statehood might be wrong. But my intuition still says No war now.
Of course I am sticking by my earlier prediction that silver will skyrocket in
price soon. I was writing a series of articles entitled Go Beyond Left and
Right to an Anti-Banker Party. I was diverted though this essay should have
been entitled Part III. I have decided to call the next entry Part IV.’
National / World
Super Congress Will KILL Real Congress TheAlexJonesChannel
Norway Killings Prompt Crackdown On Brits Opposed to
Immigration Kurt Nimmo
Norway Killer Warns Of “Two More Cells” Preparing Attacks
Steve Watson
Police Knew Gunman’s Name Before Arrest Paul Joseph Watson
Sustainability In All Things Except Rational Thinking Sartre
Libya
says NATO killed 7 At Hospital, bombed food stocks AFP
No
permanent U.S. bases in Afghanistan: U.S. ambassador Reuters
Obama: Doing Things On My Own Is Very Tempting CNN
Police Knew Gunman’s Name Before Arrest Paul Joseph Watson
Norwegian ‘MI5′ Had Massacre Suspect On List Sky News
Norway Killings Prompt Crackdown On Brits Opposed to
Immigration Kurt Nimmo
Norway Killer Warns Of “Two More Cells” Preparing Attacks
Steve Watson
Norway Shooting Suspect Anders Breivik: Attacks Were
‘Price of Their Treason’ ABC
News
‘Neo-Nazi, masonic-lodge mindset – Norway’s new brand of
terror’ RT
U.S. money ended up in Taliban hands: report AFP
Anders Behring Breivik: Manufacturing a Patsy? Paul Joseph Watson
‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA INC. -
BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
A
corporate quandary: Who to bribe? U.S. companies doing deals abroad have a
problem: One guy’s bribe is another’s cost of doing business. (Washington Post) [ Deals abroad? Come on! Wake up! One way or
another, domestic or foreign, in one form or another, bribes are being paid as
standard operating procedure, modus operandi, in, to, and by pervasively
corrupt, defacto bankrupt america and assigns. That’s just the way it is, however
unfortunate; and, in circumstances when you’d least expect it. . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500. Will the phase II be as bad as
the 2008 crisis? The last crisis was confined to the private sector, i.e.
financial institutions. The next one will be involve the threatened default of
entire countries. The last time, the central banks bailed out the financial firms
and even Warren Buffett bailed out several firms. Who is big enough to bail out
entire countries? Or will the term of “too big to fail” turn to “too big to
bail?”
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very volatile this year, but also
range bound. A picture speaks a thousand words so all one needs to do is
view the chart below of the S&P 500 Index to understand just how volatile
and range bound things have been. Specifically, since February 20, 2007,
only nine and one half months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%, and now up 7.73% – through 12/10/07
– so far in this latest up leg! All this in ONLY nine and one half
months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is
repeating itself so far in 2011, which has been fraught with ups and downs in
both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended
positivity and the momentum carried into the first two months of 2011 however
the end of February began a series of events that led market returns on a
whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What news was
associated with this volatility? All the usual; crude oil prices, natural
disasters, corporate earnings, politics, economic forecast revisions for both
developed and emerging markets, the European debt situation, the United States
debt situation and more to name just a few.
One thing is
for certain; the current volatile, range bound market activity is difficult at
best to profit from. In this investing environment patience is the most
important attribute. I will be patient and will be careful until the
trends are preferable.
Our strategy
at Hanlon Investment Management is to attempt to minimize downside risk by
exiting risk asset classes, such as equities, during periods of uncertainty,
getting invested in more conservative asset classes, such as money markets and
short-term bonds, and re-entering into risky asset classes when we identify
them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
Though having but 5% of the world’s population, the u.s. has 76%
of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Unemployment
up in 28 states in June The rate for the District surpassed the national
rate, up to 10.4 percent (Washington Post) [ Well there you go say the
bernanken wobomanoids! Great news in that there’s no reported change in 22
other states (yet). Yeah! Happy days are here again! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Huge suckers’ rally to keep the suckers suckered in this market
based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's
Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable
prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at
11,357 levels at the beginning of the year 2000. More than a decade later (as
of beginning July 2011), the index is at 12582. Therefore, the index has gained
11% in the last ten years…’ Yet, the inflationary dollar (declining) debasement
rate was 31%. (-31%) {See the inflation calculator immediately above the
current date on this page – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.] Check out this inflation
calculator: http://www.albertpeia.com/inflationcalculator.htm
Greek
contagion quarantined New crisis measures may finally keep Greece’s
problems from spreading across the continent. (Washington Post) [ Riiiiight!
Quarantined … as in confined to that limited spot … now called the entire
planet earth! Spreading across? How ‘bout now totally intertwined with, and
then some … of the other 6 continents. Come on! Wake up! Moreover, the big
fear, viz., default, has finally been realized; yet, despite all the prior
handwringing over just that, we’re now all told to buy into the ‘good money
after bad’ formulae that served the frauds on wall street, only, so fabulously
in the last and continuing financial / economic debacle / crisis. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA
INC. - BALANCE SHEET …’ Huge suckers’ rally to
keep the suckers suckered in this market based upon backward looking data
discounted multiple times to the upside (including the apple numbers as
recently as last week on ‘leaked’ expectations of ‘better than expected’,
etc.), taxpayer funded QE results, and b***s*** alone. This is an especially
great opportunity to sell / take profits since there’s much, much worse to
come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms. Check out
this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm ] Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet
again.Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy,
Portugal, Spain and a host of other countries are having chest pains. Iceland
is feeling better now with its freshly transplanted heart. The American home
owner is still in the hospital from his financial heart attack after gobbling
up vast quantities of real estate, and it has been many decades since Uncle Sam
last could see his toes. By most
accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’
Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’
(for b***s***) apologist in chief, Mr. Milbank. He’s so egalitarian; surprising
all by his colloquial reference to whom one might otherwise consider to be his
political polar opposite, and even political nemesis in the persona of Ronald
Reagan, so tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr.
Milbank posits the inspiration, ‘heart and soul’, of ‘the new democratic
party’. What total b***s***! How about everyone, including Mr. Milbank,
realizing the dire predicament facing the nation owing to a now familiar
political strategy of ‘kicking the can’ down the road a piece till the problem
(insolvency of the nation) has as now become insurmountable and hence,
unsolvable. That’s where we’re at now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman America is insolvent and has been so for a long
time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT USA INC. -
BALANCE SHEET …’ IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its inevitable
cheap financing can allow companies to start cobbling each other up. Further
Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares
with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Is
America The Next Greece? at Forbes Marc Schindler ‘After
many years of overeating (overspending) Greece is in the emergency room with a
major financial heart attack and America isn’t far behind.The doctors (IMF,
European finance ministers, the ECB, etc.) are running around trying to save
it. Open heart surgery (loans guaranteed by others) has averted the immediate
crisis, but Greece is just as overweight today as it was before the crisis.
Attempts to lose weight through exercise (austerity measures) cause serious
chest pains (riots). The doctors don’t want to admit it, but all signs point to
a heart transplant (default) as the only way to get Greece onto its feet
again.Greece isn’t the only one. It is a veritable epidemic. Ireland, Italy,
Portugal, Spain and a host of other countries are having chest pains. Iceland
is feeling better now with its freshly transplanted heart. The American home
owner is still in the hospital from his financial heart attack after gobbling
up vast quantities of real estate, and it has been many decades since Uncle Sam
last could see his toes. By most
accounts (e.g. here
or Bill
Gross ‘ statements in a recent interview) total hidden government
liabilities add up to about $60-$100 trillion. That is on top of the $14
trillion of debt carried on the balance sheet. Adding up those liabilities, the
US owes at least five times GDP, which currently sits at about $15 trillion.
For comparison, Greece’s debt is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but also
the extent to which economic outcomes have consistently fallen short of their
expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
I must say I’m a little disappointed in
Mr. Petruno. Acts? As in what they do in Hollywood? Maybe. But let’s not be
naďve. [ Parenthetically, it should be noted that the LA Times is a dying,
failed newspaper / publisher. ]
Greek
contagion quarantined (Washington Post)[Riiiiight!Quarantined-as in confined
to that limited spot-now called the entire planet earth!Spreading across?How
‘bout now totally intertwined with,and then some,of the other 6 continents.Come
on!Wake up!Moreover,the big fear,viz.,default, has finally been realized; yet,
despite all the prior handwringing over just that, we’re now all told to buy
into the ‘good money after bad’ formulae that served the frauds on wall street,
only, so fabulously in the last and continuing financial/economic
debacle/crisis.Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Forbes
Deficits
And Stimulus Only Delay The Inevitable Collapse Chapman America is insolvent US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities .. US is actually in worse financial
shape than Greece,etc.Pimco’s Gross told CNBC.Maierhofer:‘USA INCOME STATEMENT USA BALANCE SHEET ’ Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10
Among the songs I have chord charts for (courtesy of my guitar instructor), I
know the words to the song. I’m all for peace because it’s rational. ‘No
possessions’, John Lennon didn’t give up one. He even was pro-Reagan politically.
Have you taken a really close look at this world today and what man’s created,
‘mr. and mrs. pro-science and reason’. You obviously take delight in speaking
about a subject far beyond your own capacity to truly understand; and then your
non-sequitor, unprovable conclusions. Quite simply, the authors of this article
are pathetic and merely seem to be looking desperately for an audience; a niche
where really profound truth gives way as does form over substance. Once again,
you are pathetic!
Why Apple,
Google And EBay Will Slash And Burn Investors
200-Day MA Sell Signals - Should You Ignore these Death Crosses?
[$$] Time to Pluck Apple?
Top 3 Reasons Markets Were As Mixed Up as U.S. Budget
Negotitions Wall St.
Cheat Sheet
July 22, 2011,
On the
commodities front, Oil climbed to $99.67. Precious metals also gained, with
Gold up to $1,602.10 an ounce while Silver rose 3.06% to $40.14 an ounce…
Today’s
markets were mixed because:
1) No budget
deal . Democrats and Republicans, the House and the Senate, tax hikes vs.
spending cuts…the debate continues as we head into another weekend with no debt
deal. Yesterday the New York Times reported that we were close, but the White
House quickly denied it. There are three main proposals in Congress : the Senate’s “Gang of
Six” plan, which contains both large spending cuts and significant changes to
the tax code; the Obama-Boehner plan, a bit more conservative but still not
being embraced by the right; and the House’s “Cut, Cap and Balance” act that’s
already been rejected by the Senate today, the majority being angered by the
plan’s complete disregard of any tax reform whatsoever. It’s a game of chicken:
Republicans aren’t ceding any ground, expecting the Democrats to flinch first
as they barrel toward the August 2 deadline to raise the debt ceiling.
2) Greek
bailout plan. Yesterday, European leaders held yet another summit to discuss
plans for Greece’s bailout. But this time they came up with a plan of action.
While the plan would allow for Greece to technically go into default, it seemed
the best option for preventing the spread of Greece’s debt problems and for
helping the Greece’s economy to recover. At issue for some time now has been
the level of private sector involvement in the bailout. It was ultimately
decided that as much as 50 billion euros would be raised by private sector
buyers of Greek bonds. The Greece
news boosted global markets and the euro , but wasn’t enough to keep
American markets up as we continue to face our own debt crisis.
3) Tech
sector. The tech-heavy Nasdaq was the only major index to show significant
gains today, with chip makers Sandisk (SDSK) and Advanced Micro Devices leading
the semiconductor sector after reporting better-than-expected
second-quarter earnings and raising their full-year revenue forecasts. Sandisk
closed up 9.62% and AMD closed up 19.23%. Other tech firms rode the wave,
including Micron , Microchip Technology , and Seagate , all gaining over 3%…’
DOW
FALLS, NASDAQ UP AMID THREAT OF IMPENDING DOOM: Here's What You Need To Know
Business Insider Joe Weisenthal, July 22,
2011, A totally unbelievable end of the week filled with euphoria,
tragedy, and a sense of impending doom.
But first, the
scoreboard:
Dow: -46.47
And now, the
top stories:
We'll break it down by themes. Obviously the day
started with yesterday's huge European bailout announcement. You can read all about it here , but the establishment
of a more fiscally cohesive an flexible European bailout mechanism was initially
treated with huge euphoria. However by the end of the European day that
faded quite a bit .
The day also saw
incredible tragedy in Norway First a bomb struck a
government area in Norway, and then a couple of hours later, a gunman
attacked a youth camp on an island owned by the ruling labor party,
killing 9 or 10. The details and motivations remain quite scarce, but it's
a national tragedy -- one of the worst days in Norwegian history without a
doubt.
Bottom line: The market is still figuring that
things will come together on the debt ceiling front next week and that it
won't all go blamo. It's perhaps a dicey proposition ahead of a weekend
where many people are leaving Washington.
Indebted EU
states can model Iceland Press TV
Banks
Pay Back TARP Funds by… Borrowing From Treasury Yahoo Finance
Oil Prices Rise Reuters
500
Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy Charles Hugh Smith
Austerity
and Deficit Hawks Say, “Let Them Eat Cake,” The People Will Say, “Off With
Their Heads” AmpedStatus Report
The Fatal
Flaw In Europe’s Second “Bazooka” Bailout: 82 Million Soon To Be Very Angry
Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of German GDP Tyler Durden
A Thousand
Pictures Is Worth One Word BIG GOLD
Regulators
shut 2 banks in Florida, 1 in Colorado (AP)
Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Gallery:
Key players shaping economic policy (Washington Post) [ Is this some kind of a
joke? Key players? If this were a game, those ‘key players’ would certainly be
on the other side / team. I mean, come on! Look at their results! Nothing short
of disasterous. And, in case you hadn’t noticed, ‘this is no game’. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
National / World
Oslo Bombing Tied To CIA-Linked Terrorist Kurt Nimmo
Oslo Terror: Whose Agenda Does It Serve? Paul Joseph Watson
Oslo Bombing: Is CIA Contact Krekar to Blame? Kurt Nimmo
Government Is To Blame For Blackouts Alex Jones & Paul Joseph Watson
Feds Profiling Whites, Middle Class Americans As
Terrorists Paul Joseph
Watson
Wall
Street Likes Obama 11.8 Million Times More Than Previously Believed at Minyanville ‘Considering Wall Street's well-documented
distaste for President Obama's economic policies, it might be logical to assume
the lion's share of the donations to his re-election campaign recently have
come from elsewhere.a new analysis by the Center for Responsive Politics has
found that "individuals who work in the finance, insurance and real estate
The
Center has identified 80 bundlers -- out of 244 whose names were released by the Obama campaign last week
-- who are part of the financial sector. Forty-four specifically work for the
securities and investment industry.Goldman
Sachs
·
Mark and
Nancy Gilbert, of Barclays, who worked together to raise money as a couple
·
Blair Effron,
of Centerview Partners
·
Kirk Rudy, of
Endeavor Real Estate
·
Orin Kramer,
of Boston Provident
·
John Emerson,
of Capital Group Companies
data Business
America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial
fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Pentagon
Warning Order: ‘Prepare for War’ (By September?) Mac Slavo
‘US
might redeploy Bahrain fleet’ following popular revolution Press TV
U.S. Warplanes Attack
Iraq City Aswat al-Iraq
Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET …’ Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
New
Greek rescue plan approved Stronger countries’ creditworthiness is
effectively pledged to help ailing banks or euro-zone governments. (Washington Post) [ Wow! ‘Talk about good
money after bad and going down with the ship!’ Well, they are ‘captains /
pilots’ so to speak and ain’t that what they supposed to do? Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘USA INC.
- INCOME STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. …USA INC. - BALANCE SHEET …’ Standing on the precipice – and ready to jump July 21st, 2011 News By Wolfgang Münchau
( Financial Times) — ‘It looks like there will be deal on a eurozone package
for Greece. The full details are still missing, but it appears that the
eurozone is forcing Greece into a selective default. As part of such a package,
short-term Greek debt will be more or less forcibly converted into long-term
debt. The wretched bank tax is mercifully off the table. And the European
financial stability facility will most likely be allowed to purchase Greek debt
at a discount. LET US NOT MINCE WORDS HERE . THIS WOULD BE A DEFAULT, THE FIRST BY A WESTERN
INDUSTRIALISED COUNTRY IN A GENERATION I am not quite sure
how it is possible for the European Central Bank to agree to this, or to all of
this. But I will surely be intrigued to hear how Jean-Claude Trichet will
manage to be consistent with what he said a few days ago. There are also
reports that the eurozone leaders may accept a more flexible EFSF beyond those
bond purchases.’
Will:
Obama is the debt problem (Washington Post) [ If ‘wobama the b’ (for
b***s***) was only the debt problem, there’d be some hope. But alas, Mr. Perma
War, Mr. No Pros Wall Street, Mr. Teleprompter, and more all rolled into one,
it’s difficult now to see where one wobama-induced (by failing to heed his own
campaign promises upon which he was elected) problem ends and another begins.
Indeed, an amorphous amalgamation of problematic scenarios that defy, based on
his/their own own lack of perspective/knowledge, their ability to identify the
problems much less solve them. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book ‘Goombata:
The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Why Apple,
Google And EBay Will Slash And Burn Investors
[$$] Time to Pluck Apple?
The
following is my comment to an LA Times article regarding a Justice Department
cover-up! As for your inquiry, all I think about day and night is a long
overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan &
Conway LeBleu: Died February 28, 1993 by gunfire at
Waco. All four were examined by a pathologist and died from identical wounds to
the left temple. All four had been body guards for Bill Clinton, three while
campaigning for President and when he was Governor of Arkansas.They also were
the ONLY 4 BATF agents killed at Waco. ]
Here’s some real,
complicit cover-up / fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar)
The document in 5 pages
under penalty of perjury I was asked to forward to the FBI office in New Haven
is probably the best and most concise summary of the case RICO Summary to
FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received
from the Congresswoman by way of email attachment (apparent but typical problem
with my mail) along with my response thereto is included on the 3 disks
as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information including
evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see
infra). Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page
1
Page 2
] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part
- http://www.albertpeia.com/crossexamofcoanbypeia.pdf
] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In
addition to being inept [ I looked in on the one mob case he had brought,
bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam
and a total joke since incompetent corrupt Alito brought in all 20 mob
defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also
corrupt (and maybe corrupt because he is inept). After a reasonable (but
still rather short) time I called to determine the status and was told
that Alito was no longer with the Office of the U.S. Attorney, that he was
(appointed) a federal judge, and that neither the documents nor any file
or record of same could be located. Alito did parley the same / cover-up into
quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved
problems with the line, computer connection may be the reason but I hesitate to
chance greater non-performance / worsening by their ‘fix’ so cell phone best
for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME
STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely
and Regards,
Al
Peia
U.S.
debt news and euro debt agreement fuel rally
Top 3 Reasons Markets Were Up on Hopes for Greece Resolution
Meanwhile, back at the
fraud-farm, ‘your pain their gain’: Morgan
Stanley's trading revenue up; stock soars
John
Bogle Didn't Have All The Data at
Forbes
Dutch exposure to Greece and the other PIIGS countries: it
is time to end the bailout madness. | Ernst's Blog
Personal
Consumption Rate Of Growth Down 77% In U.S. Since 2000 at Forbes
Top
3 Reasons Markets Were Up on Hopes for Greece Resolution Wall St. Cheat Sheet
Stock
ETFs Bleed $1.6 Billion; Large Inflows Seen In Small Cap Fund at Barrons.com
Banks
Pay Back TARP Funds by… Borrowing From Treasury Yahoo Finance
Oil Prices Rise Reuters
Audit:
Fed gave $16 trillion in emergency loans Stephen C. Webster
S&P
Says Likelihood US Is Downgraded To AA As Soon As Early August Is 50-50 Zero Hedge
Fed
Preparing For US Default Says Plosser Tyler Durden
Financial
Terrorism Analysis: How Global Bankers Plunder Nations – Lessons from Greece
Global Research
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Maierhofer: ‘…USA Inc. - Balance
Sheet
Existing
home sales slip Sales of existing homes took a slight dip in June while
prices stabilized. (Washington Post) [ See! Who said that not every storm cloud
has a silver lining as ‘the botched paperwork’ debacle ‘delays judgment day’
while giving those purported new homes sales a chance by drying up some
inventory, though but an ephemeral ‘breather’ at best if at all in factual
reality. Why The Dow Will Plunge To 7,000 24/7 Wall St. June 28, 2011 ‘…Housing expert Robert Shiller says home prices could drop
another 10% this year. The ripple effect from a rise in underwater mortgages
will affect everything from bank earnings to consumer credit to consumer
spending. The real estate problem is a drag on the economy and it is one that
will get worse …’ New-home
construction surges in June (Washington Post) [ Riiiiight! One of those
‘all dressed up and no where to go’ pre-election year stats. Given the back-log
in foreclosures, distressed, ‘underwater’ properties, they might literally have
to give them away, fire-sales not excluded. I’d also put these stats (if even
true – I don’t believe anything they say / report, particularly in light of
their desperation, pre-election year, etc.) in the category of: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious “adjustment”
as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Stocks
had best day of 2011 They were boosted by a potential breakthrough on debt
and upbeat corporate earnings reports. (Washington Post) [ Take this run-up as
a gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’! Nothing
has been solved; maybe forestalled. The ubiquitous problems make the notion of
a ‘Gordian Knot’ a mere tinker toy in comparison. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! Why Apple, Google And EBay Will Slash And Burn
Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] http://www.albertpeia.com/inflationcalculator.htm
A
‘make or break’ time for Greece, E.U. Brussels summit aims to secure
financing for Greece, build confidence that larger economies will be helped if
necessary. Washington Post) [ Come on! Let’s get real here!
There’ll be no climactic moment when in unison they’ll be ‘high-fivin’ for that
surreal ‘mission accomplished’ (NOT!)
moment made famous by war criminal and failed president dumbya bush. It’s not
their ‘style’; but even if it was, the view that a real and final solution was
actually at hand would be such obvious fantasy so as to court even further
credibility disaster down the road when reality once again rears its familiar
ugly (from their perspective) head. IMF:
Euro is under ‘a shadow’ (Washington Post) [ Wow! You can say that again!
Ok! I will: ‘Euro
is under a shadow’ . Yeah! It really
is … all that … bad for the euro, eu, europe; but, let’s not be xzenophobic
here; pervasively corrupt, defacto bankrupt america’s hand-in-hand / hands
across the water under the same shadow along with that over-printed abused
paper thing called the u.s. dollar. Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg bailout. 18
Signs That Global Financial Markets Smell Blood In The Water The Economic Collapse |
‘Can you smell it? There is blood in the water…’ The
Greater Depression Is Upon Us by David
Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase “Greater Depression” was coined by Doug Casey
a decade or so back as a way of describing the economic crisis he foresaw as
inevitable, and which is now materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly
pushing our analysts to revisit their assumptions and calculations, it is my
firm intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
The eurozone is growing increasingly desperate. .. The U.S. debt situation is far worse than anyone
in Washington is willing to admit. .. China’s miracle mirage. .. Japan is essentially offline. .. The
Middle East is in flames. ..
I’m convinced that nearly everything about today’s world is
going to change over the coming decade… much of it for the worse …’
National / World
Big
Sis Spy Story Goes Viral Paul
Joseph Watson
DHS Video Characterizes White Americans as Most Likely
Terrorists Paul Joseph
Watson
Moody’s
Now Threatening Downgrade on 5 U.S. States Wall Street Cheat Sheet
Anger
at government highest in 19 years: poll Raw Story
States
negotiating immunity for banks over foreclosures Reuters
DHS Video Characterizes White Americans as Most Likely
Terrorists Paul Joseph
Watson
Uproar As BBC Muzzles Climate Change Skeptics Daily Express
Big
Sis Spy Story Goes Viral Paul
Joseph Watson
‘Grand
bargain’ on debt is back on the table President Obama said he would accept
a short-term hike in the debt ceiling if it gave lawmakers time to finalize a comprehensive
deal. (Washington Post) [ New
debt strategy gains support in Senate
President Obama and lawmakers in both parties latch on to a new strategy
for reducing the federal debt, saying an emerging plan to save
$3.7 trillion over the next decade could help break the impasse.
Meanwhile, the House passes a separate balanced-budget bill. Debt
debate not increasing confidence in Congress Republicans
fear default, not Aug. 2 deadline Md.,
Va., warned of risk to credit rating Stocks
up as U.S. default worries ease (Washington Post) [ Well, there you go … if
they say it, feel it, and stocks are up because they say it, feel it … well, it
must be true … NOT! Come on! What’s been solved? $3.7 trillion over a decade,
if it happens (very doubtful), it will bearly cover the interest costs. This is
just typical pre-election year politics that not only solves nothing; but has
literally brought the nation to the precipice and now like lemmings, they leap!
Deficit
Ceiling and Stocks - Expect the Unexpected ETFguide July 19, 2011, ‘ A number of cliches
come to mind when talking about the U.S. debt situation. The most appropriate
might be: 'You can't have your cake and eat it too.' The least applicable is
probably: 'Never put off until tomorrow what you can do today.'
But if you think
the U.S. will default on some of its obligations anytime soon, you don't have
enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc.
- Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011 federal
budget is $3.7 trillion with a projected deficit of$1.6 trillion. But there's
no reason to despair, just before April 15,Congressional leaders were able to
agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate Majority
Leader Harry Reid hailed this heroic effort as a 'historic' level of cuts. To
quantify just how 'historic' that effort was we'll put it in percentage terms
-1%. The cut amounted to only 1% of the 2011 budget. Apparently it wasn't
enough. Thanks to extend and pretend we've arrived at the next deadline.
Stocks
Applaud ... and Decline
Keep in mind that
back in mid-April when the 'historic' $39 billion cut was hammered out, the
S&P was at about 1,300. Following the 'resolution' of the budget problem
stocks rallied about 5%.
The April 3 ETF
Profit Strategy Newsletter featured the chart below (due to size restrictions
the chart had to be reduced). As per the chart and accompanying analysis, the
Newsletter expected a rally to the next Fibonacci resistance at 1,369, followed
by a bounce off the Fibonacci support at either 1,229 or 1,255 and an attempt
to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was
based purely on technical analysis with no regard for the deficit problem or
European debt woes (we'll take a look at an updated technical forecast in a
moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259,
and tried to take out the previous high (the S&P rallied as high as 1,356
on July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The Deficit
and Stocks
When President
Obama took office in January 2009, the federal debt was 70% of GDP or $10
trillion. Today the deficit is close to 100% of GDP at $14.3 trillion. As
per a recent AP report, President Obama had to scroll down his demands and would
now be content with a $2.4 trillion debt ceiling increase to make it last
beyond the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the way,
is why the pre-election year of the Presidential election year cycles has seen
gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback of
the deficit situation is that there is no easy way out. The government has to
either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your poison.
Either choice will kill the economy. Of course, you can extend and pretend,
which is probably what will end up happening. No matter how much lip stick you
have at your disposal, a pig remains a pig. The deficit is a big (red) pig.
What is worse, a
$14.3 trillion deficit today, or a $16+ trillion deficit (according to Obama's
wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just go away,
it gets worse (ask Greece, Ireland, Portugal or any of the other PIIGS).
…
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
18
Signs That Global Financial Markets Smell Blood In The Water The Economic Collapse
‘…
#1 Banks stocks are absolutely getting hammered right
now. Bank of America hit a 52 week low on Monday. Bank
of America shares declined 4 percent to $9.61.#2 about 27 percent .#3 by 50 billion dollars .#4 are near two year lows .#5 fell 2.5 percent on Monday.#6 of Bank of America,
Citigroup and Wells Fargo .#7 considering staff cuts or
are already laying workers off.#8 on a knife’s edge “.#9 all the way to junk status .#10 over
35 percent .#11 by a whopping 6.4% on Monday.#12 the highest it has been since the euro was
adopted.#13 the highest it has been
since the euro was adopted.#14 fell by a staggering 7% on Monday and are
down a total of 22% so far this month.#15 there
is going to be a wave of sovereign defaults across Europe…. “Nothing stands
in the way of multiple sovereign defaults except the ECB: they are the only
game in town, there is nothing else” #16 16 percent of its workers#17 all remaining assets .
That means that 399 stores will be closed and 10,700 workers will lose their
jobs.#18 $1600 an ounce …’
SEC
rejects suggestion to settle case with CEO who wasn’t charged It was the first time the SEC had filed a
so-called clawback suit to wrest money from an executive who was not accused of
complicity in accounting fraud Mich.
man accused of insider trading (Washington Post) [ Boy! Talk about traveling
as far as possible ‘from the action’ for a case in the millions, when they
could literally set up shop on wall street for a panoply of securities fraud
cases in the trillions. It’s not only that so few people have faith in the
so-called pervasively corrupt, defacto bankrupt american system anymore; but
rather, it’s outlandish that the cogs in the broken american wheel even expect
that the public should have faith in the corrupt, broken american ‘system’.
After all, they truly spend more time and resources covering up and working
around what should be their focus; viz., the big cases which were / are truly
instrumental in the prior / ongoing financial meltdown / crisis which resulted
in huge profits / gains for the perpetrators. This is not to say they shouldn’t
bring the small cases; but, ignoring the big cases owing to typical corrupt,
venal motives is inexcusable. What a lost nation! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman .
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new jersey,
new york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Milbank:
Congress is now middle school ‘Anew Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. (Washington Post) [The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.). Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’? I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these principled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan
Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many ]
Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole new
york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Stocks
had best day of 2011 They were boosted by a potential breakthrough on debt
and upbeat corporate earnings reports. (Washington Post) [ Take this run-up as
a gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’!
Nothing has been solved; maybe forestalled. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! Why Apple,
Google And EBay Will Slash And Burn Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
New-home
construction surges in June (Washington Post) [ Riiiiight! One of those
‘all dressed up and no where to go’ pre-election year stats. Given the back-log
in foreclosures, distressed, ‘underwater’ properties, they might literally have
to give them away, fire-sales not excluded. I’d also put these stats (if even
true – I don’t believe anything they say / report, particularly in light of
their desperation, pre-election year, etc.) in the category of: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ Prelude To
Meltdown ,
Once again I
see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of
how my indicators successfully predicted the meltdown that occurred in
the fall of 2008. This book is a guide for detecting the next crisis whenever
it occurs. History repeats, or at minimum, it rhymes.
My work shows
that “the new recession has started.” The May 9 issue of the Wellington
Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on the
exact month, or within one month, of the official start as determined one year
later by the official arbiter of recession, the National Bureau of Economic
Research (NBER).
How can we be
in recession now when the GDP still shows growth? Because of improper inflation
adjustments. “Real” GDP growth, the headline number, is nominal growth minus
the rate of inflation. However, inflation is far understated for political
reasons.
Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When the
current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On July 18,
Goldman Sachs (GS )
substantially lowered its economic growth forecast. Marketwatch.com had this
headline: Goldman Sachs slashes Economic Forecasts . The next step will be for them to substantially
reduce earnings forecasts for the S&P 500.
Will the phase
II be as bad as the 2008 crisis? The last crisis was confined to the private
sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to
fail” turn to “too big to bail?”
Bert Dohmen is editor of the Wellington
Letter
IMF:
Euro is under ‘a shadow’ (Washington Post) [ Wow! You can say that again!
Ok! I will: ‘Euro
is under a shadow’ . Yeah! It really
is … all that … bad for the euro, eu, europe; but, let’s not be xzenophobic
here; pervasively corrupt, defacto bankrupt america’s hand-in-hand / hands
across the water under the same shadow along with that over-printed abused
paper thing called the u.s. dollar. Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg bailout. 18
Signs That Global Financial Markets Smell Blood In The Water The Economic Collapse |
‘Can you smell it? There is blood in the water…’ The
Greater Depression Is Upon Us by David
Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by David Galland: The Road to Perdition ‘The phrase “Greater Depression” was coined by Doug Casey
a decade or so back as a way of describing the economic crisis he foresaw as
inevitable, and which is now materializing.
Because I think it is important for
every organization to constantly challenge its own assumptions, I’ve long acted
as something of a devil’s advocate here at Casey Research. By constantly
pushing our analysts to revisit their assumptions and calculations, it is my
firm intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the
road is hugely important, because even though we urge our subscribers not to
overdo their exposure to inflation hedges, we recognize that many do. Many a
good person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were utterly
unprepared when said date stood up and broke a dinner plate over their heads.
With that brief setup, I want to make
our views clear: While we correctly anticipated the recent correction in
precious metals, this correction is but a blip in a secular bull market that is
very much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
The eurozone is growing increasingly desperate. .. The U.S. debt situation is far worse than anyone
in Washington is willing to admit. .. China’s miracle mirage. .. Japan is essentially offline. .. The Middle
East is in flames.
..
I’m convinced that nearly everything about today’s world is
going to change over the coming decade… much of it for the worse …’
Why Apple,
Google And EBay Will Slash And Burn Investors
[$$] Time to Pluck Apple?
Don't
Count on Social Security at Motley
Fool ‘
When all is
said and done, your projected Social Security benefits are simply not may if
Add it to
the list
... but you also need to worry about whether your
benefits will be cut simply because of politics. The lesson in this is
abundantly clear: Don't count on Social Security. Absent significant changes,
its own trustees doubt its long-term solvency, and as the President warned, the
benefits may be at risk as soon as next
month
Invest your money in your future
Save enough extra of your own assets Reassess your anticipated costs of living to
determine what you can live without.
How much you need to replace depends on your specific
circumstances, of course. For the sake of discussion, though, the average
Social Security retiree received $1,181.59 this month, or an annualized rate of
$14,179.08. If you believe the Trustees' version of the future, once the Trust
Fund expires, Social Security will continue to pay out about three-quarters of
its expected benefits.
In that scenario, the average retiree would need to
cover around an additional $3,544.77 per year, inflation adjusted from today's
dollars to their actual date of retirement. Based on the 4%
rule , it means you'll need to save around an additional $88,619.25 in
today's dollars to cover for Social Security's expected long-run shortfall…’
Intel pulls back PC market outlook, shares slide SAN FRANCISCO (Reuters) - Intel Corp trimmed its
forecast for 2011 personal computer unit sales, warning of softness in mature
markets and sending its shares more than 1 percent lower.
Raising
The Debt Ceiling Is Just Kicking The Can Further Down The Road at Forbes
Top 3 Reasons Markets Were Down After Yesterday’s Rally Wall St. Cheat Sheet, July 20, 2011,
Markets closed
down on Wall Street today: Dow -0.12% , S&P -0.14% , Nasdaq -0.43% , Oil
+0.60% , Gold +0.21% .
On the
commodities front, Oil climbed to $98.45. Precious metals were also up
today, with Gold climbing to $1,600.20 an ounce while Silver gaining 1.19% to
just break $40 an ounce.
Don’t
Miss: Why
is China Telling the U.S. How to Handle its Debt?
Today’s
markets were down because:
1) Debt debate
. Investors weren’t so much wary of the markets as they were distracted,
resulting in a rather ho-hum day of trading. While the
Gang of Six plan introduced in the Senate yesterday is gaining steam, so is
the Cut, Cap and Balance Act, which was pushed through the House by the Tea
Party. The act was passed by the Republican majority in the House, but won’t
make it through the Democrat-dominated Senate, while the Gang of Six plan,
technically bipartisan, has a better chance of being passed by the Senate than
the House. And in the meantime, we’re another day closer to the Treasury’s
August 2 deadline and still no debt ceiling deal.
2) Yesterday’s
rally . After all three major indices posted huge gains, including the Dow ,
which had its biggest one-day rally of the year on Tuesday, markets were bound
to slump as investors fell back down to reality. Existing
home sales slipped in June and traders took profits. Still, today’s minor
losses only give back a fraction of yesterday’s gains.
3) Apple.
After releasing its earnings report yesterday, Apple’s stock bounced, closing
today up 2.67%, making it one of the biggest gainers on the Nasdaq.
Unfortunately, one tech company’s good news is another’s bad. Competitors
Microsoft , Hewlett-Packard , and Google all closed out the day well into the
red…’
US
Economy Literally Making People Physically Sick at Minyanville
“Robo-Signing”
Fraud Continues — Surprise! USA
Watchdog
Borders,
2nd Largest Chain Bookstore, Forced to Close All Stores WSJ
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic Collapse
Postmaster
says days are numbered for Saturday mail delivery USA Today
We’re
On Track For Record-Low Housing Completions In 2011 Calculated Risk
A
Few Years From Now You’re Going To Wake Up With A Bunch Of New Taxes Bruce Krasting
Obama
struggles to get Wall Street funding Financial
Times
ECONOMIC CRISIS ARCHIVE
National / World
Man’s
call for Obama assassination is free speech, not crime, court rules LA Times
Bohemian
Grove Mystery Russia Today
US Spy Drone Shot Down by Iran FARS
Unemployed
Welfare Mom Tries to Sell Baby at Taco Bell New York Daily News
New
debt strategy gains support in Senate
President Obama and lawmakers in both parties latch on to a new strategy
for reducing the federal debt, saying an emerging plan to save
$3.7 trillion over the next decade could help break the impasse.
Meanwhile, the House passes a separate balanced-budget bill. Debt
debate not increasing confidence in Congress Republicans
fear default, not Aug. 2 deadline Md.,
Va., warned of risk to credit rating Stocks
up as U.S. default worries ease (Washington Post) [ Well, there you go … if
they say it, feel it, and stocks are up because they say it, feel it … well, it
must be true … NOT! Come on! What’s been solved? $3.7 trillion over a decade,
if it happens (very doubtful), it will bearly cover the interest costs. This is
just typical pre-election year politics that not only solves nothing; but has
literally brought the nation to the precipice and now like lemmings, they leap!
Deficit
Ceiling and Stocks - Expect the Unexpected ETFguide July 19, 2011, ‘ A number of cliches
come to mind when talking about the U.S. debt situation. The most appropriate
might be: 'You can't have your cake and eat it too.' The least applicable is
probably: 'Never put off until tomorrow what you can do today.'
But if you think
the U.S. will default on some of its obligations anytime soon, you don't have
enough faith in the government's most potent weapon - extend and pretend
(another cliche that's become the modus operandi).
Since 1960,
Congress has acted 78 separate times to permanently raise, temporarily extend,
or revise the definition of the debt limit. Chances are Congress will act again
before the August 2 deadline. That however isn't good news.
By the end of
this article you will know the common sense, no nonsense, deficit ramifications
for the stock market and why even 'a deal' isn't good news.
USA Inc.
- Income Statement
If the United
States was a corporation - USA Inc. - here's what the Income Statement would
look like:
Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The 2011 federal
budget is $3.7 trillion with a projected deficit of$1.6 trillion. But there's
no reason to despair, just before April 15,Congressional leaders were able to
agree on $39 billion worth of budgetcuts for the remainder of the year.
Senate Majority
Leader Harry Reid hailed this heroic effort as a 'historic' level of cuts. To
quantify just how 'historic' that effort was we'll put it in percentage terms
-1%. The cut amounted to only 1% of the 2011 budget. Apparently it wasn't
enough. Thanks to extend and pretend we've arrived at the next deadline.
Stocks
Applaud ... and Decline
Keep in mind that
back in mid-April when the 'historic' $39 billion cut was hammered out, the
S&P was at about 1,300. Following the 'resolution' of the budget problem
stocks rallied about 5%.
The April 3 ETF
Profit Strategy Newsletter featured the chart below (due to size restrictions
the chart had to be reduced). As per the chart and accompanying analysis, the
Newsletter expected a rally to the next Fibonacci resistance at 1,369, followed
by a bounce off the Fibonacci support at either 1,229 or 1,255 and an attempt
to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was
based purely on technical analysis with no regard for the deficit problem or
European debt woes (we'll take a look at an updated technical forecast in a
moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to 1,259,
and tried to take out the previous high (the S&P rallied as high as 1,356
on July 7and stumbled thereafter).
USA Inc.
- Balance Sheet
If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The
Deficit and Stocks
When President
Obama took office in January 2009, the federal debt was 70% of GDP or $10
trillion. Today the deficit is close to 100% of GDP at $14.3 trillion. As
per a recent AP report, President Obama had to scroll down his demands and
would now be content with a $2.4 trillion debt ceiling increase to make it last
beyond the 2012 elections.
No doubt, the
President would like the deficit issue put on hold until he's re-elected. It
seems like everyone has an agenda that takes priority over solving the actual
debt issue. The whole game could be summed up as White House budget director
Jack Lew put it: 'That all these ideas do is say let's kick the can down the
road so that others will deal with it.'
This, by the way,
is why the pre-election year of the Presidential election year cycles has seen
gains consistently since 1939, because the incumbent party will do what it
takes to remain in office longer.
A
lose-lose Situation
The drawback of
the deficit situation is that there is no easy way out. The government has to
either cut spending (as in fewer benefits for Americans) or increase revenue
(as in higher taxes).
Pick your poison.
Either choice will kill the economy. Of course, you can extend and pretend,
which is probably what will end up happening. No matter how much lip stick you
have at your disposal, a pig remains a pig. The deficit is a big (red) pig.
What is worse, a
$14.3 trillion deficit today, or a $16+ trillion deficit (according to Obama's
wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't just go away,
it gets worse (ask Greece, Ireland, Portugal or any of the other PIIGS).
…
There was no
fundamental good news on June 15 or 16. Some of the headlines featured on June
15 were:
'Is the bull
market over? A look at four different sentiment measures suggests that more
pain may await investors.' - Barrons
'Greek default
could trigger chain reaction' - AP
'Confidence is
eroding among U.S. factories, consumers' – Bloomberg …’
18
Signs That Global Financial Markets Smell Blood In The Water The Economic Collapse
‘…
#1 Banks stocks are absolutely getting hammered right
now. Bank of America hit a 52 week low on Monday. Bank
of America shares declined 4 percent to $9.61.#2 about 27 percent .#3 by 50 billion dollars .#4 are near two year lows .#5 fell 2.5 percent on Monday.#6 of Bank of America,
Citigroup and Wells Fargo .#7 considering staff cuts or
are already laying workers off.#8 on a knife’s edge “.#9 all the way to junk status .#10 over
35 percent .#11 by a whopping 6.4% on Monday.#12 the highest it has been since the euro was
adopted.#13 the highest it has been
since the euro was adopted.#14 fell by a staggering 7% on Monday and are
down a total of 22% so far this month.#15 there
is going to be a wave of sovereign defaults across Europe…. “Nothing stands
in the way of multiple sovereign defaults except the ECB: they are the only
game in town, there is nothing else” #16 16 percent of its workers#17 all remaining assets .
That means that 399 stores will be closed and 10,700 workers will lose their
jobs.#18 $1600 an ounce …’
The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.). Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’? I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these principled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan
Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many ] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
20 Signs That The Fabric Of American Society Is Coming
Apart At The Seams The American Dream | Most people agree that there is something
fundamentally wrong with America. There is wild disagreement about what is
causing it, but what most people can agree on is that there is something
fundamentally wrong with America. The fabric of American society just
does not seem to be as strong as it used to. In fact, many would argue
that society is coming apart at the seams. Corruption and decay seem to be
everywhere. I spend a lot of time in my other articles blaming a lot of
this corruption and decay on politicians, bureaucrats and business leaders, but
the reality is that they are only part of the story. The truth is that
those who are leading us are a reflection of what we have become as a
nation. If you got rid of all of our corrupt leaders that would not
suddenly “fix” this country. Millions of ordinary Americans have become
deeply corrupt as well. The kinds of things that you are about to read
about below were very rare in past generations. Society is falling apart
all around us and we haven’t even seen the complete collapse of the U.S.
economy yet. A lot of people like to blame the increasingly bizarre behavior of
the American people on the economy, but the reality is that things are not
nearly as bad as they are eventually going to be. Yes, the U.S. “Misery
Index” recently hit a 28 year high .Unemployment is rampant
The following are
20 signs that the fabric of American society is coming apart at the seams…..
#1 A 17-year-old Florida teen is being accused of killing his
parents with a hammer , hiding their bodies in the master bedroom, and then
inviting dozens of people over for a massive house party.
#2 What is it with 17-year-olds? Another
17-year-old has been charged with putting a plastic bag over the head of his
mother and choking her to death
with a belt . His two brothers just stood by and watched while this
happened. Apparently the 17-year-old was infuriated because his mother
wanted them to play a game of Yahtzee with her.
#3 The largest school cheating scandal in the history
of the United States was recently uncovered in the Atlanta area. Dozens
of teachers and principles were involved according
to a recently released 413 page report ….
More than three
quarters of the 56 schools investigated cheated on a 2009 standardized state
test, with 178 educators implicated, including 38 principals. Eighty-two
teachers confessed to erasing students’ answers and correcting tests. The
report says widespread cheating has occurred since at least 2001 and that
orders to cheat came from the top.
#4 A
Vancouver, Washington woman has been charged with trying to sell her newborn
baby in
front of a Taco Bell . Apparently she was hoping to get somewhere
between $500 and $5000 for the baby.
#5 In
the United States today, if you don’t show cops “proper respect” there is a
good chance that you are going to get tazed. Just check out this disturbing video of an
incident that recently happened in Alabama.
#6 A
48-year-old woman in California was recently arrested after she drugged her
husband, chopped off his manhood and threw it
into the garbage disposal .
#7 In
the Dallas area, five people (including a pregnant woman) were trampled
while lying on the ground as thousands of desperate people madly dashed to
get into line to get on a waiting list for rental assistance vouchers.
#8 A
35-year-old New York man that has been charged with “kidnapping,
killing and dismembering an 8-year-old boy ” says that he “hears voices” and
he has been ordered to undergo a psychological evaluation.
#9
There has been a rash of car robberies in the Atlanta area recently. Just
a couple of nights ago, more than 30 cars were broken
into in a single night in south Buckhead.
#10
All over the United States this summer, thieves are stealing just
about anything they can get their hands on . People are stealing air
conditioners, copper wiring, restaurant furniture, metal drain covers and even
hair extensions.
#11
In Woodstock, Georgia a 61-year-old man reportedly promised to give a
17-year-old boy money if he would do certain “things” for the man. Well,
it turns out that the 61-year-old man ended up setting the teen on fire ….
A 61-year-old
man has been arrested on charges of aggravated battery, cruelty to children,
false imprisonment, and solicitation of sodomy after he set a 17-year-old boy
on fire in Woodstock.
#12
In Washington state, a 23-year-old woman is accused of dumping her newborn baby into a trashcan at the
hospital. When a nurse finally found the plastic bag with the baby boy
inside of it, the child was blue in the face from a lack of oxygen.
Fortunately, the baby survived the ordeal.
#13
In another story from Washington state, a man that is being charged with
producing child porn is being allowed to watch that porn all he wants while he
is in prison because he is acting as his own lawyer and needs to have “access to the evidence “….
So because he’s
acting as his own lawyer, he gets full access to the evidence against him.
Which means that as he prepares for trial, a private room has been set up in
the jail where Gilbert can watch the full 30-hour archives of his own child
porn collection.
#14
The National Retail Federation says that “inventory loss” for retail storeswas up 11% last year .
Most of the “inventory loss” is attributed to such things as shoplifting and
employee theft.
#15
In Minnesota recently, a mob of teen girls brutally pummeled a mother and her
two daughters until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#16
One of the hot new trends for young males is to play the “knockout game “. In this “game”,
a group of young men picks out an innocent bystander and the first one to knock
that person out is the “winner”.
#17
Prior to 2011, most Americans had never even heard of “mob robberies “. Today, they
have made headline news all over the nation.
#18
In the San Francisco area recently, fire crews and police just stood on the shore and watched
as a suicidal 50-year-old man slowly drowned to death in the San Francisco Bay.
#19
Meanwhile, the federal government continues to waste money on some of the most
bizarre things imaginable. For example, the federal government actually
gave money to the National Institutes of Health to study the effect that the
size of “a
certain part of the body ” has on the sex lives of gay men. Can anyone
think of a reason why the federal government would want to throw money away on
such frivolous studies when millions of Americans can’t even find jobs right
now?
#20
Many believe that a big reason for all of this chaos in America today is the
decline of the American family. In 1960, married couples accounted for 75
percent of all households in America. Today, they account for just 48 percent of all
households.
Whatever your political or religious philosophy is,
hopefully you can agree that America is in trouble. Every single day,
there are more shocking revelations about the corruption and the decay that are
spreading throughout this nation.
Sadly, instead of coming together to work on some
solutions to our growing problems, Americans are becoming more divided than
ever.
The mainstream media teaches us that our “opponents”
are those that belong to political, social or religious groups that are different
from our own. They love to divide us and play us off against each
other. Everywhere you look in America, hate is growing.
But hatred is never the answer. Yes, we should
always stand up for what we believe is right, but we can do that and still love
one another at the same time.
Unfortunately, as America continues to come apart at
the seams we are probably going to see this country become even more divided.
United we stand, divided we fall – you make the call
America.’
Borders,
2nd Largest Chain Bookstore, Forced to Close All Stores WSJ
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic Collapse
6 Steps
by the IMF for a One-World Currency Brandon
Smith
Obama
struggles to get Wall Street funding Financial
Times
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg
18
Signs That Global Financial Markets Smell Blood In The Water The Economic Collapse too big to fail ” banks are getting absolutely
pummeled right now. Most people don’t have much sympathy for the
banksters, but if we do see a repeat of 2008 they are going to be cutting off
credit and begging for massive bailouts once again, and that would not be good
news for the economy.In Europe, the EU sovereign debt crisis just seems to get worse
by the day. Bond yields for the PIIGS are going haywire. The higher
the yields go, the worse the crisis is going to get…
The following
are 18 signs that global financial markets smell blood in the water…
#1 Banks stocks are absolutely getting hammered right
now. Bank of America hit a 52 week low on Monday. Bank
of America shares declined 4 percent to $9.61.#2 about 27 percent .#3 by 50 billion dollars .#4 are near two year lows .#5 fell 2.5 percent on Monday.#6 of Bank of America,
Citigroup and Wells Fargo .#7 considering staff cuts or
are already laying workers off.#8 on a knife’s edge “.#9 all the way to junk status .#10 over
35 percent .#11 by a whopping 6.4% on Monday.#12 the highest it has been
since the euro was adopted.#13 the highest it has been
since the euro was adopted.#14 fell by a staggering 7% on Monday and are
down a total of 22% so far this month.#15 there
is going to be a wave of sovereign defaults across Europe….“Nothing stands in the way of multiple sovereign
defaults except the ECB: they are the only game in town, there is nothing else” #16 16 percent of its workers#17 all remaining assets .
That means that 399 stores will be closed and 10,700 workers will lose their
jobs.#18 $1600 an ounce …’
Ron
Paul: The Federal Reserve is Defaulting on the American People Washington’s Blog
National / World
David Beckham Vs The New World Order Paul Joseph Watson
Mass Murder Merger: Petraeus Moves to CIA Kurt Nimmo
Alex Jones On Bohemian Grove 2011 Agenda RT
Alex Jones On Bohemian Grove 2011 Agenda RT
Thank You for Your
Service? Laurence M. Vance be prospectively useful since america sports
the highest crime rates by far of the so-called developed nations, and not for
law enforcement either, although law enforcement would be a very sparce and
limited exception to the decidedly negative aspect involved here). The
foregoing said, I do not have antipathy for them; but rather only for their
current misguided mission and purpose which, of course, is out of their hands
entirely. Indeed, I even empathize with those who bought into the propaganda;
notably, ie., Pat Tillman, etc., who belatedly learned of ‘the dupe’ and was
fragged for it. In fact, I almost fell prey to the same progpaganda campaign
during the Vietnam War, having lost some friends in action there I was about to
leave my freshman year at NYU for an appointment at West Point (from the
stories I would not go over there as a grunt) which I had secured despite my
exemption; and wisely, thankfully ultimately decided against it (for reasons
beyond the scope of this writing). I think what’s telling though not mentioned
in the article is how military, the industrial complex and attendant propaganda
has succeeded (coup d’etat/JFK assassination, or defacto coup d’etat) in making
a clear negative appear positive. But, I also believe with few exceptions, it’s
the inherently criminal nature of americans generally that explains
aforementioned phenomenon as well as america’s love affair with and lore of
criminals of all stripes; viz., jesse james, billy the kid, butch cassidy and
the sundance kid, bonnie and clyde, mafia / rappers / gang members, etc.. ]
Europe
see U.S. debt crisis as a threat Washington’s deadlock increasingly
threatens to strike another blow to Europe’s ailing financial system.
(Washington Post) [ Duh! Ya think? Really, I’ve truly lost all of whatever
respect I had for europe. After all, they have wholeheartedly and with open
eyes, self-destructively jumped on board the american-crazy-train. It’s truly a
shame because the result could have been far different in the most positive
sense; yet, it’s difficult to imagine that they were too blind to see it. There
have been numerous, rational admonitions against so doing (lies, injustice, the
american way). Over-reliance upon central banks and the ‘no-recession-fed’
particularly has also played a substantial role in this global debacle. Fed
Can Manipulate Markets, But Can't Reverse Economy at Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
Gloomy
consumers cast dark cloud over economy
Housing Woes to Cause Recession in 2012, Says Gary
Shilling
World
Bank chief blasts U.S. on trade Robert Zoellick launches a blunt critique
of the Obama administration’s approach.
(Washington Post) [ What approach? Obfuscating, backroom deals to get
through the election while solving nothing? Credit-rating
firms loom over debt debate Despite a behind-the-scenes campaign by the
White House to keep the nation’s major credit-ratings companies from
threatening to downgrade the U.S., the firms have issued default warnings
anyway. (Washington Post) [ Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan
Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but can’t
hide from his contraindicated (based on reality, broken campaign promises, and
consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Debt
and American pessimism (Washington
Post) [ If it was only just debt, there’d reason and room for hope. 16 Reasons To Feel Really Depressed About The Direction
That The Economy Is Headed The
American Dream barely be able
to pay the mortgage and put food into the mouths of your kids. The reason
why so many Americans believe that we are in a “recession” or a “depression” is
because that is what they feel like they are living through every single day. The number of
Americans that are really depressed about the direction of the economy
continues to grow. At first most Americans had expected the U.S. economy
to bounce back after the recession “like it always does”, but now hope is
turning into desperation as people start realizing that this time things are
different.
Most Americans
are very eager for things to go back to normal. Unfortunately, things
look like they are about to get even worse.
The following
are 16 reasons to feel really depressed about the direction of the economy….
#1 A newly released National Federation of
Independent Business poll discovered that U.S. small businesses let go of
more workers than they hired in June. Previously, the poll had registered
four monthly gains in net jobs in a row. Some analysts believe that this
may be another indication that the employment market is getting softer once
again.
#2 Another newly released jobs report found that the
number of job cuts being planned by U.S. employers increased
by 11.6% in June .
#3 There are fewer payroll jobs in the United States
today than there were back in
2000 even though we have added 30 million people to the population since
then.
#4 There are officially 6.2 million Americans that
have been unemployed for more than 6 months. There are millions of others
that have also been out of work that long but they have become so discouraged
about looking for work that the U.S. government considers them “to no longer be
in the workforce”.
#5 It now takes the average unemployed worker in
America nearly 40 weeks to find a new job.
#6 Paychecks are not keeping up with inflation.
In May, the average hourly wage in the United States was 1.6 percent lower than 12
months earlier.
#7 Food and gas prices have been absolutely soaring
over the past year. McDonald’s, Hershey and Coca-Cola have all announced
price increases this year. One recent survey found that 9 out of 10 U.S. workers do not expect
their wages to keep up with soaring food prices and soaring gas prices over
the next 12 months.
#8 There are disturbing indications that the business
community expects the economy to slow down even more in the months ahead.
For example, pre-orders for Christmas toys from China are
way down .
#9 As of April, there were 6.39 million home loans in
the United States that were either delinquent or in foreclosure. Included
in that were 675,000 home loans that had not had a single payment made on them
in two years.
#10 Approximately 28 percent of all home loans in the
United States are currently “underwater” .
#11 Overall, American households are about 7.7 trillion dollars poorer
than they were back in early 2007.
#12 As a percentage of GDP, the total amount of debt in
the United States is now far higher than it ever has been in any other era of
U.S. history . Things were not even close to this bad during the Great
Depression.
#13 One of the key measures of consumer confidence in
the United States has hit a seven-month low .
#14 According to Gallup, the percentage of Americans
that lack confidence in U.S. banks is now at an all-time high of 36% .
#15 According to one recent poll, 39 percent of Americans
believe that the U.S. economy has now entered a “permanent decline”.
#16 Another recent survey found that 48 percent of
Americans believe that it is likely that another great Depression
will begin within the next 12 months.
So what is the
United States going to look like if we do have another major economic downturn?
If the U.S.
economy continues to get worse and worse, will what is happening in Greece eventually start happening
in this country?
Let us
certainly hope that our cities do not descend into chaos any time soon.
However, we
should not just stick our heads in the sand and pretend that everything is
going to be okay.
Those of us
that are aware of what is happening to the economy should take this time to get
prepared.
We should all
be getting out of debt. When the economy tanks and interest rates start
to spike you don’t want a horde of creditors hunting you down.
We should all
be reducing our expenses and learning to live on less. It is those that
are “lean and mean” that will have the best chance of making it through a major
downturn successfully.
We should all
be storing up emergency food and supplies. After all, you take out
insurance on all kinds of other things, don’t you? We all need to be
fully prepared just in case the worst happens.
The truth is
that most Americans are totally unprepared for economic troubles. As the
financial crisis of 2008 demonstrated, when people lose their jobs and their
wealth they will come in and take everything away from you.
And it is not
just your home that you could lose. When you don’t have any more money
left there is a chance that authorities will take everything
For example,
according to one local news report ,
six kids were taken away permanently from their parents just because they were
homeless and living in a storage shed….
“You shouldn’t take our kids because we’ve fallen on hard
times,” said Prince Leonard, a married father of six whose family resides in a
northeast Houston storage shed.
The Leonards moved in three years ago after the father, an
unemployed welder, was hired as a maintenance worker.
Well, it turns out that the storage shed actually had
“an air conditioner, a refrigerator and two personal computers”, so they were
not living too terribly.
But this is what happens to so many poor families
today – “child protective services” will come in and take their children away
at the drop of a hat.
Poor people are an easy target. They know that
they are unlikely to fight back and so thousands and thousands of young
children are constantly being ripped out of homes and never returned.
Don’t think that it can never happen to you. It
is happening all over the country.
Meanwhile, the mainstream media continues to act like
everything is just fine. As our economy continues to be caught in a death
spiral they are busy cracking jokes and talking about celebrities.
While the country is falling apart, the following
video is an example of what passes for news in America these days….
The sad
reality of the matter is that “the American Dream ” is dying.
Every month
more American families are slipping out of the middle class and into poverty.
Over the past
four years, the number of Americans on food stamps has risen by 18
million. A higher percentage of Americans is enrolled in government
anti-poverty programs than ever before.
There will be
millions of Americans that will not be able to sleep tonight because they are
being eaten alive by worry and fear. If the economy does not turn around soon,
there will be even more American families that are living in their cars and
eating out of dumpsters.
Our economic
problems are a horrible nightmare that never seems to end. We are
literally watching the greatest economy on earth crumble before our very eyes.
So if you feel
really depressed about all this, nobody is going to blame you.
But pulling
yourself together and getting yourself and your family prepared for the really
hard times that are coming might be a better course of action.’
Running
in the Red Part 1 | How the U.S.
detoured to massive debt. (Washington
Post) [ There’s really no mystery here. Ultimately it comes down to the 3 r’s;
viz., readin’, ‘ritin’, and ‘rithmetic. Basic math skills are fundamental, but
2+2 hasn’t equaled 4 for quite some time in pervasively corrupt, defacto
bankrupt america. Moreover, a fundamental reality in inherently criminal
america is as coincidentally posted this day on infowars.com with more general
application, ‘Crisis And Collapse Unfortunate but Inevitable Bob Chapman Parker:
Obama’s not-quite-true story (Washington Post) [ I frankly am quite
surprised that Ms. Parker chooses this of all accounts when there’s a
cornucopia of lies now inseperable from the personified fraud, barrack obama
aka ‘wobama the b’ (for b***s***).
Indeed, wobama’s become a shamelessly insufferable, jive-talking liar
that can only now be at best considered a failed president. Do not feel sorry
for him. He rolled the dice when contrary to campaign promises that got him
elected, he continued the contraindicated, misguided, and prohibitively costly
and quite unnecessary perma-war policies of failed president, predecessor
dumbya bush. On top of that he’s spent more yet, even caving on the bush tax
cut extensions though spending like mad.
Too little, too late; he gambled, he lost. All he had to do was what he
said he was going to do. Not only would that have been correct, but he could
not have been faulted if perchance it was not.
I don’t believe anything he or his teleprompter says. I find his
rhetorical speeches, jive-talking and sense of petulant indignation
intolerable. Quite simply, wobama(s) is nauseating. Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% DEM
FLASHES RACE CARD IN DEBT DEBATE... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN ... KRAUTHAMMER:
CALL THE BLUFF! McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ... Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy. (Washington Post) [ Sounds like a plan! Riiiiight! That
framework thing … for the spending thing … with money they don’t really have on
things they don’t really need, ie., the perma wars (that military inferiority
complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that wobama’s
got a boehner … so not to be so hard on them; if pelosi says it, it must be
true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look
pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on
debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means
like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Budget
amendment plan proceeds as debt crisis eludes compromise Obama meets with top House GOP in hopes of
reaching a debt-limit agreement that could win approval. Obama
vows veto of deficit-cutting plan Klein:
Dangers of being wrong on Keynes Poll:
Little confidence in leaders to deal with issue (Washington Post) [ Well let’s not kid
ourselves since the wobama et als plan already means: IT'S
GOING TO HURT 'FOR LONG TIME TO COME' Says tiny tim geithner … thanks for the heads
up tiny tim ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! … Stock futures, dollar falls; Moody’s warns U.S. Wed, 13 Jul 2011 Carla Mozee
(MarketWatch) — ‘U.S. stock index futures and the U.S. dollar fell Wednesday
evening after a ratings agency warned that it may cut its rating on U.S.
government debt … The Head Of The World’s Biggest Hedge Fund Sees “Economic
Collapse” Due To Money Printing By Early 2013 Zero Hedge | Dalio believes that future inevitable money printing
will “lead to a collapse in currencies and bond markets.” The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Suckers’ rally into the close off lows to keep the
suckers suckered.
City Council Attempts To Oulaw Free Speech And Freedom Of
Assembly Steve Watson
Whistleblower’s
Death: James Corbett on Murdoch scandal turning bloody RT
Dangerous
Levels Of Radiation Recorded In Canada As Fukushima Radiation Dangers Continue
The Intel Hub
Ron Paul
Road to 2012: The Tom Sulivan Show YouTube
Armed
Drones: A Diabolical Revolution in the “Art of War” Global Research
Israeli navy
seizes Gaza-bound yacht Reuters
Bachmann criticizes black farmer settlement OMAHA, Neb.
(AP) — ‘Republican presidential candidate Michele Bachmann pointed to one
program in particular Monday when talking about wasteful government spending: a
multibillion dollar settlement paid to black farmers, who claim the federal
government discriminated against them for decades in awarding loans and other
aid.
The issue came
up after Bachmann and Republican Rep. Steve King of Iowa toured flooded areas
along the Missouri River. During a news conference, they fielded a question
about whether farmers affected by the flooding also should be worried by
proposed U.S. Department of Agriculture cuts.
The two
responded by criticizing a 1999 settlement in what is known as the Pigford
case, after the original plaintiff, North Carolina farmer Timothy Pigford. Late
last year, President Barack Obama signed legislation authorizing a new, nearly
$1.2 billion settlement for people who were denied payments in the earlier one
because they missed deadlines for filing.
King has
likened the Pigford settlement to "modern-day reparations" for
African-Americans. He said Monday a large percentage of the settlement
"was just paid out in fraudulent claims" and criticized the Obama
administration's plan to resolve separate lawsuits filed by Hispanic and female
farmers.
"That's
another at least $1.3 billion," King said "I'd like to apply that
money to the people that are under water right now."
Bachmann
seconded King's criticism, saying, "When money is diverted to inefficient
projects, like the Pigford project, where there seems to be proof-positive of
fraud, we can't afford $2 billion in potentially fraudulent claims when that
money can be used to benefit the people along the Mississippi River and the
Missouri River."…’
Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action which
was illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
Inflationistas
vs. Deflationistas: What Does CPI and PPI Tell Us? at Minyanville Jeff Harding Jul
18, 2011 ‘The reason we are not seeing rapid price inflation is that money supply
growth has been rather modest considering the Fed's attempts to pump the
economy full of money and credit.
Inflationistas
are probably confounded by Friday’s Consumer
Price Index report , which showed a decline of 0.2% in June. The report pins
the decline, the first since June 2010, on falling energy costs. As a large
component of CPI it:
...declined 4.4 percent in June, the largest decline since December
2008. The gasoline index, which fell 2.0 percent in May, declined 6.8 percent
in June. (Before seasonal adjustment, gasoline prices fell 5.8 percent in
June.) Despite the recent declines, the gasoline index has increased 35.6
percent over the past 12 months.
On the other hand, the deflationists are probably
using the data price biggest back-to-back gain in two years.
[E]nergy dropped 4.4 percent, following a 1.0 percent decline. Gasoline
fell 6.8 percent after decreasing 2.0 percent in May. Within the core new
vehicles increased 0.6 percent, used cars and trucks
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7181.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7182.JPG
TMS2 -- green line) exploded post-Crash until January 2010
and dropped like a rock until late 2010 when it started growing again. See
this chart from Michael Pollaro which I have amended with the dates of QE1
and QE2:http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7183.JPG
businesses
Inflation is a monetary phenomenon, and price
inflation is a result of it. Price inflation is caused by an expansion of the
money supply. There is no such thing as demand-pull price
inflation, and we cannot have price inflation because capacity utilization
of factories is low. In order for prices to really take off, money
supply needs to take off. We have had a roller coaster of monetary
stimulus through QE, causing significant gyrations in money supply. QE (helicoptering money into Wall Street) has a
lesser impact on money supply than bank money and credit expansion. It
works, it just doesn’t have the multiplier bang for your buck. Money supply growth has been historically lower
as compared to prior inflations that expanded through bank credit (see
2001 on the chart above). The monetary impact of QE2 is not done yet, but
it will have a shorter impact on money supply than QE1. CPI prices are increasing modestly. The producer
price index (PPI ) is showing much higher price increases and this
is starting to squeeze wholesalers and retailers. They will attempt to
raise prices. A question arises as to whether or not price
increases will be accepted by consumers since wage growth has been flat. I
believe increases will be rejected by consumers who will further restrict
consumption in response. Or, retailers will swallow the difference, see
profits squeezed, and either way the economy will be harmed from monetary
expansion. Ultimately the CPI will rise further, especially
if the Fed does QE3, which I believe will happen. Flat-to-declining growth
will put pressure on the Fed to act. A low CPI (or PCE) and stagnating
employment will encourage the Fed to do QE3 to revive a moribund economy. That will lead to continued stagnation. The key to recovery will be the liquidation of
malinvestment and its related debt. It is happening, but the process is
slow and more money pumping will only slow it down further. Stagflation.
Editor's Note: This article was originally published at The
Daily Capitalist .’
Litany
of Woes Sparks Renewed Bearish S&P ETF Options Trades at Forbes
Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression.
Barton Biggs: U.S. needs massive public works program The U.S. needs to invest in a massive public works
program, and rich people and corporations should pay more taxes. Barton Biggs,
of Traxis Partners, shares his views with the Simon Constable.
Yes,
depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not
work. Won’t work in the future. Remember that 30-month recession after the
dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak,
Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And
what about the so-called Great Recession of the 2008 credit meltdown? Didn’t
work either. In fact, made matters worse: Wall Street got richer by stealing
from the other 98% of Americans, the middle class, the poor. And now their
conservative puppets in Washington want to make matters worse, widening the
wealth gap further to benefit the Super Rich.
Seems
nobody really gives a damn about our great nation any more. America’s now a
capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought
by high-priced lobbyists in a broken political system. America needs a 21-gun
wake-up call. Yes, that’s why America needs a Good Depression. The economy’s
bad now. But kicking the can down the road again will make matters much worse
later.
America’s leaders lost their moral compass, lack a
public conscience This
is not our first call for a Good Depression. As early as 2005 we began
reporting on excessive debt. In November 2007 we warned of a crash dead ahead.
The subprime credit meltdown had been accelerating for many months, although
for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s
“it’s under control.” Treasury Secretary Henry Paulson’s delusional “best
economy I’ve ever seen in my lifetime.”
In
August 2008 came the original of our seven reasons why America needs a Good
Depression. Yes August, just two months before Wall Street banks collapsed into
de facto bankruptcy, after many warnings predicting a crisis. This was no Black
Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine:
The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to
take over America:
“Nobody
should believe the overblown claims that the market crisis signals the death of
‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free
market ideology has always been a servant to the interests of capital, and its
presence ebbs and flows depending on its usefulness to those interests. During
boom times, it’s profitable to preach laissez faire, because an absentee
government allows speculative bubbles to inflate.”
But
“when those bubbles burst, the ideology becomes a hindrance, and it goes
dormant while big government rides to the rescue. But rest assured,” she
predicted, Reaganomics “ideology will come roaring back when the bailouts are
done. The massive debts the public is accumulating to bail out the speculators
will then become part of a global budget crisis that will be the
rationalization for deep cuts to social programs, and for a renewed push to
privatize.”
Totally predictable: No Black Swans in 2000, 2008 …
nor in 2012 Yes,
all was predictable: The events of the past few years were well known in
advance. In fact, the events of the entire decade were predictable. The rich
got richer off the backs of the middle class and the poor. Why? “There’s class
warfare all right,” warns Warren Buffett. “But it’s my class, the rich class,
that’s making war, and we’re winning.”
And
they are also blind and deaf to the havoc their free-market Reaganomics
policies are creating, selfishly undermining America, the world’s greatest
economic power.
Lessons
learned? Zero. Why? Wall Street, Washington and Corporate America are focused
on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets,
megabonuses, tax cuts. In good times they tout “free markets.” But when greed
bombs, they throw free-market “principles” under the Reagan Revolution bus and
unleash their mercenary lobbyists to go whining to Congress for huge taxpayer
bailouts and access at the Fed discount window, to siphon off more taxpayer
money. And they’ll do it again soon,
Wall
Street and their cronies are doing such a miserable job, America needs a new
strategy: First, stop “kicking the can down the road.” Let a good old-fashioned
Good Depression do the job that our hapless, happy-talking leaders refuse to
do. Take our medicine. Let a new depression clean house and reawaken Americans
to core values.
Trust
me folks, it’s either a Good Depression now … or a Great Depression 2. Here are
seven reasons favoring the do-it-now strategy:
1: Capitalism’s now a lethal soul sickness, needs a
reawakening What’s
the real problem? Not the economy, not markets, nor even politics. Yes, our
economic pains are real. But they’re just symptoms. Something’s structural
wrong. Since 2000 endless bad news: Greed, deceit, stupidity, corruption,
unethical behavior, lack of moral conscience.
The
real problem’s deep in our character, the “mutant capitalism” Jack Bogle warned
of in “The Battle for the Soul of Capitalism.” Sadly, that battle was lost.
With it we lost our soul, our moral compass. America’s character is measured by
our net worth.
2. We’re already in the early stages of a Great
Depression Comparing
today with the Great Depression is common sport. In a Newsweek special “Seeing
Shades of the 1930s,” Dan Gross wrote: “Wall Street, after two terms of a business-friendly
Republican president, self-immolated on a pyre of greed, incompetence and
excessive optimism.” Today’s “new normal” economy means high unemployment for
years, inflation driving prices, rising interest rates, more debt, chaos.
We
are destroying ourselves from within. Former U.S. Comptroller General David
Walker warns that “there are striking similarities between America’s current
situation and that of another great power from the past: Rome.” Three reasons
“worth remembering: declining moral values and political civility at home, an
overconfident and overextended military in foreign lands, and fiscal
irresponsibility by the central government.” We are becoming more vulnerable to
external enemies.
3. Good Depression exposes our self-destruct
bubble-thinking Before
the 2008 crash, “Irrational Exuberance” author Robert Shiller warned in the
Atlantic magazine that “bubbles are primarily social phenomena. Until we
understand and address the psychology that fuels them, they’re going to keep
forming.” Housing inflated 85% in the decade: “Historically unprecedented … no
rational basis for it.”
Bubble
thinking is an toxic virus that infected everyone. Shiller warns of another
coming: “We recently lived through two epidemics of excessive financial optimism
… we are close to a third episode.”
4. Good Depression will stir outrage, force real
reforms Writing
in the Wall Street Journal, Jim Grant, editor of the Interest Rate Observer,
wrote: “Why No Outrage? Through history, outrageous financial behavior has been
met with outrage. But today Wall Street’s damaging recklessness has been met
with near-silence, from a too tolerant populace.” Grant worries that Wall
Street will run “itself and the rest of the American financial system right
over a cliff.”
But
we only went to the edge in 2008. Today, a rebellious “throw the bums out”
hostility is blowing a new kind of bubble: Three years ago we did not have Tea
Party, union fights, the Arab Spring and Greek austerity riots, all signs of an
dark angry future sweeping across America.
5. Good Depression forces Wall Street to think
outside the box In
a powerful Bloomberg Markets feature, “No Easy Fix,” we’re told Wall Street’s
“profit formula has hit a wall.” Their “money-making machine is broken and
efforts to repair it after the biggest losses in history are likely to
undermine profits.”
Even
Mad Money’s Jim Cramer openly admits hedge fund managers are pocketing
megaprofits at capital gains rates while laughing at the stupidity of a broken
political system that gives hundreds of billions in tax breaks to the richest,
then takes taxes off the table as our middle class is dying under massive
unsustainable deficits. Soon angry mobs will “fix” Wall Street.
6. Good Depression will deflate America’s warring
soul The
American economy is a “war economy” driven by a egomaniac. I saw it firsthand
as a U.S. Marine. Americans love being king of the hill, world’s cop, the
global superpower. Why else spend 54% of our tax dollars on a war machine, 47%
of the world’s total military budgets.
Why?
Our war machine generates such “spectacular profits that many people around the
world” are convinced America’s “rich and powerful must be deliberately causing
catastrophes so that they can exploit them,” warns Klein in “Shock Doctrine.”
No wonder the GOP takes military spending, like tax cuts for the rich,
off-the-table: The war industry is a major political donor.
7. Good Depression now … avoids a far bigger
depression later In
“The Price of Liberty: Paying for America’s Wars,” Robert Hormats,
undersecretary of state and a former Goldman Sachs vice chairman, traces
America’s wartime financing from the Revolutionary War to present wars. He
warns that today we’re “relying on faith over experience, hoping that sustained
growth will erase deficits and that the ballooning costs of Social Security,
Medicare and Medicaid will be manageable in the coming decades without
difficult reforms.”
Absent
a brutal reset, we are on a historically predictable course says Kevin
Phillips, Nixon strategist and author of “Wealth & Democracy:” “Most great
nations, at the peak of their economic power, become arrogant and wage great
world wars at great cost, wasting vast resources, taking on huge debt, and
ultimately burning themselves out.” Yes, burned out, unprepared.
So
pray for a Good Depression earlier rather than later. Choose now and we can be
prepared for whatever comes. Or a Great Depression will hit later, when we’re
least prepared, the problems bigger, our faith weaker … don’t raise the debt
ceiling.’
Our
Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Fed
Can Manipulate Markets, But Can't Reverse Economy at Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click to enlarge
Gloomy consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter Gorenstein ‘ Federal
Reserve Chairman Ben Bernanke suggested the central bank would go ahead
with another round of stimulus -- aka quantitative easing -- if the economy
continues to slump. In this scenario, the Federal Reserve would once again
purchase assets to keep interest rates low in an attempt to support the economy
and prop up asset prices.
So far, the
Fed's actions have done more good for asset prices like stocks (see: S&P
500 chart since 2009) while doing less to help the economy (see:
June jobs report ). U.S. gross domestic product grew just 1.9% in the first
quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP growing at
2.7% to 2.9%, which is lower than the plus 3% forecast they made in April.
Today's guest,
Gary Shilling, President of A. Gary Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what action
the Fed takes. "Economic growth here and abroad is slipping, making a 2012
recession a distinct possibility," he writes in his July newsletter. And,
"when you have slow growth it doesn't take much of a shock to throw you in
negative territory."
Shilling says
the shock to trigger the next recess is "another big leg-down in
housing." (An asset class the Fed has not been able to reflate.) As those
familiar with Shilling know, his forecasts are generally bearish.
However, in his defense, Shilling was one of the few economists who correctly
predicted the dangers of the subprime mortgage market and its impact on the
broader economy.
The problem
with the real estate market remains excess inventory. Based on Shilling's
research, there are 2 million to 2.5 million excess homes in the country -- a
supply that will take 4-5 years to work-off. The result: Housing prices will
fall another 20% and underwater mortgages will balloon from 23% to 40%, he
says.
With housing
slumping again, Shilling says recession is coming to a town near you in 2012.’
Investors
Move Money Out of Blue Chips at
Forbes
Top 3 Reasons Markets Were Down on Debt Fears and Banks Wall St. Cheat Sheet July 18, 2011 ‘Markets closed down on Wall Street today: Dow
-0.74% , S&P -0.81% , Nasdaq -0.89% , Oil -1.35% , Gold +1.04% .
On the
commodities front, Oil made a reversal, dropping to $95.93, while
precious metals continued to gain, with Gold up to $1,606.70 an ounce and
Silver up 3.49% to $40.44 an ounce..
Today’s
markets were down because:
1) Same old,
same old. Lately, whenever stocks are down, it has something to do with the
sovereign debt crisis, whether it’s Greece, Italy , Ireland, or the U.S. And
today it’s everybody. Lawmakers continue their game of chicken with just two
weeks until a deal must be reached, while European leaders still haven’t
decided on the role of private investors in a new Greek aid package and Italy’s
bond yields continue to skyrocket. And last week’s bank
stress tests failed to have much of an impact on fears as analysts are
saying that they were too lenient and didn’t accurately test bank preparedness
for Greek default.
2) Banks.
Nothing pulls down the markets like the nation’s biggest banks . When they’re
having a bad day, everyone’s having a bad day, and Bank of America was leading
sector losses, dropping 2.50%. Wells Fargo , Citibank , Deutsche Bank , and
Morgan Stanley were all down more than a percent. With all 10 S&P sectors
down, financials were by far the worst, helping NYSE decliners outnumber
gainers four-to-one. While declines might be explained by general wariness
among investors worried about the economy, it might also have something to do
with the looming uncertainty
surrounding the Dodd-Frank Act and how strictly it will regulate banks and
thus hinder profitability.
3) The Murdoch
Effect. The non-stop
bad press machine that is News Corp. has seen its shares drop off nearly
18% since news of its phone-hacking scandal broke. The stock has fallen 4.32%
just today, and the bad juju seems to be wearing off on other media giants.
Comcast , CBS , Disney are all well into the red today, and even Time Warner
shares are down, despite having record-breaking box office giant — Harry Potter and the Deathly Hallows 2 –
Will
the U.S. Default Before Greece? –
Zacks
Final
top 10 leaders in option volume optionMONSTER
‘…The SPDR S&P 500
Fund (NYSEArca:SPY ) was down
just shy of 1 percent as 2.13 million options contracts traded. The S&P 500
Index (TSXV:SPX.V ) options
were third on the top 10 volume list with 736,000 options. The CBOE Volatility
Index was up by 7.6 percent on the day with 493,000 contracts.BAC ) heads
into earnings down 2.8 percent with 859,000 options changing hands. Apple
(NasdaqGS:AAPL ) was fifth on
the list with 587,000 as it finished the day higher by 2.4 percent. Citigroup
(NYSE:C ) remained in the 10th spot
with 348,000.IWM ) had 639,000 options traded.
The SPDR Financial Fund (NYSEArca:XLF )
regained ground and finished the day down 1.35 percent with 400,000. The
PowerShares QQQ Trust (NasdaqGM:QQQ )
had 337,000. SLV )
was up by 3.22 percent. It saw 338,000 options change hands on the day, with
calls outnumbering puts more than 3 to 1
http://www.optionmonster.com/cms/commentary/images/TMfinalvolumes71811.png …’
Gold
& Silver Surge As Debt Woes, China Demand Keep Growing - at Barrons.com
Confirmed:
Federal Reserve Policy is Killing Lending, Employment and the Economy Washington’s Blog
“They’re
Going to Cut Back the Bone and They’re Going to Keep the Fat…” Washington’s Blog
Treasury
To Stop Funding Its Market Manipulation Fund To Delay US Bankruptcy Tyler Durden
Gold
And Silver Likely To Go Parabolic Due To ‘Global Shockwaves’ If U.S. Defaults
Zero Hedge
Obama
nominates consumer finance chief UPI
Return
of the Gold Standard as world order unravels London Telegraph
Why
Banks Aren’t Lending: The Silent Liquidity Squeeze Truthout
We Have Forgotten
What the Ancient Sumerians and Babylonians, the Early Jews and Christians, the
Founding Fathers and Even Napolean Bonaparte Knew About Money Washington’s Blog
Obama’s
Proposal: Increase Debt Extra $26B This Year, $83B Next Year, $2.7T Over Decade
CNS News
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic Collapse
6 Steps
by the IMF for a One-World Currency Brandon
Smith
Parker:
Obama’s not-quite-true story (Washington Post) [ I frankly am quite
surprised that Ms. Parker chooses this of all accounts when there’s a
cornucopia of lies now inseperable from the personified fraud, barrack obama
aka ‘wobama the b’ (for b***s***).
Indeed, wobama’s become a shamelessly insufferable, jive-talking liar
that can only now be at best considered a failed president. Do not feel sorry
for him. He rolled the dice when contrary to campaign promises that got him
elected, he continued the contraindicated, misguided, and prohibitively costly
and quite unnecessary perma-war policies of failed president, predecessor
dumbya bush. On top of that he’s spent more yet, even caving on the bush tax
cut extensions though spending like mad.
Too little, too late; he gambled, he lost. All he had to do was what he
said he was going to do. Not only would that have been correct, but he could
not have been faulted if perchance it was not.
I don’t believe anything he or his teleprompter says. I find his
rhetorical speeches, jive-talking and sense of petulant indignation
intolerable. Quite simply, wobama(s) is nauseating. Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama Economists Admit:
'Stimulus' Cost $278,000 per Job...
GALLUP SHOCK: 'REPUBLICAN'
BEATS OBAMA BY 8% DEM FLASHES RACE CARD IN DEBT
DEBATE... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only THIS president has
received the kind attacks and disagreements'...
BOEHNER: HE HAS NO PLAN ... KRAUTHAMMER: CALL THE BLUFF! McConnell: Deal Not Possible
With Obama … [ I think this shoe fits wobama ... African-American unemployment
at 16% ... (But there’s rationality in this stat as people avoid their
disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I
truly believe from direct experience that even when their outright aggression,
assaults on persons and the senses, and otherwise obnoxious behavior is not
apposite, the personality disorder ‘passive / aggressive’ is applicable,
however indirectly expressed.) ] ... Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy. (Washington Post) [ Sounds like a plan! Riiiiight! That
framework thing … for the spending thing … with money they don’t really have on
things they don’t really need, ie., the perma wars (that military inferiority
complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Bond
investors not scared away As the clock on debt talks runs out, investors
who lend money to the U.S. government are playing it cool. (Washington Post) [
Playing it cool, or playing the fool? I say the latter because some very smart
money thinks quite the contrary regardless of any debt-ceiling deal, etc. … Report:
Pimco's US Mar 9,
2011 – Bill Gross, who runs the world's biggest bond fund at Pacific
Investment Management ... Report: Pimco's Gross Sells All US Treasury Holdings ... Mohamed A. El-Erian confirmed the move! Fed
Can Manipulate Markets, But Can't Reverse Economy at Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
Gloomy
consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter Gorenstein ‘ Federal
Reserve Chairman Ben Bernanke suggested the central bank would go ahead
with another round of stimulus -- aka quantitative easing -- if the economy
continues to slump. In this scenario, the Federal Reserve would once again
purchase assets to keep interest rates low in an attempt to support the economy
and prop up asset prices.
So far, the
Fed's actions have done more good for asset prices like stocks (see: S&P
500 chart since 2009) while doing less to help the economy (see:
June jobs report ). U.S. gross domestic product grew just 1.9% in the first
quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP growing at
2.7% to 2.9%, which is lower than the plus 3% forecast they made in April.
Today's guest,
Gary Shilling, President of A. Gary Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what action
the Fed takes. "Economic growth here and abroad is slipping, making a 2012
recession a distinct possibility," he writes in his July newsletter. And,
"when you have slow growth it doesn't take much of a shock to throw you in
negative territory."
Shilling says
the shock to trigger the next recess is "another big leg-down in
housing." (An asset class the Fed has not been able to reflate.) As those
familiar with Shilling know, his forecasts are generally bearish.
However, in his defense, Shilling was one of the few economists who correctly
predicted the dangers of the subprime mortgage market and its impact on the
broader economy.
The problem
with the real estate market remains excess inventory. Based on Shilling's
research, there are 2 million to 2.5 million excess homes in the country -- a
supply that will take 4-5 years to work-off. The result: Housing prices will
fall another 20% and underwater mortgages will balloon from 23% to 40%, he
says.
Europe’s
banks at risk, study finds Regulators find a system dependent on government
support and in need of better preparation. (Washington Post) [ Europe’s banks
at risk … they needed a study to discern that? How ‘bout Europe, the EU, the
euro are at risk; and, we don’t need a study to discern that fact. Foolishly
At The Brink! at Forbes Sy Harding
‘Governments around the world are struggling with record debt. The debt crisis
in Europe and the struggle in Washington to raise the U.S. debt ceiling are in
the news every day.
As
the original debt crisis in Europe migrated from Greece to Ireland, to
Portugal, to Italy over the last 18 months a commonality became obvious. Opposing
government parties in each country fought over the methods to tackle the
problem until each crisis reached the brink of default on the country’s debt,
and confidence in its economy was in shambles.
Over
the past week it’s been Italy’s turn. The third largest economy in Europe and
deemed to be too large to bail out, Italy’s government has been debating
angrily for months about how best to handle its growing debt crisis. It was
only after the bottom fell out of Greece’s stock and bond markets early this week
that the wrangling Greek parliament panicked and quickly ‘fast-tracked’ an
agreement on austerity measures to at least postpone the crisis for awhile.
For
18 months now global stock, bond, and currency markets have been roiled each
time the European debt crisis popped up again. And each time, euro-zone finance
ministers and politicians took action only when the markets forced them to do
so.
Is
the U.S. now in its Greek-Italian phase? Will it take a U.S. market meltdown to
convince Washington of the seriousness of the situation?
Here
we are, after months of squabbling, with the drop-dead date of August 2 for
raising the debt ceiling only two weeks away. This week both Moody’s and
Standard & Poor’s put U.S. debt on ‘credit watch’ for a possible down-grade
from its coveted triple-A credit rating, due to the lack of progress in
Washington. If it were to take place it would be the first downgrade of U.S.
debt since ratings began in 1917.
The
most likely scenario is a last-minute, cobbled together agreement that neither
side likes, which could be announced at any time, perhaps even by the time you
read this.
However,
the risk of a downgrade is there. Standard & Poor’s puts the odds at 50%.
As
Bloomberg News puts it, “Both the Republicans wanting to replace President
Obama, and Democrats seeking the best way to re-elect him, have emerged as
obstacles to agreement on raising the government’s debt limit. Republican
presidential candidates and Democratic activists alike are using the debate to
sharpen their political messages and appeal to core voters. . . both parties
set in concrete on what they believe their base has to have.”
Damage
has already been done, by creating a global impression that the world’s largest
economy, which professes to still be a shining example for the rest of the
world, is as inept as the most backward banana-republic in dealing with
problems in a rational way.
It’s
particularly frustrating with the economic recovery stalling again, to see
Washington still so selfishly playing party politics, taking the country’s
future so close to the brink of the unknown. Experts around the world are
warning that the consequences of even a brief ‘technical default’ by the U.S.
are dangerously unknown, and at the least could seriously affect confidence in
U.S. debt and the dollar for some time to come.
Meanwhile,
the Federal Reserve and Wall Street are assuring us that the economic slowdown
in the first half of the year was temporary, that the current quarter and
second half will see a robust recovery.
But
the economic reports continue to get worse, and the conditions causing the
worsening numbers continue to deteriorate. Last week’s terrible jobs report for
June should have left no doubt that the slowdown will continue this month. And
the reports released this week confirm that trend. The National Federation of
Independent Businesses reported that its Small Business Confidence Index fell
to 90.8 in June, which the NFIB says is “solidly in recession territory”. On
Friday, the University of Michigan’s closely watched Consumer Sentiment Index
was released and plunged from 71.5 in June to 63.8 this month, its lowest level
in more than two years.
Since
consumer spending accounts for 80% of the economy, that continuing decline in
consumer confidence alone is a scary trend, and it will not be helped by
Washington carrying the country to the brink of the first ever downgrade of its
credit rating.
I’ve
been predicting a significant stock market correction this summer, not a bear
market, but a decline of 18% or so on the S&P 500 that will force the Fed
to come in with some type of QE3 stimulus in the fall, which in turn will
create the typical positive market in the market’s favorable season next
winter.
But
I assumed a timely agreement on raising the debt ceiling, and have not factored
in the unknown additional negative if the dangerous foolishness in Washington
continues to the brink or beyond.
Let’s
hope some sense of the reality comes into the situation quickly.
In
the interest of full disclosure, I and my subscribers took our previous profits
from bonds and our downside positions against the stock market when the recent
snap-back rally began, but have repositioned for a resumption of the
correction, with initial positions in the iShares 20-year bond etf, symbol TLT,
the ProShares Short S&P 500 etf, symbol SH, and the ProShares Short Russell
2000 etf, symbol RWM.’
World
Bank chief blames Barack Obama for Doha trade talks deadlock Larry Elliott
Gold
soars above $1,600 per ounce for first time AFP
Were
America’s Assets Looted Years Ago? Washington’s
Blog
National / World
Debt
Ceiling Drama Ron Paul
News of the World phone-hacking whistleblower found dead London Guardian
Gold
Breaks Record Kurt Nimmo
Two Examples of Fascism Run by Banks Ethan Jacobs
Social Media Targeted by Pentagon for “Strategic
Communication” Daniel Taylor
Default ‘Off the Table,’ Debt Deal Will Be Struck:
Geithner CNBC.com
Moody’s suggests U.S. eliminate debt ceiling Reuters
Bohemian Grove 2011 Cremation Of Care Interviews YouTube
Ventura Threatens To Vacate US Over TSA Groping Paul Joseph Watson
Ron Paul expands TV ad campaign to Nevada Raw Story
Crisis And Collapse Unfortunate but Inevitable Bob Chapman
Credit-rating
firms loom over debt debate Despite a behind-the-scenes campaign by the
White House to keep the nation’s major credit-ratings companies from
threatening to downgrade the U.S., the firms have issued default warnings
anyway. (Washington Post) [ Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan
Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were routinely
exposed by ‘italians’ in the new york d.a.’s office over the objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Gun-smuggling cartel figures possibly were paid FBI
informants LA Times
Ron Paul expands TV ad campaign to Nevada Raw Story
Is
There Anything We Are Still Free To Do Without Government Permission? American Dream
Mass psychosis in the US Aljazeera.net July 11, 2011
Obama
presses for debt deal President opens the door to a less ambitious
compromise to the looming debt-ceiling crisis. (Washington Post) [ Less
ambitious? As in ‘anything at all’ … as in something other than ‘nothing to
write home about’. Call
Obama’s bluff Republicans should force him to propose real tax reform. (Washington
Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the heck, sounds
good. But, propose ‘real tax reform’. I’d say, giving him the benefit of the
doubt, Mr. Krauthammer’s somewhat uncharacteristically in fantasy land. After
all, isn’t all of this part of the pre-election year game of ‘blind men’s
bluff’. Kind of like being between the proverbial ‘Iraq and a hard place’. I
mean, where were all these pricipled partisans when it could have counted; ie.,
Is a U.S. Default Inevitable? Patrick J. Buchanan
Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here except the punch line): ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
STEVE
WYNN UNLOADS ON OBAMA... (via Drudgereport) ‘…here's the crux of it:
I believe in Las Vegas. I think its best days are ahead of it. But
I'm afraid to do anything in the current political environment in the United
States. You watch television and see what's going on on this debt ceiling issue . And what I consider to be a total lack of
leadership from the President and nothing's going to get fixed until the
President himself steps up and wrangles both parties in Congress. But everybody
is so political, so focused on holding their job for the next year that the discussion
in Washington is nauseating.
And I'm saying it bluntly, that this administration is the greatest
wet blanket to business, and progress and job creation in my lifetime . And I can prove it and I could spend the next 3
hours giving you examples of all of us in this market place that are frightened
to death about all the new regulations, our healthcare costs escalate,
regulations coming from left and right. A President that seems, that keeps
using that word redistribution. Well, my customers and the companies that provide the vitality for
the hospitality and restaurant industry, in the United States of America, they
are frightened of this administration
You bet and until we change the tempo and the conversation from
Washington, it's not going to change. And those of us who have business
opportunities and the capital to do it are going to sit in fear of the
President. And a lot of people don't want to say that. They'll say, God, don't
be attacking Obama. Well, this is Obama's deal and it's Obama that's
responsible for this fear in America .
The guy keeps
making speeches about redistribution and maybe we ought to do something to
businesses that don't invest, their holding too much money. We haven't heard
that kind of talk except from pure socialists. Everybody's afraid of the
government and there's no need soft peddling it, it's the truth. It is the
truth. And that's true of Democratic businessman and Republican businessman,
and I am a Democratic businessman and I support Harry Reid. I support Democrats
and Republicans. And I'm telling you that the business community in this
company is frightened to death of the weird political philosophy of the
President of the United States. And until he's gone, everybody's going to be
sitting on their thumbs.
Later in the
call, he rants again about how hard it is to visit America (due to Homeland
Security and visa issues), and what that means for Chinese visitors.
http://www.businessinsider.com/wynn-ceo-steve-wynn-conference-call-transcript-obama-2011-7#ixzz1SVOWlB17
‘Carmageddon’
starts in L.A. A 10-mile stretch of
one of the nation’s busiest freeways is being closed for 53-hour construction.
(Washington Post) [ While it is true there is so much news of great consequence
worldwide, it seems at first blush somewhat remiss of me to be commenting on
what I deem to be a ‘non-story’. Yet, it is the very pervasive prominence of
this ‘non-story’ that compels me to comment here at the risk of appearing to
have fallen prey to this almost non-newsworthy obsession dubbed ‘carmageddon’.
Regionally based and presumably based on demographics / viewership this falls
within the bailiwick of that other indigenous ‘news-preoccupation’ which I’ve
never seen beyond the LA market; viz., the innumerable car chases which I have
literally seen occupying an entire newcast (30 / 60 minutes) to the exclusion
of all other news. I’m totally nonplused and at a loss to explain this which I
hope is still a very local phenomenon that defies rational explanation. IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know / feel it! …Stock futures, dollar falls; Moody’s warns U.S. Wed, 13 Jul 2011 Carla Mozee
(MarketWatch) — ‘U.S. stock index futures and the U.S. dollar fell Wednesday
evening after a ratings agency warned that it may cut its rating on U.S.
government debt…’
S&P threatens downgrade of U.S. financial companies
Top 3 Reasons Markets Were Up Despite Continuing Debt Ceiling
Impasse July 15, 2011 Wall St. Cheat Sheet ‘Markets
closed up on Wall Street today: Dow +0.35% , S&P +0.56% , Nasdaq +0.98% ,
Oil +1.82% , Gold +0.31% .
On the
commodities front, Oil made a reversal, climbing to $97.43, while
precious metals gained slightly, with Gold up to $1,594.20 an ounce and Silver
up 1.33% to $39.21 an ounce.
Don’t Miss: Why
Are Gold Prices Pushing Record Highs?
Today’s
markets were up because:
1) M&A
activity. With so much negative economic news — declining
consumer sentiment , Standard & Poor’s putting the U.S. on downgrade
watch , and the continuing impasse of debt ceiling talks — markets could
have easily been down again today. But in a rare feat, they were bolstered by
individual sectors and stocks. Clorox and Petrohawk deals
were responsible for huge NYSE gains .
2) Euro-bank
stress tests. The results of the stress tests for 90 European banks had
investors around the world on the edge of their seats, but ultimately the
results of the test held no real surprises and could have definitely been
worse. Only 8 of the banks failed, though another 16 narrowly passed. The eight
failing banks had a combined shortfall of 2.5 billion euros in capital under
the European Banking Authority’s worst-case economic scenario. Last year’s 7 failing banks had a combined shortfall of 3.5 billion
euros. Not only did this year’s failing banks fare better than last year’s, but
there were significantly fewer than expected. Estimates had the number near 20.
So while the results of the stress test might not be considered good news, they
most certainly aren’t bad, especially considering the failing banks are right
where one would expect them to be: 5 in Spain, 2 in Greece, and 1 in Austria.
3) Google. The
so-much-more-than-a-search-engine’s new social networking tool, Google+, has
already gained over 10 million users in just 2 weeks and is only one of many
reasons why Google’s latest earnings report throttled the company’s pared down
expectations. (See: “Here’s
Why Google+ Means Serious Money “) Net
income rose to $2.5 billion versus $1.84 billion in the same quarter a year
earlier, a 36.1% increase. The success of Android, which accounted for 40% of
smartphone sales this year is another reason for the great earnings report that
pushed up the company’s stock 13.34%, trading on a volume of 12.27 million
today where the 30-day average is only 3.01%. Google’s good fortune alone
comprised a good share of the Nasdaq’s gains today in an otherwise shaky day of
trading.’
See the film the “End the
Fed” crowd holds sancrosanct: The Money Masters http://www.themoneymasters.com
Return
of the Gold Standard as world order unravels London Telegraph
Why
Banks Aren’t Lending: The Silent Liquidity Squeeze Truthout
Inflation On the Rise Reuters
Gold
And Silver Likely To Go Parabolic Due To ‘Global Shockwaves’ If U.S. Defaults
Zero Hedge
Manufacturing
Gauge Slumps as Core Inflation Gains Reuters
US
Default Risk Jumps To Highest Since February 2010 On Debt Ceiling Worries Tyler Durden
The Fed, the
debt, Ron Paul and gold RT
Banks,
investors show no default leeway Obama administration officials have been
privately exploring with major banks and foreign investors whether the
government could devise a way to avoid a severe disruption in financial markets
if the federal debt ceiling is not raised. But the message back from the market
has been discouraging. (Washington Post) [ Oh yeah … major banks, foreign
investors, the so-called ‘market’, if you will, albeit manipulated; toward what
end? Oh riiiiight … the end. The point is, and this is an understatement,
they’ve been far less than brilliant. But they harken back to that ‘Gecko echo’
of ‘greed is good’ as their mantra and sine a quo non for their practiced
‘capitalism’; which, of course, differs in no way from the same creed of greed
practiced by the multitude of common criminals in pervasively corrupt america
particularly, and throughout the world generally. IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business Insider
Economic scenario far worse than expected (and in this pre-election year the
reality is still far worse than reported), yet stocks still rallied off lows to
keep suckers sucked in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys
time. Actually fixing the fiscal condition of Greece is not something that can
be solved in a matter of weeks, or even months… ‘ but
it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Bernanke
rejects debt-plan alternatives Fed chief urges Congress to come up with a
plan or risk a making “self-inflicted wound” to the economy. (Washington Post) [ And you really have to
admit, ‘no-recession-helicopter-ben-bs-bernanke’ knows a lot about
self-inflicted wounds. Sounds like a lot of self-serving posturing when you
take into account his ‘contribution’ to this egregious but not typical
Washington / american debacle. Bernanke:
Fed ‘prepared to respond’ The chairman raised the possibility of resuming
efforts to pump money into the economy. (Washington Post) [ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Think about this: short-lived Pavlov dog rally (the
conditioned stimulus) on hopes for more welfare for wall street and some good
results in communist China. This despite the previous failure of QE for
everyone but the frauds on wall street; and ultimately, though circumlocuted,
at great taxpayer expense. Titans of capitalism? How ‘bout the biggest
unprosecuted frauds in the world. Preposterous!
Fed
worried about unemployment (AP) ‘Fed officials at their last meeting
expressed concerns that the weakening job market might hold back the economic
recovery’. Duh! Ya think! They’ve done such a wonderful job ameliorating such
concern: A
Perfect Financial Storm? at Forbes Bert Dohmen ‘Surprise,
surprise! The bulls were shocked by the employment report on July 8.
Suddenly, all the talk of the past two weeks about much stronger economic
growth was put on ice and the two words, “double dip,” which was the headline
of my Wellington Letter two
months ago, are back … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
National / World
Secrets of the RAND CORP Exposed TheAlexJonesChannel
RT: Alex Jones on Bohemian Grove RT
Greenspan: Dumb Americans Deserve Unemployment Kurt Nimmo
NATO jets
violate Pakistani airspace Press TV
Federal Court Rules TSA Violated Law By Introducing Body
Scanners Steve Watson
Front Yard Gardener Faces New Charges Paul Joseph Watson
US debt crisis: Obama warns of ‘tax rise for all’ if deal
cannot be done London
Guardian
Greenspan: Dumb Americans Deserve Unemployment Kurt Nimmo
U.S. to recognize Libyan rebels as legitimate government Washington Post
NATO chief calls for more planes to bomb Libyan targets Reuters
S & P: America Could Default Even if Debt Ceiling is
Raised Washington’s Blog
France's Bruni confirms pregnant, won't reveal gender (or
paternity) or
Senate
works on framework to raise debt limit As a breakthrough in bipartisan
White House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy.
(Washington Post) [ Sounds like a plan!
Riiiiight! That framework thing … for the spending thing … with money they
don’t really have on things they don’t really need, ie., the perma wars (that
military inferiority complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy Italy
Italians voice concern over Italian debt crisis scenario (Washington Post) [
Whew! Close call! There you go. Nothing to worry about now that wobama’s got a
boehner … so not to be so hard on them; if pelosi says it, it must be true …
Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty
greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’,
we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like
Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was gone,
back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And the
cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america
also spends more on military than all the nations of the world combined... fed
employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included
in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ahmed
Wali Karzai killer was U.S. ally EXCLUSIVE | Afghan officials explore signs
that the Taliban convinced police commander to switch sides. (Washington Post)
[ For emphasis, let me reiterate at the outset that, ‘Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why’. ‘If
they can kill Ahmed Wali ...’ After the Afghan president’s powerful
half-brother death, leaders are re-examining their inner circles. (Washington
Post) [ Oh come on! Let’s not over-react here. After all, he was heavily
involved in the u.s. government / military protected illegal heroin trade; and,
with the mentally challenged cia, of all organizations, as his partners among
others in crime. Kind of like ‘Godfather 3’ (masterfully by Francis Ford
Coppola, starring Al Pacino) where all these psychotic italian mental cases are
‘whacking’ each other based on greed, paranoia, etc.. Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why. Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done
such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo Kurt Nimmo
Ahmad Wali Karzai , the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA .
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore , the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords .
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Panetta
shifts the viewpoint on U.S.-led wars The new Defense secretary makes it
clear he wants limits -- on military commanders, on allies' expectations and on
the U.S. defense budget -- to get off a permanent war footing. (LAT)[Sure could
have fooled us with his recent rhetoric, kind of like his ‘boss’,failed
president ‘wobama the b’ (for b***s***) Drudgereport: OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA) Hasn’t Panetta’s nose grown larger. Do you think he’s
related to puppet-master Geppetto and his line of Pinnochio puppets; Mr.
Pinnochietta. [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ (but greecy Italy Italians voice concern over Italian
debt crisis scenario (WP) [ Whew! Close call! Nothing to worry about now that
wobama’s got a boehner;so not to be so hard on them;if pelosi says it,it must
be true;Not!Pervasively corrupt,defacto bankrupt america,they,she look pretty
greecey. After all,if the same’s wobama’s ‘far-reaching plan on debt’, we know
‘wobama the b’ is total b***s*** which means like Greecey PIIGS they’ll be back
to the trough for more … slop … py! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J. Buchanan
Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here) except the punch line: ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to recommend
it. My own direct experience with the region(s) (particularly new jersey, new
york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
15 Examples That Show Many Americans Have Become So
Desperate That They Will Do Just About Anything For Money The
Economic Collapse
July 14, 2011 ‘More Americans
than ever are desperate for money and many of them will do just about anything
to get it. The crumbling U.S. economy has pushed millions of ordinary
Americans to the brink of utter desperation. When it comes time to choose
between being able to survive or breaking the law, many people are choosing to
break the law. These days it seems like Americans will do just about
anything for money. All over the country, there are areas where just
about anything that is not bolted down is being stolen. A lot of people
have resorted to making money however they can – selling drugs, selling their bodies,
shoplifting, invading homes, taking bribes, running credit card scams and even
stealing from their own family members. You will have a hard time
believing some of the things that you are about to read below. When
people have their backs pushed up against the wall, often they find that they
are willing to do things that they never imagined that they would do.
Things are getting crazy out there on the streets of America, and as the
economy continues to decline things are going to get a lot crazier.
The following
are 15 examples that show many Americans have become so desperate that they
will do just about anything for money….
#1 In Utah, one unemployed 28 year old man is offering
to be “human prey” for hunters for the bargain price
of $10,000 . For an additional $2,000, he will let people hunt him
down while he is running around naked.
#2 The Huffington Post is
reporting that there has been an epidemic of air conditioning thefts all
over the United States….
Across the
country, in states like Illinois, Texas, Arizona, Georgia and Florida, there
have been reports of thieves stealing unsecured air conditioning units weighing
as much as 125 pounds.
#3
In Corpus Christi, Texas thieves have actually been breaking into funeral
homes in order to steal
the embalming fluid .
#4 Even police officers are committing desperate acts
these days. Just check out what one police officer in Chicago is charged with doing ….
A Chicago
Police officer stole $50,000 from his ailing elderly father to pay off his
bills and gambling debts and unsuccessfully attempted to swipe his dad’s
retirement savings by impersonating him
#5
Nothing is off limits to thieves these days. Criminals recently broke
into a southwest Atlanta beauty supply store and took
off with $30,000 in hair extensions .
#6
In another area of Atlanta ,
thieves have been breaking down walls and busting bathroom fixtures with
sledgehammers in order to get their hands on copper, brass and steel….
Kids in two
Atlanta communities won’t have their neighborhood pools to help beat the summer
heat, at least for now. Thieves used what is believed to be sledge hammers to
bust walls and break fixtures in bathrooms at Adams and South Bend parks to
steal copper, brass and steel.
#7
One grandmother in Florida has been accused of trying to sell her newborn
grandson for $75,000 .
#8
In Antioch, California a total of approximately 300 power poles were recently
knocked down by thieves and stripped of their copper wiring.
#9 In Minnesota recently, a mob of teen girls brutally
pummeled a mother and her two daughters until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#10 In Asheville, North Carolina thieves recently took
off with 4 metal tables and
16 metal chairs that were sitting outside a pizzeria.
#11 In Florida, thieves have actually been
stealing storm drain covers .
#12 In Oregon, thieves recently broke into a Salvation
Army community center and stole 3 large air conditioning units .
Now all the people that come to that facility for help and for community
programs this summer will be absolutely sweltering.
#13 In the Cleveland area, two young boys that had set
up a lemonade standwere robbed in broad
daylight . The crooks got away with approximately 12 dollars.
#14 In Oklahoma, thieves recently broke into a church
and stole “arts
and crafts supplies meant to help teach bible stories to children “.
#15 A 59 year old man from North Carolina named Richard
James Verone was so desperate for money that he actually robbed a bank and got caught on
purpose so that he could be put in prison and be given free health care.
One day Verone
walked into an RBC Bank in North Carolina, handed a clerk a note demanding
exactly one dollar and sat down and waited for the police to arrive and arrest
him.
Verone has a
growth on his chest and two ruptured disks but he does not have any health
insurance. He is hoping that in prison he will get the medical treatment
that he needs.
As society
continues to unravel, prison is going to look like an appealing option for more
and more people.
At least in
prison you get fed, you have a roof over your head and they will take care of
your medical needs.
For a whole
lot of Americans, that would be a major step up.
Have you
noticed that the thin veneer of civilization that we all take for granted is
starting to disappear?
America is
becoming a cold, cruel place and lawlessness is everywhere.
For many more
signs that our society is starting to crumble, please see these two articles….
*”18 Signs The Collapse
Of Society Is Accelerating ”
*”12 More Signs That Society Is
Collapsing ”
For ages,
Americans have looked down on the crime and the depravity that goes on in other
areas of the world.
Well, now America
has all of the crime and depravity it can handle and it is going to get a lot
worse as millions of formerly middle class Americans descend into poverty.
A regular
commenter on my website who identifies himself as “El Pollo de Oro” recently
described the kind of chaos that he believes is coming to the streets of
America….
I live in
Philadelphia, a city that used to have a ton of blue-collar manufacturing jobs
as well as a great deal of white-collar employment, but the blue-collar
manufacturing jobs have disappeared–and on the white-collar side, a college
degree isn’t necessarily the ticket to prosperity it once was. Philly has its
share of nasty, dangerous ghetto areas as well as ritzy, upscale areas like
Rittenhouse Square. But then, there are parts of Mexico City that look like
Beverly Hills except that the signs are en espańol. A minority of Chilangos are
filthy rich, which is what you expect in a Third World country: an uber-rich
minority and a poor majority. And when The Banana Republic of America (formerly
the USA) signed on for globalism and ignored Ross Perot’s warning, it opted to
become a Third World country—which means that you can kiss the American middle
class goodbye.
But there will
be some growth industries in The Banana Republic of America: kidnapping, drug
smuggling, murder for hire, carjacking, armed robbery. And if you want a taste
of what life will be like in American cities in the future, just spend a few
weeks in Guatemala City, Johannesburg or Caracas—all of which have the type of
horrible crime rates that BRA cities can look forward to in the future.
Desperate people do desperate things, and hardcore desperation will be in the
norm in the BRA. It won’t be fun (unless, of course, being robbed at gunpoint
in broad daylight is one’s idea of a good time).
Welcome to life
in a rotting, decaying Third World hellhole. Welcome to the collapse of the
Roman Empire. Welcome to life in The Banana Republic of America, formerly the
USA.
America is changing. The safe, secure
environment that we all used to take for granted is dying. The number of
truly desperate people rises by the day, and many of those desperate people are
willing to do just about anything for money.
The United States used to have a thriving middle
class, but our economic system has been so manipulated over the decades that
now almost all of the economic rewards go to the very top of the food chain.
25 years ago, the wealthiest 12 percent of all
Americans controlled 33 percent of all the wealth. Today, the wealthiest
1 percent of all Americans control 40 percent of all the
wealth.
In the United States today, we are actually
witnessing the death of the middle class .
Our jobs have been shipped overseas ,
the banks have enslaved us to debt, the government keeps finding more ways to tax
us and the Federal Reserve keeps debasing our currency.
Everywhere you go, despair is in the air.
According to a brand new Reuters/Ipsos poll, 63 percent of Americans believe that the
nation is on the wrong track.
Fortunately, many Americans are responding to these
signs of trouble by preparing.
One local Oklahoma newspaper
recently did an article that profiled a few of the growing number of Americans
that are preparing for hard times….
Rod and
Lauretta Smith estimate they could survive a year without going to the grocery
store.
A large garden
on their 5-acre property in south Tulsa produces hundreds of quarts of canned
and frozen beans, tomatoes and other vegetables. Chickens provide eggs.
The Smiths are
among a small but growing number of people stocking up on food to become more
self-reliant in a time marked by natural disasters and economic uncertainty.
The truth is that all of us should try to become less
dependent on the system. The Democrats, the Republicans, the Federal
Reserve and the big corporations are not there to help you. They are not
going to come riding to the rescue if you lose your job and your home.
We all need to do what we can to become more
independent and to prepare ourselves and our families for the incredibly
difficult economic times that are inevitably coming. Those that have
faith that their jobs will always be there or that the government will always
take care of them will be deeply disappointed.
The system is dying and society is coming apart.
The only rational thing to do is to prepare for what
is coming.’
IMF
on Greece: ‘No room for slippage’
Even slight problems with timing of reforms are likely to push the
country’s debts to “unsustainable” levels.
(Washington Post) [ Slippage?
With all that ‘grease’ all over, how can that be avoided? Let’s get real! (CNBC) ‘… And it is not just Greece. After Greece is
dealt with, the eurozone must deal with Ireland and Portugal. And the market is
increasingly suggesting there is more risk there than the area can handle. Look
at the graph below, which shows the steady rise of interest rates for Ireland
and Portugal. This looks like Greece not so long ago. And Portugal now has
higher rates than Ireland. This means that both countries are effectively cut
out of the private market. (www.ifr.com ) http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%206.jpg
Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out …’ Up to 15 years needed to fix Greece: German president Reuters (Washington Post) [ Yeah, dem’ darn
PIIGS. Reminds me of that joke (I won’t
repeat it hereexcept the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Geithner says hard times to continue for many [ But not for his
frauds on wall street for whom everyone’s expected to keep sacrificing; and,
ultimately their negative churn-and-earn in real economic terms has to come
from some place, ie., you, yours, main street, etc., and has manifested in the
QE’s, etc.. Well, there you have it. The product of his, wobama et als’
policies; viz., unhappy days are here again’ or, hard times for most are here
to stay, or, you get the picture, your pain their gain. ] Moody's puts U.S. ratings on review for downgrade
Our
Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Top 3 Reasons Markets Were Down After Bernanke Recanted July 14, 2011 Wall St Cheat Sheet ‘Markets
closed down on Wall Street today: Dow -0.44% , S&P -0.68% , Nasdaq -1.22% ,
Oil -2.15% , Gold +0.03% .
On the
commodities front, Oil fell to $95.94, while precious metals gained
slightly, with Gold up to $1,586.00 an ounce and Silver up 0.84% to $38.47 an
ounce.
Today’s
markets were down because:
1) No QE3?
While Bernanke seemed to hint at the possibility of a third round of
quantitative easing when addressing Congress yesterday, now he’s backing off , saying that the issue is “more complex” than
before QE2, and that the Fed is “not prepared at this point to take further
action.”
2) Techs,
Transports, and Cyclicals . While the Dow and S&P hovered close yesterday’s
closing figures, the Nasdaq dropped off more than 1%, with transports down 1.3% and industrials like Alcoa , Dupont , and 3M some
of the day’s worst performers. The cyclical and leading-edge sectors also did
poorly today. S&P industrials were down 0.7%, as was the S&P’s tech
sector. The S&P Small-Cap 600 was down 1.2%.
3) Downgrade
watch. Wednesday evening, Moody’s put the U.S.
on the watchlist for a possible credit rating downgrade , citing the “rising
possibility” that Congress won’t reach a deal to raise the debt ceiling on
time, triggering a selective default on government obligations. After American
investors have watched European stocks and American stocks tank every time a
relatively small Euro-Zone country gets downgraded by a ratings service, the
possibility that government of the country with the world’s largest economy
could be downgraded definitely has people scared. Hopefully after Obama’s
meetings with congressional leaders today and tomorrow, we’ll be privy to some
brighter news and see the markets rally like they did last week.’
Ben
Bernanke: Answers I Would Really Like to Know... at Minyanville
China, Wall Street pile pressure on US debt talks [ China?
Fraudulent wall street? Somehow this seems vaguely odd and doesn’t pass the
smell test for reasons difficult to put one’s finger on. ]
QE3
Off? Bernanke Says Fed Not Prepared To Take Action At This Point Zero Hedge
U.S.
national debt: dancing on the brink of a world crisis Andrei Fedyashin
New
Brown University Report Pegs The Real Cost Of Current Wars At $4 Trillion The Daily Bail
AAA
at Risk? ‘Moody’s got no clue, US downgrade long overdue’ RT
US
Rating Close to ‘Junk’: Independent Strategist CNBC.com
Fed
Chairman Bernanke Says “Gold Is Not Money” … But His Predecessor Alan Greenspan
Disagrees Washington’s Blog
Quantitative
Easing Rounds 1 and 2 Hurt the Economy … Bernanke Proposes Round 3 Washington’s Blog
National / World
Barack
Obama, Cop Killer TheAlexJonesChannel Obama
on high ground But Cantor could still bring him down. (Washington Post) [
High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here) except the punch line: ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ron Paul Blasts GOP Establishment In Dramatic First
Campaign Video Steve Watson
Rumsfeld Gets His Junk Touched Kurt Nimmo
Obama Walkout Linked To Debt Panic Ploy? Paul Joseph Watson
The Petulant Teleprompter: Obama “Abruptly” Walks Out Of
Debt Negotiations Tyler
Durden
Will the U.S. Default On Its Debt … Even If It Raises the
Debt Ceiling? Washington’s
Blog
Living in
and Through The Poison Century Janet
C. Phelan
Fluoride
consumption leads to brain damage, says study Ethan A. Huff
Cellphones, Cancer
and Infertility Foxnews.com
42%
of Britons will get cancer, statistics show London Guardian
CNN exposes ‘terror expert’ as a fraud Raw Story
Obama Walkout Linked To Debt Panic Ploy? Paul Joseph Watson
How Globalism Has Destroyed Our Jobs, Businesses And
National Wealth In 10 Easy Steps The American Dream
Will the U.S. Default On Its Debt … Even If It Raises the
Debt Ceiling? Washington’s
Blog
Libya:
Col Gaddafi has ‘suicide plan’ to blow up Tripoli London Telegraph |
Arab
world’s ratings of Obama, US plummet: poll AFP
Libyan
rebels looted and beat civilians, rights group says CNN
’1,108 Libyans
killed in NATO attacks’ Press TV
U.S. Used
Strategic Bombers Against Libya cryptogon.com
Pentagon loses 24,000 classified files in massive hacking breach
Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘If
they can kill Ahmed Wali ...’ After the Afghan president’s powerful half-brother
death, leaders are re-examining their inner circles. (Washington Post) [ Oh
come on! Let’s not over-react here. After all, he was heavily involved in the
u.s. government / military protected illegal heroin trade; and, with the
mentally challenged cia, of all organizations, as his partners among others in
crime. Kind of like ‘Godfather 3’ (masterfully by Francis Ford Coppola,
starring Al Pacino) where all these psychotic italian mental cases are
‘whacking’ each other based on greed, paranoia, etc.. Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why. Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done such
a great job helping with america’s surging heroin production, distribution,
trade in Afghanistan; you know, one of pervasively corrupt, defacto bankrupt
america’s raison d’etres for being in Afghanistan. Yet, this is even a bigger
plus for the Taliban who had all but eradicated the opium trade and the
attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo Kurt Nimmo
Ahmad Wali Karzai , the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA .
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore , the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords .
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Panetta
shifts the viewpoint on U.S.-led wars The new Defense secretary makes it
clear he wants limits -- on military commanders, on allies' expectations and on
the U.S. defense budget -- to get off a permanent war footing. (LAT)[Sure could
have fooled us with his recent rhetoric, kind of like his ‘boss’,failed
president ‘wobama the b’ (for b***s***) Drudgereport: OBAMA: LET'S STAY IN IRAQ... FLASHBACK: 'I intend to
remove all U.S. troops from Iraq by the end of 2011'... REPORT: U.S. Air Force, Navy
still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA) Hasn’t Panetta’s nose grown larger. Do you think he’s
related to puppet-master Geppetto and his line of Pinnochio puppets; Mr.
Pinnochietta. [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ (but greecy Italy Italians voice concern over Italian
debt crisis scenario (WP) [ Whew! Close call! Nothing to worry about now that
wobama’s got a boehner;so not to be so hard on them;if pelosi says it,it must
be true;Not!Pervasively corrupt,defacto bankrupt america,they,she look pretty
greecey. After all,if the same’s wobama’s ‘far-reaching plan on debt’, we know
‘wobama the b’ is total b***s*** which means like Greecey PIIGS they’ll be back
to the trough for more … slop … py! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Boy
sells kidney to buy iPad, now regrets decision as his health wanes
Natural News | Some people will do anything to obtain the latest
Apple technology, which apparently includes selling their vital organs.
U.S.
trade gap unexpectedly widens The trade deficit widened in May to the
highest level in almost three years on jump in oil imports.(Washington Post) [
Indeed! But unexpectedly? Hardly. Debasing a nation’s currency as has been done
here in pervasively corrupt, defacto bankrupt america for the sake of the
frauds on wall street tends to have that effect on oil, commodities, as well as
those ever more worthless paper stocks, except as measured by other than
defacto bankrupt america’s ever more worthless paper currency. In other words,
it takes more ever more worthless over-printed/created paper currency for each
hard asset (ie., precious metals, barrels of oil, and unfortunately owing to a
more amorphous and hence, ripe for fraud valuation process, those churned paper
stocks on fraudulent wall street. Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall street.
No, there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Morgan Stanley studies thousands of layoffs: report
Top 3 Reasons Markets Were Up After Bernanke Addressed Congress Wall St Cheat
Sheet July 13, 2011
‘
Today’s
markets were up because:
1) China’s
GDP. Investors in the western world awoke to news that the world’s
second-largest economy grew at an annually adjusted rate of 9.5% between April
and June. China’s size and exploding consumption make it a huge player in the
global market. Just as an example, strong
demand in China for luxury vehicles has helped prop up sales for automakers
like BMW (ETR:BMW) and Volkswagen (Other OTC:VLKAY.PK ), both of which expect
to make record sales in 2011. Today’s numbers also helped propel rare
earth stocks Molycorp , Avalon Rare Metals , Thompson Creek Metals ,
General Moly Inc. , PolyMet Mining corp. , and Freeport-McMoRan Copper &
Gold Inc. .
2) QE3.
Markets have been down for the last three sessions as the public keeps getting
hammered by reports of slowing economic growth. But today’s markets took a turn
when the Fed
released a report saying that they expect the pace of the economic recovery
to pick up in the second half of the year, and if it doesn’t, they haven’t
ruled out a third round of quantitative easing, should it become necessary. The
country breathed a collective sigh of relief, which was followed by the ka-CHING
3) Congress
gets its act together . As I write, President Obama is currently meeting with
Democratic and Republican leaders of Congress to discuss raising the debt ceiling . Late Tuesday, Senate
Republican Mitch McConnell suggested a plan that would allow Obama to raise the
debt ceiling on his own. Even more astonishing than the proposal was that it
had bi-partisan backing, with Democrat and Senate Majority Leader Harry Reid
agreeing that the deal could help solve the current impasse in
deficit-reduction discussions…’
Count
On UPS To Deliver To $80 at Forbes [
UPS is one of those rare, well-managed exceptions in pervasively corrupt,
defacto bankrupt america that does indeed deliver! ]
Minyanville's
T3 Daily Recap: Market Erases Early Bernanke-Induced Gains at Minyanville Congress commodities
What's
Next for Gold After New All-Time Highs? at Minyanville
Stock
ETF Rally Fizzles; Moody’s Says U.S. Bond Rating Under Review ETF [email protected] (Tom Lydon), July 13,
2011, 5:26 pm ‘ Stock exchange
traded funds faded Wednesday after a morning rally but the real bombshell was
dropped on markets after the closing bell when Moody’s said it is reviewing its
Aaa rating on U.S. government bonds.
Moody’s said
it placed the rating on review for possible downgrade on concerns a deal on the
U.S. debt ceiling may not be reached in Washington.
“The review of
the U.S. government’s bond rating is prompted by the possibility that the debt
limit will not be raised in time to prevent a missed payment of interest or
principal on outstanding bonds and notes. As such, there is a small but rising
risk of a short-lived default,” the ratings agency said.
“Moody’s
considers the probability of a default on interest payments to be low but no
longer to be de minimis,” it added.
U.S. stock ETFs
closed well off their highs Wednesday as earlier gains fizzled after Federal
Reserve Chairman Ben Bernanke said the central bank stands ready to change
monetary policy in response to economic weakness.
Treasury ETFs
erased early losses and closed higher Wednesday. [Treasury ETFs Volatile on
‘QE3’ Talk]…’
Bernanke's
"Untested" Stimulus Strategies Are Destined to Fail at Minyanville
Dutch exposure to Greece and the other PIIGS countries: it
is time to end the bailout madness. | Ernst's Blog
Bernanke
Says Fed Would Consider New Stimulus Effort New York Times
Bernanke
Fights Ron Paul In Congress: ‘Gold Isn’t Money’ Forbes
Dollar
Falls as Fed Announces Possible QE3 Reuters
The next big hit to
the economy? The Lookout
James
Turk: “Gold Is Our Defense Against the Fiat Currency Graveyard” Chris Martenson
US
trade deficit widens to more than $50bn in May BBC
Tonight
Tens Of Thousands Of Formerly Middle Class Americans Will Be Sleeping In Their
Cars The Economic Collapse
Richard
Wolff: US is in serious trouble RT
Rating
Agency Wars 2: The New Evil Empire Strikes Back – Dagong Says Likely To
Downgrade US Even If Debt Limit Raised Tyler Durden
EU
declares war on agencies as Ireland’s rating gets junk status London Guardian
National / World
Senator: Obama Creating Panic To Push Through Debt Hike Paul Joseph Watson
Moody’s Puts USA On Credit Downgrade Watch CNBC IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know / feel it! ]
McConnell
calls for raising debt limit in steps Senate Republican leader offers to
give President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can finance
the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was gone,
back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And the
cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Rights Group Urges Congress To Scrap Privacy Busting
Internet Bill Steve Watson Mom Arrested After Refusing TSA Molestation of Daughter Kurt Nimmo Sen. Mitch McConnell is Killing The Republic TheAlexJonesChannel
Europe’s
debt crisis threatens Italy Sheer size of the world’s seventh-largest
economy could thwart any international attempt to bail it out. (Washington
Post) [ Yeah, dem’ darn PIIGS. Reminds
me of that joke (I won’t repeat it here) except the punch line: ‘That’s black
bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Vladimir Putin Calls Bernanke A Hooligan, Angry At
American Money Printing Tyler
Durden
Belfast
riots: More video of ‘Molotov cocktail’ battles in N. Ireland Russia Today
Three Blasts Reported
In Mumbai Business Insider
‘Stupid
Libya war doomed to fail as EU falling apart itself’ RT
US airstrike
kills 4 Afghan civilians A US airstrike has killed at least four civilians
in Kunar province in northeast Afghanistan.
Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American
officials say Afghan president’s half-brother had evolved from strongman to
influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause he’s done
such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo Kurt Nimmo
Ahmad Wali Karzai , the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA .
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore , the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The CIA
provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while
fighting against the Soviet-supported government and its plans to reform the
very backward Afghan society,” William Blum
writes in The Real Drug Lords .
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
A
Perfect Financial Storm? at Forbes Bert Dohmen ‘Surprise,
surprise! The bulls were shocked by the employment report on July 8.
Suddenly, all the talk of the past two weeks about much stronger economic
growth was put on ice and the two words, “double dip,” which was the headline
of my Wellington Letter two
months ago, are back.
One headline
on June 8 was “U.S. jobs growth ground to a near halt in June.” Nonfarm
payrolls rose only 18,000 in June, the weakest since September. Yesterday, the
ADP report suggested about 150,000 new jobs, but the ADP numbers are very
unreliable. The unemployment rate climbed to a six-month high of 9.2 percent
from 9.1 percent in May. The number of job seekers in the labor force declined
by 270,000 to one of the lowest levels in over three decades. If it
hadn’t been for that, the unemployment rate would have been higher.
All of this
was entirely predictable since February when we warned of a sharp slowdown in
the economy, while Wall Street was talking about a good recovery. The reality
of a sharply decelerating economy can no longer be denied. There were
numerous clues several months ago. One was the fact that Federal corporate
income tax receipts plunged 31% in the first quarter of 2011 from a year
earlier. There is an excellent correlation between tax receipts and economic
growth.
Other clues
are the plunge in money velocity, no consumer credit growth, barely noticeable
business credit growth, and the erroneous “real” GDP numbers that overstate
actual growth because of faulty inflation measures.
You see,
“real,” inflation-adjusted GDP growth is already down 50% from the
optimistic Wall Street forecasts of early this year. But it’s actually much
worse. GDP numbers are inflated because of strong price increases that are not
reflected in the government’s inflation statistics. That’s not “growth.” If
actual inflation were deducted from nominal GDP, it would show that the economy
is already in recession.
The Institute
for Supply Management’s (ISM) factory index fell to 53.5 in May, the lowest
since September 2009. Do you remember the disastrous economy in 2009?
“Private employment” now is 2% below the level of ten years ago. Such a
long term job loss over 10 years is unprecedented, going back to 1890.
Our president
tells us that “he” has created 2 million jobs. The fact is that only 1.8
million of the 8.7 million jobs lost in the recession of 2007-2009 have been
regained. That’s a mere 20%. If that were a stock or the market, we would call
it a “dead cat bounce.”
The Empire
State survey of manufacturing conditions on June 15 reported a big drop to
minus 7.8 from a plus 11.9 the prior month. Here we are, tumbling downward, but
economists tell us of “how great it’s going to be later this year.”
This is not an
economic recovery, but a weak bounce. The problem for the economy is
Washington. The great uncertainty produced by a never-ending avalanche of new
regulations, programs and proposals puts small business people in a position of
inaction. The only solution to the economic malaise is jobs, jobs, jobs. But
the greatest employers, small businesses, have no reason to hire.
The problem in
Washington is that there are too many so-called “lawmakers;” they “work” full
time, are in session every year, and are easy targets for all the goodies the
lobbyists pass out. They have been making laws for more than 200 years, and
they still aren’t done.
A New Credit
Crisis?
There is now a
convergence of huge credit problems:
1. Europe and
the sovereign debt of the PIIGS countries
2. China and
the imploding real estate bubble
3. The U.S.
with the debate of the debt ceiling and significant expenditure cuts
We could call
it a perfect financial storm.
Wishing you
capital preservation.’
Crude
Imports Spark New Growth in Trade Deficit Wall St. Cheat Sheet
Fed Is Still The Market's Friend, Thanks To A Weak Recovery Advisor
Intelligence/Forbes Kevin Mahn ‘Federal Reserve
Chairman Ben Bernanke announced late last month, during the second of the Fed’s
post-meeting press conferences, that Federal Reserve board members and Federal
Reserve Bank presidents have revised their economic growth forecasts for the
balance of 2011 and for 2012 and 2013 as well.
To be
specific, the Federal Reserve cut their forecasts for gross domestic product
(GDP), an often-used measure of growth in the U.S. economy, to a range of
2.7%-2.9% from a range of 3.1%-3.3% (which interestingly was also revised down
from a range of 3.4%-3.9% as recently as April 2011).
In addition
minutes of the Fed’s last meeting, released Tuesday, confirm that some Fed
officials stand ready to provide additional monetary stimulus if the recovery
continues to sputter.
Further, GDP
growth forecasts were lowered to a range of 3.3%-3.7% from a range of 3.5%-4.2%
in 2012 and to a range of 3.5%-4.2% from a range of 3.5%-4.3% in 2013.
The Federal
Reserve also adjusted their forecasts for unemployment and inflation, with both
forecasts adjusted upward for the balance of 2011 as well as for the calendar
years of 2012 and 2013.
http://blogs-images.forbes.com/investor/files/2011/06/washington-post_fed_june-2011-300x231.jpg
Source: Federal Reserve. The
Washington Post, “Federal Reserve, acknowledging slowdown, reins in forecast
for economic growth”
I was not
surprised by the revisions to the Federal Reserve forecasts as they reiterate
the numerous headwinds that currently face the stalling U.S. economic recovery.
Such headwinds can be found in the jobs, housing and commodities markets.
While Chairman
Bernanke indicated that “temporary factors are in part the reason for the
slowdown,” we can only hope that the effects of the cited headwinds are temporary
as these headwinds place further stress on already strained U.S. consumers
whose spending patterns are a critical component of a robust and sustainable
U.S. economic recovery.
Remember that
consumer spending currently accounts for approximately 70% of our nation’s GDP.
Hence, consumer spending and economic growth are highly correlated and when
Americans are uncertain about their household finances and start to rein in
their own spending, the U.S. economy, in turn, generally does not grow as much
as the following chart helps to illustrate.
http://blogs-images.forbes.com/investor/files/2011/06/the-atlantic_gdp-and-spending_april-2011-300x154.png
Source: Bureau of Economic Analysis. The Atlantic,”
Minyanville's T3 Daily Recap: Market Averts Disaster, but Sags
Late to Close Red ‘‘US markets closed in the red on
Tuesday after turning lower in the afternoon, but given the magnitude of
pre-market losses, today really amounts to a great escape for the bulls. S&P stocks Lululemon Athletica Inc. LULU Under Armour UA Abercrombie & Fitch ANF retailers Apple AAPL
Will the Second
Half of 2011 Be as Rocky as the First? ETFguide July 12, 2011,
Time flies. The 2011 calendar year is already half over, and
based on the main stream 2011 outlook, the market's performance surprised many.
I forgot just how bullish Wall Street and the media was when coming into 2011.
Look at the headlines below and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S.
stocks may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the
media with 20/20 hindsight is always a blast, but I must admit that I was too
chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various
support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com/images/PDNewsletter_Images/spx%20-%207%2012%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News ), industrials (NYSEArca: XLI - News ), materials (NYSEArca: XLB - News ), retail (NYSEArca: XRT - News ) and technology (NYSEArca: XLK - News ) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy
Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In fact
investor sentiment turned decisively bearish when the S&P clocked in at
1,259. The June 17 ETF Profit Strategy Newsletter summed the sentiment picture
up as follows: 'It's soo bad, it's good. We expect at the very least a relief
rally.'
This rally
came and frizzled away over the last three trading days. Can it last?
The
Presidential Election Cycle, which sports gang buster pre-elections year
performance, supports the idea of new highs later on in 2011. Naturally, the
incumbent President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans
designed to 'bribe' investors include maneuvers like releasing a portion of the
U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into
the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News ) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other
financial tricks include changing how the Consumer Price Index (CPI) is
calculated. Lawmakers are proposing to change the CPI methodology to include
changed spending patterns caused by price increase. For example, consumers tend
to drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News ) from banks (NYSEArca: KBE - News ) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it
always). But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected …’
Stocks fall after Ireland downgrade erases gains
Proper
Risk Assessment Exposes A Rally's True Character at Forbes William Scott O'Neil In our shop, trend-following is at the core
of our investing beliefs. We buy stocks when prices are trending up and sell or
sell short when prices are trending down. We also closely weigh the overall
balance between risk and reward in the market. Even though the last few weeks
have been the strongest short-term uptrend the market has had this year, my
optimism is guarded. The reason is risk.
Since the
beginning of the year, the risk factors have been piling up. When coupled with
the beginnings of a new downtrend back in June, I felt comfortable calling the
market top (See Is
the Bull Market Over?
This kind of
situation gives investors hope, and that hope can make them myopic. A strong
two weeks does not erase the persistent risk factors hanging over the market.
Aside from the factors discussed in my previous posts, here are some new
developments:
The market is trading near the upper end of
overhead resistance levels. For the uptrend to continue, we’d have to
clear this upper area of resistance, consolidate, and resume the uptrend
in a meaningful way. As we come out of that consolidation, it would
be very positive to see true conviction (volume) returning to the indexes. After studying the recovery phase of the last
seven major bear markets (those down 45% or more, peak to trough), the average
gain in year three was 3%. As we are now in year three, the best case scenario The only positive catalyst on the horizon is
earnings season. Earnings are projected to be, once again, very strong, (Alcoa
kicked off earnings season yesterday by hitting EPS expectations of 32
cents) but remember, last quarter’s earnings were excellent (by and
large), and the market was unable to lift and move higher. There is a lack of conviction on behalf of stock
buyers. The last eight up days in a row, with closes at the top of the
range on the NASDAQ, have been positive, but all of the up days have been
on volume less than the 50-day average volume. Several leading stocks have broken out of chart
patterns on lower volume. Results from these breakouts have been mixed,
and to me, the breakout failures cast doubt on a sustained uptrend. Many leading stocks are around their 52-week
highs, but they got there on mediocre volume. This underscores a lack of
conviction within this market environment. Significant market uptrends normally don’t start
in July (the peak of the summer doldrums). The market is still very sensitive to the news
of the day…’
Is
the Bull Market Over? (more accurately, bull cycle in a secular bear
market – answer: Yes!) William Scott
O'Neil ‘On May 23, I posted an article on Intelligent Investing titled Is
the Bull Market Topping?
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same
time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small
businesses. Small business creates roughly 85% of all jobs in this country. We
also have to implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very
We will
inevitably get several short-term bounces, but will they be significant enough
to build substantial positions over time?’
The next big hit to
the economy? The Lookout
Moody's downgrades Ireland debt to junk status
Trade gap surges to nearly 3-year high on oil
James
Turk: “Gold Is Our Defense Against the Fiat Currency Graveyard” Chris Martenson
US
trade deficit widens to more than $50bn in May BBC
Stocks open
sharply lower on global fears AP
Gold
In Euros At New Record As Fears Of European Contagion Get Worse Zero Hedge
A
Bad Mood Has Descended On World Financial Markets The Economic Collapse
Cisco To Fire 10,000
People Business Insider
An
Explanation Of What Is Really Going On Behind The Scenes As Rome Burns Tyler Durden
National / World
Less Than One Quarter Support Obama’s Libya Bombardment Steve Watson
Wikileaks’ Assange to Address 9/11 Conspiracy? Prison Planet Live
Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo
U.S. Drones Kill 45 In Pakistan; 2nd Highest Death Toll
Ever Business Insider
Mexican Outlaws Get Guns Via ATF Joseph Alan Sanchez
Less Than One Quarter Support Obama’s Libya Bombardment Steve Watson
Wikileaks’ Assange to Address 9/11 Conspiracy? Prison Planet Live
Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo Kurt Nimmo
Ahmad Wali Karzai , the half brother of Afghan president Hamid
Karzai, was assassinated by one of his own bodyguards Tuesday morning. Friend
and trusted head of security Sardar Mohammed shot him in the head and chest.
Mohammed was in turn shot and killed by fellow bodyguards. The Taliban claimed
responsibility for the assassination.
In 2009 it was
reported that Karzai was a major player in the Afghan opium trade. According to
reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali
Karzai also worked for the CIA .
“The
CIA has been complicit in the global drug trade for years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a report in Presscore , the
former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of all drugs produced in Afghanistan is
being shipped aboard US aircraft. Foreign diplomats have stated that the United
States military buy drugs from local Afghan drug lords who deal with field
commanders overseeing eradication of drug production,” states the report. The
CIA provides protection for the enterprise.
The CIA has been in the drug running business since
the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S. invaded Afghanistan, the Taliban had
imposed a ban on opium production. This resulted in opium production collapsing
by more than 90 per cent. It was the U.S. supported Northern Alliance that came
to the rescue and began protecting the production of raw opium.
“CIA-supported Mujahedeen rebels [who in 2001 were
part of the Northern Alliance] engaged heavily in drug trafficking while fighting
against the Soviet-supported government and its plans to reform the very
backward Afghan society,” William Blum writes in The
Real Drug Lords
In a Fox News report aired in April of 2010,
correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate media has provided propaganda for the
CIA’s drug business. “Curbing the Taliban’s multimillion dollar opium poppy
business was a major goal of a military operation to seize this former
insurgent stronghold,” the Associated Press reported in March of 2010. “If they
destroy the crops and curb the trade, they lose the support of the population —
a problem for which they have no easy solution.”
IN FACT, AS PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST ELIMINATED THE
CROP A DECADE AGO.’
Book:
Julian Assange Held Back Wikileaks About U.S., Israel Prison Planet Live
Indiana
latest US state to drop handwriting requirement BBC
US
Official: No Tangible Evidence at Hand to Prove Iran’s Aid to Iraqi Militants
Fars News Agency
Debt
talks emphasize parties’ differences
Talks between the president and congressional Republicans grew more
contentious, as GOP leaders flatly rejected tax increases as part of a
bipartisan agreement to restrain the nation’s mounting debt. (Washington Post)
[ Geithner
says hard times to continue for many
Panetta appears to link al-Qaeda presence with Iraq
invasion Washington Post
Panetta:
Al-Qaeda defeat near Afghan
guard fatally shoots NATO soldier (Washington Post) [ Riiiiight! And, you
can take that to america’s bankrupt treasury as we hear this same regurgitation
for the umpteenth time from california’s own pinyata pinhead panetta. The
problem with such an outlandish boast which of course is lost on ‘wobama the b’
(for b***s***)’s own pinyata is that you can’t defeat a good idea from their
legitimate perspective of resistance to tyranny/aggression. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless one
expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer)
is one of those typically with a ‘pre or post’ arrangement, whether implicit or
explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Europe’s
debt crisis sinks U.S. stocks
Markets fall sharply as investors fear crisis could spread from Greece
to larger countries like Italy and Spain. (Washington Post) [ If it was only
that, there’d be reason to cheer. I don’t even believe it’s really part that;
in that, this scenario was predicted even as the frauds on wall street latched
on to the spurious ‘wobama-like’ (b***s***) story that a
‘grecian formula’ was at hand so as to rally those computer-driven stock prices
for half / quarter / month end window dressing based as usual on fraud and
b***s*** alone to keep suckers sucked in to this suckin’ suckers market for
which the churn-and-earn is a net negative in real economic terms for everyone
but the frauds on wall street …IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business Insider
Economic scenario far worse than expected (and in this pre-election year the
reality is still far worse than reported), yet stocks still rallied off lows to
keep suckers sucked in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys
time. Actually fixing the fiscal condition of Greece is not something that can
be solved in a matter of weeks, or even months… ‘ but
it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how we
need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell
Milbank:
Boehner stuck in a bind (Washington
Post) [ Riiiiight! It seems that wobama apologist, Mr. Milbank is beginning to
share those ‘democrat wet dreams’; you know, the ones where republicans are all
tied up with nowhere to go; those perverse ‘bind and torture fantasies’. Never
mind that this pervasively corrupt nation is indeed defacto bankrupt, with few
real and realistic choices. The real ‘kicker’ here is the fact of this
‘pre-election year’ which complicates all candor and reality. Ultimately, owing
to wobama’s mendacity, it’s the nation that’s in the bind. Geithner
says hard times to continue for many
But not for his frauds on wall street for whom everyone’s expected to
keep sacrificing; and, ultimately their negative churn-and-earn in real
economic terms has to come from some place, ie., you, yours, main street, etc.,
and has manifested in the QE’s, etc.. Well, there you have it. The product of
his, wobama et als’ policies; viz., unhappy days are here again’ or, hard times
for most are here to stay, or, you get the picture, your pain their gain. Fed
Can Manipulate Markets, But Can't Reverse Economy at Minyanville Toby Connor Jul
11, 2011 ‘I believe that we have begun the topping process of this cyclical
bull market [ in this secular bear market ]. In a healthy market an
intermediate decline is a profit-taking event after a significant leg up. It
should hold well above the prior intermediate bottom. The decline into the June
low was not a profit-taking event. The market had not rallied long enough or
far enough to warrant an intermediate correction and certainly not one that
would test the March lows. The decline in May and June was the first shot
across the bow that something was wrong with the fundamentals driving this
market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG
Click
to enlarge
Obama
rules out short-term debt-ceiling deal Facing a bitter stalemate over how
to raise the federal borrowing limit, President Obama summoned
congressional leaders to a new round of talks and warned that he would not
accept a stopgap measure. (Washington Drudgereport: Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv Stocks
sink after bleak jobs report A much weaker-than-anticipated unemployment
report indicates that the economy is still struggling. (Washington Iraq The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business Insider
Economic scenario far worse than expected (and in this pre-election year the
reality is still far worse than reported), yet stocks still rallied off lows to
keep suckers sucked in to this fraudulent market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12
charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on
jersey-based, former Lautenberg ADP still paltry, better than expected 157,000
private jobs number and one’s got to wonder ‘who got paid’, one way or another,
for the fudge. Then there’s the horrific ‘american tech’. Retail? The defacto
bankrupt government’s probably buying with money they don’t have, at best; and,
as with other data in these desperate pre-election-year times, plain false,
falsified, fudged, spun. Previous day, all bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america
Obama
tries to keep his balance THE TAKE | The president must wring concessions
out of Republicans while reassuring his Democratic allies. (Washington Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke: ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible
knot'...
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... DEBT
TALKS BREAK DOWN... McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ... 'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS RUBIO:
Every Aspect of Life in America is Worse Since Obama Took Over... GE
Immelt lectures biz owners: 'Stop complaining about government'... FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR... Gunned
down in home by bodyguard... 'Huge
boost for Taliban'... Obama
'far apart' from Republicans on debt deal... Boehner:
Debt Deal Not Imminent... TORMENT
@ 9.2%
State
and local governments bleeding jobs... Top
Obama adviser says unemployment won't be key in '12 … (riiiiight!…talk about
wishful thinking and self-delusion)...
BUCHANAN:
DC Establishment 'in Panic'... SANTELLI:
'The answer is easy: Spend less!' Italy's
borrowing costs soar... Berlusconi appeals for national unity and 'sacrifices'...
New
Fears on Italy Jolt Europe... Soros:
Europeans now need 'plan B'...
Mob
Of Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! america uk uk ’s (eu, u.s. Prince Albert of Monaco Monaco BOEHNER:
Taxes 'off table'... Debt Talks Turn to Social Security Cuts... CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
Mullen
Accuses Tehran of Arming Iraq Militias… [
Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes
nation america which invaded based on known lies ] ...
LONDON
BRIDGES FALLING DOWN: Coulson 'to be arrested tomorrow'... Gov't
decision on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE:
Teen Dead After Beach Brawl... Wisc
beating victim: 'They just said "Oh, white girl bleeds a lot"'...
US
Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op... CA Prison Shrink Paid $838,706 Last Year... CA
companies flee state... No
recession for 454 White House aides: They'll make $37,121,463 this year... United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN... NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'... Attorney:
Case Was 'Media Assassination'... 'Now
you have learned a lesson'... CBS
host breaks down... 'TOT
MOM' CLEARED BY COURT...
JURY: NO MURDER! Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Bachmann:
Media wants 'to see two girls come together and have a mud wrestling
fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come
together’ sounds about right … playing ‘victim’ does not become a presidential
candidate. ] ...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of hate?"
palin asks … answer: resistance to someone as dumb and full of war-mongering
hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire... 'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON... 'What
happened?' But
he gets to keep his hair... Fitz
finally wins one!
GUILTY
IN CHICAGOLAND... 17
of 20 counts... Tried
To Sell Obama's senate seat... Jury
DEADLOCKED on Rahm shakedown... Blago
to lawyer: 'What happened?' 'Stunned'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY: State,
local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington [ Let’s not kid ourselves … and, Dodi
Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental
that William’s the over-riding favorite of granny Liz II; after all, Harry’s
the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy
– you know, that ‘bloodline thing’). Moreover, it was reported that Diana had
another ‘potential challenger in the oven’ at the time of her death and we all
know how dicey such english affairs of state can be (ie., Henry VIII, Richard
III, etc.). Then there’s the contempt of Diana for having brought the son of
her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of
a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some
substantial therapy to sort out this looming conflict. After all, Diana was his
mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ] Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's T3 Daily Recap: Italian debt worries take US
markets lower ‘US
markets saw a sell-off with the SPDR S&P ETF (SPY stocks LNKD AAPL LULU NFLX data US GLD SLV currency WLT AKS AA earnings OXY RRC MOS RENN DANG SINA C Europe
among US banks.
Nasdaq 2802.62 (-2.00%)
NYSE 8228.73 (-2.16%)
AMEX 2377.48 (-1.85%)
S&P 500 1319.49 (-1.81%) US Oil Fund 37.29 (-1.35%)
USD EUR CAD MXN
1 USD= 1.000 0.712 0.969 11.747
1 EUR= 1.405 1.000 1.361 16.501
1 CAD= 1.032 0.735 1.000 12.127
1 MXN= 0.085
0.061 0.082 1.000
Retirees
Should Have More Annuities, Fewer Stocks Equities
should be no more than 25% of your portfolio, says Robert Powell.
Large
Banks Responsible for Mortgage Disaster Might Be Able to Buy Immunity for $30
Billion cryptogon.com
Whatever
Happens, Commodities Win: Jim Rogers CNBC
What An
American Bank Run Would Look Like Tyler
Durden
EU
calls emergency meeting as crisis stalks Italy Reuters
Stocks open
sharply lower on global fears AP
Uh
Oh – Italy Is Coming Apart Like A 20 Dollar Suit The Economic Collapse
Geithner:
“[For A Lot of People] It’s Going to Feel Very Hard, Harder than Anything
They’ve Experienced in Their Lifetime Now, For a Long Time to Come” Washington’s
Blog
U.S.
Must Borrow Another $5,240 Per Household Just to Fund Gov’t at Current Level
Through Sept. 30 CNS News
Geithner:
Americans will face hard times for a long time to come Washington ’s Blog
Stocks
sink after bleak jobs report A much weaker-than-anticipated unemployment
report indicates that the economy is still struggling. (Washington Iraq The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business Insider Economic scenario far worse than expected
(and in this pre-election year the reality is still far worse than reported),
yet stocks still rallied off lows to keep suckers sucked in to this fraudulent
market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on jersey-based, former Lautenberg ADP still paltry,
better than expected 157,000 private jobs number and one’s got to wonder ‘who
got paid’, one way or another, for the fudge. Then there’s the horrific
‘american tech’. Retail? The defacto bankrupt government’s probably buying with
money they don’t have, at best; and, as with other data in these desperate
pre-election-year times, plain false, falsified, fudged, spun. Previous day,
all bad news … from eurozone (protugal, et als), to asia zone (china worse than
expected), to america
Previous, higher oil price rally, along with Netflix ‘technology rally’ … Don’t
make me laugh! … Total desperation on wall street and in Washington Foreclosure, distressed
sales up, at least on paper with contracts signed, so no surprise nor reason to
cheer here, as markets worldwide jump on the american crazy train for a
short-lived bounce as all problems remain. This is the same month end (and quarter,
half) spurt / window dressing based on b***s*** alone to keep the suckers
suckered and an especially great time to sell / take profits since there’s much
worse to come! Talk about milking the greek crisis for the umpteenth time a so-called
solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer
who says: Greece ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘Albert
Edwards: Thinks the Market Could Fall 70%’ PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Another
Financial Crisis Is On The Way, Mobius Says
Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning… STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay
off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of discretionary
spending to "fix" this (while continuing to spend $1Tn on the
military and $1Tn on tax cuts for the top 1% each year). There is no fixing
this and even a Republican said you can’t fool all of the people all of the
time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Watching A Flatlining
Economy Bob Chapman
National / World
Obama Campaigner Working For CNN As “Independent”
Contributor Steve Watson
Panetta Announces U.S. Plan to Attack Iraqi Shi’ite
Militias Kurt Nimmo
Panetta appears to link al-Qaeda presence with Iraq
invasion Washington Post | Defense Secretary Leon Panetta on Monday appeared to justify the U.S.
invasion of Iraq as part of the war against al-Qaeda. Panetta:
Al-Qaeda defeat near Afghan
guard fatally shoots NATO soldier (Washington Post) [ Riiiiight! And, you
can take that to america’s bankrupt treasury as we hear this same regurgitation
for the umpteenth time from california’s own pinyata pinhead panetta. The
problem with such an outlandish boast which of course is lost on ‘wobama the b’
(for b***s***)’s own pinyata is that you can’t defeat a good idea from their
legitimate perspective of resistance to tyranny/aggression. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that wobama’s
got a boehner … so not to be so hard on them; if pelosi says it, it must be
true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look
pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on
debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means
like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all of
the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc.,
are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
Leaders
pressured in debt talks Rank-and-file lawmakers from both parties issue a
warning: Don’t take my vote for granted. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (Washington Post) [Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py
… Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression.
Barton Biggs: U.S. needs massive public works program The U.S. needs to invest in a massive public works
program, and rich people and corporations should pay more taxes. Barton Biggs,
of Traxis Partners, shares his views with the Simon Constable.
Yes,
depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not
work. Won’t work in the future. Remember that 30-month recession after the
dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak,
Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.
And
what about the so-called Great Recession of the 2008 credit meltdown? Didn’t
work either. In fact, made matters worse: Wall Street got richer by stealing
from the other 98% of Americans, the middle class, the poor. And now their
conservative puppets in Washington want to make matters worse, widening the
wealth gap further to benefit the Super Rich.
Seems
nobody really gives a damn about our great nation any more. America’s now a
capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought
by high-priced lobbyists in a broken political system. America needs a 21-gun
wake-up call. Yes, that’s why America needs a Good Depression. The economy’s
bad now. But kicking the can down the road again will make matters much worse
later.
America’s leaders lost their moral compass, lack a
public conscience This
is not our first call for a Good Depression. As early as 2005 we began
reporting on excessive debt. In November 2007 we warned of a crash dead ahead.
The subprime credit meltdown had been accelerating for many months, although
for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s
“it’s under control.” Treasury Secretary Henry Paulson’s delusional “best
economy I’ve ever seen in my lifetime.”
In
August 2008 came the original of our seven reasons why America needs a Good
Depression. Yes August, just two months before Wall Street banks collapsed into
de facto bankruptcy, after many warnings predicting a crisis. This was no Black
Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine:
The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to
take over America:
“Nobody
should believe the overblown claims that the market crisis signals the death of
‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free
market ideology has always been a servant to the interests of capital, and its
presence ebbs and flows depending on its usefulness to those interests. During
boom times, it’s profitable to preach laissez faire, because an absentee
government allows speculative bubbles to inflate.”
But
“when those bubbles burst, the ideology becomes a hindrance, and it goes
dormant while big government rides to the rescue. But rest assured,” she
predicted, Reaganomics “ideology will come roaring back when the bailouts are
done. The massive debts the public is accumulating to bail out the speculators
will then become part of a global budget crisis that will be the
rationalization for deep cuts to social programs, and for a renewed push to
privatize.”
Totally predictable: No Black Swans in 2000, 2008 …
nor in 2012 Yes,
all was predictable: The events of the past few years were well known in
advance. In fact, the events of the entire decade were predictable. The rich
got richer off the backs of the middle class and the poor. Why? “There’s class
warfare all right,” warns Warren Buffett. “But it’s my class, the rich class,
that’s making war, and we’re winning.”
And
they are also blind and deaf to the havoc their free-market Reaganomics
policies are creating, selfishly undermining America, the world’s greatest
economic power.
Lessons
learned? Zero. Why? Wall Street, Washington and Corporate America are focused
on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets,
megabonuses, tax cuts. In good times they tout “free markets.” But when greed
bombs, they throw free-market “principles” under the Reagan Revolution bus and
unleash their mercenary lobbyists to go whining to Congress for huge taxpayer
bailouts and access at the Fed discount window, to siphon off more taxpayer
money. And they’ll do it again soon,
Wall
Street and their cronies are doing such a miserable job, America needs a new
strategy: First, stop “kicking the can down the road.” Let a good old-fashioned
Good Depression do the job that our hapless, happy-talking leaders refuse to
do. Take our medicine. Let a new depression clean house and reawaken Americans
to core values.
Trust
me folks, it’s either a Good Depression now … or a Great Depression 2. Here are
seven reasons favoring the do-it-now strategy:
1: Capitalism’s now a lethal soul sickness, needs a
reawakening What’s
the real problem? Not the economy, not markets, nor even politics. Yes, our
economic pains are real. But they’re just symptoms. Something’s structural
wrong. Since 2000 endless bad news: Greed, deceit, stupidity, corruption, unethical
behavior, lack of moral conscience.
The
real problem’s deep in our character, the “mutant capitalism” Jack Bogle warned
of in “The Battle for the Soul of Capitalism.” Sadly, that battle was lost.
With it we lost our soul, our moral compass. America’s character is measured by
our net worth.
2. We’re already in the early stages of a Great
Depression Comparing
today with the Great Depression is common sport. In a Newsweek special “Seeing
Shades of the 1930s,” Dan Gross wrote: “Wall Street, after two terms of a
business-friendly Republican president, self-immolated on a pyre of greed,
incompetence and excessive optimism.” Today’s “new normal” economy means high
unemployment for years, inflation driving prices, rising interest rates, more
debt, chaos.
We
are destroying ourselves from within. Former U.S. Comptroller General David
Walker warns that “there are striking similarities between America’s current
situation and that of another great power from the past: Rome.” Three reasons
“worth remembering: declining moral values and political civility at home, an
overconfident and overextended military in foreign lands, and fiscal
irresponsibility by the central government.” We are becoming more vulnerable to
external enemies.
3. Good Depression exposes our self-destruct
bubble-thinking Before
the 2008 crash, “Irrational Exuberance” author Robert Shiller warned in the
Atlantic magazine that “bubbles are primarily social phenomena. Until we
understand and address the psychology that fuels them, they’re going to keep
forming.” Housing inflated 85% in the decade: “Historically unprecedented … no
rational basis for it.”
Bubble
thinking is an toxic virus that infected everyone. Shiller warns of another
coming: “We recently lived through two epidemics of excessive financial
optimism … we are close to a third episode.”
4. Good Depression will stir outrage, force real
reforms Writing
in the Wall Street Journal, Jim Grant, editor of the Interest Rate Observer,
wrote: “Why No Outrage? Through history, outrageous financial behavior has been
met with outrage. But today Wall Street’s damaging recklessness has been met
with near-silence, from a too tolerant populace.” Grant worries that Wall
Street will run “itself and the rest of the American financial system right
over a cliff.”
But
we only went to the edge in 2008. Today, a rebellious “throw the bums out”
hostility is blowing a new kind of bubble: Three years ago we did not have Tea
Party, union fights, the Arab Spring and Greek austerity riots, all signs of an
dark angry future sweeping across America.
5. Good Depression forces Wall Street to think
outside the box In
a powerful Bloomberg Markets feature, “No Easy Fix,” we’re told Wall Street’s
“profit formula has hit a wall.” Their “money-making machine is broken and efforts
to repair it after the biggest losses in history are likely to undermine
profits.”
Even
Mad Money’s Jim Cramer openly admits hedge fund managers are pocketing
megaprofits at capital gains rates while laughing at the stupidity of a broken
political system that gives hundreds of billions in tax breaks to the richest,
then takes taxes off the table as our middle class is dying under massive
unsustainable deficits. Soon angry mobs will “fix” Wall Street.
6. Good Depression will deflate America’s warring
soul The
American economy is a “war economy” driven by a egomaniac. I saw it firsthand
as a U.S. Marine. Americans love being king of the hill, world’s cop, the
global superpower. Why else spend 54% of our tax dollars on a war machine, 47%
of the world’s total military budgets.
Why?
Our war machine generates such “spectacular profits that many people around the
world” are convinced America’s “rich and powerful must be deliberately causing
catastrophes so that they can exploit them,” warns Klein in “Shock Doctrine.”
No wonder the GOP takes military spending, like tax cuts for the rich,
off-the-table: The war industry is a major political donor.
7. Good Depression now … avoids a far bigger
depression later In
“The Price of Liberty: Paying for America’s Wars,” Robert Hormats,
undersecretary of state and a former Goldman Sachs vice chairman, traces
America’s wartime financing from the Revolutionary War to present wars. He
warns that today we’re “relying on faith over experience, hoping that sustained
growth will erase deficits and that the ballooning costs of Social Security,
Medicare and Medicaid will be manageable in the coming decades without
difficult reforms.”
Absent
a brutal reset, we are on a historically predictable course says Kevin
Phillips, Nixon strategist and author of “Wealth & Democracy:” “Most great
nations, at the peak of their economic power, become arrogant and wage great
world wars at great cost, wasting vast resources, taking on huge debt, and
ultimately burning themselves out.” Yes, burned out, unprepared.
So
pray for a Good Depression earlier rather than later. Choose now and we can be
prepared for whatever comes. Or a Great Depression will hit later, when we’re
least prepared, the problems bigger, our faith weaker … don’t raise the debt
ceiling.’
Gearing up at the Bohemian Grove THE PRESS DEMOCRAT
Up to 15 years needed to fix Greece: German president Reuters
TSA Chief Pistole Should Face Felony Charges For Lying to
Lawmakers Paul Joseph Watson
Humanity vs. the Rise of the Machines Infowars
TSA Lied to Lawmakers: Still Conducting Pat Downs on
Children Paul Joseph Watson
William
and Kate land in California (Washington THEY'RE
HERE! america uk uk ’s (eu, u.s. Prince Albert of Monaco Monaco Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington [ Let’s not kid ourselves … and,
Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not
coincidental that William’s the over-riding favorite of granny Liz II; after
all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which
they did buy – you know, that ‘bloodline thing’). Moreover, it was reported
that Diana had another ‘potential challenger in the oven’ at the time of her
death and we all know how dicey such english affairs of state can be (ie.,
Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having
brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill
Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William
will require some substantial therapy to sort out this looming conflict. After
all, Diana was his mother.
Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ] Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv
Fluoride
consumption leads to brain damage, says study Natural News
War
Declared on "War on Salt" at
Minyanville
NASA astronauts trial urine sports drink Sydney Morning Herald The crew of Atlantis, the final mission of
the US space shuttle program, are testing a urine recycling system developed by
NASA that is capable of turning astronauts' pee into a tasty sports drink. [
This story’s a ‘real pisser’! Yuk! ]
Senate
Dems draft debt-reduction plan Proposal would slice $4 trillion over the
next decade without touching expensive programs. (Washington Deficit
flip-flop Obama goes from do-nothing to demagogue. (Washington
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff ‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Drudgereport:
POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. LIBYA ) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan America Iraq Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new jersey , new york , virginia , connecticut , california ) carves out no exception for the prevalence of
the worst of human nature; which is now collectively and pervasively americana Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel ,
america , Orwellian england UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Jobs
report dulls economic outlook Data challenge the idea that economy was held
back by temporary factors that occurred in the first few months of 2011. (Washington The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business Insider Economic scenario far worse than expected
(and in this pre-election year the reality is still far worse than reported),
yet stocks still rallied off lows to keep suckers sucked in to this fraudulent
market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on jersey-based, former Lautenberg ADP still paltry,
better than expected 157,000 private jobs number and one’s got to wonder ‘who
got paid’, one way or another, for the fudge. Then there’s the horrific
‘american tech’. Retail? The defacto bankrupt government’s probably buying with
money they don’t have, at best; and, as with other data in these desperate
pre-election-year times, plain false, falsified, fudged, spun. Previous day, all
bad news … from eurozone (protugal, et als), to asia zone (china worse than
expected), to america
Previous, higher oil price rally, along with Netflix ‘technology rally’ … Don’t
make me laugh! … Total desperation on wall street and in Washington Foreclosure, distressed
sales up, at least on paper with contracts signed, so no surprise nor reason to
cheer here, as markets worldwide jump on the american crazy train for a
short-lived bounce as all problems remain. This is the same month end (and quarter,
half) spurt / window dressing based on b***s*** alone to keep the suckers
suckered and an especially great time to sell / take profits since there’s much
worse to come! Talk about milking the greek crisis for the umpteenth time a
so-called solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer
who says: Greece ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous
so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers
suckered and for ‘smarter money ‘ along with the frauds to sell into. This is
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the
contrived mideast turmoil and their wars to obfuscate and divert attention from
their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
[video]Anemic
Hiring Sparking Selling TheStreet.com
TV
Top 3 Reasons Markets Were Down After the BLS Jobs Report July 8, 2011 Wall St. Cheat Sheet ‘ Markets closed down on Wall Street today: Dow -0.49%
, S&P -0.70% , Nasdaq -0.45% , Oil -2.31% , Gold +0.85% .
On the
commodities front, Oil (NYSE:USO) made another reversal, falling back
down to $96.39 a barrel after yesterday’s $2 jump. Precious metals continued to
rise, with Gold (NYSE:GLD) up to $1,543.50 an ounce and Silver (NYSE:SLV) up
0.48% to $36.71 an ounce.
Today’s
markets were down because:
1) Jobs
report. Jobs report. Jobs report. Did I mention jobs report? The Bureau of
Labor Statistics released their monthly jobs report this morning, which showed
next to no job growth in June, and actually showed that unemployment had increased
by 545,000 since March. The report also showed that May’s job growth,
originally reported at 54,000, was really less than half that figure. For that
reason, the Dow (NYSE:DIA), S&P (NYSE:SPY), and Nasdaq (NASDAQ:NDAQ) all
dropped about 1% this morning, though they have recovered somewhat since then.
2)
Conglomerate stocks took a hit . Big conglomerate stocks with high trading
volumes like General Electric (NYSE:GE), Emerson Electric (NYSE:EMR), Tyco
International (NYSE:TYC), United Technologies Corp. (NYSE:UTX), and Textron
Inc. (NYSE:TXT) all suffered major losses on the markets today. The best faring
of the five was Textron Inc., shares of which were down 0.68% today. The five
heavily traded stocks all trade on the NYSE, helping to bring down the whole
index, where decliners outnumbered advancers today, two to one.
3) Capital
goods weighed down the markets. Capital goods stocks were also a heavy weight
on the NYSE, with Honeywell International (NYSE:HON), Cummins Inc. (NYSE:CMI),
Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE), and even Boeing
(NYSE:BA) all down 1% to 2%. The one bright note is that BA, DE, and CAT are
all recovering somewhat in after-hours trading…’
[video]
Bad Jobs Report Causes Broad Selling at
TheStreet.com
Earnings growth cooled in second quarter Fri, 08 Jul 2011 Earnings growth
cooled in the second quarter as companies struggled with disruptions from
Japan’s erthquake ... Sara Sjřlin NEW YORK (MarketWatch) — Earnings growth
cooled in the second quarter as companies struggled with disruptions from
Japan’s earthquake and higher costs, according to analysts polled ahead of
Monday’s unofficial start to the reporting season [I don’t buy any of the foregoing rationale
for the more realistic worse than expected results in the second quarter. To be
sure, there is no underestimating the global effects of the Japanese
disruptions. Moreover, their (Japanese) commitment of capital to domestic
concerns will impact international markets still more than currently
discounted. Yet, if anything, the Japanese disruption was a ‘non-recurring
gift’ to american companies; and hence, worse for american companies to come.
]
Investing
in Commodities: Warren Buffett Says “The Dollar Is Going to Get WorthLess Over
Time!” Wall St. Cheat Sheet
Lousy jobs number complicates debt deal for both Obama and GOP - By Jim Tankersley National
Journal June's woefully underwhelming increase in jobs is a climactic twist in
the negotiations between President Obama and congressional Republicans over
federal borrow... The Lost Decade: Bill Clinton on how to spur job growth and the
economy [ Come on! Let’s get real
now! The ‘c man who does what he did because he could’, clinton was the
unequivocal benefactor of the peace dividend courtesy of Reagan / Gorbachev,
the latter playing a greater role than credited; such role being rishy for him
and his and a testament to the rational ,courageous, and civilized traits
inherent to the Russian people. You’ll not see such rationality among the war
mongering, pervasively corrupt american though defacto bankrupt.
Ugly
Job Chart Just Got Uglier; Investors Doubt Washington at Forbes
Hard
to Call This the Best Job Recovery in 25 Years at The Wall Street Journal ‘We just got a note from perennial market
cheerleader James Paulsen of Wells Capital Management, who tried to goad us to
look past the grim jobs report by yell-typing:“As Bad as the current monthly
numbers are (and there is no other way to paint them), believe it or not, the
job market is still “making progress” this year and is still doing as well or
even better at the two year mark than either of the last two recoveries (1991 and
2001) during the last quarter century!!!?”Sorry, Jim, but this chart, often
posted at Calculated
Risk , makes me question the validity and/or relevance of this claim.http://s.wsj.net/public/resources/images/OB-OQ628_jobs_E_20110708161723.jpg
“In terms of lost payroll jobs, the 2007 recession is by far the worst since
WWII,” writes CR.’
STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business Insider Joe Weisenthal, On
Friday July 8, 2011 ‘Crazy end to a crazy week! But first, the
scoreboard:
Dow: -64.86
And now, the
top stories:
The first thing you need to realize is that
stocks have been riding a really wild, 8-day winning streak, which has
wiped out basically all losses for the year. The ride up was jaw-dropping,
as fears about the economy and Europe moved to the back burner.
US markets were basically serene about the whole
thing in anticipation of the jobs report at 8:30 AM. Everyone was
expecting good things after two weeks of decent data, strong markets, and
yesterday's killer ADP number. And then it was a total disaster on
virtually every level. Nobody found a silver lining at all. You can see the ugly details here
Naturally, stocks instantly tanked on the news.
The Dow fell over 100 points in early going. It looked like the wheels
could come off, and again, given the huge runup. But then, markets
rebounded. Granted, it was still a tough day, but 65 points lost on the
Dow? Please. That could have easily happened on better news.
What's more, in terms of corporate movers, some
of the hot momentum names gained: SodaStream, LinkedIn, Apple, and Netflix
(!) all closed higher. Banks got whacked.
Top
Obama adviser says unemployment won’t be key in 2012 Ian Swanson
White
House Adviser Austan Goolsbee: ‘This Is Not A Double Dip’ Reuters
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff
US
Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression
Employment By End Of Obama Second Term Zero Hedge
Economic
slump linked with soaring suicide rates in Europe UK Daily Mail
Retirement
Fund Plunder Update: $206 Billion So Far, $62 Billion Left Tyler Durden
Economics
of the insane: Obama’s stimulus cost $278,000 for each new job created Natural News
Boehner
endorses Obama’s call for far-reaching plan on debt Many Republicans were
more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py
… Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN LUIS
OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard
me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A
debt addict. Time to detox. Deal with the collateral damage before it’s too
late.
We
need to fix America’s looming credit default, failing economy and our
screwed-up banking system. Now, with a Good Depression. If we just kick the can
down the road one more time, we’ll be trapped into repeating our 1930’s
tragedy, a second Great Depression…’
GOP’s
incoherence on debt The GOP’s ideologically incoherent approach to the
debt-limit debate. (Washington Post) [
Oh come on! We all know, at the end of the day, neither dems or doze’ gops will
have accomplished anything of significance / substance to stem the tide of
their own self-created failures. Just more of the same, failed, disingenuous
approach and spin to what is otherwise, too little, too late. Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Parties
spar over debt deal Republicans are now willing to close some tax loopholes
as part of a deal to raise the debt limit.
(Washington Post) [ Oooooh! Doing the people’s
work, by hook or by crook … the former descriptive of what they are, the latter
descriptive of what they do … Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler
Durden
And, not just the government: Will Your Private
Pension Be Worthless? Mac Slavo States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism / soundbites
/ appearances along with ‘michelle his bell’ have become so unctuous and
predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Is
growth poised to strengthen? Friday’s numbers on the job market will test
analysts’ theory. (Washington Post) [ Come on! Lets get real here! Does anyone
really think they are going to get anything but a fudged / fake report / data
tomorrow owing to their ever increasing desperation in this pre-election-year
marked by their snowballing prior failures including complicity in the still
extant crisis producing wall street frauds ( ie., FASB rule change ‘mark to
anything’, no prosecutions of the high level fraudsters / banksters, etc.). Unemployment
Claims, Jobs Numbers Don't Jibe Denninger .. Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler Durden The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Stocks rally
on jersey-based, former Lautenberg ADP still paltry, much better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil
price rally, along with Netflix ‘technology rally’ … Don’t make me laugh! …
Total desperation on wall street and in Washington … How pathetic! … Foreclosure, distressed sales up, at least on paper
with contracts signed, so no surprise nor reason to cheer here, as markets
worldwide jump on the american crazy train for a short-lived bounce as all
problems remain.
This is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘ but it’s great press for
the churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the
contrived mideast turmoil and their wars to obfuscate and divert attention from
their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
ECB
battles defaults in Europe The European Central Bank opposes debt
restructuring. Is it standing in the way of a solution? (Washington Post) [
Amazingly, and they really didn’t have to, europe / eu jumped on the american
crazy train to their eternal, if not ephemeral (in the sense that the eu
doesn’t even survive), detriment. What were they thinking when they jumped on
this crazy american bandwagon to ‘hell-in-a-handbasket’. They otherwise would
have been well positioned as a voice of reason from a global perspective with
all the attendant economic benefits that rationality can yield. Rather, they’ve
given credence to the old adage that ‘apples don’t fall far from the tree’,
conversely speaking. How tragic! Global Stress Points by Oxford Analytica http://en.wikipedia.org/wiki/Oxford_Analytica 20
Warning Signs of a Global Doomsday
Dollar Collapse Taiwan / China Armed Hostility Israel / Iran Armed Conflict Mexico State Hollowing Global Protectionism Latin America Hydrocarbon Disruption Iraq State Institutions Collapse Russia Military Aggression End of Euro India / Pakistan War Pakistan State Collapse Argentina Sovereign Default 2.0 North Korea Military Conflict War in North Africa Lebanon Civil War
Could
One Wrong Policy Move Bring Down the Markets? at Minyanville
By Lloyd
Khaner Jul 06, 2011 Sovereign debt, inflation and the threat of a
catastrophic policy mistake in China or the U.S. top our list of investors'
fears this week.
Moody's
cuts Portuguese debt, China raises interest rates, and Wall Street
understandably gets the jitters. Indeed, caution rules the day, week and entire
season as the world's largest economies will face make-or-break junctions all
summer long. Are the policy makers in China, the U.S., and Europe prepared to
make the right call every time, or will one faulty decision ("insane" bickering over the debt ceiling , for
example) bring ruinous upheaval to our global markets?investing graphic version of this page. For a look at the the
specific worries making investors nervous this week, keep reading. U.S. DEBT CEILING: The countdown clock du
jour is ticking away. Will a deal get done so congress can go on vacation
for the month of August you ask? Is money green, I respond.stock trading financial
CHINA:
Developing a taste for Eurobonds that may rival the one they have for U.S.
Treasuries. Bon Appetit!
National / World
Los Zetas Kingpin: We Bought Guns Directly From U.S.
Government Paul Joseph
Watson
Will NATO Resurrect Operation Gladio To Frame Gaddafi? Paul Joseph Watson, Alex Jones & Kurt Nimmo
FBI Claims Oklahoma City Bombing Tapes Missing Kurt Nimmo
U.S. Wants Gaddafi Toppled By September Paul Joseph Watson
Los Zetas Kingpin: We Bought Guns Directly From U.S.
Government Paul Joseph
Watson
Ron Paul: 9/11 Was Caused By Government Banning Guns on
Planes You Tube
Will NATO Resurrect Operation Gladio To Frame Gaddafi? Paul Joseph Watson, Alex Jones & Kurt Nimmo
U.S. Wants Gaddafi Toppled By September Paul Joseph Watson
Rick Rozoff | Last week the U.S. reportedly launched its first
drone attack inside Somalia. [ Truth be told, I’m for any and all bombing of
Somalia! ]
Deficit
flip-flop Obama goes from do-nothing to demagogue. (Washington Post) [
Well, if the shoe fits …(it does)… (he) wear(s) it … Come on! Nothing ‘wobama
the b’ (for b***s***) says has meaning or substance beyond the ephemeral
soundbite. He’s a totally failed president, like dumbya bush et als before him
and in many ways worse owing to his penchant for lending ‘no meaning’ to his
words. He’s pathetic! That’s reality! He’s totally incompetent like those others
before him and lacks even basic understanding of the core issues confronting
the nation (ie., economics, finance, and, surprisingly since it’s the easiest
to fare well at owing to pervasively corrupt-defacto-bankrupt america’s (though
rapidly declining) position, global geopolitics. Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff ‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in control
of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone missing,
etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half century).
Yet, such a conditioned psychopathic approach to global matters has led them
self-destructively, self-defeatingly, and ineluctably to decline, fall, and as
with dinosaurs, extinction, at least in a manner of speaking. Global
information exchange at lightning speed has made such throwbacks to a lost era,
propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
With QE2 Dead, Are We Staring Down a Bull or Bear? By Benzinga.com
Jul 05, 2011 ‘…we're in for doom and gloom in the future. With no bullets left
in the gun for Bernanke to fire …, the government may not have the means to
stop the panic a second time. Things could get ugly in a hurry…’
‘One of the most convincing cases often
made by the stock-market bulls is that stocks are super cheap, with interest
rates at rock bottom and the S&P 500 trading at just 13 times forecast
earnings for the 2011. But the market may not be as cheap as it appears — and
it could get a lot cheaper, according to a note today from Morgan Stanley
equity strategist Adam Parker.
First, Mr. Parker shoots all kinds of
holes in the market-is-cheap theory. For one thing, the market is only slightly
cheaper today than its average forward P/E of 13.6, dating back to 1976.
And the market isn’t cheap at all using
other ratios, such as price-to-sales (1.4x, compared with a long-term average
of 1.1x), price-to-book (2.3x compared with a long-term average of 2.2x) or
price-to-trailing earnings (16.1x compared with a long-term average of 17.8x).
Meanwhile, the S&P 500′s
dividend yield of just 1.7% is way below an average of 2.7% dating back to
1964.
And this one is maybe the most
interesting: Mr. Parker argues that the biggest-cap companies are providing
most of the stock market’s cheapness, leaving the rest of the market fairly
valued. If the biggest 30 stocks are excluded, the market’s forward P/E ratio
is 13.5x, nearly matching the historical average. The biggest 30 stocks are
trading at 11.5x forward earnings (an echo of the WSJ story
“Our view is that the mega caps are
undervalued and the rest of the market (stocks 31 through 500) are modestly
overvalued,” Mr. Parker writes.
And now the kicker: The market will
likely get even cheaper. Analyst earnings forecasts are now way above their
long-term average, up 18.4% in the past year, compared with an average over the
past 20 years of 7.91%. Earnings forecasts seem likely to fall back to earth,
which alone could drive the market’s forward earnings multiple down to 10.6x,
Mr. Parker estimates.
Meanwhile, Mr. Parker estimates that
inflation-adjusted earnings growth has averaged 3.77% since 1948, and it will
likely be lower than that in the next 10+ years, hurt by higher inflation and
slower and more volatile economic growth around the world.
If he’s right, then the market is more
expensive now than it seems. His forecast is that forward P/E will fall to 10.
Update: A commenter raised the issue of cash —
the top 1500 companies have some $1.5 trillion in cash sitting on their balance
sheets, fuel for future growth, stock buybacks, dividends, etc. That should make
the market more attractive, but Mr. Parker dismantles this one, too, saying
companies have net debt near pre-Internet bubble levels, that much of the cash
is overseas and must be repatriated and that investors have been cutting the
premium they’re willing to pay for corporate cash in recent years.’
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed
sales up, at least on paper with contracts signed, so no surprise nor reason to
cheer here, as markets worldwide jump on the american crazy train for a
short-lived manipulated bounce as all problems
remain. This is the
same month end (and quarter, half) spurt / window dressing based on b***s***
alone to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! ]
What is Making Stocks Rally? ‘ … Here are some of the headlines featured last week:
'Greek default
could trigger chain reaction' - AP
'Why Wall
Street still says buy, and you shouldn't' - AP
'Is the bull
market over?' - Barrons.com
Interestingly,
the Barrons.com article commented that: 'A look at four different sentiment
measures suggests that more pain may await investors.' …’
4
Hurdles the Markets Must Clear to Make Progress in Coming Months - at Minyanville MoneyShow.com ‘I have to admit I was surprised by last
week’s huge stock market rally.
Investing
Dying as Computer Trading, ETFs & Dark Pools Proliferate - at CNBC Melloy [ The thrust of this article is the
manipulation on fraudulent wall street in the most negative sense … duh! ] ‘There’ s an old Wall Street
adage meant to inspire investors that goes “ it ’ s not a stock market, but
a market of stocks. ” Consider that dead.
Computer trading, dark pools and exchange-traded funds are dominating
market action on a daily basis, statistics show, killing the buy and hold
philosophy still attempted by many professional and retail investors alike.
Everything moves up or down together at a speed faster than which a normal
person can react, traders said.
High frequency trading accounts for 70 percent of market volume on a
daily basis, according to several traders ’ estimates. The average holding period for U.S.
stocks is now just 2.8 months, according to the Crosscurrents newsletter. In
the 1980s, it was two years.
“ The theory that buy-and-hold was the superior way to
ensure gains over the long term, has been ditched completely in favor of
technology, ”
said Alan Newman, author of the monthly newsletter. “ HFT promises gains are
best provided by holding periods measuring as few as microseconds, possibly a
few minutes, or at worst, a few hours. ”
The problem is only made worst by the proliferation of exchange-traded
funds, traders said. The vehicles, which make trading a group of stocks as easy
as buying and selling an individual security, passed the $1 trillion in assets
mark at the end of last year, according to BlackRock. This is probably why all
ten sectors of the S&P 500 finished in the black for two consecutive years,
something that ’ s only happened one other time since 1960, according
to Bespoke Investment Group.
“ The capital raising stock market of the past hundred
years has morphed in just the last 10 years into a casino, ” said Sal Arnuk of Themis
Trading and a market infrastructure expert who advised the SEC after last year ’ s so-called Flash Crash. “ Who is doing the
fundamental work analyzing stocks? In the end, we ’ ve greatly increased
systemic risk. ”
Another factor jumped into the fray in December: dark pools.
Off-exchange trading accounted for more than a third of the trading volume in
December, says Raymond James. While these trades are eventually reported to the
public markets, they further damage price discovery, an essential element for a
fair securities market, investors said.
“ This was a record high market share for off-exchange
trading and we believe the SEC will ultimately be forced to react to support
the price discovery process by limiting off-exchange trading for all traces
except for large block trades, ” wrote Raymond James analyst Patrick O ’ Shaughnessy in a note to
clients yesterday.
“ This destroys capital
markets, ”
said Jon Najarian, co-founder of TradeMonster and a ‘ Fast Money ’ trader. “ Hidden trading venues,
where some participants get to peek at the orders as they are entered so long
as they agree to ‘ interact ’ with a minimum percentage, is not an exchange, it ’ s a license to steal. ”
While many see these forces aligning to cause a sort
of self-correcting powerful drop in the market down the road
Unemployment
Claims, Jobs Numbers Don't Jibe Denninger
These
Guys Think You Should Sell Stocks Now at
Motley Fool
The
Madness Of Buying Stocks With P/E's Of 500 at Forbes
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff
Why
The Taxpaying Populace Of Greece Better Stock Up On Thier Grease! Reggie Middleton
Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler Durden
16 Reasons To Feel Really Depressed About The Direction
That The Economy Is Headed The
American Dream barely The number of
Americans that are really depressed about the direction of the economy
continues to grow. At first most Americans had expected the U.S. economy
to bounce back after the recession “like it always does”, but now hope is
turning into desperation as people start realizing that this time things are
different.
Most Americans
are very eager for things to go back to normal. Unfortunately, things
look like they are about to get even worse.
The following
are 16 reasons to feel really depressed about the direction of the economy….
#1 A newly released National Federation of
Independent Business poll discovered that U.S. small businesses let go of
more workers than they hired in June. Previously, the poll had registered
four monthly gains in net jobs in a row. Some analysts believe that this
may be another indication that the employment market is getting softer once
again.
#2 Another newly released jobs report found that the
number of job cuts being planned by U.S. employers increased
by 11.6% in June .
#3 There are fewer payroll jobs in the United States
today than there were back in
2000 even though we have added 30 million people to the population since
then.
#4 There are officially 6.2 million Americans that
have been unemployed for more than 6 months. There are millions of others
that have also been out of work that long but they have become so discouraged
about looking for work that the U.S. government considers them “to no longer be
in the workforce”.
#5 It now takes the average unemployed worker in
America nearly 40 weeks to find a new job.
#6 Paychecks are not keeping up with inflation.
In May, the average hourly wage in the United States was 1.6 percent lower than 12
months earlier.
#7 Food and gas prices have been absolutely soaring
over the past year. McDonald’s, Hershey and Coca-Cola have all announced
price increases this year. One recent survey found that 9 out of 10 U.S. workers do not expect
their wages to keep up with soaring food prices and soaring gas prices over
the next 12 months.
#8 There are disturbing indications that the business
community expects the economy to slow down even more in the months ahead.
For example, pre-orders for Christmas toys from China are
way down .
#9 As of April, there were 6.39 million home loans in
the United States that were either delinquent or in foreclosure. Included
in that were 675,000 home loans that had not had a single payment made on them
in two years.
#10 Approximately 28 percent of all home loans in the
United States are currently “underwater” .
#11 Overall, American households are about 7.7 trillion dollars poorer
than they were back in early 2007.
#12 As a percentage of GDP, the total amount of debt in
the United States is now far higher than it ever has been in any other era of
U.S. history . Things were not even close to this bad during the Great
Depression.
#13 One of the key measures of consumer confidence in
the United States has hit a seven-month low .
#14 According to Gallup, the percentage of Americans
that lack confidence in U.S. banks is now at an all-time high of 36% .
#15 According to one recent poll, 39 percent of Americans
believe that the U.S. economy has now entered a “permanent decline”.
#16 Another recent survey found that 48 percent of
Americans believe that it is likely that another great Depression
will begin within the next 12 months.
So what is the
United States going to look like if we do have another major economic downturn?
If the U.S.
economy continues to get worse and worse, will what is happening in Greece eventually start happening
in this country?
Let us
certainly hope that our cities do not descend into chaos any time soon.
However, we
should not just stick our heads in the sand and pretend that everything is
going to be okay.
Those of us
that are aware of what is happening to the economy should take this time to get
prepared.
We should all
be getting out of debt. When the economy tanks and interest rates start
to spike you don’t want a horde of creditors hunting you down.
We should all
be reducing our expenses and learning to live on less. It is those that
are “lean and mean” that will have the best chance of making it through a major
downturn successfully.
We should all
be storing up emergency food and supplies. After all, you take out
insurance on all kinds of other things, don’t you? We all need to be
fully prepared just in case the worst happens.
The truth is
that most Americans are totally unprepared for economic troubles. As the
financial crisis of 2008 demonstrated, when people lose their jobs and their
wealth they will come in and take everything away from you.
And it is not
just your home that you could lose. When you don’t have any more money
left there is a chance that authorities will take everything
For example,
according to one local news report ,
six kids were taken away permanently from their parents just because they were
homeless and living in a storage shed….
“You shouldn’t
take our kids because we’ve fallen on hard times,” said Prince Leonard, a
married father of six whose family resides in a northeast Houston storage shed.
The Leonards
moved in three years ago after the father, an unemployed welder, was hired as a
maintenance worker.
Well, it turns out that the storage shed actually had
“an air conditioner, a refrigerator and two personal computers”, so they were
not living too terribly.
But this is what happens to so many poor families
today – “child protective services” will come in and take their children away
at the drop of a hat.
Poor people are an easy target. They know that
they are unlikely to fight back and so thousands and thousands of young
children are constantly being ripped out of homes and never returned.
Don’t think that it can never happen to you. It
is happening all over the country.
Meanwhile, the mainstream media continues to act like
everything is just fine. As our economy continues to be caught in a death
spiral they are busy cracking jokes and talking about celebrities.
While the country is falling apart, the following
video is an example of what passes for news in America these days….
The sad
reality of the matter is that “the American Dream ” is dying.
Every month
more American families are slipping out of the middle class and into poverty.
Over the past
four years, the number of Americans on food stamps has risen by 18
million. A higher percentage of Americans is enrolled in government
anti-poverty programs than ever before.
There will be
millions of Americans that will not be able to sleep tonight because they are
being eaten alive by worry and fear. If the economy does not turn around soon,
there will be even more American families that are living in their cars and
eating out of dumpsters.
Our economic
problems are a horrible nightmare that never seems to end. We are
literally watching the greatest economy on earth crumble before our very eyes.
So if you feel
really depressed about all this, nobody is going to blame you.
But pulling
yourself together and getting yourself and your family prepared for the really
hard times that are coming might be a better course of action.’
Egypt vs IMF: Time to
Default? Eric Walberg
The
Coming “New World Order” Revolution: How Things Will Change In The Next 20
Years – A Kondratieff Cycle Perspective Tyler Durden
As
Commodity Prices Soar, So Does Demand for Wood Pulp—As a “Food Extender” cryptogon.com
In
Europe, an ‘Argentinean Re-Run’: Fund Manager CNBC.com
Wall
Street is abuzz about tech stocks, but where's the smart money? With tried
and true tech giants like Microsoft, IBM and Intel, look for value -- and
landmines. Tech
IPO's and the growth trap (Washington Post) [ Undoubtedly the biggest
scam since the dotcom bust; that summer sizzler based on b***s*** alone! The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed ! All bad news … from eurozone (protugal,
et als), to asia zone (china worse than expected), to america (where to begin,
from defacto bankruptcy, to debased currency, to insurmountable debt / dervice,
to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Foreclosure, distressed sales up, at least on paper
with contracts signed, so no surprise nor reason to cheer here, as markets
worldwide jump on the american crazy train for a short-lived bounce as all
problems remain.
This is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘ but it’s great press for
the churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the
contrived mideast turmoil and their wars to obfuscate and divert attention from
their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Get a job, kid! Only 25 percent of
American teens have summer jobs, the lowest percentage on record. Why? Are they
lazy? (Washington Post) [ Well, in their defense, the reality’s that the real
unemployment rate minus the fudge factors, particularly in this pre-election
year, is just about that, and many are ‘makeshift’ jobs at that for
‘pre-election year politicking purposes’: Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE ( from
the Mirriam-Webster dictionary)
a : : fixed , steadfast < stable opinions>
b : : unvarying <in
stable condition>
c : permanent , enduring < stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is occurring.
Many bright folks have commented on how the zero interest rate policy (ZIRP) is
destructive to savers and misallocates resources. It is safe to say that
this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew Marcewicz and Robert Barone are investment advisor
representatives with Ancora West Advisors LLC, Reno, Nev. ‘
Parties
spar over debt deal Republicans are now willing to close some tax loopholes
as part of a deal to raise the debt limit.
(Washington Post) [ Oooooh! Doing the people’s
work, by hook or by crook … the former descriptive of what they are, the latter
descriptive of what they do … Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler
Durden
And, not just the government: Will Your Private
Pension Be Worthless? Mac Slavo States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns;
viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately
it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s
got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of
stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone
else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
National / World
Man Arrested for Filming Police from His Own Yard Alex Jones & Aaron Dykes
Europeans Will Face More Airport Body Scanners Steve Watson
TSA
Searches Woman’s Hair Kurt
Nimmo
Brzezinski: Middle Class Unrest To Hit U.S. Paul Joseph Watson
Author Jan Irvin: Mind Control and The Dumbing Down of
Society The Alex Jones
Channel
5 Dead,
23 Hurt Over Violent Holiday Weekend Jennifer
Schwarz
US-led strike
kills 8 Afghan children Press TV
The
“War On Terror” Is A $6 Trillion Racket, Exceeding The Total Cost Of World War
II Global Research
‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his teleprompter).
As such, it matters very little who, since whoever, beats wobama hands down. He
has a record of failure and actions that have consistently belied his words.
Indeed, wobama’s a fraud in the inducement (campaign promises) and a fraud in
the factum (in fact). As failed as dumbya bush, there’s a nausea factor that’s
become attached to wobama(s) like no other(s).
Drudgereport:
POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And
the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Men
getting jobs faster than women The recession was hard on men, who saw
construction and manufacturing jobs dry up, but the recovery is proving much
kinder on men. In a rare turnabout, men are outpacing women in getting jobs as
the economy struggles back to life — and they’re doing it partly by taking work
in fields long dominated by women. (Washington Post) [ And unfortunately, if
you’ve the unpleasant occasion to experience the american workforce in action
(I’m reminded every time I so do – those problem/support lines for americans
services / products so typically gone awry; horrendous, with an attitude, but
clear as an unmuddied lake as to why american jobs are outsourced. A simple
cost-benefit analysis further confirms the rational basis to this reality. Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... . Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘america’s
great girth … as in fatter ’
Global
Stress Points by Oxford Analytica http://en.wikipedia.org/wiki/Oxford_Analytica 20
Warning Signs of a Global Doomsday
Dollar Collapse Taiwan / China Armed Hostility Israel / Iran Armed Conflict Mexico State Hollowing Global Protectionism Latin America Hydrocarbon Disruption Iraq State Institutions Collapse Russia Military Aggression End of Euro India / Pakistan War Pakistan State Collapse Argentina Sovereign Default 2.0 North Korea Military Conflict War in North Africa Lebanon Civil War
Could
One Wrong Policy Move Bring Down the Markets? at Minyanville
By Lloyd
Khaner Jul 06, 2011 Sovereign debt, inflation and the threat of a
catastrophic policy mistake in China or the U.S. top our list of investors'
fears this week.
Moody's
cuts Portuguese debt, China raises interest rates, and Wall Street
understandably gets the jitters. Indeed, caution rules the day, week and entire
season as the world's largest economies will face make-or-break junctions all
summer long. Are the policy makers in China, the U.S., and Europe prepared to
make the right call every time, or will one faulty decision ("insane" bickering over the debt ceiling , for
example) bring ruinous upheaval to our global markets?investing graphic version of this page. For a look at the the
specific worries making investors nervous this week, keep reading. U.S. DEBT CEILING: The countdown clock du
jour is ticking away. Will a deal get done so congress can go on vacation
for the month of August you ask? Is money green, I respond.stock trading financial
CHINA:
Developing a taste for Eurobonds that may rival the one they have for U.S.
Treasuries. Bon Appetit!
The
Madness Of Buying Stocks With P/E's Of 500 at Forbes
Bearish Signs Are Quickly Adding Up By Gary Kaltbaum
Jun 13, 2011 11:00 am
When the markets are in a bear phase, as they are
now, it becomes immensely important to keep our eye on certain things. Over
the past few weeks, I have been more cautious. During that time on the Buzz & Banter ,
I outlined why I thought the market was in trouble. The simple fact is
that every characteristic that usually show up near tops in the market...
showed up. When these characteristics show up, it is time to keep an eye
out for trouble. All that has to happen is for negative price and volume to
confirm. Subtle signs showed up weeks in advance. When listening to
those who say this recent drop came out of nowhere, please take it with a grain
of salt. Here are those bearish characteristics that I've said would eventually
come back to haunt the market: Financials Major New Highs Divergence stocks Defense Leads Low Levels of Cash Mutual funds Over the Top Bullish Sentiment S&P Dow Many Stock Splits and Mergers Stock Emerging Markets A Plethora of IPOs and Secondaries Semiconductors Finally and Most Importantly moving averages
Try
to resist the urge to listen to permabull Wall Streeters during bear
phases, as it could cost you a bundle. You will be hearing the terms
overdone, overreaction, undervalued, cheap, and so on. Be careful! Fox News moving average Walmart WMT Target TGT currency Seinfeld
Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler Durden
Europe
Persists in Seeking a Solution for Greece New York Times
In
Europe, an ‘Argentinean Re-Run’: Fund Manager CNBC.com
Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler
Durden
Without
Low Interest Rates, The U.S. Financial System Dies The Economic Collapse
ECB Will
Continue to Accept Greek Debt Financial
Times
Crumbling
house at center of feud Neighbors in a posh D.C. enclave agree there’s an
eyesore in their midst — just not on where it is. (Washington Post) [ Crumbling
house? Now why do I immediately think of the house of representatives
(including as well, the senate). Because … they’re crumbling, along with the
nation. ‘House of cards’? Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ The
back-office power brokers Experts in managing troubled loans of commercial
real estate see their fortunes rise in the recession. (Washington Post) [
Kinda’ like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the
foreclosures that pits people against wall street and it aint just suburbia. No, there is no modern day alchemy that spins
worthless paper into gold except fraudulently for the frauds on wall street
who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and
gold, precious metals, at everyone else’s expense including main street. The
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and now failed miserably except for the frauds on wall
street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Jobless
claims worse than expected at 428,000 I
thought the following was interesting: 15
Worst Housing Markets for Next 5 Years -
Business Insider The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005,
we're sorry: over the following six years it depreciated in value by more than
54.3%.
And the
rebound -- if there is a rebound -- won't come soon.
Between
Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of
0.7% , according to data
provided by Fiserv Case Shiller.
Fiserv
identified 15 housing markets that will appreciate at an annualized rate of
less than 1.5% -- a pretty lousy investment. If you stay out of these markets,
the national average is slightly better at 3.7%.
Here are
the 15 Worst Housing Markets For The Next Five Years
The worst
place to invest: Miami, Florida
Cumulative
growth from 2005 to 2011: -54.3%
Annualized
growth from 2011 to 2016: -0.7%
Trough: Q3
2012
The
second worst place to invest: Atlantic City, New Jersey
Cumulative
growth from 2005 to 2011: -34.05%
Annualized
growth from 2011 to 2016: 0.2%
Trough: Q3
2012
3. Nassau
County, New York
Cumulative
growth from 2005 to 2011: -27.3%
Annualized
growth from 2011 to 2016: 0.7%
Trough: Q4
2011
#4 (tie)
Fort Lauderdale, Florida
Cumulative
growth from 2005 to 2011: -52.9%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q4
2012
#4 (tie)
Midland, Texas
Cumulative
growth from 2005 to 2011: -40.95%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#4 (tie)
Washington, D.C.
Cumulative
growth from 2005 to 2011: -28.1%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#7
Abilene, Texas
Cumulative
growth from 2005 to 2011: -18.9%
Annualized
growth from 2011 to 2016: 1.0%
Trough: Q1
2009
#8
Morgantown, West Virginia
Cumulative
growth from 2005 to 2011: -4.15%
Annualized
growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie)
Austin, Texas
Cumulative
growth from 2005 to 2011: 2.63%
Annualized
growth from 2011 to 2016: 1.2%
Trough: Q4
2012
#9 (tie)
Waterloo-Cedar Falls, Iowa
Cumulative
growth from 2005 to 2011: -2.73%
Annualized
growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie)
Baton Rouge, Louisiana
Cumulative
growth from 2005 to 2011: -14.48%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q1
2012
#11 (tie)
Amarillo, Texas
Cumulative
growth from 2005 to 2011: -10.5%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q4
2012
#11 (tie)
Lancaster, Pennsylvania
Cumulative
growth from 2005 to 2011: -5.15%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q2
2012
#11 (tie)
Monroe, Louisiana
Cumulative
growth from 2005 to 2011: -11.31%
Annualized
growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie)
Shreveport, Louisiana
Cumulative
growth from 2005 to 2011: -10.38%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q3
2011 ‘
Moody's
downgrades Portugal's debt (Washington Post) [ And, it won’t be long before things get
‘greasy’ with Greece back at the trough; and, italian anyone, along with the
other PIIGSUS. Europe
Persists in Seeking a Solution for Greece New York Times US worse than Greece? RT Moody’s
July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China
Debt Problem Bigger Than Stated” Tyler
Durden Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ Drudgereport: Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS... SoCal
Looks to Secede from California...
A
fight over what we can keep In
Minnesota and elsewhere, the struggle is over what is promised versus what is
affordable. (Washington Post) [Will Your Pension Be
Worthless? Mac Slavo States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Minnesota government
shuts down Politico Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden
Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )
National / World
Exclusive: Sony Forces Employees To Submit To Body Scanners Paul Joseph Watson
Is the Internet Re-Wiring Our Brains? Prison Planet Live
Russian FSB Boss: Internet a Haven for Terrorists Kurt Nimmo
Protect IP Act Gives Government Power to Seize Websites
On a Whim Paul Joseph Watson
New
Weapons in the INFOWAR! Infowars
NATO
War Crimes: Depleted Uranium Found in Libya by Scientists Global Research
Paul
Joseph Watson: 2011 – World In Crisis PrisonPlanetLive
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
As
NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I didn’t
know there was such a thing. But I, and I’m sure all know that ‘u.s. politics
are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in we’ve all
been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he
already has the footage in the can since you won’t be able to use the moon
footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com -
Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body. First fake moonwalker blasts Obama's space plan msnbc.com -
Bill Ingalls - The first man to pretend to
walk on the moon blasted President Barack Obama's decision to cancel NASA's
back-to-the-moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the
dutch national museum - a supposed moon rock from the first manned lunar
landing - is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock
given to an overseas politician by the united states is actually a lump of
petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch
museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national
museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by
american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
President
summons lawmakers With just over two weeks remaining, Obama calls lawmakers
to White House to break debt stalemate.
(Washington Post) [ Summons?
‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america
also spends more on military than all the nations of the world combined... fed
employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included
in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
With QE2 Dead, Are We Staring Down a Bull or Bear? By
Benzinga.com Jul 05, 2011 ‘…we're in for doom and gloom in the future. With no
bullets left in the gun for Bernanke to fire …, the government may not have the
means to stop the panic a second time. Things could get ugly in a hurry…’
‘One of the most convincing cases often
made by the stock-market bulls is that stocks are super cheap, with interest
rates at rock bottom and the S&P 500 trading at just 13 times forecast
earnings for the 2011. But the market may not be as cheap as it appears — and
it could get a lot cheaper, according to a note today from Morgan Stanley
equity strategist Adam Parker.
First, Mr. Parker shoots all kinds of
holes in the market-is-cheap theory. For one thing, the market is only slightly
cheaper today than its average forward P/E of 13.6, dating back to 1976.
And the market isn’t cheap at all using
other ratios, such as price-to-sales (1.4x, compared with a long-term average
of 1.1x), price-to-book (2.3x compared with a long-term average of 2.2x) or price-to-trailing
earnings (16.1x compared with a long-term average of 17.8x).
Meanwhile, the S&P 500′s
dividend yield of just 1.7% is way below an average of 2.7% dating back to
1964.
And this one is maybe the most
interesting: Mr. Parker argues that the biggest-cap companies are providing
most of the stock market’s cheapness, leaving the rest of the market fairly
valued. If the biggest 30 stocks are excluded, the market’s forward P/E ratio
is 13.5x, nearly matching the historical average. The biggest 30 stocks are
trading at 11.5x forward earnings (an echo of the WSJ story
“Our view is that the mega caps are
undervalued and the rest of the market (stocks 31 through 500) are modestly
overvalued,” Mr. Parker writes.
And now the kicker: The market will
likely get even cheaper. Analyst earnings forecasts are now way above their
long-term average, up 18.4% in the past year, compared with an average over the
past 20 years of 7.91%. Earnings forecasts seem likely to fall back to earth,
which alone could drive the market’s forward earnings multiple down to 10.6x,
Mr. Parker estimates.
Meanwhile, Mr. Parker estimates that
inflation-adjusted earnings growth has averaged 3.77% since 1948, and it will
likely be lower than that in the next 10+ years, hurt by higher inflation and
slower and more volatile economic growth around the world.
If he’s right, then the market is more
expensive now than it seems. His forecast is that forward P/E will fall to 10.
Update: A commenter raised the issue of cash —
the top 1500 companies have some $1.5 trillion in cash sitting on their balance
sheets, fuel for future growth, stock buybacks, dividends, etc. That should
make the market more attractive, but Mr. Parker dismantles this one, too,
saying companies have net debt near pre-Internet bubble levels, that much of
the cash is overseas and must be repatriated and that investors have been
cutting the premium they’re willing to pay for corporate cash in recent years.’
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed
sales up, at least on paper with contracts signed, so no surprise nor reason to
cheer here, as markets worldwide jump on the american crazy train for a
short-lived manipulated bounce as all
problems remain.
This is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! ]
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
This chart
plots the S&P 500 index against an inverse of the 4-week average of initial
jobless claims. If you can excuse the tiny font, the chart illustrates a tight
and curious correlation between these metrics since December 2006.
Looking back
over the past four and a half years, these lines tends to stay tightly
correlated, and when they diverge, they quickly retreat back together. Looking
back at this chart, the equity market continued to tumble through January 2009
as more Americans filed for unemployment each week. Conversely as these jobless
claims dropped to 450,000 mark, the market largely moved upwards.
Now the
question is: will jobless claims move and stay below 400,000? If so perhaps,
the equity rally will continue, but if they remain stuck around 428,000, the
number reported today, expect a downturn in the equities market.
Jobless claims
are clearly a barometer of the larger economic picture and are more of a
coindicator than a leading indicator. This chart shows that initial jobless
claims(upside down) and the S&P 500 move in concert. Over a month or two,
if they start moving in wildly different directions, it’s a good bet that one
of them is wrong.
Special thanks
to my colleagues, statistical wizards
John Ray and Scott DeCarlo
for their assistance in constructing this chart.’
Dick Bové: Lost Finance Jobs Are Gonna Stay That Way…FOREVER
S&P
Reaches Possible Reversal Point at
Minyanville
Moody's cuts Portugal to junk, warns on 2nd bailout
John
Mauldin: My View on the Last Half of the Year at Minyanville John Mauldin Jul
05, 2011 ‘What does the end of QE2 mean?
What can we expect from Europe? Is a commodity bubble getting ready to burst?
Is it really a bubble? Editor's note:
The following was originally published by John Mauldin on July 2, 2011. calling data http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%201.jpg
talking to a
friend http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%202.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%203.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%204.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%205.jpg
[$$]
Once Again, Gold Makes Sense at
TheStreet
Top 3 Reasons Markets Were Mixed After Last Week’s Gains Wall St. Cheat Sheet ‘ With five straight days of gains, the markets had
their best week in two years leading up to the Fourth of July weekend. But as
we return from the weekend’s fun in the sun, markets are mixed, with only the
Nasdaq (NASDAQ:QQQ) showing minor gains.
Markets closed
mixed on Wall Street today: Dow -0.10% , S&P -0.13% , Nasdaq +0.35% , Oil
+2.02% , Gold +2.25% .
On the
commodities front, Oil (NYSE:USO) jumped back up to nearly $97 a barrel.
Precious metals also took a turn, with Gold (NYSE:GLD) rising to $1,516, while
Silver (NYSE:SLV) was up 5.49% to $35.56.
Today’s
markets were mixed because:
1) Portugal
may be the new Greece . Moody’s cut Portugal’s credit rating by four levels to
Ba2, two notches into junk territory . Moody’s says Portugal will need a second
bailout, like the one currently being planned for Greece, before it can return
to capital markets.
2) May factory
orders . This data may have been the one bright spot in a gloomy day of
trading, and along with energy sector gains, one of the only reasons markets
weren’t as bad as they could have been. New orders for manufactured goods rose
$3.5 billion in May, or 0.8%, to $445.3 billion after decreasing 0.9% in April.
3) Poor
financials. Stocks dropped today for the nation’s biggest financial firms:
JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), Citibank (NYSE:C), Goldman
Sachs (NYSE:GS), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), and just
about every other financial stock trading on the NYSE. And when the banks have
a bad day, everyone has a bad day. The New York Stock Exchange’s gainers were roughly
even with decliners in today’s trading…’
First-Half
Proves ‘Humbling’ For Paulson, Einhorn & Ackman
What
Country Is the Safest Place to Invest Your Money? (CNBC)
[ Wow! Pervasively corrupt, defacto bankrupt america is # … 15 … orwellian
england is # … 22 … keep ‘dem’ wars rollin’ … they do wonders for the economy!
] ‘ Norway is the least-risky nation on
the planet, Greece is the riskiest country, and the debt of the United Kingdom
is surprisingly suspect relative to other developed nations, according to a new
index of sovereign risk just released by the largest publicly traded asset
manager.
The Nordic country “ benefits from extremely low absolute levels of debt,
a strong institutional context and very limited risks from external and
internal financial shocks, ” said Benjamin Brodsky, head of fixed income asset
allocation at the firm, which has $3.65 trillion under management.
BlackRock created the investing tool to capitalize on macro themes that
have dominated headlines as Europe ’ s woes and the U.S. debt ceiling become the biggest
issues of 2011. Macro investing has also seen more inflows than any other
hedge-fund category this year, according to a number of surveys.
The asset manager attempts to go a step further than just the usual
debt-to-gross-domestic-product ratio analysis. It also factors in an exhaustive
list of metrics that fall under four broad categories: proximity to distress,
external finance position, banking sector health and willingness to pay.
“ The high correlation between the BlackRock Sovereign
Risk Index and CDS spreads suggests that we have identified significant drivers
of sovereign risk, even while avoiding direct inclusion of market-based
measures in the index, ” states the report.
Chart Norway: http://api-cdn.cnbc.com/api/chart/chart.asp?YYY330_VnsGsd2sggPqXYH+RDnPSXpNT2fyPMN1ZNBRwDKuAR0=&type=small&charttype=price&timeframe=1week&realtime=0&symbol=NORW&showHeader=&showSidebar=0&hideExchange=0&changeOverTime=0&showExtendedHours=0
Other notable surprises in the 44-country index, which assigns a single
score to each nation, are Canada at No. 6, the U.S. at 15th just behind China
and the U.K. at 22, with a negative “ risk index score. ”
The U.K., a prime example of the broad factors the index takes into
account, is behind countries including Russia and Peru because of its weak
banking sector.
“ While the country ’ s institutional strength
and integrity is notable, and it is insulated from external financial shocks,
its weakness is attributable to a weak fiscal space profile, while contingent
liabilities to the financial sector drag, ” states the report. “ In addition, the U.K. ’ s growth of credit has
outpaced GDP in recent years, a hallmark of a bubble. ”
Rounding out the bottom five of the index, following Greece, are
Portugal, Venezuela, Egypt and Italy. Sweden, Switzerland, Finland, and
Australia are among the top five for your money. But the highest score, by far,
is the debt of Norway.
“ They ’ re oil rich and fiscally conservative, ” said Larry McDonald,
author of "A Colossal Failure of
Common Sense, the Lehman Brothers Inside Story."
Norway ’ s
GDP per capita is the seventh-highest in the world, and it is the ninth-biggest
oil exporter in the world, according to the CIA World Factbook. Besides
petroleum products, the country ’ s biggest exports are machinery, metals, chemicals,
ships and fish, according to the CIA…’
And it is not just Greece. After Greece is dealt
with, the eurozone must deal with Ireland and Portugal. And the market is
increasingly suggesting there is more risk there than the area can handle. Look
at the graph below, which shows the steady rise of interest rates for Ireland
and Portugal. This looks like Greece not so long ago. And Portugal now has
higher rates than Ireland. This means that both countries are effectively cut
out of the private market. (www.ifr.com )http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%206.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%207.jpg
While
the focus is for the moment on the question of bridging Greece’s immediate funding
mutual funds data view
the entire episode next week on the McCuistion website.http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20image.jpg
financial Editor's Note: This content was taken from John Mauldin's weekly E-Letter,
Thoughts From the Front Line. See more at John's home page . @Minyanville .’
Europe
Persists in Seeking a Solution for Greece New York Times
ECB
unlikely to walk away from Greek banks MarketWatch
JPMorgan
Chase’s Jamie Dimon as New U.S. Treasury Secretary? Zero Hedge
ECB Will
Continue to Accept Greek Debt Financial
Times
The
ECB Already Has A ‘Plan B’ In Case The Ratings Agencies Wreck The Greek Bailout
Business Insider
Moody’s
July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China
Debt Problem Bigger Than Stated” Tyler
Durden
US worse than Greece? RT
The
back-office power brokers Experts in managing troubled loans of commercial
real estate see their fortunes rise in the recession. (Washington Post) [
Kinda’ like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the
foreclosures that pits people against wall street and it aint just suburbia. No, there is no modern day alchemy that spins
worthless paper into gold except fraudulently for the frauds on wall street
who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and
gold, precious metals, at everyone else’s expense including main street. The
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and now failed miserably except for the frauds on wall
street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Jobless
claims worse than expected at 428,000 I
thought the following was interesting: 15
Worst Housing Markets for Next 5 Years -
Business Insider The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005,
we're sorry: over the following six years it depreciated in value by more than
54.3%.
And the
rebound -- if there is a rebound -- won't come soon.
Between
Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of
0.7% , according to data
provided by Fiserv Case Shiller.
Fiserv
identified 15 housing markets that will appreciate at an annualized rate of
less than 1.5% -- a pretty lousy investment. If you stay out of these markets,
the national average is slightly better at 3.7%.
Here are
the 15 Worst Housing Markets For The Next Five Years
The worst
place to invest: Miami, Florida
Cumulative
growth from 2005 to 2011: -54.3%
Annualized
growth from 2011 to 2016: -0.7%
Trough: Q3
2012
The
second worst place to invest: Atlantic City, New Jersey
Cumulative
growth from 2005 to 2011: -34.05%
Annualized
growth from 2011 to 2016: 0.2%
Trough: Q3
2012
3. Nassau
County, New York
Cumulative
growth from 2005 to 2011: -27.3%
Annualized
growth from 2011 to 2016: 0.7%
Trough: Q4
2011
#4 (tie)
Fort Lauderdale, Florida
Cumulative
growth from 2005 to 2011: -52.9%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q4
2012
#4 (tie)
Midland, Texas
Cumulative
growth from 2005 to 2011: -40.95%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#4 (tie)
Washington, D.C.
Cumulative
growth from 2005 to 2011: -28.1%
Annualized
growth from 2011 to 2016: 0.8%
Trough: Q1
2009
#7
Abilene, Texas
Cumulative
growth from 2005 to 2011: -18.9%
Annualized
growth from 2011 to 2016: 1.0%
Trough: Q1
2009
#8
Morgantown, West Virginia
Cumulative
growth from 2005 to 2011: -4.15%
Annualized
growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie)
Austin, Texas
Cumulative
growth from 2005 to 2011: 2.63%
Annualized
growth from 2011 to 2016: 1.2%
Trough: Q4
2012
#9 (tie)
Waterloo-Cedar Falls, Iowa
Cumulative
growth from 2005 to 2011: -2.73%
Annualized
growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie)
Baton Rouge, Louisiana
Cumulative
growth from 2005 to 2011: -14.48%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q1
2012
#11 (tie)
Amarillo, Texas
Cumulative
growth from 2005 to 2011: -10.5%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q4
2012
#11 (tie)
Lancaster, Pennsylvania
Cumulative
growth from 2005 to 2011: -5.15%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q2
2012
#11 (tie)
Monroe, Louisiana
Cumulative
growth from 2005 to 2011: -11.31%
Annualized
growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie)
Shreveport, Louisiana
Cumulative
growth from 2005 to 2011: -10.38%
Annualized
growth from 2011 to 2016: 1.4%
Trough: Q3
2011 ‘
National / World
Is a U.S. Default Inevitable? Patrick J. Buchanan Patrick J.
Buchanan July 5,
2011
Lindsey had
committed candor, and the stunned Bushites came down on him with both feet.
“Baloney,”
said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels
of the Office of Management and Budget. We can finance the war with Iraqi oil,
said Paul Wolfowitz.
By year’s end,
Lindsey was gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”
And the cost
of the Iraq War? It has passed $1 trillion.
So Lindsey is
worth listening to. And he is now saving that the Obamaites may be wildly
underestimating the deficits America is going to run in this decade. Here is
why.
The average
rate of interest the Fed has had to pay to borrow for the last two decades has
been 5.7 percent. However, President Obama is projecting the cost of money at
only 2.5 percent.
A return to
the normal Fed rate would, by 2020, add $4.9 trillion to the cumulative
deficit, says Lindsey, more than twice the $2 trillion in savings being
discussed in Joe Biden’s debt-ceiling deal.
Second, Obama
is estimating growth in 2012, 2013 and 2014 at 4, 4.5 and 4.1 percent. But the
normal rate for a mature economy recovering from recession is 2.5 percent.
Hence, if we
return to a normal rate of growth, rather than rise to Obama’s projected rate,
says Lindsey, that would add $700 billion to the deficit over the next three years
and $4 trillion by 2020.
Taken
together, a U.S. return to a normal rate of growth of 2.5 percent, higher than
today, and a normal rate of interest for the Fed could add as much as $9
trillion to the deficits between now and 2020.
New taxes on
millionaires and billionaires who ride around in corporate jets can’t cover a
tenth of 1 percent of these deficits.
Writes
Lindsey, “Only serious long-term spending reduction in the entitlement area can
begin to address the nation’s deficit and debt problems.”
His conclusion is logical, but seems impossible to
achieve when both parties are talking of taking Medicare and Social Security
off the table. Which makes his final point all the more compelling:
“Under current government policies and economic
projections, (bondholders) should be far more concerned about a return of their
principal in 10 years than about any short-term delay in interest payments in
August.”
Lindsey is saying that the probability of U.S. bonds
losing face value through inflation or default is high, given the size of the
deficits we will be running and the improbability that any deficit-reduction
plan now out there can significantly reduce them.
Standard & Poor’s and Moody’s are already talking
of downgrading U.S. debt if the debt ceiling is not raised by early August.
Is America then headed for an inevitable default?
One Chinese economist is already accusing us of
defaulting, as the Fed’s flooding of the world with dollars has seen the dollar
lose 10 percent of its value against other currencies in the last year.
Holding $1 trillion in U.S. debt, China has watched
the purchasing power of that U.S. paper plummet. Understandably, Beijing fears
that if we ever pay back all they have lent us, it will be in U.S. dollars of
far lesser value.
What should House Republicans do?
Stick to their principles and convictions.
For the cause of the deficit-debt crisis has been the
explosion in federal spending under Barack Obama to the largest share of the
U.S. economy since the climactic years of World War II.
Administrations of both parties contributed to this
rise in the federal share of gross domestic product. But the GOP committed
itself in 2010 to rein it in, without raising taxes. On that pledge the GOP
triumphed and should keep its commitment.
First, because it is a solemn undertaking with a
nation disgusted with politicians who say one thing and do another. Second,
because our fiscal crisis, like Europe’s, is a result of too much government,
not too little revenue. Third, because there is no credible school of economic
thought that says raising taxes on the productive sector when one in six
workers is unemployed or underemployed is the way to prosperity.
Under Obama these past two years, the nation relied
on the U.S. government to pull us out of the ditch. But Obama’s $787 billion
stimulus, his three deficits of 10 percent of GDP, and Ben Bernanke’s tripling
of Fed assets by buying the bad paper of big banks and $600 billion in U.S.
debt all failed.
For Republicans to agree now to a tax increases that
would violate their principles, their promises to the voters and their basic
philosophy — and be icing on the cake of Obama’s debt-ceiling increase — would
be politically suicidal.
Indeed, were the Republican Party to do this, it
would raise the question of why we need a Republican Party.
These might be related:
Is a U.S. Default
Inevitable? Share… By Patrick J. Buchanan We were blindsided. We
never saw it coming. So said… Let Russia Default! Share… By Patrick J.
Buchanan – June 9, 1998 Why would Republicans even think of… Is a Bond Crisis
Inevitable? Share… By Patrick J. Buchanan With Christmas shoppers
out in force and the stock market… Is Obama
Only Postponing the Inevitable? Share… By Patrick J. Buchanan In deciding to pull
all of the 30,000 troops from… Was the Holocaust
Inevitable? Share… by Patrick J. Buchanan “What Would Winston Do?”
So asks Newsweek’s cover, which features… Obama Blows up the
Bridge Share… By Patrick J. Buchanan “Rather than building bridges, he’s
poisoning wells,” said Rep. Paul… Fatal Flaw of
Democracies Share… by Patrick J. Buchanan “We just can’t afford
it!” Not long ago, every America… Socialist Republic Share… By Patrick J.
Buchanan Barack Obama and George W. Bush seem to have come… America’s Bubble Economy Share… By Patrick J.
Buchanan – April 28, 1998 Now that the Dow has crossed… Pitchfork Time Share… By Patrick J. Buchanan
In his campaign and inaugural address, Barack Obama cast himself…’
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Paul Joseph Watson: 2011 – World In Crisis PrisonPlanetLive
Will Strauss-Kahn Be The Next President Of France? Paul Craig Roberts
Libertarian Party Asks Florida Sheriffs To Arrest TSA
Agents Steve Watson
TSA Violates Its Own Policy To Stem Tide Of Pat Down
Abuse Footage Paul Joseph
Watson
Nigel Farage: The Worm has Turned You Tube
Comic:
The Facebook Wall of the United States at
Minyanville http://image.minyanville.com/assets/FCK_Jan2011/Image/Schuster/Facebook%20of%20America.gif
War
In Libya: NATO runs out of bombs, Germany going to supply munitions RT
‘War
is a war even if they call it a humanitarian mission’ RT
‘Mini-surge’
of U.S. Special Forces to hit Afghanistan Stars and Stripes
Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he
already has the footage in the can since you won’t be able to use the moon
footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com -
Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body. First fake moonwalker blasts Obama's space plan msnbc.com -
Bill Ingalls - The first man to pretend to
walk on the moon blasted President Barack Obama's decision to cancel NASA's
back-to-the-moon program on Tuesday, saying that not going with the new movie
is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the
dutch national museum - a supposed moon rock from the first manned lunar
landing - is nothing more than petrified wood, ...bbc news bbc news | europe |
fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock
given to an overseas politician by the united states is actually a lump of
petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch
museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national
museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by
american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
A
fight over what we can keep In
Minnesota and elsewhere, the struggle is over what is promised versus what is
affordable. (Washington Post) [Will Your Pension Be
Worthless? Mac Slavo States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Minnesota government
shuts down Politico Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden
Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )
Drudgereport:
UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
Riot
police braced for violence as union protesters march in cities across the UK
and strike closes a third of all schools Riot police were put on standby in
anticipation of trouble in Central London, as anarchist group Black Bloc
threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.
Erik Wemple : Will Media Matters stay on Beck?Nor is the notion of ‘blue blood distinction’ a positive
and more likely a negative inasmuch as with rare exception (ie., Puritans,
infra, etc.) initial immigrants had less rational basis for coming to the wilds
of this new land and probably had few prospects in their home countries as
compared with later immigrants to whom could be attributed a rational decision.
In other words, for example, I believe the ancestral bushes would have been
criminals in their ‘nation of origin’, etc.. It is the notion of inherent
american criminality that I believe frightened Alex Jones et als the most and
their felt need to resort to censorship they so protest as to themselves. The
only paper / media /news disseminator I’ve found (I sampled many, including the
biggest) to be true to the first amendment while retaining the highest of
journalistic standards and quality is in fact The Washington Post (of
Washington no less where the temptation to greece (sic) grease the skids for
the pols in return for access must be great; instead, when the pols, etc., see
a Washington Post Reporter / Journalist / Correspondent the reaction is more of
a, ‘we better get our facts in order’; and I’m
not saying this to ‘stroke’ what I consider to be the last and truly only great
newspaper in america, viz.,’ The Washington Post’. While some may say my statistical sampling
to be less than random or large enough, I’d reply that such inferences are indeed
accurate, and that such disciplines as the simplex algorithm / management
science, linear algebra, statistics came very easily to me, and that I’d surely
know the difference. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...'
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible
knot'...
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... CA Prison Shrink Paid $838,706 Last Year... No
recession for 454 White House aides: They'll make $37,121,463 this year... United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN... NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'... Attorney:
Case Was 'Media Assassination'... 'Now
you have learned a lesson'... CBS
host breaks down... 'TOT
MOM' CLEARED BY COURT...
JURY: NO MURDER! Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Bachmann:
Media wants 'to see two girls come together and have a mud wrestling
fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come
together’ sounds about right … playing ‘victim’ does not become a presidential
candidate. ] ...
Palin:
Hollywood stars as 'full of hate'... ["What would make someone be so full of
hate?" palin asks … answer: resistance to someone as dumb and full of
war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire... 'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON... 'What
happened?' But
he gets to keep his hair... Fitz
finally wins one!
GUILTY
IN CHICAGOLAND... 17
of 20 counts... Tried
To Sell Obama's senate seat... Jury
DEADLOCKED on Rahm shakedown... Blago
to lawyer: 'What happened?' 'Stunned'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported
that Diana had another ‘potential challenger in the oven’ at the time of her
death and we all know how dicey such english affairs of state can be (ie.,
Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having
brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill
Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William
will require some substantial therapy to sort out this looming conflict. After
all, Diana was his mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Watch
the Market, Not CNBC at Forbes
Should You Sell into this Rally? [ Yes! ]
Simon Maierhofer July 1, 2011 ‘Buy low, sell high. The major U.S. indexes a
la Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) are
higher today than many expected a few weeks ago. Does that mean it's time to
sell?
A
smart person learns from his own mistakes, a wise person learns from the
mistakes of others. Let's see where others have gone wrong in the past and what
it means for us right now.
Don't Be a Herd Seller
The
worst time to sell is usually when everyone else is selling (there's one caveat
we'll discuss in a moment). This was the case last summer when the term double
dip popped up everywhere.
Investors
who succumbed to selling double dipped themselves right out of the market at
the worst time.
A
similar pattern occurred just a few weeks ago. Within six weeks of the May 2
highs, investors turned nearly as bearish as they were during the 2010 summer
sell off. But there was one major difference. From April - June 2010 the
S&P fell over 200 points and stood as low as 1,010.
http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif
The
recent slump only erased only as much as 110 points and saw the S&P no
lower than 1,255. Yet, sentiment became nearly as bearish as it was in June
2010. From a contrarian point of view that was bullish (see chart above).
So Bad, It's Good
In
fact, things had become 'so bad, it's good.' The chart of the Citigroup
Economic Surprise Index shown below, along with the sentiment measures shown
above (both originally featured in the June 18 ETF Profit Strategy Newsletter),
suggested that the stock market (NYSEArca: VTI News
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI%20-%20SP.gif
One
day before the actual low on June 15, the ETF Profit Strategy Newsletter wrote:
'The S&P is probing for a bottom. Technicals and sentiment data suggests
that a bottom has either been found or is close. A drop into the 1,259 - 1,245
range, would prompt us to close out short positions and leg into long
positions.' The very next day the S&P slid as low as 1,258 and has
recovered nicely since.
A Tough Call
Over
the recent past, we've become conditioned to expect that every sell off will
eventually lead to new highs. This was the case in January and April 2010 and
in March 2011.
But
the market is unpredictable and there is no such thing as a sure thing. In May
2008 for example, a spirited rally propelled the S&P (NYSEArca: VOO News
But
that was the end of the rope. Within less than a year the S&P lost more
than 50%. High-flying sectors like technology (NYSEArca: XLK News XLF News
The
May 2008 rally retraced 57% of the December 2007 - March 2008 decline. The
current bounce has retraced 63% from the May 2 - June 16 decline. Discerning
eyes will see that this is more than the Fibonacci 61.8% retracement common for
counter trend rallies.
This
could well mean that new highs are on the horizon. However, the VIX (Chicago
Options: ^VIX) is currently back down to 15.38. Its May 2008 low was 15.82.
There
is also a target for a potential head and shoulders top and the 78.6% Fibonacci
retracement between 1,333 - 1,347. Any weakness in this area would be a red
flag while a push beyond the 78.6% retracement would be very bullish.
Should You Sell Now?
The
S&P is not there (1,340) yet, but when it gets there it would be worth
taking a stab at shorting the market with a tight stop-loss. Why?
It
could be a high reward trade. Negative sentiment can at times become a
self-fulfilling prophecy. When that's the case, the market moves quickly and
doesn't give investors a chance to lock in long profits and establish cheap
short positions (remember 2008?).
Entering
a short position against such resistance is a low-risk, high reward set up as
long as it's done with surgical precision and tight-stop losses (and the
flexibility to go long if resistance is broken).
We
know it works because we've successfully shorted against important Fibonacci
resistance of 1,369 (sell recommendation in May 1, ETF Profit Strategy Update),
while covering shorts and going long at support of 1,259 (buy recommendation in
June 15, ETF Profit Strategy Update).
Is
this approach fail proof? No. But here's why selling into resistance does work.
Imagine a car driving on a long road with a few traffic lights. If the car is
going to stop, accelerate, or make a U-turn anywhere on the road, it will most
likely be at a traffic light. If the S&P is going to reverse, it will
likely be at support/resistance …’
Going
Short the Dow at Minyanville /
Dangerfield [ Because of the inherently dangerous nature of short-selling
(potential loss of more than your investment, wiped out; though straddles,
option strategies can militate against said risk) I consider same more a
speculation than investment strategy. Yet, in this contrived, manipulated (for
month, quarter, half window dressing), overpriced market, I’m constrained to
say that if you were so inclined to try your hand at it, now would be a perfect
time. ] http://blogs.minyanville.com/idril-dangerfield/files/2011/06/DIA-6-29-11-300x162.png
All
Dressed Up [ and nowhere to go … but down! ] at The Wall Street Journal
Mark Gongloff ‘The week-long
stock rally got turbocharged today, pushing the Dow easily into the black for
the quarter and nearly bringing the S&P with it. How long it lasts is a
different story.The Dow jumped
153 points today and is up 480 points, or 4%, in the past 4 days. This is the
biggest four-day percentage gain since last September. The Dow ended the quarter
0.5% higher and is now 7% higher on the year.
The S&P
and Nasdaq each gained 1% on the day and are up 4% and 4.5%, respectively, for
the 4-day run. Both ended the quarter slightly in the red.
If there was
any downside to this up-fest, it was the financials, which gained just 0.4% on
the day. But they’re the only sector in the S&P 500 still down for the
year. Everything else is up, as are the Russell 2000 and the Dow Transports,
which dipped into the red for a while there.
Bonds,
meanwhile, have gotten crushed during this stretch, pushing the yield on the
10-year note up 35 basis points, from 2.8% to 3.15%. The dollar’s down, too,
with the euro surging to $1.45.
So what does
it all mean? Dave earlier pointed to signs the market may be expecting an economic rebound . So far we have only one Chicago PMI
report to support hopes of a big bounce in growth, but OK.
There’s also
Greece, whose day of reckoning has been postponed for a little while longer.
And finally
there’s quarter-end window dressing, which still seems to make a lot of sense
as a theory, given the utter lack of volume during the stock-buying frenzy
(though the bond-selling frenzy has seen quite a lot of volume).
To me, it
feels more like a combination of all three — we’re pricing out economic
collapse and an imminent Greek default, while also prettying up the numbers at
the end of the quarter.
Fair enough.
From here the sledding gets harder. The economic data aren’t going to be pretty
for a little while, and earnings expectations are too high. And QE2, which
boosted stocks by 25%, has sailed for the last time.’
Minyanville's
T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter
Window-Dressing? [ No! ] at
Minyanville
Moody's warns may downgrade U.S. muni debt ratings
Why The Dow Will Plunge To 7,000 24/7 Wall St. June 28, 2011 ‘ One theory of economics says that any
market can return to a point where it has been in the past. The Great Recession
was, by some measures as bad as the Great Depression. Unemployment was 3.6% in
November 1966. It was at 4% in December 1999. There is no precedent for zero
unemployment, but those two periods came close.
Recent movements in the stock market could repeat themselves as
the economy lurches toward another recession. The DJIA fell to just below 6,630
on March 2, 2009. Back in October 2007, 17 months earlier, it briefly traded
above 14,000. What happened? The most frequent answer is the recession that
lasted from December 2007 until June 2009, a period determined by the National
Bureau of Economic Research, caused the collapse. The recession lasted 18
months, which made it the longest of any downturn since World War II.
The DJIA could drop below 7,000 again before the middle of next
year, down from 12,000 where it trades now. The market fell over 50% last 2008
and 2009. A correction to 7,000 this time would be 42%.
The major drivers of a sharp drop in the DJIA would be:
1. RECOVERY IS UNEVEN
Some regions of America are almost economically dead. The first
reason the market is likely to plunge is that the current recovery is a
35-state recovery and not a 50-state one. The US economy is not running on all
its cylinders now. It runs on about two-thirds of them during a good quarter.
There has not been and will not be much of a recovery in Nevada,
Michigan, Florida, California, Rhode Island, Ohio, Illinois, Louisiana, South
Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho and Mississippi.
Some areas of these states lack important growth industries - particularly
technology, farming, oil drilling, or the large employment bases that accompany
federal and state government employee concentrations. Many areas that counted
on construction to bolster their economy can no longer do so. Unemployment will
stay at or above 10% in parts of these states and large cities like Las Vegas,
Detroit, Stockton, and Providence. Most have negative GDP growth. The US
economy cannot grow at a rate of 3% or better, which some economists are
forecasting for the second half of the year, if large regions of the
country are shrinking economically.
2. UNDERWATER MORTGAGES
More than a quarter of US mortgages are underwater. Economists
use several ways to measure the housing market disaster such as foreclosures,
delinquencies, home price drops, housing start and new and existing home sales.
None of these captures the heart of the market the way underwater mortgages
statistics do. A home with an upside down loan can rarely be sold without the
seller taking a huge financial hit. These homes are likely to become a
financial burden to the homeowners who cannot afford their mortgages and see no
hope that their houses will ever regain their value. Housing expert Robert Shiller
says home prices could drop another 10% this year. The ripple effect from a
rise in underwater mortgages will affect everything from bank earnings to
consumer credit to consumer spending. The real estate problem is a drag on the
economy and it is one that will get worse.
3. STOCKS ARE EXPENSIVE
Many market analysts believe that this is nearly a perfect time
to buy stocks. Yields on bonds are low. Gold price are unstable. The S&P
500 EPS will be $100 this year based on many forecasts. Is a twelve multiple on
that inexpensive? Perhaps. But if so, that indicates that the Dow should be
trading about where it is now. S&P 500 earnings, however, will start to
decline soon and in some industries they will disappear entirely. The process
has already begun among consumer products companies, retailers, grocery chains,
and transportation companies like airlines. Even tech firms like Oracle have
signaled that growth has slowed. Jim Cramer mentioned a long list of “cheap”
shares on “Mad Money” in October 2007. Stock looked “inexpensive” in late 2007.
That only lasted until corporate earnings collapsed.
4. INFLATION IS A PROBLEM
No matter what the Federal Reserve says, inflation is in full
bloom. The Bank for International Settlements just warned policymakers and
world leaders that central banks need to raise interest rates. Otherwise, the
BIS stated, the price of commodities will continue to march higher. Chinese
inflation hit a 34-month high in May despite rapid tightening by banks there.
The core of this rise was food prices, which were up 11.7% for the month. The
US cannot claim, at least for long, that it is one world and Asia, Africa, the
Indian subcontinent, and parts of South America are another. The prices of
critical commodities such as wheat, corn, oil, and cotton are well above where
they were two years ago, and with some occasional dips, are still rising.
Americans cannot afford higher and higher food and clothing prices when their
median incomes are not moving up. Inflation is a poison to consumer spending and
to the profit margins of companies that have commodities or
transportation-based businesses.
5. COMPANIES HORDING
Companies are still holding their cash. A McKinsey and Co.
report published in May stated that European and US companies have excess cash
of more than $2 trillion. Firms like Apple and Google have accumulated
multi-billion dollar cash hordes and have elected to hold that money even at
extremely low yields. Other firms like McDonald’s have elected to distribute
cash through share buybacks and high dividends. Most major banks have raised or
reinstated dividends. Cisco has begun to pay a dividend. Companies as diverse
as CVS/Caremark Corp., Family Dollar Stores Inc., and Schlumberger Ltd. have
raised their payouts. Dividends help people who own a lot of shares in the
companies in question. They do nearly nothing for people who hold small
portfolios or who are broke and unemployed. Cash not used to create jobs either
directly through hiring or indirectly through capital expenditure does not help
the economy.
6. EVERYONE'S SHEDDING THEIR WORKFORCE
Companies are no longer adding jobs and governments are laying
off employees. The May unemployment numbers told a story of a stagnant job
market. Recent jobless claim levels have confirmed it. The private sector has
become worried about GDP which has only grown by 2% recently. That is not
enough for many firms to decide to add significant numbers of workers. And,
unemployment rates are now being moved higher by government layoffs, a result
of the “new austerity." The new federal government budget is likely
to make matters worse. The Brookings Institution recently said in its
Government Employment and Economic Recovery that the single biggest threat to
the economic recovery of many cities is layoffs of government workers.
7. CHINA'S SLOWING ECONOMY
China’s economy will slow considerably. The economic dynamics of
China combine high food costs with faltering purchasing and manufacturing.
China’s factory output is no longer growing and it is entering what it would
view as a recession by the standards of the People’s Republic-a growth rate
well below its typical 10% of better. Goldman Sachs recently chopped its
forecast for China GDP. High oil prices contribute according to the investment
bank. Faltering demand for China’s exports is another. American exports to
China rose 32% in 2010 to a record $91.9 billion, and have surged 468% over the
past decade, according to the U.S.- China Business Council. Americans usually
complain about the heavy flow of China exports to the US. But, many American
industrial and service firms need China sales to bolster their bottom lines.
8. GREECE IS TANKING
Greece will go under and take many other small EU nations with
it. Austerity measures by Greece will not save it from default according to
most credit experts. Even if budget and wage cuts buy the nation some
time, the lack of stimulus will ruin a job market which already has a 40%
unemployment rate among its youth. Ireland and Portugal have similar problems.
A series of defaults among the nations may damage the bank and credit system
more than the collapse of Lehman. It will certainly decimate earnings and
balance sheets of many European banks. The EU portion of the global bank system
could go into a state of shock that would cripple the global credit process.
Another by-product of ruined banks is that access to the capital needed to
drive economic growth will disappear. A sharp slowdown of EU consumer spending
will cripple the US export economy, particularly if combined with a slowdown in
China.
Douglas A. McIntyre ‘
Fed’s
‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the
economy by buying $600 billion in bonds ends Thursday. (Washington Post) [
Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own words and
stated mission and purpose. And, count on more fake data; ie., today’s near
meaningless in terms of reality ‘fake’ jobs report which they hope will keep
the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard
unemployment rate most often used by the Fed is currently at 9.1%, up 90% since
Bernanke started. The more inclusive (realistic) U6 number stands at
15.8%, up 75% in the same period. The Civilian Participation Rate has
declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ‘.
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [
How ‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used previously
by senile ‘maestro’ greenspan and failed miserably except for the frauds on
wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Inflation Expectations Are Heating Up
Geithner
weighs exit after debt deal is finalized Treasury secretary, who’s wanted
to leave for some time, won’t go without Obama’s support. Departure would come
as economy remains troubled. (Washington Post) [ Tiny Tim leaving? God bless us
everyone! Troubled economy? That’s an understatement! Troubled in part owing in
part to Tiny Tim’s incompetence and proclivity toward fraudulent wall street
(hey tiny tim, tell us what happened to that $4 trillion at the new york fed
when you headed same). Though, to be fair, tiny tim’s had plenty of company in
the incompetence department; viz., wobama the b (for b***s***), and, inter
alia, ‘no-recession-helicopter-ben-bs-bernanke’ … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated,
“the best way for the Federal Reserve to support the fundamental value of the
dollar in the medium term is to pursue our dual mandate of maximum employment
and price stability, and we will certainly do that.”…Let’s look at the results
of Bernanke’s economic “fine tuning” (using data from the St. Louis Fed’s
database, starting in February, 2006, through April 2011), and see if he has
successfully pursued this mandate…
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
… it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be significantly
higher. While we can debate the meaning of the term maximum employment,
it is clear that the jobs data has deteriorated considerably since Bernanke
took the reins at the Fed. Mandate not accomplished…
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding … ’
Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
A Mid-Year Review and Full 2012 Outlook Simon
Maierhofer, June
28, 2011,
Time flies.
The 2011 calendar year is already half over, and based on the main stream 2011
outlook, the market's performance surprised many. I forgot just how bullish
Wall Street and the media was when coming into 2011. Look at the headlines
below and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S.
stocks may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the
media with 20/20 hindsight is always a blast, but I must admit that I was too
chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various
support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News ), industrials (NYSEArca: XLI - News ), materials (NYSEArca: XLB - News ), retail (NYSEArca: XRT - News ) and technology (NYSEArca: XLK - News ) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy
Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In essence,
the S&P is currently stuck in a technical vacuum. The trading range is
1,250 - 1,300. There are plenty of folks who still believe the 'bull market' is
not yet over while the investing crowd has turned notably bearish (generally a
bullish signal). From a technical point of view, new highs are still possible.
The Presidential
Election Cycle, which sports gang buster pre-elections year performance,
supports the idea of new highs later on in 2011. Naturally, the incumbent
President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans
designed to 'bribe' investors include maneuvers like releasing a portion of the
U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into
the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News ) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other financial
tricks include changing how the Consumer Price Index (CPI) is calculated.
Lawmakers are proposing to change the CPI methodology to include changed
spending patterns caused by price increase. For example, consumers tend to
drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News ) from banks (NYSEArca: KBE - News ) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it
always). But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected. We also know that crucial support at 1,255 has held.
Even though the market behaved like a significant top had been reached, it
failed to confirm it thus far.
The key
question is whether the upper end of our target range will be tested or not. At
this point it is too early to see, but that doesn't mean we are 'flying blind.'
The S&P
(and any other major index) won't rally to new highs unless they break key
resistance. Our strategy as of late has been to sell against resistance and buy
against support. This has worked like a charm. Once resistance is broken, we'll
buy against resistance and sell against support. This will keep investors on
the right side of the trade regardless of what the market has in store for us…’
Why your local Hospital could soon shut down
(StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Top 3 Reasons Markets Were Up For the Fifth Consecutive Day [ I don’t believe any of the data / reports
which experience / reality says, owing to desperation including pre-election
year, is invariably fudged, faked, fraudulent. ] July 1, 2011 ‘With five straight days of gains, the markets close
their best week in two years as we head into the 3-day weekend.
Markets closed
up on Wall Street today: Dow +1.36% , S&P +1.44% , Nasdaq +1.53% , Oil
-0.76%, Gold -1.10% .
On the
commodities front, Oil (NYSE:USO) made a reversal, down 0.76%, settling
at $94.72 a barrel. Precious metals continued to decline for their second day,
with Gold (NYSE:GLD) dropping to $1,486, while Silver (NYSE:SLV) dropped 2.78%
to $33.87.
Today’s
markets were up for the fifth day in a row because:
1) Greece to
receive new bailout package. Markets have been up all week, first in
anticipation that Greece would approve austerity measures, then because they
had been approved and the country would likely receive the final 12 billion
euros in their aid package, and now because they might be receiving another 85
billion euros in a second aid package , funded by European nations, private
investors, and the IMF. And the good news keeps coming…
2) ISM
manufacturing index. The index showed that the manufacturing industry grew
significantly in June after economists had expected it to decline. This marked
the 23rd month in a row that the index showed growth, up 1.8 points from May to
55.3 in June.
3) Consumer
discretionary spending on the rise. The consumer discretionary sector is only
10 points below its bull market high from May 12, up 8.3% since June 16. Today
consumer discretionary stocks led the markets, though it may not be a sign of
consumer strength but “ credit-fueled shopping binges “…’
June
U.S. ETFs Trading Volume Ranking [Where the money’s going … into their
pockets and out of yours … in real economic terms, the now computerized
commissioned churn and earn is a substantial net negative and part of the
reason, along with the substantial frauds, economic decline will continue in a
very big way! ] at Bloomberg (Fri,
Jul 1) The average
daily volume for the past 20 trading days of U.S. listed exchange-traded funds
(ETFs) decreased 0.1 percent to 1280.2 million shares, from 1281.2 million
shares a month earlier. The following table ranks 1285 U.S. listed ETFs by
their 20-day average trading volume…
June
U.S. ETFs Performance Ranking by Styles at
Bloomberg (Fri, Jul 1)
June
U.S. ETFs Trading Volume by Styles at
Bloomberg (Fri, Jul 1)
15
Worst Housing Markets for Next 5 Years -
Business Insider The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005,
we're sorry: over the following six years it depreciated in value by more than
54.3%.
And the
rebound -- if there is a rebound -- won't come soon…’
Summer
Rally Arrives On Schedule With A Big But at Forbes
For example,
it tends to make most of its gains in the winter months and experience most of
its corrections in the summer months, as expressed in the old adage ‘Sell in
May and Go Away’.
And just as it
did last year, this year the market made good gains in the winter months, then
topped out in late April, and was in a correction in May and most of June.
The
shorter-term seasonal pattern is that the market is usually positive in the
days surrounding the end of months, in what I have always called the ‘monthly
strength period’, and particularly in the days approaching and surrounding the
July 4 holiday. July also tends to be the most positive month in the market’s
unfavorable summer season. Thus the tradition of a summer rally.
After being
down eight of the previous nine weeks the market was short-term oversold going
into this week. My technical indicators triggered a short-term buy signal and
I’ve been predicting a brief short-term rally off the oversold condition, but
also that the tendency for the market to be positive in the days surrounding
the July 4th holiday, was likely to keep an oversold rally going
into a sustained rally for awhile.
It’s uncanny
how events usually work out with a timeliness that supports the seasonal
patterns. The seemingly endless stream of dismal economic reports continued
this week, but a couple of bright spots also showed up.
There was
relief that the Greek Parliament passed the painful austerity measures required
for Greece to receive additional bailout funds to prevent it from defaulting on
its debt (or at least postpone its potential default). The rally got an
additional boost from that.
And although
economic reports included that construction spending fell again in May, that
Consumer Confidence fell again in June (to a 7-month low), that weekly
unemployment claims remained high at 428,000 last week, there was also the
report that manufacturing activity, which has been declining for several
months, unexpectedly picked up some in June, with the ISM Mfg Index rising to
55.3 from 53.5 in May. That gave the market another big boost on Friday.
The ‘monthly
strength period’ is due to continue through Thursday of next week.
But it’s not
just seasonality that says the rally is probably only a short-term summer
rally, with the correction likely to resume to lower lows when the rally ends.
Technically,
volume in the rally is very light, less than 0.8 billion shares traded daily on
the NYSE, compared to as many as 1.6 billion on the down-days during the
correction. That indicates that large institutional investors selling during
the correction, are not believers in the sustainability of the rally and are
not participating.
Also
technically, the unusual spike-up of the last five days has the major indexes
already short-term overbought above their 21-day moving averages, the opposite
of their short-term oversold
On the
economic fundamentals, another bailout of Greece, and a one-month bump in the
ISM Mfg Index are hardly an indication that the economic slowdown has ended,
given the continuing dismal reports on consumer spending, consumer and business
confidence, the depressed housing industry, and the jobs picture.
So enjoy the
rally. It arrived on schedule.
But be careful
about determining too quickly that it marks an important bottom or the end of
the global economic problems.’
Precious
Metals: Long-Term Trend Positive, but Correction Not Over at Minyanville
See
It, Market: Gold and Silver Under Pressure at Minyanville
Third
Quarter Outlook: Life After QE ETF
Trends ‘…markets
have been propped up by artificial support from the Fed …’
Will Your Pension Be
Worthless? Mac Slavo
US Fed’s QE2
stimulus ends with a fizzle AFP
Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History
CNS News
MORE
CONFIRMATION: The World Economy Is Rolling Over Business Insider
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden
Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated
by homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the
foreclosures that pits people against wall street and it aint just suburbia. No, there is no modern day alchemy that spins
worthless paper into gold except fraudulently for the frauds on wall street
who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and
gold, precious metals, at everyone else’s expense including main street. The
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and now failed miserably except for the frauds on wall
street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of reality, factual and
otherwise (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago
ISM is up as even their youth gangs are showing increased criminal activity
which probably accounts for the rise; ie., meth, crack labs, etc.?). Foreclosure, distressed sales up, at least on paper
with contracts signed, so no surprise nor reason to cheer here, as markets
worldwide jump on the american crazy train for a short-lived bounce as all
problems remain. This is the same month end
(and quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! Talk about milking the greek crisis for the
umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and neither
does Schaeffer who says:
‘…even once such a package is passed it only buys time. Actually fixing the
fiscal condition of Greece is not something that can be solved in a matter of
weeks, or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
Another
Financial Crisis Is On The Way, Mobius Says Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of reality, factual and
otherwise (ie., fake reports, data, as, ie., wobama hometown corrupt chicago
ISM is up as even their youth gangs are showing increased criminal activity
which probably accounts for the rise, meth, crack labs, etc.?). Foreclosure, distressed sales up, at least on paper
with contracts signed, so no surprise nor reason to cheer here, as markets
worldwide jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! ] This week the S&P 500 surged 2.6% from a week
ago, to close at 1,320. The equities index has nearly reversed its one-month
drop, after closing at 1,331.10 on May 27.
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
This chart
plots the S&P 500 index against an inverse of the 4-week average of initial
jobless claims. If you can excuse the tiny font, the chart illustrates a tight
and curious correlation between these metrics since December 2006...’
FBI
catches manipulators of stocks Case highlights the risks of penny stocks,
which are easily manipulated because they trade so thinly and for extremely low
prices -- sometimes fractions of a cent. (Washington Post) [ This is welcome
news no matter what. The low end’s always been a favorite (though not excluding
the higher end) of the mob who’ve been known to work closely with fraudulent
wall street, cia (then there’s also the money laundering) ( http://albertpeia.com/FBIAgentAffidavit11.jpg ) .
Yet, reality requires that the FBI, SEC, DOJ, etc., update their
computer savvy / proficiency sufficient to fully understand and appreciate the
magnitude and scope of the current wall street frauds / scams in terms of
damages, efficiency, and cover-up so detrimental the health of this and other
nations; economic, financial, and otherwise.
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Jobless
claims at 428,000 much worse than expected; and, don’t forget, these are
desperate ‘pre-election times’ when regardless of factual reality (ie., fake
reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even
their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) fudged / faked data /
reports are used / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This
is the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys
time. Actually fixing the fiscal condition of Greece is not something that can
be solved in a matter of weeks, or even months… ‘ but
it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of investors
are about to get clobbered. This correction could begin as soon as June 30th – so it’s important that you take action now to
prepare yourself. StealthStocksOnline.com
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (WP) [ No surprise here given the
prior and continuing defacto complicity in wall street’s enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This
catering to fraudulent wall street was a loser ab initio! That so-called
‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan
and failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense including
main street. ] Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all,
Mr. ‘wobama aficionado’, aka Mr. Milbank. How about the vast and overwhelming
majority of this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person
who minces no words as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'...
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
National / World
An Actionable Plan for 9/11 Truth and Justice Senator Mike Gravel
TSA Repeats Same Lies About Safety Of Body Scanners Steve Watson
Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt Nimmo
British Government Devised Propaganda Campaign To
Downplay Fukushima Paul
Joseph Watson
Founders Without Whom America Would Not Exist Chuck Baldwin
Unemployment:
No Extended Benefits For People Laid Off From Now On Arthur Delaney
White House to pay $37 million in salaries for 2011
Ron Paul outraises Jon Huntsman, Tim Pawlenty with $4.5+
million The State Column
India Offers Free Cars In Return For Sterilization BBC News
TSA Repeats Same Lies About Safety Of Body Scanners Steve Watson
Radioactive Waste Dumped in Open Pits Outside Los Alamos
National Lab Washington’s
Blog
AFRICOM: AF, Navy still flying Libya missions Air Force Times
Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt Nimmo
British Government Devised Propaganda Campaign To
Downplay Fukushima Paul
Joseph Watson
13 die as van hits roadside bomb in Afghanistan
Minnesota government
shuts down Politico
10 Reasons Why Lindsay Lohan Is Right About The Federal
Reserve And The Price Of Food The
American Dream The other
day, her Twitter account sent out the following message: “Have you guys seen
food and gas prices lately? U.S. $ will soon be worthless if the Fed keeps
printing money!” Well, it turns out that
it was a “sponsored tweet” that Lohan was paid to send out, but in a subsequent
tweet Lohan explained that “i actually do care about gas and food prices, so
whether it’s an #ad or no, it’s important for people to be aware of it.” Okay, so we probably will not see Lohan at
any “End the Fed” rallies, but it turns out that in her own bizarre way she has
brought a little bit of attention to some very important issues. Food and gas prices are skyrocketing, and a
lot of the blame for that can be placed on the shoulders of the Federal
Reserve.
So does Lindsay Lohan really understand what is going on in the world of
economics? Of course not.
But if we can get celebrities talking about the Federal Reserve and
rising prices that is a good thing. Why?
Well, because Americans listen to celebrities. When a top celebrity says something
controversial it gets a lot of attention.
The more attention that we can draw to the problems the Federal Reserve
is creating the better.
The reality is that the Federal Reserve has been at the heart of our
economic problems for decades but most Americans don’t understand the Fed or
how it works. The more Americans that
get educated about the Federal Reserve the better.
The following are ten reasons why all Americans should be concerned
about the Federal Reserve and rising food prices….
#1 What we are witnessing right now is part of a long-term inflationary
trend. Since the Federal Reserve was
created in 1913, the U.S. dollar has lost over 95 percent of its value. An item that cost $20.00 in 1970 would cost
you $116.48today. An item that cost
$20.00 in 1913 would cost you $456.49 today.
#2 Over the past couple of years, the Federal Reserve has used a process
called “quantitative easing” to pump hundreds of billions of new dollars into
the financial system. This has helped
push the cost of food, gas and just about everything else up. Even though “QE2″ has now come to an
end, the Federal Reserve has announced that they are going to continue to
“reinvest” hundreds of billions of dollars into the financial system.
#3 The Federal Reserve is not the only central bank that has been doing
this sort of thing. Sadly, central banks
all over the world have been recklessly printing money over the past several
years. This is creating inflation all
over the planet.
#4 Prices are going up but wages are not. One recent survey found that 9 out of 10 U.S.
workers do not expect their wages to keep up with soaring food prices and
soaring gas prices over the next 12 months.
#5 We have already seen a tremendous amount of food inflation in the
United States during the last 12 months.
According to a recent CNBC article, over the past year many of the most
popular foods in America have absolutely skyrocketed in price….
Coffee, for instance, is up 40
percent. Celery is 28 percent higher while butter prices rose 26.4 percent.
Rounding out the top five are bacon, at 23.5 percent, and cabbage, at 23.3
percent.
#6 In many areas of the world food inflation is far worse than it is in
America. Over the past year, the global
price of food has risen by 37 percent and this has pushed approximately 44
million more people around the world into poverty.
#7 When the Federal Reserve and other central banks create new money, it
usually goes to big banks and major financial institutions first. So what have the big banks and the major
financial institutions been doing with this new money? Well, they have been sinking a lot of it into
hard assets such as oil, precious metals and agricultural commodities. Over the past 12 months, almost every single
agricultural commodity has risen substantially in price. For example, the global price of wheat has
approximately doubled over the past year.
But it is not just wheat that has been skyrocketing. Check out what a recent Bloomberg article had
to say about what has been happening to many key agricultural commodities over
the past year….
Corn futures advanced 77
percent in the past 12 months in Chicago trading, a global benchmark, rice
gained 39 percent and sugar jumped 64 percent.
#8 Many areas of the world are experiencing severe drought right now,
and this is also harming food prices.
For example, the Horn of Africa is experiencing the worst drought that
it has seen in 60 years.
#9 The United States is also having crop problems as well. All of the flooding, wildfires and tornadoes
that we have seen this year have certainly not helped things. There is even a major “east coast stink bug
epidemic” which is causing chaos for large numbers of farmers. In general, U.S. agricultural production has not
been blessed this year. It just seems
like there is crisis after crisis.
#10 A lot of agricultural production that would go for food is now going
for other purposes. For example, almost
a third of all corn grown in the United States is now used for fuel. This is putting a lot of stress on the price
of corn.
So how concerned about food prices should we be?
Well, renowned investor Jim Rogers recently put it this way….
“We’ve got to do something or
we’re going to have no food at any price at times in the next few years.”
That doesn’t sound good.But it is not just the price of food that is
going up. The price of gas has also gotten crazy.Right now, the average price
of a gallon of gasoline in the United States is approximately $3.54 .One year
ago, it was $2.76. Thankfully, the price of gas has actually come down a bit recently. Earlier this year it hit $3.99.
Sadly, back in the 90s you could go to just about any gas station and
fill up for about a dollar a gallon.
Over the past couple of years we have gotten comfortable with outrageous
gas prices, but the reality is that what we are seeing now is part of a very
disturbing long-term trend….
Health care costs are also spinning out of control. In a recent article abouthealth care
statistics, I noted some of the stats that show that the price of health care
in the U.S. has been absolutely soaring.
The following are a couple of those statistics….
*According to the Bureau of Economic Analysis, health care costs
accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.
*The United States spent 2.47 trillion dollars on health care in
2009. It is being projected that the
U.S. will spend 4.5 trillion dollars on health care in 2019.
Education has also gotten insanely expensive as well. In a recent
article I wrote entitled “Is College Worth It?“, I noted that since 1978 the
cost of college tuition in the United States has gone up by over 900 percent.
Today, Average yearly tuition at U.S. private universities is up to
$27,293. That number has soared by 29%
in just the past five years.
Unfortunately, it appears that things are going to get even worse. Thanks to dramatic budget cuts by many state
governments, it is being projected that college tuition costs are going to rise
even faster this year.All of these rising prices are really squeezing the
budgets of families all across America.
Things are getting really tough out there.So if food prices keep going
up this rapidly, what are we all going to eat?Well, one scientist claims that
he has been able to create an “edible steak” out of human feces.How gross is
that?
But don’t laugh – if the price of food keeps going up this rapidly many
Americans might have to literally eat garbage someday.
The U.S. economy is in the middle of a long-term economic decline and
thousands more Americans fall out of the middle class every single day.
Until the past couple of years, the vast majority of Americans believed
that things would always be wonderful in America.
Now that has completely changed.
According to a new poll by CBS News and The New York Times, 39 percent
of Americans believe that the U.S. economy has now entered a “permanent
decline”.
As prices continue to rise, the number of American families that will
not be able to put food on the table is going to continue to go up. Already there are 44 million Americans on
food stamps. People are going to get
desperate. Society is going to continue
to crumble.
So yes, there are lots of reasons why Lindsay Lohan and everyone else in
America should be very concerned about the Federal Reserve and the price of
food.
Once our economic prosperity is gone it is going to be incredibly
difficult to get back.’
Gerald
Celente: ‘IMF – International Mafia Federation’ RT
TOP 11 TRENDS OF 2011 THE MID-JANUARY ISSUE OF THE TRENDS JOURNAL
WILL FEATURE OUR “TOP TRENDS 2011” — The Trends Research Institute’s compendium
of the dominant trends for the year ahead. The following synopses of these
trends provide insights into some of what to expect. After the tumultuous years
of the Great Recession, a battered people may wish that 2011 will bring a
return to kinder, gentler times. But that is not what we are predicting.
Instead, the fruits of government and institutional action – and inaction – on
many fronts will ripen in unplanned-for fashions. Trends we have previously
identified, and that have been brewing for some time, will reach maturity in
2011, impacting just about everyone in the world.
Wake-Up
Call In 2011, the people of all nations will fully recognize how grave
economic conditions have become, how ineffectual and self-serving the
so-called solutions have been, and how dire the consequences will be.
Having become convinced of the inability of leaders and know-it-all
“arbiters of everything” to fulfill their promises, the people will do
more than just question authority, they will defy authority. The seeds of
revolution will be sown…. Crack-Up
2011 Among our Top Trends for last year was the “Crash of 2010.” … equity
markets were no longer a legitimate indicator of recovery or the real
state of the economy. Yet the reliable indicators (employment numbers, the
real estate market, currency pressures, sovereign debt problems) all
bordered between crisis and disaster. In 2011, with the arsenal of schemes
to prop them up depleted, we predict “Crack- Up 2011”: teetering economies
will collapse, currency wars will ensue, trade barriers will be erected,
economic unions will splinter, and the onset of the “Greatest Depression”
will be recognized by everyone…. Screw the
People As times get even tougher and people get even poorer, the
“authorities” will intensify their efforts to extract the funds needed to
meet fiscal obligations. While there will be variations on the theme, the
governments’ song will be the same: cut what you give, raise what you
take. Crime
Waves No job + no money + compounding debt = high stress, strained
relations, short fuses. In 2011, with the fuse lit, it will be prime time
for Crime Time. As Gerald Celente says, “When people lose everything and
they have nothing left to lose, they lose it.” Hardship-driven crimes will
be committed across the socioeconomic spectrum by legions of the
on-the-edge desperate who will do whatever they must to keep a roof over
their heads and put food on the table…. Crackdown
on Liberty As crime rates rise, so will the voices demanding a crackdown.
A national crusade to “Get Tough on Crime” will be waged against the
citizenry. And just as in the “War on Terror,” where “suspected
terrorists” are killed before proven guilty or jailed without trial, in
the “War on Crime” everyone is a suspect until proven innocent…. Alternative
Energy In laboratories and workshops unnoticed by mainstream analysts,
scientific visionaries and entrepreneurs are forging a new physics
incorporating principles once thought impossible, working to create
devices that liberate more energy than they consume. What are they, and
how long will it be before they can be brought to market? Shrewd investors
will ignore the “can’t be done” skepticism, and examine the newly emerging
energy trend opportunities that will come of age in 2011…. Journalism
2.0 Though the trend has been in the making since the dawn of the Internet
Revolution, 2011 will mark the year that new methods of news and
information distribution will render the 20th century model obsolete. With
its unparalleled reach across borders and language barriers, “Journalism
2.0” has the potential to influence and educate citizens in a way that
governments and corporate media moguls would never permit. Of the hundreds
of trends we have forecast over three decades, few have the possibility of
such far-reaching effects…. Cyberwars
Just a decade ago, when the digital age was blooming and hackers were
looked upon as annoying geeks, we forecast that the intrinsic fragility of
the Internet and the vulnerability of the data it carried made it ripe for
cyber-crime and cyber- warfare to flourish. In 2010, every major
government acknowledged that Cyberwar was a clear and present danger and,
in fact, had already begun. The demonstrable effects of Cyberwar and its
companion, Cybercrime, are already significant – and will come of age in
2011. Equally disruptive will be the harsh measures taken by global
governments to control free access to the web, identify its users, and
literally shut down computers that it considers a threat to national
security…. Youth of
the World Unite University degrees in hand yet out of work, in debt and
with no prospects on the horizon, feeling betrayed and angry, forced to
live back at home, young adults and 20-somethings are mad as hell, and
they’re not going to take it anymore. Filled with vigor, rife with
passion, but not mature enough to control their impulses, the
confrontations they engage in will often escalate disproportionately.
Government efforts to exert control and return the youth to quiet
complacency will be ham-fisted and ineffectual. The Revolution will be
televised … blogged, YouTubed, Twittered and……..’
U.S.:
Iran behind rising troop deaths
Officials accuse Iranian special forces unit of supporting Iraqi militia
groups suspected in attacks. Pentagon
costs rising fast, CBO warns (Washington Post) [ ‘Costs rising fast’ Well,
that’s always been the point; viz., keep those budgets bulging, for theirs and
the military industrial complex’ sake. Oh, riiiiight! Iran’s the one … Iran’s
the boogey man … forget that the invasion of Iraq and consequent war crimes
were based upon lies known to be false! No … reality and rationality says that
pervasively corrupt, defacto bankrupt america is ultimately behind and
responsible for all troop deaths in their misguided, nation-destroying,
nation-bankrupting, people-killing illegal wars. How much will our wars cost? Report says $4 trillion U.S.
cost of war at least $3.7 trillion and counting The final bill will run at
least $3.7 trillion and could reach as high as $4.4 trillion, according to the
research project “Costs of War” by Brown University’s Watson Institute for
International Studies. Pragmatism
may define Gates’s legacy Defense secretary may not be remembered for any
grand ideas but for his stewardship of two wars. (Washington Post) [ What?
What’s this? What parallel universe is this that talks of gates’ pragmatism.
Legacy? What legacy? More contrived, needless war? More defacto bankruptcy and
depletion of treasury for this and other nations? For those who think there’s strategic
thinking behind these global blunders I say ‘wake up’ … look around you … smell
the dead roses! Not that panetta is any
better having turned this nation into but a pińata much like the failed
predispositions which have brought down his home state (pelosi’s, feinstein’s
anyone?). Unless measured in terms of increased heroin trade in Afghanistan, an
increased cia / Hegelian approach to global matters leading ineluctably to new
self-created needs for actions to dispel the ever increasing new problems resulting
from their misguided acts, his tenure must be considered as much a failure as
the failed presidents he’s served so dutifully; and, expect worse from
pińata-man panetta. Like a psychotic serial arsonist employed in a fire
department, creating the very devastating fires they’re called upon to put out,
these appointees are lose – lose scenarios for everyone. Official:
U.S. drone strikes at Somali militants The airstrike makes Somalia at least
the sixth country where the U.S. is reportedly using drone aircraft to conduct
lethal attacks. The latest target: senior members of a militant group linked to
al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military
action these days; but, I really hate somalians … Well done! … I’ll not forget
the way they paraded those 18 dead rangers on a peace mission around … If up to
me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot
(I’m not kidding!). Deaths of four Americans reflect increasing
violence of Somali piracy U.S. Warship Tracking Yacht
Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I
do know that these somali pirates need killin’ and I further believe that open
season on them including using their boats in the water for target practice
makes sense and certainly is morally justified. I’m tired of hearing about
those little weasels … you know, ‘the skinnies’. ] VIDEO:
EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good
reason in Afghanistan, etc., I have been at a loss to understand why they are
not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge!
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary
on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds
on wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with
courage enough to stand up and explain to all that these huge commissionable
computerized trading volumes like never before are a net negative in a very big
way … that’s a fact … that’s economic reality in real terms! … Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
U.S.
looking into 2 detainee deaths A federal prosecutor deepens inquiry into
agency’s harsh interrogation practices during the Bush administration, U.S.
officials say. (Washington Post) [ Oh, riiiiight! That’ll happen … come on!
Fishing for headlines at best, and a futile, self-deluding attempt to make them
feel better about themselves. Everyone knows that bush et als are war criminals
and should be in jail. Moreover, wobama et als have taken over where dumbya
bush et als left off despite campaign promises to the contrary. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person
who minces no words as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant.
But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that
‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
Biological
Anthropologist: Match.com Akin to "Ancestral Mating Dance" at Minyanville
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA: USA 'ALREADY
DEFAULTING'... DOLLAR TO 'LOSE RESERVE
STATUS'
Economy Expected to Have Major Slide in Months Ahead... UPDATE: Minnesota Government
Shuts Down... Washington state closes
tourism office... Florida state workers get
pink slips, more cuts ahead...
FEDS STRIKE DOWN STATE'S BAN
ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal Looks to Secede from
California...
REPORT: U.S. Air Force, Navy
still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement
Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) NEW IMF CHIEF FROM
CHICAGOLAND... MARK HALPERIN CALLS OBAMA 'A
DICK' ON LIVE TV... POLL: Obama 42%, any Republican 46%... Campaign signals fundraising
fail... Jewish Dems Losing Faith... John Kerry: 'I
Would Have Been a Good President, Maybe Even a Great One'... GETTING NERVOUS
NEWT: Obama 'most successful
food stamp president in American history'...
Bachmann: Media wants 'to see
two girls come together and have a mud wrestling fight'…[Well, I don’t know
about the mud wrestling, but voyeurs all, ‘come together’ sounds about right …
playing ‘victim’ does not become a presidential candidate. ] ...
Palin: Hollywood stars as
'full of hate'...
["What would make someone be so full of hate?" palin asks … answer:
resistance to someone as dumb and full of war-mongering hate as she is! ]
REPORT: NATO forces ARE trying to assassinate
Qaddafi...
Los Alamos under siege
from wildfire... 'Throwing
absolutely everything at this that we got'...
BLAGO LIKELY HEADED TO
PRISON... 'What happened?' But he gets to keep his
hair... Fitz finally wins one!
GUILTY IN CHICAGOLAND... 17 of 20 counts... Tried To Sell Obama's senate
seat... Jury DEADLOCKED on Rahm
shakedown... Blago to lawyer: 'What
happened?' 'Stunned'...
JOBLESS WEAK: 429,000... ...disappointed Economic trouble puzzles Fed
chief...
FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'... THE NEW 'NORMAL' GALLUP PLUNGE... Approval -4, disapproval +5
-- in one day!
DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM FIX: MORE SPENDING! Bernanke speaks, stocks
sink... FORBES: 'Admits he's
clueless'...
CBO: Long-Term Debt Picture
Worsens... Would reach 101% of GDP by
2021... STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...
Millionaires shrug off
downturn; Wealthy richer than before crisis...
Zuckerman: 'We now have more
idle men, women than at any time since Great Depression'...
SHOCK POLL: ONLY 3 in 10 WILL
VOTE FOR OBAMA... 66% say US headed in 'wrong
direction'...
Greece Agrees on New Austerity Plan With EU, IMF... ANGER IN ATHENS... 'BLACK HOLE'...
WH TRANSCRIPT: 'Over the last
15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...
REPORT: GANNETT to slash more
jobs across the country… [ No surprise here for this pathetic shill, rag
publisher. The only real newspaper consistent with a tradition of courage,
excellence, and respect for the first amendment is The Washington Post …] ...
DEBT TALKS BREAKDOWN; TAX
BUST
S&P: Risk of U.S. credit
rating downgrade increased...
Chicago county faces $108 billion gap in pensions....
Greek Streets 'Explosive'... PM wins confidence vote 'but outlook remains dire'...
Huntsman announces
presidential bid at Statue of Liberty... Harry Reid endorses... Bachmann surges to primary
lead...
Iraq hunting $17 billion
missing after U.S. invasion... NATO NIGHTMARE: 9 CIVILIANS
KILLED NATO strike kills 15 Libyan civilians ]
Census: Whites lose majority
among babies... German Giant Says US Workers Lack Skills... PAPER: AMERICA'S LOST DECADE? States look to Internet taxes
to close budget gaps...
SPANIARDS ON MARCH OVER BLEAK
PROSPECTS...
House will move
this week to limit funding for effort in Libya...
'DON'T BE SURPRISED IF ATHENS
GOES UP IN FLAMES'... GREEK PM PLEADS FOR UNITY! ...warns against default Threat to downgrade Italian
debt raises contagion fears... Princess Diana Conspiracy
Movie Headed to Theaters... ]
PAPER: AMERICA'S LOST DECADE?
Bachmann: Obama 'has failed'
blacks, Hispanics... Presidential no-show miffs Hispanics... African-American unemployment
at 16%...
]
SHE'S OFF! (on the road
again) Michelle Obama embarks on Africa visit … (stay there!) ... Michelle Obama
Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND: Rahm's Top Cop
Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens federal gun laws to
'racism'...
Teen Mob Of 50 Hits Chicago
WALGREENS... Teen brutally beaten by mob
of blacks; cops mull 'lynching'
charge... Princess Diana Conspiracy
Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was
reported that Diana had another ‘potential challenger in the oven’ at the time
of her death and we all know how dicey such english affairs of state can be
(ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for
having brought the son of her bosom, Chas, down. Do I think she said flat out
‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately,
William will require some substantial therapy to sort out this looming
conflict. After all, Diana was his mother.
Drudgereport: British woman decapitated in
grocery store; killer flees with head... Cannes: Diana doc slams UK
royals as 'gangsters'... ]
Dick Bové: Lost Finance Jobs Are Gonna Stay That Way…FOREVER
S&P
Reaches Possible Reversal Point at
Minyanville
Watch the Market, Not CNBC at Forbes
3
Stocks Driving Markets Up June 30th Wall
St. Cheat Sheet
AAII
Survey: Bullish Sentiment At Highest Level Since April at Forbes
Top
3 Reasons Markets Were Up At the End of QE2 Wall St. Cheat Sheet
All
Dressed Up [ and nowhere to go … but down! ] at The Wall Street Journal
Mark Gongloff ‘The week-long
stock rally got turbocharged today, pushing the Dow easily into the black for
the quarter and nearly bringing the S&P with it. How long it lasts is a
different story.The Dow jumped
153 points today and is up 480 points, or 4%, in the past 4 days. This is the
biggest four-day percentage gain since last September. The Dow ended the
quarter 0.5% higher and is now 7% higher on the year.
The S&P
and Nasdaq each gained 1% on the day and are up 4% and 4.5%, respectively, for
the 4-day run. Both ended the quarter slightly in the red.
If there was
any downside to this up-fest, it was the financials, which gained just 0.4% on
the day. But they’re the only sector in the S&P 500 still down for the
year. Everything else is up, as are the Russell 2000 and the Dow Transports,
which dipped into the red for a while there.
Bonds,
meanwhile, have gotten crushed during this stretch, pushing the yield on the
10-year note up 35 basis points, from 2.8% to 3.15%. The dollar’s down, too,
with the euro surging to $1.45.
So what does
it all mean? Dave earlier pointed to signs the market may be expecting an economic rebound . So far we have only one Chicago PMI
report to support hopes of a big bounce in growth, but OK.
There’s also
Greece, whose day of reckoning has been postponed for a little while longer.
And finally
there’s quarter-end window dressing, which still seems to make a lot of sense
as a theory, given the utter lack of volume during the stock-buying frenzy
(though the bond-selling frenzy has seen quite a lot of volume).
To me, it
feels more like a combination of all three — we’re pricing out economic
collapse and an imminent Greek default, while also prettying up the numbers at
the end of the quarter.
Fair enough.
From here the sledding gets harder. The economic data aren’t going to be pretty
for a little while, and earnings expectations are too high. And QE2, which
boosted stocks by 25%, has sailed for the last time.’
Minyanville's
T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter
Window-Dressing? [ No! ] at
Minyanville
US
STOCKS SNAPSHOT-Wall St briefly pares gains after jobs data NEW YORK, June 30, 2011 8:45am (Reuters) - U.S. stock index futures briefly pared
gains on Thursday after a report showed new jobless claims fell less than
expected but optimism over Greece's austerity plan was set to extend a
three-day rally for stocks .
Moody's warns may downgrade U.S. muni debt ratings
Why The Dow Will Plunge To 7,000 24/7 Wall St. June 28, 2011 ‘ One theory of economics says that any
market can return to a point where it has been in the past. The Great Recession
was, by some measures as bad as the Great Depression. Unemployment was 3.6% in
November 1966. It was at 4% in December 1999. There is no precedent for zero
unemployment, but those two periods came close.
Recent movements in the stock market could repeat themselves as
the economy lurches toward another recession. The DJIA fell to just below 6,630
on March 2, 2009. Back in October 2007, 17 months earlier, it briefly traded
above 14,000. What happened? The most frequent answer is the recession that
lasted from December 2007 until June 2009, a period determined by the National
Bureau of Economic Research, caused the collapse. The recession lasted 18
months, which made it the longest of any downturn since World War II.
The DJIA could drop below 7,000 again before the middle of next
year, down from 12,000 where it trades now. The market fell over 50% last 2008
and 2009. A correction to 7,000 this time would be 42%.
The major drivers of a sharp drop in the DJIA would be:
1. RECOVERY IS UNEVEN
Some regions of America are almost economically dead. The first
reason the market is likely to plunge is that the current recovery is a
35-state recovery and not a 50-state one. The US economy is not running on all
its cylinders now. It runs on about two-thirds of them during a good quarter.
There has not been and will not be much of a recovery in Nevada,
Michigan, Florida, California, Rhode Island, Ohio, Illinois, Louisiana, South
Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho and Mississippi.
Some areas of these states lack important growth industries - particularly
technology, farming, oil drilling, or the large employment bases that accompany
federal and state government employee concentrations. Many areas that counted
on construction to bolster their economy can no longer do so. Unemployment will
stay at or above 10% in parts of these states and large cities like Las Vegas,
Detroit, Stockton, and Providence. Most have negative GDP growth. The US
economy cannot grow at a rate of 3% or better, which some economists are
forecasting for the second half of the year, if large regions of the
country are shrinking economically.
2. UNDERWATER MORTGAGES
More than a quarter of US mortgages are underwater. Economists
use several ways to measure the housing market disaster such as foreclosures,
delinquencies, home price drops, housing start and new and existing home sales.
None of these captures the heart of the market the way underwater mortgages
statistics do. A home with an upside down loan can rarely be sold without the
seller taking a huge financial hit. These homes are likely to become a
financial burden to the homeowners who cannot afford their mortgages and see no
hope that their houses will ever regain their value. Housing expert Robert
Shiller says home prices could drop another 10% this year. The ripple effect
from a rise in underwater mortgages will affect everything from bank earnings
to consumer credit to consumer spending. The real estate problem is a drag on
the economy and it is one that will get worse.
3. STOCKS ARE EXPENSIVE
Many market analysts believe that this is nearly a perfect time
to buy stocks. Yields on bonds are low. Gold price are unstable. The S&P
500 EPS will be $100 this year based on many forecasts. Is a twelve multiple on
that inexpensive? Perhaps. But if so, that indicates that the Dow should be
trading about where it is now. S&P 500 earnings, however, will start to
decline soon and in some industries they will disappear entirely. The process
has already begun among consumer products companies, retailers, grocery chains,
and transportation companies like airlines. Even tech firms like Oracle have
signaled that growth has slowed. Jim Cramer mentioned a long list of “cheap”
shares on “Mad Money” in October 2007. Stock looked “inexpensive” in late 2007.
That only lasted until corporate earnings collapsed.
4. INFLATION IS A PROBLEM
No matter what the Federal Reserve says, inflation is in full
bloom. The Bank for International Settlements just warned policymakers and
world leaders that central banks need to raise interest rates. Otherwise, the
BIS stated, the price of commodities will continue to march higher. Chinese
inflation hit a 34-month high in May despite rapid tightening by banks there.
The core of this rise was food prices, which were up 11.7% for the month. The
US cannot claim, at least for long, that it is one world and Asia, Africa, the
Indian subcontinent, and parts of South America are another. The prices of
critical commodities such as wheat, corn, oil, and cotton are well above where
they were two years ago, and with some occasional dips, are still rising.
Americans cannot afford higher and higher food and clothing prices when their
median incomes are not moving up. Inflation is a poison to consumer spending
and to the profit margins of companies that have commodities or
transportation-based businesses.
5. COMPANIES HORDING
Companies are still holding their cash. A McKinsey and Co.
report published in May stated that European and US companies have excess cash
of more than $2 trillion. Firms like Apple and Google have accumulated
multi-billion dollar cash hordes and have elected to hold that money even at
extremely low yields. Other firms like McDonald’s have elected to distribute
cash through share buybacks and high dividends. Most major banks have raised or
reinstated dividends. Cisco has begun to pay a dividend. Companies as diverse
as CVS/Caremark Corp., Family Dollar Stores Inc., and Schlumberger Ltd. have
raised their payouts. Dividends help people who own a lot of shares in the
companies in question. They do nearly nothing for people who hold small
portfolios or who are broke and unemployed. Cash not used to create jobs either
directly through hiring or indirectly through capital expenditure does not help
the economy.
6. EVERYONE'S SHEDDING THEIR WORKFORCE
Companies are no longer adding jobs and governments are laying
off employees. The May unemployment numbers told a story of a stagnant job
market. Recent jobless claim levels have confirmed it. The private sector has
become worried about GDP which has only grown by 2% recently. That is not
enough for many firms to decide to add significant numbers of workers. And,
unemployment rates are now being moved higher by government layoffs, a result
of the “new austerity." The new federal government budget is likely
to make matters worse. The Brookings Institution recently said in its Government
Employment and Economic Recovery that the single biggest threat to the economic
recovery of many cities is layoffs of government workers.
7. CHINA'S SLOWING ECONOMY
China’s economy will slow considerably. The economic dynamics of
China combine high food costs with faltering purchasing and manufacturing.
China’s factory output is no longer growing and it is entering what it would
view as a recession by the standards of the People’s Republic-a growth rate
well below its typical 10% of better. Goldman Sachs recently chopped its
forecast for China GDP. High oil prices contribute according to the investment
bank. Faltering demand for China’s exports is another. American exports to
China rose 32% in 2010 to a record $91.9 billion, and have surged 468% over the
past decade, according to the U.S.- China Business Council. Americans usually
complain about the heavy flow of China exports to the US. But, many American
industrial and service firms need China sales to bolster their bottom lines.
8. GREECE IS TANKING
Greece will go under and take many other small EU nations with
it. Austerity measures by Greece will not save it from default according to
most credit experts. Even if budget and wage cuts buy the nation some
time, the lack of stimulus will ruin a job market which already has a 40%
unemployment rate among its youth. Ireland and Portugal have similar problems.
A series of defaults among the nations may damage the bank and credit system
more than the collapse of Lehman. It will certainly decimate earnings and
balance sheets of many European banks. The EU portion of the global bank system
could go into a state of shock that would cripple the global credit process.
Another by-product of ruined banks is that access to the capital needed to
drive economic growth will disappear. A sharp slowdown of EU consumer spending
will cripple the US export economy, particularly if combined with a slowdown in
China.
Douglas A. McIntyre ‘
Fed’s
‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the
economy by buying $600 billion in bonds ends Thursday. (Washington Post) [
Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own words and
stated mission and purpose. And, count on more fake data; ie., today’s near
meaningless in terms of reality ‘fake’ jobs report which they hope will keep
the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard
unemployment rate most often used by the Fed is currently at 9.1%, up 90% since
Bernanke started. The more inclusive (realistic) U6 number stands at
15.8%, up 75% in the same period. The Civilian Participation Rate has
declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ‘.
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [
How ‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘
Inflation Expectations Are Heating Up
Parties
at odds on deficit reduction Lawmakers in both parties plot strategies that
could make the deal difficult to find common ground. (Washington Post) [ Yes …
Odds on … favorite … a lose / lose solution. The realistic scenario brings to
mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ …
and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
A Mid-Year Review and Full 2012 Outlook Simon
Maierhofer, June
28, 2011,
Time flies.
The 2011 calendar year is already half over, and based on the main stream 2011
outlook, the market's performance surprised many. I forgot just how bullish
Wall Street and the media was when coming into 2011. Look at the headlines below
and you'll see what I mean.
'Get over your
fear and get back into stocks' - USA Today, 12-17-2010
'Bullish on
tech and 2011' - Barrons, 12-20-2010
'Don't see a
double dip for housing' - Morningstar, 12-29-2010
'Economic
rebound forecast for 2011' - Seattle Times, 12-12-2010
'Investor's
forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011
'Why U.S.
stocks may finally be a good buy' - Mootley Fool, 1-3-2011
'Real estate:
Finally a good investment' - SmartMoney, 1-19-2011
'Why the
S&P is still a bargain' - USNews, 2-4-2011
'11 signs the
economy is on the right path' - MarketWatch, 2-10-2011
Judging the
media with 20/20 hindsight is always a blast, but I must admit that I was too
chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.
Vaguely
Accurate
Here's what I
told Investor's Business Daily when they asked me for my 2011 forecast
(published in IBD's December, 22, 2010 paper):
'The Fed is
creating a bubble to contain the damage left behind by the bust of the previous
bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of
stocks and commodities.
On a historic
basis, stocks are overvalued and set to deliver long-term pain, not gain. Based
on various sentiment gauges (Institutional Investor survey of newsletter
writers and American Association for Individual Investors' survey of retail
investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and
CBOE put/call ratio), investors are as optimistic about rising prices today as
they were in late 2007.
Compared to
2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has
morphed into a new frugality and Europe has caught a contagious financial
virus. Based on sentiment, the cork may pop at any time, although I wouldn't be
surprised if the Fed's POMO (permanent open-market operations) activity can
keep prices afloat through much of 2011. The upside is risky and active traders
may follow the trend until it's broken.'
I admit that
the outlook was somewhat on the vague side but it steered investors in the
right direction - follow the trend but watch out for a correction and a
possibly significant market top. The chart below provides a glance at the
S&P's performance since January 1, 2011 along with various
support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif
One Month
at a Time
With the major
index stretched to the breaking point but momentum still strong, my strategy
was to tackle the market one month at a time. Initially it made no sense to
buck the trend, but by mid-February, the market seemed to have reached a
breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter
that: 'A fast and steep sell off from current prices is possible.' However, 'If
stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in
2011.'
February 18
was a Friday. The following Monday was a red-across-the-board kind of a day.
The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday
and dropped an additional 39 points during the day.
Formerly
high-flying sectors like consumer discretionary (NYSEArca: XLY - News ), industrials (NYSEArca: XLI - News ), materials (NYSEArca: XLB - News ), retail (NYSEArca: XRT - News ) and technology (NYSEArca: XLK - News ) followed suit. The S&P
(SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.
About two
weeks later, the Japan Earthquake news rocked the world and saw another wave of
selling. But, the S&P never closed below the 1,255 support and triggered a
low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy
Update).
The up side
target was outlined in the April 3 update of the newsletter: 'There is a fairly
strong Fibonacci projection resistance at 1,369. In terms of resistance levels,
the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
Bearish
Case, Not Closed Yet
The S&P
climbed as high as 1,370 and has since dropped as much as 110 points. But once
again, support surrounding the 1,255 level has not been breached.
In essence,
the S&P is currently stuck in a technical vacuum. The trading range is
1,250 - 1,300. There are plenty of folks who still believe the 'bull market' is
not yet over while the investing crowd has turned notably bearish (generally a
bullish signal). From a technical point of view, new highs are still possible.
The
Presidential Election Cycle, which sports gang buster pre-elections year
performance, supports the idea of new highs later on in 2011. Naturally, the
incumbent President will do whatever he can to court Americans for their vote.
Financial
Trickery
Shenanigans
designed to 'bribe' investors include maneuvers like releasing a portion of the
U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into
the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News ) will eventually have to be
replaced, usually at higher prices. But right now, the priority is to make
voters happy. Low gas prices will do just that.
Other
financial tricks include changing how the Consumer Price Index (CPI) is
calculated. Lawmakers are proposing to change the CPI methodology to include
changed spending patterns caused by price increase. For example, consumers tend
to drive less when gas prices increase.
This would
artificially lower the CPI and lower federal spending by around $220 billion
over the next decade. Passing such a proposal would surely be touted as a
victory in the battle against the debt ceiling while social security recipients
see their monthly checks shrink (social security payments are linked to the
CPI).
Another trick
is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve
will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News ) from banks (NYSEArca: KBE - News ) at the rate of about $25
billion a month over the next year.
2011
Outlook
Quite frankly,
formulating a high confidence 2011 outlook right now is tricky (isn't it
always). But here is what we do know:
A major market
top is forming. The S&P reached the bottom end of our target range (1,369)
and was clearly rejected. We also know that crucial support at 1,255 has held.
Even though the market behaved like a significant top had been reached, it
failed to confirm it thus far.
The key question
is whether the upper end of our target range will be tested or not. At this
point it is too early to see, but that doesn't mean we are 'flying blind.'
The S&P
(and any other major index) won't rally to new highs unless they break key
resistance. Our strategy as of late has been to sell against resistance and buy
against support. This has worked like a charm. Once resistance is broken, we'll
buy against resistance and sell against support. This will keep investors on
the right side of the trade regardless of what the market has in store for us…’
Why your local Hospital could soon shut down
(StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Geithner Looks
to Exit Treasury Dept. Bloomberg
A
Huge Number Of Americans Believe The Economy Has Now Entered “Permanent
Decline” Business Insider
The
IMF joins Bernanke in threatening US legislators M. Ruppert
It’s
Official: China Is The “Mystery” Daily Buyer Of Billions Of Euros Over the
past two weeks, we have been suggesting, tongue in cheekily, that despite the
relentless desires of everyone to sell the EUR, it has continued to drift
higher, due to some inexplicable force with bottomless pockets, which, after
some deductive logic, we assumed was China. It turns out we were correct.
New
Investment Strategy: Preparing for End Times Investment professionals have
a new pitch: The sky could soon be falling.
ECONOMIC CRISIS ARCHIVE
National / World
Unemployment:
No Extended Benefits For People Laid Off From Now On Arthur Delaney
Idiocy
Reigns Supreme Paul Craig
Roberts
Top Obama Advisor: Homeland is “Primary” Focus of
Counterterrorism Activist
Post
Riot
police braced for violence as union protesters march in cities across the UK
and strike closes a third of all schools Riot police were put on standby in
anticipation of trouble in Central London, as anarchist group Black Bloc
threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.
Official:
U.S. drone strikes at Somali militants The airstrike makes Somalia at least
the sixth country where the U.S. is reportedly using drone aircraft to conduct
lethal attacks. The latest target: senior members of a militant group linked to
al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military
action these days; but, I really hate somalians … Well done! … I’ll not forget
the way they paraded those 18 dead rangers on a peace mission around … If up to
me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot
(I’m not kidding!). Deaths of four Americans reflect increasing
violence of Somali piracy U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. I do know that these somali
pirates need killin’ and I further believe that open season on them including
using their boats in the water for target practice makes sense and certainly is
morally justified. I’m tired of hearing about those little weasels … you know,
‘the skinnies’. ] VIDEO:
EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good
reason in Afghanistan, etc., I have been at a loss to understand why they are
not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge! Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all,
Mr. ‘wobama aficionado’, aka Mr. Milbank. How about the vast and overwhelming
majority of this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person
who minces no words as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Relief
in Greece may be temporary Unless
negotiators agree to a long-term budget plan, it will be back to the brink by
the end of summer. (Washington Post) [
That’s an understatement. How ‘bout in ‘Terminator’ fashion they’ll be back by
the end of the summer regardless of the paper plan based on … more paper!
‘Greecin’ the skids, so to speak … for the frauds on wall street. The recurring
non-event that makes for great press purporting to be the main event. The new
scam / sham to keep suckers suckered. I mean, look at the yet again end of
month, quarter, half window dressing based on nothing at all. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Foreclosure, distressed sales up, at least on paper with contracts
signed, so no surprise nor reason to cheer here, as markets worldwide jump on
the american crazy train for a short-lived bounce as all problems remain. This is the same month end (and quarter,
half) spurt / window dressing based on b***s*** alone to keep the suckers
suckered and an especially great time to sell / take profits since there’s much
worse to come! Talk about milking the greek crisis for the umpteenth time a
so-called solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer
who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous
so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers
suckered and for ‘smarter money ‘ along with the frauds to sell into. This is
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re
a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not
alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity (WP)
They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money--
Moody's warns may downgrade U.S. muni debt ratings
Obama
strikes combative new tone The president sought to assert a commanding
presence on the issues defining his presidency. Milbank:
Obama fights back He was
uncharacteristically assertive in Wednesday’s presser. (Washington Post) [ Defining his presidency?
As with war criminal dumbya bush et als, define ‘failure’, and ‘eureka’!
‘Mission accomplished’! Fait accomplis! If only ‘wobama the b’ (for b***s***)
had done what he said (in his campaign) he was going to do, all would have been
different, including pervasively courrupt, defacto bankrupt america’s and now
the world’s now even more dire, dour prospects. Too little, too late for yet
another failed american presidency. . House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (WP) [ Ah, riiiiight! The
worst of both worlds. ‘Cutting the baby in half’ probably their most
politically expedient solution to appeasing their respective ‘support groups’.
Though not the kind of group therapy support groups that immediately come to
mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (WP) [ No surprise here given the
prior and continuing defacto complicity in wall street’s enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer)
is one of those typically with a ‘pre or post’ arrangement, whether implicit or
explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman … Yet, one must ask what have they been doing and already getting paid
for? Roche 'The worst part of it
...Obama, who vowed change, has done almost nothing to fix any of it and
in fact continues most of the policies that helped get us here in the first
place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [
How ‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably inflationary,
ultimately hyperinflationary, particularly for stocks; that ‘feel good’
obfuscation that was but in reality good only for the frauds on wall street.
No, there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all,
Mr. ‘wobama aficionado’, aka Mr. Milbank. How about the vast and overwhelming
majority of this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person
who minces no words as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all, pervasively
corrupt, defacto bankrupt america is into the illegal drug trade in a very big
way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of destruction
at home … yeah … it’s true … they haven’t the slightest idea what they’re doing
and no matter what or where, pervasively corrupt, defacto bankrupt america’s
touch is an invariably destructive, negative touch (‘nation building’ the coy,
euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin,
propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Inflation Expectations Are Heating Up
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant.
But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that
‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of high level security clearances in the Washington metro area).
Moreover, his contributions are invariably a welcomed positive for the great
paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and,
I can’t help but think, with all the scripted, staged hoopla surrounding the
Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl
harbor event’ so sought by the neo-cons / war mongerers still defies explanation
(ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some
{who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the
unbelief akin to the ‘Jessica Lynch’, Tillman,
etc., affairs follow. Additionally, people must remain attuned to the
reality that though having but 5% of the world’s
population, america can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so
that I can continue to like Bob Woodward Redford.]
Here’s
Why Pending Home Sales Skyrocketed in May Wall St. Cheat Sheet[Foreclosure, distressed sales up, at least on
paper, from contracts signed!]
The Real Reason Behind This Rally - How High Will It Go? ETFguide On Wednesday June 29, 2011 ‘ If you've read any of my
articles before, you know that I have a mini obsession with reading (and
quoting) headlines. As a contrarian, I always like to have a pulse on the media's
outlook because it can provide valuable contrarian clues.
Here are some of the headlines featured last week:
'Greek
default could trigger chain reaction' - AP
'Why
Wall Street still says buy, and you shouldn't' - AP
'Is
the bull market over?' - Barrons.com
Interestingly,
the Barrons.com article commented that: 'A look at four different sentiment
measures suggests that more pain may await investors.'
I
looked at similar sentiment measures and my conclusion was just the opposite.
Bearish Sentiment Extremes
By
last Thursday (June 16) the market had recorded a number of bearish sentiment
extremes. The most notable was the CBOE Equity Put/Call Ratio, which spiked to
the highest level since early 2009.
Bullish
sentiment captured by the AAII and II polls had also dropped significantly. In
fact, the percentage of bullish advisors and investors was almost as low last
week as it was in the summer of 2010 when the S&P was just barely above
1,000.
The
VIX (Chicago Options: ^VIX) was the only sentiment gauge that wasn't in
dangerous territory. However, the VIX set up to trigger a buy signal for stocks
on Wednesday (June 15).
The
chart below featured last week by the ETF Profit Strategy Newsletter on June
17, neatly summarizes the various sentiment indicators. The Newsletter's simple
conclusion was that: 'Things might be so bad, it's actually good.'
http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif
Support Levels
Sentiment
gauges are valuable, but basing decisions merely on sentiment can be dangerous.
For that reason, the ETF Profit Strategy Newsletter always looks at
structurally important support/resistance levels.
Here
are some of them mentioned in Wednesday's (June 15) Profit Strategy update:
1)
A trend line originating at the March 2009 low 2) Fibonacci support 3) March
16, 2011 low 4) 200-day moving average 5) Weekly pivot support
All
this support was clustered between S&P (SNP: ^GSPC) 1,259 - 1,245, and the
Newsletter recommended to close out short positions (established when the
S&P reached the Newsletter's upside target at 1,369) and leg into long
positions as soon as the S&P entered this range. It did so on Thursday,
June 16.
Bullish Dow Theory Non-Confirmation
In
the week of June 13, The Dow Jones Industrial Average (DJI: ^DJI) dropped to a
new 3-month low on Wednesday (June 15), while the Dow Jones Transportation
Average (NYSEArca: IYT News
Another
bullish non-confirmation was found between the DJIA (NYSEArca: DIA News VOO News IWM News QQQ News
How High Will it Go?
The
key question now is whether this rally is merely a bounce within a new bear
market or an attempt to reach new highs. The assessment made on June 15 was
that: 'The current trading range is seen to be between 1,250 - 1,300.'…’ [ This
is but a bounce in a secular bear market based on b***s*** alone! ]
Population bomb: 9 billion march to WWIII Paul B. Farrell
How much will our wars cost? Report says $4 trillion
Farage:
Arab Spring Could Lead to “Mediterranean Summer of Discontent” BBC News
EU
president Van Rompuy fear-mongers global economic ruin if Greek austerity vote
fails AFP
Meet The
IMF’s New Leader, Christine Lagarde NPR
Austerity
Riots – A Glimpse Of America’s Future? Are the austerity protests and riots
happening in Greece right now a glimpse of America’s future? The truth is that
both nations are absolutely drowning in debt.
The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
U.S.
cost of war at least $3.7 trillion and counting The final bill will run at
least $3.7 trillion and could reach as high as $4.4 trillion, according to the
research project “Costs of War” by Brown University’s Watson Institute for
International Studies.
Gold
Rises As Greek Parliament Approves Austerity Gold traded higher for a
second day on word that the government of Greece will accept austerity measures
despite the overwhelming rejection of the IMF and EU plan by the Greek people.
Obama
Pushing U.S. To Economic Disaster: Google Founder The eccentric and frugal
billionaire college professor who helped Sergey Brin and Larry Brin develop
Google has warned that US President Barack Obama is pushing the U.S. towards a
path of economic disaster.
Afghanistan
Central Bank Head Flees To US In what may be the most prophetic news of the
day, we learn that the head of Afghanistan’s central bank, Abdul Fitrat (what
an oddly appropriate name for a central banker), has escaped the country,
emigrated to the US and “isn’t expected to return.
Bank
of America close to $8.5B deal Bank could announce a settlement today
involving claims it sold investors poor-quality securities. (Washington Post) [ Great deal, for them as
for the big frauds on wall street who’ve cashed out worthless / toxic / assets
/ paper at ‘mark to anything’ (congressional FASB rule change help) and QE etc.
(fed help - Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--). House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s enormous
frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the objection
of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia /
organized crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america
also spends more on military than all the nations of the world combined... fed
employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included
in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
A
debt ceiling leadership failure On Leadership | Congress’s failure to fix
the budget deficit is due to fundamental differences of opinion on the role of
government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers completely
avoided ALL losses during the disaster that was 2008. And now he’s issuing
another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
Pawlenty
emerges as hawk in GOP field
Candidate criticizes Obama, Clinton and GOP for views on the continuing
uncertainty in the Middle East.
(Washington Post) [ Pawlenty? Pawlenty crazy! Plenty crazy! Pawlenty is
plenty crazy! Pawlenty is crazy! This is an eminently reasonable inference.
After all, jive-talkin’ wobama the b (for b***s***)’s ‘got rythym’ so as per
the song, ‘who could ask for anything more’. Indeed, contrary to campaign
promises, he’s given the military industrial complex all they’ve asked for and
more so ‘who could ask for anything more’. But they do, ask for more, war. In
fact, more, as in ever more worthless, debased paper dollars that haven’t even
been printed yet. More, as in enough to make mor … on, war criminal bush look
like a piker. More … bankrupt though though this pervasively corrupt nation’s
already defacto bankrupt. Though lost on Washington, rationality counts.
Numbers count. Reality counts. The pandering man without a message, pawlenty,
plenty, crazy! … Though having but 5% of the
world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
New
IMF chief faces immediate tests Lagarde faces immediate tests in Greece, as
well as a longer-range commitment to giving developing nations more power
within the IMF.(Washington Post) [ Test number 1: Can she count? Yes, a simple
math test. Test number 2: Has she lost
touch with reality? Yes, a simple psychological test determinative of whether
she’s lost touch with reality. If, unlike her american ‘counterparts along with
no-recession-helicopter-ben-bs-bernanke’, she passes tests 1 and 2, she then
qualifies to undergo tests for competence in economics, finance, law which thus
far have been absent from both discourse and action. House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [
How ‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
.. Bernanke’s
results .. since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out because
of a lack of jobs, the “official” unemployment rate would be significantly
higher. While we can debate the meaning of the term maximum employment,
it is clear that the jobs data has deteriorated considerably since Bernanke
took the reins at the Fed. ..
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt Marcewicz
& Robert Barone, Ph.D.
.. ‘ Inflation Expectations Are Heating Up
Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
National / World
Mayor Bloomberg Remixes al-Qaeda Video to Push Gun
Control Effort Kurt Nimmo
Ron Paul: Obama’s Libya War Power Grab Impeachable Kurt Nimmo
Greece
to vote on austerity plan Lawmakers are expected to vote today on $40B
package of spending cuts that have sparked protests. (Washington Post) [ ‘Greecin’ the skids, so
to speak … for the frauds on wall street. The recurring non-event that makes
for great press purporting to be the main event. The new scam / sham to keep
suckers suckered. I mean, look at the yet again end of month, quarter, half
window dressing based on nothing at all.
The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Talk about
milking the greek crisis and for the umpteenth time a so-called solution (and
there are loads of greecy scenarios worldwide) … I don’t think so and neither does Schaeffer
who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous
so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers
suckered and for ‘smarter money ‘ along with the frauds to sell into. This is
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David Brooks,
conservative columnist for the NY Times Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the
contrived mideast turmoil and their wars to obfuscate and divert attention from
their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com
Final Showdown For TSA Groping Bill Paul Joseph Watson
Charges dismissed against woman arrested while
videotaping traffic stop from her front yard Raw Story
The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
A World
Overwhelmed By Western Hypocrisy Paul
Craig Roberts
Ron
Paul On 2012: Establishment, Media Unable To Exclude Me This Time Around Steve Watson
The
Bank Of America Non-Settlement “Settlement” Zero Hedge
Why your local Hospital could soon shut down (Stansberry
Newsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Pakistan
tells US to leave ‘drone’ attack base AFP
Obama
looks to big donors to fund early push The president and top aides are
waging a behind-the-scenes push to win over skeptical big-dollar donors, whose
cash is needed to finance dramatic summertime growth in his battleground-state
machinery. Earlier:
In trip to New York, a focus on Wall Street cash (Washington Post) [ I’m sure it comes as no
revelation that the time has come for a revamp of pervasively corrupt, defacto
bankrupt america’s ‘election process / rules’ which have been so antithetical
to the purported democracy they’ve been meant to serve; but to the contrary,
have literally in terms of reality, contributed in large part to the decline
and fall of this nation. Indeed, the bribes have left criminals / frauds, ie.,
wall street, etc., doing what they do best; viz., crime, fraud; along with the
military / industrial complex doing what they do best; viz., waging /
contriving needless war, depleting / plundering treasury, etc.. Pervasively
corrupt, defacto bankrupt america has never been more diminished in the eyes of
this nation and the rest of the world which view comports with factual reality.
Moreover, some very capable people have been precluded from participation in
government owing to what has become a ‘country club institution of incompetents
/ inmates running this asylum aka the so called u.s. government’. In any event,
wobama the b (for b***s***) is done, a proven failed president as dumbya bush
et als before him, and the same would be just wasted cash in any event.
Wobama’s pathetic!
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that
‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is
a criminal statute which provides a civil remedy, including treble damages and
attorney fees, as an incentive for private prosecution of said claims probably
owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such
assistance given the seriousness and prevalence of said violations of law which
have a corrupting influence on the process, and which corruption is pervasive).
A grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater non-performance
/ worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. {Ultimately delivered by UPS} ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
Americans
spent even less in May (Washington
Post) [ Yeah … unless you work in or for the u.s. government, you’re
constrained by the fundamental precept that ‘you can’t spend what you don’t
have’; that is, of course, unless you’ve taken the various administrations’
encouragements to heart and like them, done exactly that, and to the nation’s
substantial detriment at that. Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [
How ‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE ( from the Mirriam-Webster dictionary)
a : : fixed , steadfast <stable
b : : unvarying
<in stable
c : permanent , enduring <stable
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is
occurring. Many bright folks have commented on how the zero interest rate
policy (ZIRP) is destructive to savers and misallocates resources. It is
safe to say that this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew
Marcewicz and Robert Barone are investment advisor representatives with Ancora
West Advisors LLC, Reno, Nev. ‘
Inflation Expectations Are Heating Up
Market
Crash 6/30/11?Technical indicators suggest market collapse may begin by June
30th Dennis Slothower is one of the world’s leading technical analysts. He’s
one of the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
Economy in Danger of Full Stall
Wall St up again on Greece, but investors skittish - NEW YORK (Reuters) - U.S. stocks rose for a
second day on Tuesday on optimism that a solution to Greece's debt crisis was
near, although low volume indicated underlying nervousness in the market.
Technicals Knew what Bernanke Didn't: Stocks will Tank! But How
Much?
Greece
Puts on the Red Light, Sells its Assets to the Night at Minyanville
‘ Is Meredith
Whitney’s “I told you so” moment approaching?
Moody’s just lowered Connecticut’s general obligation
rating to negative from stable citing among other things “depleted reserves
with slim prospects for near-term replenishment.”
From Moody’s:
The state has
approximately $14 billion in outstanding general obligation bonds…The negative
outlook reflects Connecticut’s depleted reserves with slim prospects for
near-term replenishment; pension funded ratios that are among the lowest in the
country and likely to remain well below average; and high combined fixed costs
for debt service and post employment benefits relative to the state’s budget.
In the absence of a clearly articulated plan to achieve meaningful improvement
in the state’s pension funded ratios and reduce its fixed costs, as well as
progress toward adequate reserve levels, Connecticut’s rating could be
downgraded.
The news comes just a day after it was revealed that
its tri-state neighbor New Jersey is seeking a $2.25 billion bridge loan from JPMorgan Chase . The Garden State has decided to take a bank
loan instead of issuing bonds because the later would require more time to
raise the necessary amount of cash to pay its bills.
Whitney, the analyst who has been sharply criticized
for her prediction of widespread municipal defaults this year, was on CNBC this morning discussing the bridge
loan . From the interview:
“I wouldn’t read
too much into this one financing. It could be business as usual. That’s not the
issue,” Whitney said in a live interview. “New Jersey’s fiscal woes are far
bigger than them accessing a line of credit or a new loan.”
Rather, she said
these types of moves will be mere warning shots as states approve their
spending plans for the fiscal year ahead—running from July 1 to June 30—and
balance those budgets by cutting local aid.
“That’s what’s
really going to hurt. So the pain of the states is just upon us,” said Whitney,
famous for her warning about Citigroup ‘s exposure to subprime loans back in 2007, a call
that would foretell the ensuing financial crisis. “What you’ll see now is as
the states are submitting final budgets, you’ll see the real pain at the
municipal level start happening July 1. That will intensify and that’s where
you’ll see the fallout.”
Whitney said last year that she expects hundreds of
billions in defaults on municipal bonds in the next five years.’
Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take
out a short-term $2.25 billion loan to pay its bills is symbolic of how
difficult state and municipal financing will be in the year ahead, analyst
Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid. “That’s what’s really going to hurt. So the pain of the states is just
upon us,” said Whitney. “What you’ll see now is as the states are submitting
final budgets, you’ll see the real pain at the municipal level start happening
July 1. That will intensify and that’s where you’ll see the
fallout.”"That’s what’s really going to hurt. So the pain of the states is
just upon us,” said Whitney. “What you’ll see now is as the states are submitting
final budgets, you’ll see the real pain at the municipal level start happening
July 1. That will intensify and that’s where you’ll see the fallout.” [CNBC ]’
Metro home prices hit lowest level since
1993
Meet The
IMF’s New Leader, Christine Lagarde NPR
Can The Fed
Stop Quantitative Easing? Paul
Craig Roberts
Ron
Paul Reality Check: Should America Sell Fort Knox’s Gold? Should the U.S.
sell off its gold reserves to pay down debt? That’s the latest idea being
tossed around by gold bug Ron Paul.
Can The Fed
Stop Quantitative Easing? If the Fed stops QE, confidence in the US dollar
would rise. Money would flow into US investments, both supporting the US stock
market and helping to finance the large US budget deficit. Gold and silver
prices would decline.
Dollar seen
losing global reserve status The US dollar will lose its status as the
global reserve currency over the next 25 years, according to a survey of
central bank reserve managers who collectively control more than $8,000bn.
Welcome
To The Recession: Manufacturing Surveys Imply US Economy Has Entered The Second
Month Of A (Re)Recession There may be those among the less than brainwashed
lemmingerati out there who have noticed what, as we have pointed out for the
past month when reporting on the various manufacturing and regional Fed
indices, has been an epic collapse in the appropriate data series.
National / World
Banging
the Drums of War: Iran and the Neo-cons Robert Bonomo
Cancer Surges In Body Scanner Operators; TSA Launches
Cover-Up Paul Joseph Watson
Greek PM: Austerity is Patriotic Duty Kurt Nimmo
Final Senate Version of TSA Bill Authorizes Invasive
Groping Paul Joseph Watson
House Passes Watered Down TSA Groping Bill The Alex Jones Channel
Pragmatism
may define Gates’s legacy Defense secretary may not be remembered for any
grand ideas but for his stewardship of two wars. (Washington Post) [ What?
What’s this? What parallel universe is this that talks of gates’ pragmatism.
Legacy? What legacy? More contrived, needless war? More defacto bankruptcy and
depletion of treasury for this and other nations? For those who think there’s strategic thinking
behind these global blunders I say ‘wake up’ … look around you … smell the dead
roses! Not that panetta is any better
having turned this nation into but a pińata much like the failed
predispositions which have brought down his home state (pelosi’s, feinstein’s
anyone?). Unless measured in terms of increased heroin trade in Afghanistan, an
increased cia / Hegelian approach to global matters leading ineluctably to new
self-created needs for actions to dispel the ever increasing new problems
resulting from their misguided acts, his tenure must be considered as much a
failure as the failed presidents he’s served so dutifully; and, expect worse
from pińata-man panetta. Like a psychotic serial arsonist employed in a fire
department, creating the very devastating fires they’re called upon to put out,
these appointees are lose – lose scenarios for everyone.
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary
on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds
on wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with
courage enough to stand up and explain to all that these huge commissionable
computerized trading volumes like never before are a net negative in a very big
way … that’s a fact … that’s economic reality in real terms! … Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc.; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they
all need a kick in the can … you know, that ‘washington establishment’ that
have failed all so miserably. Well, I know that’s not what he really meant. But,
‘do no harm’? Methinks it’s too little, too late no matter what they do to
avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that
you take action now to prepare yourself. StealthStocksOnline.com
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that ‘birther
wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing substantial
damage, and for which he sought Judicial Notice of those and related
proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which
time Samuel Alito was U.S. Attorney, and went over said documents and
their probative value with him. Within approximately a month thereafter
upon inquiry I was told that Jonathon Lacey was no longer with the office,
that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of
then U.S. Attorney Alito, addressed to him, with assurance they would go directly
to him. In addition to being inept [ I looked in
on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known
/ previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I
called to determine the status and was told that Alito was no longer with
the Office of the U.S. Attorney, that he was (appointed) a federal judge,
and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct
lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively thereby;
but I’m now wondering about the stonewalling across the board regarding the
RICO matters [ I personally trust the FBI, and to be truthful, really have no
choice but to do so; moreover, I personally like the FBI … I hope that’s not
been a mistake and ultimately a personal flaw, respectively, since it is the
liars (sic lawyers, ie., in the DOJ, etc.) who’ve been invariably the
corrupting, corrupt, corruptible agents, including judicially and otherwise ].
: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer)
is one of those typically with a ‘pre or post’ arrangement, whether implicit or
explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of high level security clearances in the Washington metro area).
Moreover, his contributions are invariably a welcomed positive for the great
paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and,
I can’t help but think, with all the scripted, staged hoopla surrounding the
Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl
harbor event’ so sought by the neo-cons / war mongerers still defies
explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge
by some {who conveniently ‘missed the party’ that day}, etc.. Some links,
echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people
must remain attuned to the reality that though
having but 5% of the world’s population, america can boast 76% of the world’s
serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so
that I can continue to like Bob Woodward Redford.]
President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so
it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [
Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds
like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final
say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T;
you know, ‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE ( from
the Mirriam-Webster dictionary)
a : : fixed , steadfast < stable opinions>
b : : unvarying <in
stable condition>
c : permanent , enduring < stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
…’
Greece:
Possibility of a Military Coup?
cryptogon | “… You could see a military coup. We’re talking
controlled order here and it has happened before in ‘74.”
Economy in Danger of Full Stall
Record-High
36% of Americans Lack Confidence in Banks Thirty-six percent of Americans
have “very little” or “no” confidence in U.S. banks — up from 30% last year and
the highest on record.
The State Of The Economy The
U.S. economy is like a rubber band that is being pulled in several different
directions at the same time. Everyone knows that at some point it is going to
snap, but nobody is quite sure exactly when it is going to happen.
Nigel
Farage Holds Funeral Procession For Euro In The Middle Of Brussels The
world’s premier euroskeptic, Nigel Farage, just held a funeral procession for
the Euro after Europe now has just 10 days left in which to save its battered
currency.
RIP
Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro
is dead and buried…. quite literally according to sceptics, who’ve held a mock
funeral for the ailing single currency in Brussels.
Cracks beneath the facade
Phil’s Favorites
Greek rebel
lawmakers may block austerity Reuters
Spain’s
‘indignant’ launch new protest march AFP
Max
Keiser And Sandeep Jaitly Explain Why Modern Economics Is “Rubbish” The
below attached interview between Max Keiser and Sandeep Jaitly provides a 3
minute, must watch glimpse into the basis of Austrian economics.
Silver-Coin
Sales Booming at Perth Mint Silver-coin sales from Australia’s Perth Mint,
which was founded in 1899 and processes all of the country’s bullion, have
surged to a record as buyers seek to protect their wealth with the metal known
as poor man’s gold.
Record-High
36% of Americans Lack Confidence in Banks Thirty-six percent of Americans
have “very little” or “no” confidence in U.S. banks — up from 30% last year and
the highest on record.
The State Of The Economy The
U.S. economy is like a rubber band that is being pulled in several different
directions at the same time. Everyone knows that at some point it is going to
snap, but nobody is quite sure exactly when it is going to happen.
Regulators shut small Georgia bank; 48th in 2011
Stocks
Cut Losses On Greek Deal Pipe Dream at
Forbes Steve Schaefer ‘ Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime
Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into
positive territory, up 18 points to 2,687, the Dow Jones industrial average
down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284.
Earlier, the Dow had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central
role in the negotiations.’
Federal Reserve
Secrets and Lies USA Watchdog
Spanish
Banks Hiding Over $70 Billion In Bad Real Estate Zero Hedge
CEO
pay vs. worker pay Corporations line up to block rules that would force
companies to disclose comparison data. (Washington Post) [ One thing’s been
glaringly true for quite some time: american ceo’s have been vastly overpaid
for what’s been clearly underperformance. Indeed, strategic thinking span’s
little more than the year-end bonus cycle, a predisposition not lost on
fraudulent wall street (exceptions are rare, ie., previously, past tense, Steve
Jobs/Apple, Jack Welch/GE, among a few others, worth every penny and more).
But, compared to their foreign counterparts, the only conclusion is that u.s.
ceo’s seem to excel in only one area; viz., how to get themselves paid. Results
count. What is, counts. What happened, counts. Pretending is no longer an
option. Reality counts! Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Technology rally? Defacto bankrupt
american technology is horrendous but great sizzle for the new fraud as in the
dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and
the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market
Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
Cracks beneath the facade
Phil’s Favorites
National / World
War
crimes court issues arrest warrant for Gaddafi International Criminal Court
judges on Monday issued an arrest warrant for Libyan leader Moamer Kadhafi for
crimes against humanity, committed against opponents of his regime since
mid-February, a judge said.
Threat
of $100 Billion Hit if U.S. Top Rating Lost Investors in the US government
bond market could face losses of up to $100bn if the largest economy loses its
triple A rating, according to a research arm of McGraw-Hill, the parent of
Standard & Poor’s.
Obama
to step in on debt talks As Biden-led
talks break down, president plans to meet with key lawmakers next week. (Washington Post) [ Oooooh! Bring in the big
guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all,
ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like
wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’
kinds of stuff … Then begs the question:
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke
stated, “the best way for the Federal Reserve to support the fundamental value
of the dollar in the medium term is to pursue our dual mandate of maximum
employment and price stability, and we will certainly do that.”
It is
instructive to take a look at the actual Federal Reserve goals, as well
Bernanke’s results in pursuing those goals.
Goals of
Monetary Policy
“The goals of
monetary policy are spelled out in the Federal Reserve Act, which specifies
that the Board of Governors and the Federal Open Market Committee should seek
‘to promote effectively the goals of maximum employment, stable prices, and
moderate long-term interest rates’. Stable prices in the long run are a
precondition for maximum sustainable output growth and employment as well as
moderate long-term interest rates.
When prices
are stable and believed likely to remain so, the prices of goods, services,
materials, and labor are undistorted by inflation and serve as clearer signals
and guides to the efficient allocation of resources and thus contribute to
higher standards of living. Moreover, stable prices foster saving and capital
formation, because when the risk of erosion of asset values resulting from
inflation—and the need to guard against such losses—are minimized, households
are encouraged to save more and businesses are encouraged to invest more.”
Let’s look at
the results of Bernanke’s economic “fine tuning” (using data from the St. Louis
Fed’s database, starting in February, 2006, through April 2011), and see if he
has successfully pursued this mandate.
Definition
of STABLE ( from
the Mirriam-Webster dictionary)
a : : fixed , steadfast < stable opinions>
b : : unvarying <in
stable condition>
c : permanent , enduring < stable civilizations>
Stable
Prices?
Stable prices
are one of the Fed’s primary mandates. In the table below, take a look at
what has happened to the prices of items in a typical U.S. consumer’s budget
since Ben took the reins:
Feb ’06 –
April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
It is easy to
play with the weightings of the above prices, and see how individual budgets
would be impacted. Regardless of the method used to look at prices, it is
clear that Bernanke has not been successful at maintaining price stability
since taking over as Fed Chairman. Mandate not accomplished.
Maximum
or Full Employment
Finding a
strict definition of maximum employment is impossible. Many economist
give different estimates, ranging from 2%-7%. The standard unemployment
rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke
started. The more inclusive (realistic) U6 number stands at 15.8%, up 75%
in the same period. The Civilian Participation Rate has declined 2.87% to
64.2%.
This is the
lowest level the U.S. has seen since March, 1984. The decline amounts to
8,946,844 fewer Americans in the labor force. Had they not dropped out
because of a lack of jobs, the “official” unemployment rate would be
significantly higher. While we can debate the meaning of the term maximum
employment, it is clear that the jobs data has deteriorated considerably since
Bernanke took the reins at the Fed. Mandate not accomplished.
Moderate
Interest Rates
While not
stated in Bernanke’s recent address, the Fed’s website also posts “moderate
interest rates” as a stated goal. While we cannot definitively say what
constitutes “moderate”, we do know that both short and long-term interest rates
are near all time lows. It is safe to assume that near record low rates
are not “moderate”. Further, when interest rates are artificially
held below the rate of economic growth,” financial repression” is
occurring. Many bright folks have commented on how the zero interest rate
policy (ZIRP) is destructive to savers and misallocates resources. It is
safe to say that this mandate has not been accomplished.
In conclusion,
it is evident that Ben Bernanke is failing his mandates. We believe it
must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
We will leave
it up to our readers to make their own conclusions.
Matt Marcewicz
& Robert Barone, Ph.D.
Matthew Marcewicz and Robert Barone are investment advisor
representatives with Ancora West Advisors LLC, Reno, Nev. ‘
Ron Paul’s
Anti-Fed Message Gains Respect For decades — and mostly from the margins —
Paul has held fast to his Libertarian message, giving him authenticity
TSA Defends Forcing Elederly Leukemia Patient to Remove
Diaper Kurt Nimmo
Banker
Occupation of Greece Stephen
Lendman
Hillary Clinton Channels the Neocons Kurt Nimmo
Libya says NATO strikes kill 15 civilians; alliance
denies report CNN
Economy Expected to Have Major Slide in Months Ahead The New York Times
Report: Hugo Chavez in Critical Condition In Cuban
Hospital Fox News Latino
The Alex Jones Show: The Mafia Government We Live Under The Alex Jones Channel
TSA Defends Forcing Elederly Leukemia Patient to Remove
Diaper Kurt Nimmo
Banker
Occupation of Greece Stephen
Lendman
Hillary Clinton Channels the Neocons Kurt Nimmo
Libya says NATO strikes kill 15 civilians; alliance
denies report CNN
Economy Expected to Have Major Slide in Months Ahead The New York Times
The Alex Jones Show: The Mafia Government We Live Under The Alex Jones Channel
Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all,
Mr. ‘wobama aficionado’, aka Mr. Milbank. How about the vast and overwhelming
majority of this nation, and add in the rest of the world to boot.
Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person
who minces no words as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the
war and bringing home all of the troops.
Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly:
Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... wobama’s really got problems (you know, that unflinchingly loyal
18%). Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’… Kobe Bryant China Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.) Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom,
freedom generally did they come to these shores. A rare exception to the influx
of immigrants to this young nation who turned out to be more a virus to the
indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street
accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Human Rights Group: No Evidence Gaddafi Encouraged Troops
to Rape Kurt Nimmo
Ron Paul Slams Absurd Libya War Powers Debate The State Column
Alex
Jones: Beyond The Box Paul
Joseph Watson
American in Tripoli: First Hand Account RT
PNAC-Reborn: Calling for Greater Libyan War Tony Cartalucci
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would
authorize mission, but stop short of cutting funding. (Washington Post) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Alex Jones Takes TSA Fight to Capitol Infowars.com
TSA Bill Replaced With Toothless Resolution? Paul Joseph Watson
Groping Bill Killed by Texas House Committee Kurt Nimmo
TSA Groping Bill Up For Vote In Texas Senate Monday Lone Star Report
Ex-MI6 chief
altered Iraqi intelligence A top former British intelligence official had
misled the public about the former Iraqi regime’s weapons program to pave the
way for war, it is now revealed.
Israel plots ways to repel new Gaza
flotilla Hindustan Times - ’ israel's
security cabinet was to convene on Monday for a second day of discussions on
how to stave off an international flotilla intending to breach the naval
blockade of Gaza, local media said.’
JFK {Platoon
, Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in
pervasively corrupt, defacto bankrupt, banana republic america, gunboat
diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the political
trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that
‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported leaders today; compromised, cowardly,
criminal puppets all, the story of pervasively corrupt, defacto bankrupt
america today.
October 15, 2010 (*see infra)
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably
would apply and I would absent resolution seek to refer the within to a firm
with expertise in that area of the law with which I am not familiar)
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of separation
– Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf documented
by way of certification upon investigation that Alan Shiff, USBCJ, had
falsely stated a dismissal upon which false statement he predicated a
retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for
a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC,
District of Connecticut, who denied Coan’s requested relief as to Coan but
precluded my action against Shiff (although there is no immunity, judicial
or otherwise, for criminal acts, ie., fraud connected with a case under
Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug)
money being laundered through the Trump casinos by the RICO defendants,
and despite my motion to recuse her which motion she heard herself and
denied, and U.S. Trustee Hugh Leonard with whom I met personally refused
to join or file a separate motion to recuse and not long thereafter left
said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client. Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long
Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with
whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at
which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. ]
FBI
trouble after Bulger’s capture? The
crime boss is said to have boasted of corrupting agents. If he talks, some
could live to regret it. (Washington Post) [ Wow! I knew the northeast
generally, jersey / new york particularly in terms of mob infestation /
infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the objection
of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia /
organized crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that
Christmas was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found that
more than a dozen FBI agents had broken the law or violated FBI regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead investigators
in the Bulger case, said Bulger may agree to talk if he thinks it could help
his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult
not to like Mr. Woodward or not to receive well anything he reports on. After
all, having been played on the big screen by extremely likeable Robert Redford,
I’m constrained to say I myself am predisposed to liking Mr. Woodward
(Hoffman/Bernstein – not so much) and being thusly more receptive to what he
has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to
have studied in sixth grade, the advanced reading group, courtesy of James
Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he
treated young people as more than just kids, with exposure to the great
classics, classical music, slides and insights from his wide-ranging world
travels, etc.). This is not to say Mr. Woodward should in any way be diminished
inasmuch as his substantial journalistic credentials and contributions speak
for themselves (particularly his recent piece, at great peril I believe, on the
ubiquity of high level security clearances in the Washington metro area).
Moreover, his contributions are invariably a welcomed positive for the great
paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and,
I can’t help but think, with all the scripted, staged hoopla surrounding the
Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl
harbor event’ so sought by the neo-cons / war mongerers still defies
explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge
by some {who conveniently ‘missed the party’ that day}, etc.. Some links,
echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people
must remain attuned to the reality that though
having but 5% of the world’s population, america can boast 76% of the world’s
serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime
rates in the world by far. That perverse field of dreams I’ve previously
alluded to, the american nightmare, if you build / contrive war, they will
come. And, they do; seals of them (among others); and when their ‘tours’ are
done, it’s murder inc./contract killing for hire that they’ve won (cia, mob,
etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred
to as the american century, brings longings of nostalgia to american criminals
who, like Pavlov’s dogs salivate at the
prospect of killing, raping, pillaging,
and plundering which primitive mindset they have mistakenly been conditioned to
connect to their now irretrievably lost success as a nation state, and to the
contrary, has become globally and domestically self-destructive /
self-defeating. In so short a period of time, it is unlikely that Mr. Woodward
could do an incisive investigative piece as he’s become famed for; nor could he
reasonably be expected to have done so given the ‘breaking nature’ of the
story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and
reeks of political desperation and Orwellian opportunism. Uncharacteristically,
and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so
that I can continue to like Bob Woodward Redford.]
Week
Ahead: Fireworks Coming Early? at
Forbes
Top
3 Reasons Markets Were Down After Tech and Gold Slumped Wall St. Cheat Sheet June 24, 2011, Markets closed down on Wall Street: Dow
-0.96% , S&P -1.17% , Nasdaq -1.26% , Oil +0.24%, Gold -1.32% .
On the
commodities front, Oil (NYSE:USO ) recovered slightly, up to $91.24 a barrel after
yesterday’s $4 drop. Precious metals were down again today with Gold (NYSE:GLD ) closing at $1,500.50, a drop of $23 from
yesterday, and Silver (NYSE:SLV ) is down 2.36% to $34.19.
Today’s
markets were down because:
1) Tech slump.
Both Oracle (NASDAQ:ORCL ) and Micron Technology (NASDAQ:MU ) suffered huge
losses in the market today , weighing heavily on tech stocks. The Nasdaq
Composite, up 0.66% yesterday is down 1.16% today. Tech was also the worst
performer of the 10 sectors on the S&P 500. Blue chips were dragged down as
well by the Dow’s tech members like Microsoft (NASDAQ:MSFT ), Intel (NASDAQ:INTC ), and Cisco (NASDAQ:CSCO ). All in all it was a terrible day for tech (NYSE:XLK ).
2) Italy might
be the new Greece. Also Ireland, Portugal, and maybe Spain (NYSE:EWP ). Really no one’s being left out of the party.
After Moody’s put 12
Italian government-related financial institutions on review for possible
downgrade, people are worried that it might be too late to contain Greece’s
debt woes — they may have already contaminated other borderline economies.
Spanish and Italian bond yields are up, with Spain’s 10-year bond reaching its
highest level since 2000. And Italy (NYSE:EWI ) has a national debt that totals 120% of GDP, a
figure that seems unlikely to improve considering long-term structural
weaknesses and low productivity. Greece may only be the first domino to fall.
3) Positive
economic data? The latest GDP
report came out this morning and the figures were better than previous
estimations, showing durable goods rose more than expected in May after
suffering a 2.7% decline in April. But the report couldn’t have come out at a
worse time, overshadowed by today’s tech losses and renewed fears in Europe, as
well as still-low crude futures and plummeting oil-related stocks…’
Regulators shut small Georgia bank; 48th in 2011
Stocks
Cut Losses On Greek Deal Pipe Dream at
Forbes Steve Schaefer ‘ Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime
Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into
positive territory, up 18 points to 2,687, the Dow Jones industrial average
down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284.
Earlier, the Dow had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central
role in the negotiations.’
Was Bernanke's Speech the last Nail in the Coffin? Maierhofer, June 24, 2011 The more FOMC meetings go by, the more they
remind me of cotton candy.
Every meeting
gets hyped up and whets your appetite for solid tidbits of financial guidance,
yet every FOMC meeting leaves me unfulfilled and unsatisfied, just like cotton
candy. There's much fluff but no substance.
For what it's
worth, lets dissect some of Bernanke's statements and its implications for
stocks. More importantly, we'll take a look at what the stock market has said
and will say, and how this matches up to technical analysis. You may be
surprised just how accurate the market's subtle signals have been.
About QE3
Bernanke said
that a new asset purchase program (something like QE3) won't be discussed for
at least another two to three FOMC meetings (the next FOMC meetings are
scheduled for August 9, September 20, November 1, 2).
He added that
the economy is in a different position today than it was last year.
Interestingly, he specifically noted that today's situation is just that,
different, but not where they'd like it to be. In other words, no QE3 is needed
right now.
About
Banks
Bernanke
didn't specifically talk about bank's health, but mentioned this: 'We don't
have a precise read on why this slower pace of growth is persisting. Maybe some
of the headwinds like weakness in the financial sector ... are stronger than we
thought.'
It seems like
Sherlock hit the head on the nail there. Of the 7,574 federal insured banks,
11.7% are on the FDIC's problem list. It is not surprising that the financial
sector ETFs trade below their 200-day moving average.
About GDP
The 2011 Gross
Domestic Product (GDP) forecast was cut to a range of 2.7% - 2.9% from a prior
range of 3.1% - 3.3%. 2012 GDP has been revised to a range of 3.3% - 3.7% from
3.5% - 4.2%.
Keep in mind
that government spending accounts for 26% of GDP. Furthermore, GDP does not
distinguish how government spending is financed. Yes, all the government
spending that has brought the country to the brink of insolvency is reflected
in GDP. It's time to rethink using GDP as the ultimate economic growth
indicator.
About
Treasuries
There's much
speculation about the future direction of long-term Treasuries. I could add my
own two cents to the mix, but quite frankly at this point there is no high
probability set up.
However, I see
that 30-Year Treasuries are above the 50 and 200-day moving average and barely
above the 20-day MA. But Treasuries are also below a trend line that has
rejected all advances for over 3-months.
Any major move
will either have to break below the 20-day MA or above the trend line. Knowing
this allows us to formulate high probability trading strategies (detailed
analysis on TLT and Treasury available via the ETF Profit Strategy Newsletter).
About
Europe
Here's how
Bernanke summed up the situation in Europe: 'Failure to resolve the Greek
situation would pose threats to European and global financial systems and
European political unity. It's one of several potential financials risks we are
facing.' Does Benny B. think the European debt situations is worse than the
media leads us to believe?
About the
only Authority
There are many
opinions about what stocks (NYSEArca: TMW - News ) may or may not, or should
or should not do. But none of that matters, because the final and only
authority is the market itself. That's why it makes sense to listen to the
market and to the market only.
The chart
below lists various support/resistance levels for the S&P 500 (SNP: ^GSPC).
To keep it simple, I've omitted various weekly and monthly pivots. It's
important to note that we don't draw trend lines or Fibonacci levels, the
market does. We simply connect the dots. It doesn't matter if you analyze the
S&P, the Dow Jones (DJI: ^DJI), the Nasdaq (Nasdaq: ^IXIC) or the Russell
2000 (NYSEArca: IWM - News ).
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif
In hindsight
it's always easy to interpret why the market did what. Let's take a look at
what the ETF Profit Strategy Newsletter said about the various
support/resistance levels shown in the chart BEFORE the S&P encountered
them.
April 3, about
S&P 1,369: 'There is strong Fibonacci resistance at 1,369. In terms of
resistance levels, the 1,369 - 1,xxx range is a strong candidate for a reversal
of potentially historic proportions.'
May 3, about
S&P 1,369: Recommendation to short the S&P against 1,369 with a tight
stop-loss. The S&P topped the very next day at 1,370 and tumbled over 110
points thereafter.
June 5, about
S&P 1,298: 'A close below 1,298 would open the door for a retest of the
important 1,255 Fibonacci level. Anyone who is not short but wants to be may
take a short position if the S&P moves below 1,298 with a stop-loss at
1,304.' The very next day the S&P sliced through 1,298 support and fell as
low as 1,258.
June 15, about
S&P 1,259: 'The 200-day SMA at 1,257 is sandwiched between the 1,255
Fibonacci projection level dating back to 2002 and this week's s1 at 1,259.
Wednesday's low was at 1,261.9. If this low is not enough, there is a strong
cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would
prompt us to close out short positions and leg into long positions.'
The next day
the S&P bottomed at 1,258 and rallied as high as 1,298.
June 21, about
S&P 1,298: The S&P triggered a bearish low-risk entry. The
recommendation was to go short with a stop-loss at 1,299. If you enjoy more
technical lingo, here is the original trade tip:
'The trade
based on percentR is to go short with a stop-loss (based on closing prices) at
today's high (1,297.62). Because of the close proximity to the Fib level at
1,298.5, let's put the stop-loss at 1,299.'
Leading up to
Bernanke's speech, the S&P traded as high as 1,298.61 and faded away.
June 22, about
new lows: 'There is only one support level between yesterday's close and the
200-day SMA at 1,262. If the market is going to drop that far, it will probably
take out the 1,259 low and minimally test the 1,255 Fibonacci support or the
1,250 trend line.'
Cotton
Candy or the Real Deal
There is no
doubt that QE2 has altered the performance of stocks. The absence of QE2 will
probably alter their performance as well…’
AT&T
Gave $500k to House Democrats Pushing The T-Mobile Takeover
Why Are Food
Prices Rising So Fast? If you do
much grocery shopping, you have probably noticed that the cost of food has been
rising at a very brisk pace over the past year. So why are food prices rising
so fast?
How Greece is Mocking the Rest of the World Maierhofer ‘ …
The next few paragraphs will be a walk down memory lane and show how Greece
went from an A1 rating (by Moody's) and a $3 billion deficit reduction effort,
to the most unstable country in Europe and a $146 billion bailout.
As you read
the progression of headlines, ask yourself whether you will believe any future
information spoon-fed by the media and/or government administrations.
It all started
in June 2009. On June 23, Greece's finance minister Yannis Papathanassiou
stated: 'The rate of growth for the Greek economy in 2009 is expected to slow
more than forecasted. Specifically, it will range around zero and only return
to growth in 2010.' The disclosed budget deficit at the time was $3.1 billion.
On October 22,
2009, Fitch lowered Greece's rating from A to A-. On October 30, Moody's placed
Greece's A1 rating on review for a possible downgrade. So far it all sounds
pretty innocent. The rest of the story is described simply in headlines:
December 17,
2009: 'Greek woes hit Euro'
December 21:
2009: 'ECB member says no bailouts for Greece'
January 18:
'Two EU ministers: No bailout for Greece'
January 19: 'Greece
tackles statistics trouble' (hmm, the numbers just didn't add up despite all
the financial alchemy)
February 9,
2010: 'Bulls run on Greece news' (over rumors about a bailout)
February 11,
2010: 'European Union throws a big fat Greek bailout'
February 22,
2010: 'Debtors bet Greece won't spill'
February 27,
2010: 'Athens, Berlin spar as bailout takes shape (talks about $41 billion)
March 4, 2010:
'Is Greece's crisis over?'
April 24,
2010: 'Greece asks for $60 billion bailout'
April 27,
2010: 'Greece contagion fears unfounded'
May 3, 2010:
'Greece gets $146 billion rescue'
May 3, 2010:
'Wall Street up sharply on data, Greece package'
May 8, 2010:
'Stocks tumble on faulty quotes, Greek concerns'
June 14, 2010:
'Greece's government bond ratings cut to junk by Moody's
July 5, 2010:
'Greece upbeat on bid to exit from crisis'
December 17,
2010: 'IMF approves $3.3 billion for Greece amid impressive fiscal adjustment'
…’
J.D. Power: Best new cars
Federal
Reserve Shipped Billions to Iraq Which Were Then Stolen Washington’s Blog
Jobless claims
rise more than expected Reuters
RIP
Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro
is dead and buried…. quite literally according to sceptics, who’ve held a mock
funeral for the ailing single currency in Brussels.
House
votes down SEC budget hike Agency has been seeking a budget increase to
keep pace with its expanded responsibilities. (Washington Post) [ No surprise
here given the prior and continuing defacto complicity in wall street’s
enormous frauds. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must
ask what have they been doing and already getting paid for? Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person
with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.,
allies to release 60M barrels of oil Effort hopes to cut fuel price and
jolt the stalling economic recovery. (Washington Post) [ Ah, riiiiight! The
next new gimmick, shill talking point for fraudulent wall street and
administrations worldwide and particularly america to pretend they’re doing
something of consequence. Though peak oil has been reached (and hence the
current moves are meaningless as regards that reality, and even detrimental,
longer term), the fact is there’s really no current shortage per se. Just
another meaningless b.s. talking point to divert attention from the much worse
than expected economic / financial data / reports / news. Stocks
Cut Losses On Greek Deal Pipe Dream at
Forbes Steve Schaefer ‘ Reuters report
Thursday afternoon said Greece has reached a deal with the European Union and
the International Monetary Fund on a new five-year austerity program, helping
Wall Street shed the bulk of its heavy losses Thursday afternoon, even though
such an agreement means little in the face of contentious debate within the
Greek government.
While a deal
with the EU and IMF on austerity clears the path for Greece to continue
receiving the bailout loans that are allowing it to meet its funding needs,
there is still a huge hurdle to clear in getting the deal through Greece’s
Parliament, no small task. After all, in just the past week Greek Prime
Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote (which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday
morning, Barclays Capital head of research Larry Kantor said he expects an
eventual Greek restructuring in 2012. In the near-term, BarCap figures enough
will be done to kick the can down the road and allow for some recapitalization
of the European banking system. That of course depends on some austerity being
passed, which Kantor said “is far from assured, though we think it will
happen.” And even once such a package is passed it only buys time. Actually
fixing the fiscal condition of Greece is not something that can be solved in a
matter of weeks, or even months.
Thursday
afternoon’s report may just be the latest noise on the inexorable path toward
restructuring – after all, we have been talking about Greek debt for more than
a year at this point and have yet to see anything resembling a long-term
solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close
the major indexes were well off their lows, with the Nasdaq popping into
positive territory, up 18 points to 2,687, the Dow Jones industrial average
down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284.
Earlier, the Dow had lost more than 200 points.
Thursday’s
earlier slide was driven in part by the Obama Administration’s decision to tap
the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil,
as part of a move by the International Energy Administration to stem the impact
of the production lost from Libya this year. That move hindered energy stocks,
with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped
to $91.82 a barrel.
Meanwhile,
talks over the U.S. debt ceiling involving Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central
role in the negotiations.’
STOCKS
MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To
Know Business Insider [ You need to
know that the bad news is at least reality and probably worse, and that
tomorrow, etc., the b***s*** spurring
rally will still be b***s***! ]
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed !
Geithner:
Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’ Treasury
Secretary Timothy Geithner told the House Small Business Committee on Wednesday
that the Obama administration believes taxes on small business must increase so
the administration does not have to “shrink the overall size of government
programs.”
ECONOMIC CRISIS ARCHIVE
National / World
Texas Lawmakers AWOL For Vote On TSA Groping Bill Paul Joseph Watson
House Rejects Resolution Authorizing U.S. Mission in
Libya NYT
Pentagon Moves to Expand War in Pakistan Kurt Nimmo
Perry Supporter Claims Alex Jones Works For Obama Paul Joseph Watson
Al Gore, Agenda 21 And Population Control The American Dream
GOP
demands meeting with Obama on taxes
Congressional Republicans abruptly pulled out of debt-reduction talks
with the White House after seven weeks of negotiations. (Washington Post) [
Ooooh! The lines in the sand are drawn … a principled stand we see … what total
b***s*** … all of them … democrats / republicans … for the sake of whom? … the
frauds on wall street … I want just one person with courage enough to stand up
and explain to all that these huge commissionable computerized trading volumes
like never before are a net negative in a very big way … that’s a fact … that’s
economic reality in real terms … then explain in cogent, fact-based fashion
beyond the war mongering rhetoric how the trillions spent on these contrived
and illegal (ie., Iraq, etc.) wars are worth the trillions spent bankrupting
this nation and spilling innocent blood and including as well, the blood of
u.s. soldiers. Then explain how the frauds on wall street by the biggest frauds
remain unprosecuted. Pathetic! Truly pathetic!
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! They’ve
used the contrived mideast turmoil and their wars to obfuscate and divert
attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) .
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Permanent
U.S. Iraq and Afghanistan Occupations Planned Stephen Lendman
The Plan to Destabilize
Syria Thierry Meyssan
US
official urges ‘immediate’ power transfer in Yemen AFP
Drone
Airplane Crashes Into Roof Of Damaged Fukushima Reactor #2 Fukushima, which
has yet to be wrapped up into the world’s most surreal Christo project, has now
entered the realm of the sitcom farce.
Mexican
troops cross into the United States A convoy of three military trucks
loaded with Mexican soldiers crosses the border at Bridge Number Two clearly
violating international law.
Pentagon
Moves to Expand War in Pakistan Now that Obama will go into the silly
season of American presidential politics claiming he ended the occupation of Afghanistan,
it is time for the Pentagon to get serious about its effort to destabilize
Pakistan and prepare for the next world war.
Perry
Supporter Claims Alex Jones Works For Obama Following our exposé of
potential Republican presidential candidate Rick Perry’s globalist leanings,
several neo-con news outlets reacted with a mixture of contempt, fury and in
one case, outright frothing idiocy, by claiming that Alex Jones and Infowars
were fully paid-up propagandists for the Obama 2012 re-election campaign.
Obama’s
Drawdown Speech: More Orwellian Lies Obama begins his speech by claiming
Osama bin Laden and al-Qaeda attacked the United States on September 11, 2001.
Like his predecessor, the government, and the corporate media, he does not
offer any evidence but simply states it as fact.
The War President Barack Obama,
once hailed as the anti-war president, was awarded the Nobel Peace Prize
for—supposedly—his extraordinary efforts to strengthen international diplomacy
and cooperation between people.
Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person
who minces no words as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the
regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’… Kobe Bryant China Kobe's team,
in China ,
anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That nebulous,
‘fudgeable’, over a period of time thing … ‘$4 trillion in savings by 2021
to avoid a debt crisis. Others view $2 trillion as impossibly
ambitious...more borrowing authority for a nation already mired in red
ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book ‘Goombata:
The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring failures
of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
World
War III Defined: Wider War Unfolding in Middle East It’s time to identify
the unfolding Middle East crisis for what it is– a wider world war. Alex Jones
analyzes the more than nine years of expanding middle east conflict since 9/11,
with the U.S. now engaging in 5 simultaneous proxy wars including Iraq,
Afghanistan, Libya, Pakistan and Yemen.
What
else is radical in Pakistan Expressing pro-America sentiments requires a
degree of boldness that verges on a death wish. (Washington Post) [ And believe
it, not just Pakistan. After all, empathy / ability to empathize is what
supposedly in large part separates humans from other purportedly lower animals.
What would be the attitude of an american in america to a similarly
destructive, murderous force from abroad in america, you know, boots on the
ground as well as bombing (and not that contrived ‘pearl harbor event’ on 911
for the sake of the military industrial complex, israel, and neocon talking
points – who gave that stand-down order)? Indeed, this would be untenable
position for any foreign nation much less the pervasively corrupt, high crimes,
war crimes, meaningfully lawless nation in decline and fall america has become.
After all, america’s hardly the shining beacon of light in the world today as
viewed domestically as well as internationally, and infra, america has the
crime stats to prove it. Then there’s the defacto bankruptcy of america which
is lost on no one and no nation. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature.. Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
U.S.
Senate investigates claim CIA tried to smear U-M prof NIRAJ WARIKOO
Nicolas
Sarkozy accuses Robert Gates of ‘bitterness’ The Telegraph
Mob boss brought back to Boston; will
he sing? DENISE
LAVOIE BOSTON (AP) — James
"Whitey" Bulger's capture could cause a world of trouble inside the
FBI.
The
ruthless Boston crime boss who spent 16 years on the lam is said to have
boasted that he corrupted six FBI agents and more than 20 police officers. If
he decides to talk, some of them could rue the day he was caught.
"They
are holding their breath, wondering what he could say," said Robert
Fitzpatrick, the former second-in-command of the Boston FBI office.
The
81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he
apparently had been living for most of the time he was a fugitive. He appeared
Friday afternoon inside a heavily guarded federal courthouse in Boston to
answer for his role in 19 murders.
Bulger,
wearing jeans and a white shirt, looked tan and fit and walked with a slight
hunch at back-to-back hearings on two indictments. He asked that a public
defender be appointed to represent him, but the government objected, citing the
$800,000 seized from his Southern California apartment and his "family
resources."
"We
think he has access to more cash," said prosecutor Brian Kelly.
At
the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge
Marianne Bowler asked him if he could afford to pay for an attorney.
"Well,
I could, if they would give me my money back," he replied in his
unmistakable Boston accent, prompting laughter in the courtroom.
Kelly
implied that Bulger's cash came from illegal activities.
"He
clearly didn't make that on a paper route on Santa Monica Boulevard," he
said.
Prosecutors
asked that Bulger be held without bail, saying he is danger to the community
and may try to threaten witnesses.
"He's
also, quite obviously, a risk of flight," Kelly said.
Kelly
also said Catherine Greig, Bulger's longtime girlfriend who was arrested with
him, told court officials that Bulger's brother may be willing to assist him in
posting bail.
Bulger
did not ask for a detention hearing, but his lawyer said he may later make an
argument that Bulger should be released on bail while awaiting trial.
The
amount of money found in Bulger's apartment confirmed a longheld belief by
investigators that he kept large stashes of cash for a life on the run.
"We
clearly don't think this is his last stash," Kelly said.
When
Bulger walked into the courtroom, he saw his brother William, the former
powerful leader of the state Senate, seated in the second row. Whitey Bulger
smiled at him and mouthed, "Hi." His brother smiled back.
Greig
appeared in court a few minutes later on charges of harboring a fugitive. She
asked for a hearing to determine whether she can be released on bail, and one
was scheduled for next week.
Bulger,
the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI
in scandal after he disappeared in 1995. It turned out that Bulger had been an
FBI informant for two decades, feeding the bureau information on the rival New
England Mafia, and that he fled after a retired Boston FBI agent tipped him off
that he was about to be indicted.
The
retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The
FBI depicted Connolly as a rogue agent, but Bulger associates described more
widespread corruption in testimony at Connolly's trial and in lawsuits filed by
the families of people allegedly killed by Bulger and his gang.
Kevin
Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash
for law enforcement officers at holiday time. "He used to say that Christmas
was for cops and kids," Weeks testified.
After
a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found
that more than a dozen FBI agents had broken the law or violated FBI
regulations.
Among
them was Connolly's former supervisor, John Morris, who admitted he took about
$7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen
"The Rifleman" Flemmi. Morris testified under a grant of immunity.
In
addition, Richard Schneiderhan, a former Massachusetts state police lieutenant,
was convicted of obstruction of justice and conspiracy for warning a Bulger
associate that the FBI had wiretapped the phones of Bulger's brothers.
Edward
J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that
Bulger will disclose new details about FBI corruption and how agents protected
him for so long.
"Whitey
was no fool. He knew he would get caught. I think he'll have more fun pulling
all those skeletons out of the closet," MacKenzie said. "I think
he'll start talking and he'll start taking people down."
A
spokesman for the Boston FBI did not return calls seeking comment. In the past,
the agency has said that a new generation of agents has replaced most or all of
the agents who worked in the Boston office while Bulger was an informant.
A
law enforcement official who requested anonymity because of the ongoing
investigation told The Associated Press on Friday that FBI agents lured Bulger
out of his., apartment earlier this week by telling him someone had broken into
his on-site storage unit. The official said Bulger walked out of the apartment,
was arrested without incident and consented to a search of the premises.
Some
law enforcement officials said they doubt Bulger will try to cut a deal with
prosecutors by exposing corruption, in part because he will almost certainly be
asked to reveal what contact he had with his brothers while he was a fugitive
and whether they helped him in any way.
"If
Bulger talks, he would have to talk about his brothers, and I can't see that
happening, said retired state police Detective Lt. Bob Long, who investigated
Bulger in the 1970s and '80s."They are not going to take selective
information from him — it's either full and complete cooperation or
nothing."
Criminal
defense attorney and former Drug Enforcement Administration agent Raymond
Mansolillo said Bulger may not have any incentive to talk. "The FBI may
say, 'You're going to jail or you're going to be killed. We're not offering you
anything,'" said Mansolillo, who once represented New England crime figure
Luigi "Baby Shacks" Manocchio.
But
retired Massachusetts state police Maj. Tom Duffy, one of the lead
investigators in the Bulger case, said Bulger may agree to talk if he thinks it
could help his girlfriend.
"It's
very possible he's concerned about her well-being — she was with him for 16
years and was very loyal to him," Duffy said. "That may be a
bargaining chip for the government during negotiations."
The
question of whether Bulger will be given a public defender will be decided
later. A hearing was scheduled for Tuesday. He did not enter a plea.
Bulger
is "looking forward to facing the charges against him," said Peter
Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing
only.
Among
the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's
home turf of South Boston. "I'm here to see him get what he
deserves," she said.
Ina
Corcoran of suburban Braintree came on her day off to witness a piece of
history and sat on a bench outside the fifth-floor courtroom, saying it was
like being there to see Al Capone.
"If
you could go back in time to be in that courtroom, wouldn't you?" she
said.
___
Associated
Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson
in Miami and Greg Risling in Los Angeles contributed to this report.’
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN TO
THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY: State,
local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%...
]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by
security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ …
that is … Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was
reported that Diana had another ‘potential challenger in the oven’ at the time
of her death and we all know how dicey such english affairs of state can be
(ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for
having brought the son of her bosom, Chas, down. Do I think she said flat out
‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately,
William will require some substantial
therapy to sort out this looming conflict. After all, Diana was his
mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
STOCKS
MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To
Know Business Insider [ You need to
know that the bad news is at least reality and probably worse, and that
tomorrow, etc., the b***s*** spurring
rally will still be b***s***! ] On Thursday June 23, 2011, 4:00 pm EDT
It could have
been a real disaster today!
But first, the
scoreboard:
Dow: -53.16
And now, the
top stories:
(Meanwhile, PMI data in both China and Europe
was bad)
In the US, there were more unhelpful headlines.
Initial claims were ugly. The Chicago Fed index was mediocre, and the big
one: The debt ceiling
negotiations have collapsed
At 9:00 AM ET, the
IEA dropped a huge shocker
Early on, the Dow was down 200 points.
And yet... the markets were amazingly resilient.
The NASDAQ actually closed green on a big rally in tech. Apple, which has
been laggy lately, was a big gainer. The Russell 2000 had a shockingly
strong day as well.
Late in the day: Markets caught a bid on news
that the Greek government had agreed to a deal on austerity
with the EU, but it really isn't that important, since the real hurdle is
the austerity voting. Still, it helped ease the pain a little bit.
Financial sector layoffs rise, more cuts ahead (Reuters)
Losing Another Decade Bill Bonner ‘Great Speculations Buys, holds, and hopes An
article in The Financial Times Another
Lost Decade by Bill Bonner originally
appeared in the Daily Reckoning .’
New
Home Sales Dropped This Much in May Wall
St. Cheat Sheet
Federal Tax Receipts Show Economy Grinding to a Halt
Technicals Knew what Bernanke Didn't: Stocks will Tank! But How
Much? Simon Maierhofer June 23, 2011
The more FOMC
meetings go by, the more they remind me of cotton candy.
Every meeting
gets hyped up and whets your appetite for solid tidbits of financial guidance,
yet every FOMC meeting leaves me unfulfilled and unsatisfied, just like cotton
candy. There's much fluff but no substance.
For what it's
worth, lets dissect some of Bernanke's statements and its implications for
stocks. More importantly, we'll take a look at what the stock market has said
and will say, and how this matches up to technical analysis. You may be
surprised just how accurate the market's subtle signals have been.
About QE3
Bernanke said
that a new asset purchase program (something like QE3) won't be discussed for
at least another two to three FOMC meetings (the next FOMC meetings are
scheduled for August 9, September 20, November 1, 2).
He added that
the economy is in a different position today than it was last year.
Interestingly, he specifically noted that today's situation is just that,
different, but not where they'd like it to be. In other words, no QE3 is needed
right now.
About
Banks
Bernanke
didn't specifically talk about bank's health, but mentioned this: 'We don't
have a precise read on why this slower pace of growth is persisting. Maybe some
of the headwinds like weakness in the financial sector ... are stronger than we
thought.'
It seems like
Sherlock hit the head on the nail there. Of the 7,574 federal insured banks,
11.7% are on the FDIC's problem list. It is not surprising that the Financial
Select Sector SPDR (NYSEArca: XLF
- News ), the SPDR KBW Bank ETF
and the SPDR KBW Regional Banking ETF (NYSEArca: KRE - News ) trade below their 200-day
moving average.
About GDP
The 2011 Gross
Domestic Product (GDP) forecast was cut to a range of 2.7% - 2.9% from a prior
range of 3.1% - 3.3%. 2012 GDP has been revised to a range of 3.3% - 3.7% from
3.5% - 4.2%.
Keep in mind
that government spending accounts for 26% of GDP. Furthermore, GDP does not
distinguish how government spending is financed. Yes, all the government
spending that has brought the country to the brink of insolvency is reflected
in GDP. It's time to rethink using GDP as the ultimate economic growth
indicator.
About
Treasuries
There's much
speculation about the future direction of long-term Treasuries. I could add my
own two cents to the mix, but quite frankly at this point there is no high
probability set up.
However, I see
that the iShares Barclays 20+ Year Treasury ETF (NYSEArca: TLT - News ) is above the 50 and 200-day
moving average and barely above the 20-day MA. But TLT is also below a trend
line that has rejected all advances for over 3-months.
Any major move
will either have to break below the 20-day MA or above the trend line. Knowing
this allows us to formulate high probability trading strategies (detailed
analysis on TLT and Treasury available via the ETF Profit Strategy Newsletter).
About
Europe
Here's how
Bernanke summed up the situation in Europe: 'Failure to resolve the Greek
situation would pose threats to European and global financial systems and European
political unity. It's one of several potential financials risks we are facing.'
Does Benny B. think the European debt situations is worse than the media leads
us to believe?
About the
only Authority
There are many
opinions about what stocks (NYSEArca: VTI - News ) may or may not, or should
or should not do. But none of that matters, because the final and only
authority is the market itself. That's why it makes sense to listen to the
market and to the market only.
The chart
below lists various support/resistance levels for the S&P 500 (SNP: ^GSPC).
To keep it simple, I've omitted various weekly and monthly pivots. It's
important to note that we don't draw trend lines or Fibonacci levels, the
market does. We simply connect the dots. It doesn't matter if you analyze the
S&P, the Dow Jones (DJI: ^DJI), the Nasdaq (Nasdaq: ^IXIC) or the Russell
2000 (Chicago Options: ^RUT).
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif
In hindsight
it's always easy to interpret why the market did what. Let's take a look at
what the ETF Profit Strategy Newsletter said about the various
support/resistance levels shown in the chart BEFORE the S&P encountered
them.
April 3, about
S&P 1,369: 'There is strong Fibonacci resistance at 1,369. In terms of
resistance levels, the 1,369 - 1,xxx range is a strong candidate for a reversal
of potentially historic proportions.'
May 3, about
S&P 1,369: Recommendation to short the S&P against 1,369 with a tight
stop-loss. The S&P topped the very next day at 1,370 and tumbled over 110
points thereafter.
June 5, about
S&P 1,298: 'A close below 1,298 would open the door for a retest of the
important 1,255 Fibonacci level. Anyone who is not short but wants to be may
take a short position if the S&P moves below 1,298 with a stop-loss at
1,304.' The very next day the S&P sliced through 1,298 support and fell as
low as 1,258.
June 15, about
S&P 1,259: 'The 200-day SMA at 1,257 is sandwiched between the 1,255
Fibonacci projection level dating back to 2002 and this week's s1 at 1,259.
Wednesday's low was at 1,261.9. If this low is not enough, there is a strong
cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would
prompt us to close out short positions and leg into long positions.'
The next day
the S&P bottomed at 1,258 and rallied as high as 1,298.
June 21, about
S&P 1,298: The S&P triggered a bearish low-risk entry. The
recommendation was to go short with a stop-loss at 1,299. If you enjoy more
technical lingo, here is the original trade tip:
'The trade
based on percentR is to go short with a stop-loss (based on closing prices) at
today's high (1,297.62). Because of the close proximity to the Fib level at
1,298.5, let's put the stop-loss at 1,299.'
Leading up to
Bernanke's speech, the S&P traded as high as 1,298.61 and faded away.
June 22, about
new lows: 'There is only one support level between yesterday's close and the
200-day SMA at 1,262. If the market is going to drop that far, it will probably
take out the 1,259 low and minimally test the 1,255 Fibonacci support or the
1,250 trend line.'
Cotton
Candy or the Real Deal
There is no
doubt that QE2 has altered the performance of stocks (NYSEArca: IVV - News ) and commodities (NYSEArca: DBC - News ). The absence of QE2 will
probably alter their performance as well.
But I don't
use the cotton candy-like analysis provided by Mr. Bernanke or Wall Street.
Listening to the market has proved far more effective…’
UPDATE
1-High yield bond funds suffer record outflow-Lipper at Reuters
AAII
Sentiment Survey: Do Investors See a Double Dip Recession? Wall St. Cheat Sheet June 23, 2011 Bullish sentiment , expectations that stock
prices will rise over the next six months, jumped 8.5 percentage points to
37.5% in the latest AAII Sentiment Survey. This is an eight-week high for
optimism that stock prices will rise over the next six months. It is also,
however, the 10th consecutive week that bullish sentiment has been below its
historical average of 39%.
Neutral
sentiment , expectations that stock prices will stay essentially flat over the
next six months, declined 1.4 percentage points to 26.8%. The historical
average is 31%.
Bearish
sentiment , expectations that stock prices will fall over the next six months,
dropped 7.0 percentage points to 35.7%. This is a three-week low for pessism.
Nonetheless, bearish sentiment is above its historical average for the 17th
time in 18 weeks.
An end to the
market’s six-week losing streak gave individual investors hope that stock
prices are stabilizing. Even with the improvement in sentiment, pessimism
remains high and is above average for the longest period of time in
approximately a year. (Bearish sentiment never dipped below 30% during the
18-week period of from May 13 to September 9, 2010.) The failure of Washington
to reach an agreement on the debt ceiling and the slow pace of economic growth
remain key concerns for individual investors.
This week’s
special question asked AAII members if the economy has merely slowed or if the
risks of a double-dip recession have increased significantly. Approximately
two-thirds of respondents said the economy has slowed, but will not fall into a
double-dip recession. One-third said the risks of a double-dip recession have
increased.
Here is a
sampling of the responses:
“The economy has only slowed—it would take
another economic shock to take us back into a recession.” “The economy has merely slowed, in part due to
Washington’s wrangling. Resolve the debt ceiling so we can move on.” “The risk of another recession has increased, but
I believe there is still less than a 50% chance of it occurring in the
next 12 months.” “The risks of a double-dip recession have
significantly increased. The government does not know how to fix the
economy.” “However the recession is described, the economy
cannot recover until millions of decent paying jobs are created.”
This
week’s AAII Sentiment Survey results
Bullish: 37.5%, up 8.5 percentage points Neutral: 26.8%, down 1.4 percentage points Bearish: 35.7%, down 7.0 percentage points
Historical
Averages
Bullish: 39% Neutral: 31% Bearish: 30%
Charles Rotblut is the author of the new book Better Good than Lucky: How Savvy Investors Create Fortune with
the Risk-Reward Ratio . The AAII Sentiment Survey has been conducted
weekly since July 1987 and asks AAII members whether they think stock prices
will rise, remain essentially flat, or fall over the next six months. The
survey period runs from Thursday (12:01 a.m.) to Wednesday (11:59
p.m.). The survey and its results are available online at http://www.aaii.com/sentimentsurvey
Top 3 Reasons Markets Fell After Bernanke’s News Conference Minyanville's
T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates conference future Amazon.com, Inc. AMZN Apple Inc. AAPL [I like apple (the first computer I ever bought) and was rooting
for them (not just because wintel based pc’s are so pathetic) and glad they
survived; but, apple / apple products are significantly over-priced and over-valued
which is the purblind sizzle fraudulent wall street loves and sells, as in the
last few crashes.] The ags got hit as wheat and corn
were down again. Precious metals lost momentum as the Fed, for the time being,
ended their inflationary asset buying program. Expect some digestion and choppy
action in the coming days, especially ahead of Friday's Greece vote, where the
market will hope the troubled country can pass the latest round of austerity
measures.’
Is
The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On
May 23, I posted an article on Intelligent Investing titled Is
the Bull Market Topping?
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small
businesses. Small business creates roughly 85% of all jobs in this country. We
also have to implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very
We will
inevitably get several short-term bounces, but will they be significant enough
to build substantial positions over time?’ [ Short answer, No! ]
Crumbling
Cuba Offers Economic Advice to White House at Minyanville [ The irony here is so obvious that I’ve not even wasted
space. Communism is such a total fraud, where ‘everybody’s equal except some
bureaucrats / party-members are ‘more equal’ than others’. Yet, pervasively
corrupt, defacto bankrupt america is no longer the antithesis of said failed
ideology, but rather also now a failed regime on similar theme where
bureaucrats / party-members and those connected, financially or otherwise, to
them are ‘more equal’ than others’. As for the pictures, you can find plenty
just like them right here in the ‘good ole u.s. of a.’
Infographic:
Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A
game-changing Minyanville article about Groupon's business model was part of
the inspiration behind this clever infographic. [ ‘It is a well done graphic which you
can check out here by clicking’ ]
Jim
Cramer Hitting His Most Bearish Notes at
Forbes Heather Struck [ As I’ve previously been saying, yes this is a secular
bear market!
Retirement
As We Know it Is “Dead”: EuroPacific’s Pento The Daily Ticker [ States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 … And that’s just the
part of the public sector that’s on the radar owing to budget scrutiny … the
reality is much worse across the board! ]
‘We
now have more idle men, women than at any time since Great Depression’ Mortimer B. Zuckerman
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
Wall
Street made out on QE2, Main Street lost Brett Arends
Fed
freezes policy despite slow US economy AFP
Jobless claims
rise more than expected Reuters
Greeks Turn Savings To
Gold Gold Core
Jobless
Claims in U.S. Rise More Than Expected More Americans than forecast filed
first-time claims for unemployment insurance payments last week, showing
companies are less confident about the expansion than they were earlier this
year.
Another
Exchange Halts Levered OTC Gold And Silver Trading Last week it was
Forex.com, now it is Oanda. As a reminder “Forex.com, a large retail
foreign-exchange operation, on Friday told clients it will discontinue its gold
and silver over-the-counter products marketed to retail investors who are U.S.
residents.
Fed:
Economy has lost momentum Central bank says it will keep interest rates
near zero to prop up growth, let bond program expire. (Washington Post) [
Reality bites … just wait till it really does … lost momentum? … sure could
have fooled us, Drudgereport: Zuckerman:
'We now have more idle men, women than at any time since Great Depression'... Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'... TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day! DEM
FIX: MORE SPENDING! CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
… must be using micrometers to measure the difference, and at what cost
for the head fake / obfuscation, and with much worse to come, let’s all now in
unison get real : Dave's
Daily ' If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money-- The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! The previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
ECONOMIC CRISIS ARCHIVE
National / World
Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo
Traitorous
Greek Government Accepts IMF Debt Slave Package Greeks seething after two
years of belt-tightening reacted in anger Thursday against a new round of tax
rises and spending cuts worth some 3.8 billion euros which they said would
again hit honest taxpayers hardest.
Is Alex Jones blocked in Greece? Infowars
TSA Lies About Policy “Change” On Child Pat Downs Steve Watson
New Study Finds Direct Link Between Vaccines and Infant
Mortality Paul Joseph Watson
Chance Didn’t Create The Current Economic Crisis Bob Chapman
Parties
at odds on debt reduction Congressional leaders from both parties make new
and competing demands in exchange for their votes to raise the nation’s debt
limit. (Washington Post) [ Oh,
riiiiight! That ‘cute, oft-referenced horse trading’ that goes down on capital
hill. How adorable these lovable slugs are as we wait expectantly for someone
in ‘Bill Murray-like fashion’ (SNL, Stripes, Meatballs, Caddyshack,
Ghostbusters, etc.) to chime in with a shrill comedic cry, ‘noogie time’,
‘noogies’… What a bunch of incompetent dopes. If they and theirs, all three
branches, weren’t so venal and destructive, domestically and internationally,
there would be less reason to be compelled to chastise them; but clearly, they
deserve every bit of criticism and cynicism one can muster. If it ever was (I’m
not amused http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
), their ‘old ways’ certainly aren’t cute,
cool, or appropriate. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Shock
Poll: Only 3 in 10 Will Vote For Obama Americans are growing more
dissatisfied with President Barack Obama’s handling of the economy and say it
will be hard to vote to re-elect him without seeing significant progress over
the next year and a half.
Obama
versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the
late al Qaeda leader, was more popular this year, with a 21 percent
favorability ranking.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
Oil Price
Tumbles After Reserves Release Oil prices tumbled after Western nations
surprised the market, releasing the biggest amount of oil from their emergency
strategic stocks since 1991, in a calculated shot across the bows of Opec, the
oil producers’ cartel.
A
Sinister Cyber-Surveillance Scheme Exposed The programme appears to allow
for the large-scale monitoring of social networks by way of such things as
natural language processing, semantic analysis, latent semantic indexing and IT
intrusion.
Afghan
Troop Withdrawal Is ‘No Change In Plans’ From Obama “This is only to draw
down the extra troops that President Obama sent in when we last heard from him
on this subject in December 2009. This is just drawing down the surge.” Milbank:
Obama’s ‘mission accomplished’ (Washington Post) [ Wow! Up until the last
three paragraphs there seemed to be a semblance of hope for wobama apologist and obamanoid Mr.
Milbank as one could detect ever so slightly that tinge of realism coupled with
traces of both sarcasm and cynicism. Then, wham, from out of the blue, true to
form there he was in wobama’s corner and sharing that one-way ticket to
palookaville. Yes; wobama the b (for b***s***) is all that … bad. The worst
president since … dumbya bush, who was the worst president since … the ‘c’ man,
who was the worst president since … ‘poppy the sailor man’, who was the worst
president since … you get the picture. Failed all, from bad to equally bad or
worse, the story of a nation in the throws of decline and fall. Come on! There
isn’t anything in this world more empty, meaningless, and worthless than words
from wobama the b (for b***s***).… Obama
adopts the Bush Doctrine The May 19
Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents.
The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new jersey,
new york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature..
THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Behind
the scenes of Obama’s speech (Washington Post) [ If only he could stutter; he’d
at least then be oscar worthy. Behind the scenes a puppeteer named ….. Mr.
Teleprompter. See … all that useless, mind-numbing technology does come in
handy every once in a while. And, if we’re able to attach them to one another;
yup, we’ve got ourselves a cyborg. Such a brave new world we’re living in. No
longer will man be blamed for his inhumanity to fellow man. Yes, blame it on
the cyborg ‘who made them do it’. Ah yes, steel and flesh, perfect together;
like guns and butter, ebony and ivory (did they really make you use the back
door to the whitehouse sir paul), oil and vinegar, etc.. Pentagon
renovation now complete Constructing the building took just 17 months
during WWII. The $4.5 billion renovation of the building, however, has gone on
for 17 years -- so long that the first parts completed are showing their age.
(Washington Post) [ Well, it takes time to help bankrupt a nation and this is
but a symbolic representation of their role in same; and so little time in
creating new destructive, self-destructive wars. Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the
Press Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline.. They’ve used the contrived mideast turmoil and their wars to
obfuscate and divert attention from their failure. Davis ‘This is how we pay off
our current debts and I think bondholders are simply happy to get anything out
of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes
closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The
funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Nuclear
experts killed in Russia plane crash helped design Iran facility The five
Russian scientists were among 44 killed earlier this week; no official
investigation of foul play has been opened, though Iranian nuclear experts have
in the past been involved in similar accidents.
Al
Gore branches out into population control theory Not content to make a fool
of himself confusing weather and climate, Al has now decided to lecture women
on how to reduce the population for the benefit of the planet.
Fukushima
‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese
officials still don’t have control of the Fukushima Daiichi nuclear disaster.
Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure
plan will remove 33,000 troops faster than Obama’s commanders requested but
more slowly than many of his political allies would like. (Washington Post) [
Well, in a certain sense he’s chronologically correct … finish the job of
destruction at home … yeah … it’s true … they haven’t the slightest idea what
they’re doing and no matter what or where, pervasively corrupt, defacto
bankrupt america’s touch is an invariably destructive, negative touch (‘nation
building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’,
regardless of spin, propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’… Kobe Bryant China Kobe's team,
in China ,
anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Yet, no
one can say the wobama / holder approach is devoid of racism. Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Losing Another Decade Bill Bonner ‘Great Speculations Buys, holds, and hopes An
article in The Financial Times Another
Lost Decade by Bill Bonner originally
appeared in the Daily
Reckoning .’
Federal Tax Receipts Show Economy Grinding to a Halt
Top 3 Reasons Markets Fell After Bernanke’s News Conference Minyanville's
T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates conference future Amazon.com, Inc. AMZN Apple Inc. AAPL [I like apple (the
first computer I ever bought) and was rooting for them (not just because wintel
based pc’s are so pathetic) and glad they survived; but, apple / apple products
are significantly over-priced and over-valued which is the purblind sizzle
fraudulent wall street loves and sells, as in the last few crashes.] The ags got hit as wheat and corn were down again. Precious metals
lost momentum as the Fed, for the time being, ended their inflationary asset
buying program. Expect some digestion and choppy action in the coming days,
especially ahead of Friday's Greece vote, where the market will hope the
troubled country can pass the latest round of austerity measures.’
Is
The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On
May 23, I posted an article on Intelligent Investing titled Is
the Bull Market Topping?
In our shop,
however, we never dig in our heels when it comes to the stock market; we remain
flexible in our thinking. Quite frankly, I would love to have the market prove
me wrong and resume a meaningful uptrend. Remember, there is never really a
bull or bear side, just the right side.
However, my
big concern at this point is the lack of a catalyst. For the risk-reward ratio
to improve in our favor, I believe we need resolution on some of the more
pressing domestic and international issues. Some of the most respected minds in
the market have recently told me that, in all their years in the industry, they
have never seen so many major issues happening across the world at the same
time.
Certainly
meaningful job growth in this country would help. And the way to grow jobs is
through the creation and expansion of businesses, particularly small
businesses. Small business creates roughly 85% of all jobs in this country. We
also have to implement an effective solution to the real estate housing glut.
Studying the
recovery phase of the last seven major bear markets (those down 45% or more,
peak to trough), the average gain in year three was 3%. We are now in year
three. So, to me, the best-case scenario right now is a continuation of a
sideways, back-and-forth, volatile market, which is the most dangerous type.
A choppy
market is much more dangerous than a down trending market (assuming the
investor uses selling rules). Thus my interpretation of the risk-reward at this
time is very, very
We will
inevitably get several short-term bounces, but will they be significant enough
to build substantial positions over time?’ [ Short answer, No! ]
Crumbling
Cuba Offers Economic Advice to White House at Minyanville [ The irony here is so obvious that I’ve not even wasted
space. Communism is such a total fraud, where ‘everybody’s equal except some
bureaucrats / party-members are ‘more equal’ than others’. Yet, pervasively
corrupt, defacto bankrupt america is no longer the antithesis of said failed
ideology, but rather also now a failed regime on similar theme where
bureaucrats / party-members and those connected, financially or otherwise, to
them are ‘more equal’ than others’. As for the pictures, you can find plenty
just like them right here in the ‘good ole u.s. of a.’
Infographic:
Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A
game-changing Minyanville article about Groupon's business model was part of
the inspiration behind this clever infographic. [ ‘It is a well done graphic which you
can check out here by clicking’ ]
Jim
Cramer Hitting His Most Bearish Notes at
Forbes Heather Struck [ As I’ve previously been saying, yes this is a secular
bear market! ] ’
Cramer’s
remarks followed comments by chief investment strategist of equity research at
Standard & Poor’s Sam Stovall, in which he said volatility and a bear
market are both here to stay. “We are moving into a secular bear market with
cyclical bulls,” he said. The rows of E Trade investors attending the
presentation in the New York Hilton ballroom were told over and over again that
if they are willing to get comfortable with the external risks such as inflation
in China, a destabilized European economy, fluctuating oil prices and no real
job growth in the U.S., then they may be able to come to terms with the the
very un-robust stock market that exists today. What that means is investors can
use periods of price declines as buying opportunities.
Cramer echoed
these points by calling out the reasons he is unhappy with today’s stock
market. “I’m not a fan,” he said, calling it at times tough, brutal, mean, and
angry. Still, markets are going through a period of ennui, not despair, he
said.
It is ennui
that leads investors to pour into tech IPOs like Pandora and LinkedIn at levels
that reminded everyone of the last tech bubble? Perhaps. Cramer likes stocks
that have strong market shares and earnings growth potential when the economy
shows signs of picking up, which is nothing new to standard value investors.
However, he also likes using gold bullion and the SPDR Gold Trust ETF (GLD)
because “gold acts like a currency,” Cramer says. When he is listing a gold
trust in his top ten stock picks, it is probably safe to say Cramer is going
through one of his own more bearish streaks.
The stock
market could still have a 3-5% pull-back, Cramer said, not trusting the recent
6-week losing streak to be the last bottom. “There are actually a lot of
times where I am not bullish, and this is one of them,” Cramer said. “I don’t
expect a robust market. A retest of lows seems more likely.”
For the first
time, investors are worrying about the budget outcome in Washington, D.C. as
well, Cramer said. Where a debate in Congress over the necessity of raising the
federal debt ceiling is a symbol of the worsening faith that investors have in
U.S. debt. “We want to see fundamental change,” Cramer said. “Without it we
will always have one foot out the door of the stock market.”...’
Retirement
As We Know it Is “Dead”: EuroPacific’s Pento The Daily Ticker [ States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 … And that’s just the
part of the public sector that’s on the radar owing to budget scrutiny … the
reality is much worse across the board! ]
Greeks Turn Savings To
Gold Gold Core
‘We
now have more idle men, women than at any time since Great Depression’ Mortimer B. Zuckerman
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
Euro
– a ‘collapsing prison’ for Greece and Co.? The Greek government has narrowly
won a key vote of confidence, allowing the Prime Minister to continue his fight
for more cuts.
Don’t
Get the Greek Financial Crisis? Read This The Greek financial crisis has
been the most important economic story of the year—but what it actually means
can be lost in breathless talk of defaults and loan tranches.
Nigel
Farage Explains Why Greece Must Be Allowed To Default On the day when the
flawed euro experiment will get its first popular pseudo-referendum, it is only
logical that prominent euroskeptic Nigel Farage would sound off on how he sees
things for Greece, Europe and the currency union, and why he believes the
current situation is nothing short of slavery. Existing-home
sales fall They join a long list of other economic indicators that have
pointed to a soft spot in the recovery. (Washington Post) [ ‘Soft spot in the
recovery … talk about euphemisms … then let’s talk about no real recovery,
certainly when juxtaposed with those ‘illusory’ pre-election gains relative to
unaffordable debt costs to make them appear.
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed !
Today’s so-called ‘rally’ is based on b***s*** alone to keep the suckers
suckered and for ‘smarter money ‘ along with the frauds to sell into. This is
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times .
The risk of a debt default over the combustible issue of the Medicare deficit
hangs over the course of the stock market. Buyers Beware!“I was up in Wall
Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and
their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
National / World
Cop Trespasses, Arrests Woman for Taking Video Kurt Nimmo
Libyan Rebels Impose Press Censorship Kurt Nimmo
Rasmussen: NATO Will Continue Slaughter in Libya Paul Joseph Watson
PNAC Cabal Warns Congress To Back Off Over Libya Steve Watson
Fareed Zakaria: Dump the Constitution Kurt Nimmo
Obama:
The Baby Silencer Paul
Joseph Watson
Turkish
Actions To Trigger NATO Confrontation With Syria? Should a conflict erupt
between Turkey and Syria on their border, NATO will be obligated under its
Article 5 collective military assistance clause to enter the fray on Turkey’s
side. Should NATO intend opening hostilities against Syria, no better pretext
could be devised than that scenario.
Obama: The Baby Killer Obamanoids
(yes they’re still out there) are eagerly circulating the following You Tube
clip of the President silencing a crying baby by holding it in his arms. It’s
just a shame that Obama has also proven adept at silencing babies in north
Africa, by murdering them as part of his unconstitutional onslaught against
Libya.
FBI
Seizes Servers, Knocks Websites Offline The F.B.I. seized Web servers in a
raid on a data center early Tuesday, causing several Web sites, including those
run by the New York publisher Curbed Network, to go offline.
Shock
Poll: Only 3 in 10 Will Vote For Obama Americans are growing more
dissatisfied with President Barack Obama’s handling of the economy and say it
will be hard to vote to re-elect him without seeing significant progress over
the next year and a half.
Obama
versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the
late al Qaeda leader, was more popular this year, with a 21 percent
favorability ranking.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed
the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press
Conference at the UN Plaza Hotel.
Al
Gore branches out into population control theory Not content to make a fool
of himself confusing weather and climate, Al has now decided to lecture women
on how to reduce the population for the benefit of the planet.
Fukushima
‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese
officials still don’t have control of the Fukushima Daiichi nuclear disaster.
Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s self-bankrupting
Afghan (among other) war(s)? Geeh! Silly me! And all the while I thought
wobama’s task was to bring to fruition all those laudable campaign promises;
viz., jobs / economy not wars, prosecution of the frauds on wall street
responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A
MURDERER IN THE WHITE HOUSE'...
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's
love of american basketball star Kobe Bryant’… Kobe Bryant China Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own
’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know,
that unflinchingly loyal 18%). Yet, no
one can say the wobama / holder approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pentagon
renovation now complete Constructing the building took just 17 months
during WWII. The $4.5 billion renovation of the building, however, has gone on
for 17 years -- so long that the first parts completed are showing their age.
(Washington Post) [ Well, it takes time to help bankrupt a nation and this is
but a symbolic representation of their role in same; and so little time in
creating new destructive, self-destructive wars. Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the
Press Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline.. They’ve used the contrived mideast turmoil and their wars to
obfuscate and divert attention from their failure. Davis ‘This is how we pay off
our current debts and I think bondholders are simply happy to get anything out
of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes
closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The
funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has led
them self-destructively, self-defeatingly, and ineluctably to decline, fall. ..
Orwellian approach fostered by the purveyors of global unrest; viz., israel,
america, Orwellian england, etc.;more specifically, diversion of the masses
from the glaring failures, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Huntsman
for oblivion 2012 His noble message isn’t a winning one. (Washington Post)
[If only Mr. Huntsman had said he respects the office of the Presidency (though
the occupiers of same have been unworthy for quite some time) as opposed to
wobama himself, because of my well-deserved high regard for Utah, I’d be
favorably disposed toward Mr. Huntsman. But, alas, another failed president
like his progeny w and wobama, h.w.bush was also China ambassador, so hardly
something to be grateful to wobama for so as to ignore reality. High roads, low
roads, in pervasively corrupt, defacto bankrupt america they are distinctions
without a significant difference, and invariably low by new definition
consistent with the new reality. From
Huntsman, a different view In announcing 2012 presidential bid, he includes
a different take from his GOP rivals on President Obama. (Washington Post) [ I
can only suspect this to be an attempt to take support (Mormon, Utah, midwest
vote) from Romney. After all, Drudgereport(s): Harry Reid endorses
Huntsman... … Obama
adopts the Bush Doctrine The May 19
Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents.
The latest case of U.S.
paranoia (Los Angeles Times) [ Yeah! This really needs to be said;
particularly when you take into account the reality, that while plentiful,
american laws are all but meaningless, arbitrarily enforced at best, and
‘federales’ and their supporters (more commonly called bribes, one way or form
or another) invariably the worst offenders. Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature..
THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom,
freedom generally did they come to these shores. A rare exception to the influx
of immigrants to this young nation who turned out to be more a virus to the
indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day! DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek Streets
'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ] German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears...
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Financial sector layoffs rise, more cuts ahead (Reuters)
Buys,
holds, and hopes An article in The
Financial Times What? We’ve
had a lost weekend or two. But how can you lose a whole decade? But Americans
have done it already.
After a
60-year debt expansion, the developed world – led by the USA – went into a period
of debt contraction. This is what we call the Great Correction. We know for
sure that debt is being consolidated – at least in the private sector. We know
that this will be a drag on the economy for several more years.
We know also
that the feds’ efforts to fight the correction are setting up another crisis
and correction – this one in the public sector.
So, it looks
as though at least two things will be corrected – private debt…and public debt.
Beyond that, we’re not sure what excesses, mistakes and absurdities this
correction will target. Only time will tell.
So far, all
the facts that have come to light in the last four years seem to corroborate
our Great Correction story. As expected, jobs are few and far between. Consumer
spending is weak, as households try to repair their balance sheets. And the
economy limps along with negative or barely positive real GDP growth.
What does this
sound like to you?
Like Japan, of
course, which has been in a Great Correction for 20 years.
And even
though the peak of credit in the US wasn’t hit until 2007 we’re beginning to
think that the actual correction began in 2000. Since then, jobs, stocks,
houses, and the real, per-capita GDP have gone nowhere. In other words, a
stealth correction has probably been going on for 10 years already…it didn’t
come out into the open until after 2007.
Losing one
decade could be bad luck. Losing two begins to look like recklessness.
Inattention. Or robbery. Stay tuned…
At Dulles
Airport yesterday, it took us an hour of standing in line to check in. People
in economy were probably lucky to be able to check in at all.
But who cares.
It’s still almost a miracle to be able to leave our home in Washington at 4PM
and be in London at 6AM the following day. What a boost to our standard of
living! This is the kind of miracle that high-octane fossil fuel can give you.
You have to burn a lot of energy in order to lift a giant vessel made of thin
metal, filled with fat people off the ground. And then fly across the Atlantic
Ocean with it!
You can’t do
that with solar power…or wood…or batteries charged up from hydroelectric power
stations. You can only do it by reaching into the earth and using up some of
its stored up calories. And you can only use those calories once. (For reasons
we can’t figure out at this hour, the law of conservation of energy doesn’t
seem to apply.)
As you will
see later this week, the energy revolution of the 18th century boosted output
and speeded up GDP growth. Our standard of living – not to be confused with our
quality of life – is directly proportional to the amount of energy consumed.
All of which is a warm up to where our meandering will take us this week.
Energy use in
the US peaked in 1997. Real US GDP peaked a few years later. Since then, it’s
been downhill for the economy.
From memory…US
GPD didn’t hit 10 trillion dollars until about 2000. Now, it’s about $14
trillion. Nice growth, huh? But wait. We know that a lot of that was phony,
debt-fueled growth. It was phony because it raised living standards to a level
that people couldn’t really afford. Or to look at it another way, it drew on
earnings that hadn’t happened yet…and maybe never would.
But how much
of that $4 trillion worth of GDP is real and how much is phony? We don’t know.
But we note that the federal deficit is about $1.5 trillion, which is as phony
as a $3 bill. Subtract that and you have a gain of $3.5 trillion over 10
years…or about $350 billion per year.
Let’s see,
adjust that for population growth. Subtract phony private sector debt-fueled
growth too. And properly adjust for inflation. What do you get?
You get a lost
decade. Another
Lost Decade by Bill Bonner originally
appeared in the Daily
Reckoning .’
Federal Tax Receipts Show Economy Grinding to a Halt
Top
3 Reasons Markets Rose with Greece and Apple Wall
St. Cheat Sheet June 21, 2011 [ I like
apple (the first computer I ever bought) and was rooting for them (not just
because wintel based pc’s are so pathetic) and glad they survived; but, apple /
apple products are significantly over-priced and over-valued which is
the purblind sizzle fraudulent wall street loves and sells, as in the last few
crashes.] ‘Markets closed up on Wall Street: Dow +0.91% , S&P +1.34% ,
Nasdaq +2.19 , Oil +0.5, Gold +0.34% .
On the
commodities front, Oil (NYSE:USO ) found some buyers on the idea Greece may not sink
the universe. Precious metals were both up with Gold (NYSE:GLD ) closing at $1,546 and Silver (NYSE:SLV ) rising 1%.
Today’s
markets were up because:
1) Investors
smell some sort of resolution in Greece . Although ratings
agencies are sending more warnings to Greece, the media is reporting a lot
of aggressive chatter regarding the EU stepping in to save Greece. At the end
of the day, that removes the probability of a Lehman style event. Now check out
which
Companies have dangerous exposure to Greece and which
Countries do too .
2) US Existing
Home Sales sucked. Yup. If you’re looking for positive data points in the US
economy, turn your head 180 degrees away from the housing market (NYSE:IYR ). The always bullish National
Association of Realtors sales fell by 3.8% in May, at an annual pace
of 4.81 million, down 15.3% from last years mark of 5.68 million by the same
point in the year.
3) Apple
finally caught a bid. After some big time selling in Apple (NASDAQ:AAPL ), the company is now rumored to be releasing a
major iteration with the release of iPhone 5. Add that to all the shareholders
who are filling the blogosphere with articles about “Apple as a Value Stock”,
and it was a matter of time before the buyers stepping in. ‘
Greece
"Essentially Bankrupt" Says Analyst With World's Most Unfortunate
Surname at Minyanville
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge
Russia to Lower
U.S. Debt Holdings Wall Street
Journal
Rep. Ron Paul
issues campaign pledges Texas Rep. Ron Paul’s campaign issued issued a
statement on what his budget priorities will be if elected.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility While the fact that its
former head is an alleged rapist caught some by surprise, the observation that
the IMF has no credibility whatsoever has been well known for a long time by
all market skeptics.
The
Financial Collapse Of Greece: The Canary In The Coal Mine For The Global
Economy? The rest of the world needs to sit up and take notice of what is
going on in Greece right now. This is what can happen when you allow government
debt to spiral out of control.
IMF
slams European leaders on crisis The IMF criticized leaders for their failure
to find a “cohesive” response to the problems of weaker nations. Thousands
protest Greek austerity measures Europe
falters in bid to rescue Greece Greek
default spells 'havoc' for banks Europe
debt crisis to hover over Fed meeting (Washington Post) [If
the Titanic sank today, here’s how the President, the media and Wall Street
would spin it (satire) What would all the world’s experts and authorities
say today if the Titanic were sinking but nobody was willing to admit it? For
Greece, $160B wasn’t enough Officials involved in the financial rescue in
the spring of 2010 didn’t expect to be back so soon. (Washington Post) [ And
yet, this dire predicament for Greece mirroring a similar dour scenario
globally, and pervasively corrupt, defacto bankrupt america particularly is in
reality but a small part of the equally dour prospects for stocks. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Yet, default per se is not the problem. Indeed, China
has already said, correctly defacto if not technically, that america’s already
is in default [Drudgereport: CHINA: USA 'ALREADY
DEFAULTING'... The waning full moon
also accounts for the action to the upside as the lunatic, criminally insane,
lunatics / frauds on fraudulent wall street attempt to keep the other lunatics
/ suckers suckered with contraindicated rally on insurmountably bad news (no,
those new apartment building construction numbers change nothing). This is all
pre-2012 election year unaffordable obfuscation of failure across the board.
Amazingly, the lunatics on wall street now have plenty of company worldwide,
particularly that nato / eu bunch bringing to mind that old adage of ‘apples
not falling far from the trees’, conversely speaking. Paying attention to Robert
Lenzner, infra, and Toby Connor, among others, is wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take
profits while you still can since there's much worse to come! ]
MONEY WATCH ARCHIVE
( from infowars.com / prisonplanet.com )
National / World
Texas
Senator Compares TSA Fight To Revolutionary War The Texas Senator at the
forefront of the fight against invasive TSA pat-downs has likened the stand-off
between state and federal authorities over a bill that would criminalize TSA
groping to the revolutionary war against Mexico, calling the situation a “Come
and Take It” moment once again for Texas.
Three-quarters
of U.S. nuke plants have had radioactive leaks Three-quarters of the
country’s nuclear power plants have seen radioactive tritium leaks, an
Associated Press investigation finds.
No Troop
Withdrawal in Afghanistan Four cheers for the U.S. Conference of Mayors! It
has just voted up a resolution calling on Washington to transfer $126-billion
in annual spending from its Middle East wars to America’s cities!
TSA
Showdown a Watershed Moment in Battle For Freedom A bill that would
criminalize invasive TSA pat downs in Texas has risen like a phoenix from the
flames, with Governor Rick Perry being forced to include the item on the agenda
for the current special session of the legislature, setting the stage for what
could potentially become a watershed moment in the battle to peel back a
federal power grab that has characterized the advance of big government.
Libya
says new Nato missile attack killed three children Nato has admitted
launching a missile strike against a compound that Libyan officials claim
killed at least 15 people, including three children.
Rick Perry Announces Presidential Run Kurt Nimmo
O’Reilly and Rapper Argue About Bogus War On Terror Kurt Nimmo
TSA Showdown a Watershed Moment in Battle For Freedom Paul Joseph Watson
“Kinetic Military Action” or War – Libyans are Still Dead
American Thinker No-Life Zone: Deeper and Deeper Into the Mire Chris Floyd
Labor
battle puts Obama in bind White
House ties to both sides of dispute between aerospace giant, union pose a
political quandary. (Washington Post) [
Sounds like a job for … John Kerry … Mr. all sides of all issues … special
appointment? Yet, wobama’s teleprompter can be called upon to split hairs and
draw fine lines … though unfortunately as even both sides to this dispute
already know as spoken by ‘wobama the b’ (for b***s***), whatever Mr.
Teleprompter says will be pure, unaldulterated b***s*** regardless of how well
written and said. Yes, not doing as promised has its pitfalls, not rewards,
when doing as not promised leads directly to the dire consequences and crises
this nation and the world now face. Too
Soon To Buy The Dip In This Market at
Forbes Sy
Harding ‘Don't buy this dip. After six straight down weeks the S&P 500
is down only 6% from its April peak. That’s not near enough to factor all the
negatives into stock prices…’
The
Great Stagnation of 2011 at
Minyanville Jeff Harding Jun
20, 2011 ‘Consumers aren't going to save our economy from stagnation, but
rather it will continue along with inflation
I go away for a few days and come back to a slug of
not-encouraging economic news.http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6201.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6202.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6203.JPG
consumer data http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6204.JPG
retail
The PPI and CPI reports also came in last week.
Starting at the producer level, the PPI increase moderated to a 0.2% gain
(core, ex. energy and food, up 0.2%). But the year-over-year trend was still up
7.0% in May (ex. energy and food, up 2.1%). The PPI has been declining since
January, 2011, but the rate of increase is still high:http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6205.JPG
consumer http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6206.JPG
Misery Index
was created back in the 1970s and is described thusly:
It
is simply the unemployment rate added to the inflation rate. It is assumed that
both a higher rate of unemployment and a worsening of inflation both create
economic and social costs for a country. A combination of rising inflation and
more people out of work implies a deterioration in economic performance and a
rise in the misery index.
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6207.JPG
Business Small Business Optimism Index declined again, for the third
straight month:http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6208.JPG
“Corporate
profits may be at a record high, but businesses on Main Street are still
scraping by,” said NFIB chief economist Bill Dunkelberg. …taxes only 3 percent cite financing ).
capital
Capital
spending remains historically low in spite of very low interest rates and all
sorts of expensing incentives. Fifty percent of firms reported making capital
expenditures over the past six months, and the percent of owners planning
capital outlays in the next 3 to 6 months fell 1 point to 20 percent, a
recession level reading.
cooling off of demand from money-stimulated countries like
China, India, and Brazil.consumers naysayers who don’t think you can have an economic
slowdown and inflation at the same time.likelihood of QE3 (quantitative easing) is still valid.Editor's Note: This article was originally published at The
Daily Capitalist .’
Federal Tax
Receipts Show Economy Grinding to a Halt Lee Adler June 17, 2011
Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A
MURDERER IN THE WHITE HOUSE'...
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese american basketball
star Kobe Bryant’… Kobe Bryant China Kobe's China Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China Kobe Bryant Yet, no one can say the wobama / holder
approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the handling
of a voter intimidation case against the New Black Panther Party accused his
former employer of instructing attorneys in the civil rights division to ignore
cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That nebulous,
‘fudgeable’, over a period of time thing … ‘$4 trillion in savings by 2021
to avoid a debt crisis. Others view $2 trillion as impossibly
ambitious...more borrowing authority for a nation already mired in red
ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book ‘Goombata:
The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Where
are the jobs? Scott Walker finds it’s easier to make bumper stickers than
to boost employment. (Washington Post) [ Oh, riiiiight, Mr. Milbank, inveterate
and unshakable defender of wobama regardless of fact or folly (wobama’s broken
campaign promises, etc.), it’s Scott Walker’s not wobama’s fault for the
nation’s dire predicament despite being the direct consequence of wobama’s
failure to do as promised and rather p***ing money (the nation doesn’t really
have) away in the perma-wars abroad marking his failed presidency as war
criminal bushes before him. Obama’s
semantics draw criticism on Libya Washington Post) [ Semantics? If it were
only wobama’s semantics that drew criticism. But, one must concede that when
fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
(I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese american basketball
star Kobe Bryant’… Kobe Bryant China Kobe's China Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China Kobe Bryant Yet, no one can say the wobama / holder
approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Though
having but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military
than all the nations of the world combined... fed employees / contractors, cia,
all 3 branches of u.s. gov’t, etc., are included in this evolved american trait
of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE
NEW 'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
OBAMA
PREPARES TO IGNORE HIS GENERALS
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM wins
confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ] German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears...
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Federal Tax Receipts Show Economy Grinding to a Halt Lee Adler Jun3 17, 2011 ‘With the Fed now set to end
its program of quantitative easing for the time being and government spending
set to decline, the squeeze should worsen in coming months. Month to date
Federal withholding taxes as of June 15 were down 5.5% from last year, negating
the monthly gain in May. That gain was primarily due to the calendar http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax1.jpg
Chart data through June 15 moving
average taxes Treasury had expected based on its rosy economic
assumptions. The Treasury market could be in for a shock when the size of new
auctions start coming in much larger than anticipated.http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax2.jpg
Through June 15…’
Double
Shot Primes Markets: Dave's Daily ‘The Fed completed the largest POMO
action since QE2 began in September. Monday's POMO
("A Double Shot of My Baby's Love"?) came as markets were still
oversold, which relieved this condition but may leave us drumming our fingers
until after Wednesday's FOMC meeting results. Although stocks rallied modestly
Monday, volume was nearly 35% below last week's trading. The negative news overhang Treasury bond
Wall Street ends higher, but weak volume a warning sign (Reuters) Stocks rose on Monday, as the latest development to
reduce Greece's debt helped draw buyers and the S&P 500 touched a key
support level, but anemic volume signaled the recent weakness ma...
Greek
Debt Restructuring Off the Table: EU Official CNBC
Federal Tax Receipts Show Economy Grinding to a Halt Wall St. Cheat
Sheet
June 20, 2011 ‘Markets
closed up on Wall Street: Dow +0.63% , S&P +0.54% , Nasdaq +0.50 ,
Oil +0.26, Gold +0.08% .
On the
commodities front, Oil (NYSE:USO ) had a slight uptick, closing over $93 a barrel.
Precious metals were both up slightly with Gold (NYSE:GLD ) adding $1.20 to close at $1,540.30 and
Silver (NYSE:SLV ) showing modest gains of 0.70%, about 25 cents.
Today’s
markets were up because:
1) No Big
Earnings Reports . Just about every day it seems some big company announces
dismal earnings below expectations and their plummeting share prices pull down
the market. But today no such news. With the slowly recovering economy taking a
turn for the worse this past month, no news is good news. In the meantime,
check out our new Wall St. Cheat Sheet earnings sneak peeks: Micron
Technology Inc. Third Quarter Earnings Sneak Peek .
2) Hope for
Greece. EU leaders have expressed their confidence that a Greek aid package
will be decided upon shortly, and it seems likely they might be able to avoid a
default. The absence of bad news is giving the euro a boost. A resolution
should come any day now, and analysts expect investor relief to account for
significant gains on all the indices. Check Out: Greece
Getting Desperate, Will Sell off State Assets .
3) Big
Individual Company News. The indexes were all propped up today by a few big
companies with big gains. Ford (NYSE:F ) shares were up as they announced plans to revamp
the Lincoln brand, while fellow Detroit-based competitor GM (NYSE:GM ) also saw shares rise today. Wal-Mart
(NYSE:WMT ) shares were up after they won their Supreme Court
sex bias case, while the healthcare and consumer discretionary sectors showed
the highest gains today, while the tech sector was also up with big gains from
Caterpillar (NYSE:CAT ) and DuPont (NYSE:DD ) leading the way. ‘
How
Miserable? Index Says the Worst in 28 Years When it comes to measuring the
combination of unemployment and inflation, it doesn’t get much more miserable
than this.
After
Dumping 30% Of Its Treasury Holdings In Half A Year, Russia Warns It Will
Continue Selling US Debt Just in time for the end of QE2, when the US needs
every possible foreign buyer of US debt to step up to the plate, we get
confirmation that yet another major foreign central bank has decided to not only
not add to its US debt holdings, but to actively sell US Treasurys.
Russia to Lower
U.S. Debt Holdings Wall Street
Journal
Spanish
protesters launch anti-austerity marches AFP
Greek
Debt Restructuring Off the Table: EU Official CNBC
Report: Typical City Bus Contains No Fewer Than Four Erections
At Any Given Time www.theonion.com [ Your tax
dollars at work! ] WASHINGTON—A report from the U.S. Department of
Transportation confirmed Thursday that at any one time, the average American
city bus is occupied by at least four fully erect penises. "This
persistent level of physical arousal remains a mystery, as we have found no
link between these erections and either the attractiveness of fellow passengers
or the intensity of vehicle vibrations," the report read in part, also
noting that when one of the four engorged penises goes flaccid, another
immediately hardens, as if to take its place. "Four is just a minimum, of
course. During rush-hour traffic, there may be as many as 21 stiffened members
on a single bus, while off-peak erection counts often hover around five or even
six." The report's statistics do not include bus drivers, who are believed
to remain constantly erect throughout their shifts.
Siemens Says US
Workers Lack Skills CNBC.com
Bernanke
May Face ’Self-Induced Paralysis’ As a Princeton University professor, Ben
Bernanke castigated the Bank of Japan in 2000 for a “case of self-induced
paralysis” that led to a decade of stagnation.
Another
Broker Halts Trading In Gold And Silver Products CMC Markets, a broker out
of Australia which offers Contracts For Difference (CFDs), has just formally
joined the increasingly larger group headed by Forex.com (discussed on
Saturday) which is now advising customers that gold and silver trading will be
prohibited in a month.
Stocks rally on b***s*** alone from the eurozone on a purported,
though unannounced plan by merkel and sarkozy (a zionist now preoccupied with
the Libya fiasco Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA...) to avoid greek default.
Yet, default per se is not the problem. Indeed, China has already said,
correctly defacto if not technically, that america’s already is in default
[Drudgereport: CHINA: USA 'ALREADY
DEFAULTING'... The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with contraindicated
rally on insurmountably bad news (no, those new apartment building construction
numbers change nothing). This is all pre-2012 election year unaffordable
obfuscation of failure across the board. Amazingly, the lunatics on wall street
now have plenty of company worldwide, particularly that nato / eu bunch
bringing to mind that old adage of ‘apples not falling far from the trees’,
conversely speaking. Paying attention to Robert Lenzner, infra, and Toby
Connor, among others, is wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression Connor at Minyanville
Too
Soon To Buy The Dip In This Market at
Forbes Sy
Harding ‘Don't buy this dip. After six straight down weeks the S&P 500
is down only 6% from its April peak.
That’s not
near enough to factor all the negatives into stock prices. Those negatives
include the rapidly slowing U.S. economy, sharply rising global inflation,
plunging global markets as central banks raise interest rates to ward off
inflation, the cuts in government spending yet to hit the U.S. economy as
Washington and individual states tackle their record budget deficits, and the
end of the Fed’s QE2 stimulus program.
Yet already
Wall Street is assuring investors that the correction is over, and the lower
prices are presenting a buying opportunity.
Be careful.
After six straight down weeks the market is short-term oversold and due for a
brief rally off that oversold condition. But it’s strictly a technical
situation. The market doesn’t move in a straight line in either direction. In
strong rallies it periodically becomes short-term overbought and pulls back
some to alleviate that short-term overbought condition before the rally resumes
to new highs. In market corrections it periodically becomes short-term oversold
and rallies back up some to alleviate the short-term oversold condition before
the correction resumes.
Meanwhile,
although all financial firms have a staff of technical analysts keeping up with
the market’s technical condition, Wall Street grabs onto simple non-technical
explanations when making its attempts to keep investors buying.
So on
Thursday, it explained the market’s positive day as being a response to the
reports that new claims for unemployment fell by 16,000 in the previous week,
and new home starts were up 3.5% in May, claiming those are signs the economic
slowdown is bottoming.
They know that
reasoning is ridiculous. Unemployment claims jump up and down week-to-week for
a variety of reasons. Five weeks ago they declined a much larger 29,000 for the
week to a total of 409,000. They’ve been up and down since, and this week they
declined 16,000 to 414,000. But that’s more total claims for the week than
there were in mid-May. And new home starts rose 3.5%, but that was after an
8.8% decline in April, leaving them lower than in March and still scraping
along a depression-like 25-year low.
On Friday
morning the market continued its technical rally off the short-term oversold
condition. Wall Street said it was in response to French President Sarkozy’s
remarks that the EU will probably consent to a new bailout package for Greece.
A market strategist on a TV financial show said, “This is the catalyst a lot of
people were looking for to jump back into the market.”
Huh? That
Europe will kick the solution of the Greek debt crisis down the road again,
with another temporary bailout payment, has no connection whatever to slowing
global economies and rising inflation.
Meanwhile,
Wall Street ignored the reports that were
The Housing
Market Index, measuring the confidence of home-builders, plunged to just 13
this month (on a scale of 1 to 100), a nine-month low. Inflation at the
consumer level (CPI) was up 0.2% in May, now up 3.6% over the last 12 months,
more than double what it was a year ago. The NY State Mfg Index, and the Fed’s
Philadelphia Mfg Index, both plunged again this month, this time into negative
territory. The Philadelphia Index, often a precursor of the national reports,
plunged to -7.7 from +3.9 in May, +18.5 in April, and +43.4 in March. It was
the largest three-month collapse in the history of the report.
Meanwhile, as
global central banks raise interest rates and tighten monetary policies to
fight the rising inflation, slowing their economic growth, their stock markets
have been in serious corrections. And historically, global markets, including
the U.S., move pretty much in tandem with each other in both directions.
The world’s
ten largest economies behind the U.S. are China, Japan, Germany, France, the
United Kingdom, Brazil, Italy, Canada, India, and Russia. As a result of their
concerns about their slowing economies and rising inflation, their stock
markets are down an average of 12%, with most hitting new lows every few days,
no bottom in sight.
And Wall
Street is telling us the correction in the U.S. market is already over with a
decline of just 6%, and U.S. economic reports still coming in more negative
each month, and with more roadblocks to recovery still ahead?
Buy the dip?
I suggest
continuing to sell into any short-term strength that develops, and taking
positions in ‘inverse’ ETF’s and ‘inverse’ mutual funds, which are designed to
move opposite to the market and thus make gains in market corrections.
In
the interest of full disclosure my technical indicators triggered an intermediate-term
sell signal on the market on May 8, and I and my subscribers have had
profitable positions since in two ‘inverse’ ETFs, the ProShares Short Russell
2000, symbol RWM, and the ProShares Short S&P 500, symbol SH. And it is my
intention to add to my downside positions in selected ‘inverse’ funds in any
short-term rally that develops.’
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Federal Tax Receipts Show Economy Grinding to a Halt
Sell
On The Rallies- Don't Buy On the Dips at
Forbes Robert Lenzner [ I quite agree
with Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘
National / World
Supremes Rule EPA Final Arbiter on Carbon Dioxide Kurt Nimmo
One Nation Under….The Military-Industrial Complex Paul Joseph Watson
Video Exposing Google Chief Schmidt Censored by You Tube Paul Joseph Watson
NATO’s
Terror Over Tripoli Tony
Cartalucci
Ron
Paul: “I Want To Legalize Freedom. What’s So Bad About That?” Congressman
Ron Paul fired back at an NBC host today for suggesting that he was a fringe
candidate in the 2012 GOP presidential race, despite the fact that Paul won
another straw poll over the weekend.
Supremes
Rule EPA Final Arbiter on Carbon Dioxide On Monday the Supreme Court
blocked a federal lawsuit launched by conservation groups to force power plants
to reduce so-called greenhouse gases. The ruling was 8-0.
U.N.
Exploits Libyan Refugees, Calls for Taxing “Rich” Nations Bureaucrats at
the United Nations want “rich” countries to tax their citizens to pay for an
exploding refugee problem, the Financial Times reports today.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan
exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15,
2011 Press Conference at the UN Plaza Hotel.
One
Nation Under….The Military-Industrial Complex NBC Sports has been forced to
apologize following an outcry after the network deliberately edited out the
words “under God,” from the US pledge of allegiance in a video segment for the
US Open that showed images of US troops, but the edit has nothing to do with
NBC’s purported “liberal bias” and everything to do with the fact that NBC is
owned by the US military-industrial complex.
‘Technical
Error’: NATO admits killing babies NATO has admitted that civilians were
killed in an air strike on a Tripoli suburb on Sunday. Gaddafi officials say
two babies were among the nine dead.
Barack
Obama impersonator hauled offstage at Republican gathering A comedian
impersonating Barack Obama at a gathering of Republican activists was ushered
offstage after making series of racially tinged jokes about the president’s
biracial background
Gold
Rises To New Record In GBP – Close to Near Record Highs In Euros And Most
Currencies On Global Debt Contagion Risk Gold is being supported as default
risk has increased after EU finance ministers failed to agree on a new Greek
loan package. Gold priced in sterling rose to new record nominal highs this
morning at Ł954.84/oz and the weakness of the euro has seen gold rise to touching
distance (9 euros) from new record highs in euro terms at €1,088/oz.
Bilderberg-Approved
Perry Set to Become Presidential Frontrunner Every indication suggests that
Bilderberg-approved Texas Governor Rick Perry is set to become the frontrunner
in the Republican race to challenge Barack Obama for the presidency,
illustrating once again how a shady, secretive and undemocratic global elite
holds the reigns of true power while Americans are distracted by the delusional
notion that they have a genuine choice in 2012.
The Elite’s Plan for Global Extermination Exposed by Dr.
Webster Tarpley Infowars.com
Video Exposing Google Chief Schmidt Censored by You Tube Paul Joseph Watson
‘Up To Seven Civilians Dead’ In Tripoli Air Strike Sky News
Ron Paul Wins RLC Straw Poll in a Landslide New American
Anti-austerity
protests spread across Europe Euronews
Greece
faces power outages due to austerity strike AP
Clinton
on Syria: Astounding Lies, Zero Legitimacy Out of either desperation or
immeasurable hubris, Secretary of State Hillary Clinton has just attempted to
rewrite the last 3 months of history, contradicting her own department’s
statements made during the onset of the Syrian unrest.
World
Stocks, Crude Prices Fall After Europe Delays Greek Decision World stocks,
the euro and crude prices fell on Monday and bond yields in heavily indebted
euro zone countries jumped after the region’s finance ministers delayed a final
decision on extending emergency loans to Greece.
Syria
president insists he is loved as he condemns foreign conspiracy behind protests
Bashar al-Assad, the Syrian president, has blamed the unrest gripping his
country on foreign conspirators and Islamic extremists, insisting that his
people loved him more than ever.
Gates
warns Congress not to cut off Libya funds Defense Secretary Robert Gates
warned Congress on Sunday not to cut off funding for U.S. military involvement
in Libya and predicted that the operation targeting Libyan leader Muammar
Gaddafi’s forces will “end OK.”
US drops charges
against bin Laden Federal prosecutors dropped charges against Osama bin
Laden from attacks spanning more than a decade, officials said in court papers
filed in US District Court in New York Friday.
More
than 100,000 in Spain anti-crisis protests More than 100,000 protesters took to
the streets in Spain on Sunday blaming bankers and politicians for causing a
financial crisis that forced the country to adopt painful spending cuts.
NATO strike kills 15 Libyan civilians
Sen. Al
Franken: Congress must vote on Libya Sen. Al Franken (D-MN) said that
congressional approval would be needed to authorize continued U.S. military
intervention in Libya.
For
Greece, $160B wasn’t enough Officials involved in the financial rescue in
the spring of 2010 didn’t expect to be back so soon. (Washington Post) [ And
yet, this dire predicament for Greece mirroring a similar dour scenario
globally, and pervasively corrupt, defacto bankrupt america particularly is in
reality but a small part of the equally dour prospects for stocks. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Yet, default per se is not the problem. Indeed, China
has already said, correctly defacto if not technically, that america’s already
is in default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with
contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come!
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (Washington Post) [ Ah, yes. The Puritans. Of noble purpose,
religious freedom, freedom generally did they come to these shores. A rare
exception to the influx of immigrants to this young nation who turned out to be
more a virus to the indigenous peoples of this land than what could have been
expected from those of noble calling. Indeed, in evolutionary terms, it’s
doubtful that those so positioned abroad would have represented a positive
addition to the gene pool which, borrowing from an insurance term, viz.,
adverse selection, springs forth the notion of inevitability to the genocide of
the indigenous populations while guaranteeing the decline we see throughout
this foundering nation. The effects of these negative predispositions toward
inherent criminality is certainly being felt globally as well as domestically
and has little to recommend it. My own direct experience with the region(s)
(particularly new jersey, new york, virginia, connecticut, california) carves
out no exception for the prevalence of the worst of human nature; which is now
collectively and pervasively americana.
Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher.
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I
do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a
manner of speaking. Global information exchange at lightning speed has made
such throwbacks to a lost era, propaganda, and maladaptive traits foolish at
best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete,
Orwellian approach fostered by the purveyors of global unrest; viz., israel,
america, Orwellian england, etc.; more specifically, diversion of the masses
from the glaring failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Carlyle
picks underwriters for IPO
(Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the
‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall
street for? Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Previous: Carlyle
Group planning IPO (Washington Post) [
Come on! Mr. Heath makes this sound like an almost public service
endeavor to serve the public interest in some vague, nondescript fashion (What
of real value do they do? … kind of like the fraudulent wall street
high-frequency trading churn-and-earn … Nothing! … Like parasitic termites
eating away at the foundation of the nation); poppy’s estate plan is maximized,
along with the other principal’s financial interests by cashing out through
this ‘public offering / scam’ as for the most part, this era of their ‘jig is
up’ . Meet The Carlyle Group How will President George W. Bush Carlyle Group www.hereinreality.com/carlyle.html How will President George W. Bush personally make
million$, if not billion$ from the War on Terror? The easy way. He'll inherit it. Meet the Carlyle Group Former World Leaders and Washington Insiders Making
Billions in the War on Terrorism Bush Baker
Carlucci Darman Major
Ramos http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html Investment giant says it will likely sell
shares. Defense Secretary Robert M. Gates tours eastern Afghanistan, days
before the Obama administration is scheduled to complete a major review of its
war strategy. ]
Wall
Street snaps six-week decline The Dow Jones closed in positive territory,
ending the longest series of weekly losses since 2002. (Washington Post) [. Stocks rally on b***s*** alone from
the eurozone on a purported, though unannounced plan by merkel and sarkozy (a
zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not
Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
to avoid greek default. Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market Yet, default per
se is not the problem. Indeed, China has already said, correctly defacto if not
technically, that america’s already is in default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with
contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel . The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come!
Gaddafi
defiant as bombing continues NATO strikes the Libyan capital at the
four-month mark of the uprising that plunged country into civil war. Report:
Obama overruled lawyers on air war Boehner
sharpens criticism of Obama on Libya
(Washington Post) [ Drudgereport: PAPER:
2 Top Lawyers Lost to Obama in Libya War Policy Debate... 'Extraordinarily rare'... [ ‘WASHINGTON
— President Obama rejected the
views of top lawyers at the Pentagon and the Justice Department when he decided
that he had the legal authority to continue American military participation in
the air war in Libya without Congressional
authorization, according to officials familiar with internal administration
deliberations. Jeh C. Johnson, the Pentagon general counsel, and Caroline D.
Krass, the acting head of the Justice Department’s Office of Legal Counsel, had
told the White House that they believed that the United States military’s
activities in the NATO-led air war amounted to “hostilities.” Under the War Powers Resolution ,
that would have required Mr. Obama to terminate or scale back the mission after
May 20…’ ]Greek
rating now worst in the world... CCC... Likely
Default... USA in
Even 'Worse Shape Financially Than Greece'...
Obama Launching World War III Infowars.com
Globalists Call For
‘Big War’ The secret globalist group “Bilderberg” called for a big war by
expanding the turmoil in Libya into a full-scale conflict involving the entire
Middle East except for Israel. This is a grim and bloody outlook, because,
historically, every time Bilderberg orders war, the guns begin to shoot.
Gaddafi
on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from
leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance
trying to dislodge him from Tripoli.
Globalists Want Permanent Occupation of Iraq Paul Joseph Watson
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc.; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA: USA 'ALREADY
DEFAULTING'...
FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'... THE NEW 'NORMAL'
Iraq hunting $17 billion
missing after U.S. invasion... NATO NIGHTMARE: 9 CIVILIANS
KILLED NATO strike kills 15 Libyan civilians ] German Giant Says US Workers Lack Skills... PAPER: AMERICA'S LOST DECADE? States look to Internet taxes
to close budget gaps...
SPANIARDS ON MARCH OVER BLEAK
PROSPECTS...
House will move
this week to limit funding for effort in Libya...
'DON'T BE SURPRISED IF ATHENS
GOES UP IN FLAMES'... GREEK PM PLEADS FOR UNITY! ...warns against default Threat to downgrade Italian
debt raises contagion fears...
PAPER: AMERICA'S LOST DECADE?
Bachmann: Obama 'has failed'
blacks, Hispanics... Presidential no-show miffs
Hispanics... African-American unemployment
at 16%...
SHE'S OFF! (on the road
again) Michelle Obama embarks on Africa visit … (stay there!) ...
Federal Tax Receipts Show Economy Grinding to a Halt
Sell
On The Rallies- Don't Buy On the Dips at
Forbes Robert Lenzner [ I quite agree
with Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘
3 Reasons Why Friday’s Markets Were Mixed After Greek News June 17, 2011 Wall St. Cheat Sheet
‘ Markets closed mixed
on Wall Street: Dow +0.36% , S&P +0.30% , Nasdaq -0.28% , Crude -1.98 ,
Gold +0.63% .
On the
commodities front, Oil (NYSE:USO ) continued to fall, closing at $93 a barrel, while
precious metals were both up slightly, with Gold (NYSE:GLD ) adding nearly $10 to close at $1,539 and
Silver (NYSE:SLV ) showing modest gains of 0.87%, about 30 cents.
Today’s
markets were mixed because:
1) Greece gets
on track . Sort of. German Chancellor Angela Merkel and French President
Nicolas Sarkozy both spoke Friday in a joint
news conference , stressing the fact that they were working to preserve the
stability of the euro while nearing a consensus on how to handle Greece’s
bailout that won’t require private sector involvement while also (hopefully)
preventing restructuring and default. The EU breathed a small, collective sigh
of relief after the conference, and the euro made a 1.28% gain against the U.S.
dollar.
2) Conflicting
Data. Again. The Conference Board announced today that the Leading Economic
Index for the U.S. showed an increase of 0.8% last in May , but a Thomson
Reuters survey showed that consumer sentiment in June dropped even more than
had been expected after being up in May. In the meantime, the housing market
continues to be poor, and unemployment is a consistent problem. Despite
yesterday’s announcement that jobless claims had decreased, companies like
Research in Motion (NASDAQ:RIMM ) are having lay off workers as net profits and
revenue continue to decline.
3) Gas Prices
. The one tiny beacon of hope comes in the form of lower gas (NYSE:UGA ) prices, which continue to fall off record highs
last month. Crude was trading over $100 a barrel last week but is now down
around $93 today, with gas prices between $3.50 and $3.70 in most states, well
below the $4-plus many were seeing in May. ‘
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market warning
investors to get out of the general stock market. I was confident that once
the dollar put in its three-year cycle low the next deflationary period would
begin and stocks http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg
Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg
stock
Not only do we have a market that is testing the
prior intermediate cycle low when it shouldn't be, we also have a clear topping
pattern in place. Just like in '07 the market managed a marginal breakout to
new highs in May that failed to follow through. You can see the same thing
occurred in October of '07. This is quite often how markets top...or bottom for
that matter. A technical level is breached; technicians either buy the breakout
or sell the breakdown. Smart money fades the move and the market reverses. This
is exactly how the '07 top was formed. It's also how the market bottomed in
'02. And now the cyclical bull has topped with that exact same reversal pattern
in 2011.http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg
stock
markets moving
average http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg
Traders assets
All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street, where
corporate profits are expected to prove stock prices are too cheap. Here’s the
list of the wishful thinking items I heard or read today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an enormous
buying opportunity. Then, why was there talk about busting up Morgan Stanley
today. Liquidating a major investment bank? Now, that’s a devilish sign
of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily Ticker [Who would be foolish enough to say
Sen. Sanders’ heart isn’t in the right place from the perspective of a u.s.
senator. Yet, who would be so foolish as to not realize how foolish such a
statement is in evincing a clear lack of understanding in terms of business,
tooling, retooling, investment and return on investment, minimum or less wages,
etc., and decades if at all to accomplish. The reality is that they can’t
unring the bell that they themselves rung, even laughing as they did so at, for
example, Ross Perot who admonished all. The futility of the belated rhetoric is
that it can’t be accomplished in the foreseeable future that counts. ]
Are we in for a Double-Dip? [ Yes! ] Simon
Maierhofer June 17,
2011 ‘Over the past few weeks
various economic indicators have been building a coffin for the U.S. economy.
Is the last nail about to be hammered in?
Before
we entertain the much dreaded D-D word (Double Dip), let's take a look at some
of the economic numbers and see if it's really that bad.
Housing Market
May's
data for housing was all bad. It started out with weak housing starts reported
on May 17 and continued with worse than expected pending home sales (May 27)
and an S&P/Case-Shiller Home Price Index that dipped to the lowest level
since March 2003.
The
discrepancy between the performance of real estate (NYSEArca: IYR News VNQ News
The
chart below shows the performance of the S&P/Case-Shiller Home Price Index
(20-Composite).
http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif
Unemployment
This
weekend's Wall Street Journal put a positive spin on the jobless report and
simply stated: 'Job market loses momentum.' If you really look at the numbers,
you'll see that the jobless recovery never had any momentum.
It's
taken a lot of lipstick and statistical alchemy, such as excluding workers
that have been out of a job for more than 99 weeks and simply decreasing the
workforce, to keep this 'pig' more presentable than it really is.
Consumer Confidence
Consider
this for a moment. In May 2011, small caps (NYSEArca: IWM News IWR News EFA News
Despite
certain segments of the market being at all-time highs and the Dow Jones (DJI:
^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) at new recovery highs,
the Consumer Board's Consumer Confidence Index was at a dismal 60.8 in May.
http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif
As
the above chart shows, the average reading since 1967 is 94.5. The current
reading is lower than it was after the 9-11 attacks and about as low as in
2002. Consumer spending accounts for 75% of GDP. What happens if the consumer
doesn't feel confident?
Worse than Expected
Other
worse than expected numbers in May came from the Empire State Manufacturing
Survey, Redbook Retail Survey, Philly Fed Survey, Durable Goods Orders, GDP,
Chicago PMI, and the ISM Manufacturing Report.
They
were worse than expected because economists - who are generally bullish at the
top and bearish at the bottom - expected much better numbers. Thanks to
Citigroup, it is now possible to quantify just how right or wrong economists
are.
The
Citigroup Economic Surprise Index measures actual data outcome relative to
consensus expectations. A positive index reading means that economic releases
have, on balance, been beating consensus estimates. As of June 2, the index was
at -91 (see chart below). By June 16 it had dropped to -101.
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif
Dare to be Different
Unlike
most economists, the ETF Profit Strategy Newsletter expected the market to peak
out after an April rally. Following a low-risk entry against major Fibonacci
support at 1,255 in March, the S&P formed a rare bullish dragonfly doji.
The Newsletter's forecast for the month of April (issued on April 3) read as
follows:
'A
dragonfly doji generally carries bullish implications. Considering the overall
technical picture and the bullish April seasonality, higher prices seem likely
and odds favor a buy the dips strategy over the next 1-3 weeks. There is a
fairly strong Fibonacci projection resistance at 1,369. In terms of resistance
levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong
candidate for a reversal of potentially historic proportions.'
The
importance of 1,369 was re-emphasized again on May 1, with a recommendation for
aggressive investors to short the S&P against 1,369. Following a 46-month
low in the VIX (Chicago Options: ^VIX) on Friday April 29, the S&P topped
on Monday May 1, at 1,370 and hasn't really looked back since.
Adjusting the Sensors
The
purpose of any sensor, gauge, or indicator is to signal trouble before it
happens. A 'Check Engine' light doesn't help much if it lights up after
the engine blows. The proverbial canary in the coal mine is vital because it
smells toxic gases before anyone else does.
Unfortunately,
Wall Street doesn't subscribe to the concept of prevention, and neither do
economists. If they did, there wouldn't have been a 2002 tech crash (NYSEArca: XLK News XLF News
Many
economic indicators (and the economy) never really recovered. Normally this is
reflected in stock prices. However, like a muzzle, QE2 has restrained the stock
market from expressing its feelings freely. Investors may hope that Mr. Bernanke
will unleash some version of QE3, but now is not the time to base investment
decisions on hope. After a 100%+ rally from the 2009 low, the easy money has
been made…’
16
Meaningless Market Phrases That Will Make You Sound Smart On TV The Daily Ticker
Here
are the16
Meaningless Market Phrases That Will Make You Sound Smart On TV
CNBC's
15 Most Embarrassing Bloopers Slideshow Thwarter on Nov 4, 12:20 PM said:
Here's
a complete list for those of you who have better things to do than waste your
time indulging this site's desperate ploy for clicks:
http://www.businessinsider.com/the-10-best-cnbc-screw-ups-2009-11#charlie-gasparinos-f-bomb-1#ixzz1PbIEJdXN
[video]Trader:
Dow Could Drop to 10,500 TheStreet.com
TV
The day in 2011 that will change your life – overnight(!) WARNING: What you are about to see is controversial, and may be
offensive to some audiences. Viewer discretion is advised. http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
IMF
cuts U.S. growth forecast, warns of crisis Reuters
How
Miserable? Index Says the Worst in 28 Years When it comes to measuring the
combination of unemployment and inflation, it doesn’t get much more miserable
than this.
Greek
debt crisis: billions more will be pumped in to rescue Greece The
International Monetary Fund is preparing to pump more money into Greece’s
stricken economy in an attempt to calm turmoil on the financial markets.
Europe’s
‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The
European Union’s failure to contain the Greek debt crisis is sending fresh
shockwaves through currencies, money markets, equities and derivatives.
National / World
Texas State Officials Groped By TSA As “Punishment” Steve Watson
Obama Launching World War III Infowars.com
Apple wants to turn off iPhone cameras RT
Globalists Want Permanent Occupation of Iraq Paul Joseph Watson
Are
Hacker Attacks False Flag Attacks to Justify a Crackdown on the Internet? LulzSec
hasn’t demanded democracy, freedom, justice or any other worthy goals. They are
just attacking websites. [ I personally believe a majority of the hacks are
american cia / nsa sponsored. ]
Globalists Call For
‘Big War’ The secret globalist group “Bilderberg” called for a big war by
expanding the turmoil in Libya into a full-scale conflict involving the entire
Middle East except for Israel. This is a grim and bloody outlook, because,
historically, every time Bilderberg orders war, the guns begin to shoot.
Gaddafi
on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from
leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance
trying to dislodge him from Tripoli.
FBI Says
Somali al-Qaeda May Attack Hotels Authorities in the United States are
warning that al-Qaeda in Somalia plans to launch a Mumbai-style attack on the
Ritz Carlton in London.
Obama Launching World
War III In this critically important update, Alex warns that the
international banking cartel is using Obama and the US military to start World
War III. Globalists
Want Permanent Occupation of Iraq Despite the fact that U.S. troops are
scheduled to leave Iraq later this year, chatter arising out of the recent
Bilderberg conference in St. Moritz strongly suggests that the occupation will
be prolonged indefinitely, even as US military forces prepare for new
interventions in Libya and Syria.
Goldman,
JP Morgan Have Now Become A Commodity Cartel As They Slowly Recreate De Beers’
Diamond Monopoly About a month ago we reported on an inquiry launched into
JPM’s “anti-competitive” and “monopolistic” practices on the LME which have
resulted in artificially high prices for a series of commodities which had been
hoarded by the Too Big To Fail bank.
Ron Paul: Bold
Economic Leadership Ron Paul has proven to be the voice of reason in
American politics. For over three decades, he has been consistently and
vigilantly sounding the alarm on runaway government spending and the out of
control, destructive policies of the Federal Reserve System. Is
Obama About to Install a Commie at the Pentagon? Leon Panetta, Obama’s man
at the CIA that he wants to send on to the Defense Department, is a Marxist
according to Aaron Klein, writing for WorldNetDaily.
America
Is Being Raped … Just Like Greece and Other Countries The war between
liberals and conservatives is a false divide-and-conquer dog-and-pony show
created by the powers that be to keep the American people divided and
distracted.
Fluoride Is Good For You
:) Luke was onsite in Dundalk and decided to interview Walter Graham about
the ongoing stupidity of water fluoridation. Luke himself thinks that fluoride
is great for the teeth but Walter decided to inform him of the truth.
INFOWARS
EXCLUSIVE: Military Sources Reveal Ground Force Invasion of Libya Infowars.com
has received alarming reports from within the ranks of military stationed at
Ft. Hood, Texas confirming plans to initiate a full-scale U.S.-led ground
invasion in Libya and deploy troops by October. Nigel
Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned
Eurosceptic and British Euro MP Nigel Farage says saving the banks is why
politicians are so determined to bail out Greece and keep it in the Eurozone.
‘American
Exceptionalism’ Just More NWO Rhetoric During the 2012 election campaign,
you’ll probably be hearing a lot about “American exceptionalism,” particularly
from the Republican presidential candidates. [ The only american exceptionalism
today is in fraud, crime, and mental illness. Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc.; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pressed
by party, Weiner resigns N.Y.
congressman decides to step down following revelations that he sent sexually
explicit messages and photos to women online. (Washington Post) [Drudgereport: WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. Ain’t gonna’ have Tony to kick around anymore. The end of a saga
as Tony Weiner resigns. Truth be told, I’m a bit surprised. After all, as
stated in a soundbite of a new york voter, ‘they (the rest of congress) are
worse than him!’ Difficult to dispute. The truth, that is. Kind of like that scene in ‘Road to Perdition’
of mob boss Newman’s retort to hitman / enforcer Hanks, ‘there are only
murderers in this room’. Point well-taken. After all, they backed bush’s war
crimes, covered up wall street’s crisis-causing frauds in the trillions even to
this day, are venal and corrupt even as they, along with the executive branch,
scoffed at straight-shooters as Ross Perot who highlighted what is now
recognized as gross incompetence, extended their tainted touch to the quid pro
quo federal courts, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep.
Anthony Weiner confessed Monday that he tweeted a photo of his bulging
underpants to a young woman, and he also admitted to "inappropriate"
excha...’ Tearful US
congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald
Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
NSA,
Internet carriers collaborating
Program is deploying tools to scan major defense contractors’ traffic in
hopes of thwarting cyberattacks.
(Washington Post) [ Oh come on! News? Even before google’s overt
relationship with the NSA (their bots don’t need internet carrier
collaboration), I presumed, and I believe correctly, virtually anything on your
screen or the web’s available to them (there are also backdoors through identifying
intel chips, and microsoft’s monopoly depends on cooperation, etc.). I’ve
certainly been hacked more than once. The ‘cloud’ is a laugher in that
regard. Facebook
Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Infowars.com Facebook now appears to be
censoring some alternative news sites while allowing hackers to go after
others. It is no wonder they lost 6 Million users in the US last month. Google
denies special deal for Barack Obama Infowars.com Google denied Wednesday that it
gave President Barack Obama’s re-election campaign special access to a new
advertising program, something a sales representative from the search and
advertising giant had claimed in an email to customers. The Cloud: Trojan Horse For Internet Takeover [ I must agree and find it difficult to
imagine any rational person giving over to the cloud their own computer ops. ] Paul Joseph Watson
Change:
First Lady Wants Hollywood to Excrete Even More Pro Military Propaganda Michelle
Obama wants to see more stories of military families on TV and in movies, so
she came to Hollywood to do something about it.
Drudgereport: Protesters burn American flag
during Obama visit to Puerto Rico -- a U.S. territory ... I find
even his retirement costs objectionable. Obama: My
family is ‘fine’ with one term Politico Wobama’s such a glomming golem /
slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv
Afghans
prepare to take over security In areas where Afghan forces will be taking
control from foreign troops next month, emotions are mixed. (Washington Post)
[ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Greece
teeters amid default risk Athens reshuffles cabinet and works to convince a
nation to stand behind a new round of spending cuts. (Washington Post) [Sell
On The Rallies- Don't Buy On the Dips at
Forbes Robert Lenzner [ I quite agree
with Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market warning
investors to get out of the general stock market…’
Daley’s
courtship of executives hits rough patch White House Chief of Staff William
M. Daley, meeting with a group of manufacturing executives in Washington, finds
an exasperated crowd airing their grievances over the president’s policies.
(Washington Post) [ Courtship … rough patch … sounds likes excerpts from a
group family therapy session … not that they aren’t in need of substantial
therapy; and that goes for the vastly overpaid american execs as well as the
whitehouse, et als. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily Ticker [Who would be foolish enough to say
Sen. Sanders’ heart isn’t in the right place from the perspective of a u.s.
senator. Yet, who would be so foolish as to not realize how foolish such a
statement is in evincing a clear lack of understanding in terms of business,
tooling, retooling, investment and return on investment, minimum or less wages,
etc., and decades if at all to accomplish. The reality is that they can’t
unring the bell that they themselves rung, even laughing as they did so at, for
example, Ross Perot who admonished all. The futility of the belated rhetoric is
that it can’t be accomplished in the foreseeable future that counts. ]
Sell
On The Rallies- Don't Buy On the Dips at
Forbes Robert Lenzner [ I quite agree
with Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June
16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't
let the perma bulls fool you -- this is not a normal correction, and it has
nothing to do with Greece or Spain. This is the beginning of the next leg down
in the secular bear market warning
investors to get out of the general stock market. I was confident that once
the dollar put in its three-year cycle low the next deflationary period would
begin and stocks http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg
Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg
stock
Not only do we have a market that is testing the
prior intermediate cycle low when it shouldn't be, we also have a clear topping
pattern in place. Just like in '07 the market managed a marginal breakout to
new highs in May that failed to follow through. You can see the same thing
occurred in October of '07. This is quite often how markets top...or bottom for
that matter. A technical level is breached; technicians either buy the breakout
or sell the breakdown. Smart money fades the move and the market reverses. This
is exactly how the '07 top was formed. It's also how the market bottomed in
'02. And now the cyclical bull has topped with that exact same reversal pattern
in 2011.http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg
stock
markets moving
average http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg
Traders assets
alpeia
wrote
Stocks
tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a rebound
from six weeks of consecutive losses. (Washington Post) [ If that were only
true as the reason for the tumble. After all, u.s. stocks have been unaffordably
and artificially propped up and overvalued far beyond rationality in seldom
seen bubble-territory. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed… an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in
May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're
Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market:
4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is
occurring almost daily and Primary Dealers can buy back their shares and pay
dividends with what essentially is taxpayer money--America Is a Failed State
Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim
economic reality [ http://albertpeia.com/grimreality.htm
]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are
Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale
University’s Dr. Robert Shiller, the market is now 41% overvalued …only time
the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is telling.
At 565 sells for every 1 buy, it’s never been higher..extraordinarily high, one
might even say off-the-chart. http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com
Today
6/16/2011 12:08:23 AM PST
alpeia
wrote
U.S.-Pakistan
relationship in danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate
further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come
under pressure, endangering counterrorism programs. (Washington Post) [
U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest
of the world beyond war crimes nation and u.s. ward israel, and the defacto
bankrupt as america EU, one might say at least a little progress on the
‘non-foreign policy’ front. Yet, that’s but a dream thanks
to war mongering neo-cons, zionists, and so-called change-meister, failed
president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR
IN LIBYA? 'No exchange of fire with hostile forces'... Lawmakers Sue... Price tag projected to be $1.1 Billion this year... AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT... IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Greece Crippled by Protests, Strike Over
Austerity... Likely Default... USA in Even 'Worse Shape Financially Than Greece'... Protesters burn American flag during Obama visit to Puerto
Rico -- a U.S. territory... VIDEO: Heckled At Miami Fundraiser... Report: SEC lawyer exposed FBI informant (Washington Post)
[ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or
post’ arrangement, whether implicit or explicit; you know, that ubiquitous
‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed,
the scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: CRIME STATISTICS >(america is No. 1) Rank Countries Amount # 1 United States: 11,877,218 # 2 United Kingdom: 6,523,706 # 3 Germany: 6,507,394 UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims ' Cases against Wall
Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:35:48 PM PST
alpeia
wrote
Deja
Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers
worried about a return to the dot-com bubble of the 1990s. (Washington Post) [
Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was.
More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S.
History Kaspar According to Yale University’s Dr. Robert Shiller, the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher.. Sell On The
Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with
Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a watershed
moment for investors again– and I’m feared all the negatives in the world are
seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in
15 days– and it played a strong support system for equities– up 25%, oil, up
25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke
signaled he wanted to increase the wealth on paper of investors.If equities are
on the way down– and the rout today overwhelmed the gains yesterday– then you
will experience the double whammy of stocks and homes losing value at the same
time– to what extent nobody knows. Money center banks like Bank of America
certainly face write-downs from their huge portfolio of home mortgages.. Just
because cash is yielding nothing is no good reason to be 100% invested in common
stocks.’ http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com/currentopics2ndqtr10108....
http://www.albertpeia.com
Today
6/16/2011 12:04:10 AM PST
alpeia
wrote
White
House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds
with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the
defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... , days, not weeks. http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:42:21 PM PST
Recommend
Recommended
by 2 readers
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... MERKEL
FALLS ON SWORD; MORE GREEK BAILOUT
'MISERY
INDEX' HIGHEST IN 28 YEARS... Abandoned Children Found Running Naked Through Jersey City
Streets...
Exposed:
The secret guns sting that backfired on the US... Carney:
Obama 'Did Not Know About Or Authorize' Gunrunning Op... PAPER:
2 Top Lawyers Lost to Obama in Libya War Policy Debate... 'Extraordinarily rare'... [ ‘WASHINGTON
— President Obama rejected the
views of top lawyers at the Pentagon and the Justice Department when he decided
that he had the legal authority to continue American military participation in
the air war in Libya without Congressional
authorization, according to officials familiar with internal administration
deliberations. Jeh C. Johnson, the Pentagon general counsel, and Caroline D.
Krass, the acting head of the Justice Department’s Office of Legal Counsel, had
told the White House that they believed that the United States military’s
activities in the NATO-led air war amounted to “hostilities.” Under the War Powers Resolution ,
that would have required Mr. Obama to terminate or scale back the mission after
May 20…’ ]Greek
rating now worst in the world... CCC... Likely
Default... USA in
Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... POLL:
Obama Loses to Generic Republican... GREECE
FACES DEMAND FOR DEEPER CUTS...
CHINA
RUSSIA CLOSER
Union
boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First, corrupt
mob-infested jersey is already that and worse. Second, defacto mob control,
such as it is in jersey, is already facist which ultimately is what
totalitarian regimes are all about, be they right or even left. ]STUDY:
Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...
THE
FALL OF GREECE... Deal
fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...
Russia,
China warn West against Arab interference...
NSA,
Internet Providers Teaming Up To Monitor 'Web Traffic'... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role... Vancouver
Rocked By Stanley Cup Riot... Congratulations
to the Boston Bruins! ] 150
hospitalized... Hockey
dream turns nightmare... SHOCK
VIDEO: Crowd stomps man who tried to stop looting...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed to
Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS
SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM: More
Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow
tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned
Layoffs Up... Manufacturing
Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation...
WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a
bit surprised. After all, as stated in a soundbite of a new york voter, ‘they (the
rest of congress) are worse than him!’ Difficult to dispute. The truth, that
is. Kind of like that scene in ‘Road to
Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are only
murderers in this room’. Point well-taken. After all, they backed bush’s war
crimes, covered up wall street’s crisis-causing frauds in the trillions even to
this day, are venal and corrupt even as they scoffed at straight-shooters as
Ross Perot who highlighted what is now recognized as gross incompetence,
extended their tainted touch to the quid pro quo federal courts, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words created
quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow
today in the climax to the worst week in 9 years. It was also the
6th straight week of stock declines– widely understood to be a sign of
what’s to come in the economy. Even Apple, the darling of the tech world, sold
off every day this week– even in the face of Steve Jobs introduction of the
“cloud” storage of all our social media and entertainment software.All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m beginning
to think the worst of all possible worlds. China and Germany are looking to
reduce our credit rating. Comes the revolution, an overthrow of American
financial superiority.
*Oil prices
will decline and that development will allow consumers to spend money
and stimulate the economy. Maybe they will– and maybe they won’t. Rules should
installed to limit speculation in energy futures by institutional investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily Ticker [Who would be foolish enough to say
Sen. Sanders’ heart isn’t in the right place from the perspective of a u.s.
senator. Yet, who would be so foolish as to not realize how foolish such a
statement is in evincing a clear lack of understanding in terms of business,
tooling, retooling, investment and return on investment, minimum or less wages,
etc., and decades if at all to accomplish. The reality is that they can’t
unring the bell that they themselves rung, even laughing as they did so at, for
example, Ross Perot who admonished all. The futility of the belated rhetoric is
that it can’t be accomplished in the foreseeable future that counts. ]
[video]Trader:
Dow Could Drop to 10,500 TheStreet.com
TV
Enter
the FBI's Vault: Groucho Marx, Sonny Bono, Helen Keller, UFOs, and Louie Louie
at Forbes Street Sweeper ‘The Federal Bureau of
Investigation (“FBI”) recently advised the public of the online availability of
The
Vault Curious as to
what might be buried in The Vault
- Administrative
Policy Procedures Anti-War Bureau Personnel Civil Rights Counterterrorism Foreign
Counterintelligence Fugitives Gangs Extremist
Groups Gangster Era Hot Topics Miscellaneous Organizations Organized Crime Political
Figures Events Popular Culture Public Corruption Supreme Court Unexplained
Phenomenon World War II Violent Crime
Going from the
sublime to the ridiculous, we find this entry:
In
1963, a rock group named the Kingsmen recorded the song “Louie, Louie.” The
popularity of the song and difficulty in discerning the lyrics led some people
to suspect the song was obscene. The FBI was asked to investigate whether or
not those involved with the song violated laws against the interstate
transportation of obscene material. The limited investigation lasted from
February to May 1964 and discovered no evidence of obscenity.
Among the folks featured in the Popular
Culture the
Monkees (Apparently the FBI
thought that this subversive “combo” described as dressing “beatnik like” were
projecting subliminal anti-war messages during their concerts Lucille
Ball (Lucy has a 156-page file
suggesting she was a registered Communist from 1936 to 1938. You got some
‘splainin’ to do Lucy! Groucho Marx (Perhaps Karl Marx was part of the original Marx
Brothers?
Helen Keller (Nah, ya gotta be kidding
me with this one. Nope — there are some 45 pages concerning allegations of her
Communist sympathies. Maybe the “Miracle Worker” was supposed to be the
“Miracle Workers of The World Unite!”
What other fascinating tid-bits are in The Vault
In
1988, two FBI offices received similar versions of a memo titled “Operation
Majestic-12…” claiming to be highly classified government document. The memo
appeared to be a briefing for newly-elected President Eisenhower on a secret
committee created to exploit a recovery of an extra-terrestrial aircraft and
cover-up this work from public examination. An Air Force investigation
determined the document to be a fake.
Then there was a truly intriguing one-page
document – a memo from Mr. Guy Hottel (apparently a Special Agent
in Charge (“SAC”) in Washington, D.C.), dated March 22, 1950, titled
“Flying Saucers: Information
Concerning
The following
information was furnished to SA [redacted]:
An investigator for
the Air Force stated that three s0-called flying saucers had been recovered in
New Mexico. They were described as being circular in shape with raised
centers, approximately 50 feet in diameter. Each one was occupied by
three bodies of human shape but only three feet tall, dressed in metallic cloth
of a very fine texture. Each body was bandaged in a manner very similar to the
blackout suits used by speed flyers and test pilots.
According to Mr.
[redacted] informant, the saucers were found in New Mexico due to the fact that
the Government has a very high-powered radar set-up in that area and it is
believed the radar interferes with the controlling mechanism of the saucers.
No further
evaluation was attempted by SA [redacted] concerning the above…’
S&P
500, Russell 2000 ETFs Also Close To Breaching 200-Day Technical Warnings at Barrons.com
Seven-Week
Streak Still Possible at The Wall
Street Journal Mark
Gongloff ‘With a late rally, most of the
stock market managed to limp across the wire in the green. How long it will
stay there is an open question.The Dow, up 64
points today, is now 10 points higher on the week, barely avoiding a rare seven-week losing streak, but still not nearly out of
the woods yet.
The internals
of the market were uglier than the headlines. Decliners on the NYSE outnumbered
advancers 1668 to 1367. Declining volume was 51% of the total, while advancing
volume was 47%.
The S&P
500 was up just 2 points today and is just slightly lower on the week, with one
trading day left.
The Nasdaq
finished down 8 points and is now 1.1% lower for the year — not a great sign,
if you think tech stocks lead the way for the rest of the market.
The Dow
transports, too, are slightly lower for the year, as is the Russell 2000.
On the
brighter side, financials were among the better performers today, up 0.6%.
But the best
performers were defensive sectors, and the worst were cyclicals such as tech
and consumer discretionary.
Volume was
low, the VIX surged again and Treasury yields ended at their lowest level of
the year, at 2.91%.’
3 Reasons Why Thursday’s Markets Were Mixed After Greek Lows Wall St. Cheat Sheet June 16, 2011 Markets
closed mixed on Wall Street: Dow +0.54% , S&P +0.18% , Nasdaq -0.29%
, Crude +0.2% , Gold +0.12% .
On the
commodities front, Oil (NYSE:USO ) barely moved to close at $95 a barrel, while
precious metals were mixed with Gold (NYSE:GLD ) adding a couple bucks to $1,527 and Silver
(NYSE:SLV ) dropping a bit.
Our New
Stock Picks are Here: Check Out
Today’s
markets were mixed because:
1) Banks
caught in the middle. Normally the top banks (NYSE:KBE ) are birds of a feather, all in the green or all
in the red. But today they’re all over the map with Bank of America (NYSE:BAC ) and Wells Fargo (NYSE:WFC ) showing gains today while Citigroup (NYSE:C ) and JPMorgan (NYSE:JPM ) suffered losses. Don’t Miss: How
Badly Will a Greek Default Hurt US Banks?
2) How do you
solve a problem like Greece? It’s as if everyone’s been waiting for Greece to
implode or break off and float into the Mediterranean Sea. Instead, bad news
steadily trickles in manageable doses. No restructuring yet, no default. The
euro, though down, is still trading above where it was last summer. People are
frozen in their tracks, wondering whether to run scared or wait it out. It’s
like watching a train wreck at 15 miles per hour.
3)
Indecipherable data reports. Yesterday the National Association of Homebuilders
(NYSE:XHB ) told us confidence
was down for June , but then today we hear from the Commerce Department that
housing
starts , building permits, and housing completions were all up last month.
Jobs data shows a 16,000 decrease in
jobless claims , which is good news, but jobless claims still remain over
400,000, which is bad news. People are looking for economic cues from these
reports and just aren’t getting a solid answer. Some things are getting worse,
some are getting better, and everything is moving slowly…’
Why
Your Money-Market Fund Could Be Hit by Greek Default CNBC
Greeks
Strike, Clash With Police Over Austerity Reuters
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
Europe’s
‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The
European Union’s failure to contain the Greek debt crisis is sending fresh
shockwaves through currencies, money markets, equities and derivatives.
Europe
warned of financial chaos over Greek debt crisis Greece’s 18-month
sovereign debt crisis brought the government to the brink of collapse as public
fury over savage austerity measures erupted in pitched battles with riot police
on the streets of Athens. China
Social Unrest Getting Out of Control: Expert China’s security services have
managed for now to curb social unrest in the southern manufacturing city of
Zengcheng after migrant workers set fire to government buildings over the
weekend. But one economist says the discord is more worrying for markets than
the nation’s widely-telegraphed soaring inflation.
Cramer: 10%
Correction Possible A 10 percent correction is “entirely possible,” Cramer
said Wednesday, as stocks fell sharply on worries the Greece debt crisis may
escalate and concerns over other headwinds facing the economy.
alpeia
wrote
Stocks
tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a rebound
from six weeks of consecutive losses. (Washington Post) [ If that were only
true as the reason for the tumble. After all, u.s. stocks have been
unaffordably and artificially propped up and overvalued far beyond rationality
in seldom seen bubble-territory. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling In May Is Very Good Advice This Year Harding Remember:
Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam).
POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money--America Is a Failed
State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim
economic reality [ http://albertpeia.com/grimreality.htm
]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are
Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale
University’s Dr. Robert Shiller, the market is now 41% overvalued …only time
the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher..extraordinarily
high, one might even say off-the-chart. http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com
Today
6/16/2011 12:08:23 AM PST
alpeia
wrote
U.S.-Pakistan
relationship in danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate
further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come
under pressure, endangering counterrorism programs. (Washington Post) [
U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest
of the world beyond war crimes nation and u.s. ward israel, and the defacto
bankrupt as america EU, one might say at least a little progress on the
‘non-foreign policy’ front. Yet, that’s but a dream thanks
to war mongering neo-cons, zionists, and so-called change-meister, failed
president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR
IN LIBYA? 'No exchange of fire with hostile forces'... Lawmakers Sue... Price tag projected to be $1.1 Billion this year... AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT... IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Greece Crippled by Protests, Strike Over
Austerity... Likely Default... USA in Even 'Worse Shape Financially Than Greece'... Protesters burn American flag during Obama visit to Puerto
Rico -- a U.S. territory... VIDEO: Heckled At Miami Fundraiser... Report: SEC lawyer exposed FBI informant (Washington Post)
[ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or
post’ arrangement, whether implicit or explicit; you know, that ubiquitous
‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed,
the scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: CRIME STATISTICS >(america is No. 1) Rank Countries Amount # 1 United States: 11,877,218 # 2 United Kingdom: 6,523,706 # 3 Germany: 6,507,394 UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims ' Cases against Wall Street
lag despite Holder’s vows to target financial fraud WP | Obama has promised to
hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:35:48 PM PST
alpeia
wrote
Deja
Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers
worried about a return to the dot-com bubble of the 1990s. (Washington Post) [
Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was.
More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S.
History Kaspar According to Yale University’s Dr. Robert Shiller, the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s...
Navin 1) The 5-year high in the level of insider corporate stock sales is
telling. At 565 sells for every 1 buy, it’s never been higher.. Sell On The
Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with
Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘ Don’t listen to all the
money managers selling their wares on tv. Unfortunately, this is a watershed
moment for investors again– and I’m feared all the negatives in the world are
seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in
15 days– and it played a strong support system for equities– up 25%, oil, up
25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke
signaled he wanted to increase the wealth on paper of investors.If equities are
on the way down– and the rout today overwhelmed the gains yesterday– then you
will experience the double whammy of stocks and homes losing value at the same
time– to what extent nobody knows. Money center banks like Bank of America
certainly face write-downs from their huge portfolio of home mortgages.. Just
because cash is yielding nothing is no good reason to be 100% invested in
common stocks.’ http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com/currentopics2ndqtr10108....
http://www.albertpeia.com
Today
6/16/2011 12:04:10 AM PST
alpeia
wrote
White
House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds
with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the
defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... , days, not weeks. http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011
11:42:21 PM PST
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What
Wall Street Won't Tell You
[ Well, as we paraphrase what we sing in (tune ‘Love Story’) ‘Fraud
Story’: Where do we begin, to tell the story of how great a fraud can be, that
great fraud story with now fast computers is wider than the sea, and all that
hard-earned money that you’ve took from me, it breaks my h_e_a_r_t ! Yes, their
churn-and-earn frauds among others have never been so lightning fast; and,
don’t forget, the commissionable trading on wall street is a NET NEGATIVE in
real economic terms and that money for moving paper around has to come from
some real place … ultimately, you, main street, etc.. ] BRETT ARENDS ‘Y ear
after year, Wall Street types mock the supposed rubes and suckers who make up
Mom and Pop investors.And sure,
regular investors can make plenty of mistakes when it comes to investing.
But here's
what the Wall Street pros don't tell you: They aren't a whole lot better. I
sometimes wonder if they know anything more than the rest of us.
Yesterday two
separate reports landed on my desk. Both showed how the big money honchos have
been handling your savings and investments.
The findings?
You probably don't want to know.
According to
the latest monthly survey from Bank of America Merrill Lynch, these
professional money managers now think gold is "more overvalued than at any
time since December 2009." Those are Merrill's exact words.
In December,
2009, gold hit a high of $1,170 an ounce.
Today? Oh,
$1,515. That's an annualized return of 19%.
You couldn't
make it up. So much for "overvalued."
According to
Merrill Lynch, these professional money managers have been saying gold is
overvalued for years completely missing the massive bull market of the past
decade.
Merrill's
latest survey includes data for the past two years, as gold has nearly doubled.
During that time these professional investment managers have called gold
actually cheap just once, in January 2009. Every other month they've said:
"Oh, it's overvalued."
It was
"overvalued" in May 2008 at around $880 an ounce. It was
"overvalued" in June 2009 at around $930. It was "overvalued"
in early 2010, and it was still "overvalued" a year ago at around
$1,200 an ounce. And it's still "overvalued" today.
Merrill says
it no longer has data going back earlier, but if my memory serves, the big
money honchos were saying the same thing about gold in earlier years, too. It
stands to reason, too, as when gold was $300 or $400 or $500 an ounce, none of
them owned it. And I paid some attention to Merrill's findings on the subject,
because I happened to be the person who first suggested they start asking about
gold, way back in 2004.
To be fair,
money managers haven't been completely useless guides to gold. December 2009,
when they said it was really, really overvalued, they had half a point. Gold
had just had a big run, and was due a correction. It then fell 10%.
And maybe
we're in the same situation now. Gold's had a good run so far this year, and
summer is traditionally a weak time in the gold market, so maybe you'll get a
better deal if you wait a bit, though there are no guarantees.
If this were
just about gold, it wouldn't matter so much.
But over the
past decade, money managers have been making an equally bad call about a much
bigger asset class: bonds.
Merrill data
show they have been calling bonds "overvalued" consistently since at
least 2002.
And they've
been singing the praises of stocks instead.
Meanwhile,
over nearly all of that time, it was generally a far smarter move to have your
money in bonds than stocks. The Vanguard
Total Bond Market Index Fund , for example, has made you nearly twice the
profits of the Total
Stock Market Index Fund with far fewer the ulcers.
This is what
we're paying the big bucks for? These guys have been loaded up to the gunwales
with stocks, holding too few bonds, and no gold, for a decade. Nice move.
I've noted
before that, on occasions, their collective gaffes have been mind-boggling.
They dumped their last remaining Japanese stocks right at the lows, in April
2003. Then they loaded up again in 2005, after Japanese stocks had already
boomed, before bailing yet again. In June 2007, they fell madly in love with
European stocks, and loaded the boat. Merrill called it "EU-phoria."
European stocks then crashed.
Now let's turn
to yesterday's second report, from pension consultants Mercer. It looks at how
big company retirement plans are managing their investments.
And it turns
out not owning gold is the least of their problems.
Mercer looked
at all the final salary plans run by Standard & Poor's 1500 companies.
Bottom line?
Many of these funds are still significantly underfunded. Even after the
gerrymandered stock market "boom" of the past two years, they have
only enough assets to cover 83% of their liabilities.
"Despite
employer contributions of $77 billion and aggregate asset returns of $156
billion (a 12% median rate of return), pension deficits decreased by only $8
billion during the fiscal year," says Eric Veletzos, the Mercer principal
in charge of the study.
An $8 billion
improvement compared to total pension liabilities of $1.7 trillion. It hardly
inspires confidence. And that's after a big rally.
Meanwhile,
says Mercer, the aging Baby Boomers are nearing retirement and many plans
"may be nearing the end of their 'growth' or 'accumulation' phase and
transitioning to a 'spend-down' phase." Oh, happy day.
So managers
are doing what you'd expect in situations like this. They are pinning their
hopes on big stock market gains, and hoping for the best.
Typical funds
are counting on investment returns between 7% and 8% a year, reports Mercer.
There's just one problem: Many of them are also holding lots of low-risk,
low-return bonds. In some cases they are holding half, or even two-thirds, of
their entire portfolios in bonds.
And yet they
are still expecting overall investment returns of 7% to 8%.
Hmm. Ten-year
Treasury bonds yield a mere 3%. Even long-term AA-rated corporate bonds yield
only about 5.3%, according to Barclays Capital. So if half your portfolio is in
investments like these, how do you get 7% or 8% overall? Easy. You just tell
people stocks will give you 8%, 9%, even 10% a year.
Good luck with
that.’
SEC
settles fraud case against former official (Washington Post) [ $14 million?
How ‘bout the trillions involved in the last and continuing crisis inducing
fraud. Well, we all know that nothing succeeds quite like failure in america;
you know, that new normal for pervasively corrupt, defacto bankrupt america.
Yes, we all know that QE has been a dismal and costly failure unless the
measure of success is the increased wealth of the frauds on wall street; after
all, as with this still extant financial crisis (toxic assets/paper/securities
cashed out and still out there in the trillions though now marked to anything
as per legislated mandate / complicity / FASB rule change) , your dollars
actually and ultimately financed their ill-gotten gains which never seem to
translate into the promised job, economic gains and go on despite well-founded,
prominent warnings that the same will not succeed and have, as warned,
exacerbated that which was meant to be cured. The key here is expectations
based on what. I, and others have been saying such expectations have been based
upon total b***s***, manipulations, if not outright fraud. Certainly the toxic
assets now marked to anything as per legislated professional criminal courtesy
in the form of FASB rule change will figure prominently in the next phase of
this ongoing economic / financial crisis / debacle, the worst of which is yet
to come, having been exacerbated thereby. Moreover, it’s now clear that the
fed’s machinations have failed, benefited fraudulent wall street and insiders
only, to everybody else’s expense and detriment including a hyperinflationary
environment some (including El Erian of PIMCO) euphemistically refer to as
stagflation. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,
Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
National / World
U.S. Invasion of Libya Set for October Aaron Dykes
Washington Post Covers Bohemian Grove Kurt Nimmo
Insider
Leaks Reveal Full Bilderberg Agenda On War and Alternative Media The move
by al-Qaeda in Yemen and news of the CIA plan to escalate the drone war into
Africa follows by several days word that the elite plan to expand the
fabricated war on terror. Last week in St. Moritz, Switzerland, inside sources
at the Bilderberg meeting revealed that the globalists are working to spread
the war throughout the region.
US Warships Moved
To Syrian Coast Even as the Obama administration prepares to launch a full
ground war in Libya while expanding its drone attacks inside Yemen and
Pakistan, US warships are being moved towards the Mediterrenean coast of Syria,
precisely in line with forecasts that the Bilderberg Group intended to launch a
massive new war in the Middle East, with Syria being its prime target.
U.S. Invasion
of Libya Set for October Infowars.com has received alarming reports from
within the ranks of military stationed at Ft. Hood, Texas confirming plans to
initiate a full-scale U.S.-led ground invasion in Libya and deploy troops by
October.
Fukushima:
It’s much worse than you think Scientific experts believe Japan’s nuclear
disaster to be far worse than governments are revealing to the public.
Russia,
China warn West against Arab interference Russia and China oppose outside
interference in the unrest in the Arab world, the two presidents said on
Thursday in a declaration, as the West seeks their support for increasing
pressure on Syria.
TEPCO
starts up water treatment system, but massive radioactive waste feared Tokyo
Electric Power Co. (TEPCO) began a trial run of a radioactive water treatment
system at the crippled Fukushima No. 1 Nuclear Power Plant on June 15 in a
desperate effort to break away from the vicious cycle of injecting water into
reactors to cool them and ending up with more contaminated water.
Japan
plans to move pregnant women from far-flung radiation Japan plans to ask
pregnant women and children to move away from radiation “hotspots” that were
found far away from the crippled Fukushima nuclear plant, the government said
on Thursday, reflecting new anxieties about the spread of radioactivity.
Predatory
Policy: US, UK enter Yemen with deadly drone strikes, choppers The West is
weighing in to Yemen’s ongoing unrest – with deadly force. Officials in the
troubled country say U.S. drone strikes have killed over a hundred people,
including civilians, in the past two weeks. Now, the UK’s preparing attack
helicopters and commando squads for possible action in Yemen.
U.S.
helicopters fire on attackers in Iraq oil hub Reuters
Chossudovsky:
Bahrain killings approved in the White House While NATO continues
bombarding Libya, they have quite a different approach with other
countries–take for instance Bahrain.
Nigel
Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned
Eurosceptic and British Euro MP Nigel Farage says saving the banks is why
politicians are so determined to bail out Greece and keep it in the Eurozone.
We
Suffered a Fukushima-Style Melt-Through In the Global Financial System in 2008
… But Nothing Has Been Done to Fix It As I noted in April, the Japanese
nuclear disaster and financial crisis were caused by the exact same thing:
removing all of the safeguards in order to save money. / Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billiions from the fraud ) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the
meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Biden-led
deficit talks resume [ ‘Lobotomy Joe’? Well that engenders confidence …
Riiiiight! ] Looking
for Medicaid savings Faced with severe budget problems, Republican
governors are escalating their fight against federal rules requiring states to
maintain current levels of health-care coverage for the poor and disabled.
(Washington Post) [S&P
downgrades Greece It now has the world’s lowest debt grade, and S&P said
a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the
Greek predicament is, some very distinguished experts say: Drudgereport: USA in Even 'Worse Shape Financially Than Greece'... CHINA: USA 'ALREADY
DEFAULTING'... TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' Greek rating now worst in the
world... CCC... Likely Default... Ill. so broke considers ads on license plates... Eurozone 'heads for break
up'... The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement imposed … an
especially great opportunity to sell / take profits while you still can since
there's much worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not
Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin
‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Facebook
Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Facebook now appears to be censoring some
alternative news sites while allowing hackers to go after others. It is no
wonder they lost 6 Million users in the US last month. Google
denies special deal for Barack Obama Google denied Wednesday that it gave President
Barack Obama’s re-election campaign special access to a new advertising
program, something a sales representative from the search and advertising giant
had claimed in an email to customers.
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... Greek
rating now worst in the world... CCC... Likely
Default... USA in
Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... POLL:
Obama Loses to Generic Republican... GREECE
FACES DEMAND FOR DEEPER CUTS...
CHINA
RUSSIA CLOSER
Union
boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First, corrupt
mob-infested jersey is already that and worse. Second, defacto mob control,
such as it is in jersey, is already facist which ultimately is what
totalitarian regimes are all about, be they right or even left. ]STUDY:
Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...
THE
FALL OF GREECE... Deal
fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...
Russia,
China warn West against Arab interference...
NSA,
Internet Providers Teaming Up To Monitor 'Web Traffic'... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role... Vancouver
Rocked By Stanley Cup Riot... Congratulations
to the Boston Bruins! ] 150
hospitalized... Hockey
dream turns nightmare... SHOCK
VIDEO: Crowd stomps man who tried to stop looting...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed to
Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS
SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM: More
Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow
tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned
Layoffs Up... Manufacturing
Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation...
WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a
bit surprised. After all, as stated in a soundbite of a new york voter, ‘they (the
rest of congress) are worse than him!’ Difficult to dispute. The truth, that
is. Kind of like that scene in ‘Road to
Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are only
murderers in this room’. Point well-taken. After all, they backed bush’s war
crimes, covered up wall street’s crisis-causing frauds in the trillions even to
this day, are venal and corrupt even as they scoffed at straight-shooters as
Ross Perot who highlighted what is now recognized as gross incompetence,
extended their tainted touch to the quid pro quo federal courts, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words created
quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Weakening
Consumer And Manufacturing In U.S. Dishearten Markets at Forbes
[video]
Trader: Dow Could Drop to 10,500 at
TheStreet.com
See
It, Market: Hooky the Bear at
Minyanville
Robert
Shiller: Stocks and Real Estate Remain Grossly Overvalued
Why
the Denial of Peak Oil Is Becoming More Dangerous Every Day
Is
Ben Bernanke Sabotaging the Chinese Economy? [ Sabotage? China? I’d say
‘no-recession-helicopter-ben-b.s.bernanke’ is an ‘equal opportunity
incompetent’ and wall street fraud protector, as the entire world realizes
day-by-day! ]
Minyanville's
T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow
[video]
Foreclosure City, USA
Big Money Investors Feeling Fearful: Follow the Puts Barrons
Steve Sears ‘VIX The Standard & Poor’s
500 Index
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart…’ ]
Sell
On The Rallies- Don't Buy On the Dips at
Forbes Robert Lenzner [ I quite agree
with Mr. Lenzner who has resisted through sound judgment the temptations and
implicit pressures of the herd mentality on wall street. After all, bulls are
cattle and hardly known for their brain power. ] ‘
Minyanville's
T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow at Minyanville
Reprieve
Over at The Wall Street Journal Market Beat
‘ Greek
crisis flared anew, and suddenly the market is on track for a seventh
straight losing week.The Dow fell 1.5%, or 179 points, to its lowest close
since mid-March. The S&P 500 fell even harder, losing 1.7%.Even Pandora
Media, wandering into the market on its first day of trading, had
a non-LinkedIn-like 9% gain.There are still two whole days left to the week, of
course — still plenty of time for the market to come out of it a winner. A
solid resolution, though likely only temporary, to the Greek crisis could be a
catalyst.But for now the guts of the market don’t promise much of a rally any
time soon. How’d the leading-type indexes do? Not well. The Nasdaq and the
Russell 2000 each fell about 1.8% and are back into the red for the year.The
S&P 500′s worst performers were energy stocks, down 2.5%, as crude oil tumbled more than 4% to below $95 a
barrel. Materials stocks fell 2.3%, and financials fell 2.2%. That drop in
financials is troubling , as it suggests there could be more to
come.Similarly, the euro’s sharp decline, down nearly 2% to below $1.42, is
another indicator of wider risk aversion than we’ve seen so far in the US stock
market’s six-week losing streak.It suggests investors are starting to think
about the systemic, Lehman-like risks of a Greek default. Against the backdrop
of weaker economic data in the US, this is not a recipe for a roaring
rally any time soon. We won’t even mention how the return of violent
anti-austerity protests in the streets of Athens raises eerie parallels to the
flash crash last May.’
Greek debt fears sink Wall Street, more losses eyed (Reuters) Stocks
tumbled on Wednesday, driven lower by escalating Greek debt woes, while
troubling U.S. data pointed to further losses ahead.
Greeks
Strike, Clash With Police Over Austerity Reuters
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
‘Bumbling’
Economy Result of ‘Meddling’ From Leaders: Ross CNBC
Warnings
Of A Great Depression or Hyperinflation Unemployment at 22.4% is causing a
run on assets of retirement funds. That is probably why legislation is being
introduced to limit how much money can be removed from these investment
vehicles.
US
Housing Crisis Is Now Worse Than Great Depression It’s official: The housing
crisis that began in 2006 and has recently entered a double dip is now worse
than the Great Depression.
National /World
NATO sliding towards Libyan ground war: Russian envoy (Reuters)
The Cloud: Trojan Horse For Internet Takeover [ I must agree and find it difficult to
imagine any rational person giving over to the cloud their own computer ops. ] Paul Joseph Watson
Stephen Baldwin May “Go Head to Head with Big Brother”
Alec in NYC Mayor Race [ I’m
for Alec Baldwin for Mayor … sorry Steve. ] Kurt Nimmo
TSA “Security Exercise” Covers 3 States, 5000 Miles Paul Joseph Watson 1.9 Million Fewer Americans Have Jobs Today Than When
Obama Signed Stimulus Matt
Cover Another Greek MP To Vote Against Bailout So “He Can
Safely Walk The Streets” Tyler
Durden
Lawmakers
sue President Obama over Libya Politico
‘Libya
war driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO
attacks continue in Libya, ex US Congresswoman and former presidential
candidate Cynthia McKinney went to the country on a non-governmental
fact-finding mission to see what exactly is going on in the war-torn country.
Provocateurs
In Greece Causing Brutal Police Crackdown on Leigitmate Protesters Greece
is at boiling point – with police firing tear gas at crowds of angry
protesters. Thousands of demonstrators are trying to block access to the
Parliament building, where the government is discussing more cutbacks to secure
further rescue loans. Celente
Slams “Cartoon News Network” GOP Debate Trends forecaster and social
commentator Gerald Celente has slammed this week’s GOP presidential debate
hosted by CNN as a “disgraceful” indication of the decline of America. Lawmakers
sue President Obama over Libya A bipartisan group of House members announced
on Wednesday that it is filing a lawsuit charging that President Obama made an
illegal end-run around Congress when he approved U.S military action against
Libya.
Angry Protests
Erupt Throughout China AN eruption of protests throughout China has sent
armoured vehicles into town centres, prompted an internet blackout by the
government and left thousands across the country blogging about “crazy”
violence on the streets. TSA
“Security Exercise” Covers 3 States, 5000 Miles If you’re still living
under the delusion that the TSA is just restricted to airports then think
again. A joint VIPR “security exercise” involving military personnel has
Transportation Security Administration workers covering 5,000 miles and three
states, illustrating once again how the TSA is turning into a literal occupying
army for domestic repression in America.
Facing
a tall order in Afghanistan A
low-key Marine, Gen. John R. Allen, is set to take over the war at a
high-stakes moment (Washington Post) [ Tall order? That’s an understatement!
Even if pervasively corrupt america wasn’t defacto bankrupt the ‘task’ would
still be on the order of ‘mission impossible’.
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter Lawmakers
push for a new Afghan strategy
Congressional leaders are urging President Obama to take full advantage
of progress achieved by narrowing the focus of the Afghan mission. (Washington Post) [ It seems they’ve taken
Robert Browning to heart; viz., that ‘a man's
reach exceed his grasp’ (from a poem by Robert Browning ). Indeed,
they search for that ever elusive thing called ‘strategy’ vis-ŕ-vis the
so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a
‘mission impossible’ as a strategy implies method to this reality of their
madness. The heroin trade which they’ve ramped up (the Taliban had all but
eradicated same) and commandeered as their own has been reason enough; yet, fog
of war creates many opportunities for the american criminals despite the
defacto bankruptcy of the nation. So, for the war criminal americans, reality
certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of
the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global
information exchange at lightning speed has made such throwbacks to a lost era,
propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
courts Latino vote with Puerto Rico visit Awkward
Romney In casual moments, his weirdness comes through. (Washington Post) [
Didn’t see the debate nor read Mr. Milbank’s article. I’m certainly not going
defend Romney after his recent gratuitous and misguided shill for israel; yet,
it must be emphasized that wobama apologist / defender Mr. Milbank ignores the
reality of ‘wobama the b’ (for b***s***) as a complete and abject failure as
president or anything else, for that matter. Wobama is a total piece of s***
and I’m nonplused how he even came to be a u.s. senator, much less a candidate
for president (actually David Icke clarifies infra); not that scrutiny of the
senate reveals a distinguished, capable bunch at all. Then of course there’s
the long history of corrupt Chicago / Illinois politics, mob / organized crime,
etc.. Wobama’s such a total fraud! Even
Puerto RICO’s on to him … Drudgereport: Protesters burn American flag during Obama visit to Puerto
Rico -- a
U.S. territory ... I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to
be with your Presidential camp, who is alleged to claim that someone claiming
to represent me called asking for $100,000, to keep me from coming forward
about our (Obama and I) November 1999 encounter of sex and cocaine use?), ...
Obama is just another Banksters' moll prostituting himself .., and that's why
he supported the grotesque bail-out of the banking system and why he will
always put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK: Obama: U.S.
Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO
BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead in Afghanistan Tops
1,500...
Marcus:
Weiner takes refuge in Rehab Nation (Washington Post) [ Drudgereport: THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep.
Anthony Weiner confessed Monday that he tweeted a photo of his bulging
underpants to a young woman, and he also admitted to "inappropriate"
excha...’ Tearful US
congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald
Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words created
quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama’s America:
Prosperity Lost President Obama, the fellow leftists in his administration,
and the Congress, nearly none of whom have ever made a viable contribution to
the Gross Domestic Product, are hell-bent on seizing complete control of the
economy.
Drudgereport:
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... REPORT: Obama campaign strikes special deal with GOOGLE
advertising... Company rep says ad program 'released to a select few clients'... FLASHBACK:
GOOGLE execs shower Obama's inaugural committee with cash...
RECESSION
WINNER: PELOSI WEALTH GROWS BY 62%...
SUMMER
SELL-OFF INTENSIFIES... Inflation
on the rise... POLL:
Retirement Americans' Biggest Worry...
OBAMA:
WHAT WAR IN LIBYA? 'No exchange of fire with hostile forces'... Lawmakers
Sue... Price
tag projected to be $1.1 Billion this year...
AHMADINEJAD
JOINS CHINA, RUSSIA AT SUMMIT... IRAN
PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Launches
satellite into orbit...
Beijing
battling protest fires on all fronts...
Greece
Crippled by Protests, Strike Over Austerity...
Greek
rating now worst in the world... CCC... Likely
Default... USA in
Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed to
Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS
SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM: More
Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow
tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned
Layoffs Up... Manufacturing
Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation... Porn actress: Weiner asked me to lie about talks... 'I
did not sext Anthony Weiner'... HUMA
AND HILLARY RETURN TO USA... New
pictures show teen Weiner cross dressing and 'oiled up'... Dems
Prepare to Strip Him...
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Despite
Today's Rally, Investors See Threat of a Market Correction at Minyanville
Investors
are in better spirits today following upbeat news about retail sales and
China's move to curb inflation, but make no mistake: the global markets remain
nervous and the risk Lloyd's Wall of Worry as an investing “FIX IT!” trading stock price
ASIAN
ECONOMIES: Channeling the voice of the legendary sportscaster Howard Cosell,
“Down goes Asia! Down goes Asia! Down goes Asia!”financial afford Chinese imports may be more toxic than that 2004 vintage
drywall they cranked out, and certainly a heckuva lot more expensive.
Top 3 Reasons Markets Were Up Big Despite Gloomy Headlines [Oh come on! ‘Better than expected data from
the … commerce department? China’s still growing, duh; which is just dandy for
defacto bankrupt america ? Solar? This is an especially great time to sell /
take profits since beyond the puff / sluff there’s much worse to come! ] ‘Wall St Cheat SheetOn Tuesday June 14, 2011, Markets closed up on Wall Street: Dow +1.03% ,
S&P +1.26% , Nasdaq +1.48% , Crude +2.12% , Gold +0.68% .
On the
commodities front, Oil (NYSE:USO ) added $2 to close just below $100 a barrel, while
precious metals were had a nice day with Gold (NYSE:GLD ) and Silver (NYSE:SLV ) both in the green.
Today’s
markets were up because:
1) Retail
sales shocked the doom-and-gloomers. Funny thing about the uber-bears is they
are spot about consumers when Oil (NYSE:USO ) spikes, but they always forget to adjust
expectations when the facts change. Today retail shorts melted first when Best
Buy (NYSE:BBY ) announced strong earnings and then when the
Commerce Department showed retail sales grew 0.3% (ex-food and gas).
2) Surprise!
China is still growing. A ton of the recent selling has been on the playbook
that slowing growth in China (NYSE:FXI ) will drag down the world economy. Well, at least the
Chinese government says China is growing just fine . That was the main
catalyst for stocks to pop today as global shorts unwound enough shares to
accommodate China’s data.
3) Solar
stocks were on fire. Google (NASDAQ:GOOG ) threw down some big support to SolarCity to
help boost growth in residential solar power (NYSE:TAN ). Check Out: Here’s Why Solar Stocks are On Fire Now .
Bonus: Will
Internet Radio and the Cloud Squash Sirius XM Radio? .’
Bearish
Signs Are Quickly Adding Up at Minyanville When the markets are in a bear phase, as they are now, it becomes
immensely important to keep our eye on certain things.
Over
the past few weeks, I have been more cautious. During that time on the Buzz & Banter ,
I outlined why I thought the market was in trouble. The simple fact is
that every characteristic that usually show up near tops in the market...
showed up. When these characteristics show up, it is time to keep an eye
out for trouble. All that has to happen is for negative price and volume to
confirm. Subtle signs showed up weeks in advance. When listening to
those who say this recent drop came out of nowhere, please take it with a grain
of salt. Here are those bearish characteristics that I've said would eventually
come back to haunt the market: Financials lead Major New Highs Divergence Defense Leads Low Levels of Cash Mutual funds Over the Top Bullish Sentiment S&P Dow Many Stock Splits and Mergers Stock Emerging Markets A Plethora of IPOs and Secondaries sales Semiconductors Finally and Most Importantly moving averages
Try
to resist the urge to listen to permabull Wall Streeters during bear
phases, as it could cost you a bundle Fox News moving
average businesses Walmart WMT Target TGT consumer The Fed is out of ammo . Interest rates are already at zero percent. Yes,
they can print more money but that only crushes the dollar and lifts
commodities, which in turn hurts the consumer. Crushing your own currency has
never worked. Seinfeld industry The
Obama administration is not dealing with a sluggish economy, it is
causing it. Markets are going down and we may have only seen the beginning
as the trust factor remains very low. Markets are quite smart in the long run.Editor's Note: Gary Kaltbaum is the author
of The Investors Edge and long-time contributor to TradingMarkets.com .’
S&P slashes Greece to lowest, says default likely (Reuters)
THE SPECTER OF DECLINE HANGING OVER THE MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey
Cooper Jun 06, 2011 http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif
cost Financial http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif
price http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif
More
Temporary Solutions To Long Term Economic Problems The lifeblood is being
sucked out of America by free trade, globalization, offshoring and outsourcing.
Over the past 11 years manufacturing jobs have fallen by 11.7 million and
440,000 businesses have been lost. Paul
tells Manchester crowd inflation will hit 50 percent Texas congressman Ron
Paul on Friday predicted that inflation will hit 50 percent in the next couple
of years, thanks to the massive debt the country has accumulated.
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow
today in the climax to the worst week in 9 years. It was also the
6th straight week of stock declines– widely understood to be a sign of
what’s to come in the economy. Even Apple, the darling of the tech world, sold
off every day this week– even in the face of Steve Jobs introduction of the
“cloud” storage of all our social media and entertainment software.All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor
Wall Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
States Use Sweepstakes to Boost 529 Plans Recession-battered 529 college-savings plans are
trying to lure investors with the chance to win thousands. [ This is more
preposterous than it seems at first blush. ]
The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed …
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart. Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg
‘Bumbling’
Economy Result of ‘Meddling’ From Leaders: Ross CNBC
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta
Is
Gold in Fort Knox Real? Ron Paul Wants to Know Are the gold bars in Fort
Knox really made of the precious metal? Or has the U.S. government secretly
sold off the nation’s stockpile and replaced it with metal bars that are only
painted gold?
Euro
Finance Chiefs Race to Avert Greek Default European finance chiefs begin
the final stage of hammering out a Greek rescue to prevent the euro area’s
first sovereign default after the country was slapped with the world’s lowest
credit rating by Standard & Poor’s.
Good
for the jobs council, good for America? Five of the biggest companies on
Obama’s jobs council, General Electric, Citigroup, Intel, Procter & Gamble
and DuPont, rely on foreign revenues for a majority of their sales — a shift
that’s occurred just in the past several years for most of these firms.
(Washington Post) [ They’re all full of s***! You might recall then att’s
chairman armstrong’s praise for his company’s clinton / china waiver. Yet, we
all know how they mocked Ross Perot whose warnings went unheeded. In
pervasively corrupt, defacto bankrupt, war criminal nation america, inherent
criminality means blatant, over-the-top greed / self-interest invariably
prevails. And, as we saw and continue to see on fraudulent wall street, crime
in america does pay, and pays well. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia
/ organized crime [ this was documented with authority in the book ‘Goombata:
The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,
Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
S&P
downgrades Greece It now has the world’s lowest debt grade, and S&P said
a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the
Greek predicament is, some very distinguished experts say: Drudgereport: USA in
Even 'Worse Shape Financially Than Greece'... CHINA:
USA 'ALREADY DEFAULTING'... TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE ARE ON
THE VERGE OF A GREAT, GREAT DEPRESSION...' Greek
rating now worst in the world... CCC... Likely
Default... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'...
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart.
National / World
CIA Expands Drone Strikes to Yemen Kurt Nimmo Bilderberg Plan to Save EU Falling Apart Paul Joseph Watson Deadly Fluoride: Hoax on the Run Infowars.com Auditors Says $6.6 Billion Missing from Pentagon Probably
Stolen LA Times
No to nuclear and
no to Berlusconi BBC
Hezbollah
Rise In Lebanon Gives Syria, Iran Sway NPR
Obama: My
family is ‘fine’ with one term Politico
Weiner
won’t go; new photos surface on Internet AP
Two U.S. soldiers
killed in Iraq Washington Post
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter
Boehner
warns Obama that Libya will violate war powers House Speaker John Boehner,
R-Ohio, sent President Obama a letter Tuesday afternoon warning him that the
operation in Libya will be violating the War Powers Resolution by this Sunday,
which marks the 90th day of U.S. military involvement in the country. Stephen
Baldwin May Run Against Alec Baldwin for NYC Mayor Alex Jones was the
keynote speaker at this year’s Talkers New Media Conference held in New York
City. Alex gave an inspiring speech to a packed house. After his speech, he ran
into Stephen Baldwin a radio talk-show host and the youngest of the four acting
Baldwins. Forget
China, Americans Have Had All Their Communications Bugged For 20 Years Outrage
over the revelation that Chinese authorities have been installing spying
devices on all dual-plate Chinese-Hong Kong vehicles is nothing compared to the
fact that Americans and European have had all their communications tracked for
at least two decades. New
9/11 Poll: Half Of New Yorkers Support New Investigation Into WTC7 Collapse A
new scientific poll reveals that almost half of all New Yorkers would support a
new investigation into the collapse of World Trade Center building 7, which
fell at free fall speed into its own footprint on the afternoon of September
11, 2001, after suffering only relatively minor fire damage. CIA Expands Drone
Strikes to Yemen The CIA is expected to begin operating armed drone
aircraft over Yemen, expanding the hunt for al-Qaeda operatives in a country
where counter-terrorism efforts have been disrupted by political chaos, U.S.
officials said. Missing
Iraq money may have been stolen, auditors say U.S. Defense officials still
cannot say what happened to $6.6 billion, sent by the planeload in cash and
intended for Iraq’s reconstruction after the start of the war. Paul:
GOP rivals bigger challenge than Obama It might be harder for Ron Paul to
beat his fellow Republicans for the opportunity to face Barack Obama than to
defeat the president himself, the Texas Republican said Monday. Bilderberg
Plan to Save Eurozone in Tatters The Bilderberg Group’s plan to rescue the
eurozone and preserve future plans for a global currency is in tatters, as the
Greek debt crisis spirals out of control and the return of national currencies
to replace the euro becomes a real possibility.
NBA
Finals 2011: Dallas Mavericks defeat Miami Heat; Dirk Nowitzki gets Finals MVP
(Washington Post) [ Who woulda’ thunk it? I ordinarily don’t comment on sports;
and, truth be told, I really don’t follow basketball except for the
championships (this was a great one) and news highlights (though I like the
game and played often prior to high school / college wrestling http://albertpeia.com/alresume.htm#ATHLETICS ). Yet, one can hardly not give it up for
the spirited Dallas Mavericks. On paper, they were given no chance; but, the
only ones who hadn’t heard those negative prognostications were the plucky
Dallas team across the board. Even the ‘little’ guys ( Barrea, Kidd ) came up
very big when it counted and when it could have gone the other way. All heart,
they deserved the great victory. We all should have known when they blew out
the lakers that they were no fluke and of their triumph to come.
Congratulations to the NBA Champion Dallas Mavericks!
Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is
just more of the same, a big smile with strings attached, and controlled
completely by those that chose him, trained him, sold him and provided his
record funding, kept his many skeletons under wraps, like the gay sex and crack
cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be
with your Presidential camp, who is alleged to claim that someone claiming to
represent me called asking for $100,000, to keep me from coming forward about
our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama
is just another Banksters' moll prostituting himself .., and that's why he
supported the grotesque bail-out of the banking system and why he will always
put their interests before the people.http://albertpeia.com/obamadeceptionhighqualityversion.flv . (Washington
Post) [ Drudgereport: SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Weiner
admits, says they were harmless... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... 'Used govt. resources'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER!
Cohen:
Fed up with favoritism toward israel (Washington Post) [ As indeed all people
worldwide should be. After all, such costly (direct and indirect) favoritism is
contraindicated in every way, particularly for defacto bankrupt america. This
fact certainly wasn’t lost on James Forrestal whose prognostication /
admonition has proven all too true. Krauthammer:
What Obama did to Israel (WP) [ The fundamental problem with Mr.
Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those land (war) and the numerous violations of u.n. resolutions
(ie., 242, 338, etc., and oslo accords, etc.), international, war crimes
(flotilla raid, etc.) since then. He thus becomes the journalistic equivalent
of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If
only one could realistically ignore the detriment the world and america have
suffered as a direct consequence of this foreign policy bent … Top
Democrats criticize Obama’s Israel policy
(WP) [ What policy … to him, just words … more b***s*** . I’ve thus far
refrained from commenting on what I’ve anticipated to be ‘just more of the
same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the
wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the United
States. Israeli actions over the past 53 years involving U.S. interests in the
Middle East seriously challenge the "strategic asset" premise of the
Israeli lobby. Some of these actions are compiled in the list that follows: ’ ] Netanyahu
lays out vision for Mideast peace (WP) [
Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at america’s
substantial cost and detriment. ]
S&P slashes Greece to lowest, says default likely (Reuters)
Top 3 Reasons Markets Were Flat as Summer Kicks into Gear
Phone taps convict three more of insider trading (Reuters)
THE SPECTER OF DECLINE HANGING OVER THE
MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey Cooper Jun 06, 2011 ‘The specter of
a decline hangs over the market; no one knows which cycle will dominate or
whether we are in a bullish correction or on the way down to test lows.These are the days it never rains but it pours... --"Under Pressure" http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif
Click
here for Square of 9 . http://image.minyanville.com/assets/FCK_Jan2011/File/wheel662b.JPG
moving
averages funds See
Square of 9 here . http://image.minyanville.com/assets/FCK_Jan2011/File/wheel661.JPG
cost Financial http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif
http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif
price http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif
More
Temporary Solutions To Long Term Economic Problems The lifeblood is being
sucked out of America by free trade, globalization, offshoring and outsourcing.
Over the past 11 years manufacturing jobs have fallen by 11.7 million and
440,000 businesses have been lost. Paul
tells Manchester crowd inflation will hit 50 percent Texas congressman Ron
Paul on Friday predicted that inflation will hit 50 percent in the next couple
of years, thanks to the massive debt the country has accumulated.Roubini
Says a ‘Perfect Storm’ May Converge on the Global Economy in 2013 A
“perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt
restructuring and stagnation in Japan may converge on the global economy, New
York University professor Nouriel Roubini said. Stocks’
plunge hits six weeks The Wall
Street slump reflects a sentiment among investors that the economic recovery is
going awry. (Washington Post) [ There never was a real recovery in economic
terms, particularly relative to costs; except, for the frauds on wall street
for whom all taxpayer largesse, ie., QE1 & 2, etc., was engineered. You
know … that wealth effect … for the frauds on wall street who did get wealthier
at everyone else’s expense. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville
U.S.
trade deficit shrinks A weak dollar drove up exports of goods and services
to record levels. Jobless
claims rise Companies are cutting staff as demand slows because of tight
credit and elevated energy prices. (Washington Post) [ Jobless claims worse
than expected and the glaring absence of the ‘800 pound gorilla’; viz., the
Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’ is
somewhat homologous, not analogous, to a footnote on an income statement for
extraordinary (ie., one time, etc.) items and structurally, nothing has
changed. Kill-Joy
Alert: Economic Data Not as Good As It Seems, Say Analysts at Forbes 6-9-11 Heather Struck ‘
Osborne
To Address Financial Elite Fresh From Bilderberg Weekend Chancellor George
Osborne will use a major speech on Wednesday to announce plans to auction off
state-owned bank Northern Rock, the Sunday Times newspaper reported. US corporate
model causing depression A recent poll revealed that almost half of the US
thinks another great depression is on the horizon. Why are Americans expecting
another economic disaster? Political columnist Harold Meyerson gives his take
on how to keep America afloat. Where are
the guillotines in Washington? The Obama administration is following the
Bush and Clinton administrations by advancing the destruction of America’s
legal and political system, spreading the criminal war on terror, and helping
private banksters rob the American people. Anonymous: Bernanke Is
Next The most well-known hacker group, Anonymous, uploaded a video message
to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign,
among other things. Steven Pearlstein Managing and even measuring a recession
becomes tricky in new, global environment.
(Washington Post) [ That depends on who’s doing the measuring. Certainly
if it’s ‘no-recession-helicopter-ben b.s. bernanke’, we now all know the great
recession that bernanke said would not occur, did; and, the QE bernanke said
would work, didn’t. The bottom line is that ‘they’, individually and
collectively haven’t the slightest idea what they’re doing, nor the slightest
clue what to do. The coverup invariably militates against the measuring. Bernanke:
Economy slowing but faster growth ahead -
AP [ Well, there you go … the new maestro, The
GOP’s deficit demands Sen. Jon Kyl offers
the most specific outline yet of Republicans’ conditions in the debt-ceiling
talks. (Washington Post) [Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta
National / World
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter
Globalist
Org Reports 15,000 Dead in Libya Kurt
Nimmo
Just
26% Favor Continued Military Action in Libya A plurality of voters now
opposes further U.S. military action in Libya, and most say President Obama
needs congressional approval to continue those operations. Ordinance
Would Force Property Owners to Surrender Keys to Government In Cedar Falls,
Iowa, the government is attempting to nullify the Fourth Amendment. The City
Council is scheduled to vote on the third and final reading of an ordinance
adopting a 2009 International Fire Code that specifies the fire chief can
require lock boxes for emergency access to keys to buildings. Obama Seeks to
Win Back Wall St. Cash A few weeks before announcing his re-election
campaign, President Obama convened two dozen Wall Street executives, many of
them longtime donors, in the White House’s Blue Room. Weiner
to seek help during leave Top Democratic leaders call on N.Y. congressman,
who said he is taking a “leave of absence,” to step down. (Washington Post) [
Sounds like a plan! Drudgereport: SEXTING WEINER OFF TO REHAB PELOSI: You gotta' go... DNC BOSS: RESIGN... Chorus to quit grows... Cops probe texts to teen girl... MSG: 'Large. Tights and cape'... Weiner admits, says they were harmless... THE NEW TACK: Dem rep sick, needs
treatment to 'make himself well'... Old Flame Calls on Him to Quit... he transcript of a
nine-month "sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core
porn industry makes billions of dollars on selling to men. You don’t want to
gag a woman with your penis unless you have some serious issues with the way
you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘[
What a total mental case! ] Even Mr. Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Syria on
the Boil, US Warship in Black Sea Seldom it is that the Russian Foreign
Ministry chooses a Sunday to issue a formal statement. Evidently, something of
extreme gravity arose for Moscow to speak out urgently. The provocation was the
appearance of a United States guided missile cruiser in the Black Sea for naval
exercises with Ukraine. Lawmakers
push for a new Afghan strategy Congressional
leaders are urging President Obama to take full advantage of progress achieved
by narrowing the focus of the Afghan mission.
(Washington Post) [ It seems they’ve taken Robert Browning to heart;
viz., that ‘a man's reach exceed his grasp’ (from a poem by Robert Browning ). Indeed,
they search for that ever elusive thing called ‘strategy’ vis-ŕ-vis the
so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a
‘mission impossible’ as a strategy implies method to this reality of their
madness. The heroin trade which they’ve ramped up (the Taliban had all but
eradicated same) and commandeered as their own has been reason enough; yet, fog
of war creates many opportunities for the american criminals despite the
defacto bankruptcy of the nation. So, for the war criminal americans, reality
certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of
the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Where are
the guillotines in Washington? The Obama administration is following the
Bush and Clinton administrations by advancing the destruction of America’s
legal and political system, spreading the criminal war on terror, and helping
private banksters rob the American people. Anonymous: Bernanke Is
Next The most well-known hacker group, Anonymous, uploaded a video message
to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign,
among other things.‘Toxic
water overflow looms at Fukushima, leaks threaten clean-up’ James Corbett,
Osaka-based editor of the independent news website, says workers at the
Fukushima nuclear plant are running out of the ability to store radioactive
water – meaning any leak may slow the recovery effort, or even undermine it. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday.
Student Loans and DOE S.W.A.T. Teams Wendy McElroy NATO Reportedly Bombs Libyan University Kurt Nimmo
Defense
innovation for a new era Debt-reduction
talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators
agree to pick up the pace of debt-reduction talks in hopes of presenting the
framework of an agreement to President Obama and congressional leaders by the
end of the month (WP) [ Sounds like a plan!
Poll:
Americans torn over debt limit
POST-ABC NEWS POLL | A large majority say the economy would probably
suffer serious harm if Congress fails to raise the federal debt limit. But
barely half support doing so, even if lawmakers also slash spending. (WP) [ I
think we’re at that point alluded to by Davis; viz., Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
High-Level
American Officials Admit that the United States Uses False Flag Terror … And
Warn of Future Attacks FBI agents and CIA intelligence officials,
constitutional law expert professor Jonathan Turley, Time Magazine, Keith
Olbermann and the Washington Post have all said that U.S. government officials
“were trying to create an atmosphere of fear in which the American people would
give them more power”.
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow
today in the climax to the worst week in 9 years. It was also the
6th straight week of stock declines– widely understood to be a sign of
what’s to come in the economy. Even Apple, the darling of the tech world, sold
off every day this week– even in the face of Steve Jobs introduction of the
“cloud” storage of all our social media and entertainment software.All this
hasn’t punctured the wishful thinking at the Fed and on Wall Street,
where corporate profits are expected to prove stock prices are too cheap.
Here’s the list of the wishful thinking items I heard or read
today;
*There won’t
be a default on US debt– or even a reduced credit rating. I have to admit
a gnawing anxiety about resolving budget cuts sufficient to raise the
debt limit by trillions. Yes, trillions. Could there really be a
political stalemate and flirtation with a crisis over our finances? I’m
beginning to think the worst of all possible worlds. China and Germany are
looking to reduce our credit rating. Comes the revolution, an overthrow of
American financial superiority.
*Oil prices
will decline and that development will allow consumers to spend
money and stimulate the economy. Maybe they will– and maybe they won’t. Rules
should installed to limit speculation in energy futures by institutional
investors.
*We are close
to a bottom in housing. My answer; we’ve been told we were close to
a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is
suggesting the loss in housing values could be another 10-20%. Goldman Sachs
called this horror story over a year ago.
* If the
economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2
failed to create jobs or economic activity. It only served to help speculators
in gold, silver and oil. There will be an outcry if QE3 is declared as it only
helps the gold lovers– and they are already filthy rich.
* The bank
stocks are selling below book value; their balance sheets are clean. It’s an
enormous buying opportunity. Then, why was there talk about busting up Morgan
Stanley today. Liquidating a major investment bank? Now, that’s a
devilish sign of serious trouble on the horizon.
*Here’s the
most unhealthy element that’s operative; corporate profits and executive
compensation have been strong– while wages for ordinary Americans are lower.
“What is to be done?” asked Lenin in 1917. Neither the White House nor Wall
Street know what to do to turn this decline around.
We are all
being challenged by a deterioration that seems to have no obvious public policy
solution. Pain is coming.’
15 Reasons Markets Cracked Below Critical Trading Levels Wall St Cheat Sheet June 11, 2011, Dow 11,951 S&P500 1,270 Nasdaq 2,643 Gold 1,532
Oil 99
‘Markets were
range bound Monday through Thursday until taking a dive Friday. Oil (NYSE:USO ) couldn’t stay above $100 a barrel. Gold (NYSE:GLD ) and Silver (NYSE:SLV ) shed a few points as the US Dollar (NYSE:UDN ) had a little rally.
Fresh Off the
Press: Wall
St. Cheat Sheet’s newest Feature Trades of the Month !
Now, for the
15 reasons markets moved this week:
Monday
1) Banks
spooked a low volume market. Famed investors John
Paulson and David Tepperare offloading their holdings in financial
institutions . Bank of America (NYSE:BAC ) and Citigroup (NYSE:C ) are still under major scrutiny for their books.
And, Goldman Sachs (NYSE:GS ) can’t shake the threat of major lawsuits. All that
was enough to put financials (NYSE:XLF ) in a tailspin for the day.
2) Apple WWDC
took center stage. Tech titan Apple (NASDAQ:AAPL ) announced all their big new items for the
acolytes. iCloud, iTunes Match, and the new iOS 5 were all stars of the show.
We covered the event live
in detail , then put together your
Cheat Sheet to everything you need to know about WWDC .
3) Airlines
and Autos were a major drag. The International
Air Transportation Association offered up bad news as profit outlooks
were slashed due to the disaster in Japan (NYSE:EWJ ), the Grimsvotn volcano ,
and rising fuel costs (NYSE:USO ). On the ground, General Motors (NYSE:GM ) hit fresh 52-week lows, down 1.92% to $28.56.
Tuesday
1) Bernanke
admitted the economy was slowing. Well, he admitted it then said he thinks
growth will be back soon. Don’t worry, soon. Although lustful traders were
hoping for some huge QE3 announcement, Bernanke
still gave us more QE 2.5 where the Fed will continue buying securities and
accommodating the financial markets as needed. Can someone say, ZIRP?
2) E3 took the
baton from Apple. Yesterday Apple held the tech spotlight, but today the
exciting video game sector was front and center. Microsoft (NASDAQ:MSFT ), Sony (NYSE:SNE ), Nintendo and all the big game makers started
pulling back the curtain on what gamers will die for during the holiday season
(Check Out: E3
Wrap Up. And the Winners are … ). That’s 180 degrees away from former tech
darling Research in Motion (NASDAQ:RIMM ) which
keeps crashing and burning .
3) Another
Economic Advisor gone. Austan Goolsbee will be leaving his position as chairman
of the White House’s Council of Economic Advisers. Wall St. Cheat Sheet
Assistant Editor Emily Knapp explores the deeper question, “Why
is Obama’s Economic Team Bailing Out? ”
Wednesday
1) OPEC. Crude
(NYSE:USO ) had been down the last few days in anticipation
of OPEC increasing the cap on production. But this morning when they decided to
maintain production restrictions at current levels, it was the only big
financial news release, so oil futures skyrocketed while everything else
remained relatively still. See
Why It’s All About That Texas Tea.
2) Tech has
been unimpressive, at best. With no really big news or cool new gadgets coming
out of Apple’s (NASDAQ:AAPL ) Worldwide Developers Conference, Nokia (NYSE:NOK ) continuing its downward spiral, the legality of
the AT&T’s (NYSE:T ) buyout of T-Mobile still being debated, and a host
of unimpressive numbers from companies like Microsoft (NASDAQ:MSFT ) and LinkedIn (NYSE:LNKD ), the usually booming tech sector has been taking
a bit of a vacation this week.
3) The Beige
Book. The Federal Reserve released the Beige Book this afternoon, a snapshot of
the country’s economic condition. Unsurprisingly, we’re not doing that great.
Progress has slowed in just about every sector while many companies are facing
higher input costs, passing them on to consumers in the form of higher prices.
Nothing dampens the market like reminding people just how bad things are.
Thursday
1) Economic
Indicators. This morning data from the Federal Reserve showed the trade
deficit is narrowing . That got markets off to a good start. The
positive news was followed up by better than expected wholesale inventory
reports and significant decreases in consumer debt. Not all good news on the
macro-economic front though as initial
jobless claims were slightly worse than expected and the Fed reported a
missing $6.6
trillion dollars in consumer wealth since 2007.
2) Mining and
Agriculture led the way. In spite of reports that corn (NYSE:CORN ) reserves are at the lowest levels since the 1970s,
Mining and Agriculture (NYSE:RJA ) stocks largely out-performed the market today. A
report from PriceWaterHouseCoopers indicating revenues in mining companies are
shooting “through
the roof ” sparked the bulls in the sector, and stocks such as Deere &
Company (NYSE:DE ) and Mosaic (NYSE:MOS ) posted big daily returns.
3) The
Financial Sector took a breather. Bruised and battered financials (NYSE:XLF ) finally took a day off from losses, with the
sector also out-performing the market on the day. Bank (NYSE:KBE ) stocks were up across the board in spite of new
pending lawsuits for Morgan Stanley (NYSE:MS ) and Goldman-Sachs (NYSE:GS ), and a hacker-assault
on Citigroup (NYSE:C ) that compromised information of over 200,000
customers. Income from banks’ debit card transaction fees is also set to take
a big hit when the Dodd-Frank reforms go into effect next month, but
analysts believe those estimates have already worked their way into pricing.
Friday
1) Oil
Production is up. Saudi Arabia curbed oil supply fears later in the day by
announcing they would step to the plate and up oil production significantly.
The drop in oil prices was somewhat extreme given yesterday’s data that for the
first time in history oil
consumption outpaced production in 2010.
2) Dollar
prices firm. The dollar (NYSE:UUP ) finished the day up 1.23% versus the Euro, + .05%
versus the Yen, and +.09% against the Pound. Currency values surged on news
that QE3 probably isn’t coming anytime soon. The same news also sent investors
into a panic and prompted stock sell-offs.
3) Bad news
overseas. A number of reports of weak economic data came in today from across
the pond in England (NYSE:EWU ), where UK manufacturing output was significantly
lower than expected. Worries continued to swirl amid default concerns related
to Greek Debt and ECB offered little reassurance. News from Asia was crappy too
as Chinese markets (NYSE:FXI ) were growing slower than expected and a trade
surplus was below-par level expectations, Korean bank (NYSE:EWY ) raised its interest rates, and industrial
production slowed in India (NYSE:IFN ). The aggregate news combined to put a damper on
the market…’
Minyanville's
T3 Weekly Recap: Market Extends Weekly Losing Streak to 6 at Minyanville
Top
3 Reasons Markets Faltered as Dow Dips Below This Psychological Level Wall St. Cheat Sheet
Is the Stock
Market Signaling a Double-Dip? ETFguide June 10, 2011, Over the past few
weeks various economic indicators have been building a coffin for the U.S.
economy. Could Friday's unemployment figures be the last nail?
Before we
entertain the much dreaded D-D word (Double Dip), let's take a look at some of
the economic numbers and see if it's really that bad.
Housing
Market
May's data for
housing was all bad. It started out with weak housing starts reported on May 17
and continued with worse than expected pending home sales (May 27) and an
S&P/Case-Shiller Home Price Index that dipped to the lowest level since
March 2003.
The
discrepancy between the performance of real estate (NYSEArca: IYR - News ), REIT ETFs (NYSEArca: VNQ - News ), and the actual real estate
market has long highlighted the absurd power of QE2 to lift stocks but leave
the rest of the economy in the dust.
The chart
below shows the performance of the S&P/Case-Shiller Home Price Index
(20-Composite).
http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif
Unemployment
This weekend's
Wall Street Journal put a positive spin on the jobless report and simply
stated: 'Job market loses momentum.' If you really look at the numbers, you'll
see that the jobless recovery never had any momentum.
It's taken a
lot of lipstick and statistical alchemy, such as excluding workers that
have been out of a job for more than 99 weeks and simply decreasing the
workforce, to keep this 'pig' more presentable than it really is.
Consumer
Confidence
Consider this
for a moment. In May 2011, small caps (NYSEArca: IWM - News ) and mid caps (NYSEArca: MDY - News ) reached an all-time high. I
won't spend time pointing out how contradictory this is to the global economic
(NYSEArca: EFA - News ) picture.
Despite
certain segments of the market being at all-time highs and the Dow Jones (DJI:
^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) at new recovery highs,
the Consumer Board's Consumer Confidence Index was at a dismal 60.8 in May.
http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif
As the above
chart shows, the average reading since 1967 is 94.5. The current reading is
lower than it was after the 9-11 attacks and about as low as in 2002. Consumer
spending accounts for 75% of GDP. What happens if the consumer doesn't feel
confident?
Worse
than Expected
Other worse
than expected numbers in May came from the Empire State Manufacturing Survey,
Redbook Retail Survey, Philly Fed Survey, Durable Goods Orders, GDP, Chicago
PMI, and the ISM Manufacturing Report.
They were
worse than expected because economists - who are generally bullish at the top
and bearish at the bottom - expected much better numbers. Thanks to Citigroup,
it is now possible to quantify just how right or wrong economists are.
The Citigroup
Economic Surprise Index measures actual data outcome relative to consensus
expectations. A positive index reading means that economic releases have, on
balance, been beating consensus estimates. As of June 2, the index was at -91
(see chart below).
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif
Dare to
be Different
Unlike most
economists, the ETF Profit Strategy Newsletter expected the market to peak out
after an April rally. Following a low-risk entry against major Fibonacci
support at 1,255 in March, the S&P formed a rare bullish dragonfly doji.
The Newsletter's forecast for the month of April (issued on April 3) read as
follows:
'A dragonfly
doji generally carries bullish implications. Considering the overall technical
picture and the bullish April seasonality, higher prices seem likely and odds
favor a buy the dips strategy over the next 1-3 weeks. There is a fairly strong
Fibonacci projection resistance at 1,369. In terms of resistance levels, the
1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a
reversal of potentially historic proportions.'
The importance
of 1,369 was re-emphasized again on May 1, with a recommendation for aggressive
investors to short the S&P against 1,369. Following a 46-month low in the
VIX (Chicago Options: ^VIX) on Friday April 29, the S&P topped on Monday
May 1, at 1,370 and hasn't really looked back since.
Adjusting
the Sensors
The purpose of
any sensor, gauge, or indicator is to signal trouble before it happens. A
'Check Engine' light doesn't help much if it lights up after the engine
blows. The proverbial canary in the coal mine is vital because it smells toxic
gases before anyone else does.
Unfortunately,
Wall Street doesn't subscribe to the concept of prevention, and neither do
economists. If they did, there wouldn't have been a 2002 tech crash (NYSEArca: XLK - News ), a 2005 real-estate crash,
or a 2007 financial crash (NYSEArca: XLF - News ).
Many economic
indicators (and the economy) never really recovered. Normally this is reflected
in stock prices. However, like a muzzle, QE2 has restrained the stock market
from expressing its feelings freely.
Perhaps there
is hope that Mr. Bernanke will unleash some version of QE3, but now is not the
time to base investment decisions on hope. After a 100%+ rally from the 2009
low, the easy money has been made.
Profiting in
the years to come won't be a piece of cake and may require more than the Wall
Street Journal's list of 1,000 biggest stocks and a dart…’
Ron Paul
says inflation will hit 50 percent New
Hampshire Union Leader
Stocks
Fall on Dow’s Longest Slump Since 2002 Bloomberg
Many
of us won’t be able to retire until our 80s Marketwatch.com
Debt-reduction
talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators
agree to pick up the pace of debt-reduction talks in hopes of presenting the
framework of an agreement to President Obama and congressional leaders by the
end of the month (Washington Post) [ Sounds like a plan! Poll:
Americans torn over debt limit
POST-ABC NEWS POLL | A large majority say the economy would probably
suffer serious harm if Congress fails to raise the federal debt limit. But
barely half support doing so, even if lawmakers also slash spending. (WP) [ I
think we’re at that point alluded to by Davis; viz., Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
U.S.
trade deficit shrinks A weak dollar drove up exports of goods and services
to record levels. Jobless
claims rise Companies are cutting staff as demand slows because of tight
credit and elevated energy prices. (Washington Post) [ Jobless claims worse
than expected and the glaring absence of the ‘800 pound gorilla’; viz., the
Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’ is
somewhat homologous, not analogous, to a footnote on an income statement for
extraordinary (ie., one time, etc.) items and structurally, nothing has
changed. Kill-Joy
Alert: Economic Data Not as Good As It Seems, Say Analysts at Forbes 6-9-11 Heather Struck ‘
The data
showed that the U.S. trade deficit narrowed to $43.68 billion in April, a 6.7%
drop from the month before. The drop was fueled by a $3.7 billion drop in oil
imports to the U.S., which has been dealing with higher energy prices. Kevin
Logan, chief U.S. economist for HSBC, says this detail makes the data less a
predictor of future growth than it usually would be.
“Normally an
improvement in the trade balance leads to an increase in estimates of GDP
growth in the quarter. But if the trade balance is improving because of an
across-the-board drop in demand for oil products there should be little impact
on GDP growth,” Logan said.
U.S. exports
grew 1.8% to $153.3 billion in April, the Commerce Department said. However, a
portion of that may be attributed to plant closures in Japan following the
earthquake and tsunami there, moving supply-chain momentum to the U.S.
On top of a
separate report from the Department of Labor Thursday that showed that jobless
claims were at a two-month low last week (See “Jobless
Claims Inch Higher ”), the data nonetheless helped to move markets broadly
up, with the biggest gains in the Dow, which gained more than 1% by 2:00 p.m.
in New York to 12,172. U.S. Treasuries have been falling since the morning,
however, the yield on the 10-year bonds reaching 3.01% after a lengthy streak
below the 3% mark.
To round off
the day’s economic news, ECB President Jean-Claude Trichet used the words that
everyone was waiting for – “strong vigilance” – in a talk Thursday morning,
signalling that an interest rate hike may be coming for the central bank of the
EU. The euro, in response, dipped 0.5% against the dollar today to 1.4506.’
Well,
it’s official. U.S. stock prices have fallen for six weeks in a row. So will
next week make it seven? The last time stocks declined for seven weeks in a row
was back in May 2001 when the “dot-com” bubble was bursting.
4 Comments
China
ratings house says US defaulting: report A Chinese ratings house has
accused the United States of defaulting on its massive debt, state media said
Friday, a day after Beijing urged Washington to put its fiscal house in order. Time to take a
chainsaw to spending America is the largest debtor nation in the history of
the world. As the country goes deeper into the hole, how worried should we be?
Congressmen shouldn’t be worried about our credit rating, says Quantum Fund’s
Jim Rogers. The
Handling of the Economic Crisis May Lead to Civil Unrest CNN’s Jack
Cafferty notes that a number of voices are saying that – if our economy
continues to deteriorate (which it very well might) – we are likely headed for
violence, and civil unrest is a growing certainty.
National / World
6
in 10 Americans Now Oppose Obama’s War in Libya The Atlantic
Globalist
Org Reports 15,000 Dead in Libya Kurt
Nimmo
‘Libyan
gold was globalist game all along’ NATO is continuing its barrage of the
Libyan capital, with no sign there will be any let-up until Colonel Muammar
Gaddafi goes. Western and Arab countries are showing their support for the
Libyan opposition by pledging more money.
Charlie Skelton Reacts to Astounding Bilderberg
Confrontation Footage Interview With Swiss Politician Dominique Baettig Who
Confronted Bilderberg Infowars Male Prostitutes Service Bilderberg Members at Elite Summit? Paul Joseph Watson Mentally Disabled Man Considered Terrorist by TSA Kurt Nimmo
Locating
Bilderbergers Infowars.com
Texas
Sheriff’s Office Issues Domestic Terrorism Warning The Bandera County
Sheriff’s Office issued a warning Thursday to citizens about an anti-government
movement known for acts of domestic terrorism. Bilderberg
Behind Rick Perry 2012 Run Texas Governor Rick Perry is dipping his toes
into the 2012 presidential race, coincidentally, as the Bilderberg conference
convenes in St. Moritz, Switzerland. Bilderberg, notorious kingmakers in the
U.S. and Europe, tapped Perry in 2007, inviting him to the conference meeting
in Istanbul and presumably vetting him for higher office. Has his moment now
arrived?
The
Senate’s sound of silence “Quorum
calls” usually do nothing besides fill up empty minutes; this year, there are
more of them. (Washington Post) [ Ah,
yes! When there is complete silence, freedom will ring; after all, they can’t
muck up what they’re not in session to f***up!
Milbank:
Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate came
to order. Forty-one seconds later, it adjourned. During this legislative
session, there was no bill under consideration, no debate on the floor, not
even an opening prayer or a pledge of allegiance. The only senator in the chamber
was Mark Warner (D-Va.), the presiding officer.
‘After completing his gavel duties, Warner looked up at the 20 tourists
in the public gallery and wondered aloud to the clerk what the spectators must
think of the proceedings.“They think, ‘this is our government?’ ” the clerk
replied. That’s if they’re being charitable. The Senate is supposed to be in
Memorial Day recess this week. But the chamber is so ungovernable that Majority
Leader Harry Reid doesn’t even have the votes to declare a recess. So he decided
instead to have a few “pro forma” sessions, such as Tuesday’s, allowing
senators to take a vacation without voting for it. In a sense, the Senate has
been in a pro-forma session all year…’ Now who’s being charitable … I’d say Mr.
Milbank in his euphemistic description supra as well as his unflinching defense of wobama the b (for b***s***)
despite wobama’s reneging on virtually all his campaign promises / rhetoric to
the nation’s unequivocal detriment. Thus, it is indeed Mr. Milbank,
journalistically speaking, who as well clocks in to clock out. Simply put,
wobama is nothing less than the worst of the democratic platform combined with
the worst of the republican platform. At near single digit approval rates for
congress, I find it difficult to imagine a realistic approval rate for wobama
exceeding same. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Ex-NSA
official avoids jail time Accused leaker Thomas Drake will plead guilty to
a misdemeanor; other charges will be dropped. (Washington Post) [ This man
deserved an award or medal while the nation destroying big wall street frauds
have been too connected to fail or jail. The failed story of pervasively
corrupt, defacto bankrupt america. The story of decline and fall of a nation. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville
Beating
Obama Should the GOP attack his leftist ideology or his failed leadership?
(Washington Post) [ How about all of the above and more. Clearly an anti-bush,
left-leaning wobama the b (for b***s***) would have been good for this country
and the world had he only done what he campaigned on and promised to do; yet,
he’s been little more than ‘bush 2 or 3’ and not even bush light, and hence,
also a failed president. There’s very little difference between the parties
when ‘push comes to shove’. Indeed, the incumbent ‘comradery’ with an ever
vigilant eye toward only staying in office militates against the courageous
action necessary to lessen the magnitude of the damage they’ve already done and
continue to do, both by misguided action and inaction. …
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally
the american century (obviously for israel the latter half century). Yet, such
a conditioned psychopathic approach to global matters has led them
self-destructively, self-defeatingly, and ineluctably to decline, fall. ..
Orwellian approach fostered by the purveyors of global unrest; viz., israel,
america, Orwellian england, etc.;more specifically, diversion of the masses
from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Weiner: What a total mental case! What can you expect from national sinkhole new york
(new york / new jersey metro area).
Jon
Stewart’s cutting Weiner satire “The
Daily Show” host stopped pulling punches and made himself the star of the
story. (Washington Post) [The comedic gift that keeps on giving …‘what’s in a
name?’ On the serious side, it’s a psychoanalytic field day; what a total
mental case! Pressure
ramps up on Weiner to resign Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy] New
X-rated Weiner photo hits web... Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings ,Volkman DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! What can you expect from national sinkhole new york
(new york / new jersey metro area). ] Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were routinely
exposed by ‘italians’ in the new york d.a.’s office over the objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings ,Volkman REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Germany’s
hard line on Greek bailout Officials
are demanding that private investors contribute a “substantial” amount toward
any new bailout. (Washington Post) [ Private, as in non-Greeks? Demand? Sounds
to me like something’s rotten in the state of ‘euro-mark’ … and in defacto bankrupt
america … Obama
Presses Europe, Pledges Help for Greek Crisis CNBC | Obama
offers bailout money for Greece. [ Why
doesn’t he just send them a u.s. dollar printing press; you know, one of the
old ones since only $100 presses are used in the u.s. now. Such largesse, as
the bankrupt lead the bankrupt.] Albert
Edwards: Bear market could take S&P down to 450 Posted by Prieur du
Plessis under Investment , Stocks
‘I have not referred to my friend Albert Edwards’s views for a while.
Given the rather difficult juncture at which the U.S. stock market finds
itself, I thought it opportune to consult with the big guy over at Société Générale In short, Albert sees that the structural bear market in equities has
not yet reached bottom. “We have long said that the de-bubbling process would
end only when equities become very cheap and revulsion in equities as an asset
class hangs in the air like a fog,” commented the famed strategist.
“Equity investors are in for a rude shock. The global economy is sliding
back into recession and they are still not even aware that these events will
trigger another leg down in valuations, the third major bear market since the
equity valuation bubble burst. We will return to the valuation nadir last seen
in 1982, with the S&P bottoming around 450.”
Albert is never short of drawing analogies: Investors’ continued
optimism “as the equity bloodbath of the last decade enters its final, even
bloodier phase” reminded him of the Black Knight in Monty Python & the Holy Grail . “Despite being
grievously wounded by King Arthur, the Black Knight makes light of his injuries
which he dismisses as a flesh wound. The vast bulk of the investment industry
fails to appreciate that we are locked in a structural bear market and about to
enter Act III,” he concluded.’
US
Is Nearing Even Worse Financial Crisis: Jim Rogers Margo
D. Beller ‘The U.S. is approaching a
financial crisis worse than 2008, Jim Rogers, chief executive, Rogers Holdings,
warned CNBC Wednesday.“The debts that are in this country are skyrocketing,” he
said. “In the last three years the government has spent staggering amounts of
money and the Federal Reserve is taking on staggering amounts of debt…’
Oil
price rises sharply after Opec meeting collapses in disarray Guardian
U.S. Trade
Deficit Unexpectedly Narrows Bloomberg
Initial
Jobless Claims Rise by 1,000 at
TheStreet
US
Trade Deficit Narrows, But Does This Amount Matter? Wall St. Cheat Sheet
Top 3 Reasons Markets Bounced Back After 6-Day Losing Streak
AAII
Sentiment Survey: Pessimism Spikes Wall
St. Cheat Sheet
10
Reasons the Market Pullback Will Continue
Americans Don’t Believe Government Lies: “Forty-Eight
Percent Say That Another Great Depression Is Likely To Occur In The Next Year …
More Than Eight In Ten Americans Say That The Economy Is In Poor Shape” Federal
Reserve chairman Ben Bernanke says that jobs and growth will pick up in the
second half of the year.
10
Signs That Wall Street Is About To Go Into Panic Mode Can you smell the
fear? Right now world financial markets are visibly nervous and many are
worried that Wall Street is about to go into panic mode. Here
It Comes: Obama Considering Another Fiscal Stimulus Bolded bullets aside,
good luck passing another fiscal stimulus Dear President when you can’t even
issue debt without stealing money from government retirees. Senators
seek crackdown on “Bitcoin” currency Two senators are pressing federal
authorities to crack down on an online black market and “untraceable” digital
currency known as Bitcoins after reports that they are used to buy illegal
drugs anonymously.
National / World
18
Signs The Collapse Of Society Is Accelerating As the U.S. economy
collapses, the thin veneer of civilization that we all take for granted is
going to begin to disappear. In fact, there are already an increasing number of
signs that the collapse of society is accelerating.
Bilderbergers Build Wall to Hide Attendees Kurt Nimmo High Quality Bilderberg 2011 Video & Photos, St.
Moritz Infowars Europe Marches on Bilderberg Tyrants Infowars.com
Obama
loses bin Laden bounce; Romney on the move among GOP contenders (Washington
Post) Steven
Pearlstein (Washington Post) [ Yeah! I do think Mr.
Pearlstein has touched upon an obscure if not fine line which does indeed
undermine faith in the Romney candidacy. After all, after ‘wobama the b’ (for
b***s***) it’s ‘voter beware’ like never before. The pandering to the israeli
lobby, zionists, neo-con right wing is so unctuous and transparent that it
substantially undermines his otherwise ‘desirability factors’ as a candidate.
Wobama is a grim reminder of the damage that not doing as pledged can do to
this nation particularly, and other nations less directly (ie., mideast, euro
zone, etc.). As such, for one to support Romney in light of his indefensible,
misguided israeli stance, they’d be put in the untenable position of believing
that he didn’t mean what he said; or, put another away, that they don’t believe
what he said. Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500...
OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA . This despite the defacto bankruptcy of the
nation. It is time to tell the mentally deficient at the pentagon along with
other war mongering neocons that the days of their easy money, fog of war
thefts (ie., 360
tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously fat budgets are over. Stated another
way, math, economics, and finance count. I’d say law should count but we all
know that’s not the case in meaningfully lawless america (The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed). Obama
is committed to Israel (Washington Post) Rahm Emanuel He’s been invested
since his first days in office.{Yes! I do believe this is among the few
instances when emanuel is telling the truth; and, pervasively corrupt, defacto
bankrupt america has the red ink, red blood (of u.s. soldiers), and failed
geopolitical strategy to prove it.}
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico
House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Low
hopes for Afghanistan Ryan Crocker
didn’t dissuade the pessimism.
(Washington Post) [ Pessimism? How about reality! Think of the most
optimal conclusion there as measured against the cost. Not worth it! And, keep
in mind an optimal conclusion is highly unlikely. Hence, at this precarious
point in pervasively corrupt, defacto bankrupt america’s history, hopes just
don’t cut it; and, are wholly insufficient to justify such costly, ill-founded,
misguided policy. Report:
Afghan nation-building effort in peril
EXCLUSIVE | Hugely expensive U.S. effort has had only limited success
and may not survive an american withdrawal, according to the findings of a
two-year congressional investigation to be released Wednesday. (Washington
Post) [ Has everybody lost their minds?
‘(Afghanistan) may not survive an american withdrawal’? How about the reality
that Afghanistan might not survive a continued american presence; and, ditto
for the occupiers, viz., defacto bankrupt america hemorrhaging red ink
therefrom and more. I’d call what they’re doing, ‘nation-destroying’ which
reality is not lost on the people affected.… 6th
soldier charged in plot to kill Afghan civilians (WP)
Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pressure
ramps up on Weiner to resign A
handful of Capitol Hill Democrats call for the New York congressman to step
down. (Washington Post) [ Weiner's
political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's
prospects for political survival dimmed precipitously on Wednesday with the
appearance on the Internet of an X-rated photo said to be of the congressman —
and the first calls from fellow Democrats for him to step down. Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy …] New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls
Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he still
wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on her.Kramer
walked in to Weiner’s office, announced herself as being from CBS 2 in New York
City and said she’d like to see the congressman. Those few words created quite
the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Albert
Edwards: Bear market could take S&P down to 450 Posted by Prieur du
Plessis under Investment , Stocks
‘I have not referred to my friend Albert Edwards’s views for a while.
Given the rather difficult juncture at which the U.S. stock market finds
itself, I thought it opportune to consult with the big guy over at Société Générale In short, Albert sees that the structural bear market in equities has
not yet reached bottom. “We have long said that the de-bubbling process would
end only when equities become very cheap and revulsion in equities as an asset
class hangs in the air like a fog,” commented the famed strategist.
“Equity investors are in for a rude shock. The global economy is sliding
back into recession and they are still not even aware that these events will
trigger another leg down in valuations, the third major bear market since the
equity valuation bubble burst. We will return to the valuation nadir last seen
in 1982, with the S&P bottoming around 450.”
Albert is never short of drawing analogies: Investors’ continued
optimism “as the equity bloodbath of the last decade enters its final, even
bloodier phase” reminded him of the Black Knight in Monty Python & the Holy Grail . “Despite being
grievously wounded by King Arthur, the Black Knight makes light of his injuries
which he dismisses as a flesh wound. The vast bulk of the investment industry
fails to appreciate that we are locked in a structural bear market and about to
enter Act III,” he concluded.’
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not
alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! ‘ Here's
The Proof U.S. Companies Are Taking Jobs Abroad at Forbes Robert Lenzner StreetTalk ‘The jobs are going to the foreign affiliates
of U.S. companies in far greater numbers than the jobs that are created for
U.S. affiliates of U.S. companies. The proof of the pudding is in a chart
below, recommended to Forbes by the Ewing Marion Kauffman
Foundation in Kansas City, that is recognized as a fountain of research
and ideas about entrepreneurship. The more the entrepreneurship, the more
the jobs, the more the success of the U.S. economy.http://blogs-images.forbes.com/robertlenzner/files/2011/06/lenzners-chart.png
Since 1982 the
index of jobs going to the foreign affiliates of U.S. companies has risen
some 80% from a low of 100 in 1982 to 180 currently. By comparison, the index
of jobs at the U.S. affiliates of U.S. companies rose from 100 in 1982 to a
peak of 130 in 2000–before the tech bubble and the housing bubble– and in
the last decade has fallen back to 110. This means the number of jobs created
by US companies inside the nation has risen by only 10% over 30 years.
By another
comparison, the jobs created by new small business in the U.S. has increased by
20 million over the 1980-2005 period. We will try to determine if this
rate of job creation is continuing. Obviously, something must be done to reduce
the unemployment rate of 9.1%– as well as the underemployed rate of 15-20%.
Kauffman’s
Dane Stangler, director of research, believes many of these new jobs were
created by employees, who lost their positions at a large company, and t
hen went into business for themselves. This probably won’t be sufficient to
dent the unemployment rate today.
Public policy
measures like the Fed’s quantitative easing and the Obama administration’s
Recovery Act just did not pack sufficient wallop to get the job done. “To
bring the unemployment rate down, GDP growth needs to be more rapid,” Christina
Romer, former chairman of Obama’s economic advisors, said recently in a speech.
“We need to be adding not 100,000 to 200,000 jobs a month, but more like
400,000 or even 500,000 per month.”
QE2, Romer
insisted,”came a year too late,” and the Recovery Act “wasn’t big enough.” ‘
Beige
Book: Fed's Snapshot Shows Scuffling Economy at Forbes Steve Schaefer ‘ Ben Bernanke
that touched on everything from the economic
soft patch to commodity inflation to bank
regulation , the Federal Reserve released its the Beige
Book for its June 21-22 meeting. The snapshot of economic conditions from
the central bank’s 12 districts supported the chairman’s view of a continuing,
though decelerating, recovery.
Dallas was a
bright spot, the lone district to indicate growth is speeding up, while New
York, Philadelphia, Atlanta, and Chicago all noted slowing growth. Consumer
spending turned mixed since the last Beige Book released April 13, which comes
as little surprise as households continued to feel the pinch of higher prices
at the pump even as crude oil eased back below the $100 threshold ...
The report
noted some challenges in auto sales attributed to supply disruptions from
March’s natural disaster in Japan. Automakers like GM, Ford and Toyota have
acknowledged the impact of such disruptions, but the effect is likely
temporary.
There was
nothing to write home about in the housing portion of the report, as Fed
districts reported “widespread weakness” in residential construction and real
estate, though rental housing conditions have strengthened and let to a pickup
in development. Loan demand was steady to stronger, the Fed says, amid broad
improvement in credit quality, which should come as little surprise given the
massive post-crisis deleveraging undertaken by households and businesses that
continues apace.
Other segments
of the Beige Book offered further confirmation of trends that are
well-established. Manufacturing growth continues, but at a slower pace, the
labor market is lackluster at best and companies are facing challenges in
passing along higher input prices – like oil, agricultural commodities and
industrial metals – to customers.
The release of
the Beige Book comes with U.S. stocks trying, and failing to break a losing
streak. Ninety minutes to the close the major indexes were near session lows
with the Dow Jones industrial average off 12 points at 12,059, the S&p 500
4 points at 1,281 and the Nasdaq 23 points at 2,679.
Earlier
Wednesday, concerns of slower growth continued to surface in the government
bond market as an auction of $21 billion in 10-year Treasury notes drew a yield
of 2.97% amid strong demand. The rate was the lowest since November.’
Oil's
Path Is Only Up From Here: Analyst at
Forbes Heather Struck ‘
In May Saudi
Arabia boosted its output by 450,000 barrels a day to 9 million barrels
of oil in order to meet supply levels. In the U.S. demand has been growing
robustly, at 19.2 million barrel per day.
Energy stocks
are seeing gains for two Dow components – Exxon Mobile and Chevron – which were up 2% and 1% respectively Wednesday.
While gasoline
and energy push up demand at a robust pace, supply is facing headwinds. Libya
has ceased production while its nation undergoes a forceful change of
leadership, and Russia’s production is spotty.
“Production is
going to be erratic for the rest of the year” says Amrita Sen, an energy
analyst for Barclays Capital. There will pockets of weakness in the Middle East
and China, and there will be pockets of strength in the U.S., Canada and
Brazil.
If oil prices
were going to be stabilized through production levels, it would have been at
the OPEC meeting today, where Middle Eastern nations such as Iran and Saudi
Arabia argued over politics. After the talks failed, “everything is [up to]
Saudi Arabian policy,” according to Sen.
In a May 26
note, Sen said the OPEC meeting would be a test for oil prices for the
remainder of the year
The trigger for the
next move higher, in our view, could be the upcoming OPEC meeting on June 8,
where the lack of a proactive approach to mitigating the shortfalls in the
market could serve to significantly tighten balances.
Investors seemed to take that possibility into
account Wednesday, as West Texas intermediate crude moved up 1.8% to $100.85 a
barrel, while Brent crude eased slightly from the day’s high, landing at
$117.85.’
Top
3 Reasons Markets were Down While OPEC Pushed Oil Up Wall St. Cheat Sheet
June 8, 2011, 5:13 pm EDT
Markets closed
down on Wall Street: DJI -0.18% SP500 -0.42% Nasdaq -0.97% Gold - 0.41% Oil
2.05% .
On the
commodities front, Oil (NYSE:USO ) rocketed up past $100 a barrel after OPEC decided
not to increase a cap on oil production, while precious metals were down
with Gold (NYSE:GLD ) ending regular trading down 0.41% and
Silver (NYSE:SLV ) down 0.25% at close…
Today’s
markets were mixed because:
1) OPEC. Crude
(NYSE:USO ) had been down the last few days in anticipation
of OPEC increasing the cap on production. But this morning when they decided to
maintain production restrictions at current levels, it was the only big
financial news release, so oil futures skyrocketed while everything else
remained relatively still. See
Why It’s All About That Texas Tea.
2) Tech has
been unimpressive, at best. With no really big news or cool new gadgets coming
out of Apple’s (NASDAQ:AAPL ) Worldwide Developers Conference, Nokia (NYSE:NOK ) continuing its downward spiral, the legality of
the AT&T’s (NYSE:T ) buyout of T-Mobile still being debated, and a host
of unimpressive numbers from companies like Microsoft (NASDAQ:MSFT ) and LinkedIn (NYSE:LNKD ), the usually booming tech sector has been taking
a bit of a vacation this week.
3) The Beige
Book. The Federal Reserve released the Beige Book this afternoon, a snapshot of
the country’s economic condition. Unsurprisingly, we’re not doing that great.
Progress has slowed in just about every sector while many companies are facing
higher input costs, passing them on to consumers in the form of higher prices.
Nothing dampens the market like reminding people just how bad things are.’
Bernanke:
Economy slowing but faster growth ahead -
AP [ Well, there you go … the new maestro, The
GOP’s deficit demands Sen. Jon Kyl
offers the most specific outline yet of Republicans’ conditions in the
debt-ceiling talks. (Washington Post) [Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Remember: ‘Sell
in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
OPEC
Talks Break Down, No Deal to Lift Oil Supply OPEC talks broke down in
acrimony on Wednesday after Saudi Arabia failed to convince the cartel to lift
production, sparking a rebound in global oil prices. Asleep at the wheel During a
press conference with German Chancellor Angela Merkel, President Obama stated,
“I’m not concerned about a double-dip recession. I am concerned about the fact
that the recovery that we’re on is not producing jobs as quickly as I want it
to happen.” Obama’s
Failure to Fill Economic Posts Is an Unforced Error - Daniel Gross, Y! Finance
Fine
Print of Goldman's Subprime Bet - Andrew
Ross Sorkin, NYT
Timothy
Geithner, the persuader Many wondered if Geithner would last. Now he’s a
central figure in Obama administration. (Washington Post) [ The persuader?
Yeah, anything but what tiny tim’s supposed to be … because … nothing succeeds
like failure in pervasively corrupt, defacto bankrupt america. After all,
central figure in wobama’s administration doesn’t say much … Obama's rating on economy hits new low: poll (Reuters) Obama: No fears of double-dip recession (AP) [He’s so ‘brave’,
he has no fear; and, after all, look at all his wars … yet, reality proves he’s
all b***s***, that ‘wobama the b’(for b***s***). Daily
economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t
understand economics.) Madoff
employee pleads guilty Documents charged Eric Lipkin, a former employee,
with helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny
taters’! Yet, there are loads of such fraudulent interrelationships on
fraudulent wall street, part and parcel of the last and ongoing ubiquitous
fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billiions from the fraud ) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to
pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t
handle. After all, what isn’t fraudulent on wall street today? Nothing … nada …
zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Bernanke:
Setbacks are temporary Fed chairman
suggests economy will accelerate as year progresses despite recent signs of weakness. Poll:
Obama hits new lows on economy (Washington Post) [ Oh really? Like the
‘no-recession’, helicopter ben? One thing is certain and not temporary; viz.,
the gains for the frauds on wall street at great expense to all from the failed
policies as noted by analyst Andy Bove: ‘Bove also took a hard shot at the
Fed’s Quantitative Easing program calling it “a miserable failure.” ‘
Housing
prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at
Forbes Halah
Touryalai [ ‘..QE2 was a boondoggle for
investors in financial instruments but had no impact on the economy ‘ . Yeah!
Boondoggle, fraud, ongoing fraud / coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) …
I’d say that’s putting it mildly. ] ‘A
speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst
Dick Bove up in arms…
From the note:
The suggestions
being made indicate that the Fed has no understanding:
Of what caused the
financial collapse The current
structure of the banking industry’s balance sheet How banks interact
with the economy Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy …’
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away!
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! Bernanke:
Economy slowing but faster growth ahead -
AP [ Well, there you go … the new maestro, Wanted:
Economic policymakers There is a void atop much of the financial arms, with
about a dozen senior positions vacant. (Washington Post) [ How about just
stating as appropriate, there’s a huge void, period. These people, from
‘no-recession-helicopter-ben b.s. bernanke’, to ‘tiny tim geithner’, to ‘wobama
the b (for b***s***)’, to congress, to high,mid,lower level federal employees,
to u.s. executives, etc., haven’t the slightest idea what they’re doing, or
what to do. But, they do know how to throw a great fraud on wall street! Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at
Forbes Halah
Touryalai [ ‘..QE2 was a boondoggle for
investors in financial instruments but had no impact on the economy ‘ . Yeah!
Boondoggle, fraud, ongoing fraud / coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) …
I’d say that’s putting it mildly. ] ‘A
speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst
Dick Bove up in arms…
From the note:
The suggestions
being made indicate that the Fed has no understanding:
Of what caused the
financial collapse The current
structure of the banking industry’s balance sheet How banks interact
with the economy Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy…’
National
/ World
Weiner's
political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's
prospects for political survival dimmed precipitously on Wednesday with the
appearance on the Internet of an X-rated photo said to be of the congressman —
and the first calls from fellow Democrats for him to step down. Weiner’s
political survival in doubt Rebuked
by fellow Democrats, the congressman faces a likely House ethics committee
investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is
assured. After all, you can’t expect to have everything in this world; you
know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy …] High Quality Bilderberg 2011 Video & Photos, St.
Moritz Infowars Europeans to Converge on Switzerland for Bilderberg Protest Steve Watson Breaking: Secret Bilderberg Agenda Leaked by Mole Kurt Nimmo Bilderbergers May Give Green Light to Mexican Central
Banker as New IMF Boss Kurt
Nimmo Obama
Presses Europe, Pledges Help for Greek Crisis CNBC
[ Why doesn’t he just send them a u.s. dollar printing press; you know,
one of the old ones since only $100 presses are used in the u.s. now. Such
largesse, as the bankrupt lead the bankrupt.]
Report:
Afghan nation-building effort in peril
EXCLUSIVE | Hugely expensive U.S. effort has had only limited success
and may not survive an american withdrawal, according to the findings of a
two-year congressional investigation to be released Wednesday. (Washington
Post) [ Has everybody lost their minds?
‘(Afghanistan) may not survive an american withdrawal’? How about the
reality that Afghanistan might not survive a continued american presence; and,
ditto for the occupiers, viz., defacto bankrupt america hemorrhaging red ink
therefrom and more. I’d call what they’re doing, ‘nation-destroying’ which
reality is not lost on the people affected.… 6th
soldier charged in plot to kill Afghan civilians (WP)
Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though
having but 5% of the world’s population, u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally
the american century (obviously for israel the latter half century). Yet, such
a conditioned psychopathic approach to global matters has led them
self-destructively, self-defeatingly, and ineluctably to decline, fall. ..
Orwellian approach fostered by the purveyors of global unrest; viz., israel,
america, Orwellian england, etc.;more specifically, diversion of the masses
from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' ECONOMIC 'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS SPENDING $7K PER CITIZEN TO
AVOID OVERTHROW OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM:
More Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned
Layoffs Up... Manufacturing
Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON...
U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month "sexting"
relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife
with misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to
make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked,
a key clue has been missing: exactly how the notorious groin pic was posted
online. But according to data provided exclusively to The Daily from
TweetCongress.org, a nonprofit website that captures each member of Congress’s
Twitter feeds in real time, the shot seen round the world was transmitted using
TweetDeck — a popular Adobe desktop application that links up with social
networking sites. A review of Weiner’s Twitter stream from May 27, the day of
the crotch pic, shows that Weiner had been posting only from TweetDeck — one of
many ways to post messages to Twitter — that entire night. Chet Wisniewski, a
senior security adviser at security software company SophosLabs, said the
TweetDeck stamp “does make it more plausible that it did come from him.” Weiner
used TweetDeck frequently, but he often also posted from the Web directly or
from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
Tearful US congressman admits to crotch photos (AFP) ] 'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does
he look pleased. "The fact is, Anthony Weiner is a bad guy," the
Celebrity Apprentice honcho, who recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork)
— ‘Congressman Anthony Weiner said Thursday he’s finished talking about the
lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’! ‘Not
cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from
national drain / sinkhole new york (new york / new jersey metro). I haven’t
read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by
June, You’re a Loon! In a 12-page
note yesterday, the Rochdale Securities analyst said Tarullo’s suggestion on
Friday that systemically important financial institutions (SIFI) should
increase their capital ratios by 20% to 100% above current levels is “a perfect
example of what is wrong” with the Fed’s approach to the banking system.
From the note:
The suggestions
being made indicate that the Fed has no understanding:
Of what caused the
financial collapse The current
structure of the banking industry’s balance sheet How banks interact
with the economy Why QE2 was a boondoggle
for investors in financial instruments but had no impact on the economy
When the Fed should
have been tightening restrictions on the banks over the past decade, it
loosened them. Now that the economy is either in a pause or slowing down and
the Fed should be easing restrictions on the banks, it is tightening them. As a
consequence, there is now $1.5 trillion dollars sitting in the Fed earning
virtually nothing while unemployment rises and the economy falters.
It is simply
incomprehensible that this nation can be so poorly served by those people who
should be expected to know what they are doing. Mr. Tarullo’s remarks are so
totally absurd that it is difficult to assume that they will ever be heeded.
Raising banks’ capital ratios will have a horrific impact
on the economy and one similar to 1937 when the Fed increased reserve ratios
twice sending the U.S. back into Depression, Bove argues.
Tarullo said in his speech that he wants the new
capital to come from common equity which means banks would likely have to raise
the money by issuing new common shares. Bove thinks that’s absurd because banks
have already upped their tangible common equity (TCE) as a result of
post-financial crisis regulatory pressure.TCE is at 8.56% of assets, the
highest in 76 years, he says.
Based on the actual
data, going back 76 years, the actions of the banks in the past three years
have created one of the safest and soundest banking systems in American
history. The Federal Reserve:
Does not believe
this It has simply not
looked at the historical numbers, or It sees a financial
disaster brewing that has yet to be revealed.
The banking industry’s focus on restructuring of
their balance sheets and raising capital has resulted in a lack of loans for
the rest of the economy noting that loans in the banking system fell by $803
billion or 10.2% from Q3, 2008 to Q1, 2011. “What is clear is that the banking
industry simply stepped out of the economy. It was not providing funds to meet
economic needs. It could not do so given the requirements that were layered
upon it. This also happened in the 1930s and 1940s when bank loans fell to
15.9% of bank assets and government securities rose to an estimated 61.0%.”
Nontheless, in the worst case scenario under
Tarullo’s suggestion some 20 U.S. banks with more than $50 billion in assets
would have to have tangible common equity ratios of 14% of assets. To get to
this level, which would be $1.386 trillion in dollar terms, they’d have have to
raise $755.7 billion, Bove argues.
“This would require selling 35.3 billion new shares
of stock. The dilution would be 106.5%. Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of
business,” he notes.
Bove also took a hard shot at the Fed’s Quantitative
Easing program calling it “a miserable failure.” More from Bove’s Fed-bashing
note:
The Federal Reserve
is buying $600 billion in Treasury Securities under the program’s mandate.
In six months from
the end of October last year to the end of May this year, reserves at the
Federal Reserve have jumped by $568 billion and there is still one month to go
in QE2. Net free reserves in the system rose by $532 billion.
These numbers
indicate that the banking system never put the QE2 money to work in the
economy. They simply redeposited it back in the Federal Reserve itself.
However, the new money did have one clear impact. It drove up asset values:
The S&P 500 has
grown by 13.9% from the end of October to the present; the price of oil is
up 12.6%; and gold is up 13.2%. The annualized rate
of inflation in the 4 months to October 2010 as measured by the CPI was
1.4%; the annualized rate in the first four months of this year has been
10.5% (the economy was growing in October of last year and it is slowing
now).
But no need to worry because Tarullo’s suggestion is
so “absurd” that it’s unlikely to even happen, Bove says.
Well, he actually put it more harshly:
No other country in
the world, except perhaps Switzerland, is likely to lose all sense of reality
as Mr. Tarullo has. The United States will not get unanimity for this decision
anywhere but in the academic halls of the U.S. Federal Reserve.
I unfortunately
believe these people may have lost their minds just as the U.S. Congress did
when it passed the Dodd/Frank Act. However, the proposal may be taken seriously
by investors. If so it spells danger for bank stocks. This is because it is
likely that some form of this inane proposal may actually be put in
place.’ ‘ ]
Top 3 Reasons Markets Crashed After Bernanke Spoke Wall St. Cheat Sheet June 7, 2011 ‘Markets closed down on Wall Street: DJI -0.16%
SP500 -0.1% Nasdaq -0.04% Gold - 0.19% Oil 0.74% .
On the
commodities front, Oil (NYSE:USO ) put on another dollar to close at $98.74, while
precious metals were mixed with Gold (NYSE:GLD ) was down slightly to $1,546 and Silver (NYSE:SLV ) up 1.15%.
Today’s
markets were down because:
1) Bernanke
admitted the economy was slowing. Well, he admitted it then said he thinks
growth will be back soon. Don’t worry, soon. Although lustful traders were
hoping for some huge QE3 announcement, Bernanke
still gave us more QE 2.5 where the Fed will continue buying securities and
accommodating the financial markets as needed. Can someone say, ZIRP?
2) E3 took the
baton from Apple. Yesterday Apple held the tech spotlight, but today the
exciting video game sector was front and center. Microsoft (NASDAQ:MSFT ), Sony (NYSE:SNE ), Nintendo and all the big game makers started
pulling back the curtain on what gamers will die for during the holiday season
(Check Out: E3
Wrap Up. And the Winners are … ). That’s 180 degrees away from former tech
darling Research in Motion (NASDAQ:RIMM ) which
keeps crashing and burning .
3) Another
Economic Advisor gone. Austan Goolsbee will be leaving his position as chairman
of the White House’s Council of Economic Advisers. Wall St. Cheat Sheet
Assistant Editor Emily Knapp explores the deeper question, “Why
is Obama’s Economic Team Bailing Out? ” …’
The
US Debt Limit is Out of Control – Exclusive with Liz Claman Wall St. Cheat Sheet ‘ crazy
government spending :
Damien
Hoffmna: Liz, politicians seem to be treating the debt limit like a joke —
we’ve been raising it for decades. How can we get drunken sailors to limit the
bottles at the bar?
Liz Claman: I
wouldn’t say anyone in Washington is treating it like a joke. They’re truly
nervous about it because they don’t know what will happen if we don’t raise the
debt ceiling. What I would say is that neither side is getting serious at ALL
about cutting spending. The Republicans said, “We’ll raise it but only if you
marry that with spending cuts.” They started out strong.
Rep. Paul Ryan
came up with a good starting point but Democrats pounced on it saying it would
cut too much from Medicare/Medicaid. His Republican brethren were fine with it
until they heard from their constituents who flipped out, yelling, “Why should
our Medicare get cut? Tax the wealthy.” In the end, everyone wants to get
reelected instead of doing the right — and obviously painful — thing. Cut
Medicare and Medicaid…’ [ How ‘bout the obvious, unpainful thing; viz.,
prosecute the big frauds on wall street and get disgorgement in the hundreds of
billions (though the ongoing extant fraud is in the trillions. ]
How
the Second-Mortgage Crisis is Gaining Momentum Wall St. Cheat Sheet
Down Goes Asia? at
Minyanville Lloyd Khaner Jun 07, 2011 ‘The threat of a meltdown in Asia is just one
of 19 worries facing investors this week. ‘ The debt crisis in Europe
is causing waves in Asia, where major clothing and electronics makers, and
others who rely on a strong Eurozone market, are seeing share prices drop or
wobble. At home, the US debt ceiling problem is quickly becoming "a
lose-lose situation," and other issues -- the housing crisis, unemployment
and the fast-approaching end of QE2 -- have investors "freaked." So
this week Lloyd's Wall of Worry remains high, at 19 blocks. New
fears -- the risk “FIX IT!” (From the 2:18 mark.)office trading shares
LIBYA:
Congressional patience running short, our involvement running long. Bad combo. financial
China May Dump Dollar USA Today & CNBC
Gold
firms as dollar slides to one-month low Reuters
GM chief
pushing for higher gas taxes Detroit
News
IMF
rolls out $3 BLN bailout to push Mubarack’s men to top of pyramid International
bankers are preparing to hand out a massive loan to Egypt’s temporary leaders,
just months after praising the financial growth overseen by the FORMER regime. Daily
economic briefings disappear from Obama’s White House schedule At some
point during the first two years of his administration, President Obama stopped
receiving the daily economic briefing that he requested when he took office.
True
Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional
Budget Office (CBO) says the real cost of the federal government guaranteeing
the business of failed mortgage giants Fannie Mae and Freddie Mac is $317
billion — not the $130 billion normally claimed by the Obama
administration. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the policies
that helped get us here in the first place’
‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billiions from
the fraud ) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
ECONOMIC CRISIS ARCHIVE
National / World
Obama's rating on economy hits new low: poll (Reuters)
Obama: No fears of double-dip recession (AP) [He’s so ‘brave’,
he has no fear; and, after all, look at all his wars … yet, reality reality
proves he’s all b***s***, that ‘wobama the b’(for b***s***). Daily
economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t
understand economics.) Madoff
employee pleads guilty Documents charged Eric Lipkin, a former employee,
with helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny
taters’! Yet, there are loads of such fraudulent interrelationships on
fraudulent wall street, part and parcel of the last and ongoing ubiquitous
fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to pervasiveness,
a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t handle. After
all, what isn’t fraudulent on wall street today? Nothing … nada … zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Major Swiss Newspaper Gives Bilderberg Front Page
Coverage Steve Watson Top Bilderberger: Eurozone Collapse Threatens Global
Currency Agenda Paul Joseph
Watson Whole Foods admits its organic foods contain genetically
modified ingredients Natural
News Drone surveillance in the US? Alex Jones says ‘the whole
world is in danger’ RT
Proposed
New Airport Checkpoints Include Iris Recognition, In Built Full body Scanners Anyone
whose behaviour raised concern – such as a passenger buying a one way ticket in
cash – would go through a different channel which would also feature a full
body scanner. Dollar
Index at 1-Month Low as China Warns on US Assets The dollar fell to a
one-month low against a basket of currencies on Tuesday and a record low
against the Swiss franc after a Chinese official said the greenback would
continue to weaken versus other major currencies. Obama’s
rating on economy hits new low: poll Americans’ disapproval of how
President Barack Obama is handling the economy and its growing budget deficit
has reached new highs amid broad frustration over the slow pace of economic
recovery, according to a Washington Post-ABC New poll released on Tuesday. Top
Bilderberger: Eurozone Collapse Threatens Global Currency Agenda A top
Bilderberg member has revealed that globalists are panic-stricken about a
potential eurozone crisis caused by a Greek debt default that could precipitate
the collapse of the Euro and also derail the wider agenda for multi-regional
currency unions and eventually a global currency system. Drone
surveillance in the US? Alex Jones says ‘the whole world is in danger’ As
the US plans to increase drone aircraft usage abroad, now law enforcement in
the States is getting ready to adopt robotic planes back home for surveillance
purposes. While drone usage is expected to be expanded in America by 2013, Infowar’s
Alex Jones says that in some states it has already been happening for
years. All
misquotes are not created equal For politicians, the power of a historic
quote is alluring. Whether it has to be accurate is another thing. Fact
Checker: Sarah Palin’s midnight ride (Washington Post) [ Yeah! She’s all that …
dumb! The joke that keeps on giving … particularly to SNL among other
late-night comic fare … yet, the ‘pizza klatch’ with the other fake reality
show joke that keeps on giving, t_rump, part of that new york / new jersey
metro sinkhole, made for the 2 for 1
comedic concentration that was ‘free-for-all’ … to see. Why
we read Palin’s tell-all The
underlying interest says something more primal than simply our fascination with
Mama Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination
with the ‘new american dumb’. After all, who can deny the boost she got from
SNL’s Tina Fey’s impresarios highlighting same. Yet, in comparison with and
juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als),
she’s got plenty of cover / camouflage. Send to a friendSarah Palin: Don't pick on Donald Trump Politico - Even though Donald Trump has wholeheartedly embraced
the wall-to-wall media coverage that's come with his promotion of the widely
discredited “birther” issue, Sarah Palin argued Tuesday that the press is
treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have
filed for bankruptcy protection three times. While Trump blamed market forces,
he has long been chairman of the board for the casino businesses.In his
defense, Trump said he "didn't run the company." Isikoff then asked
why he was paid $2 million per year to chair the board of that business. Trump
replied: "Excuse me. Because I'm a genius, okay."Trump said many
different businesses license the use of his name, but he's not directly
involved in their operations.Casinos have not been the only weakness in the
Trump empire. There have been many high profile bankruptcy filings, bad real
estate deals, and a trail of ongoing lawsuits accusing him of bad business
practices.Another questionable move was "Trump University," an
online, for-profit business education firm. The attorney general in Texas
ordered him to stop using the word "university" in its title. Trump
said his company was unaware of restrictions on the use of that word.Isikoff
also said he asked Trump if he thought the state of Hawaii was lying in regards
to Obama being born there, and he did not answer the question. In summation of
his experiences that qualify him to be President of the United States, Trump
told Isikoff: "My successes...have been vast. I don't even view myself as
having failures, and I certainly learned from things that don't work out as
well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker:
The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls
Ms. Parker's referring to; but unless she's referring to mobster trump
apprentice news (trump was fired from his own casino company), that certainly
doesn't comport with polls I've read. Moreover, like palin, trump's the joke
that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ‘The
picture was of me, and I sent it’ In
an extraordinary reversal at an extraordinary news conference, N.Y. Rep.
Anthony Weiner said that he had in fact sent multiple inappropriate messages to
multiple women but that he had done nothing illegal and would not resign.
(Washington Post) [ Yes, indeedy! It was Tony’s weeny! Anthony’s Weiner!
Drudgereport: WHACKED, NOT HACKED! 'Used govt.
resources'... Breitbart: 'I Want To Hear
Truth'... 6 'inappropriate'
relationships... ABCNEWS: Mystery Woman
Revealed... HER STORY... Risqué Online Chats, Photo
Swaps... SLIDESHOW... VIDEO: 'Web of lies'... TWITTER TEARS:
WEINER ADMITS REPORT: Woman claims to have
200 explicit messages from NY Dem... IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE
UNRAVELING... By Daniel Libit Sunday,
June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more plausible
that it did come from him.” Weiner used TweetDeck frequently, but he often also
posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have
been hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP)
Tearful US congressman admits to crotch photos (AFP) ] 'This Could Be The End For
Him'... 'Have You Ever Taken A
Picture Like This Of Yourself?'... WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony
Weiner said Thursday he’s finished talking about the lewd photo sent from his
Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Democratic
change in Bahrain does not serve US interests: Kissinger Former US
secretary of state Henry Kissinger emphasized that a democratic change in
Bahrain did not serve the interests of his country, highlighting once again the
western double standard towards the Arab revolt, the daily Die Welt reported
Monday. Poll:
Support for Afghan war rises Finding
may give Obama breathing room as he decides how many troops to withdraw from in
July. (Washington Post) [ Ah, riiiiight!
Living proof that americans are not only dumb as h**l, but masochistic as well!
After all, pervasively corrupt america is defacto bankrupt, with all that that portends
for americans in the most negative sense.
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' ECONOMIC 'HORROR' AS DATA PLUNGES Dow Has Longest Weekly Slump
Since '04... Housing prices fall 'beats
Great Depression slide'... . Davis ‘This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WaWP) [
Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants and
white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised
to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
] Are
Ridiculous Airport Security Measures Killing Airline Profits? Over the past
couple of years, the attitude of U.S. consumers towards flying has shifted
dramatically. Once upon a time most Americans looked forward to flying, but
thanks to rising airfares, horrific fees and ridiculous airport security
measures that has changed. FDA
sends US marshals to seize elderberry juice concentrate, deems it ‘unapproved
drug’ Wyldewood Cellars, a Kansas-based producer and distributor of
elderberry juice, is the latest raid target of the US Food and Drug
Administration (FDA), which recently sent US marshals to the company’s winery
in Mulvane to confiscate the “unapproved drug.”
In a 12-page
note yesterday, the Rochdale Securities analyst said Tarullo’s suggestion on
Friday that systemically important financial institutions (SIFI) should increase
their capital ratios by 20% to 100% above current levels is “a perfect example
of what is wrong” with the Fed’s approach to the banking system.
From the note:
The suggestions
being made indicate that the Fed has no understanding:
·
Of what
caused the financial collapse
·
The current
structure of the banking industry’s balance sheet
·
How banks
interact with the economy
·
Why QE2 was a
boondoggle for investors in financial instruments but had no impact on the
economy
When the Fed should
have been tightening restrictions on the banks over the past decade, it
loosened them. Now that the economy is either in a pause or slowing down and
the Fed should be easing restrictions on the banks, it is tightening them. As a
consequence, there is now $1.5 trillion dollars sitting in the Fed earning
virtually nothing while unemployment rises and the economy falters.
It is simply
incomprehensible that this nation can be so poorly served by those people who
should be expected to know what they are doing. Mr. Tarullo’s remarks are so
totally absurd that it is difficult to assume that they will ever be heeded.
Raising banks’ capital ratios will have a horrific
impact on the economy and one similar to 1937 when the Fed increased reserve
ratios twice sending the U.S. back into Depression, Bove argues.
Tarullo said in his speech that he wants the new
capital to come from common equity which means banks would likely have to raise
the money by issuing new common shares. Bove thinks that’s absurd because banks
have already upped their tangible common equity (TCE) as a result of
post-financial crisis regulatory pressure.TCE is at 8.56% of assets, the
highest in 76 years, he says.
Based on the actual
data, going back 76 years, the actions of the banks in the past three years
have created one of the safest and soundest banking systems in American
history. The Federal Reserve:
·
Does not
believe this
·
It has simply
not looked at the historical numbers, or
·
It sees a
financial disaster brewing that has yet to be revealed.
The banking industry’s focus on restructuring of
their balance sheets and raising capital has resulted in a lack of loans for
the rest of the economy noting that loans in the banking system fell by $803
billion or 10.2% from Q3, 2008 to Q1, 2011. “What is clear is that the banking
industry simply stepped out of the economy. It was not providing funds to meet
economic needs. It could not do so given the requirements that were layered
upon it. This also happened in the 1930s and 1940s when bank loans fell to
15.9% of bank assets and government securities rose to an estimated 61.0%.”
Nontheless, in the worst case scenario under
Tarullo’s suggestion some 20 U.S. banks with more than $50 billion in assets
would have to have tangible common equity ratios of 14% of assets. To get to
this level, which would be $1.386 trillion in dollar terms, they’d have have to
raise $755.7 billion, Bove argues.
“This would require selling 35.3 billion new shares
of stock. The dilution would be 106.5%. Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of
business,” he notes.
Bove also took a hard shot at the Fed’s Quantitative
Easing program calling it “a miserable failure.” More from Bove’s Fed-bashing
note:
The Federal Reserve
is buying $600 billion in Treasury Securities under the program’s mandate.
In six months from
the end of October last year to the end of May this year, reserves at the
Federal Reserve have jumped by $568 billion and there is still one month to go
in QE2. Net free reserves in the system rose by $532 billion.
These numbers
indicate that the banking system never put the QE2 money to work in the
economy. They simply redeposited it back in the Federal Reserve itself.
However, the new money did have one clear impact. It drove up asset values:
·
The S&P
500 has grown by 13.9% from the end of October to the present; the price of oil
is up 12.6%; and gold is up 13.2%.
·
The
annualized rate of inflation in the 4 months to October 2010 as measured by the
CPI was 1.4%; the annualized rate in the first four months of this year has
been 10.5% (the economy was growing in October of last year and it is slowing
now).
But no need to worry because Tarullo’s suggestion is
so “absurd” that it’s unlikely to even happen, Bove says.
Well, he actually put it more harshly:
No other country in
the world, except perhaps Switzerland, is likely to lose all sense of reality
as Mr. Tarullo has. The United States will not get unanimity for this decision
anywhere but in the academic halls of the U.S. Federal Reserve.
I unfortunately
believe these people may have lost their minds just as the U.S. Congress did
when it passed the Dodd/Frank Act. However, the proposal may be taken seriously
by investors. If so it spells danger for bank stocks. This is because it is
likely that some form of this inane proposal may actually be put in place.’
Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
Meredith Whitney Adds 10 New States To Her Sh*t List Bess Levin
‘ The Dollar Dominatrix has
issued a new state budget and debt report and Arizona, Nevada, Connecticut,
Wisconsin? Might want to run. (Also, re last year’s prediction on muni bond defaults-
she was just ball-parking, no one should’ve taken those numbers at face value.)
Whitney tells
Fortune she never meant to make more than a general forecast. “I never intended
on framing the scale of defaults as a precise estimate, but I continue to believe
that degree of municipal defaults will be borne out over the cycle. I meant to
point out that the state debt problem is a massive headwind for the U.S.
economy, second in importance only to housing.”
[...]
Whitney’s latest
report is even more thorough than last year’s analysis that started the uproar.
It covers 25 of the largest states, adding ten new ones to the list, including
Arizona, Nevada, Connecticut, and Wisconsin. The problem starts with spending.
Since 2003, state governments have raised annual outlays from $1.5 trillion to
almost $2.2 trillion, or $700 billion, yet tax receipts have risen only $400
billion or $300 billion less, to $1.4 trillion. In fact, spending kept surging
all during the recession, while income from sales, income and corporate taxes
went totally flat in 2007.
M-Dubs doesn’t put everyone on notice, however.
Whereas Connecticut receives one whip of the cat-o-nine-nails for every dollar
over budget, Indiana, which gets a pat on the head and a scratch behind the
ears, is dubbed a “model citizen.”
Meredith
Whitney State Finances Are Worst Than Estimated [Fortune via Katie Benner ] ‘
Economic
news breaks Obama’s momentum Just as things seemed to be swinging in his
favor, a weak jobs report and a renewed drop in housing prices present new
challenges to reelection bid. (Washington Post) [ Momentum? … What parallel
universe are these people living in. Wobama’s already a failed president. Like
‘unringing a bell’, wobama’s failed presidency cannot be undone. After all, his
undoing was his own doing; the minute he began reneging on campaign promises
which were made because they needed doing. But, clearly, wobama’s not alone in
his failure: Milbank:
Congress clocks in to clock out (WP) [
‘... In a sense, the Senate has been in a pro-forma session all year…’
Now who’s being charitable … I’d say Mr. Milbank in his euphemistic description
supra as well as his unflinching defense
of wobama the b (for b***s***) despite wobama’s reneging on virtually all his
campaign promises / rhetoric to the nation’s unequivocal detriment. It is Mr.
Milbank, journalistically speaking, who as well clocks in to clock out. Simply
put, wobama is nothing less than the worst of the democratic platform combined
with the worst of the republican platform. At near single digit approval rates
for congress, I find it difficult to imagine a realistic approval rate for
wobama exceeding same. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WaWP) [
Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants and
white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised
to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Scam
artists run amok Double-digit profits in one day from short-sale investing?
It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating
the wheat from the chaff in terms of fraud on wall street is, owing to
pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t
handle. After all, what isn’t fraudulent on wall street today? Nothing … nada …
zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book Goombata: The Improbable
Rise and Fall of John Gotti and His Gang John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline and
fall. Global information exchange at lightning speed has made such throwbacks
to a lost era, propaganda, and maladaptive traits foolish at best, deadly at
worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian
approach fostered by the purveyors of global unrest; viz., israel, america,
Orwellian england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Will
the Fed do QE3? As soon as the disappointing jobs report crossed the wires,
the Wall Street chatter began to speculate. (Washington Post) [ Well, we all
know that nothing succeeds quite like failure in america; you know, that new
normal for pervasively corrupt, defacto bankrupt america. Yes, we all know that
QE has been a dismal and costly failure unless the measure of success is the
increased wealth of the frauds on wall street; after all, as with this still
extant financial crisis (toxic assets/paper/securities cashed out and still out
there in the trillions though now marked to anything as per legislated mandate
/ complicity / FASB rule change) , your dollars actually and ultimately
financed their ill-gotten gains which never seem to translate into the promised
job, economic gains and go on despite well-founded, prominent warnings that the
same will not succeed and have, as warned, exacerbated that which was meant to
be cured. JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic
outlook hinges on jobs report Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople
at the retail investing level and the bobble heads on the kool aid selling
financial channels have been saying for years that we’re in a “recovery”
(albeit a slow one), billion dollar fund managers say that nothing has changed
and we’ll have another crash Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The
Economic Collapse | We are
still in the middle of a full-blown economic crisis and things are about to get
even worse.
[video]Market
Slams a Lacking Jobs Report TheStreet.com
TV ‘ Dollar,
Safe Haven No More? at The Wall
Street Journal [Yes!] It
was for at least one week, according to Nomura currency strategist Jens
Nordvig. In a report this morning, Mr. Nordvig noted that the recent strong
tendency of the dollar and the S&P 500 to move in opposite directions was
nowhere to be seen last week, even as the S&P 500 dropped for the fifth
consecutive week…’
http://finance.yahoo.com/news/This-Employment-Ratio-34-Year-wscheats-2271160620.html?x=0&.v=1 This Employment Ratio is at a 34 Year Low 1 Wall St. Cheat Sheet June 3, 2011 ‘A disappointing increase of
only 54,000 jobs was accompanied by an unemployment rate for May of 9.1%, up
from the previous month’s 9.0%. The briefing.com consensus was for 9.0% and
their own estimate was for 9.1%. The employment-to-population ratio is hovering
around levels first seen in November 1977.Here is the lead paragraph from the Employment
Situation Summary released this morning by the Bureau of Labor Statistics: Nonfarm payroll employment changed little (+54,000)
in May, and the unemployment rate was essentially unchanged at 9.1 percent, the
U.S. Bureau of Labor Statistics reported today. Job gains continued in
professional and business services, health care (NYSE:XLV), and mining
(NYSE:XLB). Employment levels in other major private-sector industries were
little changed, and local government employment continued to decline. The unemployment peak for the current cycle was
10.2%, one year ago in October 2009. The chart here shows the pattern of
unemployment, recessions and both the nominal and real (inflation-adjusted)
price of the S&P Composite (NYSE:SPY) since 1948. Unemployment is usually a lagging indicator that
moves inversely with equity prices (See first chart below). Note the increasing
peaks in unemployment in 1971, 1975 and 1982. The inverse pattern becomes
clearer when viewed against real (inflation-adjusted) S&P Composite, with
its successively lower bear market bottoms. The mirror relationship seems to be
repeating itself with the current and previous bear markets. The second chart shows the unemployment rate for the
civilian population unemployed 27 weeks and over. The May number is 4% — down
from December’s adjusted 4.1%. This measure gives an alternate perspective on
the relative severity of economic conditions. As we readily see, this metric is
significantly higher than the peak in 1983, which came six months after the
broader measure topped out at 10.8%. The inverse correlation between the two series is
obvious. We can also see the accelerating growth of two-income households in the
early 1980′s. The recent ratio low of 58.2% in November 2010 and December
2009 was a level not seen since August 1983. In fact, those recent lows were
almost back to the 58.1% ratio of March 1953, when Eisenhower was president,
the Korean War was still underway, and rumors were circulating that soft drinks
would soon be sold in cans. The latest ratio, for May 2011, is 58.4%, unchanged
from last month. The employment-population ratio will be interesting
to watch going forward. The first wave of Boomers will be a downward force on
this ratio. The oldest of them were eligible for early retirement when the
Great Recession began, and the Boomer transition to the retirement will
accelerate over the next several years. The third chart is one of my favorites from CalculatedRisk.
It shows the job losses from the start of the employment recession, in
percentage terms compared to all recessions since 1948. Note the addition of
the dotted-line alternative for the current cycle, which shows unemployment
excluding the temporary census hiring. The start date of 1948 was determined by the earliest
monthly unemployment figures collected by the Bureau of Labor Statistics. The
best source for the historic data is the Federal Reserve Bank of St. Louis. Here is a link to a Google source for customizable
charts on US unemployment data (not seasonally adjusted) since 1990. You can
compare unemployment at the national, state, and county level. Doug Short Ph.d is the author of dshort.com.’ Peter
Schiff: ‘US economy heading for disaster’ “We are heading for a huge
disaster,” says Euro Pacific Capital President Peter Schiff. As the US dips
from a recession to a depression, Schiff says, America needs to stop borrowing
money if they want to prevent driving off the proverbial cliff. New
Decentralized Currency Stimulating Underground Barter Economy New grassroots
cyber currency, the Bitcoin, may provide the perfect vehicle to operate outside
the establishment economy and snub the all-powerful banking cartels — it’s
decentralized, quasi-anonymous, and its supply is regulated by an algorithm to
actually create deflation over time. Ron
Paul: “Barack Obama and the big government crowd are destroying our economy” Today,
a spokesman for Congressman Ron Paul’s 2012 Republican presidential campaign
remarked on the most recent U.S. jobs report and the state of the American
economy. See comments below. Towards a
Worldwide Inflationary Depression According to our calculations we have
been in an inflationary depression since February of 2009. Everyone looks back
on the deflationary depression of the 1930s as a benchmark or a reference. OPEC
Upstaged by Qaddafi in Most-Hostile Meeting Since Gulf War OPEC’s decision
on production quotas this week may be complicated by hostilities in Libya as
members meeting in Vienna find themselves supporting opposing camps of a
military conflict for the first time in 21 years. Questioned
by Paul, Fed denies any interest in gold True to his word to when he met a
GATA delegation in Washington a week ago, U.S. Rep. Ron Paul, R-Texas, chairman
of the House Subcommittee on Domestic Monetary Policy, has begun asking the
Federal Reserve questions about gold swaps. China
Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills China has
dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its
ownership of the short-term U.S. government securities from a peak of $210.4
billion in May 2009 to $5.69 billion in March 2011, the most recent month
reported by the U.S. Treasury.Ron
Paul Interview About Debt Ceiling, Spending Republican presidential
candidate Ron Paul talks with Bloomberg’s Al Hunt about the U.S. debt ceiling,
U.S. troop withdrawals from Afghanistan, Pakistan and Libya, and Federal
Reserve monetary policy.
Bank
to suggest CO2 levy on jet, shipping fuel Reuters
Teen Unemployment 25
Percent CSM
We’ve Now Got Depression-Level Unemployment Washington’s Blog True
Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional
Budget Office (CBO) says the real cost of the federal government guaranteeing
the business of failed mortgage giants Fannie Mae and Freddie Mac is $317
billion — not the $130 billion normally claimed by the Obama administration. National
/ World The Elite’s Plan For Global Extermination Paul Joseph Watson U.S. Tells Golan Protesters to Show Restraint After 23
Killed Kurt Nimmo
Five
U.S. soldiers killed in attack on base; 18 Iraqis dead in other violence Five
U.S. soldiers were killed Monday in a rocket attack at a joint U.S.-Iraqi base
in the capital, officials said. It was the largest death toll for the American
military in Iraq in a single incident in two years. NATO jets target
Libya state TV Latest reports indicate that NATO-led warplanes have dropped
several bombs on the offices of the Libyan state broadcaster in the capital
Tripoli.
Gates
in Kabul for strategy talks
High-level meetings with U.S. and Afghan officials are at a potential
turning point in the war. (Washington
Post) [ Strategy? Heck, there’s gotta’ be something something about ’u.s.
strategy’ that they can like. After all, it’s so amorphous that it can bend to
any will, constantly evolving, changing, growing, or, as they say in reality,
is non-existent at all. What might they like about ‘u.s. strategy’? Well, for
one thing, for america, the u.s. strategy is self-destructive, self-defeating,
and contraindicated for everyone; but, pervasively corrupt, defacto bankrupt
america’s just too dumb to realize it. Gerson:
Gates’s war against defense cuts (Washington Post) [ Wow! Talk about being
out of touch … I quess after years at the cia one starts to believe their own
b***s*** / propaganda / lies to the point that, as gates, they’ve completely
lost touch with reality … Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ …
Senate
Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like
Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot
… of their own making … by a wobama prevaricating approach to most all things
despite campaign promise that belie their actions, or lack thereof. ] [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Financialization
and Our Increasingly Unstable Economy Roche
'The worst part of it ...Obama, who
vowed change, has done almost nothing to fix any of it and in fact continues
most of the policies that helped get us here in the first place’ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ] { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Thanks to Ron Paul, We Are All Libertarians Now Susan Westfall We’ve Now Got Depression-Level Unemployment Washington’s Blog
World
Bank To Suggest Global Carbon Tax on Airline, Shipping Fuel (Paid by You) The
World Bank will suggest a global levy on jet and shipping fuel in
recommendations to G20 governments later this year on raising climate finance,
a senior official said on Sunday. June
5th Ron Paul Money Bomb – The Revolution vs RomneyCare The truth is, an
overwhelming showing on June 5th would force the establishment pundits to
realize what we already know, Congressman Paul is campaigning as a top-tier
contender and is a force to be reckoned within the Republican Primaries. Fukushima
Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear
power plant, a robot sent into the building housing Reactor No. 1 on Saturday
detected the highest levels of radiation measured since the crisis began on
March 11. Trouble
for the Establishment in Europe, Protests Spread to France (Video) Luke
Rudkowski reports from the new protests in France. He interviews a
stunningly-aware crowd. They truly know the score and what the root problem of
the system is: Banskter-Goverment collusion resulting in their enslavement.
Great on-the-ground reporting by Rudkowski.Fukushima
Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear
power plant, a robot sent into the building housing Reactor No. 1 on Saturday
detected the highest levels of radiation measured since the crisis began on
March 11. Food
chain at risk of being poisoned by terrorist groups Food and drink sold in
Britain is under a growing threat from terrorist groups which might try to
poison supplies, the Government’s security advisers have warned. US
Government/Mossad Agent Voices Support For Obama’s Gun Control Agenda In a
new video message, American-born al Qaeda spokesman Adam Gadahn calls on
Muslims living in America to carry out deadly one-man terrorist acts using
fully automatic weapons purchased at gun shows, and to target major
institutions and public figures. Libya:
UK Apache attack helicopters launch first strikes British Apache attack
helicopters have been used to strike targets in Libya for the first time, the
Ministry of Defence has confirmed. Gaddafi’s
Stolen Billions: Max Keiser Explains ‘Financial Terrorism’ International
bankers have reportedly wasted billions of dollars invested by Libyan leader
Colonel Gaddafi. The Financial Times says giants like Goldman Sachs were
dealing with the dictator’s investments when it needed to plug a hole during
the economic crisis. Most of the money has been lost, but with what’s going on
in Libya any repayment seems unlikely. Trouble
for the Establishment in Europe, Protests Spread to France (Video) Luke
Rudkowski reports from the new protests in France. He interviews a
stunningly-aware crowd. They truly know the score and what the root problem of
the system is: Banskter-Goverment collusion resulting in their enslavement.
Great on-the-ground reporting by Rudkowski. Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both nations
are regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc..; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's
T3 Daily Recap: Stocks and Economic Data Leave Nowhere to Hide at Minyanville
US markets finished the week with a very negative
tone, led lower by Nasdaq stocks PowerShares QQQ Trust QQQ SPDR Dow Jones Industrial Average ETF DIA jobs data SPDR
S&P 500 SPY US dollar Sina SINA Youku.com YOKU Qihoo 360 Technology QIHU China Dangdang DANG Baidu.com BIDU Sohu.com SOHU Netflix NFLX Amazon AMZN Apple AAPL investors Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billiions from the fraud ) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
Defacto bankrupt, fraudulent america also spends more on military
spending than all the nations of the world combined... federal employees /
contractors, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
By Shanthi Bharatwa [chart
http://www.thestreet.com/content/image/88693.include ]
‘NEW YORK (TheStreet )
-- The U.S. economy added far fewer jobs in May, suggesting that the recovery
in the employment market might be stalling.
According to
the Bureau of Labor Statistics, nonfarm payrolls increased by 54,000 on a seasonally
adjusted basis in May, after rising by an average of 220,000 in the prior three
months. Economists were expecting the payrolls to rise by 169,000, according to
Briefing.com . That is the lowest payroll growth since September 2010.
The private
sector, which has been the main contributor of jobs amid layoffs at the state
and local government levels, added 83,000 jobs, a marked slowdown from the
244,000 jobs averaged in the last three months. Economists predicted companies
would add 180,000 jobs in May, their expectations diminished by the
ADP report Wednesday which said companies added only 38,000 jobs.
The consensus
estimates don't always reflect actual market expectations because analysts
don't always revise their estimates based on the ADP report. The
"whisper" number for the markets may have been closer to about
100,000. So even by those metrics, the jobs report is severely disappointing.
Reacting to
the dismal report, Patrick O'Keefe, director of economic research at J.H. Cohn,
said, "This report stands out as a recommendation to all economists to go
through a course in humility. I expected, even after the ADP report, a much
better report than this. But as Keynes said -'when the facts change, I change
my mind.'"
According to
the Labor Department's survey, the auto, retail, nondurable goods and health
care sectors shed jobs in May. The government laid off another 29,000 workers
in May, after shedding 19,000 in April and 25,000 in March.
But more
striking than layoffs was the slowdown in hiring. After adding 38,000 jobs in
April, the goods-producing sector created only 3,000 jobs in May. Manufacturing
shed 5,000 jobs in May, after hiring 24,000 people in the previous month.
The private
services-providing sector, the biggest contributor to employment, added only
80,000 jobs, after creating 213,000 in April. In April, the ISM Services Index
showed a dramatic slowdown to 52.8% from 57.3% in March. The Institute for
Supply Management said at 10:00 a.m Friday that the Nonmanufacturing Index rose
to 54.6% from 52.8% in April, better than the 53.3% economists were expecting.
Temporary
help, which has contributed one in six 6 jobs during the recovery, also saw a
drop of 1,200 jobs.
"The
flattening in temporary help, given the marginal headline employment gain
signals that employers have become even more reluctant to increase payrolls in
the face of sputtering expansion," O'Keefe noted.’
JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic
outlook hinges on jobs report One of the few bright spots in the economic
picture in the past three months has been solid and steady job creation by the
private sector. (Washington Post) [ And, you can bet the ranch that the report
will be a complete fabrication. Indeed, the capital reeks of political
desperation, domestically and globally. Fudgecake yes … they can always put the
‘report’ back in the oven so to speak for those ever more recurring revisions
which still never quite bring the data back to reality. Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the midst
of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople
at the retail investing level and the bobble heads on the kool aid selling
financial channels have been saying for years that we’re in a “recovery”
(albeit a slow one), billion dollar fund managers say that nothing has changed
and we’ll have another crash Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse
5
Cities Vulnerable to the Next Bursting Bubble WASHINGTON (TheStreet ) -- Bubbles are a
beautiful thing to watch while they're inflating or floating along, but they
can be extremely messy when they burst. The U.S. still hasn't recovered from
the real estate bubble that burst in 2007. Considering the somewhat tenuous
state of the second coming of tech spending, the bubbling costs of college
inflation, the seemingly limitless heights of gold prices and the
ever-expanding demand for health Don't tell that to Las Vegas, which is still trying
to pick up the pieces after the housing bubble's pop shattered its real estate
industry. Average home prices dropped from $220,000 in 2008 to just $128,000 in
the first quarter of this year. As a result, a 3.21% foreclosure rate quoted
for the area by RealtyTrac is still the highest in the nation, and its 13.3%
unemployment rate is outdone only by Riverside-San Bernardino-Ontario, Calif.'s
13.9% margin (and 2.04% foreclosure rate). The good news is that foreclosure
rate is a 11.54% improvement from fall of last year. The bad news is that it's
only a 7.74% upgrade from the same period last year, is still costing more
homeowners their properties than anywhere in America and is having a residual
effect on business, with traffic down at McCarran Airport and once-untouchable businesses
California, Nevada, Arizona and Florida are among the
states dealing with double- or near-double-digit unemployment, high foreclosure
rates and home prices that have plummeted more than 50% in some cases, but even
metropolitan areas within those states were spared the same pain. Another burst
bubble could make some of those places feel a lot less lucky. TheStreet
took a look at five regions that lean heavily on one industry and at just how
much they stand to lose should their bubble be the next to go: …’
A
New Idea For Bernanke: Leave The Economy Alone at
Forbes ‘ Sy
Harding It was another week of shockingly negative economic reports, which
you might think has Wall Street economists worried that the economy is running
into something more than just a brief soft patch (their popular term of recent
weeks).
They mostly
remain convinced that the problem is only temporary, that the economic reports
are coming in worse than their forecasts only because they under-estimated the
effect the surge in energy and commodity prices would have on consumer
spending, and the effect the Japanese earthquake would have on auto and
technology production. And they say those effects are only temporary.
Let’s hope
they’re right, because the additional reports this week were awful.
They included
that home prices are still declining; that Pending Home Sales fell 11.6% in
April to a 7-month low; that Consumer Confidence unexpectedly fell from 66 in
April to 60.8 in May; that the ISM Mfg Index plunged to 56.6 in May from 67.6
in April; that Factory Orders fell 1.2%; that auto sales fell more than
forecasts.
The reports
ended for the week with Friday’s report that only 54,000 jobs were created in
May versus 232,000 in April, and compared to the consensus forecast that
175,000 jobs would be created. And the unemployment rate rose to 9.1% in May,
from 9.0% in April, versus forecasts that it would decline to 8.9%.
This week’s
reports came on top of four weeks of similarly dismal reports, including that
the Conference Board’s Leading Economic Indicators dropped into negative
territory for the first time in nine months, and that Durable Goods Orders
experienced their largest decline since last August. New home starts and
permits for futures starts plunged more than forecasts, and existing home sales
unexpectedly plunged, now down 12.9% year-to-date.
However, not
only is Wall Street not overly disturbed by the reports, but investors are not
all that concerned either.
In spite of
five straight weeks of decline, the Dow is only 4.7% below its peak at the end
of April, and it’s still up 5.4% for the year so far. And, what decline there
has been was on low volume, no signs of aggressive selling.
One theme I
keep hearing from bullish investors is that the Federal Reserve will not allow
economic growth to slow to any degree (beyond a brief soft patch), without
stepping in with another round of stimulus. Nor will it allow the stock market
to decline to any degree.
After all,
they remind me, Fed Chairman Bernanke virtually guaranteed that in the Fed’s
statement after its last FOMC meeting, in which it said, “The Committee will
continue to monitor the economic outlook and financial developments, and will
employ its policy tools as necessary to support the economic recovery.”
Meanwhile, as
I wrote in early April, the similarities to a year ago are spooky. Among the
long list of similarities I noted then, were that a year ago government
stimulus programs were also coming to end, the economy was already showing
serious signs of slowing, the stock market looked to be overbought, and
investor sentiment was unusually confident and bullish. The next event a year
ago was that the market topped out at the end of April into a correction, and
that has now potentially become another similarity of this year.
So will the
rest of the events of last year also repeat this year?
Last year, the
economy continued to weaken, and the stock market remained in a correction
until mid-July, during which the S&P 500 lost 16% of its value.
Then the Fed
seemed to panic and stepped in with a promise of another round of quantitative
easing, which was dubbed QE2. The economy picked up again, and the stock market
halted its decline, recovered its losses, and went on to the highs reached at
the end of April this year.
The big
question is, if the economy continues to slow this year, and the stock market
continues to decline, will the Fed push the magic button again?
Chairman
Bernanke received considerable criticism at home and globally for his QE2
decision last fall. It also doesn’t seem to have worked all that well. The
flood of additional dollars into the financial system pumped up the stock
market and commodity prices, creating inflation, but its effect on the economy
was apparently only temporary.
This year,
Congress would probably object mightily to another round of stimulus, given its
new determination to cut government costs in efforts to tackle the record
budget deficits.
So, unless the
economy really nose-dives, I suspect the Fed will allow the market system to
function normally this time around, allowing economic growth to slow if that is
its inclination, and the stock market to adjust to that, without government
interference.
We shall see.
So far the similarities to events a year ago continue to click into place.’
Moody’s:
U.S. credit rating at risk Agency
warns of a possible credit rating downgrade if a debt-ceiling deal cannot be
reached. (Washington Post) [ I’d say, as is true of their performance in the
last phase of this ongoing crisis, they are so typically late to the party.
After all, pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Greenspan
‘Scared’ Over Deficit; Calls for Tax Rise The debt and deficit problem in
the US is so serious that former Federal Reserve Chairman Alan Greenspan finds
himself in the position of recommending the highest tax rates in more than a
decade. The Public
Banking Movement Comes of Age The public banking movement is becoming
mainstream thanks to great work done by thoughtful and dedicated researchers
like Ellen Brown, author of “Web of Debt.” National
/ World Bipartisan Congress Rebuffs Obama on Libya Mission Washington Times Romney
says he can heal economy He kicks
off presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500...
OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA . This despite the defacto bankruptcy of the
nation. It is time to tell the mentally deficient at the pentagon along with
other war mongering neocons that the days of their easy money, fog of war
thefts (ie., 360
tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously fat budgets are over. Stated another
way, math, economics, and finance count. I’d say law should count but we all
know that’s not the case in meaningfully lawless america (The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed). Obama
is committed to Israel (Washington Post) Rahm Emanuel He’s been invested
since his first days in office.{Yes! I do believe this is among the few instances
when emanuel is telling the truth; and, pervasively corrupt, defacto bankrupt
america has the red ink, red blood (of u.s. soldiers), and failed geopolitical
strategy to prove it.}
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico
House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Soros-funded leftist group pushes internet control WND.com Following Shooting, Miami Cops Grab Cell Phones at
Gunpoint, Destroy Them Carlos
Miller Bill of Rights: An Endangered Species Kurt Nimmo Drudge Drives TSA Controversy To Viral Status Paul Joseph Watson No “Conspiracy Theory”: Wikileaks Cable Confirms North
American Union Agenda Paul
Joseph Watson The Spirit of Thomas Jefferson Lives in Nullification Alexander Meyer GOP
Establishment Attempting To Redistrict Ron Paul Out Of Office A Democratic
consultant tells the Texas Tribune that it is no coincidence that a proposed
congressional redistricting map would significantly alter District 14, the seat
firmly held by Ron Paul for the last fourteen years. Ron
Paul: “Barack Obama and the big government crowd are destroying our economy” Today,
a spokesman for Congressman Ron Paul’s 2012 Republican presidential campaign
remarked on the most recent U.S. jobs report and the state of the American
economy. See comments below. Chossudovsky:
US, NATO clearly going into ground war Russia’s foreign minister has
criticized the way the UN resolution on Libya is being implemented, in the wake
of NATO’s 90-day extension of its mission there. Sergey Lavrov says NATO’s
actions go beyond the scope of the resolution and undermine international law.
According to Michel Chossudovsky from the Canadian-based Center for Research on
Globalization, there are clear signs that we might soon see American boots
touch Libyan soil. Japan staff exceed
radiation limit The operator of Japan’s crippled nuclear power plant said
two workers have exceeded a radiation exposure limit for men. TSA
On The Ropes; Budget Slashed, Texas Grope Ban Returns Days after a top TSA
official conceded that the agency would be forced to reconsider its policies in
the aftermath of a nationwide backlash against invasive screening procedures,
the agency was dealt another two huge blows yesterday with the news that the
TSA budget would be slashed by $270 million, in addition to the return of a
bill in Texas that would make grope-downs a felony. Texas Senate Under Siege EXCLUSIVE
footage of Alex Jones’ powerful speech on the steps of the Texas Senate
chamber, rebuking those who betrayed liberty and worked to kill the bill that
would protect passengers from TSA groping. The
Sky Is Falling, It Is Time To Panic And The U.S. Economy Has Fallen And It
Can’t Get Up So many economists and financial pundits seem absolutely
shocked that the U.S. economy is slowing down again. It is as if this latest
wave of bad economic data has caught them completely by surprise.
Investors Await Jobs Report: Dave's Daily ‘ ETF
Center Thursday was a quiet day in trading but disappointing economic news
still dominated. Jobless Claims came in beneath expectations despite being
slightly better than the previous week; however, the four-week moving average
is 30K higher. Chain Store sales were disappointing with pundits blaming the
weather again. Factory Orders missed consensus forecasts at -1.2%. Lastly, not
that it's much of a surprise, Moody's warned it could downgrade U.S. bond
ratings should the budget deficit and debt not be resolved. So, do you think
Turbo-Tim would ever stiff "the Beard"? Anyway, the big number on
Friday is the employment data Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople
at the retail investing level and the bobble heads on the kool aid selling
financial channels have been saying for years that we’re in a “recovery”
(albeit a slow one), billion dollar fund managers say that nothing has changed
and we’ll have another crash Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse
Tough
choices in Europe over Greece Greece will need more than $40 billion
to keep itself afloat and sidestep a nightmare scenario: a default by one of
the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say,
‘look homeward hell’s angels’. After
all, we do have near 50 such fiscal basket-cases here in the pervasively
corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are
frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
D.C.
area no longer a leader in creating jobs (Washington Post) [ I’d say that
such is a distinction without a significant difference inasmuch as near all
‘new’ jobs above the ‘new’ normal are makeshift and predominantly politically
(not productively) motivated in origin. Do not fall for these ‘new renaissance’
sound bites / pep talks / spin sessions. Those deals, however misguided, are
done. Those real jobs are not coming back for the foreseeable future that
counts. The bell can not be ‘unrung’. Moreover, the ever less productive / make
shift service jobs (including governmental, federal, state, local) have hit the
wall in terms of budgetary constraints.
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry QE II..first
INVESTOR
SENTIMENT: Call it a Dickens Market -- it was the best of times and now it’s
nearly the worst of times as extreme bullish sentiment becomes extremely
bearish in just a week or so.LinkedIn LNKD It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on Japan moving
forward "Green Acres is the place for me." “Animal House, Animal House.”
Discouraging
news on the economy Stocks tumble
after data on manufacturing, jobs and home prices dash sunny expectations.
(Washington Post) [The key here is expectations based on what. I, and others
have been saying such expectations have been based upon total b***s***,
manipulations, if not outright fraud. Certainly the toxic assets now marked to
anything as per legislated professional criminal courtesy in the form of FASB
rule change will figure prominently in the next phase of this ongoing economic
/ financial crisis / debacle, the worst of which is yet to come, having been
exacerbated thereby. Moreover, it’s now clear that the fed’s machinations have
failed, benefited fraudulent wall street and insiders only, to everybody else’s
expense and detriment including a hyperinflationary environment some (including
El Erian of PIMCO) euphemistically refer to as stagflation. Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs The Daily Ticker (6/1/11) Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
[ ABC (Dizzyney) is a pathetically horrible network;
unimaginative, devoid of creative programming and with the weakest broadcast
signal to boot (those ‘reality’ things they do … and look at their new offering
… ‘combat hospital’ … just what everyone wants to see … ‘real blood and guts?’
(oooh! So timely and ‘johnny on the spot’, like their ‘seal 6’ fiasco) … I hope
so if they’re that of their management personnel … they should be barred from
championship broadcasting! Terrible! Pathetic! I don’t know how they’re still
in business. Oh … I almost forgot … they’re the ‘american broadcasting company’
… succeeding through failure since nothing succeeds like failure in america
today. Let me add NBC (with the exception of the stellar ‘Saturday Night Live’)
to the foregoing reality (apprentice, etc.? Who is tacky / dumb enough to waste
time watching that s***. ] A Close Look Under the Hood - Was
QE2 a Giant Waste of Money? Simon Maierhofer, June 2, 2011
‘Some things are obvious, some things are not. It's obvious that QE2 lifted
stocks while leaving the real estate market (NYSEArca: IYR News
This
article will take a deeper look under the hood and show what QE2 could and
couldn't do. More importantly, it will highlight how QE (or the lack thereof)
should affect your investment decisions.
QE2 and GDP
Even
though Gross Domestic Product (GDP) is an absolutely outdated and misleading measure
of a country's economic health (more about that in a moment), we'll take a look
at how QE2 affected GDP.
GDP
for Q4 2010 increased 3.1%. GDP for Q1 2011 was expected to come in at 2.1% but
was only 1.8%. This is a deceleration of growth and not what we'd like to see.
Back
to why GDP is misleading. GDP is calculated by summing up consumer spending,
government outlays (such as benefits and interest payments), gross investments
and exports and subtracting imports. All but exports fall under government spending.
GDP
however, does not distinguish how government spending is financed. All the
government spending that has brought the U.S. to the brink of insolvency
is reflected in the GDP. As the chart below shows, the government entitlements
(such as unemployment benefits, etc.) account for over 35% of personal income.
http://www.etfguide.com//contributor/UserFiles/8/Image/Government%20entitlements.gif
Personal
income accounts for about 75% of GDP. Therefore government spending - which is
the polar opposite of organic economic growth - makes up over 26% of GDP
growth.
QE2 and Troubled Banks
Here
is one statistic that adds new meaning to why some banks are simply 'too
big to fail.' Of the 7,574 federal insured banks, 11.7% are on the FDIC's
'problem list.'
From
January to March 2011, the banking (NYSEArca: KBE News XLF News
$24.4
billion of the $29 billion were generated by the 1.4% of banks with assets
exceeded $10 billion. Of course the largest banks received massive bailouts and
record low-borrowing rates. While large banks have recovered, regional banks
(NYSEArca: KRE News
QE2
has been great for Chase, Wells Fargo, Goldman Sachs, Bank of America and the
likes, but the neighborhood bank at the corner is likely struggling.
QE2 and Wealth
According
to the Boston Consulting Group (BCG), global wealth grew by $9 trillion, or 8%,
to $121.8 trillion in 2010. BCG includes cash and securities, but excludes
holdings in businesses, residences and luxury goods. The world's collective
investments and savings have surged $20 trillion from the 2008 lows and left
the world $10 trillion richer than in 2007. A look at the iShares MSCI EAFE
(NYSEArca: EFA News EEM News
QE2
is not solely responsible for this global wealth increase, but it had a lion
share in the $3.6 trillion gain in North America. No doubt the government is
happy to tax a good portion of that wealth. From a tax point of view, QE2 may
well have been worth its $600 billion price tag.
In
terms of job creation, QE2 failed miserably. A recent SmartMoney.com article
points out that QE2 has created maybe 700,000 full-time jobs at a cost of
around $850,000 each. The percentage of the population in work is lower today
than last August (58.4% vs. 58.5%).
QE2 and Stocks
Denominated
in dollars, you and I know that the S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI)
and Nasdaq (Nasdaq: ^IXIC) rallied around 100% or more from the March 2009
lows. Measured in hard currency however, SmartMoney reasons that the S&P
has risen by just 8.4% in Swiss francs. Measured in gold (NYSEArca: GLD News IVV News
So
while QE2 has created some wealth, it appears to also have created an illusion
of wealth, probably even another bubble. Not many bubbles stay afloat without
continuous air inflow. The cash inflow for the QE2 bubble is about to end and
the search for a pin has begun …’
[ It’s quite amazing that the so-called
‘professionals’ seek solace and comfort from mechanical application of
technical analysis when focus on fundamentals which are less prone to
obfuscation / manipulation which ultimately has led to fraud after successful
fraud, debacle after debacle. ]
[$$]
Expect More 'Unexpectedly' Weak Economic Data at Barrons.com Stocks Sink Again; Wal-Mart Slips 1.4% Pops & Drops: Orbitz, Gap...
Stocks struggle amid US slowdown fears
Wall Street ends flat after volatile day; jobs ahead US STOCKS-Wall St ends flat after volatile day; jobs ahead
Fears Grow Over
Double-Dip Recession One fund manager calls it a horror show, others are
predicting the Federal Reserve will have to extend its unconventional measures
and stocks across the world are falling heavily. Did
The Fed Just Give The Green Light To Sell The Stock Market? Remember when
the president uttered the magic words back in March 2009, when he said that
“profit and earning ratios [whatever the hell those are] are starting to get to
the point where buying stocks is a potentially good deal if you’ve got a
long-term perspective on it” giving the green light for the 2 year bear market
rally? Consumer
Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies One
chart stands out in today’s Breakfast with Rosie: the comparison of yesterday’s
surprisingly weak Consumer Confidence number with comparable prints taken at
financial crises and tragedies of the past such as the October 1987 markets
crash, Desert Storm, LTCM, the dot com collapse, September 11, Katrina, and
Lehman. Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Moody’s Warns of US
Default
National / World
Texas
Senate Under Siege TheAlexJonesChannel Alex Reunited with Trooper Who Arrested Him for Thumbscan
Refusal TheAlexJonesChannel 10 Reasons Why The “Economic Recovery” Is a Fraud Paul Joseph Watson QE3 and the Globalist Plan to Destroy the Dollar Kurt Nimmo VIDEO: Woman Screams For Help After TSA Molestation Steve Watson & Paul Joseph Watson Military
Escalation: “Phase Two” of the War on Libya A new phase of the war is
unfolding leading to a process of military escalation as well as the eventual
landing of US-NATO commandos on Libya’s shores.
10
Reasons Why The “Economic Recovery” Is a Fraud Yesterday’s so-called
“horror” show for the US economy with the release of new data illustrating how
the economic “recovery” has all but ground to a halt was met with feigned
astonishment and shock by the establishment media, and yet for the past two
years the public has been continually deceived about the true state of the
financial system. Moody’s Warns of US
Default Moody’s Investors Service, the credit ratings agency, warned of a
“very small but rising risk” that the US could default on its debt, adding
pressure on Congress and the Obama administration to overcome severe political
divisions and strike a deal on fiscal policy. Pentagon
Warns Of M.A.D. Should The War Powers Act Be Enacted And US Withdraw Its Troops
From Libya Who says Mutual Assured Destruction is to be used only by
bankers: our military leaders appear to have mastered the strategy of getting
what they want to warning about all hell breaking loose, just as effectively. Alex
Reunited with Trooper Who Arrested Him for Thumbscan Refusal While routing
out the globalist forces at the Texas Capitol behind killing the anti-TSA bill,
Alex Jones happens upon the very state trooper who arrested him 14 years ago
for refusing to thumbscan for a driver’s license. QE3
and the Globalist Plan to Destroy the Dollar Mohamed El-Erian, chief
executive officer at Pacific Investment Management Co., told Bloomberg today
the Fed’s quantitative easing policy failed to meet the “ultimate objective” of
boosting employment and economic growth. VIDEO:
Woman Screams For Help After TSA Molestation Video of an incident recorded
over the memorial weekend at Sky Harbor International in Phoenix, AZ, documents
how the TSA deal with people who are traumatized by grossly invasive enhanced
pat downs. Hail Caesar Although the financial
press speculates about a downgrade of the US government’s credit rating and
default if political impasse prevents the debt ceiling from being raised in
time, I doubt anyone really believes that the debt ceiling will not be raised.
It is just all a part of the political theater of the next couple of months. ‘Gaddafi
is not bin Laden, NATO would bomb him to death if knew where he was’ NATO
is extending its operation in Libya by another three months. The Alliance chief
says the decision is meant to signal to Colonel Gaddafi that the coalition is
determined to fulfill the UN mandate to protect Libyans.
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico
House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com
Afghan
leader warns NATO not to become ‘occupying force’ | Karzai warned NATO-led
forces in Afghanistan they were at risk of being seen as an occupying force. [
Duh! What a bag of hot air karzai is! ]
VIDEO: Woman Screams For Help
After TSA Molestation... IT MIGHT BE MY WEINER! 'This Could Be The End For
Him'... 'Have You Ever Taken A
Picture Like This Of Yourself?'... WEINER CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia Kramer
decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The
congressman said that he didn’t send a lewd photo on Twitter but also that he
couldn’t “say with certitude” whether the image was of his own crotch.
(Washington Post) [ ‘Weiner’s weiner’!
‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect
from national drain / sinkhole new york (new york / new jersey metro). I
haven’t read but probably agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘The
Weiner roast Congressman finds
himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs By Aaron
Task The Daily
Ticker(6/1/11) Bloomberg
reports . (See: What Recovery? The Economy's
Weak And Getting Weaker, Mish Says) Jeff
Macke describes today's action as just noise within the trading range of
S&P 1300 to 1340, the heavy selling seemingly confirms the trend of
one-step forward, two-steps back that has been in force since early May. The
question is whether the stock market is just catching on to economic reality or
sniffing out something far worse in the offing, like QE3 or a political
breakdown over the debt ceiling.Aaron Task
is the host of The Daily Ticker. You can follow him on Twitter at @atask or email him at [email protected]
Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet On
Wednesday June 1, 2011, ‘ Markets closed down on Wall Street: DJI -2.22%
SP500 -2.28% Nasdaq -2.33% Gold 0.16% Oil -2.87% . Markets were in a downtrend
all day as trading volume remained low. On the commodities front, Oil (NYSE:USO ) dropped over $3 from the high of the day to land
back below $100 a barrel. Gold (NYSE:GLD ) caught some love on the usual QE3 talk and another
downgrade of Greece, while Silver (NYSE:SLV ) got crushed nearly 5%.
Today’s
markets were down because:
1) Economic data
sucked . First we started with a much
weaker than expected ADP Employment report . That was the shot heard ’round
Wall Street. Then analysts tripped over each other to lower estimates for
tomorrow’s big Non-Farm Payrolls report. After that, the pessimists were
rewarded again as ISM
Manufacturing missed analyst expectations by a mile. The mantra for the
remainder of the day has been “slowdown”.
2) Automakers
offered disappointing news. The mantra continued as Ford (NYSE:F ), General Motors (NYSE:GM ), and Toyota (NYSE:TM ) announced poor
automobile sales data . But data was brighter for retailers as we noted in
our Retailer
Roundup .
3) Tech had
another big day. Nokia
(NYSE:NOK ) is getting hit like a bear raid and LinkedIn (NYSE:LNKD ) broke
technical support as we warned yesterday . On a positive note, Netflix (NASDAQ:NFLX ) and Apple (NASDAQ:AAPL ) have a lot of positive focus on their
businesses during the All Things Digital Conference and next week’s Apple
Developer’s Conference. But the stocks are still down in the slaughter.
Bonus: Cisco
Projects Insane Growth in Web-Users and Data Traffic
Now that
you’re in the know, enjoy your evening!’
U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends [email protected]
(Tom Lydon)June 1, 2011, ‘Disheartening economic data, namely
from private-sector jobs and manufacturing growth, pointed to a slowing
economy, sending markets and exchange traded funds (ETFs) lower.
The Institute
for Supply Management index of activity in manufacturing – the purchasing
managers’ index, or PMI – declined from 60.4 in April to 53.5 in May, which was
well below the expected drop to 57.0, report Steven Russolillo and Brendan
Conway for The Wall Street Journal
The
lower-than-expected employment number from private-sector jobs in the U.S. only
increased by 38,000 last month, whereas economists had previously anticipated
an influx of 190,000. According to the ADP report, the employment gauge
plummeted to 58.2, a low last seen in October 2010, from 62.7.
The ISM’s
production index fell from 63.8 in April to 54.0 and new orders dropped from
61.7 to 51.0, a low last seen in June 2009, write Alex Kowalski and Shobhana
Chandra for Bloomberg .
Construction
spending inched up 0.4% in April, but the number was revised downward from the
previous month.
SPDR S&P 500 ETF (NYSEArca:SPY PowerShares QQQ (NasdaqGM:QQQ SPDR Dow Jones Industrial Average ETF (NYSEArca:DIA
For more information on the U.S. markets, visit our
S&P 500 category .
Max Chen contributed to this article .’
It's
A Cyclical Downturn In The Global Economy: Nobody Escapes at Forbes Robert Lenzner StreetTalk [ Yes. Mr. Lenzner
is quite right. And, the natural concomitant of this cyclical downturn is the
secular bear market in this secular downtrend. That’s the economic and
financial reality, exacerbated by fraud, corruption and what they’re doing and
not doing. ] ‘The sharp fall in the industrial
manufacturing index– from 60.4 to 53.5 in a single month is abundant
proof that we have reached a cyclical turn in the economy says Lakshman
Acouthan, CEO of ECRI, a highly respected economic consulting firm in New
York.
“This is a
cyclical turn,” Acouthan just told me. “It is worldwide. Nobody escapes,” the
ECRI executive told me after reading today’s economic tea leaves– which were
seriously negative and distinctly different than the growth predicted by
most large Wall Street institutions.
By
underscoring “nobody escapes,” I believe Acouthan was referring to China, where
there are signs that higher interest rates and stiff restrictions on bank
reserves have begun to bite into industrial growth and commodity
prices.
Acouthan
believes stock markets and commodity prices, especially metals and energy, will
continue to be under pressure.
And
Wednesday’s plummeting share prices in the US were dramatic, as investors ran
for the exits and drove the indexes down a solid 2%. New jobs in the
private sector were meager, and home prices weakened again to the point wherer
prices in many cities have returned to pre-2002 levels. I anticipate more
softness in residential homes, which wil cetainly affect consumer sentiment.
Then, too, the
yield on 10 year Treasuries, the most watched interest rate in financial
markets, keept falling well below the 3% mark, closing at a yield of 2.94% just
as my bond guru Bob Smith of Smith Capital had been predicting. So far, PIMCO’s
Bill Gross has egg on his face for selling his Treasury bonds and then going
short– betting that interest rates would spike and bond prices weaken.
GM shares
plummeted on the surprisingly weak sales of autos in the most recent period. By
the end of the trading session shares of integrated oil companies were weaker.
Only gold seemed to climb in an undramatic fashion to finish the day higher.
Sadly, the
rout of the risk trade may mean that the Fed’s monthly $600 billion QE2
quantitative easing has not bolstered the economy so much as it induced
speculation in stocks and commodities.’
Stocks Tumble As Weak Economic Data Prompt Recovery Fears
Steven Russolillo
Fed Ready to Print More Funny Money on QE3 Rumors Kurt Nimmo
Amazon
Tax Bill Passes California State Assembly NBC LA
House
Republicans Meet With Obama After Rejecting Debt Ceiling Increase Fox
Why
Gold Is Still a Good Long-Term Investment If all currencies are moving up
or down together, the question is: relative to what? Gold is the canary in the
coal mine. It signals problems with respect to currency markets. Central banks
should pay attention to it.
Suddenly
Everyone Is Warning About The Next Financial Collapse Are we about to see a
repeat of 2008 (or something even worse)? Suddenly all kinds of people are
coming out of the woodwork and warning that we could be on the verge of the
next major financial collapse.
One
percent holds 39 percent of global wealth Around one percent of households
have 39 percent of the globe’s wealth according to a study published Tuesday,
pointing to increased inequalities in the wake of the global downturn.
Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash While the snake oil salespeople at
the retail investing level and the bobble heads on the kool aid selling
financial channels have been saying for years that we’re in a “recovery”
(albeit a slow one), billion dollar fund managers say that nothing has changed
and we’ll have another crash. National / World Stocks Tumble As Weak Economic Data Prompt Recovery Fears
Steven Russolillo Three Powerful New Films Coming to the Infowar PrisonPlanet.tv Fed Ready to Print More Funny Money on QE3 Rumors Kurt Nimmo Florida
governor signs welfare drug-screen measure CNN
Ron
Paul: We Are Enabling A Future American Dictatorship Steve Watson
The
Federal Reserve Cartel: The Eight Families Dean Henderson
Fukushima:
French research institute finds high radioactivity NHK
NATO
extends Libya air war, says Kadhafi will go AFP Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'...
‘Summer
of War’ by NATO: 90 more days of Libya bombing NATO has declared its
extending its operation in Libya by another three months. The alliance chief
says this decision is meant to prove to Muammar Gaddafi that the alliance is
determined to fulfil the UN mandate. Let’s cross live to James Corbett an
editor of an independent news website to discuss the latest developments. Military
Escalation: “Phase Two” of the War on Libya A new phase of the war is
unfolding leading to a process of military escalation as well the eventual
landing of US-NATO commandos on Libya’s shores. An unprecedented deployment of
naval power in the Mediterranean is occurring.
Psych
drug doctors now pushing to add lithium to drinking water Chlorine,
fluoride, and the various other chemical poisons already added to the nation’s
drinking water supplies are apparently not enough for the self-appointed
experts whose insatiable lust to force-medicate the world is never satisfied.
Tiny
Payout In TSA Breast Exposure Lawsuit The U.S. government paid a paltry
$2350 to settle a lawsuit brought by a Texas woman who sued the Transportation
Security Administration after her breasts were exposed during a vigorous
frisking at a Texas airport, records show. Strategist:
World On The Verge Of Great, Great Depression And The Fed Knows It A
notable market strategist has told CNBC that the world is on the verge of the
largest financial meltdown in history, warning that Wall Street is at a loss as
to what to do regarding the ailing economy. Stocks sink
as banks slash jobs outlook Stocks skidded on Wednesday as more weak
economic data cemented fears the U.S. recovery was running out of steam and
prompted Wall Street firms to slash forecasts ahead of the closely watched
payrolls report on Friday. Obama
Bailout of Gov’t Motors to Cost Taxpayers at Least $14 Billion A report
today from the president’s National Economic Council says the government will
lose less than $16 billion — which would amount to 20% of the $80 billion spent
to bail out the U.S. auto industry. Check
Out These Exclusive New Videos At Prison Planet.tv We have added several
exclusive bombshell video interviews for subscribers at Prison Planet.tv – with
more to come. Check out the trailers for these new presentations below and
consider becoming a member at Prison Planet.tv. NATO
extends Libya operations to September NATO said on Wednesday it had
extended its Libyan mission for a further 90 days, after Muammar Gaddafi made
it clear he would not step down, dashing hopes of a negotiated end to the
uprising against his rule. Fed
Ready to Print More Funny Money on QE3 Rumors Simon Maughn, co-head of
European equities at MF Global, has told CNBC that a third round of so-called
quantitative easing is in the works. The private Federal Reserve will again
become the marginal buyer of bonds. Gen.
Hamid Gul: US will start WW3 if war expands to Pakistan Amid the fallout
between Washington and Islamabad over the killing of Osama Bin Laden, RT spoke
to Hamid Gul, former chief of Pakistan’s Intelligence Agency. He calls the US a
haughty empire spoiled by a sense of authority. Rep.
Paul to Fed: Tell Us Everything, or Else The chairman of the House
subcommittee that oversees the Federal Reserve demanded Tuesday that the Fed
fully disclose details of billions — perhaps trillions — in secret emergency
loans it made to almost every major bank in the U.S. and overseas during the
financial crisis or face a congressional subpoena for the information. Housing
market ‘double dips’ The prices of
single-family homes dropped to their lowest level since April 2009. Consumer
confidence drops to six-month low (Washington Post) [ Little more much worse than expected very bad
news and we’ll see new highs on fraudulent wall street. And, no; the worse than
expected news was not ‘already baked into valuations / pricing. Just
manipulated fraud as before and as always on fraudulent wall street. Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 (The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed), and have
used the mideast turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar
(sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over objection of
the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Milbank:
Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate came
to order. Forty-one seconds later, it adjourned. During this legislative
session, there was no bill under consideration, no debate on the floor, not
even an opening prayer or a pledge of allegiance. The only senator in the
chamber was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner
looked up at the 20 tourists in the public gallery and wondered aloud to the
clerk what the spectators must think of the proceedings.“They think, ‘this is
our government?’ ” the clerk replied. That’s if they’re being charitable. The
Senate is supposed to be in Memorial Day recess this week. But the chamber is
so ungovernable that Majority Leader Harry Reid doesn’t even have the votes to
declare a recess. So he decided instead to have a few “pro forma” sessions,
such as Tuesday’s, allowing senators to take a vacation without voting for it.
In a sense, the Senate has been in a pro-forma session all year…’ Now who’s
being charitable … I’d say Mr. Milbank in his euphemistic description supra as
well as his unflinching defense of
wobama the b (for b***s***) despite wobama’s reneging on virtually all his
campaign promises / rhetoric to the nation’s unequivocal detriment. Thus, it is
indeed Mr. Milbank, journalistically speaking, who as well clocks in to clock
out. Simply put, wobama is nothing less than the worst of the democratic
platform combined with the worst of the republican platform. At near single
digit approval rates for congress, I find it difficult to imagine a realistic
approval rate for wobama exceeding same.
Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones U.S. intelligence is that bin Laden dialysis http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Karzai
orders change in U.S. strategy
Afghan president’s ultimatum could complicate U.S. drawdown. (Washington
Post) [ Karzai’s always been hot-air and
antithetical to the true sovereign interests of Afghanistan, acting more as a
war criminal nation american shill. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones U.S. intelligence is that bin Laden dialysis http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
House
rejects debt ceiling increase The
317-to-98 vote was a bipartisan rejection of extending the nation’s current
debt limit of $14.3 trillion unless major spending reductions accompany the
legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times “Market’s
Wall of Worry” post yesterday about the prospects of the Income line
of the GDP being reduced by necessity. Cut Medicare and lerss money will
be spent on health care, less money on medical instruments, less money on
drugs, on pills, on doctotrs visits.Less money on healthcare means less money
circulating and so less tax revenue. It’s a future scenario few of us want
to contemplate. A runup to possible default will not be positive for the stock
market. Even if dfefault is avoided then, the notion that Wall Street
doesn’t get the crisis measns there’s too much denial of reality in stock
prices. I’m with David Brooks.’ … TEMPLETON
chairman: Financial Crisis 'Around Corner'... By Kana
Nishizawa / Bloomberg - May 30, 2011 ‘ Mark
Mobius , executive chairman of Templeton Asset Management’s emerging markets
group, said another financial crisis is inevitable because the causes of the
previous one haven’t been resolved …’ STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business Insider
Globally, and in fraudulent america particularly, the
stock markets / bourses are a total joke as they try to window dress their end
of month figures based on b*** s*** alone. We’ve seen this before as it played
out in the prior phase of this ongoing financial crisis. Shiller Home Price Index
comes in at 100% worse than expectations … and don’t forget, that includes the
dollar debasing realities which makes this report even more dire. Take this ‘me
too’ pop on fraudulent wall street as an especially great opportunity to sell,
take profits since there is much, much worse to come. Remember: ‘sell in May
and go away’ … so … don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an especially
great opportunity to sell, take profits since there is much, much worse to
come. Remember: ‘sell in May and go away’ … so … don’t be a lune, loon, sell in
June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry remains relatively high, meaning now is the
time to look for stock market bargains. now QE2 countdown clock .)first LinkedIn LNKD It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on Japan moving
forward "Green Acres is the place for me." “Animal House, Animal House.” Lloyd
Khaner prices
http://image.minyanville.com/assets/FCK_Jan2011/Image/Lila2/Wall.May31.jpg ‘ U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes [ Yeah
… they have to say ho-hum so that they’re not caught saying … duh! ]
S&P/Case-Shiller Home Price Indices http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us---- The S&P/Case-Shiller Home Price Indices
are the leading measures for the US residential housing market, tracking
changes in the value of residential real estate both nationally as well as in
20 metropolitan regions. The indices are calculated monthly and published with
a two month lag. New index levels are released at 9am Eastern Standard Time on
the last Tuesday of every month. Latest Press Release National
Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home
Price Indices(PDF)
31-May-2011
09:00
Data
through March 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show that the U.S. National Home Price Index declined by 4.2% in the
first quarter of 2011...
* The S&P/Case-Shiller Home Price Indices are calculated
monthly using a three-month moving average and published with a two month lag.
New index levels are released at 9 am on the last Tuesday of every month.
(data as of 31-May-2011)
Home Price Index Levels
March
2011
March
2011
Home Price Sales Pair Counts
March
2011
Not
Calculated
U.S. National Index Levels
Q1
2011
Q1
2011
Home Price Tiered Index Levels
March
2011
March
2011
Condominium Index Levels
March
2011
March
2011
Condominium Sales Pair Counts
March
2011
Not
Calculated
Key
Housing Indicators (Monthly)
March
2011 (as of 31-May)
The Latest
Indicators are usually updated by 2 pm on the last Tuesday of every month.
Index Announcements National
Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home
Price Indices
Data
through March 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show that the U.S. National Home Price Index declined by 4.2% in the
first quarter of 2011...
Home
Prices Edge Closer to 2009 Lows According to the S&P/Case-Shiller Home
Price Indices
Data
through February 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show prices for the 10- and 20-city composites are lower than a year
ago but still slightly above...
Home
Prices Off to a Dismal Start in 2011 According to the S&P/Case-Shiller Home
Price Indices
Data
through January 2011, released today by Standard & Poor’s for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home
prices, show further deceleration in the annual growth rates in 13 of the 20
MSAs and the 10- and 20-City...
See
All Index Announcements
Index Research S&P/Case-Shiller
Home Price Indices: 2010 A Year In Review
S&P/Case-Shiller
Home Price Indices and Seasonal Adjustment
S&P/Case-Shiller
Home Price Indices: 2009 A Year In Review
NATIONAL HOME PRICES HIT NEW LOW IN 2011 Q1
According to the S&P/Case-Shiller Home Price
Indices
New York, May 31, 2011 – Data through March 2011, released today
by Standard & Poor’s for its
S&P/Case-Shiller 1 Home Price Indices, the
leading measure of U.S. home prices, show that the U.S.
National Home Price Index declined by 4.2% in the first quarter of
2011, after having fallen 3.6% in the
fourth quarter of 2010. The National Index hit a new recession low
with the first quarter’s data and
posted an annual decline of 5.1% versus the first quarter of 2010.
Nationally, home prices are back to
their mid-2002 levels.
As of March 2011, 19 of the 20 MSAs covered by S&P/Case-Shiller
Home Price Indices and both
monthly composites were down compared to March 2010. Twelve of the
20 MSAs and the 20-City
Composite also posted new index lows in March. With an index value
of 138.16, the 20-City Composite
fell below its earlier reported April 2009 low of 139.26.
Minneapolis posted a double-digit 10.0% annual
decline, the first market to be back in this territory since March
2010 when Las Vegas was down 12.0%
on an annual basis. In the midst of all these falling prices and
record lows, Washington DC was the only
city where home prices increased on both a monthly (+1.1%) and
annual (+4.3%) basis. Seattle was up a
modest 0.1% for the month, but still down 7.5% versus March 2010.
1 Case-Shiller ®
and Case-Shiller Indexes ®
are registered trademarks of Fiserv, Inc.
The chart on the previous page depicts the annual returns of the
U.S. National, the 10-City Composite
and the 20-City Composite Home Price Indices. The
S&P/Case-Shiller U.S. National Home Price Index,
which covers all nine U.S. census divisions, recorded a 5.1%
decline in the first quarter of 2011 over the
first quarter of 2010. In March, the 10- and 20-City Composites
posted annual rates of decline of 2.9%
and 3.6%, respectively. Thirteen of the 20 MSAs and both monthly
Composites saw their annual growth
rates fall deeper into negative territory in March. While they did
not worsen, Chicago, Phoenix and
Seattle saw no improvement in their respective annual rates.
“This month’s report is marked by the confirmation of a double-dip
in home prices across much of the
nation. The National Index, the 20-City Composite and 12 MSAs all
hit new lows with data reported
through March 2011. The National Index fell 4.2% over the first
quarter alone, and is down 5.1%
compared to its year-ago level. Home prices continue on their
downward spiral with no relief in sight.”
says David M. Blitzer, Chairman of the Index Committee at S&P
Indices. “Since December 2010, we
have found an increasing number of markets posting new lows. In
March 2011, 12 cities - Atlanta,
Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami,
Minneapolis, New York, Phoenix, Portland
(OR) and Tampa - fell to their lowest levels as measured by the
current housing cycle. Washington D.C.
was the only MSA displaying positive trends with an annual growth
rate of +4.3% and a 1.1% increase
from its February level.
“The rebound in prices seen in 2009 and 2010 was largely due to
the first-time home buyers tax credit.
Excluding the results of that policy, there has been no recovery
or even stabilization in home prices
during or after the recent recession. Further, while last year saw
signs of an economic recovery, the most
recent data do not point to renewed gains.
“Looking deeper into the monthly data, 18 MSAs and both Composites
were down in March over
February. The only two which weren’t, are Washington DC, up 1.1%,
and Seattle, up 0.1%. Atlanta,
Cleveland, Detroit and Las Vegas are the markets where average
home prices are now below their
January 2000 levels. With a March index level of 100.27, Phoenix
is not far off.”
S&P/Case-Shiller U.S. National Home Price
Index
[chart]
US National, index level (left)
US National, %chya (right)
Nationally, home prices are back
to their mid-2002 levels
Record low decline of 18.9% in
2009Q1 (solid line)
National
index hits
new low in
2011Q1
(dotted line)
Source: Standard & Poor's and Fiserv
2011 Q1 2011 Q1/2010 Q4 2010 Q4/2010 Q3
Level Change (%) Change (%) 1-Year Change (%)
U.S. National Index 125.41 -4.2% -3.6% -5.1%
March
2011 March/February February/January
METROPOLITAN AREA LEVEL CHANGE (%) CHANGE (%)
1-YEAR CHANGE (%)
ATLANTA 98.36 -1.9%
-0.1% -5.2%
BOSTON 147.36 -1.7%
-1.5% -2.7%
CHARLOTTE 106.96 -2.4%
-1.3% -6.8%
CHICAGO 110.57 -2.4%
-2.2% -7.6%
CLEVELAND 96.80 -1.8%
-0.7% -6.3%
DALLAS 112.89 -0.8%
-0.2% -2.5%
DENVER 120.55 -0.6%
-1.2% -3.8%
DETROIT 67.07 -2.0%
0.8% -0.9%
LAS VEGAS 97.18 -1.1% -1.0% -5.3% LOS ANGELES 167.77 -0.3% -1.0% -1.7% MIAMI 137.28 -0.8%
-2.0% -6.1%
MINNEAPOLIS 105.57 -3.7%
-3.3% -10.0%
NEW YORK 163. 50
-0.9% -0.6% -3.4%
PHOENIX
100.27 -0.5% -0.7% -8.4%
PORTLAND 132.67 -0.7%
-1.6% -7.6%
SAN DIEGO 153.88 -0.8%
-1.3% -4.0%
SAN FRANCISCO 129.82 -0.1%
-2.6% -5.1%
SEATTLE 132.97 0.1% -1.9%
-7.5%
TAMPA
127.08 -0.7% -0.8% -6.9%
WASHINGTON
182.98 1.1% -0.3% 4.3%
COMPOSITE-10 151.66 -0.6%
-1.2% -2.9%
COMPOSITE-20 138.16 -0.8%
-1.1% -3.6%
Source: Standard & Poor's and Fiserv
Data through March 2011
The chart on the previous page shows the index levels for the U.S.
National Home Price Index, as well as
its annual returns. As of the first quarter of 2011, average home
prices across the United States are back
at their mid-2002 levels. The National Index level hit a new low
in the first quarter of 2011; it fell by
4.2% in the first quarter of 2011 and is 5.1% below its 2010Q1
level.
Eleven cities and both Composites have posted at least eight
consecutive months of negative month-overmonth
returns. Of these, eight cities are down 1% or more. The only
cities to post positive improvements
in March versus their February levels are Seattle and Washington
D.C. with monthly returns of +0.1%
and +1.1% respectively.
The table below summarizes the results for March 2011. The
S&P/Case-Shiller Home Price Indices are
revised for the 24 prior months, based on the receipt of
additional source data. More than 23 years of
history for these data series is available, and can be accessed in
full by going to
www.homeprice.standardandpoors.com
Since its launch in early 2006, the S&P/Case-Shiller Home
Price Indices have published, and the markets
have followed and reported on, the non-seasonally adjusted data
set used in the headline indices. For
analytical purposes, Standard & Poor’s does publish a
seasonally adjusted data set covered in the
headline indices, as well as for the 17 of 20 markets with tiered
price indices and the five condo markets
that are tracked.
A summary of the monthly changes using the seasonally adjusted
(SA) and non-seasonally adjusted
(NSA) data can be found in the table below.
NSA SA NSA SA
US National -4.2%
-1.9% -3.6% -1.8%
Metropolitan Area NSA SA NSA SA
Atlanta -1.9% -1.2% -0.1%
0.6%
Boston -1.7% -0.9% -1.5%
-0.7%
Charlotte -2.4% -2.6% -1.3%
-0.8%
Chicago -2.4% -0.8% -2.2%
-0.7%
Cleveland
-1.8% -1.3% -0.7% 0.6%
Dallas -0.8% -0.8% -0.2%
0.3%
Denver -0.6% -0.3% -1.2%
-0.5%
Detroit -2.0% -0.7% 0.8% 1.8%
Las Vegas -1.1% -0.6% -1.0%
-0.4%
Los Angeles -0.3%
0.1% -1.0% -0.1%
Miami -0.8% 0.3% -2.0% -1.5%
Minneapolis -3.7%
-2.5% -3.3% -1.5%
New
York -0.9% -0.1% -0.6% -0.2%
Phoenix -0.5% 0.1% -0.7%
0.1%
Portland -0.7% -0.4% -1.6%
-0.8%
San Diego -0.8% -0.9% -1.3%
-0.8%
San Francisco -0.1%
0.5% -2.6% -1.6%
Seattle 0.1% 0.2% -1.9%
-1.7%
Tampa -0.7% 0.0% -0.8% -0.1%
Washington 1.1% 1.2% -0.3%
0.5%
Composite -10 -0.6% -0.1%
-1.2% -0.3%
Composite -20 -0.8% -0.2%
-1.1% -0.2%
Source: Standard & Poor's and Fiserv
Data
through March 2011
March/February Change (%) February/January
Change (%)
2011 Q1/2010 Q4 2010 Q4/2010 Q3
S&P Indices has introduced a new blog called HousingViews.com.
This interactive blog delivers realtime
commentary and analysis from across the Standard & Poor’s
organization on a wide-range of topics
impacting residential home prices, homebuilding and mortgage
financing in the United States. Readers
and viewers can visit the blog at www.housingviews.com , where feedback and
commentary is certainly
welcomed and encouraged.
The S&P/Case-Shiller Home Price Indices are published on the
last Tuesday of each month at 9:00 am
ET. They are constructed to accurately track the price path of
typical single-family homes located in each
metropolitan area provided. Each index combines matched price
pairs for thousands of individual houses
from the available universe of arms-length sales data. The
S&P/Case-Shiller National U.S. Home Price
Index tracks the value of single-family housing within the United
States. The index is a composite of
single-family home price indices for the nine U.S. Census
divisions and is calculated quarterly. The
S&P/Case-Shiller Composite of 10 Home Price Index is a
value-weighted average of the 10 original
metro area indices. The S&P/Case-Shiller Composite of 20 Home
Price Index is a value-weighted
average of the 20 metro area indices. The indices have a base
value of 100 in January 2000; thus, for
example, a current index value of 150 translates to a 50%
appreciation rate since January 2000 for a
typical home located within the subject market.
These indices are generated and published under agreements between
Standard & Poor’s and Fiserv, Inc.
The S&P/Case-Shiller Home Price Indices are produced by
Fiserv, Inc. In addition to the S&P/Case-
Shiller Home Price Indices, Fiserv also offers home price index
sets covering thousands of zip codes,
counties, metro areas, and state markets. The indices, published
by Standard & Poor's, represent just a
small subset of the broader data available through Fiserv.
For more information about S&P Indices, please visit www.standardandpoors.com/indices .
About S&P Indices
S&P Indices, the world’s leading index provider, maintains a
wide variety of investable and benchmark
indices to meet an array of investor needs. Over $1.25 trillion is
directly indexed to Standard & Poor's
family of indices, which includes the S&P 500, the world's
most followed stock market index, the
S&P/Case-Shiller Home Price Indices, the leading measure of
U.S. home prices, the S&P Global BMI, an
index with approximately 11,000 constituents, the S&P GSCI,
the industry's most closely watched
commodities index, and the S&P National AMT-Free Municipal
Bond Index, the premier investable index
for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices .
Standard & Poor’s does not sponsor,
endorse, sell or promote any S&P index-based investment product.
For more information:
David R. Guarino
Standard & Poor’s
Communications
212-438-1471
[email protected]
David Blitzer
Standard & Poor’s
Chairman of the Index Committee
212-438-3907
[email protected]
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY
Times “Market’s
Wall of Worry” post yesterday about the prospects of the Income line
of the GDP being reduced by necessity. Cut Medicare and lerss money will
be spent on health care, less money on medical instruments, less money on
drugs, on pills, on doctotrs visits.Less money on healthcare means less money
circulating and so less tax revenue. It’s a future scenario few of us
want to contemplate. A runup to possible default will not be positive for the
stock market. Even if dfefault is avoided then, the notion that Wall
Street doesn’t get the crisis measns there’s too much denial of reality in
stock prices. I’m with David Brooks.’
TEMPLETON
chairman: Financial Crisis 'Around Corner'... By Kana
Nishizawa / Bloomberg - May 30, 2011 ‘ Mark
Mobius , executive chairman of Templeton Asset Management’s emerging markets
group, said another financial crisis is inevitable because the causes of the
previous one haven’t been resolved. “There is definitely going to be another
financial crisis around the corner because we haven’t solved any of the things
that caused the previous crisis,” Mobius said at the Foreign Correspondents’
Club of Japan in Tokyo today
in response to a question about price swings. “Are the derivatives regulated?
No. Are you still getting growth in derivatives? Yes.” The total value of
derivatives in the world exceeds total global gross domestic product by a
factor of 10, said Mobius, who oversees more than $50 billion. With that volume
of bets in different directions, volatility and equity market crises will occur,
he said. The global financial crisis three years ago was caused in part by the
proliferation of derivative products tied to U.S. home loans that ceased
performing, triggering hundreds of billions of dollars in writedowns and
leading to the collapse of Lehman Brothers Holdings Inc. in September 2008. The
MSCI AC World Index of developed and emerging market stocks tumbled 46 percent
between Lehman’s downfall and the market bottom on March 9, 2009. “With every
crisis comes great opportunity,” said Mobius. When markets are crashing,
“that’s when we’re going to be able to invest and do a good job,” he said. The
freezing of global credit markets caused governments from Washington to Beijing to London to pump more than $3
trillion into the financial system to shore up the global economy. The MSCI AC
World gauge surged 99 percent from its March 2009 low through May 27.
‘Too Big to Fail’ The largest U.S. banks have grown larger since the
financial crisis, and the number of “too-big-to-fail” banks will increase by 40
percent over the next 15 years, according to data compiled by Bloomberg.
Separately, higher capital
requirements and greater supervision should be imposed on institutions
deemed “too important to fail ” to reduce the chances of
large-scale failures, staff at the International
Monetary Fund warned in a report on May 27. “Are the banks bigger than they
were before? They’re bigger,” Mobius said. “Too big to fail.” The money manager had earlier
said at the same event that Africa
has an “incredible” investment potential and that he has stakes in Nigerian
banks.
“These banks are doing very well and are much better
regulated than they were in the past,” Mobius said, without disclosing which
lenders he holds. Banks account for five of the eight stocks in the MSCI
Nigeria (MXNI) Index. Guaranty Trust Bank Plc, the country’s No. 2 lender
by market value, surged 31 percent in the six months through May 27, according
to data compiled by Bloomberg. Shares of Access Bank Nigeria Plc recorded the second-biggest
decline on the gauge in the period, the data show.
To contact the reporter on this story: Kana Nishizawa
in Tokyo at [email protected]
To contact the editor responsible for this story:
Nick Gentle at [email protected] ‘
U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes March
S&P/Case-Shiller index .
The 20-city
index was down 3.6% from a year ago in March, marking “the confirmation of a
double-dip in home prices across much of the nation,” said David Blitzer,
chairman of the index committee at S&P Indices. “Home prices continue on
their downward spiral with no relief in sight.”
For the first
quarter, average prices were down 4.2%, after dropping 3.6% over the last three
months of 2010. The drop back into a double-dip, which has been anticipated for
months, comes as the housing market continues to give back the gains built up
during a debt-fueled bubble that saw an unprecedented surge in prices until the
subprime meltdown signaled the first cracks in the dam a few years ago.
While the
housing market is contributing little, if anything, to the sluggish U.S.
economic recovery, the stock market appears reconciled to that fact, mostly
because it has been
telegraphed for months . Despite the soft reading from the
S&P/Case-Shiller index Tuesday, major equity indexes returned from the
Memorial Day break with a vengeance.
In the first
five minutes of trading the Dow Jones industrial average was up 121 points at
12,563. All 30 blue-chip components were in the green including Home Depot , up 0.5%, which has faced challenges in recent
years as its core business operates at the intersection of housing and consumer
spending.
The S&P
500 gained 13 points to 1,344, while the Nasdaq added 29 points to 2,826. Among
the few big losers in early trading was Nokia, down 13% after cutting its
earnings outlook for the second quarter and full fiscal year. (See “Nokia
Sees Q2 Worse Than Expected.” )’
Another
Financial Crisis Is On The Way, Mobius Says at Forbes Halah
Touryalai Working Capital ‘ ‘Warren
Buffett called them weapons of mass destruction. Now those same products,
known as derivatives, are pushing the world closer to another financial crisis. “There is
definitely going to be another financial crisis around the corner because we
haven’t solved any of the things that caused the previous crisis. Are the
derivatives regulated? No. Are you still getting growth in derivatives? Yes.”
That was his
response to a question about price swings at the Foreign Correspondents’ Club
of Japan in Tokyo today, according
to Bloomberg.
Derivatives
are financial instruments whose value is based on some underlying asset, like a
mortgage for instance, and and can be used to either hedge risk or for completely
speculative positions. There are all kinds of derivatives investors can invest
in or against including something called the death
derivative where, you guessed it, investors bet on people’s deaths.
The most
infamous derivatives are the ones tied to residential mortgages and which led
to the demise of the financial system back in 2008. When homeowners began
defaulting on their mortgages the affect was nearly detrimental to all the
financial institutions that shared the risk through these exotic derivatives.
An IMF
report from 2010 puts it this way:
Over-the-counter
(OTC) derivatives markets have grown considerably in recent years, with total
notional outstanding amounts exceeding $600 trillion at the end of June 2009
(Figure 3.1). During the financial crisis, the credit default swap (CDS)
market, a part of the OTC derivatives market, took center stage as difficulties
in financial markets began to intensify and the counterparty risk involved in a
largely bilaterally cleared market became apparent. Authorities had to make
expensive decisions regarding Lehman Brothers and AIG based on only partially
informed views.
In fact, the
derivatives battle at Lehman Brothers is still waging on with the counter-parties
in Lehman Brothers derivatives trades still looking to get paid for their bets.
Bankrupt Lehman has been in talks for over a year with about a dozen big-bank
counter-parties about the value of the their claims.
Meanwhile, Mobius says the derivatives market today
is still so rife with bets made in different directions that major volatility
is inevitable and the equity markets will suffer. He said the total value of
derivatives in the world exceeds total global gross domestic product by a
factor of 10, according to the Bloomberg report.
The derivatives market is one that regulators are
attempting to reform right now with new rules scheduled to be implemented this
year. The new rules would require more disclosure and transparency.
But like in other attempts at regulating lucrative
lines of business regulators are facing resistance from Wall Street friendly
lawmakers looking to extend the deadline.
Last week, U.S. Rep. Spencer Bachus co-sponsored a
bill that would approve a measure to delay the implementation of to September
2012. The legislation to delay the implementation of rules was passed last week
with Bachus saying the move was neccessary to “restore order to the Dodd-Frank
Act derivatives rulemaking process.” ‘
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business Insider Joe Weisenthal , Tuesday May 31, 2011 ‘Anyone of the bearish persuasion is pulling
their hair out right now.
But first, the
scoreboard:
Dow: +123.59
And now, the
top stories:
Without a doubt, the #1 story of the moment is
the situation in Greece, a story that's now more than a year old. Over the
weekend, it emerged that the "Troika" (ECB, IMF, EU) were close to a deal , though nothing is signed yet.
Nonetheless, the euro surged, and European markets wen nuts.
(Asian markets also had a really big day,
despite Moody's warning about Japanese debt, and ongoing concerns about
China.)
By the time the US morning came around, it was
all risk-on all the time.
And although this did cause the marke to pull
back, it was obvious that nothing was ever in doubt in terms of the rally,
which ended up being huge. There are all kinds explanations, though the
simplest is that for now earnings are now holding up, and that's what
counts
There really wasn't too much on the corporate
front with earnings season now officially in the big. Apple shares rose on
confirmation that Steve Jobs will appear at the WWDC.
Nokia shares got KILLED after the handset maker lowered its outlook.
Generally, energy was extremely strong all day, as well. Oh, and bonds had
a nice day, continuing to pulverize the shorts.
Greece:
Behold the Default Spiral at The Wall
Street Journal Matt
Phillips ‘Guy LeBas, chief fixed income strategist at Janney Capital Markets,
tossed this chart into a research note he published today on the possibilities
that the Greece situation could develop into a full-blown European contagion.
He writes:Greece is in the
midst of a classic default spiral, one of the great paradoxes of the financial
markets. In its simplest form, a debt spiral begins when an issuer, be it a
corporation, municipality, or country faces an upcoming obligation which it
needs to refinance. If the markets deem that issuer to be a poor credit risk,
that issuer’s cost of selling new debt to pay off its upcoming obligation
rises, increasing expenses and further impairing credit quality.
If this cycle
raises financing costs to unsustainable levels, say 24 – 25%, it becomes wholly
impossible for the issuer to pay off upcoming obligations by issuing new ones,
hence ensuring a default and earning the name debt or default spiral. As a
default spiral is a self-sustaining game, the only way for an issuer to solve a
default spiral is by breaking the rules of the game, namely via obtaining
external assistance (being acquired, or, in our example, obtaining low cost
loans from other governments) or by defaulting. The only way that the first
option, obtaining support, can work is if that support somehow restores
confidence in the spiraling issuer.
[chart http://s.wsj.net/public/resources/images/OB-OC823_Greece_F_20110531145045.jpg ]
Faith In U.S. Dollars And U.S. Debt Is Dead
The Game Is OverMichael Snyder
Eleven
million low and middle-income workers’ pay will ‘flatline’ Mail Online
Memorial
Day BBQ will cost you 29% more this year thanks to inflation Mail Online
Uranium
Stocks Under Siege as Fukushima Continues Spewing Radiation James West
What Would
Fractional Silver Mean? Jimm Motyka
When
Faith In U.S. Dollars And U.S. Debt Is Dead The Game Is Over Michael Snyder
Save Us From The
Tyranny Of Bankers We hope all of our appearances on Greek TV, radio and in
the press have helped the educational process and to allow the Greeks to
identify who the real culprits are, and what to do about it. A 62% Top Tax Rate? Democrats
have said they only intend to restore the tax rates that existed during the
Clinton years. In reality they’re proposing rates like those under President
Carter. The
Economic Death Spiral Has Been Triggered For nearly 30 years we have had
two Global Strategies working in a symbiotic fashion that has created a
virtuous economic growth spiral. Unfortunately, the economic underpinnings were
flawed and as a consequence, the virtuous cycle has ended. It is now in the
process of reversing and becoming a vicious downward economic spiral.
Utah
Law Makes Coins Worth Their Weight in Gold (or Silver) Utah has passed a
law intended to encourage residents to use gold or silver coins made by the Mint
as cash, but with their value based on the weight of the precious metals in
them, not the face value — if, that is, they can find a merchant willing to
accept the coins on that basis. Markets
Fret About Euro ‘Slow-Motion Car Crash’ Reports that Greece has not met any
of the fiscal targets set by the International Monetary Fund (IMF) and the
European Union (EU) as part of its 110 billion euros ($157 billion) bailout
knocked down the euro Monday, as other countries in the euro zone are
threatened with being dragged into the Greek morass. Inflation
2011: Honey – They Shrunk Our Paychecks Do you ever have the feeling that
there are holes in your pockets? These days our money seems to slip through our
hands faster than ever. The
Greek “Ultimatum”: Bailout (For The Bankers) And (Loss Of) Sovereignty So
after one year of beating around the bush, it is finally made clear that, as
many were expecting all along, the ultimate goal of the Greek “bailouts” is
nothing short of the state’s (partial for now) annexation by Europe. U.S.
home price index falls to double-dip in March Chicago Tribune
Uranium
Stocks Under Siege as Fukushima Continues Spewing Radiation James West
What Would
Fractional Silver Mean? Jimm Motyka
No
cash to pay your debts? We’ll take your gold, Greece! This week Max Keiser
and co-host, Stacy Herbert, report on the oil traders puking on markets and the
gold confiscators eyeing Greece, Portugal, Spain and Italy. In the second half
of the show, Max talks to former chief forex trader for VISA, Jon Matonis of
TheMonetaryFuture.blogspot.com, about Bitcoin, the new peer-to-peer
crypto-currency. National
/ World WHO Lists Cell
Phones as Cancer Hazard The United Nations’ health agency, the World Health
Organization, now lists mobile phone use in the same “carcinogenic hazard”
category as lead, engine exhaust and chloroform. Texas
Lt. Gov. Dewhurst Calls for Special Session Texas Lt. Gov. David Dewhurst,
who played a pivotal role in sabotaging a bill that would have criminalized TSA
groping in the state’s airports, has written a letter to Gov. Rick Perry asking
for a special session. Nanny
State Betrays Decline and Fall of America Two more ridiculous examples of
the nanny state kicking into high gear add to the overwhelming weight of
evidence indicating that America is in a state of terminal decline, with an
overtly authoritarian big government enforcing a command and control system at
every level of society. Ron
Paul: We Are Enabling A Future American Dictatorship 2012 Presidential
candidate Ron Paul has warned that a lack of oversight from Congress, the media
and the American people is enabling the rise of a dictatorship in the US. Pentagon
Declares War On Cyber Enemies The Pentagon has announced that computer
intrusions from abroad are to be considered acts of war against the United
States and will be answered with conventional military force. Afghan
leader warns NATO not to become ‘occupying force’ President Hamid Karzai
warned NATO-led forces in Afghanistan on Tuesday they were at risk of being
seen as an occupying force rather than an ally after a spate of civilian
casualties, and said he would take unspecified “action” if they continue. Footage
of Western Troops Confirms Criminality of War on Libya Proof that armed
western forces are on the ground in Libya advising rebels confirms that the
entire legal premise behind the NATO-led intervention has been shattered and
the campaign is now a criminal act of warfare that has nothing whatsoever to do
with the original justification of protecting civilians. 40
Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S.
Economy It is time to face the truth. The Chinese economy is simply beating
the living daylights out of the U.S. economy. Whether you want to call it a
rout, a slaughter or a thrashing, the reality is that the Chinese are
absolutely embarrassing America on the global economic stage. Western
Troops Disguised as Arabs Witnessed on the Ground In Libya Armed westerners
have been filmed on the front line with rebels near Misrata in the first
apparent confirmation that foreign special forces are playing an active role in
the Libyan conflict. Former
Head Of CIA Bin Laden Unit: “Main Recruitment Sergeant For Al Qaida Is Barack
Obama” Ex CIA intelligence officer turned whistleblower and activist,
Michael Scheuer, has launched a blistering attack on the political
establishment, over its handing of the so called war on terror, asserting that
the entire rationale behind it is based on outright lies and deception. WHO Lists Cell Phones as Cancer Hazard Kurt Nimmo Nanny State Betrays Decline and Fall of America Paul Joseph Watson Pentagon Declares War On Cyber Enemies Kurt Nimmo U.S.
Military Personnel, Veterans Give Obama Lower Marks U.S. military veterans
and those currently on active military duty are less likely to approve of
President Obama’s job performance than are Americans of comparable ages who are
not in the military. Stop
Obama’s Unconstitutional Power Grab! The Congressman sounds off on the
blatant violation of war powers by the Obama administration. Downgraded
Typhoon Poised to Spread Fukushima Radiation Once again, TEPCO, the utility
company responsible for the Fukushima disaster, is ill-prepared to protect the
people of Japan. High
radioactivity found in Japan nuclear workers Two workers from Japan’s
stricken Fukushima nuclear plant have been contaminated by high levels of
radioactive iodine, the operator said Monday, prompting fears over their long-term
health. Britain
steps up mind games against Muammar Gaddafi Britain has stepped up the
psychological and military pressure on Muammar Gaddafi by claiming his
departure is inevitable as it prepares to deploy bunker busting bombs,
helicopters and to introduce regular daytime air raids on Tripoli. Big
Sis Pre-Crime System to Scan Americans For “Malintent” Chilling technology
straight out of Minority Report that would subject Americans to pre-crime
interrogations and physiological scans to detect “malintent” at sports
stadiums, malls, airports and other public places has moved closer to being
implemented after Homeland Security’s FAST program passed its first round of
testing. Corporate
Media Attacks Alex Jones, Defends TSA Perverts Following a successful rally
on the capitol in Austin last week to protest a decision by lawmakers to back
down on a bill to stop TSA molestation, apologists for a tyrannical state are
coming out of the woodwork in defense of goons sticking their hands down the
pants of six year old kids. Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President
Hamid Karzai called on the US military on Sunday to avoid operations that kill
civilians, saying it was his “last warning” to Washington after 14 people
allegedly died in an air strike. Corporate Media Attacks Alex Jones, Defends TSA Perverts Kurt Nimmo On
Memorial Day: Remember Roger
Young Anatomy of a Murder: How NATO Killed Qaddafi Family
Members Cynthia McKinney From Bush to
Obama, the snooping goes on Two Democratic senators, Ron Wyden of Oregon
and Mark Udall of Colorado, have accused the Obama administration of using
Section 215 for purposes not intended by Congress. Obama
Pledges to Continue War Against Libya During Globalist Confab Appearing at
the globalist confab in the French resort of Deauville, Obama said on Friday
the U.S. and NATO will not rest until they “finish the job’ in Libya. The
Fake ICC & the Globalist Strategy of Tension Russia’s President
Medvedev, according to the Australian, has “endorsed calls for Colonel Gaddafi
to leave office and offered to help to negotiate his exit. ” It is a move that
has “surprised and delighted” both London and Washington after Russia’s initial
protest against the extralegal military action that was executed upon an Iraq
War-style pack of lies. Cooling
system stops at No.5 reactor in Fukushima Cooling system at a reactor of
the crippled Fukushima No.1 nuclear power plant stopped from Saturday, the
plant’s operator said Sunday. Radioactive
materials found off Miyagi and Ibaraki Japan’s science ministry has
detected extraordinarily high levels of radioactive cesium in seafloor samples
collected off Miyagi and Ibaraki Prefectures. Texans
Revolt Against TSA Tyranny, Storm Capitol Exclusive footage of the Texas
Capitol takeover Wednesday, when angry demonstrators led by radio host Alex
Jones descended upon the Senate to rebuke threats used to quash a TSA bill that
passed the House unanimously and was poised to clear the Senate with 30 of 31
senators supporting. Tripoli
Blast May Signal New Nato Tactic A blast in central Tripoli has been
attributed to a Nato strike – signalling a possible switch in tactics by the
forces trying to unseat Libyan leader Muammar Gaddafi. Why Is The Economy So Bad?
Millions of Americans have lost
their homes, tens of millions of Americans can’t find a decent job and 44
million Americans are on food stamps. Video: Illegal Dancing at the Jefferson Memorial Infowars.com Downgraded Typhoon Poised to Spread Fukushima Radiation Kurt Nimmo Big Sis Pre-Crime System to Scan Americans For “Malintent”
Paul Joseph Watson US sorry for deadly Afghan air
strike ABC Online Afghan officials say up to 14 people, mostly
children, were killed in the air strike. (Reuters) Foreign forces in
Afghanistan have offered their "heartfelt apologies" for an air
strike that killed up to 14 ... NATO apologizes for Afghan civilian deaths ISAF apologises for Afghan civilian deaths http://news.yahoo.com Civilian casualties caused by ISAF and US Forces in the
War ... The War in
Afghanistan has caused the deaths of thousands of Afghan civilians directly
from NATO and ISAF military action.
Loughner
ruling creates trial obstacles
Treatment to restore mentally unfit defendants to competence can take
years or fail altogether. (Washington Post) [ Obstacles? I’d say so! In a
nation as america which sports a population of inherently mentally ill
realistically, if not reported, in excess of
90% by my estimation based upon realities (criminally insane, inherently
criminal included), I’d say that’s problematic indeed. I personally am with
Utah on this which does not allow the insanity defense (Montana, Idaho, joined
by a fourth, Kansas, in 1995). You do the crime (which still must be proven
beyond a reasonable doubt and intense scrutiny of scapegoating / set-ups, etc.
– hence, the clearest and undisputable scenarios as Loughner, Hinckley, etc.),
you’ll at least do the time. Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach
fostered by the purveyors of global unrest; viz., israel, america, Orwellian
england, etc..; more specifically, diversion of the masses from the glaring
failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Court
nixes campaign-donation ban Federal judge rules law prohibiting direct
corporate contributions to candidates is unconstitutional. (Washington Post) [
This oligarchy / plutocracy of ours … no surprise there … one way or another,
they’re all getting’ bribed … worked well for the biggest frauds on wall
street, goldman et als … Roche 'The worst part of
it ...Obama, who vowed change, has done
almost nothing to fix any of it and in fact continues most of the policies that
helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on
the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on
wall street ( and declares with oscar in hand that not one high level wall
street exec has been prosecuted … despite ‘earning’ billions from the fraud ) Choose Your Hathaway: Berkshire or Anne Sizemore mnemonics’, loosely speaking, are kind of like Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy, it’s never been higher.
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
A
seismic shift in the defense industry Gone are the days of
“no-questions-asked funding requests.” Pentagon must now make do with less.
(Washington Post) [ I think there are many who’ll say they’ll believe it when
they really see it; and, beyond the off-budget-item chicanery. I’m certainly
one, and so is Davis: Davis ‘This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones U.S. intelligence is that bin Laden dialysis http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Israeli
central banker to bid for IMF? (Washington Post) [ Dumb as they are by most
measures of same including the IMF’s mission and purpose, I doubt even they’d
be that self-destructively dumb in light of their destructive,
nation-bankrupting follies / adventurism in the Mideast for which they’re
already suspect in terms of foolishly, self-defeatingly pro-israeli
policy. Krauthammer:
What Obama did to Israel (Washington Post) [ The fundamental problem with
Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those land (war) and the numerous violations of u.n. resolutions
(ie., 242, 338, etc., and oslo accords, etc.), international, war crimes
(flotilla raid, etc.) since then. He thus becomes the journalistic equivalent
of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If
only one could realistically ignore the detriment the world and america have
suffered as a direct consequence of this foreign policy bent … Top
Democrats criticize Obama’s Israel policy
(WP) [ What policy … to him, just words … more b***s*** . I’ve thus far
refrained from commenting on what I’ve anticipated to be ‘just more of the
same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the
wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President Truman
the states of New York, Pennsylvania, and California, it was about time that
somebody should pay some consideration to whether we might not lose the United
States. Israeli actions over the past 53 years involving U.S. interests in the
Middle East seriously challenge the "strategic asset" premise of the
Israeli lobby. Some of these actions are compiled in the list that follows: ’
] Netanyahu
lays out vision for Mideast peace (WP) [
Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at
america’s substantial cost and detriment. ]
Pakistani
military worried about infiltrators
(Washington Post) [ Yeah! In Pakistan and the rest of the Middle East
they’re realistically called americans / cia, etc.. After all, death and
destruction doesn’t play well in any nation, particularly when those doing the
raping, pillaging, and plundering can’t even manage their own national
affairs. 63
percent of people killed in Iraq war were civilians: report Xinhua U.S.-led wars in Iraq and Afghanistan have been
causing huge civilian casualties
Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones U.S. intelligence is that bin Laden dialysis http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Russians
park billions abroad (Washington Post) [ If only Americans were that smart
in diversifying / hedging their investment risks:7
Market Hazard Signs Traders Have Been Ignoring at Minyanville / Erik Swarts May
27, 2011 ‘… stocks AAPL equity http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg
King's wishes . The chart below shows the relative
disconnect ..should not be ignored or passed off as insignificant. ..http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg
acceleration http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg
YAHOO
[BRIEFING.COM] ‘…Pending home sales for April plummeted a much
sharper-than-expected 11.6%…’ Debased dollar, hyperinflationary realities
and expectations rallies stocks on the
bad news. Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]7
Market Hazard Signs Traders Have Been Ignoring at Minyanville / Erik Swarts May
27, 2011 ‘It's been said that the market
is hanging in there, but the market has a way of distracting your attention
from where it should be focused most. risk stocks AAPL equity http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg
King's wishes . The chart below shows the relative
disconnect over the past year. This chart should be qualified, in that yields
have been in a downtrend relative to the SPX for almost three decades. With
that said, the degree of yield erosion relative to the SPX over the past two
months should not be ignored or passed off as insignificant. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg
GDP http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg
acceleration http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg
agnostic trading approach . Editor's Note: This article was originally
posted on Market Anthropology .’
Global
Stock Seasonality: Tout Le Monde Vendez en Mai Forbes / Sy Harding ‘When investors think of the stock market’s
annual seasonality, as expressed by the adage ‘Sell in May and Go Away,’ they
usually relate it to the U.S. market.In fact, the historical pattern of
stock markets making most of their gains in the winter months, and experiencing
most of their bear market declines and corrections in the unfavorable summer
months, is also common in global markets.Since investors have become much more
comfortable with investing in global markets in recent years, in fact have
poured money into emerging markets at a record pace, recognition that the
seasonal pattern is global is potentially of considerable importance,
especially this year.A 27-page academic study conducted at the Rotterdam School
of Management in the Netherlands and published in the American
Economic Review in 2002,
concluded, “Surprisingly we found this inherited wisdom of Sell in May
to be true in 36 of 37 developed and emerging markets. Evidence shows that in
the United Kingdom the seasonal effect has been noticeable since 1694. . . . A
trading strategy based on this anomaly would be highly profitable in many
countries. The average annual risk-adjusted outperformance ranges between 1.5%
and 8.9%, depending on the country being considered. The effect is robust over
time, economically significant, unlikely to be caused by data-mining, and not
related to taking excess risk.” Stock markets outside of the U.S. seem to be significantly in the lead
on the downside in this unfavorable season. For instance, the S&P 500 is
only 2% below its recent top on April 29, the last trading day of April
(potentially in keeping with the ‘Sell in May and Go Away’ rule to sell on May
1).However, in the rest of the world quite serious stock market corrections are
underway. The important markets of China (the world’s 2nd largest
economy), Japan (the world’s 3rd largest economy), Hong Kong, India,
Brazil, and Russia are already down an average of 12% from their recent peaks,
and have broken down through key support levels, including their long-term
200-day moving averages. Other important markets, including Mexico, Canada,
Britain, France, and South Korea have already broken down through key
intermediate-term support levels, including their 20-week moving averages.That
global markets are so far ahead of the U.S. market on the downside leads me to
believe they will become oversold first and perhaps be the first to bottom and
turn back up when the time to buy arrives again.Meanwhile, the studies of
seasonality point out that a seasonal investor outperforms the market over the
long-term (occasional years when it does not work notwithstanding), while being
at risk in the market only six months each year, and moving to cash for the
other six months.They do not take into consideration the additional gains the
seasonal investor can make in the unfavorable season in areas other than
cash.To name a few; bonds, gold, and currencies often move independent of the
direction of the stock market, and can rally when the stock market is in a
decline. And all are easy enough for investors to take advantage of via mutual
funds, and even more efficiently via ETFs (exchange-traded-funds).If seasonal
investors are fluent in market analysis, particularly technical analysis, which
can help define when an unfavorable season will not just be a ‘dead zone’ but
will probably see a substantial correction, significant gains can be made from
the downside even faster than from the previous rally period. That’s because
when the market goes down it tends to go down much faster than it went up,
often losing a year of previous gains in a matter of a few months.And holdings
are available to harness the power of such market declines, including ‘inverse’
mutual funds and ‘inverse’ ETFs, which are designed to move opposite to a particular
market or market sector.In my opinion then, the U.S. market has some catching
up to do on the downside, while selected global markets, considerably ahead of
the U.S. market on the downside, are liable to bottom first and provide the
earliest buying opportunities.In the interest of full disclosure, I and my
subscribers have some recent new positions in a bond ETF, a currency ETF, and
selected inverse ETFs against the U.S. market.’
End-of-Month
Window Dressing: Dave's Daily at
TheStreet.com ‘ Consumer
Metrics Institute 's opinion and conclusion is as follows:
http://www.thestreet.com/tsc/daves/052711/image002.jpg
"The
levitation effect provided by the Federal fiscal stimulus packages will begin
to wilt soon, as will Mr. Bernanke's monetary magic when QE-2 lapses in June.
At some point in time the GDP will revert to tracking the 70% of the economy
provided by consumer spending. When that happens, the glaring gap in the above
graph will close, and most likely with the upper line converging towards the
lower, rather than the other way around. We have said before that our consumers
seem to know that the headline recovery in the S&P 500 trading
S&P Stuck in a Rut - Why and Where Will it Break? Simon Maierhofer, On Thursday May 26, 2011
‘This entire week the S&P has been stuck in a rut. Aside from a few brief
spikes outside its trading range, the S&P has been sluggish and moved with
the velocity of molasses.
The
Memorial Day Lull
Part of the
reason is the upcoming Memorial Day weekend. Trading before the Memorial Day
weekend tends to be lackluster and uninspired, but come Tuesday (markets are
closed on Monday) volatility (Chicago Options: ^VIX) is likely to increase.The
holiday weekend is just part of the story though. There are other compelling
reasons why trade is so frustratingly sluggish.
Compelling
Reason to be Dull
The ETF Profit
Strategy Newsletter's technical forecast for the week ahead stated that: 'The
initial downside from the May 2 high may not be finished yet, but it appears to
be limited. If the lower trend line at 1,325 is broken, we are looking for
lower prices but are mindful that various support levels should keep downside
action contained.'The S&P dropped below the 9-month trend line support
first thing Monday morning, but didn't really go anywhere thereafter. Such a
trend line breach is usually significant, but it wasn't, at least not thus
far.The chart below shows why downside momentum didn't increase. The ETF Profit
Strategy Newsletter pointed out this month's and week's pivot support (s1 to be
precise) at 1,319 and 1,317. As you can see, the S&P has stuck to s1 like
gum to shoe.What are pivots, you may ask? Pivot points are determined as the
average of the previous sessions trading range combined with the closing price.
The numbers for support and resistance that are calculated indicate the
potential ranges for the next time frame based on the past weight of the
market's strength or weakness.Pivots are fractal and can be calculated for
various time frames. I usually pay attention to weekly and monthly pivots.http://www.etfguide.com//contributor/UserFiles/8/Image/article%20new%205%2026%2011.gif
The blue lines
in the chart illustrate the 20 and 50-hour simple moving averages (SMAs). Since
Wednesday, the S&P has been sandwiched between the two. As you can see,
there is plenty of technical reason for the current trading range.
Where
Will it Break?
Every trading
range ends eventually. Often such range bound churning and indecision precedes
significant moves and serves as a springboard. There is certainly a distinct
seasonal post-Memorial Day bias that supports this notion.Once this trading
range is broken, the focus moves on to the next support or resistance. Next
resistance to the up side is 1,325, a Fibonacci projection level. Look at the
chart and you will see how attempts to move beyond 1,325 were thwarted on
Wednesday and earlier today. A break above 1,325 would open the door to higher
prices.Fibonacci levels are powerful trading tools and should not be dismissed.
One important Fibonacci level the ETF Profit Strategy Newsletter isolated as
target and resistance in April was 1,369.The importance of this level was
confirmed on May 1, when the newsletter recommended shorting the S&P
against 1,369. The S&P topped the very next day at 1,370 and declined as
much as 50 points thereafter.The ETF Profit
Strategy Newsletter SPY News IVV News VOO News IVE News IVW News VOOV News VOOG News SDS News SSO News UPRO News SPXU News
The Week Ahead: Can Stocks Climb the Wall of Worry? Forbes / Tom
Aspray ‘Last week’s financial headlines may have caused many stock investors to
run for the exits, as there was very little to make one think that stocks could
move higher. Here is a sampling:
Demand For Durable Goods Falls the Most in 6
Months Countries Urged To Raise Rates Goldman Says Brent Will Hit $130 Revenue Slide Dents Banks’ Recovery Draghi Warns on Global Recovery Fears of Debt Contagion Return to Eurozone UK Lenders Face Rating Downgrade Steep Quarterly Drop For Home Prices
Despite the concerns over debt contagion, a double
dip in the economy, and slower growth in China, the US stock market was
surprisingly strong. The early-morning declines on Wednesday and Thursday were
met with good demand.
Therefore, even though the major averages made new
correction lows, the market had plenty of reasons to drop more sharply. For
most of the week, Tuesday’s headline from the Financial Times,
So even though the stock market was not as strong as
I had forecast last week, I am sure most were surprised that it closed higher.
Sentiment measures continue to get more negative, with only 25% bullish in a
recent AAII survey. This is the lowest reading since last summer.
Last week’s pending home sales dropped 11%—but new
home sales were stronger than expected, giving some home builders a boost. On
Tuesday, we get more housing data, as the S&P Case-Shiller price index will
be released along with consumer-confidence numbers.
Of course, this is another jobs week, with a
preliminary reading Wednesday from the ADP Employment Report, followed by
jobless claims Thursday and the monthly employment report on Friday. Also out
Wednesday is the ISM Manufacturing Index, with the ISM Non-Manufacturing
following on Friday.
As the headlines show, there are still plenty of
problems facing the Eurozone, and the Strauss-Kahn scandal has not helped—the
BRIC countries, among others, are not in favor of a new IMF head from the
Eurozone. Also, as my colleague Jim Jubak suggests, “Another
Quick Fix For Greece ” is likely.
Euro investors have also been moving away from risk,
as the yields on German debt have dropped 3%, matching similar yield declines
in both the UK and the US. Nevertheless, the DJ STOXX Europe 600 was able to
close the week well above the lows, as it tested strong support in the 272 to
274 area early in the week.
Commodity prices have bounced nicely from the
mid-month lows, and the strength in copper may be a sign that the economy is
really stronger than most expect. Crude oil has bounced from the recent lows,
but is now hitting first strong resistance. Technically, this rally looks as
though it will be followed by a further decline.
Page 2 of 3)
WHAT TO
WATCH
http://graphics.moneyshow.com/investing/Guru/Gurus052711_1_med.gif
S&P
500 Spyder Trust (SPY ) tested its downtrend (line a) on Friday, and still has
strong resistance at $135.36. A daily close above this level should confirm
that the correction is over. A test of the May 2 highs at $137.18, if not a
move to the $138.50 area, is still a distinct possibility.
The low for SPY at $131.38 is now the critical level,
with the daily uptrend (line c) now at $130.50. If this level is violated, the
April lows are at $129.51 (line b).
The S&P 500 A/D line has turned up, and is very
close to breaking its downtrend. It did make new highs in May, and is still
well above long term support (line d).
Dow
Industrials Diamonds Trust (DIA ) also appears to have completed a short-term bottom,
but is slightly lagging the SPY. DIA has just filled the gap from last Monday’s
opening. There is still a strong band of resistance in the $126.50 to $127.50
area.
The support level to watch now for DIA is $122.80,
while the April low and major support follows at $120.65.
Dow
Transportations
A close above 5,500 is needed to complete the
correction and signal a rally to new highs in the 5,650 to 5,700 area.
If one of the other major averages is able to exceed
the May highs, and the Transports fail to make a new high, it would be a
warning sign.
Nasdaq-100 PowerShares QQQ Trust (QQQ ) to lead the market on the next rally, but it has
continued to lag. It will now take a much stronger rally for QQQ to take over
leadership.
The first hurdle is the resistance in the $58.50 area
with major at $59.34 area.
The down gap last Monday violated the support in the
$57 area as QQQ hit a low of $56.47 which weakened the short term outlook.
There is now important support below $56.
Russell
2000 Shares Russell 2000 Trust (IWM ) has concerned me for several months, and last week it
dropped below the April lows. This is a further sign of weakness, and as I
noted several weeks ago the A/D line on the Russell 2000 failed to make a new
high with prices in April.
The rebound in IWM is likely to fail in the $85 to
$85.50 area, even if the SPY makes new highs. Therefore, the current rally
should be used as an opportunity to move out of both small and mid-cap stocks.
Once below the recent lows at $80.76, the next major
support is in the $77.50 to $78 area.
NEXT: Sector Focus
Here’s
Why Pending Home Sales Plummeted in April Wall St. Cheat Sheet May 27,
2011 ‘ According to the National Association of Realtors , The Pending Home Sales
Index (PHSI) , a forward-looking indicator, dropped 11.6 percent to 81.9 in
April, down from 92.6 in March. The number is down 26.5 percent from a peak
111.5 in April 2010 when buyers were rushing to meet the deadline for the home
buyer tax credit.This data reflects contracts, but not closings, which usually
don’t occur until a month or two after contracts are signed.The news hasn’t
done much for real estate stocks (NYSE:IYR ), down 0.06% today, but might be responsible for
the 0.86% hike in home builders stocks (NYSE:XHB ).While the PHSI in the Northeast actually rose
1.7% to 64.5 in April, it is still 33.4% below its figure for this time last
year. PHSI in the Midwest is down 10.4% to 74.1, down 30.2% from April 2010.
Pending home sales in the South dropped the most at a decline of 17.2% in
April, 27% below a year ago. Still, the PHSI for the South is 91.3,
significantly higher than that of other regions. In the West the index declined
8.9% to 89.1 and is 16.9% below April 2010 figures…’
Investing
in Precious Metals: Is Gold Worth Dying For? Wall St. Cheat Sheet May 27, 2011 ‘NYSE:GLD ) and silver (NYSE:SLV ) took a breather as the Dow (NYSE:DIA ) and S&P 500 (NYSE:SPY ) closed slightly higher. The markets seem
somewhat confused as the Greek debt crisis lingers on. In times of
uncertainty, investors often turn to gold as a place of refuge. However,
just how expensive is it to really obtain gold? Some gold miners (GLDX)
may find out the hard way.The medical condition known as silicosis could be a
potential problem for some gold miners. Silicosis is the scarring of the
lungs caused by extended exposure to the dust found in South African mines.
These mines are now run by companies such as Harmony Gold Mining (NYSE:HMY ), Gold Fields Ltd. (NYSE:GFI ), and AngloGold Ashanti Ltd. (NYSE:AU ). These miners are now facing coming
lawsuits. HMY fell the hardest on the day, closing 3.57% lower.While the
total number of claims and size of judgements are nearly impossible to estimate
at this time, RBC Capital Markets claims the liability of mining companies
could reach as high as $100 billion. RBC reached this estimate by
assuming there are 300k claimants, each suing for at least 2 million rand.
The Constitutional Court said workers who qualified for state benefits
for occupational related disease, could also receive additional compensation
from their former mining employers.Gold Fields Ltd (NYSE:GFI ) CEO Nicholas Holland said, “It’s
speculative at this stage to assume that there’s going to be a huge number of
suits or whether in fact those suits will even be successful.” Another
miner, Anglo American , is already involved in a silicosis suit that dates back
to 2004, and involves 18 miners (4 of the 18 have already died). The mines
today employ about 160k people, according to the Chamber of Mines.Investors
willing to overlook the lawsuits may want to consider the following ETFs and
stocks: iShares Silver Trust (NYSE:SLV ), PowerShares DB Silver Fund (NYSE:DBS ), ProShares Ultra Silver (NYSE:AGQ ), First Majestic Silver Corp. (NYSE:AG ), SPDR Gold Trust (NYSE:GLD ), Market Vectors Etf Trust (NYSE:GDX ), or Barrick Gold Corporation (NYSE:ABX ).Investors who are bearish in precious metals, or
simply looking for a hedge, may find the following stocks, ETFs, and ETNs
interesting: ProShares UltraShort Silver (NYSE:ZSL ), PowerShares DB Gold Short ETN (NYSE:DGZ ), or PowerShares DB Gold Double Short ETN (NYSE:DZZ ).For more analysis and guidance in the white hot
precious metals sector, consider
a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter. ’
Entitlements:
4 Things You Must Know Now – with Gerri Willis Wall St. Cheat Sheet May 27, 2011 ‘Entitlements have become a big issue now
that the
US has a major debt problem and a record number of boomers are expected to
retire in the coming years. I caught up with Fox Business anchor Gerri Willis
to get a Cheat Sheet for the hot button entitlement issue:
Damien
Hoffman: Gerri, what are entitlements?
Gerri Willis:
Simply put, entitlements are government payouts. Normally we think of Social
Security, Medicare and Medicaid when we say entitlement. Most Americans feel
that getting benefits from these programs is a right because they’ve paid into
them. Corporate America is on the federal dole, too, at times, most recently
when banks (NYSE:XLF ) and auto companies such as General Motors (NYSE:GM ) were bailed out during the financial crisis.
Currently,
Congress is debating how to fix the overspending in Social Security, Medicare
and Medicaid. The problem with these programs is that they’ve morphed from
temporary or short-term safety nets into permanent floors that people rely on.
As a result, the costs of these programs is swamping the
federal budget .
Damien: How
much are we spending on entitlements?
Gerri:
Entitlement spending is the vast majority of our federal
budget and growing every year. This year alone spending on Social Security,
Medicare and Medicaid will account for 57 percent of all federal outlays, and
the spending level is 5.4 percent higher than last year.
Damien: Can we
continue to support those three programs at this level?
Social
Security, Medicare and Medicaid are in big trouble. Social Security will run
out of money in 2036; Medicare in 2024. Already both programs are running a
deficit right now. Social Security has a deficit of $46 billion and Medicare
has $80 billion in red ink.
Damien: Gerri,
in your opinion, what do you think future legislation dealing with this issue
will look like?
Gerri: I
believe we’re going to have to wait awhile for reform. Congress has always been
wary of the third rail of politics and with elections approaching in 2012, they
are wary of tackling anything as controversial as entitlement reform right now.
However, there does seem to be some consensus building for change. Many folks
seem to agree that the age that Social Security recipients receive benefits
should be moved higher, others say that Medicare shouldn’t be available to the
very wealthy or that their benefits should be scaled back in some way. Even
implementing both of those ideas won’t fix the problems we are facing; however,
a more dramatic change is needed to avoid pushing our country into a more
desperate financial crisis.
FOX Business Network wraps up “Entitlement Nation: Makers
vs. Takers” on Friday, May 27th, 2010.
Don’t Miss: CHART
OF THE DAY: Watch the US Debt Set a 60 Year Record . ‘
EVERYTHING
RISES AND THE DIP IS BEING BOUGHT: Here's What You Need To Know Business Insider Joe Weisenthal May 27, 2011 ‘ The
week has clearly ended on a positive note, although we've now seen four
straight weeks of declines.
But first, the
scoreboard:
Dow: +37.20
And now, the
top stories:
Really, it was super quiet and nothing happened.
Probably the most notable thing was that China declined hard again , and has now fallen 11% from
its recent high.
In the very early going, there was a little bit
of excitement when Belgian lender Dexia was halted, but ultimately it
didn't turn out to be much.
In the US, spending data came in a little light,
but it didn't matter. The dip is being bought, and stocks are higher
again. Big day for everything that wasn't the dollar.
Global
Economic Rebound Weakens on Quake, Oil Price, European Debt Crisis Bloomberg
Marc Faber:
Prepare for Another War Jonathan
Chen
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
The Economic Collapse
Second
Biggest Weekly Drop Ever In Treasurys Held In The Fed’s Custodial Account As
Foreigners Dump There was one truly interesting observation in this week’s
Fed balance sheet update: not that the actual balance sheet hit a new all time
record (which it did at $2.779 trillion), or that the Fed added another $24
billion in Treasurys to its balance sheet, or that total reserves hit a new all
time record, increasing by $53 billion to $1.59 trillion. China Gold
Imports to Surge: Report Chinese demand for gold bars and coins as private
investments could push bullion imports above 400 tonnes in 2011, leading global
consultancy GFMS said on Friday. U.S. dollar could
‘collapse’: UN The United Nations warned on Wednesday of a possible crisis
of confidence in, and even a “collapse” of, the U.S. dollar if its value
against other currencies continued to decline. The
Shocking DRINK And Incredible History Of COKE Subliminal Advertising Looking
for a new way to publicize your product? Have you considered implanting
suggestions in your current advertising that link your product to sex and
power? [ Come on! In updating my skills / knowledge base, included were my
psychology studies which currently all but dismiss as but ‘folklore’ the effectiveness,
if even existent, of such subliminal advertising (you might even wonder about
the Rorshach factor in interpreters of same); though blatent propaganda in its
various forms still remains marginally effective (unless you think about it …
rugged athletes, the guy with the babe, parties, etc… Riiiiight! The cola did
it!). I drink coca cola, pepsi cola, royal crown cola, generic cola, etc., and
in no way attach a ‘sexual / power advantage’ to drinking same. After all,
there are healthier things to drink ( … Amid
health fears, Diet Coke sweetener in safety spotlight An artificial sweetener used in Diet Coke is
to undergo an urgent EU safety review…)
For me, it’s all about the fizz, the caffeine, and then the taste. ] Competing
plans on job growth Obama and Congressional Republicans hope to cut the
cost of doing business for U.S. firms. White
House wants to simplify rules (Washington Post) [ Plans? Is that it? Costs?
For the foreseeable future that counts, the logical conclusion will invariably
be, based on costs and prior misguided decisions (you still remember Perot),
ship them overseas, outsource, outsource, outsource … even Apple does that in a
big way while still getting premium prices (as if made is usa). No … you can’t
unring the bell on their ill-fated, but collectively culpable missteps. But,
this plan of theirs, my recollection is that’s what they’ve been purportedly
doing for the last several election cycles spanning well over a decade. Oh,
riiiiight! It’s that time of the season again … election time. Despite the
rhetoric and spin, the scenario remains dismal … the grim economic
reality [ http://albertpeia.com/grimreality.htm Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Poll:
For Obama, low marks on Afghan war (WP) Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
Ex-Nasdaq
exec pleads guilty to fraud (Washington Post) [ Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) Choose Your Hathaway: Berkshire or Anne Sizemore mnemonics’, loosely speaking, are kind of like Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy, it’s never been higher.
Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away!
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic Collapse
If you listen
to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you
didn’t know any better, you might be tempted to think that the economic crisis
is long gone and that we are in the midst of a burgeoning economic
recovery. Unfortunately, the truth is that the economic crisis is far
from over. In 2010, more homes were repossessed than ever before, more
Americans were on food stamps than ever before and a smaller percentage of
American men had jobs than ever before. The reality is that the United
States is an economic basket case and all of these natural disasters certainly
are not helping things. The Federal Reserve has been printing gigantic
piles of money and the U.S. government has been borrowing and spending cash at
a dizzying pace in an all-out effort to stabilize things. They have succeeded
for the moment, but our long-term economic problems are worse then ever.
We are still in the middle of a full-blown economic crisis and things are about
to get even worse.
If you know
someone that is foolish enough to believe that the economic crisis is over and
that our economic problems are behind us, just ask that person the following
questions….
#1 During the 23 months of the “Obama recovery”, an
average of about 23,000
jobs a month have been created. It takes somewhere in the
neighborhood of 150,000 jobs a month just to keep up with population
growth. So shouldn’t we hold off a bit before we declare the economic
crisis to be over?
#2 During the “recession”, somewhere between 6.3
million and 7.5 million jobs were lost. During the “Obama recovery”,
approximately 535,000 jobs have been added. When will the rest of the
jobs finally come back?
#3 Of the 535,000 jobs that have been created during
the “Obama recovery”, only
about 35,000 of them are permanent full-time jobs. Today, “low income jobs”
account for 41 percent of all jobs in the United
States. If our economy is recovering, then why can’t it produce large numbers
of good jobs that will enable people to provide for their families?
#4 Agricultural commodities have been absolutely
soaring this decade. The combined price of cotton, wheat, gasoline and
hogs is
now more than 3 times higher than it was back in 2002. So how in the
world can the Federal Reserve claim that inflation has been at minimal levels
all this time?
#5 Back in 2008, banks had a total of 27 billion
dollars in excess reserves at the Fed. Today, banks have a total of
approximately 1.5 trillion dollars in excess reserves at the Fed. So what
is going to happen when all of this money eventually hits the economy?….
#6 If the U.S. economy is recovering, then why are
shipments by U.S. factories still substantially
below 2008 levels?
#7 Why are imports of goods from overseas growing much
more rapidly than shipments of goods from U.S. factories?
#8 According to Zillow, the average price of a home in
the U.S. is about 8 percent lower than it was a year ago and that it continues
to fall about 1 percent a month. During the first quarter of 2011, home values
declined at the fastest rate since late
2008 . So can we really talk about a “recovery” when the real
estate crisis continues to get worse?
#9 According to a shocking new survey, 54
percent of Americans believe that a housing recovery is “unlikely” until at
least 2014. So how is the housing industry supposed to improve if so many
people are convinced that it will not?
#10 The latest GDP numbers out of Japan are a complete
and total disaster. During the first quarter GDP declined by
a stunning 3.7 percent . Of course I have been saying for months that the
Japanese economy is collapsing, but most mainstream economists were
absolutely stunned by the latest figures. So will the rest of the world
be able to avoid slipping into a recession as well?
#11
Next week, Republicans in the House of Representatives are going to allow a
vote on raising the debt ceiling. Everyone knows that this is an
opportunity for Republican lawmakers to “look tough” to their constituents (the
vast majority of which do not want the debt ceiling raised ). Everyone
also knows that eventually the Republicans are almost certainly going to cave
on the debt ceiling after minimal concessions by the Democrats. The truth
is that neither “establishment Republicans” nor “establishment Democrats” are
actually serious about significantly cutting government debt. So why do
we need all of this political theater?
#12
Why are so many of our once great manufacturing cities being transformed into hellholes ? In the city of Detroit
today, there are over 33,000 abandoned houses, 70 schools are being permanently
closed down, the mayor wants to bulldoze one-fourth of the city and you can
literally buy a house for one dollar in the worst areas.
#13
According to one new survey, about
half of all Baby Boomers fear that when they retire they are going to end
up living in poverty. So who is going to take care of them all when the
money runs out?
#14
According to the U.S. Bureau of Labor Statistics, an average of about 5 million
Americans were being hired every single month during 2006. Today, an
average of
about 3.5 million Americans are being hired every single month. So
why are our politicians talking about “economic recovery” instead of “the
collapse of the economy ” when hiring remains about 50 percent below normal?
#15
Since August, 2
million more Americans have left the labor force. But the entire
period from August to today was supposed to have been a time of economic growth
and recovery. So why are so many Americans giving up on looking for a
job?
#16
According to Gallup , 41 percent
of Americans believed that the economy was “getting better” at this time last
year. Today, that number is at just 27 percent. Are Americans losing faith in the U.S. economy?
#17
According to the U.S. Census, the number of children living in poverty has gone
up by about 2 million in just the
past 2 years, and one out of every
four American children is currently on food stamps. During this same
time period, Barack Obama and Ben Bernanke have told us over and over that the
U.S. economy has been getting better. So what is the truth?
#18
America has become absolutely addicted to government money. 59 percent of all Americans now receive
money from the federal government in one form or another. U.S. households are
now receiving more income from the U.S. government than
they are paying to the government in taxes . Americans hate having their
taxes raised and they hate having their government benefits cut. So is
there any hope that this will ever be turned around before disaster strikes?
#19
The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae)
has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011 . How in the
world is the U.S. government going to be able to afford to guarantee all of
that debt on top of everything else?
#20
If the U.S. national debt (more than 14 trillion dollars) was reduced to a
stack of 5 dollar bills, it
would reach three quarters of the way to the moon . The U.S.
government borrows about 168 million dollars every single hour. If Bill
Gates gave every penny of his fortune to the U.S. government, it would only
cover the U.S. budget deficit for 15 days. So how in the world can our
politicians tell us that everything is going to be okay?
CIA
team to scrub bin Laden compound
EXCLUSIVE | Pakistan has agreed to let a forensics team in to use
sophisticated equipment to look for clues related to al-Qaeda in walls or
underground, a sign of cooperation between the two spy services. (Washington
Post) [ ‘To look for clues?’ Don’t make me laugh! How ‘bout to ‘plant clues’
consistent with their alternate ‘reality’(catapulting the propaganda, again and
now again, and really soaking the story) ; which of course is propagandized
fiction: | U.S. intelligence is that bin Laden dialysis http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ex-Justice official .. accused his
former employer of instructing attorneys in the civil rights division to ignore
cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Krauthammer:
What Obama did to Israel (Washington Post) [ The fundamental problem with
Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those lands (war) and the numerous violations of u.n.
resolutions (ie., 242, 338, etc., and oslo accords, etc.), international law,
illegal nukes, war crimes (flotilla raid, etc.) since then. He thus becomes the
journalistic equivalent of what Pat Buchanan refers to as the ‘israeli amen
corner’ in congress. If only one could realistically ignore the detriment the
world and america have suffered as a direct consequence of this foreign policy
bent … Top
Democrats criticize Obama’s Israel policy
Now the president — whom critics often accuse of employing a
play-it-safe governing style in which he waits for others to take the lead — is
largely isolated politically in raising the issue of 1967 boundaries.
(Washington Post) [ What policy … to him, just words … more b***s*** . I’ve
thus far refrained from commenting on what I’ve anticipated to be ‘just more of
the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes
the wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the
United States. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: …’ ] Netanyahu
lays out vision for Mideast peace (Washington Post) [ Vision? Don’t make me laugh! The guy’s
blind; and a ward and provocateur at america’s substantial cost and detriment.
]
Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington Post) [ I comment here not owing
to the importance of the latest ‘prediction’ by camping who’s probably ‘been
camping’ too long in the nether reaches of the atmosphere (affects the brain,
‘neural firing’ in a negative fashion); but to allay public concerns, and
particularly for those suffering from generalized anxiety disorder, to subtract
one life circumstance from their unrealistic worry; and, because I had
previously commented as set forth infra. No! The world will not be ending on October
21, 2011 or any other date as set forth by camping. Indeed, God needs no
mathematics, formulae, or codes to surreptitiously convey the end; his hand
ultimately unmistakably known to all. You’ll know it when you see it. As for
camping, let’s play umpires and predict the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy (Los Angeles Times) The last-minute
rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C.
(Washington Post) The
potentially rotten news that the world will end on May 21 arrived plastered on
a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan
calendar, Nostradamus thing … I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and
foremost because there is a God. Second, it is intellectually dishonest to be
an atheist. Specifically, there is absolutely no evidence to dispute the
existence of God. While one might similarly argue that there is no evidence to
suggest there is a God (which I would dispute), which for most is a fair
statement, the same would yield at best, if intellectually honest, the position
of ‘agnostic’. I can totally understand and even empathize with the view of the
agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at
all. But, think binary, positives / negatives. Just too many negatives. Think
‘capital punishment’. No, the world’s not going to end in 2012 as some fear.
Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things,
this world’s just not that important (apes,
notochordates, and initially single celled organisms). ]
Choose Your Hathaway: Berkshire or Anne Sizemore mnemonics’,
loosely speaking, are kind of like business The Dark Knight Rises , as the
Catwoman. Berkshire Hathaway shareholders had better hope that her performance
generates its share of press. Their investment returns might depend on it.Yes,
dear readers, you read that correctly. As ridiculous as it might sound, the
price of Berkshire Hathaway’s (BRK-B) shares move in tandem with Ms. Hathway’s
film career. Consider what the Financial Times had to say on the matter:
Anne Hathaway is young, beautiful and excels in soppy romantic
comedies. But while her puppy-dog-eyes bring tears to multiplexes worldwide,
her performances are now being watched in a less familiar quarter: Wall Street.
Bride
Wars was also a good day for Berkshire stock computers investors invest ‘Dancing
With the Stars’: Season 12 ‘Idol’
names winner in record vote Goodbye Oprah (Washington Post) [ I must admit, never
having seen even one of the foregoing shows, the ‘dry heaves / nausea’ factor
at even the thought of same may seem, in light of their popularity, less than
fair or objective. The truth is that more probable is the ‘deamericanization
factor’ that I and I believe the rest of the world is experiencing. I usually
don’t comment on entertainment matters; but, a sign of the times is
noteworthy. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Remember: ‘Sell
in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Washington
area’s Asian population booms (Washington Post) [ This seems to foreshadow
that almost mythical, legendary, prospective ‘long march’ so heralded in
Chinese lore (at least the military’s) regarding the final conquest of
pervasively corrupt, defacto bankrupt, and rapidly declining america. I’d say
they’re watching ever more closely the ever more worthless american paper
they’re holding. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE
OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a
hard place called Afghanistan; indeed they are. [Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones U.S. intelligence is that bin Laden dialysis http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST
MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN
LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF
SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED
IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE
WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE
THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK
FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR
ON THE MIDDLE EAST… FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
]
Why
we read Palin’s tell-all The
underlying interest says something more primal than simply our fascination with
Mama Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination
with the ‘new american dumb’. After all, who can deny the boost she got from
SNL’s Tina Fey’s impresarios highlighting same. Yet, in comparison with and
juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als),
she’s got plenty of cover / camouflage. Send to a friendSarah Palin: Don't pick on Donald Trump Politico - Even
though Donald Trump has wholeheartedly embraced the wall-to-wall media coverage
that's come with his promotion of the widely discredited “birther” issue, Sarah
Palin argued Tuesday that the press is treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have
filed for bankruptcy protection three times. While Trump blamed market forces,
he has long been chairman of the board for the casino businesses.In his
defense, Trump said he "didn't run the company." Isikoff then asked
why he was paid $2 million per year to chair the board of that business. Trump
replied: "Excuse me. Because I'm a genius, okay."Trump said many
different businesses license the use of his name, but he's not directly
involved in their operations.Casinos have not been the only weakness in the
Trump empire. There have been many high profile bankruptcy filings, bad real
estate deals, and a trail of ongoing lawsuits accusing him of bad business
practices.Another questionable move was "Trump University," an
online, for-profit business education firm. The attorney general in Texas
ordered him to stop using the word "university" in its title. Trump
said his company was unaware of restrictions on the use of that word.Isikoff
also said he asked Trump if he thought the state of Hawaii was lying in regards
to Obama being born there, and he did not answer the question. In summation of
his experiences that qualify him to be President of the United States, Trump
told Isikoff: "My successes...have been vast. I don't even view myself as
having failures, and I certainly learned from things that don't work out as
well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker:
The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls
Ms. Parker's referring to; but unless she's referring to mobster trump
apprentice news (trump was fired from his own casino company), that certainly
doesn't comport with polls I've read. Moreover, like palin, trump's the joke
that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ]
Allan Sloan A Wall Street money maven suggests
buying stocks of some large-capitalization U.S. multinational firms.
(Washington Post) [ Sorry Mr. Sloan. Your usual right-on perspicuity is a bit
off here; certainly in terms of time. That was the strategy in light of the
dollar debasement which, along with
continued fraud among other manipulations,
has created a stock-price bubble almost of unprecedented magnitude
(infra). The best advice now comports with that old adage: ‘Sell in May and go
away’. This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16 . 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4) Key market leaders are
rolling over in price... ‘ Global
Economy Dying on the Vine Nyaradi ‘The global economy seems to be dying on the
vine as more news of economic slowdown pours in every day. The U.S. stock
market and ETFs continue to react negatively to deteriorating economic news
even as the Federal Reserve bought $6 Billion in their POMO operations
yesterday.The DJIA, S&P 500 and NASDAQ are all below their 50 Day Moving
Averages while the NASDAQ has also dropped below its 100 Day Moving Average.The
NASDAQ and DJIA are now on Point and Figure “Sell” signals, having experienced
a Bearish Catapult Breakdown at Tuesday’s close and now has a price target of
12,050.
http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com ,
click to enlarge
… Richmond Federal
Reserve reported a severe drop in activity in the region as the report actually
contracted to -6 from a +10 in April. China’s Purchasing Manager’s Index
declined, Japan is back in recession and Belgium, one of the core countries in the
eurozone was issued a credit downgrade warning by the Fitch ratings agency.
Spain’s bond premium to the benchmark German Bund is back to January’s levels
and Greek 10 Year Bonds are a whopping 17% which is clearly unsustainable.
Closer to home, Vice President Biden continues to work with Congress towards
what they’re labeling a $1 Trillion down payment to avert a government shutdown
in August and the Illinois State Treasurer says his state is on the “verge of
financial disaster.” …’ ]
Geithner:
‘Dark forces’ working against overhaul (Washington Post) [ Yeah! And, this
was so from the date of ‘tiny tim geithner’s’ appointment, along with other
insiders. . Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported
ever since by the Trilateral Commission and its network of foundations
connecting into the Ford Foundation, for whom Obama's mother worked... Does
anyone really believe that someone, a 'man of the people', would simply appear
from apparently nowhere to run the slickest and best-funded presidential
campaign in American history? He was chosen long ago by those who wish to
enslave the very people that Obama says he wants to 'set free'. The sources of
Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan
Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the
limitations of public funding … Obama is just more of the same, a big smile
with strings attached, and controlled completely by those that chose him,
trained him, sold him and provided his record funding, kept his many skeletons
under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from
affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp,
who is alleged to claim that someone claiming to represent me called asking for
$100,000, to keep me from coming forward about our (Obama and I) November 1999
encounter of sex and cocaine use?), ... Obama is just another Banksters' moll
prostituting himself .., and that's why he supported the grotesque bail-out of
the banking system and why he will always put their interests before the
people. His financial advisors are straight from the Wall Street 'A' list, …
Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on
Foreign Relations), was appointed Treasury Secretary, a former employee of both
the Council on Foreign Relations and the appalling Kissinger Associates.
Obama's Treasury team locks into the inner circle around the Zionist Robert
Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama.
Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued
by taxpayers' money. The very people who caused the financial crisis ..
appointed by Obama .. CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street
accountable for the meltdown. ): ‘THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: USA
HITS DEBT CEILING... TREASURY
RAIDS PENSIONS... PUTIN
DECIDES TO RETAKE PRESIDENCY GALLUP:
Romney, Palin Lead GOP Field for 2012... In
Obama's Hometown, Romney Criticizes Econ Policies... Sends
Left-Over Pizza to Obama HQ... Will
formally announce run on June 2... 'PATRIOT
ACT' CLEARS CONGRESS -- WILL BE SIGNED INTO LAW BY A
MACHINE... 60
DAYS: GOP senators press Obama on war powers... Pile
of American debt -- would stretch beyond stratosphere! House
members' stock market success suspect... Congressional
bonuses handed out during budget crisis... Loughner
removed from courtroom after outburst... Found too american to stand trial... Gold,
silver coins to be legal currency in Utah... DAY
3: MORE TWISTERS... At
least 14 more killed... VIDEO... Fresh Twisters Touch Down... At
least 7 more killed... Death
toll reaches 124 in Joplin; Deadliest in half century.. 1,500 Reported Missing... TORNADO
SWARMS DEADLIEST IN MORE THAN HALF CENTURY HEARTLAND DEVASTATION... 116
dead, nearly 500 twister deaths this year... VIDEO... PHOTOS... AUDIO
TERROR: 'I LOVE YOU ALL'... 'I'm
alive!' text message saves man's life... 1,500
rescuers work through pouring rain... Threats of more to come... Looting
in Minneapolis... State
Treasurer Warns Bond Houses Against Further Loans to Illinois... NYT:
'Is Anti-White Bias a Problem?'
[ … In what
some have called the new post-racial era, what constitutes discrimination is
shifting. The landmark Supreme Court case, Ricci
v. DeStefano , for example, ruled that white firefighters suffered
discrimination when their employer threw out a promotional exam because none of
the African-American firefighters who took the test qualified for promotion
…’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black
defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]UPDATE:
$24B in bailout paid to contractors who owe millions in taxes... Palestinians:
netanayahu Speech is 'declaration of war'... SUPREME
COURT ORDERS CA TO RELEASE UP TO 46,000 PRISONERS... 'Terrible things are sure to happen'... JERRY
BROWN: 'Let's raise taxes!!!' FEDS
SPEND MILLIONS STUDYING SHRIMP ON TREADMILLS?? 'GELATIN WRESTLING' IN
ANTARCTICA?? Zuckerberg
Shock: 'Only meat I'm eating is from animals I've killed myself'... "The only meat
I'm eating is from animals I've killed myself," says the Facebook founder
and CEO. It's an odd
dietary direction for the 27-year-old Internet billionaire, but since he has
taken to killing goats, pigs and chickens, "I'm eating a lot healthier
foods. And I've learned a lot about sustainable farming and raising of
animals," he says. "It's easy to take the food we eat for granted
when we can eat good things every day." Zuckerberg's new goal came to
light, not surprisingly, on Facebook. On May 4, Zuckerberg posted a note to the
847 friends on his private page: "I just killed a pig and a goat."’
Global
Economy Dying on the Vine Nyaradi ‘The
global economy seems to be dying on the vine as more news of economic slowdown
pours in every day. The U.S. stock market and ETFs continue to react negatively
to deteriorating economic news even as the Federal Reserve bought $6 Billion in
their POMO operations yesterday.The DJIA, S&P 500 and NASDAQ are all below
their 50 Day Moving Averages while the NASDAQ has also dropped below its 100
Day Moving Average.The NASDAQ and DJIA are now on Point and Figure “Sell”
signals, having experienced a Bearish Catapult Breakdown at Tuesday’s close and
now has a price target of 12,050.
http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com ,
click to enlarge
Yesterday’s
economic reports gave the stock market a quick boost at the open when new home
sales came in at +7.3% and an annualized rate of 323,000/year which still is at
severely depressed levels. But then, the Richmond Federal Reserve reported a
severe drop in activity in the region as the report actually contracted to -6
from a +10 in April. China’s Purchasing Manager’s Index declined, Japan is back
in recession and Belgium, one of the core countries in the eurozone was issued
a credit downgrade warning by the Fitch ratings agency. Spain’s bond premium to
the benchmark German Bund is back to January’s levels and Greek 10 Year Bonds
are a whopping 17% which is clearly unsustainable. Closer to home, Vice
President Biden continues to work with Congress towards what they’re labeling a
$1 Trillion down payment to avert a government shutdown in August and the
Illinois State Treasurer says his state is on the “verge of financial
disaster.” …’
Is the U.S. Worse
Off Than Europe? Maierhofer ‘… Deception and naive reporting are as
intertwined with the evolution of European dept woes as Feta cheese is to Greek
culinary culture. Rarely has this become more obvious than now. Luxembourg's Prime Minister didn't beat around the
bush: 'When it becomes serious, you have to lie.' You be the judge whether it
is more 'honorable' to omit, deceive, obstruct, misconstrue, or lie (purposely
or unintentionally). There are plenty of examples so we can make an educated
decision.You shouldn't throw stones if you are sitting in a glass house. This
is the case with the United States. The administration has engaged in all kinds
of maneuvers and financial alchemy to obstruct the truth and prevent free
market forces from expressing themselves. QE2 is the most famous example. Mr.
Bernanke is caught in his very own web of financial engineering side effects.
Preaching on one hand that QE2 was supposed to inflate assets and create a
wealth effect but denying that QE2 has caused wide spread food and energy
inflation. Another example is the 'adjustment' of accounting rule 157, demanded
and sanctioned by Congress. The 'new and improved' rule 157 allows banks
(NYSEArca: KBE ) and financial institutions (NYSEArca: XLF ) to omit hundreds of billions of toxic assets in an off
balance sheet bucket that doesn't affect earnings results …’
The
S&P 500's Lost Decade Short
‘Here is a new update of a chart that illustrates the total return performance
of the S&P 500 since the Tech Bubble closing high on March 24, 2000. The
chart shows the value of $1000 invested in the index, including dividends, but
excluding any taxes or fees, as of May 20th. I've also included the real value
using the Consumer Price Index for the inflation adjustment. http://static.seekingalpha.com/uploads/2011/5/25/saupload_sp500_total_20return_on_1000_invested_in_2000_thumb1.png
Click
for a larger image I calculated on the returns based on the daily price and
daily dividends interpolated from the quarterly dividends as reported by
Standard & Poor's. Thus the $1,070 nominal and $809 real values are the
hypothetical returns excluding any taxes or fees. For the sake of comparison
and to validate the calculation method, we can compare the nominal return in
the chart above to Vanguard's 500 Index Investor Fund (VFINX ), which has had a return
of $1,057. Over the same timeframe The SPY ETF has returned $1,044.We're now
over eleven years beyond the S&P 500 2000 high. This little charting
exercise gives credence to the frequent reference to a "lost decade"
for investors. It also offers support for the wisdom of diversification across
asset classes.’
This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16 . 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4) Key market leaders are
rolling over in price... ‘
Top
Democrats criticize Obama’s Israel policy
Now the president — whom critics often accuse of employing a
play-it-safe governing style in which he waits for others to take the lead — is
largely isolated politically in raising the issue of 1967 boundaries.
(Washington Post) [ What policy … to him, just words … more b***s*** . I’ve
thus far refrained from commenting on what I’ve anticipated to be ‘just more of
the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes
the wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com
, historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the
United States. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: …’ ] Netanyahu
lays out vision for Mideast peace (Washington Post) [ Vision? Don’t make me laugh! The guy’s
blind; and a ward and provocateur at america’s substantial cost and detriment.
]
Poll:
More fear U.S. debt than default
Whether or not Congress raises the debt limit, majority of Americans are
worried about the consequences. (Washington Post) [ How ‘bout all of the above! “Both
Parties And The White House Are Advocating A US Default” Zero Hedge
David
Stockman: “Both Parties And The White House Are Advocating A US Default” Last
week David Stockman was on Tom Keene, making the usual media rounds (sometimes
we marvel at his patience and endurance), as one of the few voices of fiscal
prudence available to TV producers who seek to hold a balanced debate on the
topic of US insolvency.
Stop Raising the Debt
Ceiling Ron Paul
Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out Market Downturn Approaching; Go Long the Ultra Shorts? White ‘ This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream
news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a market downturn. There
has been almost consistently bad economic news reported in the U.S. in the last
week. Following is a brief list (mostly from Yahoo Finance‘s Economic Calendar)
of troubling news:
The Trade Balance for March was worse than
expected at -$48.20B vs. an expected -$47.00B (the previous month’s was
-$45.40B). Pundits are speculating that this will result in a lowering of
the Q1 GDP estimate, which is due out May 26. The Mississippi Flood is the worst in a
century-- this alone will depress the Q2 GDP. Shipping down the
Mississippi has slowed (or sometimes stopped). Huge numbers of casinos
have closed. Farms and towns have been flooded. The PPI missed at 0.80% vs. an expected 0.60%.
The Core PPI missed at 0.30% vs. an expected 0.20%. Also, the continued
large spread between the CPI and PPI numbers means that many companies are
eating a good part of the quickly increasing input costs. This should hurt
margins going forward. Retail Sales (MoM) missed at +0.50% vs. an
expected +0.60%. Some good news Friday had the Michigan Consumer
Sentiment Index beat at 72.40 vs. an expected 70.00. The NY Empire State Manufacturing Index missed
at 11.90 vs. an expected 19.60. The TIC Net Long-Term Transactions missed at
$24.00B vs. an expected $57.70B. The NAHB Housing Market Index missed at 16 vs.
an expected 17. Housing Starts missed at 0.52M vs. an expected
0.57M. Building Permits missed at 0.55M vs. an expected
0.59M. The Capacity Utilization Rate missed at 76.90%
vs. an expected 77.70%. Industrial Production (MoM) missed at 0.00% vs.
an expected +0.50%. Several blue chip companies such as Cisco (CSCO )
and Hewlett Packard (HPQ ) gave very weak guidance going
forward, as though they are expecting a soft spot in the economy. The Fed Minutes indicated that they had considered
ending QE2 before its stated end, but decided to proceed since it was so
close to the end. The Fed also talked about how to withdraw stimulus.
There seemed to be no serious consideration of a QE3. There are only a few
crumbs left of the manna of the market hypers (QE2). Congress has allowed the debt ceiling to be
exceeded. Geithner is now borrowing from Peter to pay Paul, and August 2nd
is the day that he says this must stop. The Republicans are using the
threat of a default as leverage to get concessions on many of the spending
cuts they want. They will get spending cuts, which means tightening!
Tightening tends to push the equities markets down. Hopefully the U.S.
will not default. The USD has been rallying. The above mentioned
tightening should help the USD rally. If the USD continues to strengthen,
that could cause an unwind of the USD carry trade. This would translate
into selling of equities and commodities. A stronger USD would mean
commodity prices would likely fall. The Initial Jobless Claims were 409K vs. an
expected 420K, but the previous week‘s number was revised upward to 438K.
While it was pleasant to see a beat for a change, the overall trend is
still bad. The 409K means the total increase in Initial Jobless Claims in
the four weeks since the end of the last Nonfarm Payrolls surveys’ data
period has been 159K. Additionally, the 68K jobs from the one-time
McDonald’s (MCD ) hiring spree that padded the last
Nonfarm Payrolls report will not be there to prop up the next report on
the first Friday of June. This means that the next report will be shy a
total of 227K jobs. The Nonfarm Payrolls number is likely to be a big
disappointment. Existing Home Sales dipped in April to 5.05M vs.
an expected 5.22M and a previous 5.10M. The Philadelphia Fed Manufacturing Index missed
terribly at 3.90 vs. an expected 20.00 and a previous 18.50. This is truly
ominous when combined with the terrible NY Empire State Manufacturing
Index miss (see above). The Leading Indicators for April missed at -0.3%
vs. an expected 0.0%…’
In
Libya, robbery funds the revolution
Cash-strapped rebels resort to an unorthodox tactic — a bank robbery
— to help fund fight against Gaddafi
(Washington Post) [ Ah! Right!
The americanization of the revolution … robbery in any form is something that
america knows a lot about … Some have already talked about this theft as being
a prime reason for this conflict: NATO
in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show
Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At
current market prices the value is over $6bn.
Financial
Heist of the Century: Confiscating Libya’s Sovereign Wealth Funds (SWF) The
objective of the war against Libya is not just its oil reserves (now estimated
at 60 billion barrels), which are the greatest in Africa and whose extraction
costs are among the lowest in the world, nor the natural gas reserves of which
are estimated at about 1,500 billion cubic meters. Libya:
All About Oil, or All About Banking? I have never before heard of a central
bank being created in just a matter of weeks out of a popular uprising. This
suggests we have a bit more than a rag tag bunch of rebels running around and
that there are some pretty sophisticated influences. Libyan
War Gets Weird: Defending the Indefensible Even those who have studied for
years the criminal consolidation of this planet under the global
corporate-financier oligarchy may be noticing that the war in Libya is turning
into something new and unprecedented. French,
British leaders meet about Libya
(Washington Post) [ Wow! Talk about sounding like a plan
... and all this time we thought they already had done that. After all, they
must conserve their resources; you know, that war-prone nato alliance comprised
of members almost to a nation defacto bankrupt, striving to emulate 'lead war
nation' america's defacto bankrupt status.
] The countries struggled Wednesday to come up with new
tactics to topple Moammar Gaddafi without resorting to further Western military
intervention. Libya:
Increased Airstrikes, Ground Troops, Contractors, Civilians Killed, Deadly DU
Munitions – Can We Call This A War Yet? The globalist
coalition refers to it as ‘kinetic military action’, yet as more civilians are
killed in NATO bombings, and with experts adamant that deadly Depleted Uranium
weapons are being used by Western forces, the conflict in Libya looks a hell of
a lot like the occupations of Afghanistan and Iraq all over again.
‘Depleted uranium’s
toxic legacy to poison Libya for 40 years’ Military experts
are accusing coalition forces in Libya of using depleted uranium in their air
strikes. The deadly substance can cause cancer and physical mutations in those
who come into close contact with it. 63
percent of people killed in Iraq war were civilians: report Xinhua U.S.-led wars in Iraq and Afghanistan have been
causing huge civilian casualties .
]
GOP
rejecting ‘root-canal economics’ The
debate about the impact of immediate budget cuts on a fragile economy is at the
core of a showdown over how and when to trim the deficit. While Republicans say
a swift spending cut doesn’t have to be painful, many economists warn it comes
at a cost. (Washington Post) [
Economists? You mean the ones who helped get us here in the first place,
including ‘no-recession-helicopter-ben-b.s.-bernanke’? Root canals? So what!
That’s what novacaine’s for … This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Remember: ‘Sell
in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at
Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16 . 3) The failure of the
financial sector to keep up is a significant
negative divergence for the entire market. 4) Key market leaders are
rolling over in price... ‘ Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream
news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png
1Q
bank profits up, revenue down
Profits in the first quarter were the best in four years, but the
industry isn’t back on its feet yet. (Washington Post) [ ‘Simple trick’ that you’re paying for
whether you like it or not … ie., Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money—‘ … America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream
news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Focus
Is on Obama as Tensions Soar Across Mideast
(New York Times) [ Adapt? I don’t think so! I do believe that both
nations are regressively but nostalgically trying bring the world back to
failed geopolitical paradigms that made the 20th century the bloodiest century,
not coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall, and as with dinosaurs, extinction, at least in a manner of speaking.
Global information exchange at lightning speed has made such throwbacks to a
lost era, propaganda, and maladaptive traits foolish at best, deadly at worst.
Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered
by the purveyors of global unrest; viz., israel, america, Orwellian england,
etc..; more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an
ex-Justice official who quit over the handling of a voter intimidation case
against the New Black Panther Party accused his former employer of instructing
attorneys in the civil rights division to ignore cases that involve black defendants
and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Agents
irked by plan to keep Mueller
(Washington Post) [ ‘abide by ..
tenure limits’ ? I’m more concerned with, and it’s fundamentally more important
from the perspective of the FBI’s ‘mission and purpose’, that meaningful law be
abided by regarding the following:
Steven M. Martinez,
Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of
the Federal False Claims Act probably
would apply and I would absent resolution seek to refer the within to a firm
with expertise in that area of the law with which I am not familiar)
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to
the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
· A judgment had been entered in my favor in the case,
United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson),
worth approximately now in excess of $300,000 remains unaccounted for and which
could be used for payment to creditors, Los Angeles, etc..
· Counsel Robert Sullivan on my behalf documented by
way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory and
spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
· The Order of Dismissal With Prejudice by Alan Shiff,
USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the
court’s deadline causing creditors and me substantial damages: [
Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
· Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ http://albertpeia.com/crossexamofcoanbypeia.pdf ]
· Newly appointed judge, Maryanne Trump Barry, Donald
Trump’s sister, was assigned the RICO case despite the conflict of interest in
light of hundreds of thousands of dollars of illegal (drug) money being
laundered through the Trump casinos by the RICO defendants, and despite my
motion to recuse her which motion she heard herself and denied, and U.S.
Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
· Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition
to being inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As much
as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience
or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is
the same Sam Alito that now sits on the purported highest court in the land.
The real application of the illegal rule ‘don’t ask, don’t tell’.
There
is applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert
L. Peia
611
E. 5th Street, #404
Los
Angeles, CA 90013
(213)
219-**** (cell phone)
(213)
622-3745 (listed land line but there are unresolved problems with the line,
computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
Fight
over feral alley cats divides feline lovers (Washington Post) [ My love of cats, big and small, is no
mystery; but indeed is beyond the scope of this comment. I’ve had and loved
neutered (not by my decision / action) as well as my most recent ‘macho’ (non-neutered)
cat ( I just couldn’t bring myself to ‘cutting his b***s off’ as advised by a
girl I was seeing at the time … kind of a ‘golden rule’ thing … and knowing
‘he’d never forgive me’ … his loss to me, part of the RICO scenario, though not
part of my damages, is among the forever unforgivable parts of what occurred
therein). As for ‘taking a position’, as a noumenon, I question the premise of
any life at all in a meaningful sense in Washington d.c.; and hence, not the
best comparison for setting policy. Unlike dogs, you will not see cats
attacking and killing babies, etc.. So, I conclude that in such dire
circumstances (d.c.) where a trade-up is beneficial, such seems, though
rightfully exceptional, a sometimes favorable course, if the only choice; which
assumes procreation and continued growth of the species is not impinged upon.
Therefore, this argues for un-neutered moves to better environs. ]
This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come!
Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws
in the financial system will not be addressed, the government will keep on
printing money, and that the inflation-adjusted return on investments for most
Americans will be negative. Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26. The historical average is about 16 . 3) The failure of the financial
sector to keep up is a
significant negative divergence for the entire market. 4) Key market leaders are
rolling over in price... ‘ Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a
secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of its
development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Remember: ‘Sell in May
and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream
news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been artificially manufactured...
·
The change in
accounting rules for the financial sector by FASB has generated massive “false”
account profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP)
24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline’ ] States
face shortfall for retirees (WP) (The frauds on wall street et als should
be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this low
this long, its inevitable cheap financing can allow companies to start cobbling
each other up. Further Ben's policies allow companies like IBM to sell bonds at
1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost
daily and Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you
still can since there's much worse to come!
This manipulated bubble rally in this secular bear market
based on b*** s*** alone is an especially great opportunity to sell / take
profits while you can since there's much worse to come! Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including
China, Brazil, India and Hong Kong, have been in fairly significant corrections
since November, down between 12% and 17%. Their major concerns have been rising
inflation and the resulting monetary tightening by their central banks to
combat the inflationary pressures...So was this week’s stumble the beginning of
a more serious correction? The events and reports this week did provide more
evidence that the stock market may be ahead of reality regarding prospects for
the economy, and therefore corporate earnings, going forward, which should at
least limit the market’s upside potential. Limited upside potential equals more
downside risk? It might be wise to lighten up some into strength that may develop
over the next few days during the ‘monthly strength period.’ ] Wall Street rejoices in an unexpected
drop in jobless claims. Violent
spring looming in Afghanistan (Washington Post) [ See … something to look
forward to … must be that good news that keeps getting pushed back … and spring
no less … everything blooming, or in war criminal american-speak … ‘booming’ …
but not the defacto bankrupt american economy for which a crash is ‘looming’.
Could somebody help me out with a translation of gates’ speech a west point … I
must be missing something … Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
] American military officials expect
that the Taliban will mount a campaign to regain ground lost to U.S. troops
last year and use suicide bombing teams to strike at those associated with the
Afghan government or coalition forces.
Public
pension shortfalls could reach $1.5T (Washington Post) [ First, I think
this is a low-ball estimate since it may assume some of the wildeyed
assumptions beyond those being discounted in this figure. Then there’s social
(in)security. Next, there’s the private pension shortfalls, particularly in the
defined benefit plans. Most importantly is the defacto bankruptcy of the nation
and the insurmountable debt / debt service attendant thereto. In sum, without exaggeration
it really is quite a bad picture here beyond the paper fraud / froth frenzy on
fraudulent wall street which of course
has and still remains a significant part of the problem. Prosecution, fines,
disgorgement, well deserved of the frauds on wall street could significantly
help lessen the shortfalls. ] The pension funds for state and local workers are
understating the amount they will owe workers by $1.5T or more, according to
some economists who have studied the issue, meaning that the benefits are much
costlier than many governments thought. Krauthammer:
Converts
to the Bush Doctrine (Washington Post) [ ‘bush doctrine’? What’s that?
Moronics(http://albertpeia.com/bushisms.htm )
, imbecility, war crimes (http://albertpeia.com/evilonthetarmac.htm
), etc.? Dumbya bush has been nothing less than a one-man wrecking crew,
domestically and internationally and ‘wobama the b’(for b*** s***) has followed
suit. Where do they get the likes of krauthammer on the right, Milbank on the
left, etc.. Wake up! ] U.S. prepares for possible rise of new
Islamist regimes Revolutions
may bring a more religious cast to Mideast politics Egypt,
Serbia, Georgia… The History of US Sponsored “Democratization” There is a
Russian proverb: only a fool learns from his own mistakes. As Georgia’s foreign
minister visits his Egyptian counterpart, there are lessons for Egypt in
similar revolutions in eastern Europe and the ex-Soviet Union. ] Recent
developments have alarmed some who fear that the governments taking shape will
inevitably undercut democratic reforms.
This manipulated bubble rally in this secular bear market
based on b*** s*** alone is an especially great opportunity to sell / take
profits while you can since there's much worse to come!
Looking Like A Good Time To Sell Into Strength - Harding ‘Many
important global stock markets, including China, Brazil, India and Hong Kong,
have been in fairly significant corrections since November, down between 12%
and 17%. Their major concerns have been rising inflation and the resulting
monetary tightening by their central banks to combat the inflationary
pressures...So was this week’s stumble the beginning of a more serious
correction? The events and reports this week did provide more evidence that the
stock market may be ahead of reality regarding prospects for the economy, and
therefore corporate earnings, going forward, which should at least limit the
market’s upside potential. Limited upside potential equals more downside risk?
It might be wise to lighten up some into strength that may develop over the
next few days during the ‘monthly strength period.’
Commerce Data Shows Personal Incomes Rising but Few Americans
Believe It [ Yeah, they don’t
believe it because it’s not true. Scandal scarred commerce department of
pervasively corrupt, defacto bankrupt, and very desperate america? Come on,
give us all a break. ] Zielinski Egypt,
Serbia, Georgia… The History of US Sponsored “Democratization” There is a
Russian proverb: only a fool learns from his own mistakes. As Georgia’s foreign
minister visits his Egyptian counterpart, there are lessons for Egypt in
similar revolutions in eastern Europe and the ex-Soviet Union. The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation
(Washington Post) [Wobama says
daffy gaddafi’s time is up, got to go. The same can be said of wobama et als
and his fraudulently failed presidency.
Sheen On Obama:
“A Coward In a Cheap Suit” [ I
think Sheen to be too gentle in his criticism of wobama (Some might
reflexively, defensively allege drugs (prescription or otherwise) or any number
of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE:
Huckabee claims Obama grew up in Kenya... The Obama Corsi Rezko was corrupt, and supported Obama in many
campaigns as well as in Obama buying his home -- and therefore, according to Corsi Obama www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States. Public
confidence in Obama reaches new low
(Washington Post). Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of
‘typical’: Public
confidence in Obama reaches new low
(Washington Post) Six in 10 Americans lack faith in Obama and hold lower
esteem for members of Congress, according to the latest Washington Post-ABC
News poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’:
But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post : While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker, along with the dems. This well
researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
] ] Article | Tuesday will be known as the day we heard from The
Receiving End of Charlie Sheen's Scorched Earth Media Tour. Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
Bernanke:
Fed will respond if oil prices trigger inflation (Washington Post) [ If?
Come on … don’t make me laugh! … Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance of all this is that in the U.S. it’s
business as usual as far as monetary policy is concerned. According to Fed
Chair Bernanke, the U.S. economy must grow at a rate of at least 2.5% per annum
just to keep unemployment stable, however, he has made it clear that he will
pursue policies to boost growth above that level. With oil prices soaring, he
is facing yet another headwind. Rather than mopping up the liquidity that, in
our assessment, has contributed to global commodity inflation, he may be
tempted to keep the printing press in high gear to promote economic growth.
It doesn’t really matter whether we think there is a
crisis. What matters is that the Fed doesn’t think its policies are
contributing to global instability and continues on its expansionary path…’
Gerald
Celente: “There is no recovery — it’s a coverup!” Sic Semper Tyrannis
In closing,
Celente states:
“… There is no
recovery, it’s a coverup. It’s only being boosted by these low interest rates,
which again, when inflation skyrockets- they’re gonna have to raise them …‘
Jim
Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production”
Jim Rogers joins Zero Hedge in being highly skeptical about just how
credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi Arabia has
been lying about the reserves for decades. Saudi Arabia the last two times said
they are going to increase production and they couldn’t increase production.
Don’t fall for that. ] Federal Reserve chairman says he does not
expect a major impact on consumer prices. House
Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b***
s*** fast … the current shibboleth of
capital hill / all 3 branches of pervasively corrupt u.s. government …
joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
]
House Republicans ramp up pressure on SEC Chairman Mary Schapiro.
[ (2-26-11
et seq) Let me state for the record here that my computer has been under
constant viral, hack attack, paralleling prior such foolish, paranoid actions and
let me reiterate: They will be sorry and I won’t forget it! ]
Christian minorities minister assassinated 2 U.S. airmen killed, 2 hurt in
shooting near Frankfurt airport (Post, March
2, 2011); Most U.S. aid to Pakistan
hasn't gotten there yet (Post, March 2, 2011); Clinton: U.S. losing global
public-relations battle - to 'Baywatch' and wrestling (Post, March
2, 2011 Well, I don’t know about baywatch and wrestling, but reality beyond
false propaganda will do it every time) ] Shahbaz
Bhatti is gunned down in the second killing this year of a liberal, senior
government official who had spoken out against the nation's stringent blasphemy
laws.Karzai
condemns deadly NATO airstrike (Washington Post) [ Well, for pervasively
corrupt, defacto bankrupt america, it’s just another of many war crimes. They
just role out the propaganda machine that no one is buying anymore. Yet, can
you believe your eyes and ears here: Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military Academy
at West Point, Gates's message was clear: The US military services, as well as
the elected and appointed civilians who send them to war, need better ways of
foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ] A NATO airstrike that Afghan officials
said killed nine children collecting firewood in eastern Afghanistan beccomes
the latest irritant in the tense relationship between President Hamid Karzai
and the international force in the country.
Government
cracks down on employment scams
(Washington Post) [ Yet leave the
biggest, most deleterious scam / fraud unprosecuted. What total b*** s***! House
Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b***
s*** fast … the current shibboleth of
capital hill / all 3 branches of pervasively corrupt u.s. government …
joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post ) (see
this film, I strongly recommend the complete documentary – the following is a
preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
]
House Republicans ramp up pressure on SEC Chairman Mary Schapiro. ] FTC says companies promised to help people
find work but instead took their money. Oil
soars to more than $100 a barrel on Libyan unrest (Washington Post) [ When
you factor in reality, the worst is yet to come … Gerald
Celente: “There is no recovery — it’s a coverup!” Sic Semper Tyrannis
In closing,
Celente states:
“… There is no
recovery, it’s a coverup. It’s only being boosted by these low interest rates,
which again, when inflation skyrockets- they’re gonna have to raise them …‘
Jim
Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production”
Jim Rogers joins Zero Hedge in being highly skeptical about just how
credible Saudi’s call for a 1MM + boost in its oil supply is: “Saudi Arabia has
been lying about the reserves for decades. Saudi Arabia the last two times said
they are going to increase production and they couldn’t increase production.
Don’t fall for that. ] Federal Reserve chairman says he does not
expect a major impact on consumer prices.
Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! ‘The
Economic Collapse March 2, 2011 Despite what Federal Reserve Chairman Ben
Bernanke says, rampant inflation is officially here. The federal
government is constantly monkeying with the numbers to keep the “official” rate
of inflation below 2 percent, but it is becoming very difficult to deny that
the cost of almost everything is really going up these days. The American
people are not stupid. They notice the difference when they go to the
grocery store or stop at the gas station. The dollar is losing value
rapidly now. The price of gold set another new all-time record today and
is currently hovering just above $1430 an ounce. The price of West Texas
crude has moved above 100 dollars several times recently and the price of Brent
crude is currently above 116 dollars. These higher oil prices are really
starting to be felt in the United States. The average price for a gallon
of gasoline in the United States has now reached $3.38 .
There are some gas stations in the U.S. where the price of a gallon of gas is
already over 4 dollars. But it is not just the American people that are
feeling the pain. The global price of food recently hit a new record high
and almost every major agricultural commodity has absolutely skyrocketed in
price over the past 12 months. Meanwhile, Ben Bernanke just told the
Senate Banking Committee that he really isn’t concerned about inflation at all.
When it comes
to inflation, the key is not to look at the official U.S. government numbers
(they are highly manipulated) or how the U.S. dollar is performing against
other major currencies (because they are all being devalued as well).
Instead, you can get a truer sense of what is really happening to inflation by
looking at what the U.S. dollar is doing against precious metals, commodities
and other hard assets.
So are we
experiencing rampant inflation right now? Well, just open up your eyes
and look at these 5 charts….
1 – The
price of oil is racing back up to record levels. The chart below from the
Federal Reserve is a couple weeks out of date. As noted above, the
current price of West Texas crude is about $100 a barrel….[chart]
2 – The
price of a gallon of gasoline in the United States seems destined to hit a
brand new all-time record at some point this year. Was it really just a
few short years ago when the average price of gas in this country was about a
dollar a gallon?…. [chart]
3 – The
value of most precious metals is very consistent over time. So when you
see precious metals go up dramatically in price, it means that the dollar is being
devalued. The price of gold just set another new all-time high and it
seems destined to keep going even higher….[chart]
4 – The
chart below from the Federal Reserve is a measure of the price of all
commodities. These price increases are inevitably going to be passed
along to consumers in the United States….[chart]
5 – After
a couple of years of stable food price, the price of food is starting to take
off yet again….[chart]
In fact, many
analysts are warning that we could experience a major food crisis over the next
couple of years. The global demand for food continues to grow at a very
brisk pace, but all of the crazy weather we have been having around the world
has caused some very bad harvests.’
Oil
surges after Libya airstrike near oil terminal Reuters
] Fighting
near oil ports in Libya fuels market anxiety. Pump prices have reached $3.39 a
gallon.Fed
report shows gains in U.S. economy, moderate growth (Washington Post) [
Come on! What do you expect them to say … they lie about everything … and at what cost in insurmountable debt,
debt service and defacto bankruptcy of the nation. En route to losing near 8 million jobs,
before and during the melt-down, if you recall (I do, and reported here on my
site) jersey (that says it all) based adp was pulling job numbers out of their
a***s, ‘surprising’ to the upside as now, although I would concede some
contract work with money defacto bankrupt america doesn’t have may have
provided a lesser number. How can you believe anything they say? Drudgereport: Announced Job Cuts 'Rose 20%
From Year Ago'... more of
things to come Idaho county files for
bankruptcy... ] Job market shows progress, as do sectors
such as retail and tourism. Metal News for the Day
Grant ‘…With the Fed now buying
70% of Treasury's debt issuance, one has to wonder who will step in to fill the
void when the Fed finally does implement their so-called "exit strategy."
PIMCO's Bill Gross poses the question plain and simple in his most
recent Investment Outlook : Who will buy Treasuries when the Fed doesn’t?
Certainly nobody is going to completely fill the massive void in the debt
market left by a retreating Fed at the current yields. Yields will have to rise
once the Fed's faux demand is gone and yields start to once again accurately
reflect risk and that will threaten the recovery. So you see the dilemma. Our
own Jonathan Kosares discussed this very topic in the lead article of our December Newsletter .
People began to speculate about QE3 shortly after QE2 was announced and such
market chatter is ongoing and even intensifying. In a recent
Barron's interview , MacroMavens' Stephanie Pomboy says she doesn't believe
the recovery is sustainable at all. Her recommendation? Buy
Treasuries...clearly she thinks the Fed is going to remain a buyer and can be
front-run...oh, and buy gold …’ The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation
(Washington Post) [Wobama says daffy
gaddafi’s time is up, got to go. The same can be said of wobama et als and his
fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [
I think Sheen to be too gentle in his criticism of wobama (Some might
reflexively, defensively allege drugs (prescription or otherwise) or any number
of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The Obama Corsi Rezko was corrupt, and supported Obama in
many campaigns as well as in Obama buying his home -- and therefore, according
to Corsi Obama www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States. Public
confidence in Obama reaches new low
(Washington Post). Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of ‘typical’:
Public
confidence in Obama reaches new low
(Washington Post) Six in 10 Americans lack faith in Obama and hold lower
esteem for members of Congress, according to the latest Washington Post-ABC
News poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’: But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post : While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker, along with the dems. This well
researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
] ] Article | Tuesday will be known as the day we heard from The
Receiving End of Charlie Sheen's Scorched Earth Media Tour. Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
Bernanke:
Fed will respond if oil prices trigger inflation (Washington Post) [ If?
Come on … don’t make me laugh! … Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance of all this is that in the U.S. it’s
business as usual as far as monetary policy is concerned. According to Fed
Chair Bernanke, the U.S. economy must grow at a rate of at least 2.5% per annum
just to keep unemployment stable, however, he has made it clear that he will
pursue policies to boost growth above that level. With oil prices soaring, he
is facing yet another headwind. Rather than mopping up the liquidity that, in
our assessment, has contributed to global commodity inflation, he may be
tempted to keep the printing press in high gear to promote economic growth.
It doesn’t really matter whether we think there is a
crisis. What matters is that the Fed doesn’t think its policies are
contributing to global instability and continues on its expansionary path.
After all, the banks continue to sit on their money and as such, the economy is
certainly not in overdrive. With the exception of social instability spreading
globally, the Fed may be very much on course:
Bernanke may want a weaker dollar. Unlike his
predecessor, Bernanke embraces the U.S. dollar as a monetary policy tool
to boost economic growth. Bernanke wants higher inflation. Having explicitly
called for higher inflation since last August, he has since praised the
progress the market has made in pricing higher than inflation
expectations. The challenge with raising inflation expectations is not
only that it may be difficult to lower those expectations later but that
it is difficult to control where that inflation appears. Bernanke, in our
assessment, needs to get home price to rise and is willing to put up with
rising prices in other areas. We often focus on housing as a reason the Fed
wants to boost growth, but we can also focus on WalMart (WMT ):
in the 13 weeks that ended 1/29/2010, WalMart’s sales declined 1.2%. Keep
in mind that unlike government statistics, WalMart’s sales are not
inflation adjusted. Also keep in mind that WalMart has been expanding its
produce section in recent years; the section very much exposed to food
inflation. As a result, on a real basis, sales have had rather substantial
declines. Given that WalMart’s sales comprise more than 10% of total U.S.
retail sales, we don’t believe there is such a thing as "company
specific" problems; WalMart’s problems are those of the U.S. economy.
In contrast, the rest of the world is taking steps to
stem inflationary pressures. Russia is the latest country to raise interest
rates, following countries ranging from Sweden to Norway, Canada to Australia
and Korea to China. In the Eurozone, the pairing down of some emergency
facilities (leading to a draining of liquidity; a form of monetary tightening)
and recent hawkish talk suggest interest rates may be raised later this year.
This discussion should clarify that it is perfectly
possible for the world to be in turmoil without the U.S. dollar being a
beneficiary. The focus of this analysis was the perceived status of the U.S.
dollar as a safe haven, as well as implications of food inflation; a small, but
important sliver affecting the U.S. dollar.’
Locked
in standoff, Gaddafi foes debate foreign airstrikes Opposition leaders consider requesting
foreign intervention (Washington Post) [ Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times ( Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! )
DÉJŔ
VU ALL OVER AGAIN? WHERE’S YOGI WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY:Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan President Hugo Chavez claims U.S.
criticism of Libyan leader Moammar Gadhafi has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with
Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian
crisis to control Africa’s largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements. ] Issue takes on increasing urgency amid
realization that rebels cannot continue to match the weaponry and firepower of
forces loyal to Gaddafi.
The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation
(Washington Post) [Wobama says daffy
gaddafi’s time is up, got to go. The same can be said of wobama et als and his
fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [
I think Sheen to be too gentle in his criticism of wobama (Some might
reflexively, defensively allege drugs (prescription or otherwise) or any number
of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total
fraud having been elected under false pretenses; viz., his total, unequivocal,
and unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship / birthplace
placing his eligibility to even hold the office of president in question. Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The Obama Corsi Rezko was corrupt, and supported Obama in
many campaigns as well as in Obama buying his home -- and therefore, according
to Corsi Obama www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States. Public
confidence in Obama reaches new low
(Washington Post). Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of
‘typical’: Public
confidence in Obama reaches new low
(Washington Post) Six in 10 Americans lack faith in Obama and hold lower
esteem for members of Congress, according to the latest Washington Post-ABC
News poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’: But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post : While boner and barton are indeed jokes / vegetables that bespeak the
single-digit approval rate for congress, obama’s failure to deliver on promises
with as well, endless war spending despite defacto bankruptcy of the nation and
a watered down nothing financial regulation bill for talking points but little
substance, make him as big a joker, along with the dems. This well researched /
produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
] ] Article | Tuesday will be known as the day we heard from The
Receiving End of Charlie Sheen's Scorched Earth Media Tour. Bernanke:
Fed will respond if oil prices trigger inflation (Washington Post) [ If?
Come on … don’t make me laugh! … Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance of all this is that in the U.S. it’s
business as usual as far as monetary policy is concerned. According to Fed
Chair Bernanke, the U.S. economy must grow at a rate of at least 2.5% per annum
just to keep unemployment stable, however, he has made it clear that he will
pursue policies to boost growth above that level. With oil prices soaring, he
is facing yet another headwind. Rather than mopping up the liquidity that, in
our assessment, has contributed to global commodity inflation, he may be
tempted to keep the printing press in high gear to promote economic growth.
It doesn’t really matter whether we think there is a
crisis. What matters is that the Fed doesn’t think its policies are
contributing to global instability and continues on its expansionary path.
After all, the banks continue to sit on their money and as such, the economy is
certainly not in overdrive. With the exception of social instability spreading
globally, the Fed may be very much on course:
Bernanke may want a weaker dollar. Unlike his
predecessor, Bernanke embraces the U.S. dollar as a monetary policy tool
to boost economic growth. Bernanke wants higher inflation. Having
explicitly called for higher inflation since last August, he has since
praised the progress the market has made in pricing higher than inflation
expectations. The challenge with raising inflation expectations is not
only that it may be difficult to lower those expectations later but that
it is difficult to control where that inflation appears. Bernanke, in our
assessment, needs to get home price to rise and is willing to put up with
rising prices in other areas. We often focus on housing as a reason the Fed
wants to boost growth, but we can also focus on WalMart (WMT ):
in the 13 weeks that ended 1/29/2010, WalMart’s sales declined 1.2%. Keep
in mind that unlike government statistics, WalMart’s sales are not
inflation adjusted. Also keep in mind that WalMart has been expanding its
produce section in recent years; the section very much exposed to food
inflation. As a result, on a real basis, sales have had rather substantial
declines. Given that WalMart’s sales comprise more than 10% of total U.S.
retail sales, we don’t believe there is such a thing as "company
specific" problems; WalMart’s problems are those of the U.S. economy.
In contrast, the rest of the world is taking steps to
stem inflationary pressures. Russia is the latest country to raise interest
rates, following countries ranging from Sweden to Norway, Canada to Australia
and Korea to China. In the Eurozone, the pairing down of some emergency
facilities (leading to a draining of liquidity; a form of monetary tightening)
and recent hawkish talk suggest interest rates may be raised later this year.
This discussion should clarify that it is perfectly
possible for the world to be in turmoil without the U.S. dollar being a
beneficiary. The focus of this analysis was the perceived status of the U.S.
dollar as a safe haven, as well as implications of food inflation; a small, but
important sliver affecting the U.S. dollar.’
House
Republicans press SEC on official's ties to Madoff (Washington Post) [ The
ultimate subterfuge. Mr. small potatoes madoff the focus of so much influence …
yet he’s in jail … and the only one … Boy, did mary shapiro become total b***
s*** fast … the current shibboleth of
capital hill / all 3 branches of pervasively corrupt u.s. government …
joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
]
House Republicans ramp up pressure on SEC Chairman Mary Schapiro. Locked
in standoff, Gaddafi foes debate foreign airstrikes Opposition leaders consider
requesting foreign intervention (Washington Post) [
Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor -
In a speech to cadets at the United States Military Academy at West Point,
Gates's message was clear: The US military services, as well as the elected and
appointed civilians who send them to war, need better ways of foreseeing and
preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times ( Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! )
DÉJŔ
VU ALL OVER AGAIN? WHERE’S YOGI WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY:Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan President Hugo Chavez claims U.S.
criticism of Libyan leader Moammar Gadhafi has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with
Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian
crisis to control Africa’s largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements. ] Issue takes on increasing urgency amid
realization that rebels cannot continue to match the weaponry and firepower of
forces loyal to Gaddafi.
[ (2-26-11
et seq.) Let me state for the record here that my computer has been under
constant viral, hack attack, paralleling prior such foolish, paranoid actions
and let me reiterate: They will be sorry and I won’t forget it! ]
Will
‘Chindia’ Rule the World in 2050, or America After All? [ I include this only
because it’s by Evans-Pritchard in light of his prior forthrightness in
reporting what he saw (clinton years, financial crisis pre-blowout, etc.). But
Citigroup and HSBC? Hardly the pictures of Nostradamus gone corporate given
their track records. Evan Evans-Pritchard is out of his league here since 2050
is so optimistically close to the end (remember, decades at best), that such
really matters very little. Diisclosure: I haven’t and don’t need to read the
article. ] Ambrose
Evans-Pritchard | Citigroup
and HSBC have come up with radically different pictures of what the world will
look like in 2050.
DÉJŔ
VU ALL OVER AGAIN? WHERE’S YOGI WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY:Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan President Hugo Chavez claims U.S.
criticism of Libyan leader Moammar Gadhafi has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is edging towards a possible military confrontation with
Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson | Administration readies to exploit humanitarian
crisis to control Africa’s largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements.
“The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable
for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy gaddafi’s time is up, got to go. The same can be said
of wobama et als and his fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [
I think Sheen to be too gentle in his criticism of wobama (Some might
reflexively, defensively allege drugs (prescription or otherwise) or any number
of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The Obama Corsi Rezko was corrupt, and supported Obama in
many campaigns as well as in Obama buying his home -- and therefore, according
to Corsi Obama www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as
this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post : While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ethics
code urged for Supreme Court
(Washington Post) [
Sounds like a plan! Come on! Wake up! After all, what can you expect
from two guidos from ‘jersey (alito and scalia, colloquial – note that I have
refrained from using what some might consider disparaging terms as w*p*,
gui***s, or da***s … and let me state for the record that I truly loved and
respected my grandmother who was 100% Italian/Bari,Italy and as well my
grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby
claim standing/right to posit the criticism in light of my direct experience.
). How ‘bout starting with enforcing laws as to judges, liars, etc., within the
very corrupted american illegal system; and, particularly bribes which in one
form or another are rampant . I don’t know about Thomas, but I do know about
alito and ‘jersey … :
October 15, 2010
(*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
A judgment had been entered in my
favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess
of $300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc.. Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey
with whom I met personally at the U.S. Attorney’s Office in Newark, N.J.,
at which time Samuel Alito was U.S. Attorney, and went over said documents
and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the office
of then U.S. Attorney Alito, addressed to him, with assurance they would
go directly to him. In addition to being inept [
I looked in on the one mob case he had brought, bungled, lost (accidently
on purpose?) since I was suing some mob-connected under RICO and the court
(I had known / previously met outside of court the judge Ackerman through
a client) was absolute bedlam and a total joke since incompetent corrupt
Alito brought in all 20 mob defendants (rather than prosecute one or a few
to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As
much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I
called to determine the status and was told that Alito was no longer with
the Office of the U.S. Attorney, that he was (appointed) a federal judge,
and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct
lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
] Group of law professors'
appeal comes after controversies involving travel and appearances at political
events by several justices.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant
video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm
]
Drudgereport: OIL
SHOCK AS MIDEAST SPIRALS More
Than 140,000 People Flee Libya... Gadhafi
forces retake towns near capital... Cameron
backtracks on no-fly zone plan... Astonishing
wealth of Gaddafi and his family revealed... WIKILEAKS'
ASSANGE CITED JEWISH CONSPIRACY... YEMEN
RAGES... President
says US, Israel behind unrest... Fashion
Week Führer: DIOR Fires Galliano After Racism Complaints... 'I
love Hitler'... 'Your
parents should have been gassed'... FADE:
OSCAR RATINGS DOWN 10% ... Injury
Added to Insult... Bob Hope: Academy Awards,
‘passover’ … very funny! ]CIVIL
WAR WEEKEND
Armed
pro-Gaddafi gangs roll in Tripoli... ...Shooting
from ambulances... GRAFFITI
AND BARRICADES... Gaddafi
vows to crush protesters... Egypt
protesters dispersed by force... Al
Qaeda calls for revolt against Arab rulers... Obama
to Gaddafi: Leave now... UN
Security Council passes votes to sanction...
Gas
prices surge 17 cents in a week... Motorist
Calls Police Over Rising Prices... OBAMA:
CAN WE DRILL NOW? LONDON
DRIVERS PAYING $9 A GALLON... Spain
reduces motorway speed limit to save oil...
WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' WEST MOVES MILITARY ASSETS AROUND LIBYA CharlieSheen
Publicist Runs For Hills... Actor
set to sue CBS for $320M, 'mental anguish'... The
Legal Letter... THE
'TODAY' INTERVIEW... NY
MAG: Madoff on Madoff: The Jailhouse Tapes... Government
a Ponzi scheme...
CIVIL
WAR WEEKEND... Anti-Gaddafi
forces widen control... Take
town 30 miles from Tripoli... Security
forces defect... Armed
pro-gangs roll in capital... ...shooting
from ambulances ISRAELI'S
YOUTUBE SPOOF OF GADHAFI CATCHES ON IN ARAB WORLD... Police
station, state office burning in Oman town... Tunisia
prime minister resigns... Gingrich
to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I mean, come
on … are memories so short they don’t recall him being a total hypocrite,
zionist shill, and part of the problem
though to his credit, he’s not a mobster and complete joke as is trump! ]
CHICAGOLAND:
Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty Politics... [ The contract’s with money the nation doen’t really
have anyway; and, the value of the money paid will be worth substantially less
by completion; and, no surprise … Chicago hasn’t changed much from the days of
capone and is rivaled in terms of corruption by such states as jersey, new
york, etc.. ] ‘…“I’m disappointed but not surprised,”
Republican Sen. Richard Shelby said. “Only Chicago politics could tip the
scales in favor of Boeing’s inferior plane. EADS clearly offers the more
capable aircraft.”…’
Six NATO troops killed in Afghanistan … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian Science
Monitor - In a speech to cadets at the United States Military
Academy at West Point, Gates's message was clear: The US military services, as
well as the elected and appointed civilians who send them to war, need better
ways of foreseeing and preparing for ...
Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ] Ohio,
Wisconsin shine spotlight on new union battle (Washington Post) [ The
importance of this article cannot be over-stated in at least its an attempt to
highlight, if not distinguish between the roles of unions in the private sector
versus the public sector, namely government. While in law school evenings, and
working at a law firm during the day, I invariably taught one or two courses
per semester (spring, fall, summer) at a local college in predominantly
finance, management, insurance, and real estate. I used the Drucker text, case
book, materials for management which enabled me to pay close attention to his
quite brilliant thoughts, positions as they continued to evolve (as an
undergrad we used Drucker, who also was consultant to many major corporations).
He was a defender of unions in the private sector, if only to provide an all
encompassing, cohesive, unified group with which management could deal. He also
talked about the need to apply management principles to and manage non-profit
organizations, institutions as, ie., hospitals, schools, etc., and hence by
inference, though he didn’t seem to get to it, governments. They specifically
needed to be managed for performance, which of course, in his approach required
substantial thought in defining mission, goals, objectives, steps in achieving
objectives, and measuring achievement or not of objectives, etc.. Moreover,
raises, compensation, benefits, pensions were never to be automatic, but rather
based upon clearly defined performance, merit, as can be measured. The problem
in pervasively corrupt, defacto bankrupt america particulary is that more,
regardless of performance had, has become an oftimes integrally political thing
determinant of election results. Congress (as well as judiciary, executive
branch-excepting law enforcement) has been among the worst offenders from not
only the perspective of their own ever increasing pay / benefit / compensation
packages despite the nation’s sinking sensation, but as well, their role in
keeping in check the abuses, frauds, crimes in the private sector (ie., wall street,
ceo excessive comp., etc.) which duty they have egregiously shirked. The
bottomline is exactly that; viz., the bottomline. The money’s not there. The
nation, state, local governments in america have not been managed for
performance and are defacto bankrupt in general therefore. States can’t pay
what they don’t have, but there are a lot of those, ie., frauds on wall street,
etc., who should be paying first, whatever it takes! ] The divide between government worker unions
and their opponents highlights a critical aspect of the evolving labor
movement. Cohen:
Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time
for israelis / jews to reject zionism and all that is entailed therein,
including an alternate reality that defies credulity, rationality, and facts;
such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition
and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was
not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc.
(the list is endless inasmuch as when facts are not on their side, such
specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient
subterfuge distracting from their weak position; ie., illegal nukes, war
crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international
law. At best, no … God did not give them this land … at worst, God took the
land back when they with roman muscle crucified Christ. Balfour was an
arbitrary, incompetent, british joke.).
] U.S.
freezes $30 billion in Libya government assets (Washington
Post) [ The lesson for the Libyan people based upon pervasively corrupt,
defacto bankrupt war crimes nation america’s desperation is … you better watch
that Libyan money closely; after all, look what’s happened to american money in
american hands … totally plundered by the opportunist few! ] Action taken by executive order is largest
blocking under any U.S. sanctions program ever; Clinton announces efforts to
stem humanitarian crisis.
[ (2-26-11)
Let me state for the record here that my computer has been under constant
viral, hack attack, paralleling prior such foolish, paranoid actions and let me
reiterate: They will be sorry and I won’t forget it! ]
Report:
GOP spending plan would cost 700,000 jobs
(Washington Post) [ If everyone was so concerned with the reality that
pervasively corrupt america is defacto bankrupt, they could could begin with
disgorgement of the hundreds of billions in fraudulent gains gotten in their
massive fraud by the frauds on wall street by prosecuting same as falsely
promised by ‘wobama the b’ (for b*** s***) and holder as set forth in Oscar
Winner Ferguson’s Documentary, ‘INSIDE JOB’, see immediately hereafter. After
all, the nation is bankrupt! Don't
cut here (Washington Post) [ If not there … then where? I think people are
totally out-of-touch with the reality of america’s dire circumstances and
impending collapse on as many levels as a nation could face disaster. Denial?
If it were only that simple … Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR ( The
instant video from Stansberry and Associates is so well researched and
succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The
complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv )
] Topic A: Advocates make the case for funding their favorite
federal programs. [ With what? The nation’s bankrupt: Senate
Democrats draft cuts in domestic agency budgets (Washington Post) [ Do these ‘too little, too late’ so-called
cuts purport to make the nation ‘less bankrupt’? There’s no such thing …
absolutely preposterous! And, Kotlikoff thinks so as well, see immediately
hereafter… ] The plan will involve
accelerating some of the $33 billion in program terminations and reductions
included in Obama's proposed budget for next year. When Pretending Fails to
Hide Bankruptcy: Laurence Kotlikoff ( Today in the WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011 Feb.
23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or
five years. It’s bankrupt today…’ ] The
report offers fresh ammunition to Democrats seeking block the plan, which would
slash federal appropriations by $61 billion.
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable
for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy
gaddafi’s time is up, got to go. The same can be said of wobama et als and his
fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [
I think Sheen to be too gentle in his criticism of wobama (Some might
reflexively, defensively allege drugs (prescription or otherwise) or any number
of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. ] Amidst the controversy of his wild interview on the Alex Jones Show
yesterday, actor Charlie Sheen wasted little time in confronting President
Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11,
calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the
power of the purse by impeaching Obama.
Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill Barack
Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our
Jobs Overseas As Part Of The New One World Economy The other day, Barack
Obama summoned a group of business and labor leaders to the White House and
“challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant
video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm
]
‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billiions from the fraud ), the commentator /
experts recommend getting rid of the corrupt eric holder ( now what do holder
and wobama have in common … is it wall street money ………… is it a proclivity for
jive-talking / b*** s*** ………all of the above, some of the above ……….. or is it
something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable
for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside
Job’ New Documentary Exposes Wall Street Fraud And How Banksters Continue To
Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy
gaddafi’s time is up, got to go. The same can be said of wobama et als and his
fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [
I think Sheen to be too gentle in his criticism of wobama (Some might
reflexively, defensively allege drugs (prescription or otherwise) or any number
of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total, unequivocal,
and unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship / birthplace
placing his eligibility to even hold the office of president in question. ]
Amidst the controversy of his wild interview on the Alex Jones Show yesterday,
actor Charlie Sheen wasted little time in confronting President Barack Obama on
his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama,
“a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the
power of the purse by impeaching Obama.
Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as
this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post : While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ethics
code urged for Supreme Court
(Washington Post) [
Sounds like a plan! Come on! Wake up! After all, what can you expect
from two guidos from ‘jersey (alito and scalia, colloquial – note that I have
refrained from using what some might consider disparaging terms as w*p*,
gui***s, or da***s … and let me state for the record that I truly loved and
respected my grandmother who was 100% Italian/Bari,Italy and as well my
grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby
claim standing/right to posit the criticism in light of my direct experience.
). How ‘bout starting with enforcing laws as to judges, liars, etc., within the
very corrupted american illegal system; and, particularly bribes which in one
form or another are rampant . I don’t know about Thomas, but I do know about
alito and ‘jersey … :
October 15, 2010
(*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer
to prevent viral attacks / infection and are without threat). I also include 1
copy of the DVD as filed with the subject court as referenced therein (which
files are also included on the aforesaid 3 disks in a separate folder named
‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a
criminal statute which provides a civil remedy, including treble damages and
attorney fees, as an incentive for private prosecution of said claims probably
owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such
assistance given the seriousness and prevalence of said violations of law which
have a corrupting influence on the process, and which corruption is pervasive).
A grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but typical
problem with my mail) along with my response thereto is included on the 3 disks
as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
A judgment had been entered in my
favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ
Alvin Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
] Group of law
professors' appeal comes after controversies involving travel and appearances
at political events by several justices.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant
video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm
]
‘The Chicago PMI
for February climbed to a 20-year high of 71.2. It had only ben expected to
come in at 67.5 after a 68.8 reading in January’. [ Come on! Does anyone
take anything coming out chicago capone-land seriously…maybe is the answer if
you’re a fool. ]
Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich.
We want to
believe they’re telling us the truth. Silly, huh? Both trapped in this eternal
“dance of death” controlled by programs hidden deep in our brains, telling us
what to do, telling us to ignore facts to the contrary — till it’s too late,
till a new crisis crushes all of us.
Dow ends at 2 1/2-year high
Joe Bel Bruno explains why stocks climbed to
21/2-year highs and extended their winning streak to a third consecutive week.
Psychology offers us a powerful lesson: Our
collective brain is destined to trigger a crash before Christmas 2011. Why?
We’re gullible, keep searching for a truth-teller in a world of liars. And
they’re so clever, we let them manipulate us into acting against our best
interests.
In fact, behavioral science tells us that bankers and
politicians are lying to us 93% of the time. It’s 13 times more likely Wall
Street is telling you a lie than the truth. That’s why they win. Why we lose.
Because our brains are preprogrammed to cooperate in their con game. Yes, we
believe most of their lies.
One of America’s leading behavioral finance gurus,
University of Chicago Prof. Richard Thaler, explains: “Think of the human brain
as a personal computer with a very slow processor and a memory system that is
small and unreliable.” Thaler even admits: “The PC I carry between my ears has
more disk failures than I care to think about.” Easy to manipulate.
Eternal love story: Your brain’s in love with Wall Street’s brain
Thaler’s a quant, speaks mostly in cryptic
algorithmics. So if you really want to know how Wall Street’s con game works on
you, Barry Ritholtz, the financial genius behind “Bailout Nation,” recently
summarized it in the Washington Post: “Humans make all the same mistakes, over
and over again. It’s how we are wired, the net result of evolution. That
flight-or-fight response might have helped your ancestors deal with hungry
saber-toothed tigers and territorial Cro Magnons, but it drives investors to
make costly emotional decisions.”
Humans have something “akin to brain damage,” says
Ritholtz. “To neurophysiologists, who research cognitive functions, the
emotionally driven appear to suffer from cognitive deficits that mimic certain
types of brain injuries. … Anyone with an intense emotional interest in a
subject loses the ability to observe it objectively: You selectively perceive
events. You ignore data and facts that disagree with your main philosophy. Even
your memory works to fool you, as you selectively retain what you believe in,
and subtly mask any memories that might conflict.”
Worse,
there’s no cure.
Your brain needs to believe lies; Wall Street loves telling lies
Examples: USA Today headline: “Average Bull is 3.8
years: We’re not at 2 yet.” More upside. Wall Street loves it. The Wall Street
Journal: “Stock recovery in high gear … S&P500 now speeding toward its next
landmark,” double its March 2009 bottom.
Other lies: Inflation and rate rises won’t push China
and America over the edge into a new bear recession. That one’s real popular in
Wall Street’s echo chamber. Wall Street also cheers every time cable pundits
and journalists repeat their favorite statistic: That stocks rally in the third
year of a presidency, often more than 20%. Yes, Wall Street loves those 93%
lies.
Biggest lie? Wharton’s perennial bull, Jeremy Siegel,
of “Stocks for the Long Run” fame, recently told a TD Ameritrade Institutional
Conference, “There’s nothing but upside to come …the next several years are
going to be good for stocks.”
Yes, one of Wall Street’s favorite co-conspirators is
hypnotizing thousands of our best money managers and advisers into believing
the lie that this bull market will roar indefinitely. Worse, they’ll use that
message to sell naive investors on buying whatever junk Wall Street is selling.
Get the picture? A little conspiracy begins in your
head, a conspiracy between your gullible brain and Wall Street’s con men
selling hype, hoopla and happy-talk. Listen and you’ll lose. Warning: This
little conspiracy is a retirement killer. Remember: It’s odds-on you’re being
lied to. So for a few moments, listen to some highly respected contrarians.
They’re short-selling this conspiracy, betting that 2011 will hit headwinds
before Christmas, turn a cyclical bull rally into a cyclical bear market.
Our brains never learned 2008’s lessons, will fail again in 2011
Remember, we can’t help it. Our brains are defective,
biased, manipulated by unseen forces 93% of the time. So blame all the lies,
lying and liars on our brain wiring. A perfect excuse. Sure, political dogma
and insatiable greed factor into our bizarre mental equations. But your brain is
as susceptible to the “great con” as Ben Bernanke, Henry Paulson, Bernie
Madoff.
Go back a few years: The subprime credit meltdown was
widely predicted years in advance. For example, back in 2007, the IMF’s Chief
Economist, Raghuram Rajan, “delivered a stark warning to the world’s top
bankers: Financial markets were headed for doom. They laughed it off,” said the
Toronto Star. Both Alan Greenspan and Larry Summers were there.
In April 2007, Jeremy Grantham, whose firm manages
$107 billion, also warned investors: “The First Truly Global Bubble: From
Indian antiquities to modern Chinese art; from land in Panama to Mayfair; from
forestry, infrastructure, and the junkiest bonds to mundane blue chips; it’s
bubble time. … Everyone, everywhere is reinforcing one another. … Bursting of
the bubble will be across all countries and all assets … no similar global
event has occurred before.”
We knew a crash was coming, Wall Street laughed.
Call it denial, or lying, or just a brain defect,
late that summer as the meltdown spread like wildfire, shutting down the
economy, our manipulative Treasury Secretary Hank Paulson, a former Goldman
Sachs CEO, told Fortune “this is far and away the strongest global economy I’ve
seen in my business lifetime.” And Fed boss Bernanke was telling us the
subprime crisis was “contained.” Alan Greenspan agreed. He was on tour, making
millions hustling his new book of excuses, delusions and lies, “The Age of
Turbulence.”
Today, just three years later, the market’s just a
shade above its 2000 peak. Adjusted for inflation, Wall Street stocks have lost
roughly 20% of your retirement money the past decade. Get it? Wall Street’s a
big loser the past decade. And they’ll lose another 20% by 2020. Why? Because
93% of what comes from Wall Street is suspect, can’t be trusted.
Warning: Cyclical bull ends in 2011, new cyclical bear roars back
At the beginning of 2011 USA Today reported a
contrarian forecast. Ned Davis Research says the S&P 500 will make a run at
the 2007 high of 1,565, but hit a “midyear peak.” Then it will crash as
interest rates rise. Davis concludes: “The midyear peak could mark the end of
the cyclical bull market that began in March 2009 and the start of a new
cyclical bear market.”
Warning, even though your brain doesn’t want to hear
it, there is a high probability a new cyclical bear market will begin this
summer … and overshadow the 2012 elections.
The Journal’s also warning: “Inflation jitters spread
through emerging markets, prompting China’s central bank to raise interest rate
for the third time in four months amid worries that a drought threatening the
country’s wheat crop will put further pressure on global food prices.”
Wake up America: With commodity prices rising
rapidly, all the bizarre rationalizations Wall Street uses to keep Bernanke’s
interest rates low are rapidly vaporizing. Yes, Ned Davis’ prediction of a bear
will soon be a painful reality.
S&P 500 inflated, worth just 910, get out before it tops 1,500
Grantham also sees inflation and rising interest
rates killing the lies, popping the bubble and ending the rally: “As a simple
rule, the market will tend to rise as long as short rates are kept low. This
seems likely to be the case for eight more months and, therefore, we have to be
prepared for the market to rise and to have a risky bias.”
With $107 billion at stake Grantham better be
concerned. He predicted the 2008 meltdown, now sees a repeat dead ahead: “Be
prepared for a strong market and continued outperformance of everything risky,
but be aware that you are living on borrowed time as a bull.”
Yes, the bubble will pop this year says Grantham: “If
the S&P rises to 1,500, it would officially be the latest in the series of
true bubbles. All of the famous bubbles broke, but only after short rates had
started to rise.”
So keep a close watch on those two tipping points in
your planning, interest rates breaking to the upside and the S&P closing
near 1,500. When inflation pushes interest rates up they’ll choke off this bull
market. If you’re active, better stop chasing higher returns, especially
emerging markets.
Bottom line: In what sounds like a direct shot at
super-bull Jeremy Siegel, Grantham says that GMO’s research warns that “the
market is worth about 910 on the S&P 500, substantially less than current
levels” just above 1,300.
Then Grantham throws his fast ball right down the
middle: “The speed with which you should pull back from the market as it
advances into dangerously overpriced territory this year is more of an art than
a science, but by October 1 you should probably be thinking much more
conservatively.”
Translation: Get the heck out of Wall Street’s stock
market casino soon, maybe as early as July 4th, and definitely get out by
Christmas, because soon all the lies, lying and liars will stop working. ‘
Congress
on course to avert shutdown (Washington Post) [ And just when we thought there was hope … for the
nation … the world … How ‘bout a massive
furlough program for congress, the judiciary, and the executive branch (except
law enforcement). After all, if all of the foregoing along with the likes of
pseudo gov’t / connected fraudulent wall street, etc., are not to blame for the
debacle we now call america, then who is? They are, period, exclamation point.
Massive firings would also do quite satisfactorily! ]
Chinese
authorities block Web site, terms (Washington Post) [ It is bad enough that
China is essentially a totalitarian communist nation, disingenuously relying
upon capitalism for its stellar growth. In light of such and China’s
preoccupation with censorship, it is also clear that it’s not so much China’s
rise as it is pervasively corrupt / defacto bankrupt america’s demise. In other
words, they’re ‘limited’ (by such). But make no mistake, pervasively corrupt,
defacto bankrupt america goes to great lengths in suppressing information,
truth in favor of what’s spewed out by their propaganda machine which is
nonpareil; and then there’s the perpetual illegal wars. ] Chinese authorities continued to tighten
controls on Internet use Friday in the face of murky calls for "jasmine
rallies" to emulate the anti-government protests convulsing the Middle
East and North Africa.
When
Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff ( Today in the
WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011 Feb.
23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or
five years. It’s bankrupt today.
Want proof? Look at President Barack Obama’s 2010
budget. It showed a massive fiscal gap over the next 75 years, the closure of
which requires immediate tax increases, spending cuts, or some combination
totaling 8 percent of gross domestic product. To put 8 percent of GDP in
perspective, this year’s employee and employer payroll taxes for Social
Security and Medicare will amount to just 5 percent of GDP.
Actually, the picture is much worse. Nothing in
economics says we should look out just 75 years when considering the
present-value difference between future spending and future taxes. Over the
full long-term, we need an extra 12 percent, not 8 percent, of GDP annually.
Seventy-five years seems like a long enough time to
plan. It’s not. Had the Greenspan Commission, which “fixed” Social Security
back in 1983, focused on the true long term we wouldn’t be sitting here now
with Social Security 26 percent underfunded. The Social Security trustees, at
least, have learned a lesson. The 26 percent figure is based on their infinite
horizon fiscal- gap calculation.
But the real reason we can’t look out just 75 years
is that the government’s cash flows (the difference between its annual taxes
and non-interest spending) over any period of time, including the next 75
years, aren’t well defined. This reflects economics’ labeling problem. If you
use different words to describe the receipts taken in and paid out each year by
the government, you produce entirely different cash flows and an entirely
different fiscal gap measured over any finite horizon.
Matter of Language
It’s only the value of the infinite horizon fiscal
gap that is unaffected by the choice of labels of language. Take this year’s
payroll tax contributions. Let’s call these transfers from workers to Uncle Sam
“borrowing” by the government, rather than “payroll taxes,” since the money
will be paid back as future benefits. If the future payback isn’t in full
(equal to principal plus interest), we can call the difference a “retirement
tax.” Presto! With this change of words, our 2011 deficit of about 10 percent
of GDP is boosted another five points to 15 percent.
With one set of words, taxes are higher now and lower
latter. With the other set of words, the opposite is true. But neither set of
labels makes more economic sense than the other or changes what the government
takes, on balance, from any person or business in any given year.
This is no surprise. The math of economics rules out
an absolute measure of the deficit, just like the math of physics rules out an
absolute measure of time.
Bottom Line
The bottom line, then, is that we need to look at the
infinite-horizon fiscal gap not just for Social Security, but for the entire
federal government. That analysis, based on the Congressional Budget Office’s
long-term alternative fiscal scenario, shows an unfathomable fiscal gap of $202
trillion. And covering this gap requires coming up with the aforementioned 12
percent of GDP, forever.
If this gives you the willies, there’s a ready
narcotic -- the president’s 2012 budget, which shows that most of our long-
term fiscal problem has miraculously disappeared; the fiscal gap isn’t 12
percent of annual GDP. Nor is it 8 percent. It’s now 1.8 percent.
This fantastic improvement in our finances is due,
we’re told, primarily to the Independent Payment Advisory Board. This board, to
be established in 2014 (after the next election, of course) is charged with
recommending cuts to Medicare and Medicaid providers when their costs grow too
fast.
Repealing Cuts
We’ve had laws mandating such cuts for years, and
they are routinely repealed. Indeed, President Obama signed the latest such
repeal last June. But rather than laugh out loud at this cost-control
mechanism, the Medicare trustees, three-quarters of whom were appointed by the
president, assume in their 2010 report that these cuts will be made -- to the
dollar. And the 2012 budget cites the report’s fictional forecast as its
authoritative source.
No one takes the 2010 Medicare trustee report’s
long-run projections seriously, least of all Richard Foster, Medicare’s chief
actuary. Foster added this statement to the end of the report: “The financial
projections shown in this report for Medicare do not represent a reasonable
expectation…in either the short range…or the long range.”
This isn’t the first administration to conceal our
long- term fiscal problem. Back in 1993, Alice Rivlin, then deputy director of
the Office of Management and Budget, asked me and economists Alan Auerbach and
Jagadeesh Gokhale to prepare a long-term fiscal gap/generational accounting for
inclusion in President Bill Clinton’s 1994 budget.
Politics Triumphs
We worked for months on the analysis, but two days
before the budget’s release, the study was excised from the budget. We were
shocked, but, in retrospect, the politics are clear. The Clinton administration
wanted to claim it was fiscally prudent and the study, which showed unofficial
debt growing at enormous rates, showed the opposite.
The fiscal gap’s next near appearance in a
president’s budget was in 2003. Treasury Secretary Paul O’Neill commissioned
Gokhale and Kent Smetters to do the study. It showed a massive $45 trillion
fiscal gap -- not a great basis for pushing tax cuts or introducing the
prescription-drug benefit for seniors, known as Medicare Part D. O’Neill was
ousted on Dec. 6, 2002, and a couple of days later the fiscal-gap study was
discarded.
I’m not sure whether censoring the fiscal gap is more
dishonorable than fudging it. What I do know is that we can’t assume our
problems away and that I expected far better of this president when I voted for
him.
--Editors:
James Greiff, Steven Gittelson’
] Libyan
ruler clings to power as violence escalates (Washington Post) [ Clings? … As in a tight sweater …
or maybe a straight jacket. Wow! Talk about delusional. ] Regime
opens fire on protesters; Gaddafi calls supporters to arms (Washington Post) [ Pressure
mounts on Gaddafi (Washington Post) [ That he was always a caricature of
sorts, there is no question. That he’s totally burned out, there’s also no
doubt; though they might argue in his defense that so was failed president
dumbya bush … a point well taken … but look at the consequential pathetic state
of pervasively corrupt, defacto bankrupt america … with the unlit torch passed
to failed president wobama the b (for b*** s***) who pretends, or maybe in his
alternate and fake reality just believes it’s lit. That he’s done, also fait
accomplis, after 41 years … who cares. That he’s insane … now that’s quite
another thing with greater worldwide implications, so, daffy… gadaffy…
duck! Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the
world’s command. ‘Something there is that doesn’t love a dictator, that wants
them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert Frost http://albertpeia.com/RobertFrost.htm ). Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the internet,
inherently global in nature is the lynchpin, tampering with or stifling same
marking the end of any regime. Let this be a warning; viz., you cannot put the
genie back in the bottle! 41 years? Gadaffy duck should duck ‘cause he’s done.
I mean, look at him, he’s the singular equivalent of the multiple bushes. He’s
totally burnt out (as much or more so than dumbya bush or mubarack) and quite
done! ] Reports have emerged late Friday that Libya appears to have shut down
its Internet due to widespread protests, less than a month after Egypt did the
same. ] With rebels apparently
controlling much of the eastern half of the country, the violence engulfing
Libya is already the worst in more than a month of unrest that has toppled
other regimes. ]
He remains defiant even as high-level defections continue to weaken his
government and rebels reportedly seize control of key swaths of nation. American
evacuees describe 'long ordeal' on ferry (Washington Post) [ I’ve included
this headline here, not for the article’s content but rather for the statement
of one of said evacuees on network television news that he was told by the u.s.
embassy that they’d have to fend for themselves and that they’re on their own.
That is an important aspect of the fact-filled video presentation by Stansberry
and Associates, infra, except that that will be the almost unimaginable
position of the u.s. government when the almost unimaginable but inevitable
happens here in pervasively corrupt, defacto bankrupt america. Don’t forget,
they and their’s have plundered this nation, its treasury, people and have use
each branch of this government to do so. I’ve experienced this first-hand in
having to ‘fend for myself’ in what should have been a simple RICO case owing
to the venality of those self-interested in the process (bribes, cover-up of
crimes, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) ….. Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR The instant video from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The
complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ]
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The
complete url ( 146 mb – approx. 1 hr. 17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ]
BOB
PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New
Lows Blodget ‘Investors have gotten wildly bullish of late, as the bull
market that started in early 2009 keeps driving stocks to new highs. But the
pigs are about to get slaughtered, says Bob Prechter, president of Elliott Wave International and
editor of the Elliott Wave Theorist. Prechter still thinks the new bull market
is just a cyclical "retracement" of some of the bear market losses
that we've had since the market crashed in 2008. Prechter expected this
retracement to drive stocks 50% above the market lows, but stocks have since
soared 30% higher than than he expected. So when the day of reckoning
comes, Prechter thinks, it will be even more startling. And Prechter
still thinks that stocks will eventually crash to new bear-market lows (read:
below 6,800 on the DOW). What makes Prechter think this day of reckoning may
come sooner rather than later? Sentiment indicators and
other technical analysis. Investor bullishness has
now gotten so extreme, Prechter says, that it has exceeded the levels in 2008
before the market crashed. Investors could still get even more bullish,
of course, but eventually they'll pay for this optimism. And Prechter's not just bearish on stocks: He thinks oil,
silver, and other commodities are absurdly overvalued, too. The only
thing he's bullish on is the dollar. And lest he be dismissed as a perma-bear,
Bob Prechter is quick to add that he hopes there will come a day when he can
come on the show and tell everyone that stocks are finally so crushed and hated
that it's a historic opportunity to buy them. When will that be? Stay
tuned...’
Looking Like A Good Time To Sell Into Strength - Harding ‘Many important global stock markets, including China,
Brazil, India and Hong Kong, have been in fairly significant corrections since
November, down between 12% and 17%. Their major concerns have been rising
inflation and the resulting monetary tightening by their central banks to
combat the inflationary pressures.
21
Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged,
Declawed And Deindustrialized Once upon a time… The Economic Collapse Feb 12, 2011 ‘Once upon a time, the United
States was the greatest industrial powerhouse that the world has ever
seen. Our immense economic machinery was the envy of the rest of the
globe and it provided the foundation for the largest and most vibrant middle
class in the history of the world. But now the once great U.S. economic
machine is being dismantled piece by piece. The U.S. economy is being
gutted, neutered, defanged, declawed and deindustrialized and very few of our
leaders even seem to care. It was the United States that once showed the
rest of the world how to mass produce televisions and automobiles and airplanes
and computers, but now our industrial base is being ripped to shreds.
Tens of thousands of our factories and millions of our jobs have been shipped
overseas. Many of our proudest manufacturing cities have been transformed
into “post-industrial” hellholes that nobody wants to live in anymore.
Meanwhile,
wave after wave of shiny new factories is going up in nations such as China,
India and Brazil. This is great for those countries, but for the millions
of American workers that desperately needed the jobs that have been sent
overseas it is not so great.
This is the
legacy of globalism. Multinational corporations now have the choice
whether to hire U.S. workers or to hire workers in countries where it is legal
to pay slave labor wages. The “great sucking sound” that Ross Perot
warned us about so long ago is actually happening, and it has left tens of
millions of Americans without good jobs.
So what is to
become of a nation that consumes more than it ever has and yet continues to
produce less and less?
Well, the
greatest debt binge in the history of the world has enabled us to maintain (and
even increase) our standard of living for several decades, but all of that debt
is starting to really catch up with us.
The American
people seem to be very confused about what is happening to us because most of
them thought that the party was going to last forever. In fact, most of them
still seem convinced that our brightest economic days are still ahead.
After all,
every time we have had a “recession” in the past things have always turned
around and we have gone on to even greater things, right?
Well, what
most Americans simply fail to understand is that we are like a car that is
having its insides ripped right out. Our industrial base is being gutted
right in front of our eyes.
Most Americans
don’t think much about our “trade deficit”, but it is absolutely central to
what is happening to our economy. Every year, we buy far, far more from
the rest of the world than they buy from us.
In 2010, the
U.S. trade deficit was just a whisker under $500 billion. This is money
that we could have all spent inside the United States that would have supported
thousands of American factories and millions of American jobs.
Instead, we
sent all of those hundreds of billions of dollars overseas in exchange for a
big pile of stuff that we greedily consumed. Most of that stuff we
probably didn’t need anyway.
Since we spent
almost $500 billion more with the rest of the world than they spent with us, at
the end of the year the rest of the world was $500 billion wealthier and the
American people were collectively $500 billion poorer.
That means
that the collective “economic pie” that we are all dividing up is now $500
billion smaller.
Are you
starting to understand why times suddenly seem so “hard” in the United States?
Meanwhile,
jobs and businesses continue to fly out of the United States at a blinding pace.
This is a
national crisis.
We simply
cannot expect to continue to have a “great economy” if we allow our economy to
be deindustrialized.
A nation that
consumes far more than it produces is not going to be wealthy for long.
The following
are 21 signs that the once great U.S. economy is being gutted, neutered,
defanged, declawed and deindustrialized….
#1 The U.S. trade deficit with the rest of the world
rose to 497.8
billion dollars in 2010. That represented a 32.8% increase from 2009.
#2 The U.S. trade deficit with China rose to an
all-time record of 273.1
billion dollars in 2010. This is the largest trade deficit that one
nation has had with another nation in the history of the world.
#3 The U.S. trade deficit with China in 2010 was 27 times
larger than it was back in 1990.
#4 In the years since 1975, the United States had run a
total trade deficit of
7.5 trillion dollars with the rest of the world.
#5 The United States spends more
than 4 dollars on goods and services from China for every one dollar that
China spends on goods and services from the United States.
#6 In 1959, manufacturing represented 28 percent of all U.S. economic
output. In 2008, it represented only 11.5 percent and it continues to
fall.
#7 The number of net jobs gained by the U.S. economy
during this past decade was smaller than during any other
decade since World War 2.
#8 The Bureau of Labor Statistics originally predicted
that the U.S. economy would create approximately 22 million jobs during the
decade of the 2000s, but it turns out that the U.S. economy only produced about 7 million jobs during
that time period.
#9 Japan now manufactures about 5 million more
automobiles than the United States does.
#10 China has now become the world’s largest
exporter of high technology products.
#11 Manufacturing employment in the U.S. computer
industry is actually lower in 2010 than
it was in 1975 .
#12 The United States now has 10 percent fewer “middle class jobs” than it did
just ten years ago.
#13 According to Tax Notes,
between 1999 and 2008 employment at the foreign affiliates of U.S.
parent companies increased an astounding 30 percent to 10.1 million.
During that exact same time period, U.S. employment at American multinational
corporations declined 8 percent to 21.1 million.
#14 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs.
#15 Back in 1998, the United States had 25 percent of
the world’s high-tech export market and China had just 10 percent. Ten years
later, the United States had less than 15 percent and China’s share had soared to 20 percent .
#16 The number of Americans that have become so
discouraged that they have given up searching for work completely now
stands at an all-time high .
#17 Half of all American workers now earn $505 or less per week.
#18 The United States has lost a staggering 32 percent
of its manufacturing jobs since the year 2000.
#19 Since 2001, over 42,000 U.S. factories have closed
down for good.
#20 In 2008, 1.2 billion cellphones were sold
worldwide. So how many of them were manufactured inside the United
States? Zero .
#21 Ten years ago, the “employment rate” in the United
States was about 64% . Since then it
has been constantly declining and now the “employment rate” in the United
States is only about 58% . So where
did all of those jobs go?
The world is
changing.
We are
bleeding national wealth at a pace that is almost unimaginable.
We are
literally being drained dry.
Did you
know that
China now has the world’s fastest train and the world’s largest high-speed
rail network?
They were able
to afford those things with all of the money that we have been sending them.
How do you
think all of those oil barons in the Middle East became so wealthy and could
build such opulent palaces?
They got rich
off of all the money that we have been sending them.
Meanwhile,
once great U.S. cities such as Detroit, Michigan now look like war zones.
Back in 1985,
the U.S. trade deficit with China was about 6 million dollars for the entire
year.
As mentioned
above, the U.S. trade deficit with China for 2010 was over 273billion
What a difference
25 years can make, eh?
What do you
find when you go into a Wal-Mart, a Target or a dollar store today?
You find row
after row after row of stuff made in China and in other far away countries.
It can be more
than a bit difficult to find things that are actually made inside the United
States anymore. In fact, there are quite a few industries that have
completely and totally left the United States. For certain product
categories it is now literally impossible to buy something made in America.
So what are we
going to do with our tens of millions of blue collar workers?
Should we just
tell them that their jobs are not ever coming back so they better learn phrases
such as “Welcome to Wal-Mart” and “Would you like fries with that”?
For quite a
few years, the gigantic debt bubble that we were living in kind of insulated us
from feeling the effects of the deindustrialization of America.
But now the
pain is starting to kick in.
It has now
become soul-crushingly
difficult to find a job in America today.
According
to Gallup , the U.S. unemployment rate is currently 10.1% and when you throw
in “underemployed” workers that figure rises to 19.6%.
Competition
for jobs has become incredibly fierce and it is going to stay that way.
The great U.S.
economic machine is being ripped apart and dismantled right in full view of us
all.
This is not a
“conservative” issue or a “liberal” issue. This is an American issue.
The United
States is rapidly being turned into a “post-industrial” wasteland.
It is time to
wake up America.’
This is
that unmentionable reality as I alluded to earlier on close scrutiny of the
data, ‘that stock prices have been manipulated to the upside beyond any and all
rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m not
kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why
the same is considered a contrary market indicator, particularly in these
manipulated, contrived markets). When I did my MBA thesis (1977, NYU, GBA,
Eve.Prog., Finance), a review of the data revealed even then (and much more so
now with computer programmed market manipulation) that the market remained
biased / propped up (artificially, especially now with computerized
manipulation) to the upside for far longer periods of time than for the
downside which meant that dollar-cost averaging (through regular, periodic
investment, for example), meant you were accumulating shares at higher prices
generally for longer periods of time skewing the average cost to the upside
(dollar-cost-averaging in declining markets was ok if analysis / forecast saw
resurgence based on fundamentals - now absent – which is timing, as even senile
wall street / gov’t shill Buffet would attest, that ‘greedy when others are
fearful thing’). Abbott discusses perception which is the psychological factor
involved in security evaluation / analysis; but investors need not and should
become nuts themselves, particularly when as now, the inmates are running the
asylum. ] Abbott ‘Perception
determines short-term market movements. The difference between perception and
reality determines the direction of major market trends. Though I generally try
to avoid making macro prognostications, I believe bottom-up analysis can be
informative about the current level of stock prices. I want to share what my
recent work tells me about where stocks are (and where they might be headed). I
will outline some various nuggets of collective wisdom that are taken for
granted right now by stock bulls, and I will attempt to demonstrate how reality
is likely to differ from these perceptions.
First, a
disclaimer. This is not a market timing call. At all times, I stay away from
market timing predictions. I think that's a loser's game in the long run. Even
if I'm correct about the discrepancies between the following perceptions and
realities, there's no saying when people will change their minds or shift their
focuses. That said, let's dive in.
Perception
vs. Reality #1 Perception: Low Interest Rates,
Questionable Bond Outlook Means Stocks are Attractive Reality: Interest Rates Are Being
Artificially and Deliberately Manipulated
It's no secret
that the Federal Reserve's low interest rate policy and quantitative easing efforts
have held interest rates very low for very long. However, when people talk
about stock market implications of bond yields, they rarely mention the fact
that bond yields are artificially
Perception
vs. Reality #2 Perception: Earnings Growth Has Been Strong
and Will Remain That Way Reality: Top-Line Growth Will Have to Pick
Up; Cost-Cutting has Run Its Course
Earnings growth
has certainly been robust, but much of the strength has come from companies
running lean cost structures and wringing as much efficiency as possible out of
their employees and their assets. Though the recession has ended, the economy
is not yet healthy enough to fuel strong sales growth. Companies can only boost
profits by cutting costs and increasing productivity for so long. Therefore,
top-line growth will have to play a larger role going forward than it has over
the past 4-6 quarters. Whether or not economic growth is strong enough to drive
revenue increases is unsure, but the current level of stock prices undoubtedly
assumes it is. Any stagnation of the recovery and concomitant sluggish sales
will likely hit stock prices.
Perception
vs. Reality #3 Perception: European Debt Crisis Drives
Short-Term Volatility, but It's Not a Long-Term Concern Reality: Crisis May Be a Harbinger of
What's to Come in the U.S. if States, the Feds Don't Improve Balance Sheets
So far, turmoil
in Greece and Ireland has served only as a temporary headwind to U.S. stocks.
In keeping with the investment world's increasingly short-term focus, people
seem more concerned with what fiscal crises in Europe mean for U.S. stocks over
the coming days and months than with what they might mean down the road. I
believe that this interpretation misses the mark. Since the U.S. fiscal
situtation is generally considered to be stronger than that in many European
countries, U.S. federal and municipal debt issuance has been relatively smooth,
and interest rates have only risen modestly. If the U.S. doesn't get serious
about its fiscal woes, eventually the crisis will arrive on American shores.
There's no way of telling when this might happen, but the current level of
stock prices seems to imply that it never will.
Here's the
problem with that. To fix the federal balance sheet and/or to improve state and
municipal balance sheets, legislators will have to raise taxes and/or cut
spending. Tax hikes and spending cuts both reduce consumer spending. This hurts
growth. There's no way around this. Stocks can certainly continue to rise for
some time, but austerity will be bearish if/when it comes. If it doesn't come,
we're in for a much bigger crisis some time down the road.
Perception
vs. Reality #4 Perception: Everywhere You Look, You See
Good Companies at Cheap Prices Reality: It's Hard to Find Genuine
Bargains, but There are Intriguing Short Prospects Everywhere
There is no
shortage of stock market commentators who claim that they see bargains
everywhere they look. Perhaps I'm not looking in the right places, but I've
been having a difficult and increasingly impossible time finding good companies
at reasonable prices. I use similar criteria to assess long and short
investments, and I find intriguing shorts in lots of sectors right now. This
tells me that valuations are stretched. Certainly they can become more so
before we get a selloff, but every day that stocks rally, they get more
expensive.
I've written on Seeking
Alpha about a number of stocks which I regard as expensive (CRM , OPEN , GMCR ), and take my word for it:
there are plenty more than these whose shares I do not want to own at present
levels. A few weeks ago, I also mused about the Facebook-Goldman deal and
argued that this valuation is indicative of excessive investor enthusiasm. Bargains
are hard to find, and as valuations go up, so does positive sentiment. While
this is not a prediction of an impending correction or bear market, it is a
message of caution for people who think stocks are cheap right now.
All that said, I
always try to consider both sides of any investment issue, and there are some
reasons for optimism. Job growth has shown signs of improvement, and some
economic data have been increasingly (though not uniformly) positive. The
Federal Reserve remains accommodative, and I'm skeptical about whether or not
there is political will for austerity. For these reasons, stocks could continue
onward and upward. That said, I see too many reasons for caution, and investors
are turning a blind eye to these concerns as their complacency rises.’
12
Economic Collapse Scenarios That We Could Potentially See In 2011 What
could cause an economic collapse in 2011? Well, unfortunately there are quite a
few “nightmare scenarios” that could plunge the entire globe into another
massive financial crisis. The Economic Collapse Jan
20, 2011 ‘What could cause an economic collapse in 2011? Well, unfortunately
there are quite a few “nightmare scenarios” that could plunge the entire globe
into another massive financial crisis. The United States, Japan and most
of the nations in Europe are absolutely drowning in debt. The Federal
Reserve continues to play reckless games with the U.S. dollar. The price
of oil is skyrocketing and the global price of food just hit a new record high.
Food riots are already breaking out all over the world. Meanwhile, the
rampant fraud and corruption going on in world financial markets is starting to
be exposed and the whole house of cards could come crashing down at any
time. Most Americans have no idea that a horrific economic collapse could
happen at literally any time. There is no way that all of this debt and
all of this financial corruption is sustainable. At some point we are
going to reach a moment of “total system failure”.
So will it be
soon? Let’s hope not. Let’s certainly hope that it does not happen
in 2011. Many of us need more time to prepare. Most of our families
and friends need more time to prepare. Once this thing implodes there
isn’t going to be an opportunity to have a “do over”. We simply will not
be able to put the toothpaste back into the tube again.
So we had all
better be getting prepared for hard times. The following are 12 economic
collapse scenarios that we could potentially see in 2011….
#1 U.S. debt could become a massive crisis at any
moment. China is saying all of the right things at the moment, but many
analysts are openly worried about what could happen if China suddenly
decides to start dumping all of the U.S. debt that they have
accumulated. Right now about the only thing keeping U.S. government
finances going is the ability to borrow gigantic amounts of money at extremely
low interest rates. If anything upsets that paradigm, it could potentially
have enormous consequences for the entire world financial system.
#2 Speaking of threats to the global financial system,
it turns out that “quantitative easing 2″ has had the exact opposite
effect that Ben Bernanke planned for it to have. Bernanke insisted that
the main goal of QE2 was to lower interest rates, but instead all it has done
is cause interest rates to go up substantially .
If Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt bubble that the entire global economy is
based on could burst at any time and throw the whole planet into chaos. According
to a new report from the World Economic Forum , the total amount of credit
in the world increased from $57 trillion in 2000 to $109 trillion in
2009. The WEF says that now the world is going to need another $100
trillion in credit to support projected “economic growth” over the next
decade. So is this how the new “global economy” works? We just keep
doubling the total amount of debt every decade?
#4 As the U.S. government and the Federal Reserve
continue to pump massive amounts of new dollars into the system, the floor
could fall out from underneath the U.S. dollar at any time. The truth is
that we are already starting to see inflation really accelerate and everyone
pretty much acknowledges that official U.S. governments figures for inflation
are an absolute joke. According
to one new study , the cost of college tuition has risen 286% over the last
20 years, and the cost of “hospital, nursing-home and adult-day-care services”
rose 269% during those same two decades. All of this happened during a
period of supposedly “low” inflation. So what are price increases going
to look like when we actually have “high” inflation?
#5 One of the primary drivers of global inflation
during 2011 could be the price of oil. A large number of economists are
now projecting that the price of oil could surge well
past $100 dollars a barrel in 2011. If that happens, it is going to
put significant pressure on the price of almost everything else in the entire
global economy. In fact, as
I have explained previously , the higher the price of oil goes, the faster
the U.S. economy will decline.
#6 Food inflation is already so bad in some areas of
the globe that it is setting off massive food riots
in nations such as Tunisia and Algeria. In fact, there have been reports
of people setting themselves on fire all
over the Middle East as a way to draw attention to how desperate they
are. So what is going to happen if global food prices go up another 10 or
20 percent and food riots spread literally all over the globe during 2011?
#7 There are persistent
rumors that simply will
not go away of massive physical gold and silver shortages. Demand for
precious metals has never been higher. So what is going to happen when
many investors begin to absolutely insist on physical delivery of their
precious metals? What is going to happen when the fact that far, far, far
more “paper gold” and “paper silver” has been sold than has ever actually
physically existed in the history of the planet starts to come out? What
would that do to the price of gold and silver?
#8 The U.S. housing industry could plunge the U.S.
economy into another recession at any time. The real estate market is
absolutely flooded with homes and virtually nobody is buying. This
massive oversupply of homes means that the construction of new homes has fallen
off a cliff. In 2010, only
703,000 single family, multi-family and manufactured homes were
completed. This was a new record low, and it was down 17% from the
previous all-time record which had just been set in 2009.
#9 A combination of extreme weather and disease could
make this an absolutely brutal year for U.S. farmers. This winter we have
already seen thousands of new cold weather and snowfall records set across the
United States. Now there is some very disturbing news emerging out of
Florida of an “incurable
bacteria” that is ravaging citrus crops all over Florida. Is there a
reason why so many bad things are happening all of a sudden?
#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think next to
housing this is the single most important issue in the United States and
certainly the largest threat to the U.S. economy.”
Former Los Angeles mayor Richard Riordan is convinced
that things are so bad that literally 90% of our states and cities could go
bankrupt over the next five years….
#11 Of course on top of everything else, the quadrillion
dollar derivatives bubble could burst at any time. Right now we are
watching the greatest financial
casino in the history of the globe spin around and around and around and
everyone is hoping that at some point it doesn’t stop. Today, most money
on Wall Street is not made by investing in good business ideas. Rather,
most money on Wall Street is now made by making the best bets.
Unfortunately, at some point the casino is going to come crashing down and the
game will be over.
#12 The biggest wildcard of all is war. The Korean
peninsula came closer to war in 2010 than it had in decades. The Middle
East could literally explode at any time. We live in a world where a
single weapon can take out an entire city in an instant. All it would
take is a mid-size war or a couple of weapons of mass destruction to throw the
entire global economy into absolute turmoil.
Once again,
let us hope that none of these economic collapse scenarios happens in 2011.
However, we
have got to realize that we can’t keep dodging these bullets forever.
As bad as 2010
was, the truth is that it went about as good as any of us could have
hoped. Things are still pretty stable and times are still pretty good
right now.
But instead of
using these times to “party”, we should be using them to prepare.
A really,
really vicious economic storm is coming and it is going to be a complete and
total nightmare. Get ready, hold on tight, and say your prayers.’
Poor
Recovery: The Problem Is Institutional [ Well it’s true that the problem is
institutional as in pervasively corrupt, incompetent, nonproductive in real
terms relative to their cost / damage (still no pros on the wall street fraud
which is ongoing in terms of the last crisis, the worthless paper marked to
anything, and the current bubble fraud that’s high-frequency computerized
churn-and-earn high-frequency commissioned / sold into, 360 tons of $100 bills
disappear in Iraq, etc.. What do they get paid for?) ( Peter
Schiff: Washington a parasite to economy ‘US
foreclosures hit record highs in 2010, but that may not be the worst of it.
2011 may be even worse. Meanwhile, JP Morgan Chase exceeded market
expectations, announcing a 47% rise in quarterly profits and released details
on a $28.1 billion pay and bonus pool. Peter Schiff, the President of Euro
Pacific Capital said Washington and Wall Street are becoming one force and are
sucking the underlying American dry like a parasite’ .); but the problem
is structural, as in transfer of jobs, industries, etc. (among the sources of
the huge over-compensation to wall street, company executives), never to return
in any meaningful sense; and as in the defacto bankruptcy of the nation with
insurmountable record debt / deficits or stated another way, broke. Unlike in
the past, once beyond the propaganda, rhetoric, and smoke and mirrors /
obfuscation, there is no prospective way for america to grow its way out, nor
are there funds in real money with which to do it. Quite simply, america’s
broke / bankrupt in every which way. ]
Loundsbury ‘Harold Meyerson, Op Ed Columnist at The Washington Post GEI In a column
last week, Myerson points out that the devastation of The Great Recession has
fallen disproportionately on the blue collar population, those without a
college degree. And he traces the rolling over of median family income in this
century, not just in the downturn, but since the turn of the century. Even at
the peak, in 2007, median family income was less than in 2000.
What Meyerson
doesn't point out is that average incomes have faired better in the 21st
century and in all of the past 50 years. In fact, average family income has
risen more than 2.5 times as much and median income over the last 30 years. Why
is this important? Because the more there is a fat tail of ever higher incomes
for a few, the greater the difference between average and median income
becomes.
Myerson says:
The great
sociologist William Julius Wilson
has long argued that the key to the unraveling of the lives of the African
American poor was the decline in the number of "marriageable males"
as work disappeared from the inner city. Much the same could now be said of
working-class whites in neighborhoods that may not look like the ghettos of
Cleveland or Detroit but in which productive economic activity is increasingly
hard to find.
This grim new
reality has yet to inform our debate over how to come back from this
mega-recession. Those who believe our downturn is cyclical argue that
job-creating public spending can restore us to prosperity, while those who
believe it's structural - that we have too many carpenters, say, and not enough
nurses - believe that we should leave things be while American workers acquire
new skills and enter different lines of work. But there's a third way to look
at the recession: that it's institutional, that it's the consequence of the
decisions by leading banks and corporations to stop investing in the
job-creating enterprises that were the key to broadly shared prosperity.
Since Meyerson has chosen income disparity as a
cornerstone of his argument, let's look at how incomes have grown over the last
50 years. These are shown in the following graph, not adjusted for inflation.
click to enlarge images [chart]
Real median income and average income seem to grow
similarly in the 1950s and 1960s, the growth of average income starts to pull
away in the mid-1960s and appears to continue to gain gound for the the next
40+ years. The more average income deviates from median income the more money
is found in the high income tail on the distribution curve. This is often
called a "fat tail", which is very appropriate in this discussion
because that is where the fat cats are. The fat tail has not gotten so because ten
times as many people equaled the incomes of the former fat cats, but more
because a few fat cats have received 10 times the income. This is exemplified
by the often quoted statistic that average CEO salaries were 40x average worker
pay 50 years ago and today are more like 400x.
The change income distribution that seems to be
appearing in the above graph becomes more apparent in the following graph where
real income gains are shown for the last six decades starting with the ten
years from 1949 - 1959 (the 1950s) and ending with 1999 - 2009 (the 2000s). [chart]
The 1950s and 60s were real boom years. Starting with
the 1970s a lower level of income growth was established, but even that lower
level could not be maintained in the 2000s.
After the 1950s every decade has seen average real
income grow more than the median. The fat tail has gotten fatter over the past
half century in every decade, without exception. Yes the average did decline in
the 2000s, but the median declined 76% more!
The most dramatic pattern of change is evident when
the data is divided into two halves: 1949 to 1979 and 1979 - 2009. This is done
in the following graph: [chart]
For thirty years after World War II the wealth of the
country increased in a balanced manner. The average income containing the
greater contribution from the top earners of the day, grew at a rate very
similar to the income growth of the broader population, represented by the
median.
Yes there were "fat cats" and they had
significantly larger incomes than the bulk of the population. And these top
incomes grew over those three decades, but at almost the same rate as the
majority of the populace.
Then something happened. From 1979-2009 it appears
that the American pie suddenly got smaller. In the later three decades the real
median income growth was less than 10% of the rate seen from 1949 to 1979. And
as the pie got smaller, the fat cats took a much larger share. The average
income grew at a rate 254% that of the median income. You might say that, as
the cow gave less milk, the top of the economic ladder skimmed more and more
cream off the top.
Meyerson identifies the force majuere
Our
multinational companies still invest, of course - just not at home. A study by
the Business Roundtable and the U.S. Council Foundation found that the share of the profits of U.S.-based
multinationals that came from their foreign affiliates had increased from 17
percent in 1977 and 27 percent in 1994 to 48.6 percent in 2006. As the companies'
revenue from abroad has increased, their dependence on American consumers has
diminished. The equilibrium among production, wages and purchasing power - the
equilibrium that Henry Ford famously recognized when he upped his workers' pay
to an unheard-of $5 a day in 1913 so they could afford to buy the cars they
made, the equilibrium that became the model for 20th-century American
capitalism - has been shattered. Making and selling their goods abroad, U.S.
multinationals can slash their workforces and reduce their wages at home while
retaining their revenue and increasing their profits. And that's exactly what
they've done.
Meyerson doesn't get into some of the other areas
that might be brought to bear on the current condition of the American economy:
He doesn't address the fact that the U.S. ranks
below some third world countries in education. He doesn't discuss the increasing burden of
health care, both because costs have been running out of control and
because an ever increasing portion of the population is kept from making
the contribution they might have otherwise because of poor health. He doesn't discuss the capture of much potential
domestic capital by financial engineers who find it much easier to get
rich in a rigged casino than to make money the old fashioned way.
Part of the problem is that Americans have fallen
into the way of the easiest path, where, either by credit card or by making
quick trades, the desires of the moment are satisfied with no seemingly current
cost.
It seems that few want to think about the needs of
tomorrow. This is true starting with the masses who kiss off the idea of
working hard in school to prepare for what they will need 20 years down the
road. This is also true of the "capitalist" who finds that skimming a
few percent off each of many deals a year to get quick, large quarterly returns
is much easier than investing and building something that will will make much
larger returns extending over decades and producing things of real economic
utility.
There are a number of things that Meyerson does not
address, but if you want to hit one nail at a time, I think he has picked the
baddest nail in the plank. He finishes his column thusly:
Our economic
woes, then, are not simply cyclical or structural. They are also - chiefly - institutional,
the consequence of U.S. corporate behavior that has plunged us into a downward
cycle of underinvestment, underemployment and under-consumption. Our solutions
must be similarly institutional, requiring, for starters, the seating of public
and worker representatives on corporate boards. Short of that, there will be no
real prospects for reversing America's downward mobility.
If we were to address all the other issues I
mentioned previously and did not address the institutional problem Meterson has
identified, we would not ultimately solve our economic puzzle.’
20
Shocking New Economic Records That Were Set In 2010 2010 was quite a year,
wasn’t it? 2010 will be remembered for a lot of things, but for those living in
the United States, one of the main things that last year will be remembered for
is economic decline…The Economic
Collapse Jan 14, 2011 ‘2010 was
quite a year, wasn’t it? 2010 will be remembered for a lot of things, but
for those living in the United States, one of the main things that last year
will be remembered for is economic decline. The number of foreclosure
filings set a new record, the number of home repossessions set a new record,
the number of bankruptcies went up again, the number of Americans that became
so discouraged that they simply quit looking for work reached a new all-time
high and the number of Americans on food stamps kept setting a brand new record
every single month. Meanwhile, U.S. government debt reached record highs,
state government debt reached record highs and local government debt reached
record highs. What a mess! In fact, even many of the “good”
economic records that were set during 2010 were indications of underlying
economic weakness. For example, the price of gold set an all-time record
during 2010, but one of the primary reasons for the increase in the price of
gold was that the U.S. dollar was rapidly losing value. Most Americans
had been hoping that 2010 would be the beginning of better times, but
unfortunately economic conditions just kept getting worse.
So will things
improve in 2011? That would be nice, but at this point there are not a
whole lot of reasons to be optimistic about the economy. The truth is
that we are trapped in a period of long-term economic decline and we are now
paying the price for decades of horrible decisions.
Amazingly,
many of our politicians and many in the mainstream media have declared that
“the recession is over” and that the U.S. economy is steadily improving now.
Well, if
anyone tries to tell you that the economy got better in 2010, just show them
the statistics below. That should shut them up for a while.
The following
are 20 new economic records that were set during 2010….
#1 An all-time record of 2.87
million U.S. households received a foreclosure filing in 2010.
#2 The number of homes that were actually repossessed reached
the 1 million mark for the first time ever during 2010.
#3 The price of gold moved above $1400 an ounce for the
first time ever during 2010.
#4 According to the American Bankruptcy Institute,
approximately 1.53
million consumer bankruptcy petitions were filed in 2010, which was up 9
percent from 1.41 million in 2009. This was the highest number of
personal bankruptcies we have seen since the U.S. Congress substantially
tightened U.S. bankruptcy law several years ago.
#5 At one point during 2010, the average time needed to
find a job in the United States had risen to an all-time record of 35.2 weeks .
#6 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs, which is believed to be a new record low.
#7 The number of Americans working part-time jobs “for
economic reasons” was the highest it has been in at least five decades
during 2010.
#8 The number of American workers that are so
discouraged that they have given up searching for work reached an all-time high near the end of 2010.
#9 Government spending continues to set new all-time
records. In fact, at the moment the U.S. government is spending
approximately 6.85 million
dollars every single minute.
#10 The number of Americans on food stamps surpassed
43 million by the end of 2010. This was a new all-time record, and
government officials fully expect the number of Americans enrolled in the
program to continue to increase throughout 2011.
#11 The number of Americans on Medicaid surpassed 50 million
for the first time ever in 2010.
#12 The U.S. Census Bureau originally announced that
43.6 million Americans are now living in poverty and according to them that was
the highest number of Americans living in poverty that they had ever
recorded in 51 years of
record-keeping . But now the Census Bureau says that they
miscalculated and that the real number of poor Americans is actually 47.8 million .
#13 According to the FDIC, 157
banks failed during 2010. That was the highest number of bank
failures that the United States has experienced in any single year during the
past decade.
#14 The Federal Reserve brought in a record $80.9 billion in profits during
2010. They returned $78.4 billion of that to the U.S. Treasury, but the
real story is that thanks to the Federal Reserve’s continual debasement of our
currency, the U.S. dollar was
worth less in 2010 than it ever had been before.
#15 It is projected that the major financial firms on
Wall Street will pay out an all-time record of $144 billion in compensation for
2010.
#16 Americans now owe more than $881 billion on student loans,
which is a new all-time record.
#17 In July, sales of new homes in the United
States declined to the lowest level
ever recorded .
#18 According to Zillow, U.S. housing prices have now
declined a
whopping 26 percent since their peak in June 2006. Amazingly, this is
even farther than house prices fell during the Great Depression. From
1928 to 1933, U.S. housing prices only fell 25.9 percent.
#19 State and local government debt reached at an
all-time record of 22 percent of U.S. GDP during 2010.
#20 The U.S. national debt has surpassed the 14 trillion
dollar mark for the first time ever and it is being projected that it will
soar well past 15 trillion during 2011.
There are some
people that have a hard time really grasping what statistics actually
mean. For people like that, often pictures and charts are much more
effective. Well, that is one reason I like to include pictures and graphs
in many of my articles, and below I have posted my favorite chart from this
past year. It shows the growth of the U.S. national debt from 1940 until
today. I honestly don’t know how anyone can look at this chart and still
be convinced that our nation is not headed for a complete financial meltdown….[chart]
14 Eye Opening Statistics Which Reveal Just How
Dramatically The U.S. Economy Has Collapsed Since 2007 The
Economic Collapse Jan 10, 2011
Sadly,
our economic situation is continually getting worse. Every month the
United States loses more factories. Every month the United States loses
more jobs. Every month the collective wealth of U.S. citizens continues
to decline. Every month the federal government goes into even more
debt. Every month state and local governments go into even more debt.
Unfortunately,
things are going to get even worse in the years ahead. Right now we look
back on 2005, 2006 and 2007 as “good times”, but in a few years we will look
back on 2010 and 2011 as “good times”.
We
are in the midst of a long-term economic decline, and the very bad economic
choices that we have been making as a nation for decades are now starting to
really catch up with us.
So
as horrible as you may think that things are now, just keep in mind that things
are going to continue to deteriorate in the years ahead.
But
for the moment, let us remember how far we have fallen over the past few
years. The following are 14 eye opening statistics which reveal just how
dramatically the U.S. economy has collapsed since 2007….
#1
In November 2007, the official U.S. unemployment rate was just 4.7
percent. Today, the official U.S. unemployment rate is 9.4 percent
#2
In November 2007, 18.8% of unemployed Americans had been out of work for 27
weeks or longer. Today that percentage is up to 41.9%
#3
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans
#4
Nearly 10 million Americans now receive unemployment insurance, whichis
almost four times
#5
More than half of the U.S. labor force (55 percent
#6
According to one analysis, the United States has lost a total of approximately
10.5 million jobs
#7
As 2007 began, only 26 million Americans were on food stamps. Today, an
all-time record of 43.2 million Americans
#8
In 2007, the U.S. government held a total of $725 billion in mortgage
debt. As of the middle of 2010, the U.S. government held a total of $5.148 trillion
#9
In the year prior to the “official” beginning of the most recent recession in
2007, the IRS filed just 684,000 tax liens against U.S. taxpayers. During
2010, the IRS filed over a million tax liens
#10
From the year 2000 through the year 2007, there were 27 bank failures in the
United States. From 2008 through 2010, there were 314 bank failures
#11
According to the U.S. Department of Housing and Urban Development, the number
of U.S. families with children living in homeless sheltersincreased from 131,000 to 170,000
#12
In 2007, one poll found that 43 percent of Americans were living “paycheck to
paycheck”. Sadly, according to a survey released very close to the end of
2010, approximately 55 percent
#13
In 2007, the “official” federal budget deficit was just 161 billion
dollars. In 2010, the “official” federal budget deficit was approximately 1.3 trillion dollars
#14
As 2007 began, the U.S. national debt was just under 8.7 trillion
dollars. Today, the U.S. national debt has just surpassed 14 trillion dollars
So
is there any hope that we can turn all of this around?
Unfortunately,
the massive amount of debt that we have piled up as a society over the last
several decades has made that impossible.
If
you add up all forms of debt (government debt, business debt, individual debt),
it comes to approximately 360 percent of GDP. It is the biggest debt
bubble in the history of the world.
If
the federal government and our state governments stop borrowing and spending so
much money, our economy would collapse. But if they keep borrowing and
spending so much money they will continually make the eventual economic
collapse even worse
We
are in the terminal stages of the most horrific debt spiral the world has ever
seen, and when the debt spiral gets stopped the house of cards is going to
finally come down for good.
So
enjoy these times while you still have them. Yes, today is not nearly as
prosperous as 2007 was, but today is most definitely a whole lot better than
2015 or 2020 is going to be.
Sadly,
we could have avoided this financial disaster completely if only we had
listened more carefully to those that founded this nation. Once upon a
time, Thomas Jefferson said
the following
I
wish it were possible to obtain a single amendment to our Constitution. I would
be willing to depend on that alone for the reduction of the administration of
our government to the genuine principles of its Constitution; I mean an
additional article, taking from the federal government the power of borrowing.’
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy.The Economic Collapse
The financial
collapse that so many of us have been anticipating is seemingly closer then
ever. Over the past several weeks, there have been a host of ominous
signs for the U.S. economy. Yields on U.S. Treasuries have moved up
rapidly and Moody’s is publicly warning that it may have to cut the rating on
U.S. government debt soon. Mortgage rates are also moving up
aggressively. The euro and the U.S. dollar both look incredibly
shaky. Jobs continue to be shipped out of the United States at a
blistering pace as our politicians stand by and do nothing. Confidence in
U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial
system. So does this mean that we have almost reached a tipping point?
Is the world on the verge of a major financial collapse?
Let’s hope
not, but with each passing week the financial news just seems to get eve
worse. Not only is U.S. government debt spinning wildly toward a breaking
point, but many U.S. states (such as California) are in such horrific financial
condition that they are beginning to resemble banana republics.
But it is not
just the United States that is in trouble. Nightmarish debt problems in
Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European nations
threaten to crash the euro at any time. In fact, many economists are now
openly debating which will collapse first – the euro or the U.S. dollar.
Sadly, this is
the inevitable result of constructing a global financial system on debt.
All debt bubbles eventually collapse. Currently we are living in the
biggest debt bubble in the history of the world, and when this one bursts it is
going to be a disaster of truly historic proportions.
So will we
reach a tipping point soon? Well, the following are 25 signs that the
financial collapse is rapidly getting closer….
#1 The official U.S. unemployment rate has not been
beneath 9 percent since
April 2009 .
#2 According to the U.S. Census Bureau, there are
currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being projected that the U.S. trade deficit
with China could hit 270 billion dollars
for the entire year of 2010.
#4 Back in 2000, 7.2 percent of blue collar workers
were either unemployed or underemployed. Today that figure is up
to 19.5 percent .
#5 The Chinese government has accumulated approximately
$2.65 trillion in
total foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year 2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United
States but today there are only about 65 million middle class jobs.
#7 The United States now employs about the same number
of people in manufacturing as
it did back in 1940 . Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to CoreLogic, U.S. housing prices have now
declined for
three months in a row .
#9 The average rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to
push higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent of all residential mortgages in the
United States were in negative equity as of the end of the third quarter
of 2010.
#11 The U.S. monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury yields have been rising steadily
during the 4th quarter of 2010 and
recently hit a six-month high .
#13 Incoming governor Jerry Brown is scrambling to find
$29 billion more to cut from the California state budget. The
following quote from Brown about the desperate condition of California
state finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been
living in fantasy land. It is much worse than I thought. I’m shocked.”
#14
24.3
percent of the residents of El Centro, California are currently unemployed.
#15
The average home in Merced, California has declined in value by
63 percent over the past four years.
#16
Detroit Mayor Dave Bing has come up with a new way to save money. He
wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17
The second most dangerous city in the United States – Camden, New Jersey – is
about to lay off about
half its police in a desperate attempt to save money.
#18
In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19
Back in 1998, the United States had 25 percent of the world’s high-tech export
market and China had just 10 percent. Ten years later, the United States had
less than 15 percent and China’s share had soared to 20 percent .
#20
The U.S. government budget deficit increased to a whopping $150.4 billion last
month, which represented the biggest November budget deficit on record .
#21
The U.S. government is somehow going to have to roll over existing debt and
finance new debt that
is equivalent to 27.8 percent of GDP in 2011.
#22
The United States had been the leading consumer of energy on the globe for
about 100 years, but this past summer China took over the number one spot .
#23
According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the
profession over the next three years.
#24
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25
All over the United States, local governments have begun instituting “police
response fees”. For example, New York Mayor Michael Bloomberg has come up
with a plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
16
Nightmarish Economic Trends To Watch Carefully In 2011 The
American Dream Dec 15, 2010 ‘If you only watch the “economic pundits” on
television, it can be very confusing to figure out exactly what is happening
with the U.S. economy. One pundit will pull out a couple statistics that
got a little bit better over the past month and claim that we have entered a
time of solid recovery. Another pundit will pull out a couple statistics
that got a little worse over the past month and claim that we are headed for trouble.
So what is the truth? Well, if you really want to get a clear idea of
what is really going on you have to look at the long-term trends. There
are some economic trends which just keep getting worse year after year after
year, and it is those trends that tell the real story of the decline of our
economic system.As you examine
the long-term trends, you quickly come to realize that the U.S. is trapped in
an endless spiral of debt, the middle class is being wiped out, the U.S. dollar
is being destroyed and America is rapidly becoming a post-industrial wasteland.
Posted below
are 16 nightmarish economic trends to watch carefully in 2011. It is
becoming exceedingly apparent that unless something is done rapidly we are
heading for an economic collapse of unprecedented magnitude….
#1 Do you want to see something scary? Just check
out the chart below. Since the beginning of the economic downturn, the
U.S. monetary base has more than doubled. But don’t worry – Federal
Reserve Chairman Ben Bernanke has promised us that this could never cause
inflation. In fact, Bernanke says that we need to inject even more
dollars into the economy. So if you are alarmed by the chart below, you
are just being irrational according to Bernanke….
[chart]
#2 Thousands of our factories, millions of our jobs and
hundreds of billions of dollars of our national wealth continue to be shipped
overseas. In 1985, the U.S. trade deficit with China was 6 million dollars
for the entire year was over 28 billion . Nobel economist Robert W.
Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the
year 2040 if current trends continue.
#3 The United States is rapidly becoming a
post-industrial wasteland. Back in 1959, manufacturing represented 28
percent of all U.S. economic output. In 2008, it represented only
11.5 percent and it continues to fall. Sadly, the truth is that America
is being deindustrialized. As of the end of 2009, less
than 12 million Americans worked in manufacturing. The last time that
less than 12 million Americans were employed in manufacturing was in 1941.
#4 The number of Americans that have been out of work
for an extended period of time has absolutely exploded over the last few
years. As 2007 began, there were just over 1 million Americans that had
been unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#5 The middle class continues to be squeezed out of
existence. According to a poll
taken in 2009 , 61 percent of Americans ”always or usually” live
paycheck to paycheck. That was up substantially from 49 percent
in 2008 and 43 percent in 2007.
#6 The number of Americans living in poverty is
absolutely skyrocketing. 42.9 million Americans are now on food
stamps, and one out of every six Americans is now enrolled
in at least one anti-poverty program run by the federal government.
Unfortunately, many of those that have been hardest hit by this economic
downturn have been children. According to one new study,
approximately 21 percent of all children in the United States are
living below the poverty line in 2010 - the highest rate in 20 years.
#7 Many American families have been pushed beyond the
breaking point during this economic downturn. Over 1.4 million Americans
filed for personal bankruptcy in 2009, which represented a
32 percent increase over 2008 . The final number for 2010 is expected
to be even higher.
#8 The U.S. real estate market continues to
stagnate. During
the third quarter of 2010 , 67 percent of mortgages in Nevada were
“underwater”, 49 percent of mortgages in Arizona were “underwater” and 46
percent of mortgages in Florida were “underwater”. So what happens if
home prices go down even more?
#9 More elderly Americans than ever are being forced to
put off retirement and continue working. In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent.
Unfortunately, it looks like this problem will only get worse in the years
ahead. In America today, approximately half of all workers have
less than $2000 saved up for retirement.
#10 In the United States today, there are simply far too
many retirees and not nearly enough workers to support them. Back in 1950
each retiree’s Social Security benefit was paid for by 16
workers. Today, each retiree’s Social Security benefit is paid for
by approximately 3.3 workers. By 2025 it is projected that
there will be approximately two workers for each retiree.
#11 Financial assets continue to become concentrated in
fewer and fewer hands. For example, the “big four” U.S.
banks (Citigroup, JPMorgan Chase, Bank of America and Wells
Fargo) had approximately 22 percent of all deposits in FDIC-insured
institutions back in 2000. As of the middle of 2009 that figure was up to 39 percent .
#12 The Federal Reserve has been destroying the value of
the U.S. dollar for decades. Since the Federal Reserve was created in
1913, the U.S. dollar has lost over 95 percent of its purchasing power.
An item that cost $20.00 in 1970 would cost you $112.35 today. An item
that cost $20.00 in 1913 would cost you $440.33 today.
#13 Commodity prices continue to soar into the
stratosphere. Ten years ago, the price of a barrel of oil hovered around 20 to 30
dollars most of the time. Today, the price of oil is rapidly closing
in on 100 dollars a barrel and there are now fears that it could soon go much
higher than that.
#14 Federal government spending is completely and
totally out of control. The U.S. government budget deficit increased to a
whopping $150.4 billion last month, which represented the biggest November deficit on record . But our
politicians can’t seem to break their addiction to debt. In fact, Democrats
are trying to ram through a
1,924 page, 1.1 trillion dollar spending bill in the final days of the
lame-duck session of Congress before the Republicans take control of the House
of Representatives next year.
#15 The U.S. national debt is rapidly closing in on 14 trillion dollars . It is more
than 13 times larger than it was just 30 short years ago. According to an
official U.S. Treasury Department report to Congress, the U.S. national
debt is projected to climb
to an estimated $19.6 trillion by 2015 .
#16 Unfortunately, the official government numbers
grossly understate the horrific nature of the crisis we are facing. John
Williams of Shadow Government Statistics has calculated that if the federal
government would have used GAAP accounting standards to measure the federal budget
deficit for 2009, it would have been approximately 8.8
trillion dollars . Not only that, but John Williams now says that U.S.
government debt is
so wildly out of control that it is mathematically impossible for us to
“grow” our way out of it….
The
government’s finances not only are out of control, but the actual deficit is
not containable. Put into perspective, if the government were to raise
taxes so as to seize 100% of all wages, salaries and corporate profits, it
still would be showing an annual deficit using GAAP accounting on a consistent
basis. In like manner, given current revenues, if it stopped spending every
penny (including defense and homeland security) other than for Social Security
and Medicare obligations, the government still would be showing an annual
deficit. Further, the U.S. has no potential way to grow out of this
shortfall.
The more one examines the U.S. economic situation,
the more depressing it becomes. The U.S. financial system is trapped
inside a horrific debt spiral and we are headed straight for economic
oblivion.
If our leaders attempt to interrupt the debt spiral
it will plunge our economy into a depression. If our leaders attempt to
keep the debt spiral going for several more years it will just make the
eventual crash even worse. Either way, we are headed for a financial
implosion that will be truly historic.
The debt-fueled good times that we have been enjoying
for the last several decades are rapidly coming to an end. Unfortunately
for the tens of millions of Americans that are already suffering, our economic
problems are only going to get worse in the years ahead.’
Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? Economic
Collapse Blog Dec 4, 2010 ‘Guess what? Unemployment is up
again! That’s right – even though Wall Street is swimming in cash and the
Obama administration is declaring that “the recession is over”, the U.S.
unemployment rate has gone even higher ... Times are really, really tough and
unfortunately the long-term outlook is very bleak. We should have
compassion on those who are out of work right now, because soon many of us may
join them.The following
are 25 unemployment statistics that are almost too depressing to read….
#1 According to the Bureau of Labor Statistics, the
U.S. unemployment rate for November was 9.8
percent . This was up from 9.6 percent in October, and it continues a
trend of depressingly high unemployment rates. The official unemployment
number has been at 9.5 percent or higher for well over a year at this point.
#2 In November 2006, the “official” U.S. unemployment
rate was just 4.5
percent .
#3 Most economists had been expecting the U.S. economy
to add about 150,000 jobs in November. Instead, it
only added 39,000 .
#4 In the United States today, there are over 15
million people who are “officially” considered to be unemployed for
statistical purposes. But everyone knows that the “real” number is even
much larger than that.
#5 As 2007 began, there were just over 1 million
Americans that had been unemployed for half a year or longer. Today,
there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of “persons not in the labor force” in
the United States recently
set another new all-time record .
#7 It now takes the average unemployed American over
33 weeks to find a job.
#8 When you throw in “discouraged workers” and
“underemployed workers”, the “real” unemployment rate in the state of
California is
actually about 22 percent .
#9 In America today there are not nearly enough jobs
for everyone. In fact, there are now approximately
5 unemployed Americans for every single job opening.
#10 According
to The New York Times , Americans that have been unemployed for five weeks
or less are three times more likely to find a new job in the coming month than
Americans that have been unemployed for over a year.
#11 The U.S. economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession levels
by 2016. Does anyone think that there is even a prayer that is going to
happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total wages, median wages, and average
wages all
declined in the United States.
#14 As of the end of 2009, less than 12 million
Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959, manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5
percent.
#18 Earlier this year, one poll found that 28% of all American households had at least one member that
was looking for a full-time job.
#19 In the United States today, over
18,000 parking lot attendants have college degrees.
#20 The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the employment situation continues to stagnate,
millions of American families have decided to cut back on things such as
insurance coverage. For example, the percentage of American households that
have life insurance coverage is at its lowest level in
50 years .
#22 Unless Congress acts, and there is no indication
that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that was released by the Pew Research Center
back in June discovered that an
astounding 55 percent of the U.S. labor force has
experienced either unemployment, a pay decrease, a reduction in hours
or an involuntary move to part-time work since the economic downturn
began.
#24 According to Richard McCormack, the United States
has lost over
42,000 factories (and counting) since 2001.
#25 In the United States today, 317,000
waiters and waitresses have college degrees.
But this is
what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging
a deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt . We were fools if we ever thought this could go on forever.
Just think about it. Have you ever gone out and run up a bunch of
debt? It can be a lot of fun sitting behind the wheel of a new car,
running your credit cards up to the limit and buying a beautiful big house that
you cannot afford. But in the end what happens? It always catches up with you.
Well, our collective debt is starting to catch up with us. There is a sea
of red ink on every level of American society. It is only a matter of time
before it destroys our economy. IF YOU THINK THAT
THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT
WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE
VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron Task is the host of
Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
17 Things Worrying
Investors Lloyd's Wall of Worry stock exchange Million Dollar
LiveLeak.com - Loonie closes above U.S. dollar … dollar for first time closes below parity on Canadian
loonie … hey, hey, hey … 'Huge' stock decline — but not yet MarketWatch
- Brimelow ‘Oh come on! Manipulated dollar decline with inflated
earnings, stock prices thereby, etc., … we’ve seen this all before … the last
few crashes … Jobless
rate jumps to 9.8% as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s
been thrown under the bus for the greater good (wealth) of the very few (frauds
on wall street, etc.); wall street giving out record bonuses from
their accomplished fraud (with no-recession b.s. bernanke help) of $144
BILLION: Come on! This is gettin’ even more downright ridiculous (if that’s
even possible)! Pending home foreclosure / distress sales up, oil prices (and
oil stocks) up, debased dollar down, plus a little familiar ‘better than
expected’ thrown in along with prospects of a ‘no-recession bernanke’
market-frothing bull session on 60 minutes and, voila, suckers’ rally into the
close to keep the suckers suckered! What’s good for the frauds on wall street
is bad for just about everyone else which includes the vast majority of people
and businesses, domestically and globally, as current dollar manipulation /
debasement ultimately results in higher costs and loss of purchasing power
(ie., oil, etc.). Clearly, this is one of those fraudulent wealth transfers to
the frauds on wall street et als which will ultimately be paid for by those who
least are in a position to afford it, courtesy of the ever more worthless
Weimar dollar, etc., inflating earnings, eps, lowering p/e multiples, etc., see
infra. This is an especially great time to sell / take profits while you can
since there's much worse to come! Previous: Rosy numbers on consumer sentiment,
unemployment (far better than private forecasts) from the government prior to
the holiday so-called ‘shop till you drop’? How can anyone believe anything
they say? Najerian interviewed by Motek chimes in with the reason for good
retail cheer; viz., people have stopped paying their mortgages and are using
the funds to purchase retail goods; while Davidowitz adds that with record
numbers of americans on food stamps, real unemployment at 17+, and wall street
giving out record bonuses from their accomplished fraud (with no-recession b.s.
bernanke help) of $144 BILLION … the
high end stores / jewelers will do well … daaaaah! And, with insiders and wall street frauds selling into the bubble as
preceded last crash, this is an especially great opportunity to sell / take
profits! Suckers’ rally on light volume,
full moon, and government complicity (false data / reports) to keep suckers
suckered (easy for the wall street frauds to do with just a mouse click / push
of the button – and, they know all those technical trade lines that are easy to
program in this current phase of the scam/fraud with the debased dollar). Keep
in mind, the totally mindless blather from the ‘cottage industries’ of and
fraudulent wall street itself in talking up lower P/E multiples when the same
is a direct result of the debasement of the dollar and the consequent
manipulation / translation (not real, see Davis, infra) which preceded the financial
crisis / last crash. Unemployment, trade, deficit, etc., numbers continue
decidedly worse than expected along with other negative data (and in the ‘wrong
direction’, that spin accorded ‘down but not as bad as before’ b*** s*** ) yet
the market has rallied like no tomorrow with used home foreclosure / distressed
sales, though abated owing to ‘foreclosuregate’, the other ‘heralded’ good
news. Moreover, the dumbo lemmings of
Europe have jumped on the fraudulent defacto bankrupt american crazy train
propelled to the precipice also as if no tomorrow. This is about keeping the
suckers sucked in with the help of a market-frothing pre-election debased
dollar for favorable currency translation and paper (but not real when measured
in, ie., gold, etc.) profits which preceded the last crisis, inflating a bubble
as in the last crisis to facilitate the churn-and-earn, particularly with
computerized (and high frequency) trades and which commissions they’ll get
again on the way down. There is nothing to support these overbought stock
prices, fundamentally or otherwise. These are desperate criminals ‘at work’.
Even wall street shill, the senile Buffett is saying we’re still in a recession
(depression) [ Davis: ‘… all
profits are inflated by 10% (from falling, debased dollar) and that 10% is the
E that gets divided from the P and gives us a much better price/multiple to
hang our hats on and that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall
street b.s. when measured in gold This is a great
opportunity to sell / take profits (these lower dollar, hyperinflationary
currency manipulations / translations to froth paper stocks will end quite
badly as in last crash)! This
is a global depression. This is a secular bear market in a global depression.
The past up moves were manipulated bull (s***) cycles (at best) in a secular
bear market. This has been a typically manipulated bubble as has preceded the
prior crashes with great regularity that the wall street frauds and insiders
commission and sell into. This is a typical wall street ‘programmed
computerized high-frequency churn and earn pass the hot potato scam / fraud as
in prior crashes ( widely reported )’. This national decline, economic and
otherwise, will not end until justice is served and the wall street frauds et
als are criminally prosecuted, jailed, fined, and disgorgement imposed.The Stock Market's
Long Decline Has Begun Smith
National / World
Bush
nixes Denver visit, citing invite to Assange [ The best thing that’s happened
to Denver for quite some time; after all, it’s doubtful that war criminals have
suddenly become fashionable, particularly dumb, burnt out morons as dumbya
bush. ](AP)
Sheen On
Obama: “A Coward In a Cheap Suit” [
I think Sheen to be too gentle in his criticism of wobama. Wobama’s far worse
than just a ‘coward in a cheap suit’. Indeed, Wobama’s a total fraud having
been elected under false pretenses; viz., his total, unequivocal, and
unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been some
persuasive documentation questioning wobama’s citizenship / birthplace placing
his eligibility to hold the office of president in question. ] Amidst the
controversy of his wild interview on the Alex Jones Show yesterday, actor
Charlie Sheen wasted little time in confronting President Barack Obama on his
failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. I do know that these somali
pirates need killin’ and I further believe that open season on them including
using their boats in the water for target practice makes sense and certainly is
morally justified. I’m tired of hearing about those little weasels … you know,
‘the skinnies’. ]
Some now question U.S. deal that brought
Gaddafi back into diplomatic fold Arms
deals still made amid Middle East crackdowns (Washington Post) You bet your
bippy … a raison d’etre, so to speak. ]ABU DHABI, UNITED ARAB EMIRATES - As
Libya's Moammar Gaddafi ordered attacks on his own people this week, thousands
of arms sellers from the United States and other countries hawked their
aircraft, riot gear and rifles to Middle Eastern buyers at the Persian Gulf's
preeminent arms show.
Julian
Assange must be extradited to Sweden (Washington Post) [ Julian
Assange to be extradited to Sweden Infowars.com [ No surprise here. As I’ve
previously written, I’m against the censorship since one always, in the final
analysis, must discern truth from falsehood, information from disinformation,
reality from propaganda. In truth, I found it somewhat shocking and more than
surprising that of all places ‘to escape to’, Assange chose Orwellian england,
puppet to the u.s. and guarantor of servility to u.s./zionist interests, such
is their own desperate circumstances. What was he thinking? ] WikiLeaks founder Julian Assange is to be
extradited to Sweden to face allegations of rape and sexual assault. Assange
will appeal, his legal team confirmed. If this is unsuccessful, he will be
extradited to Sweden in 10 days. ]
LONDON - Britain will honor Sweden's request to extradite WikiLeaks founder
Julian Assange to face sex-crime allegations, a British judge ruled Thursday.
Oil
prices on the rise (Washington Post) [ And except when and for fraudulent /
false / manipulated data, everything else down, dirty, and dismal: AP
Business Highlights: February 24, 2011, ‘ (Washington Post) New-home
sales fell more than forecast / FHFA:
Home prices fell in fourth quarter Pro-government
forces, rebels engage in battles for territory
daffy gaddafi not ducking and having been shot. Remember: there’s no
place for reality in pervasively corrupt, defacto bankrupt america and on
fraudulent wall street particularly. STOCKS
MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO
BE FALSE TWITTER RUMOR! [ Don’t be
surprised if the frauds on wall street initiated the rumors; their fraudulent
manipulations have included far worse … put them in jail where they belong,
with fines, disgorgement! ( ‘… apparently Twitter-borne rumo r started making the rounds
that Qaddafi had been shot! There was no basis for it, but oil simply
collapsed…’ ) ] Weisenthal ,
On Thursday February 24, 2011 Thank Twitter-borne
rumors of Qaddafi's death for the fact that markets totally didn't get crushed
today…’ ] Militiamen, mercenaries hit cities near capital while protesters
seized air force base; U.S., other Western powers consider responses to
situation. Gaddafi
loyalists launch counterattacks ]
Crude prices broke through the $100-a-barrel threshold as violence in
Libya continued to shake markets.
Senate
Democrats draft cuts in domestic agency budgets (Washington Post) [ Do these ‘too little, too late’ so-called
cuts purport to make the nation ‘less bankrupt’? There’s no such thing …
absolutely preposterous! And, Kotlikoff thinks so as well, see immediately
hereafter… ] The plan will involve
accelerating some of the $33 billion in program terminations and reductions
included in Obama's proposed budget for next year.When
Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff ( Today in the
WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011 Feb.
23 (Bloomberg) -- Our country is bankrupt. It’s not bankrupt in 30 years or
five years. It’s bankrupt today.
Want proof? Look at President Barack Obama’s 2010
budget. It showed a massive fiscal gap over the next 75 years, the closure of
which requires immediate tax increases, spending cuts, or some combination
totaling 8 percent of gross domestic product. To put 8 percent of GDP in
perspective, this year’s employee and employer payroll taxes for Social
Security and Medicare will amount to just 5 percent of GDP.
Actually, the picture is much worse. Nothing in economics
says we should look out just 75 years when considering the present-value
difference between future spending and future taxes. Over the full long-term,
we need an extra 12 percent, not 8 percent, of GDP annually.
Seventy-five years seems like a long enough time to
plan. It’s not. Had the Greenspan Commission, which “fixed” Social Security
back in 1983, focused on the true long term we wouldn’t be sitting here now
with Social Security 26 percent underfunded. The Social Security trustees, at
least, have learned a lesson. The 26 percent figure is based on their infinite
horizon fiscal- gap calculation.
But the real reason we can’t look out just 75 years
is that the government’s cash flows (the difference between its annual taxes
and non-interest spending) over any period of time, including the next 75
years, aren’t well defined. This reflects economics’ labeling problem. If you
use different words to describe the receipts taken in and paid out each year by
the government, you produce entirely different cash flows and an entirely
different fiscal gap measured over any finite horizon.
Matter of Language
It’s only the value of the infinite horizon fiscal
gap that is unaffected by the choice of labels of language. Take this year’s
payroll tax contributions. Let’s call these transfers from workers to Uncle Sam
“borrowing” by the government, rather than “payroll taxes,” since the money
will be paid back as future benefits. If the future payback isn’t in full
(equal to principal plus interest), we can call the difference a “retirement
tax.” Presto! With this change of words, our 2011 deficit of about 10 percent
of GDP is boosted another five points to 15 percent.
With one set of words, taxes are higher now and lower
latter. With the other set of words, the opposite is true. But neither set of
labels makes more economic sense than the other or changes what the government
takes, on balance, from any person or business in any given year.
This is no surprise. The math of economics rules out
an absolute measure of the deficit, just like the math of physics rules out an
absolute measure of time.
Bottom Line
The bottom line, then, is that we need to look at the
infinite-horizon fiscal gap not just for Social Security, but for the entire
federal government. That analysis, based on the Congressional Budget Office’s
long-term alternative fiscal scenario, shows an unfathomable fiscal gap of $202
trillion. And covering this gap requires coming up with the aforementioned 12
percent of GDP, forever.
If this gives you the willies, there’s a ready
narcotic -- the president’s 2012 budget, which shows that most of our long-
term fiscal problem has miraculously disappeared; the fiscal gap isn’t 12
percent of annual GDP. Nor is it 8 percent. It’s now 1.8 percent.
This fantastic improvement in our finances is due,
we’re told, primarily to the Independent Payment Advisory Board. This board, to
be established in 2014 (after the next election, of course) is charged with
recommending cuts to Medicare and Medicaid providers when their costs grow too
fast.
Repealing Cuts
We’ve had laws mandating such cuts for years, and
they are routinely repealed. Indeed, President Obama signed the latest such
repeal last June. But rather than laugh out loud at this cost-control
mechanism, the Medicare trustees, three-quarters of whom were appointed by the
president, assume in their 2010 report that these cuts will be made -- to the
dollar. And the 2012 budget cites the report’s fictional forecast as its
authoritative source.
No one takes the 2010 Medicare trustee report’s
long-run projections seriously, least of all Richard Foster, Medicare’s chief
actuary. Foster added this statement to the end of the report: “The financial
projections shown in this report for Medicare do not represent a reasonable
expectation…in either the short range…or the long range.”
This isn’t the first administration to conceal our
long- term fiscal problem. Back in 1993, Alice Rivlin, then deputy director of
the Office of Management and Budget, asked me and economists Alan Auerbach and
Jagadeesh Gokhale to prepare a long-term fiscal gap/generational accounting for
inclusion in President Bill Clinton’s 1994 budget.
Politics Triumphs
We worked for months on the analysis, but two days
before the budget’s release, the study was excised from the budget. We were
shocked, but, in retrospect, the politics are clear. The Clinton administration
wanted to claim it was fiscally prudent and the study, which showed unofficial
debt growing at enormous rates, showed the opposite.
The fiscal gap’s next near appearance in a
president’s budget was in 2003. Treasury Secretary Paul O’Neill commissioned
Gokhale and Kent Smetters to do the study. It showed a massive $45 trillion
fiscal gap -- not a great basis for pushing tax cuts or introducing the
prescription-drug benefit for seniors, known as Medicare Part D. O’Neill was
ousted on Dec. 6, 2002, and a couple of days later the fiscal-gap study was
discarded.
I’m not sure whether censoring the fiscal gap is more
dishonorable than fudging it. What I do know is that we can’t assume our
problems away and that I expected far better of this president when I voted for
him.
--Editors:
James Greiff, Steven Gittelson
Pro-government
forces, rebels engage in battles for territory (Washington Post) [ The big story here, lost on
mainstream media, was the manipulated stock / oil price fraud based upon false
rumor of daffy gaddafi not ducking and
having been shot. Remember: there’s no place for reality in pervasively
corrupt, defacto bankrupt america and on fraudulent wall street particularly. STOCKS
MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO
BE FALSE TWITTER RUMOR! [ Don’t be
surprised if the frauds on wall street initiated the rumors; their fraudulent
manipulations have included far worse … put them in jail where they belong,
with fines, disgorgement! ( ‘… apparently Twitter-borne rumo r started making the rounds
that Qaddafi had been shot! There was no basis for it, but oil simply
collapsed…’ ) ] Weisenthal ,
On Thursday February 24, 2011 Thank Twitter-borne
rumors of Qaddafi's death for the fact that markets totally didn't get crushed
today…’ ] Militiamen, mercenaries hit cities near capital while protesters
seized air force base; U.S., other Western powers consider responses to
situation. Gaddafi
loyalists launch counterattacks ]
Crude prices broke through the $100-a-barrel threshold as violence in
Libya continued to shake markets.
FLASHBACK:
Gaddafi – Obama Is Friend, Black Man From Our Continent Of Arab Descent He
said, “Now, ruling America is a black man from our continent, an African from
Arab descent, from Muslim descent, and this is something we never imagined –
that from Reagan we would get to Barakeh Obama.”
Julian
Assange to be extradited to Sweden [
No surprise here. As I’ve previously written, I’m against the censorship since
one always, in the final analysis, must discern truth from falsehood,
information from disinformation, reality from propaganda. In truth, I found it
somewhat shocking and more than surprising that of all places ‘to escape to’,
Assange chose Orwellian england, puppet to the u.s. and guarantor of servility
to u.s./zionist interests, such is their own desperate circumstances. What was
he thinking? ] WikiLeaks founder
Julian Assange is to be extradited to Sweden to face allegations of rape and
sexual assault. Assange will appeal, his legal team confirmed. If this is
unsuccessful, he will be extradited to Sweden in 10 days.
Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. I do know that these somali
pirates need killin’ and I further believe that open season on them including
using their boats in the water for target practice makes sense and certainly is
morally justified. I’m tired of hearing about those little weasels … you know,
‘the skinnies’. ]
Ethics
code urged for Supreme Court
(Washington
Post) [ Sounds like a plan! Come on!
Wake up! After all, what can you expect from two guidos from ‘jersey (alito and
scalia, colloquial – note that I have refrained from using what some might
consider disparaging terms as w*p*, gui***s, or da***s … and let me state for
the record that I truly loved and respected my grandmother who was 100%
Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with
greek ancestral roots and thereby claim standing/right to posit the criticism
in light of my direct experience. ). How ‘bout starting with enforcing laws as
to judges, liars, etc., within the very corrupted american illegal system; and,
particularly bribes which in one form or another are rampant . I don’t know
about Thomas, but I do know about alito and ‘jersey … : October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
1.
A judgment
had been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
2.
Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which
false statement he predicated a retaliatory and spurious contempt proceeding
against me causing substantial damage, and for which he sought Judicial Notice
of those and related proceedings as did I in some of my filings.
3.
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page 1 Page 2 ]
4.
Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable Robert
N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s
requested relief as to Coan but precluded my action against Shiff (although
there is no immunity, judicial or otherwise, for criminal acts, ie., fraud
connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
5.
Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the
RICO case despite the conflict of interest in light of hundreds of thousands of
dollars of illegal (drug) money being laundered through the Trump casinos by
the RICO defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally
refused to join or file a separate motion to recuse and not long thereafter
left said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
6.
Probative
and evidentiary documents, affidavits, exhibits, including those turned over to
FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S.
Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s
Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went
over said documents and their probative value with him. Within approximately a
month thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I looked in on the
one mob case he had brought, bungled, lost (accidently on purpose?) since I was
suing some mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam and a
total joke since incompetent corrupt Alito brought in all 20 mob defendants
(rather than prosecute one or a few to flip them first) who feigning illness
had beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if not so
tragic.], Alito is also corrupt
(and maybe corrupt because he is inept). After a reasonable (but still rather
short) time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a federal
judge, and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct lifetime
appointment to the Court of Appeals, 3rd circuit, despite the
absence of judicial experience or successful tenure as U.S. Attorney (Maryanne
Trump Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor creditors,
nor I should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
] Group
of law professors' appeal comes after controversies involving travel and
appearances at political events by several justices. 16
miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they …
with a microscope at that. Saudis Worried
Protests Will Hit Home - saudi arabia;
talk about do nothing hypocrites. How does one family claim ownership of all
the oil reserves of a sovereign nation; I suspect only when foreign
corporations say so
] AFP | Saudi royal warns Arab world uprisings could cause
harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect;
far less than democratic and far more deadly in the mideast among other places;
talk about hypocrites. How does one family claim ownership of all the oil
reserves of a sovereign nation as the saudis; time for the saudis to go the way
of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America ‘Saudi
Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a
move to crack down on pro-democracy protesters who took to the streets in the
capital Manama, a political analyst says. [ SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong position
against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP)
] A
steep challenge for Arab world (Washington Post) [ I’m sure the rest of the defacto bankrupt world
would love to have the lagging problem of the Arab nations of rich real assets
as opposed to the fake fraudulent worthless paper assets the so-called ‘rest of
the world’ is ‘sporting’. Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it.
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the economy,
Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Despite the rich resources in the region, Arab
nations lag behind rest of world economically. Economic
forecast (Washington
Post) [ And you can take that to your
local insolvent bank…or not even your local insolvent bank; but rather, your
non-local insolvent bank that’s still carrying the toxic
assets/paper/securities now marked to anything by way of FASB rule change,
professional criminal courtesy via congress, as the the wall street frauds cash
out for hard fiat currency. What do you expect them to say? This wasn’t even a
recession to be, as per forecast. They haven’t the slightest clue what they’re
doing other than the ‘narcotic effects’ of the non-stop printing press fiat
currency ‘feels good’ and buys time, politically. ] White House
policymaker predicts that the recovery should continue despite oil prices,
European crisis. Pressure
mounts on Gaddafi (Washington Post) [ That he was always a caricature of
sorts, there is no question. That he’s totally burned out, there’s also no
doubt; though they might argue in his defense that so was dumbya bush … a point
well taken … but look at the consequential pathetic state of pervasively
corrupt, defacto bankrupt america … with the unlit torch passed to wobama the b
(for b*** s***) who pretends, or maybe in his alternate and fake reality just
believes it’s lit. That he’s done, also fait accomplis, after 41 years … who cares.
That he’s insane … now that’s quite another thing with greater worldwide
implications, so, daffy… gadaffy… duck! Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the
world’s command. ‘Something there is that doesn’t love a dictator, that wants
them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert Frost ).
Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the internet,
inherently global in nature is the lynchpin, tampering with or stifling same
marking the end of any regime. Let this be a warning; viz., you cannot put the
genie back in the bottle! 41 years? Gadaffy duck should duck ‘cause he’s done.
I mean, look at him, he’s the singular equivalent of the multiple bushes. He’s
totally burnt out (as much or more so than dumbya bush or mubarack) and quite
done! ] Reports have emerged late Friday that Libya appears to have shut down
its Internet due to widespread protests, less than a month after Egypt did the
same. ] With rebels apparently
controlling much of the eastern half of the country, the violence engulfing
Libya is already the worst in more than a month of unrest that has toppled
other regimes. ] Deaths of four Americans reflect increasing
violence of Somali piracy U.S. Warship Tracking Yacht
Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I
do know that these somali pirates need killin’ and I further believe that open
season on them including using their boats in the water for target practice
makes sense and certainly is morally justified. I’m tired of hearing about
those little weasels … you know, ‘the skinnies’. ] On
Obama's jobs tour, unemployed have little voice (Washington Post) [ This of
course is so true. That wobama’s done there’s no question. Indeed, despite the
rhetoric, separate terms, hasn’t he proven to be, and isn’t wobama just a
continuation of the NWO / NAFTAite regimes that landed the nation here in this
foul, pervasively corrupt, defacto bankrupt position. How different are
america’s entrenched corrupt bureaucracies / ‘leaders’ from the dictators and
their corrupt bureaucracies being deposed today. If only wobama wasn’t the
typical, jive-talikin’ wobama the b (for b*** s***) he is and did what he ran
and was elected on, the outcome for fallen america would have been
substantially better, though still dire, than that which lies ahead.
Obama’s 2012
Budget: Tool Of Class War Paul
Craig Roberts ] White House officials were unable to give a
single example of him interacting, even in private, with a person who had
recently lost a job. State
budget woes draw more protests (Washington Post) [ Obama
joins Wisconsin budget battle Democratic
lawmakers flee state in attempt to block anti-union bill (Washington Post) [ Looks like capital hill
can pick up a few pointers from ‘dem dems … fleeing the state, that is … except
in their case it’ll be fleeing the nation-state, or what’s left of same. Drudgereport: Michelle
Obama, Daughters Hit the Slopes on Ski Vacation ... Vail... Bidens
vacation on Fla Keys... FLASHBACK:
Obama on tough economy: 'You might put off a vacation'... 'Everyone
must sacrifice'... RASMUSSEN:
OBAMA APPROVAL SLIPS BACK TO 44%... Gov't
shutdown threat looms over budget fight... DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... Debunking
the 'Debunking Myths of U.S. Collapse' Post
Ridder [ Stated another way, the collapse of the (dis)united states is
at hand. Now, let me state, that doesn’t mean america will disappear from the
face of the earth, but the reality truly is ‘death from a thousand cuts’. It’s
not just China’s rise, but america’s decline and fall with the concomitant
relative rise of other nations, regions. Quite simply, and historically factual
reality has proven, nation-states cannot and have not survived the multitude of
negative, destructive, and self-destructive things america has done and prosper
as a leading nation. From perpetual war, to pervasive corruption, fraud,
criminality across all stratum including institutions, government of american
society, to what I believe as well to be an evolved genetic bias of inherent
criminality/mental illness which is ill-adapted to the strictures of a more
enlightened 21st Century by way of near instantaneously available information,
with truth and factual reality being america’s greatest enemy. In support of
the foregoing I will reiterate reasons, infra.] Debt
relief for states proposed (Washington Post) [ I’ve heard of the ‘blind leading the blind’,
but the ‘bankrupt borrowing from the bankrupt’ seems to be a nouveau american
phenomenon destined for ‘clichedom’.
Previous: Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster
in the making, with consequences even more dire than the grim outlook set forth
by Meridith Whitney, if that could even be fathomed. It’s really going to be
all that bad…see infra, The Economic Collapse, ‘#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system…. “It has
tentacles as wide as anything I’ve seen. I think next to housing this is the
single most important issue in the United States and certainly the largest
threat to the U.S. economy.” Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it.
Obama:
US needs better math, science education (AP) [Well, one thing we absolutely
know as true is that there’s at least one person in america in need of better
math skills and his name is’ wobama the b’ (for b*** s*** - despite campaign
promises to the contrary he actually ramped up war spending also despite defacto
bankruptcy of the nation – bush, if only it was just his math skills, ramped of
war spending while cutting taxes … to his base, a wobama’s on the same page –
how totally pathetic both of them are / were) … but let’s not kid ourselves,
from capital hill to wall street, etc., math skills are indeed lacking. ]
Alan
Greenspan Takes Credit For The Financial Crisis Levin “The morning after we learned of the
news,” Greenspan said of the Dow Jones plunging 6.98 percent that day in
September 2008, “I was able to look myself in the mirror and say, ‘Hey, not
bad.’” Sure, if he’d tried just a little harder he could’ve done better– 10
percent would’ve been a dream– but really, all things considering, not bad!
Solid B+ work. [NYU
via BI ]
Internet tool shows French web surfers 'Jewish-curious' (AFP) - AFP - An Internet tool that flags up popular
search words has spontaneously revealed a deeper trend: French web surfers'
exceeding curiosity about whether their politicians are Jewish. [ To their
credit, at least in France it might matter … to america’s discredit and
self-destruction, it doesn’t even matter … as Buchanan aptly put it ‘capital
hill is occupied israeli territory and just proved it again with the
foolhardy veto of the un resolution
condemning illegal israeli settlements. ]
] The standoff in Wisconsin over
budget cuts spread to other states on Tuesday as union leaders began to
organize protests in other capitols and Democrats in a second state, Indiana,
effectively staged a walkout. Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the
world’s command. ‘Something there is that doesn’t love a dictator, that wants
them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert
Frost). Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the internet,
inherently global in nature is the lynchpin, tampering with or stifling same
marking the end of any regime. Let this be a warning; viz., you cannot put the
genie back in the bottle! 41 years? Gadaffy duck should duck ‘cause he’s done.
I mean, look at him, he’s the singular equivalent of the multiple bushes. He’s
totally burnt out (as much or more so than dumbya bush or mubarack) and quite
done! ] Reports have emerged late Friday that Libya appears to have shut down
its Internet due to widespread protests, less than a month after Egypt did the
same. ] With rebels apparently
controlling much of the eastern half of the country, the violence engulfing
Libya is already the worst in more than a month of unrest that has toppled
other regimes.
I knew
there was something especially (but typically) not right in Friday’s (and
Thursday’s) trade; and, sure enough, it was a full moon Friday as per lunar
calendar (a must in today’s markets owing to the prevalence of lunatics /
criminally insane on wall street).
Have Stocks Really Moved Sideways Since 2000? McCurdy ‘Last
week , we reviewed the inverse secular relationship between stocks and the
price of gold. Stocks have been in a secular downtrend since the bull market
from the 1980s terminated early last decade, while gold has been in a secular
uptrend. Many analysts do not like to label the current secular environment in
stocks as a bear, instead referring to it as a "sideways" market.
Indeed, a quick review of the S&P 500 index monthly chart shows that it has
essentially bounced sideways for the past 11 years.
[Click all to
enlarge][chart} nominal values and returns. When you compare stock market
performance to hard assets like commodities and gold, you see a very different
picture.[chart] [chart] [chart] [chart] [chart] [chart] [chart]
Weighing the Week Ahead: The Beat Goes On Miller ‘…The explanation is much simpler. The Beat Goes On.
The grocery store's the supermart, uh huh. Little girls still break their hearts, uh
huh. And men still keep on marching off to war Electrically they keep a baseball score {Refrain} Grandmas sit in chairs and reminisce Boys keep chasing girls to get a kiss The cars keep going faster all the time Bums still cry, "Hey buddy, have you
got a dime"
Sonny &
Cher may not have been market gurus, but the song captures the
current market action. The "drums keep beating."
… The Bad There was some important bad news for the economy. The story is rarely
one-sided. There is a continuing problem on several fronts, a widely known
"wall of worry" that is already reflected in current market prices.
HOUSING SALES OVERSTATED . The most important bad news of the week came from the CoreLogic
Year-end Summary of Trends. I read their reports, and so should you.
Calculated Risk has a nice
summary, showing that the existing home sales from the National
Association of Realtors may be overstated by 15%. Consistent and
aggressive critic (another of our featured sources) Barry Ritholtz has
this take. RETAIL SALES. This was a big disappointment . INITIAL JOBLESS CLAIMS. The highly volatile series moved
higher, but the trend
continues lower. It is not good enough to improve the employment picture…’
Correlating
U.S. Demographics, Trade Deficits and Employment Lounsbury’ Recent analysis found
that the U.S. trade balance deficit for manufactured goods was the equivalent
of almost 29 million jobs over the past 19 years. The analysis referred to
these as exported jobs .
What if some of
the manufacturing jobs had been retained? How would U.S. employment have been
affected? Would we have anything like the high unemployment rates experienced
over the past two years?
The following
analysis shows that the U.S. simply didn't have the population needed to
produce what we have been consuming. The trade deficit is actually a
demographic problem as well as a global competition problem for the U.S.
Labor Participation Rate
First let’s look at the labor participation rate over
the past 60 years.
click to enlarge images
[chart]
Over the last 25-30 years the institution of two
wage-earner households became entrenched and the labor participation rate rose
above 65% as of 1985. In 2010 the participation rate fell back below 65% as a
result of severe employment dislocations produced by The Great Recession.
The following graph focuses on the years starting
with 1992. Two arbitrary areas are identified by the author, a “peak”
participation rate and a “healthy” rate. These arbitrary definitions may be
subject to debate.
[chart]
These two definitions are used to examine
counterfactual participation rates in the following discussion.
Manufacturing Jobs Have a High Multiplier
In the previous article a graph
was presented which showed the number of manufacturing jobs “exported” each
year starting with 1992. What was not discussed in the previous article is that
jobs have multiplier factors. If one person receives a wage much of that money
is spent and that creates additional jobs. For each person working in a
particular job, other people are employed in support industries. The total of
all these additional jobs is what comprises the jobs multiplier. The
mathematics can be reviewed here .
The multiplier varies for different types of jobs and
is determined by collecting experimental data in the actual economy.
Manufacturing jobs have high jobs multipliers. A table of jobs multipliers is
shown in the following table:
[chart]
A number of data sources have been reviewed for the
value of the manufacturing job multiplier in the U.S. These are shown in the
following table.
[chart]
Active links from the table:
A jobs multiplier of 3.0 means that each job
represents a total of three jobs: the original job plus two others that exist
only because that original job is there. One estimate for all
employment is an average multiplier of 1.9. For manufacturing the
multiplier is close to 3. For every manufacturing job gained or lost directly,
two other jobs, on average, are gained or lost.
For the rest of this article we will use the
multiplier of 2.9. Using that value, the number of jobs lost each year since
1992 because of the trade deficit for manufactured goods has been calculated
and is shown in the following graph. The lowest line represents the number of
direct manufacturing jobs exported. The second line is the number of dependent
jobs lost and the top line is the total number of jobs, direct and indirect,
that were exported.
[chart]
What If All “Jobs Exported” Had Been Retained?
If all the direct and indirect jobs that have been
‘exported” had been retained, what would the unemployment picture have been
forth past 18 years? This is displayed in the following graph.
[chart]
There are two shaded areas in the graph. The blue
area encompasses all the commonly accepted values for NAIRU. The salmon area
defines where labor shortages would occur, the lower the percentage the greater
the shortage.
The red line shows the counterfactual case calculated
for the “exported jobs” being retained and the labor participation rate staying
at the peak (67%). The green line shows the counterfactual unemployment rate
provided the participation rate actually experienced is used.
A reasonable conclusion from this graph is that, to
retain the number of jobs estimated, labor would have to be imported or the
labor participation rate would have to rise above the all-time peak. Without
some combination of those two factors there would have been labor shortages 14
of the last 16 years (1994-2007)
Note: NAIRU refers to a Milton Freeman defined term: Non-Accelerating Inflation Rate of Unemployment
What If “Jobs Exported” Had Been Reduced by Half?
The next counterfactual situation examined is the
case where half of the “exported jobs” were retained each year. The following
graph shows the official unemployment rate average each year (blue), with two
counterfactual unemployment rates.
[chart] The red line shows the counterfactual case calculated
for ˝ of the “exported jobs” being retained and the labor participation rate
staying at the peak (67%). The green line shows the counterfactual unemployment
rate provided the participation rate actually experienced is used.
What If 25% of “Jobs Exported” Had Been Retained?
The following graph shows official and counterfactual
unemployment rates if 25% of the “exported jobs” had been retained.
[chart]
Even if 75% of the “exported jobs” had occurred, the
U.S. would still have had labor shortages almost in seven of the past 19 years.
The unemployment rate would have been below 4% for1997-2000 and 2005-2007. If
the labor particpation rate had remained at peak (67%) throughout this time
period, there would have been labor shortages only in the last four years of
the 2oth century.
Caveats
There are many assumptions to be questioned in this
analysis. A few are listed here:
Would our trade surplus in services have been
less (thereby reducing service employment) if there had been no deficit
for goods? Would FDI (foreign direct investment) in the U.S. Elliott Morss . FDI
in the U.S. creates jobs. Would the FDI by the U.S. in the U.S. Is the multiplier for manufacturing jobs
accurate for the type of manufacturing that was "exported"? Are the assumptions about peak and healthy
participation ratios really appropriate?
I expect there are many more open issues here and I
expect that readers will eagerly point them out to me.
Conclusion
The U.S. has been on a consumption binge. The
examination discussed here indicates that the country has been living beyond
its means to produce what it consumes. That doesn't even consider that we have
to import more than half of the energy used. If the production of even part of
the production of goods that have been imported over the lat 14 years had been
retained domestically, there would not have been enough labor available to fill
the jobs that would have been required.
So the U.S. has been living beyond its means in three
ways:
Beyond its means to provide energy used; Beyond its means to pay; and Beyond its means to produce what it consumes.
Further work is in progress to examine:
How much more labor force participation would
have been needed to prevent labor shortages from occuring; or How much labor would have had to have been
imported; or What combinations of the two would have done the
trick.
There is one additional area being studied: How does
the undocumented worker influx that has occurred over the past two decades
interact with these labor requirement scenarios.
More articles on this topic will be forthcoming in
the next few weeks…’
Buy the Dips or Sell the Rally - The One Indicator that Knows Maierhofer, February 22,
2011, 5:51 pm ‘ Low-Risk. The term
'low-risk' has the same appeal in the investment world as the enticing little
word 'free' in the advertising world.Some advertising executives claim that
'free' is the most powerful word in the ad world. 'Low-risk' might be the most
powerful concept in the investing universe.If you read the ETF Profit Strategy
Newsletter you are very familiar with the term low-risk entry. If you don't,
here's a quick summary and crash course of an indicator that's been 100%
accurate over the past 6 months.Low risk entries for various indexes are
identified or triggered by a relative strength indicator called percentR.
PercentR is expressed on a scale from 1 - 100. Readings above 80 are considered
overbought, readings below 20 oversold.If you read the ETF Profit Strategy
Newsletter you are very familiar with the term low-risk entry. If you don't,
here's a quick summary and crash course of an indicator that's been 100%
accurate over the past 6 months.Low risk entries for various indexes are
identified or triggered by a relative strength indicator called percentR.
PercentR is expressed on a scale from 1 - 100. Readings above 80 are considered
overbought, readings below 20 oversold.
Uncannily Accurate
A
picture says more than a thousand words and the chart sheds more light on the
value of percentR. As you can tell by the red line, following the W bottom in
November (not shown in the chart), percentR spiked above 80 (first yellow
circle) around S&P 1,210. This was the initial buy signal. [chart]With two
exceptions, percentR remained above 80 ever since. The two dips below 80
(yellow circles) on January 19 and 28 triggered a low-risk entry. Even though
investors were worried about riots in Egypt, according to percentR it was time
to buy.This bullish low-risk entry is valid as long as the underlying index (in
this case the S&P 500) does not close below that day's low (white
line). In both instances, the S&P (SNP: ^GSPC) stayed above that low and
went on to rally over 5%.
Other Low-Risk Entries
PercentR
works with stocks and indexes alike. Similar low-risk entries were identified
by the ETF Profit Strategy Newsletter for the Dow Jones (DJI: ^DJI), Nasdaq-100
(Nasdaq: QQQQ News XLF News
Corrections are Healthy, if ...
'Corrections
are healthy' is one of many ambiguous Wall Street sayings. If you judge the
current 'bull market' purely on this statement, this market is one sick puppy -
there hasn't been more than a 2.5% correction in nearly a quarter - and needs a
serious correction to be jolted back into healthy territory.Put yourself in a
time capsule and zoom back to April 2010 when the major U.S. indexes declined
nearly 20% before the promise of QE2 resurrected stocks. There was little
conviction then that corrections are healthy. The correction had rattled the
investing masses and shaken out many stockholders before the market went on to
rally again.PercentR is the canary in the coalmine that identifies a deeper
correction. No significant sell off happens without a failed low-risk entry.A
failed low-risk entry occurs when the indexes close below the low of the day
that triggers the low-risk entry (white lines on the chart). The last failed
low-risk entry happened in November 2010 when stocks chopped around for a few
weeks and ultimately lost about 5%. Another failed low-risk entry flashed
a sell signal on August 11 and ushered in a 21 day, 8% sell off.
The Right Tool for the Job
Any
craftsman will tell you that there are limitations to any tool, but there's a
tool for each job. percentR is the right tool for the current job.After a
parabolic rally, the job at hand is to distinguish whether pull backs are a
buying opportunity or a warning signal. Should you buy the dips or step on the
sidelines (or even short the market)?The ETF Profit Strategy Newsletter
"Are
Your truly dead?" The IMF, Watson and Schrodinger's Cat. [ On forbes,
of new york / new jersey the hotbed of mob / wall street fraud and corruption
and leading sinkhole of the nation, and of failed capitalist tool fame, do they
waste an article and time on fraud / spam as a matter of course. I get a few or
more of these routed to my spam box each day. Moreover, invariably upon
visiting the forbes site / article my anti-virus picks up and blocks numerous
malicious adware, url, etc., queries (it’s become pathetic the number and
amount of s**t, ads, scripts that are crammed into some web pages these days);
and, almost invariably, coming from the forbes ny / nj faux capitalist tool
sight, all for nought! What a waste of time forbes et als are! ]
Obama:
US needs better math, science education (AP) [Well, one thing we absolutely
know as true is that there’s at least one person in america in need of better
math skills and his name is’ wobama the b’ (for b*** s*** - despite campaign
promises to the contrary he actually ramped up war spending also despite
defacto bankruptcy of the nation – bush, if only it was just his math skills,
ramped of war spending while cutting taxes … to his base, a wobama’s pn the
same page – how totally pathetic both of them are / were) … but let’s not kid
ourselves, from capital hill to wall street, etc., math skills are indeed
lacking. ]
Alan
Greenspan Takes Credit For The Financial Crisis Levin “The morning after we learned of the
news,” Greenspan said of the Dow Jones plunging 6.98 percent that day in
September 2008, “I was able to look myself in the mirror and say, ‘Hey, not
bad.’” Sure, if he’d tried just a little harder he could’ve done better– 10
percent would’ve been a dream– but really, all things considering, not bad!
Solid B+ work. [NYU
via BI ]
Internet tool shows French web surfers 'Jewish-curious' (AFP) - AFP - An Internet tool that flags up popular
search words has spontaneously revealed a deeper trend: French web surfers'
exceeding curiosity about whether their politicians are Jewish. [ To their
credit, at least in France it might matter … to america’s discredit and
self-destruction, it doesn’t even matter … as Buchanan aptly put it ‘capital
hill is occupied israeli territory and just proved it again with the foolhardy veto of the un resolution condemning illegal
israeli settlements. ]
UNREST IN THE MIDDLE EAST Bahrain
military retreats after shootings (Washington Post)
[ Saudis Worried
Protests Will Hit Home [ For the
sake of the saudi Arabian people, more than just protests should come to
fruition! ] AFP | Saudi royal warns Arab world uprisings could cause
harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect;
far less than democratic and far more deadly in the mideast among other places;
talk about hypocrites. How does one family claim ownership of all the oil
reserves of a sovereign nation as the saudis; time for the saudis to go the way
of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America ‘Saudi
Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a
move to crack down on pro-democracy protesters who took to the streets in the
capital Manama, a political analyst says. [ SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP)
SEC
names Sean McKessy to head new whistleblower office (Washington Post) The
appointment sets off alarm bells among whistleblower advocates. [ Indeed it
should, regardless of ‘who’. In pervasively corrupt, defacto bankrupt america
there is always that pre-calculation: juice / no juice, payer
(bribes/contributions) / non-payer, potential after gov’t job opportunity / no
job opportunity, etc.. Video: Why Isn’t
Wall St. in Jail? [ This truly will prove to be the story of the century
(albeit an abbreviated one and a turning point toward america’s intractable
decline) owing to what will ultimately be the lynch-pin of global economic /
financial collapse ushering in an era of great scarcity in more ways than can
be imagined. The pervasively corrupt, defacto bankrupt american nation /
government has literally underwritten this massive fraud at the expense of the
vast majorities directly and indirectly, precluded prosecution while
obfuscating the substantial crimes, literally becoming accomplices thereby.
There is absolutely no excuse for what is essentially a defalcation and
abrogation of duty. I was watching a somewhat obscure film recently which
(though elsewhere on this page and site I’ve set forth alarming crime
statistics clearing showing america as number 1 in all categories by wide
margins) which set forth the statistic that america has 85% of the world’s
serial killers (and I’d go further in saying it is likely that america has a
similar lead in war crimes, etc.) ] MSNBC | Cenk
Uygur talks to Matt Taibbi about his latest Rolling Stone article. …… I mean, give me a frickin’ break! Let’s
get real here … probably the most egregiously dangerous years for
whistleblowers were the clinton years when even potential whistleblowers were
targeted; ie., Mary Mahoney, former clinton security team members, etc., see http://albertpeia.com/bodycount.htm ie., Mary C. Mahoney: 25,
murdered at the Georgetown Starbuck's coffee bar over the 4th of July '97
weekend. She was a former White House intern who worked with John Huang.
Apparently she knew Monica Lewinsky and her sexual encounters with Bill
Clinton. Although not verified, it has been said that Lewinsky told Linda Tripp
that she did not want to end up like Mahoney… Steve Willis,
Robert Williams, Todd McKeahan & Conway LeBleu:
Died Feburary 28, 1993 by gunfire at Waco. All four were examined by a
pathologist and died from identical wounds to the left temple. All four had
been body guards for Bill Clinton, three while campaigning for President and
when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed
at Waco…, etc. but the bushies / cia / wall street are comparable and as well
in some different, more subtle ways; ie., discrediting, false charges,
etc.. ] The appointment sets off alarm
bells among whistleblower advocates. A
frayed alliance: Obama and unions Wis.
budget impasse deepens (Washington
Post) [ Frayed? How ‘bout flayed, fillet, and souffled … Or, screwed, nude, and
double chewed … Drudgereport: OBAMA
BACKS UNION UPROAR PELOSI
BACKS PROTESTERS: 'I STAND IN SOLIDARITY'...
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... BUDGET
WOES FORCE STATES TO CONSIDER ABOLISHING '12 PRESIDENTIAL PRIMARIES... STATE
BUDGETS ON THE BRINK: CA, TX, IL, NY, NJ... WISC
GOV: 'NOT GOING TO BE BULLIED, INTIMIDATED'... Orders
state troopers to bring Dems to Capitol... 'There
Is Fear For Scott Walker's Safety'... Dem
Sen: We'll stay away for weeks... WALKOUT:
Milwaukee Schools closed; teachers call in 'sick'... REPORT:
Average city teacher compensation tops $100,000... PAPER:
GET BACK TO WORK! DNC
playing role in protests... Jesse
to the Rescue: Jackson rallies protesters... 'A
real Martin Luther King moment'... Union
Fight Heats Up... Republicans
vow to cut spending in state capitols... Protests
Spread to Ohio... Michigan... 'Coming
To Minnesota'... Idaho
offical target of threats over education reform plan... Egypt
in America? 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States... Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that
hill … We’ve known that for quite some time along with their illegal nukes, war
crimes, etc…The whole world knows that hill… so don’t just talk about it … DO
SOMETHING! ] ...
Offended
Mubarak refuses calls from Obama... Ahmadinejad:
Obama can't spell his own name (True … it’s ‘w o b a m a’ with ‘the b for b*** s***’ his surname … he’s
so pathetic and a total caricature / joke!) ... Egypt's
protests flare despite military warning... Libya
set for 'day of anger'... Thousands
of police confront protesters in Yemen... Riot
police storm Bahrain camp; 2 reported dead... ABCNEWS
Correspondent Beaten... 100
Egyptians reach Italy amid Arab exodus... CARTER:
Muslim 'hood nothing 'to be afraid of'... PAPER:
Senate hearing turns into farce as American ignorance on Egypt revealed... USA TO REBUKE ISRAEL AT UN Poll:
Majority of Republicans Doubt Obama's Birthplace... Agents
Shot in Mexico... WORRIES
OBAMA OFFICIALS... ICE
IN VICE... GAO:
Feds have 'operational control' of 44% of border; just 15% 'air tight'... DAY
3: 'Watson' the computer creams human 'JEOPARDY!' champs... REPORT:
Steve Jobs receiving treatment at cancer center... PAPER:
'Reportedly sicker than previously admitted'... ISSA
MAKES A MOVE: New subpoena seeks records on sweetheart loans... U.S.
Government Shuts Down 84,000 Websites, ‘By Mistake’
'Kill
Switch' Internet bill alarms privacy experts... GOP
BLASTS FCC NET RULES...
TSA
agents busted at JFK for stealing $160,000 from bags...
Hillary
Clinton donors indicted... Man
mugs 96-year-old -- for $5... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... Muslim
Bros plan political party... Present
Two Faces... Pakistan
Islamists warn of protests if US prisoner freed... SECSTATE
JR: Sen Kerry arrives in Pakistan, expresses 'regret', 'sorrow'... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL World
Bank: Food prices at 'dangerous levels'... Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi... Berlusconi
indicted in prostitution probe...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum... Boy
wrestler forfeits match to female opponent...
]
House
approves dramatic cuts in federal spending
Vote
sets up showdown with Dems; threat of shutdown looms (Washington
Post) [ As they say on SNL, ‘What’s up with that?’. Come on! Wake up! That
doesn’t even cover the interest on a $14 trillion debt. And, how disingenuous
of the author to write, ‘largest cut of its kind since WWII’… Not in percentage
terms by a long shot! … Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘ ] After all-night debate, House votes 235-189
to approve plan to cut $60 billion in federal funding in what'd be the largest
cut of its kind since WWII.
The Four Horsemen of the Dow: Dave's Daily ‘No, I wasn't alive to watch the Four Horsemen
of Notre Dame play football but I did watch the DJIA today. As you know this is
a "price weighted" index. Four companies that rose today were among
the priciest: BA, CAT, CVX and TRV. The rest were mixed to flat. Imagine if
TPTB added AAPL or GOOG to the index. But, for most Americans, the DJIA is what
they see most every day if they care. Cynically, as some say, it's just
"window dressing for the tourists" to wit the current headline at the
WSJ: "Stocks Close at 2 ˝ Year High". Does it really matter that four
stocks accounted for the positive headline? If, you're looking deeper into
what's really going on in markets, sure it should. But many investors POMO
is ubiquitous encouraging investors to take more risks. No matter unemployment
shows no sign of improving, housing is still in the dumps and key strategic
countries (Bahrain, Libya, Egypt, Yemen, Algeria and Tunisia) are all aflame.
There wasn't any economic data today other than Bernanke defending his
policies. And, there was little earnings news. The dollar was weak and most commodities ETFs register here to
listen and comment for free. Volume for an options expiration day was light but
perhaps ahead of a three day weekend is understandable. Breadth was pretty flat
per the WSJ.’
Stock Melt-Up Continues to Ignore Warnings [ While I generally warn
against short-selling as an investment strategy for all but the most successful
speculators (there are very, very few), if there ever was a time to try your
luck at same, that time is now! We’re now beyond the absurd in these
overbought, overvalued, contrived, manipulated markets. See also, Dave infra,
‘… Further,
the Philly Fed (riiiiight … that global hub of manufacturing activity) came in
much higher than expected although inside the numbers the prices paid vs prices
received disparity was the greatest since 1979. That wasn't a great time for
corporate profits. Even though there's some "discussion" within the
Fed over the effectiveness of QE operations another heavy dose of POMO
was released to trading …’ Why Isn’t Wall Street
in Jail? Matt Taibbi
]
January Weather's Economic Impact: Catalyst for Overdue
Market Correction?
Investopedia: What Does Composite Index of
Leading Indicators Mean? An index published
monthly by the Conference Board used to predict the direction of the
economy's movements in the months to come. The index is made up
of 10 economic components, whose changes tend to precede changes in
the overall economy. These 10 components include: insurance interest rates ] Kaminis‘As
we suspected, January weather is proving to have hampered economic activity.
Blizzards and super storms rampaged across much of the nation last month, and
economic reports are now showing the effects born to the economy. The latest
such report, and broad reaching measure to make this case, is Leading Economic
Indicators, but we've also seen data from companies like FedEx (FDX As a publisher, I can give you firsthand
testimony to the economic effects of January's weather. Almost all of my
advertisers have reported dead business through the month, which has weighed on
our own cash flow as well. January offered a rude awakening as to just how
perilous are the operations of small businessmen, who have weathered the worst
part of the recession, but are still just scraping by, and with little leeway
for error.Economic reports should continue to prove out that the harsh weather
that battered all of the country in January, especially the population
concentrated Northeast, provided a speed bump to economic growth. The few
January reports that have reached the wire to-date offer enough support to our
case, but the stock market has not shown ill-effect as yet.The Leading
Indicators Index, just reported for January, showed only a 0.1% increase. The
meek result compared against December's revised 0.8% increase and November's
1.1% rise. The Conference Board, which puts the LEI together, reported that
while the economic trend is expansionary, current economic conditions remain weak.
The cumulative change in the LEI over the last six months is a solid 3.0%.
However, the Board reported that the Coincident Economic Index, which measures
current conditions, rose just 0.1%, following a 0.3% increase in December and
0.2% rise in November. Furthermore, the Conference Board's Lagging Economic
Index dropped 0.1%.The factors behind the softness in January were listed as
weaker housing permits and poor labor market indicators. We've posited here
before that the weather likely played a role in weird results from the Labor
Department last month, if not keeping depressed job searchers buried at home.
We've likewise warned that the weather might throw off January's housing data,
some of which has already been released, with more to come next week.Other
reports have more clearly depicted the sad season we describe here. Industrial
Production, reported Wednesday for January, produced a 0.1% decrease where
economists were looking for a 0.5% increase. Capacity Utilization also
confounded economists, falling to 76.1% from a revised 76.2% rate in December.
Economists were looking for an improvement to 76.3%. Now, Industrial Production
actually softened partly due to lower utility production on warmer average
temperatures in January, which is a counter to our argument. Though, Factory
Production in isolation and excluding motor vehicle production, rose modestly
0.1%, agreeing with our theory somewhat. The softer data piles on. The month's Housing
Starts data showed a slippage in permitting activity, as the pace slowed to
562K, from 627K in December. Furthermore, single-family home authorizations
fell 4.8% to 421K. The pace of single-family housing starts also fell 1% to
413K. January's Retail Sales (and sales excluding autos) rose 0.3%, but both
figures missed the economists' consensus expectations for 0.5% increases.As
economists seem to have overlooked the weather in January, they have likely
conveyed a certain optimism to strategists, who have likewise guided portfolio
managers and analysts. As more data points are reported for January, and if
they are reported significantly off, then stocks could sell off briefly over
the short-short-term on a shift in understanding.Indeed, some companies have
been directly impacted by the weather already, and others will likely report
earnings impact in their Q1 releases. FedEx cut its projected fiscal third
quarter EPS forecast to a range of $0.70 to $0.90, from $0.95 to $1.15, due to
in part to "winter storms." Analysts had been looking for EPS of
$1.02 on average, based on Bloomberg's data. Whether directly or indirectly,
and based on my anecdotal witness, I think we can expect companies to report
weather impacted results for this quarter. With economists, strategists and
analysts potentially all off the mark, there's risk to stocks.Given the January
weather is not an ongoing issue, you can look for analysts to blow off any
negative surprises, and to guide investors to stick with their recommendations
as they also save face. The weather is still considered a temporary and
insignificant factor in valuation (though that's increasingly debatable given
climate change), and so any damage to stocks should be only a trading hit that
might open opportunities for long-term buying interests in good names. However,
most technical charts, including those by our technical analyst, show a market
overdue for a correction. Thus, perhaps we have here a catalyst.’
February 18, 2011: Market Summary [Caveat: This
market is worse than overbought. This market is fraudulently manipulated,
overvalued as preceded all other crashes and this time will be no different and
in some ways worse owing to the structural shift away from pervasively corrupt,
defacto bankrupt america. ] Investopedia ‘The past several weeks
have been very difficult for traders who believe that the markets
are headed for a pullback. It seems like any signs of weakness have
been quickly overcome by the bulls and the markets continue to chug
along as they race to new highs. While it is prudent to preach caution when the
markets are in such a strong uptrend, the simple fact is that there is no
evidence yet of a market top. It is wise for traders to respect this
strength and simply recognize that the environment is overbought
21
Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged,
Declawed And Deindustrialized Once upon a time… The Economic Collapse Feb 12, 2011 ‘Once upon a time, the United
States was the greatest industrial powerhouse that the world has ever
seen. Our immense economic machinery was the envy of the rest of the
globe and it provided the foundation for the largest and most vibrant middle
class in the history of the world. But now the once great U.S. economic
machine is being dismantled piece by piece. The U.S. economy is being
gutted, neutered, defanged, declawed and deindustrialized and very few of our
leaders even seem to care. It was the United States that once showed the
rest of the world how to mass produce televisions and automobiles and airplanes
and computers, but now our industrial base is being ripped to shreds.
Tens of thousands of our factories and millions of our jobs have been shipped
overseas. Many of our proudest manufacturing cities have been transformed
into “post-industrial” hellholes that nobody wants to live in anymore.
Meanwhile,
wave after wave of shiny new factories is going up in nations such as China,
India and Brazil. This is great for those countries, but for the millions
of American workers that desperately needed the jobs that have been sent
overseas it is not so great.
This is the
legacy of globalism. Multinational corporations now have the choice
whether to hire U.S. workers or to hire workers in countries where it is legal
to pay slave labor wages. The “great sucking sound” that Ross Perot
warned us about so long ago is actually happening, and it has left tens of
millions of Americans without good jobs.
So what is to
become of a nation that consumes more than it ever has and yet continues to
produce less and less?
Well, the
greatest debt binge in the history of the world has enabled us to maintain (and
even increase) our standard of living for several decades, but all of that debt
is starting to really catch up with us.
The American
people seem to be very confused about what is happening to us because most of
them thought that the party was going to last forever. In fact, most of
them still seem convinced that our brightest economic days are still ahead.
After all,
every time we have had a “recession” in the past things have always turned
around and we have gone on to even greater things, right?
Well, what
most Americans simply fail to understand is that we are like a car that is
having its insides ripped right out. Our industrial base is being gutted
right in front of our eyes.
Most Americans
don’t think much about our “trade deficit”, but it is absolutely central to
what is happening to our economy. Every year, we buy far, far more from
the rest of the world than they buy from us.
In 2010, the
U.S. trade deficit was just a whisker under $500 billion. This is money
that we could have all spent inside the United States that would have supported
thousands of American factories and millions of American jobs.
Instead, we
sent all of those hundreds of billions of dollars overseas in exchange for a
big pile of stuff that we greedily consumed. Most of that stuff we
probably didn’t need anyway.
Since we spent
almost $500 billion more with the rest of the world than they spent with us, at
the end of the year the rest of the world was $500 billion wealthier and the
American people were collectively $500 billion poorer.
That means
that the collective “economic pie” that we are all dividing up is now $500
billion smaller.
Are you
starting to understand why times suddenly seem so “hard” in the United States?
Meanwhile,
jobs and businesses continue to fly out of the United States at a blinding
pace.
This is a
national crisis.
We simply
cannot expect to continue to have a “great economy” if we allow our economy to
be deindustrialized.
A nation that
consumes far more than it produces is not going to be wealthy for long.
The following
are 21 signs that the once great U.S. economy is being gutted, neutered,
defanged, declawed and deindustrialized….
#1 The U.S. trade deficit with the rest of the world
rose to 497.8
billion dollars in 2010. That represented a 32.8% increase from 2009.
#2 The U.S. trade deficit with China rose to an
all-time record of 273.1
billion dollars in 2010. This is the largest trade deficit that one
nation has had with another nation in the history of the world.
#3 The U.S. trade deficit with China in 2010 was 27 times
larger than it was back in 1990.
#4 In the years since 1975, the United States had run a
total trade deficit of
7.5 trillion dollars with the rest of the world.
#5 The United States spends more
than 4 dollars on goods and services from China for every one dollar that
China spends on goods and services from the United States.
#6 In 1959, manufacturing represented 28 percent of all U.S. economic
output. In 2008, it represented only 11.5 percent and it continues to
fall.
#7 The number of net jobs gained by the U.S. economy
during this past decade was smaller than during any other
decade since World War 2.
#8 The Bureau of Labor Statistics originally predicted
that the U.S. economy would create approximately 22 million jobs during the
decade of the 2000s, but it turns out that the U.S. economy only produced about 7 million jobs during
that time period.
#9 Japan now manufactures about 5 million more
automobiles than the United States does.
#10 China has now become the world’s largest
exporter of high technology products.
#11 Manufacturing employment in the U.S. computer
industry is actually lower in 2010 than
it was in 1975 .
#12 The United States now has 10 percent fewer “middle class jobs” than it did
just ten years ago.
#13 According to Tax Notes,
between 1999 and 2008 employment at the foreign affiliates of U.S.
parent companies increased an astounding 30 percent to 10.1 million.
During that exact same time period, U.S. employment at American multinational
corporations declined 8 percent to 21.1 million.
#14 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs.
#15 Back in 1998, the United States had 25 percent of
the world’s high-tech export market and China had just 10 percent. Ten years
later, the United States had less than 15 percent and China’s share had soared to 20 percent .
#16 The number of Americans that have become so
discouraged that they have given up searching for work completely now
stands at an all-time high .
#17 Half of all American workers now earn $505 or less per week.
#18 The United States has lost a staggering 32 percent
of its manufacturing jobs since the year 2000.
#19 Since 2001, over 42,000 U.S. factories have closed
down for good.
#20 In 2008, 1.2 billion cellphones were sold
worldwide. So how many of them were manufactured inside the United States? Zero .
#21 Ten years ago, the “employment rate” in the United
States was about 64% . Since then it
has been constantly declining and now the “employment rate” in the United
States is only about 58% . So where
did all of those jobs go?
The world is
changing.
We are
bleeding national wealth at a pace that is almost unimaginable.
We are
literally being drained dry.
Did you
know that
China now has the world’s fastest train and the world’s largest high-speed
rail network?
They were able
to afford those things with all of the money that we have been sending them.
How do you
think all of those oil barons in the Middle East became so wealthy and could
build such opulent palaces?
They got rich
off of all the money that we have been sending them.
Meanwhile,
once great U.S. cities such as Detroit, Michigan now look like war zones.
Back in 1985,
the U.S. trade deficit with China was about 6 million dollars for the entire
year.
As mentioned
above, the U.S. trade deficit with China for 2010 was over 273billion
What a
difference 25 years can make, eh?
What do you
find when you go into a Wal-Mart, a Target or a dollar store today?
You find row
after row after row of stuff made in China and in other far away countries.
It can be more
than a bit difficult to find things that are actually made inside the United
States anymore. In fact, there are quite a few industries that have
completely and totally left the United States. For certain product
categories it is now literally impossible to buy something made in America.
So what are we
going to do with our tens of millions of blue collar workers?
Should we just
tell them that their jobs are not ever coming back so they better learn phrases
such as “Welcome to Wal-Mart” and “Would you like fries with that”?
For quite a
few years, the gigantic debt bubble that we were living in kind of insulated us
from feeling the effects of the deindustrialization of America.
But now the
pain is starting to kick in.
It has now
become soul-crushingly
difficult to find a job in America today.
According
to Gallup , the U.S. unemployment rate is currently 10.1% and when you throw
in “underemployed” workers that figure rises to 19.6%.
Competition
for jobs has become incredibly fierce and it is going to stay that way.
The great U.S.
economic machine is being ripped apart and dismantled right in full view of us
all.
This is not a
“conservative” issue or a “liberal” issue. This is an American issue.
The United
States is rapidly being turned into a “post-industrial” wasteland.
It is time to
wake up America.’
This is
that unmentionable reality as I alluded to earlier on close scrutiny of the
data, ‘that stock prices have been manipulated to the upside beyond any and all
rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m
not kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why
the same is considered a contrary market indicator, particularly in these
manipulated, contrived markets). When I did my MBA thesis (1977, NYU, GBA,
Eve.Prog., Finance), a review of the data revealed even then (and much more so
now with computer programmed market manipulation) that the market remained
biased / propped up (artificially, especially now with computerized
manipulation) to the upside for far longer periods of time than for the
downside which meant that dollar-cost averaging (through regular, periodic
investment, for example), meant you were accumulating shares at higher prices
generally for longer periods of time skewing the average cost to the upside
(dollar-cost-averaging in declining markets was ok if analysis / forecast saw
resurgence based on fundamentals - now absent – which is timing, as even senile
wall street / gov’t shill Buffet would attest, that ‘greedy when others are
fearful thing’). Abbott discusses perception which is the psychological factor
involved in security evaluation / analysis; but investors need not and should
become nuts themselves, particularly when as now, the inmates are running the
asylum. ] Abbott ‘Perception
determines short-term market movements. The difference between perception and
reality determines the direction of major market trends. Though I generally try
to avoid making macro prognostications, I believe bottom-up analysis can be
informative about the current level of stock prices. I want to share what my
recent work tells me about where stocks are (and where they might be headed). I
will outline some various nuggets of collective wisdom that are taken for
granted right now by stock bulls, and I will attempt to demonstrate how reality
is likely to differ from these perceptions.
First, a
disclaimer. This is not a market timing call. At all times, I stay away from
market timing predictions. I think that's a loser's game in the long run. Even
if I'm correct about the discrepancies between the following perceptions and
realities, there's no saying when people will change their minds or shift their
focuses. That said, let's dive in.
Perception
vs. Reality #1 Perception: Low Interest Rates,
Questionable Bond Outlook Means Stocks are Attractive Reality: Interest Rates Are Being
Artificially and Deliberately Manipulated
It's no secret
that the Federal Reserve's low interest rate policy and quantitative easing
efforts have held interest rates very low for very long. However, when people
talk about stock market implications of bond yields, they rarely mention the
fact that bond yields are artificially
Perception
vs. Reality #2 Perception: Earnings Growth Has Been Strong
and Will Remain That Way Reality: Top-Line Growth Will Have to Pick
Up; Cost-Cutting has Run Its Course
Earnings growth
has certainly been robust, but much of the strength has come from companies
running lean cost structures and wringing as much efficiency as possible out of
their employees and their assets. Though the recession has ended, the economy
is not yet healthy enough to fuel strong sales growth. Companies can only boost
profits by cutting costs and increasing productivity for so long. Therefore,
top-line growth will have to play a larger role going forward than it has over
the past 4-6 quarters. Whether or not economic growth is strong enough to drive
revenue increases is unsure, but the current level of stock prices undoubtedly
assumes it is. Any stagnation of the recovery and concomitant sluggish sales
will likely hit stock prices.
Perception
vs. Reality #3 Perception: European Debt Crisis Drives
Short-Term Volatility, but It's Not a Long-Term Concern Reality: Crisis May Be a Harbinger of
What's to Come in the U.S. if States, the Feds Don't Improve Balance Sheets
So far, turmoil
in Greece and Ireland has served only as a temporary headwind to U.S. stocks.
In keeping with the investment world's increasingly short-term focus, people
seem more concerned with what fiscal crises in Europe mean for U.S. stocks over
the coming days and months than with what they might mean down the road. I
believe that this interpretation misses the mark. Since the U.S. fiscal
situtation is generally considered to be stronger than that in many European
countries, U.S. federal and municipal debt issuance has been relatively smooth,
and interest rates have only risen modestly. If the U.S. doesn't get serious
about its fiscal woes, eventually the crisis will arrive on American shores.
There's no way of telling when this might happen, but the current level of
stock prices seems to imply that it never will.
Here's the
problem with that. To fix the federal balance sheet and/or to improve state and
municipal balance sheets, legislators will have to raise taxes and/or cut
spending. Tax hikes and spending cuts both reduce consumer spending. This hurts
growth. There's no way around this. Stocks can certainly continue to rise for
some time, but austerity will be bearish if/when it comes. If it doesn't come, we're
in for a much bigger crisis some time down the road.
Perception
vs. Reality #4 Perception: Everywhere You Look, You See
Good Companies at Cheap Prices Reality: It's Hard to Find Genuine
Bargains, but There are Intriguing Short Prospects Everywhere
There is no
shortage of stock market commentators who claim that they see bargains
everywhere they look. Perhaps I'm not looking in the right places, but I've
been having a difficult and increasingly impossible time finding good companies
at reasonable prices. I use similar criteria to assess long and short
investments, and I find intriguing shorts in lots of sectors right now. This
tells me that valuations are stretched. Certainly they can become more so
before we get a selloff, but every day that stocks rally, they get more
expensive.
I've written on Seeking
Alpha about a number of stocks which I regard as expensive (CRM , OPEN , GMCR ), and take my word for it:
there are plenty more than these whose shares I do not want to own at present
levels. A few weeks ago, I also mused about the Facebook-Goldman deal and
argued that this valuation is indicative of excessive investor enthusiasm.
Bargains are hard to find, and as valuations go up, so does positive sentiment.
While this is not a prediction of an impending correction or bear market, it is
a message of caution for people who think stocks are cheap right now.
All that said, I
always try to consider both sides of any investment issue, and there are some
reasons for optimism. Job growth has shown signs of improvement, and some
economic data have been increasingly (though not uniformly) positive. The
Federal Reserve remains accommodative, and I'm skeptical about whether or not
there is political will for austerity. For these reasons, stocks could continue
onward and upward. That said, I see too many reasons for caution, and investors
are turning a blind eye to these concerns as their complacency rises.’
12
Economic Collapse Scenarios That We Could Potentially See In 2011 What
could cause an economic collapse in 2011? Well, unfortunately there are quite a
few “nightmare scenarios” that could plunge the entire globe into another
massive financial crisis. The Economic Collapse Jan
20, 2011 ‘What could cause an economic collapse in 2011? Well, unfortunately
there are quite a few “nightmare scenarios” that could plunge the entire globe
into another massive financial crisis. The United States, Japan and most
of the nations in Europe are absolutely drowning in debt. The Federal
Reserve continues to play reckless games with the U.S. dollar. The price
of oil is skyrocketing and the global price of food just hit a new record
high. Food riots are already breaking out all over the world.
Meanwhile, the rampant fraud and corruption going on in world financial markets
is starting to be exposed and the whole house of cards could come crashing down
at any time. Most Americans have no idea that a horrific economic
collapse could happen at literally any time. There is no way that all of
this debt and all of this financial corruption is sustainable. At some
point we are going to reach a moment of “total system failure”.
So will it be
soon? Let’s hope not. Let’s certainly hope that it does not happen
in 2011. Many of us need more time to prepare. Most of our families
and friends need more time to prepare. Once this thing implodes there
isn’t going to be an opportunity to have a “do over”. We simply will not
be able to put the toothpaste back into the tube again.
So we had all
better be getting prepared for hard times. The following are 12 economic
collapse scenarios that we could potentially see in 2011….
#1 U.S. debt could become a massive crisis at any
moment. China is saying all of the right things at the moment, but many
analysts are openly worried about what could happen if China suddenly
decides to start dumping all of the U.S. debt that they have
accumulated. Right now about the only thing keeping U.S. government
finances going is the ability to borrow gigantic amounts of money at extremely
low interest rates. If anything upsets that paradigm, it could
potentially have enormous consequences for the entire world financial system.
#2 Speaking of threats to the global financial system,
it turns out that “quantitative easing 2″ has had the exact opposite
effect that Ben Bernanke planned for it to have. Bernanke insisted that
the main goal of QE2 was to lower interest rates, but instead all it has done
is cause interest rates to go up substantially .
If Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt bubble that the entire global economy is
based on could burst at any time and throw the whole planet into chaos. According
to a new report from the World Economic Forum , the total amount of credit
in the world increased from $57 trillion in 2000 to $109 trillion in
2009. The WEF says that now the world is going to need another $100
trillion in credit to support projected “economic growth” over the next
decade. So is this how the new “global economy” works? We just keep
doubling the total amount of debt every decade?
#4 As the U.S. government and the Federal Reserve
continue to pump massive amounts of new dollars into the system, the floor
could fall out from underneath the U.S. dollar at any time. The truth is
that we are already starting to see inflation really accelerate and everyone
pretty much acknowledges that official U.S. governments figures for inflation
are an absolute joke. According
to one new study , the cost of college tuition has risen 286% over the last
20 years, and the cost of “hospital, nursing-home and adult-day-care services”
rose 269% during those same two decades. All of this happened during a
period of supposedly “low” inflation. So what are price increases going
to look like when we actually have “high” inflation?
#5 One of the primary drivers of global inflation
during 2011 could be the price of oil. A large number of economists are
now projecting that the price of oil could surge well
past $100 dollars a barrel in 2011. If that happens, it is going to
put significant pressure on the price of almost everything else in the entire
global economy. In fact, as
I have explained previously , the higher the price of oil goes, the faster
the U.S. economy will decline.
#6 Food inflation is already so bad in some areas of
the globe that it is setting off massive food riots
in nations such as Tunisia and Algeria. In fact, there have been reports
of people setting themselves on fire all
over the Middle East as a way to draw attention to how desperate they
are. So what is going to happen if global food prices go up another 10 or
20 percent and food riots spread literally all over the globe during 2011?
#7 There are persistent
rumors that simply will
not go away of massive physical gold and silver shortages. Demand for
precious metals has never been higher. So what is going to happen when
many investors begin to absolutely insist on physical delivery of their
precious metals? What is going to happen when the fact that far, far, far
more “paper gold” and “paper silver” has been sold than has ever actually
physically existed in the history of the planet starts to come out? What
would that do to the price of gold and silver?
#8 The U.S. housing industry could plunge the U.S.
economy into another recession at any time. The real estate market is
absolutely flooded with homes and virtually nobody is buying. This
massive oversupply of homes means that the construction of new homes has fallen
off a cliff. In 2010, only
703,000 single family, multi-family and manufactured homes were
completed. This was a new record low, and it was down 17% from the previous
all-time record which had just been set in 2009.
#9 A combination of extreme weather and disease could
make this an absolutely brutal year for U.S. farmers. This winter we have
already seen thousands of new cold weather and snowfall records set across the
United States. Now there is some very disturbing news emerging out of
Florida of an “incurable
bacteria” that is ravaging citrus crops all over Florida. Is there a
reason why so many bad things are happening all of a sudden?
#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think next to
housing this is the single most important issue in the United States and
certainly the largest threat to the U.S. economy.”
Former Los Angeles mayor Richard Riordan is convinced
that things are so bad that literally 90% of our states and cities could go
bankrupt over the next five years….
#11 Of course on top of everything else, the quadrillion
dollar derivatives bubble could burst at any time. Right now we are
watching the greatest financial
casino in the history of the globe spin around and around and around and
everyone is hoping that at some point it doesn’t stop. Today, most money
on Wall Street is not made by investing in good business ideas. Rather,
most money on Wall Street is now made by making the best bets.
Unfortunately, at some point the casino is going to come crashing down and the
game will be over.
#12 The biggest wildcard of all is war. The Korean
peninsula came closer to war in 2010 than it had in decades. The Middle
East could literally explode at any time. We live in a world where a
single weapon can take out an entire city in an instant. All it would
take is a mid-size war or a couple of weapons of mass destruction to throw the
entire global economy into absolute turmoil.
Once again,
let us hope that none of these economic collapse scenarios happens in 2011.
However, we
have got to realize that we can’t keep dodging these bullets forever.
As bad as 2010
was, the truth is that it went about as good as any of us could have
hoped. Things are still pretty stable and times are still pretty good
right now.
But instead of
using these times to “party”, we should be using them to prepare.
A really,
really vicious economic storm is coming and it is going to be a complete and
total nightmare. Get ready, hold on tight, and say your prayers.’
Poor
Recovery: The Problem Is Institutional [ Well it’s true that the problem is
institutional as in pervasively corrupt, incompetent, nonproductive in real
terms relative to their cost / damage (still no pros on the wall street fraud
which is ongoing in terms of the last crisis, the worthless paper marked to
anything, and the current bubble fraud that’s high-frequency computerized
churn-and-earn high-frequency commissioned / sold into, 360 tons of $100 bills
disappear in Iraq, etc.. What do they get paid for?) ( Peter
Schiff: Washington a parasite to economy ‘US
foreclosures hit record highs in 2010, but that may not be the worst of it.
2011 may be even worse. Meanwhile, JP Morgan Chase exceeded market
expectations, announcing a 47% rise in quarterly profits and released details
on a $28.1 billion pay and bonus pool. Peter Schiff, the President of Euro
Pacific Capital said Washington and Wall Street are becoming one force and are
sucking the underlying American dry like a parasite’ .); but the problem
is structural, as in transfer of jobs, industries, etc. (among the sources of
the huge over-compensation to wall street, company executives), never to return
in any meaningful sense; and as in the defacto bankruptcy of the nation with
insurmountable record debt / deficits or stated another way, broke. Unlike in
the past, once beyond the propaganda, rhetoric, and smoke and mirrors /
obfuscation, there is no prospective way for america to grow its way out, nor
are there funds in real money with which to do it. Quite simply, america’s
broke / bankrupt in every which way. ]
Loundsbury ‘Harold Meyerson, Op Ed Columnist at The Washington Post GEI In a column
last week, Myerson points out that the devastation of The Great Recession has
fallen disproportionately on the blue collar population, those without a
college degree. And he traces the rolling over of median family income in this
century, not just in the downturn, but since the turn of the century. Even at
the peak, in 2007, median family income was less than in 2000.
What Meyerson
doesn't point out is that average incomes have faired better in the 21st
century and in all of the past 50 years. In fact, average family income has
risen more than 2.5 times as much and median income over the last 30 years. Why
is this important? Because the more there is a fat tail of ever higher incomes
for a few, the greater the difference between average and median income
becomes.
Myerson says:
The great
sociologist William Julius Wilson
has long argued that the key to the unraveling of the lives of the African American
poor was the decline in the number of "marriageable males" as work
disappeared from the inner city. Much the same could now be said of
working-class whites in neighborhoods that may not look like the ghettos of
Cleveland or Detroit but in which productive economic activity is increasingly
hard to find.
This grim new
reality has yet to inform our debate over how to come back from this
mega-recession. Those who believe our downturn is cyclical argue that
job-creating public spending can restore us to prosperity, while those who
believe it's structural - that we have too many carpenters, say, and not enough
nurses - believe that we should leave things be while American workers acquire
new skills and enter different lines of work. But there's a third way to look
at the recession: that it's institutional, that it's the consequence of the
decisions by leading banks and corporations to stop investing in the
job-creating enterprises that were the key to broadly shared prosperity.
Since Meyerson has chosen income disparity as a
cornerstone of his argument, let's look at how incomes have grown over the last
50 years. These are shown in the following graph, not adjusted for inflation.
click to enlarge images [chart]
Real median income and average income seem to grow
similarly in the 1950s and 1960s, the growth of average income starts to pull
away in the mid-1960s and appears to continue to gain gound for the the next
40+ years. The more average income deviates from median income the more money
is found in the high income tail on the distribution curve. This is often
called a "fat tail", which is very appropriate in this discussion
because that is where the fat cats are. The fat tail has not gotten so because
ten times as many people equaled the incomes of the former fat cats, but more
because a few fat cats have received 10 times the income. This is exemplified
by the often quoted statistic that average CEO salaries were 40x average worker
pay 50 years ago and today are more like 400x.
The change income distribution that seems to be
appearing in the above graph becomes more apparent in the following graph where
real income gains are shown for the last six decades starting with the ten
years from 1949 - 1959 (the 1950s) and ending with 1999 - 2009 (the 2000s). [chart]
The 1950s and 60s were real boom years. Starting with
the 1970s a lower level of income growth was established, but even that lower
level could not be maintained in the 2000s.
After the 1950s every decade has seen average real
income grow more than the median. The fat tail has gotten fatter over the past
half century in every decade, without exception. Yes the average did decline in
the 2000s, but the median declined 76% more!
The most dramatic pattern of change is evident when
the data is divided into two halves: 1949 to 1979 and 1979 - 2009. This is done
in the following graph: [chart]
For thirty years after World War II the wealth of the
country increased in a balanced manner. The average income containing the
greater contribution from the top earners of the day, grew at a rate very
similar to the income growth of the broader population, represented by the
median.
Yes there were "fat cats" and they had
significantly larger incomes than the bulk of the population. And these top
incomes grew over those three decades, but at almost the same rate as the
majority of the populace.
Then something happened. From 1979-2009 it appears
that the American pie suddenly got smaller. In the later three decades the real
median income growth was less than 10% of the rate seen from 1949 to 1979. And
as the pie got smaller, the fat cats took a much larger share. The average
income grew at a rate 254% that of the median income. You might say that, as
the cow gave less milk, the top of the economic ladder skimmed more and more
cream off the top.
Meyerson identifies the force majuere
Our
multinational companies still invest, of course - just not at home. A study by
the Business Roundtable and the U.S. Council Foundation found that the share of the profits of U.S.-based
multinationals that came from their foreign affiliates had increased from 17
percent in 1977 and 27 percent in 1994 to 48.6 percent in 2006. As the
companies' revenue from abroad has increased, their dependence on American
consumers has diminished. The equilibrium among production, wages and
purchasing power - the equilibrium that Henry Ford famously recognized when he
upped his workers' pay to an unheard-of $5 a day in 1913 so they could afford
to buy the cars they made, the equilibrium that became the model for
20th-century American capitalism - has been shattered. Making and selling their
goods abroad, U.S. multinationals can slash their workforces and reduce their
wages at home while retaining their revenue and increasing their profits. And
that's exactly what they've done.
Meyerson doesn't get into some of the other areas
that might be brought to bear on the current condition of the American economy:
He doesn't address the fact that the U.S. ranks
below some third world countries in education. He doesn't discuss the increasing burden of
health care, both because costs have been running out of control and
because an ever increasing portion of the population is kept from making
the contribution they might have otherwise because of poor health. He doesn't discuss the capture of much potential
domestic capital by financial engineers who find it much easier to get
rich in a rigged casino than to make money the old fashioned way.
Part of the problem is that Americans have fallen
into the way of the easiest path, where, either by credit card or by making
quick trades, the desires of the moment are satisfied with no seemingly current
cost.
It seems that few want to think about the needs of
tomorrow. This is true starting with the masses who kiss off the idea of
working hard in school to prepare for what they will need 20 years down the
road. This is also true of the "capitalist" who finds that skimming a
few percent off each of many deals a year to get quick, large quarterly returns
is much easier than investing and building something that will will make much
larger returns extending over decades and producing things of real economic
utility.
There are a number of things that Meyerson does not
address, but if you want to hit one nail at a time, I think he has picked the
baddest nail in the plank. He finishes his column thusly:
Our economic
woes, then, are not simply cyclical or structural. They are also - chiefly -
institutional, the consequence of U.S. corporate behavior that has plunged us
into a downward cycle of underinvestment, underemployment and
under-consumption. Our solutions must be similarly institutional, requiring,
for starters, the seating of public and worker representatives on corporate
boards. Short of that, there will be no real prospects for reversing America's
downward mobility.
If we were to address all the other issues I mentioned
previously and did not address the institutional problem Meterson has
identified, we would not ultimately solve our economic puzzle.’
20
Shocking New Economic Records That Were Set In 2010 2010 was quite a year,
wasn’t it? 2010 will be remembered for a lot of things, but for those living in
the United States, one of the main things that last year will be remembered for
is economic decline…The Economic
Collapse Jan 14, 2011 ‘2010 was
quite a year, wasn’t it? 2010 will be remembered for a lot of things, but
for those living in the United States, one of the main things that last year
will be remembered for is economic decline. The number of foreclosure
filings set a new record, the number of home repossessions set a new record,
the number of bankruptcies went up again, the number of Americans that became
so discouraged that they simply quit looking for work reached a new all-time
high and the number of Americans on food stamps kept setting a brand new record
every single month. Meanwhile, U.S. government debt reached record highs,
state government debt reached record highs and local government debt reached
record highs. What a mess! In fact, even many of the “good”
economic records that were set during 2010 were indications of underlying
economic weakness. For example, the price of gold set an all-time record
during 2010, but one of the primary reasons for the increase in the price of
gold was that the U.S. dollar was rapidly losing value. Most Americans
had been hoping that 2010 would be the beginning of better times, but
unfortunately economic conditions just kept getting worse.
So will things
improve in 2011? That would be nice, but at this point there are not a
whole lot of reasons to be optimistic about the economy. The truth is
that we are trapped in a period of long-term economic decline and we are now
paying the price for decades of horrible decisions.
Amazingly,
many of our politicians and many in the mainstream media have declared that
“the recession is over” and that the U.S. economy is steadily improving now.
Well, if
anyone tries to tell you that the economy got better in 2010, just show them
the statistics below. That should shut them up for a while.
The following
are 20 new economic records that were set during 2010….
#1 An all-time record of 2.87
million U.S. households received a foreclosure filing in 2010.
#2 The number of homes that were actually repossessed reached
the 1 million mark for the first time ever during 2010.
#3 The price of gold moved above $1400 an ounce for the
first time ever during 2010.
#4 According to the American Bankruptcy Institute,
approximately 1.53
million consumer bankruptcy petitions were filed in 2010, which was up 9
percent from 1.41 million in 2009. This was the highest number of
personal bankruptcies we have seen since the U.S. Congress substantially
tightened U.S. bankruptcy law several years ago.
#5 At one point during 2010, the average time needed to
find a job in the United States had risen to an all-time record of 35.2 weeks .
#6 Back in 1970, 25 percent of all jobs in the United
States were manufacturing jobs. Today, only 9 percent of the jobs in the
United States are manufacturing jobs, which is believed to be a new record low.
#7 The number of Americans working part-time jobs “for
economic reasons” was the highest it has been in at least five decades
during 2010.
#8 The number of American workers that are so
discouraged that they have given up searching for work reached an all-time high near the end of 2010.
#9 Government spending continues to set new all-time
records. In fact, at the moment the U.S. government is spending
approximately 6.85 million
dollars every single minute.
#10 The number of Americans on food stamps surpassed
43 million by the end of 2010. This was a new all-time record, and
government officials fully expect the number of Americans enrolled in the
program to continue to increase throughout 2011.
#11 The number of Americans on Medicaid surpassed 50
million for the first time ever in 2010.
#12 The U.S. Census Bureau originally announced that
43.6 million Americans are now living in poverty and according to them that was
the highest number of Americans living in poverty that they had ever
recorded in 51 years of
record-keeping . But now the Census Bureau says that they
miscalculated and that the real number of poor Americans is actually 47.8 million .
#13 According to the FDIC, 157
banks failed during 2010. That was the highest number of bank
failures that the United States has experienced in any single year during the
past decade.
#14 The Federal Reserve brought in a record $80.9 billion in profits during
2010. They returned $78.4 billion of that to the U.S. Treasury, but the
real story is that thanks to the Federal Reserve’s continual debasement of our
currency, the U.S. dollar was
worth less in 2010 than it ever had been before.
#15 It is projected that the major financial firms on
Wall Street will pay out an all-time record of $144 billion in compensation for
2010.
#16 Americans now owe more than $881 billion on student loans,
which is a new all-time record.
#17 In July, sales of new homes in the United States declined to the lowest level
ever recorded .
#18 According to Zillow, U.S. housing prices have now
declined a
whopping 26 percent since their peak in June 2006. Amazingly, this is
even farther than house prices fell during the Great Depression. From
1928 to 1933, U.S. housing prices only fell 25.9 percent.
#19 State and local government debt reached at an
all-time record of 22 percent of U.S. GDP during 2010.
#20 The U.S. national debt has surpassed the 14 trillion
dollar mark for the first time ever and it is being projected that it will
soar well past 15 trillion during 2011.
There are some
people that have a hard time really grasping what statistics actually
mean. For people like that, often pictures and charts are much more
effective. Well, that is one reason I like to include pictures and graphs
in many of my articles, and below I have posted my favorite chart from this
past year. It shows the growth of the U.S. national debt from 1940 until
today. I honestly don’t know how anyone can look at this chart and still
be convinced that our nation is not headed for a complete financial meltdown….[chart]
14 Eye Opening Statistics Which Reveal Just How
Dramatically The U.S. Economy Has Collapsed Since 2007 The Economic Collapse Jan 10, 2011
Sadly,
our economic situation is continually getting worse. Every month the
United States loses more factories. Every month the United States loses
more jobs. Every month the collective wealth of U.S. citizens continues
to decline. Every month the federal government goes into even more
debt. Every month state and local governments go into even more debt.
Unfortunately,
things are going to get even worse in the years ahead. Right now we look
back on 2005, 2006 and 2007 as “good times”, but in a few years we will look
back on 2010 and 2011 as “good times”.
We
are in the midst of a long-term economic decline, and the very bad economic
choices that we have been making as a nation for decades are now starting to
really catch up with us.
So
as horrible as you may think that things are now, just keep in mind that things
are going to continue to deteriorate in the years ahead.
But
for the moment, let us remember how far we have fallen over the past few
years. The following are 14 eye opening statistics which reveal just how
dramatically the U.S. economy has collapsed since 2007….
#1
In November 2007, the official U.S. unemployment rate was just 4.7
percent. Today, the official U.S. unemployment rate is 9.4 percent
#2
In November 2007, 18.8% of unemployed Americans had been out of work for 27
weeks or longer. Today that percentage is up to 41.9%
#3
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans
#4
Nearly 10 million Americans now receive unemployment insurance, whichis
almost four times
#5
More than half of the U.S. labor force (55 percent
#6
According to one analysis, the United States has lost a total of approximately
10.5 million jobs
#7
As 2007 began, only 26 million Americans were on food stamps. Today, an
all-time record of 43.2 million Americans
#8
In 2007, the U.S. government held a total of $725 billion in mortgage
debt. As of the middle of 2010, the U.S. government held a total of $5.148 trillion
#9
In the year prior to the “official” beginning of the most recent recession in
2007, the IRS filed just 684,000 tax liens against U.S. taxpayers. During
2010, the IRS filed over a million tax liens
#10
From the year 2000 through the year 2007, there were 27 bank failures in the
United States. From 2008 through 2010, there were 314 bank failures
#11
According to the U.S. Department of Housing and Urban Development, the number
of U.S. families with children living in homeless sheltersincreased from 131,000 to 170,000
#12
In 2007, one poll found that 43 percent of Americans were living “paycheck to
paycheck”. Sadly, according to a survey released very close to the end of
2010, approximately 55 percent
#13
In 2007, the “official” federal budget deficit was just 161 billion
dollars. In 2010, the “official” federal budget deficit was approximately 1.3 trillion dollars
#14
As 2007 began, the U.S. national debt was just under 8.7 trillion
dollars. Today, the U.S. national debt has just surpassed 14 trillion dollars
So
is there any hope that we can turn all of this around?
Unfortunately,
the massive amount of debt that we have piled up as a society over the last
several decades has made that impossible.
If
you add up all forms of debt (government debt, business debt, individual debt),
it comes to approximately 360 percent of GDP. It is the biggest debt
bubble in the history of the world.
If
the federal government and our state governments stop borrowing and spending so
much money, our economy would collapse. But if they keep borrowing and
spending so much money they will continually make the eventual economic
collapse even worse
We
are in the terminal stages of the most horrific debt spiral the world has ever
seen, and when the debt spiral gets stopped the house of cards is going to
finally come down for good.
So
enjoy these times while you still have them. Yes, today is not nearly as
prosperous as 2007 was, but today is most definitely a whole lot better than
2015 or 2020 is going to be.
Sadly,
we could have avoided this financial disaster completely if only we had
listened more carefully to those that founded this nation. Once upon a
time, Thomas Jefferson said
the following
I
wish it were possible to obtain a single amendment to our Constitution. I would
be willing to depend on that alone for the reduction of the administration of
our government to the genuine principles of its Constitution; I mean an
additional article, taking from the federal government the power of borrowing.’
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy.The Economic Collapse
The financial
collapse that so many of us have been anticipating is seemingly closer then
ever. Over the past several weeks, there have been a host of ominous
signs for the U.S. economy. Yields on U.S. Treasuries have moved up
rapidly and Moody’s is publicly warning that it may have to cut the rating on
U.S. government debt soon. Mortgage rates are also moving up
aggressively. The euro and the U.S. dollar both look incredibly
shaky. Jobs continue to be shipped out of the United States at a
blistering pace as our politicians stand by and do nothing. Confidence in
U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial system.
So does this mean that we have almost reached a tipping point? Is the
world on the verge of a major financial collapse?
Let’s hope
not, but with each passing week the financial news just seems to get eve
worse. Not only is U.S. government debt spinning wildly toward a breaking
point, but many U.S. states (such as California) are in such horrific financial
condition that they are beginning to resemble banana republics.
But it is not
just the United States that is in trouble. Nightmarish debt problems in
Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European
nations threaten to crash the euro at any time. In fact, many economists
are now openly debating which will collapse first – the euro or the U.S.
dollar.
Sadly, this is
the inevitable result of constructing a global financial system on debt.
All debt bubbles eventually collapse. Currently we are living in the
biggest debt bubble in the history of the world, and when this one bursts it is
going to be a disaster of truly historic proportions.
So will we
reach a tipping point soon? Well, the following are 25 signs that the
financial collapse is rapidly getting closer….
#1 The official U.S. unemployment rate has not been
beneath 9 percent since
April 2009 .
#2 According to the U.S. Census Bureau, there are
currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being projected that the U.S. trade deficit
with China could hit 270 billion dollars
for the entire year of 2010.
#4 Back in 2000, 7.2 percent of blue collar workers
were either unemployed or underemployed. Today that figure is up
to 19.5 percent .
#5 The Chinese government has accumulated approximately
$2.65 trillion in
total foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year 2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United
States but today there are only about 65 million middle class jobs.
#7 The United States now employs about the same number
of people in manufacturing as
it did back in 1940 . Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to CoreLogic, U.S. housing prices have now
declined for
three months in a row .
#9 The average rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to push
higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent of all residential mortgages in the
United States were in negative equity as of the end of the third quarter
of 2010.
#11 The U.S. monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury yields have been rising steadily
during the 4th quarter of 2010 and
recently hit a six-month high .
#13 Incoming governor Jerry Brown is scrambling to find
$29 billion more to cut from the California state budget. The
following quote from Brown about the desperate condition of California
state finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been
living in fantasy land. It is much worse than I thought. I’m shocked.”
#14
24.3
percent of the residents of El Centro, California are currently unemployed.
#15
The average home in Merced, California has declined in value by
63 percent over the past four years.
#16
Detroit Mayor Dave Bing has come up with a new way to save money. He
wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17
The second most dangerous city in the United States – Camden, New Jersey – is
about to lay off about
half its police in a desperate attempt to save money.
#18
In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19
Back in 1998, the United States had 25 percent of the world’s high-tech export
market and China had just 10 percent. Ten years later, the United States had
less than 15 percent and China’s share had soared to 20 percent .
#20
The U.S. government budget deficit increased to a whopping $150.4 billion last
month, which represented the biggest November budget deficit on record .
#21
The U.S. government is somehow going to have to roll over existing debt and
finance new debt that
is equivalent to 27.8 percent of GDP in 2011.
#22
The United States had been the leading consumer of energy on the globe for
about 100 years, but this past summer China took over the number one spot .
#23
According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the profession
over the next three years.
#24
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25
All over the United States, local governments have begun instituting “police
response fees”. For example, New York Mayor Michael Bloomberg has come up
with a plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
16
Nightmarish Economic Trends To Watch Carefully In 2011 The
American Dream Dec 15, 2010 ‘If you only watch the “economic pundits” on
television, it can be very confusing to figure out exactly what is happening
with the U.S. economy. One pundit will pull out a couple statistics that
got a little bit better over the past month and claim that we have entered a
time of solid recovery. Another pundit will pull out a couple statistics
that got a little worse over the past month and claim that we are headed for
trouble. So what is the truth? Well, if you really want to get a
clear idea of what is really going on you have to look at the long-term
trends. There are some economic trends which just keep getting worse year
after year after year, and it is those trends that tell the real story of the
decline of our economic system.As you examine
the long-term trends, you quickly come to realize that the U.S. is trapped in
an endless spiral of debt, the middle class is being wiped out, the U.S. dollar
is being destroyed and America is rapidly becoming a post-industrial wasteland.
Posted below
are 16 nightmarish economic trends to watch carefully in 2011. It is
becoming exceedingly apparent that unless something is done rapidly we are
heading for an economic collapse of unprecedented magnitude….
#1 Do you want to see something scary? Just check
out the chart below. Since the beginning of the economic downturn, the
U.S. monetary base has more than doubled. But don’t worry – Federal
Reserve Chairman Ben Bernanke has promised us that this could never cause
inflation. In fact, Bernanke says that we need to inject even more
dollars into the economy. So if you are alarmed by the chart below, you
are just being irrational according to Bernanke….
[chart]
#2 Thousands of our factories, millions of our jobs and
hundreds of billions of dollars of our national wealth continue to be shipped
overseas. In 1985, the U.S. trade deficit with China was 6 million dollars
for the entire year was over 28 billion . Nobel economist Robert W.
Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the
year 2040 if current trends continue.
#3 The United States is rapidly becoming a
post-industrial wasteland. Back in 1959, manufacturing represented 28
percent of all U.S. economic output. In 2008, it represented only
11.5 percent and it continues to fall. Sadly, the truth is that America
is being deindustrialized. As of the end of 2009, less
than 12 million Americans worked in manufacturing. The last time that
less than 12 million Americans were employed in manufacturing was in 1941.
#4 The number of Americans that have been out of work
for an extended period of time has absolutely exploded over the last few
years. As 2007 began, there were just over 1 million Americans that had
been unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#5 The middle class continues to be squeezed out of
existence. According to a poll
taken in 2009 , 61 percent of Americans ”always or usually” live
paycheck to paycheck. That was up substantially from 49 percent
in 2008 and 43 percent in 2007.
#6 The number of Americans living in poverty is
absolutely skyrocketing. 42.9 million Americans are now on food
stamps, and one out of every six Americans is now enrolled
in at least one anti-poverty program run by the federal government.
Unfortunately, many of those that have been hardest hit by this economic
downturn have been children. According to one new study,
approximately 21 percent of all children in the United States are
living below the poverty line in 2010 - the highest rate in 20 years.
#7 Many American families have been pushed beyond the
breaking point during this economic downturn. Over 1.4 million Americans
filed for personal bankruptcy in 2009, which represented a
32 percent increase over 2008 . The final number for 2010 is expected
to be even higher.
#8 The U.S. real estate market continues to
stagnate. During
the third quarter of 2010 , 67 percent of mortgages in Nevada were
“underwater”, 49 percent of mortgages in Arizona were “underwater” and 46
percent of mortgages in Florida were “underwater”. So what happens if
home prices go down even more?
#9 More elderly Americans than ever are being forced to
put off retirement and continue working. In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent.
Unfortunately, it looks like this problem will only get worse in the years
ahead. In America today, approximately half of all workers have
less than $2000 saved up for retirement.
#10 In the United States today, there are simply far too
many retirees and not nearly enough workers to support them. Back in 1950
each retiree’s Social Security benefit was paid for by 16
workers. Today, each retiree’s Social Security benefit is paid for
by approximately 3.3 workers. By 2025 it is projected that
there will be approximately two workers for each retiree.
#11 Financial assets continue to become concentrated in
fewer and fewer hands. For example, the “big four” U.S.
banks (Citigroup, JPMorgan Chase, Bank of America and Wells
Fargo) had approximately 22 percent of all deposits in FDIC-insured
institutions back in 2000. As of the middle of 2009 that figure was up to 39 percent .
#12 The Federal Reserve has been destroying the value of
the U.S. dollar for decades. Since the Federal Reserve was created in
1913, the U.S. dollar has lost over 95 percent of its purchasing power.
An item that cost $20.00 in 1970 would cost you $112.35 today. An item
that cost $20.00 in 1913 would cost you $440.33 today.
#13 Commodity prices continue to soar into the
stratosphere. Ten years ago, the price of a barrel of oil hovered around 20 to 30
dollars most of the time. Today, the price of oil is rapidly closing
in on 100 dollars a barrel and there are now fears that it could soon go much
higher than that.
#14 Federal government spending is completely and
totally out of control. The U.S. government budget deficit increased to a
whopping $150.4 billion last month, which represented the biggest November deficit on record . But our
politicians can’t seem to break their addiction to debt. In fact,
Democrats are trying to ram through a
1,924 page, 1.1 trillion dollar spending bill in the final days of the
lame-duck session of Congress before the Republicans take control of the House
of Representatives next year.
#15 The U.S. national debt is rapidly closing in on 14 trillion dollars . It is more
than 13 times larger than it was just 30 short years ago. According to an
official U.S. Treasury Department report to Congress, the U.S. national
debt is projected to climb
to an estimated $19.6 trillion by 2015 .
#16 Unfortunately, the official government numbers
grossly understate the horrific nature of the crisis we are facing. John
Williams of Shadow Government Statistics has calculated that if the federal
government would have used GAAP accounting standards to measure the federal
budget deficit for 2009, it would have been approximately 8.8
trillion dollars . Not only that, but John Williams now says that U.S.
government debt is
so wildly out of control that it is mathematically impossible for us to
“grow” our way out of it….
The
government’s finances not only are out of control, but the actual deficit is
not containable. Put into perspective, if the government were to raise
taxes so as to seize 100% of all wages, salaries and corporate profits, it
still would be showing an annual deficit using GAAP accounting on a consistent basis.
In like manner, given current revenues, if it stopped spending every
penny (including defense and homeland security) other than for Social Security
and Medicare obligations, the government still would be showing an annual
deficit. Further, the U.S. has no potential way to grow out of this
shortfall.
The more one examines the U.S. economic situation,
the more depressing it becomes. The U.S. financial system is trapped
inside a horrific debt spiral and we are headed straight for economic
oblivion.
If our leaders attempt to interrupt the debt spiral
it will plunge our economy into a depression. If our leaders attempt to
keep the debt spiral going for several more years it will just make the
eventual crash even worse. Either way, we are headed for a financial
implosion that will be truly historic.
The debt-fueled good times that we have been enjoying
for the last several decades are rapidly coming to an end. Unfortunately
for the tens of millions of Americans that are already suffering, our economic problems
are only going to get worse in the years ahead.’
Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? Economic
Collapse Blog Dec 4, 2010 ‘Guess what? Unemployment is up
again! That’s right – even though Wall Street is swimming in cash and the
Obama administration is declaring that “the recession is over”, the U.S.
unemployment rate has gone even higher ... Times are really, really tough and
unfortunately the long-term outlook is very bleak. We should have
compassion on those who are out of work right now, because soon many of us may
join them.The following
are 25 unemployment statistics that are almost too depressing to read….
#1 According to the Bureau of Labor Statistics, the
U.S. unemployment rate for November was 9.8
percent . This was up from 9.6 percent in October, and it continues a
trend of depressingly high unemployment rates. The official unemployment
number has been at 9.5 percent or higher for well over a year at this point.
#2 In November 2006, the “official” U.S. unemployment
rate was just 4.5
percent .
#3 Most economists had been expecting the U.S. economy
to add about 150,000 jobs in November. Instead, it
only added 39,000 .
#4 In the United States today, there are over 15
million people who are “officially” considered to be unemployed for statistical
purposes. But everyone knows that the “real” number is even much larger
than that.
#5 As 2007 began, there were just over 1 million
Americans that had been unemployed for half a year or longer. Today,
there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of “persons not in the labor force” in
the United States recently
set another new all-time record .
#7 It now takes the average unemployed American over
33 weeks to find a job.
#8 When you throw in “discouraged workers” and
“underemployed workers”, the “real” unemployment rate in the state of
California is
actually about 22 percent .
#9 In America today there are not nearly enough jobs
for everyone. In fact, there are now approximately
5 unemployed Americans for every single job opening.
#10 According
to The New York Times , Americans that have been unemployed for five weeks
or less are three times more likely to find a new job in the coming month than
Americans that have been unemployed for over a year.
#11 The U.S. economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession levels
by 2016. Does anyone think that there is even a prayer that is going to
happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total wages, median wages, and average
wages all
declined in the United States.
#14 As of the end of 2009, less than 12 million
Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959, manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5
percent.
#18 Earlier this year, one poll found that 28% of all American households had at least one member that
was looking for a full-time job.
#19 In the United States today, over
18,000 parking lot attendants have college degrees.
#20 The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the employment situation continues to stagnate,
millions of American families have decided to cut back on things such as insurance
coverage. For example, the percentage of American households that have
life insurance coverage is at its lowest level in
50 years .
#22 Unless Congress acts, and there is no indication
that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that was released by the Pew Research Center
back in June discovered that an
astounding 55 percent of the U.S. labor force has
experienced either unemployment, a pay decrease, a reduction in hours
or an involuntary move to part-time work since the economic downturn
began.
#24 According to Richard McCormack, the United States
has lost over
42,000 factories (and counting) since 2001.
#25 In the United States today, 317,000
waiters and waitresses have college degrees.
But this is
what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging
a deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt . We were fools if we ever thought this could go on forever.
Just think about it. Have you ever gone out and run up a bunch of
debt? It can be a lot of fun sitting behind the wheel of a new car,
running your credit cards up to the limit and buying a beautiful big house that
you cannot afford. But in the end what happens? It always catches up with you.
Well, our collective debt is starting to catch up with us. There is a sea
of red ink on every level of American society. It is only a matter of
time before it destroys our economy. IF YOU THINK THAT
THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT
WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE
VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
17 Things Worrying
Investors Lloyd's Wall of Worry stock exchange Million Dollar
LiveLeak.com - Loonie closes above U.S. dollar … dollar for first time closes below parity on Canadian
loonie … hey, hey, hey … 'Huge' stock decline — but not yet MarketWatch
- Brimelow ‘Oh come on! Manipulated dollar decline with inflated
earnings, stock prices thereby, etc., … we’ve seen this all before … the last
few crashes … Jobless
rate jumps to 9.8% as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s
been thrown under the bus for the greater good (wealth) of the very few (frauds
on wall street, etc.); wall street giving out record bonuses from
their accomplished fraud (with no-recession b.s. bernanke help) of $144
BILLION: Come on! This is gettin’ even more downright ridiculous (if that’s
even possible)! Pending home foreclosure / distress sales up, oil prices (and
oil stocks) up, debased dollar down, plus a little familiar ‘better than
expected’ thrown in along with prospects of a ‘no-recession bernanke’
market-frothing bull session on 60 minutes and, voila, suckers’ rally into the
close to keep the suckers suckered! What’s good for the frauds on wall street
is bad for just about everyone else which includes the vast majority of people
and businesses, domestically and globally, as current dollar manipulation /
debasement ultimately results in higher costs and loss of purchasing power
(ie., oil, etc.). Clearly, this is one of those fraudulent wealth transfers to
the frauds on wall street et als which will ultimately be paid for by those who
least are in a position to afford it, courtesy of the ever more worthless
Weimar dollar, etc., inflating earnings, eps, lowering p/e multiples, etc., see
infra. This is an especially great time to sell / take profits while you can
since there's much worse to come! Previous: Rosy numbers on consumer sentiment,
unemployment (far better than private forecasts) from the government prior to the
holiday so-called ‘shop till you drop’? How can anyone believe anything they
say? Najerian interviewed by Motek chimes in with the reason for good retail
cheer; viz., people have stopped paying their mortgages and are using the funds
to purchase retail goods; while Davidowitz adds that with record numbers of
americans on food stamps, real unemployment at 17+, and wall street giving out
record bonuses from their accomplished fraud (with no-recession b.s. bernanke
help) of $144 BILLION … the high end
stores / jewelers will do well … daaaaah! And, with insiders and wall street frauds selling into the bubble as
preceded last crash, this is an especially great opportunity to sell / take
profits! Suckers’ rally on light volume,
full moon, and government complicity (false data / reports) to keep suckers
suckered (easy for the wall street frauds to do with just a mouse click / push
of the button – and, they know all those technical trade lines that are easy to
program in this current phase of the scam/fraud with the debased dollar). Keep
in mind, the totally mindless blather from the ‘cottage industries’ of and
fraudulent wall street itself in talking up lower P/E multiples when the same
is a direct result of the debasement of the dollar and the consequent manipulation
/ translation (not real, see Davis, infra) which preceded the financial crisis
/ last crash. Unemployment, trade, deficit, etc., numbers continue decidedly
worse than expected along with other negative data (and in the ‘wrong
direction’, that spin accorded ‘down but not as bad as before’ b*** s*** ) yet
the market has rallied like no tomorrow with used home foreclosure / distressed
sales, though abated owing to ‘foreclosuregate’, the other ‘heralded’ good
news. Moreover, the dumbo lemmings of
Europe have jumped on the fraudulent defacto bankrupt american crazy train
propelled to the precipice also as if no tomorrow. This is about keeping the
suckers sucked in with the help of a market-frothing pre-election debased
dollar for favorable currency translation and paper (but not real when measured
in, ie., gold, etc.) profits which preceded the last crisis, inflating a bubble
as in the last crisis to facilitate the churn-and-earn, particularly with
computerized (and high frequency) trades and which commissions they’ll get
again on the way down. There is nothing to support these overbought stock
prices, fundamentally or otherwise. These are desperate criminals ‘at work’.
Even wall street shill, the senile Buffett is saying we’re still in a recession
(depression) [ Davis: ‘… all
profits are inflated by 10% (from falling, debased dollar) and that 10% is the
E that gets divided from the P and gives us a much better price/multiple to
hang our hats on and that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall
street b.s. when measured in gold This is a great
opportunity to sell / take profits (these lower dollar, hyperinflationary
currency manipulations / translations to froth paper stocks will end quite
badly as in last crash)! This
is a global depression. This is a secular bear market in a global depression.
The past up moves were manipulated bull (s***) cycles (at best) in a secular
bear market. This has been a typically manipulated bubble as has preceded the
prior crashes with great regularity that the wall street frauds and insiders
commission and sell into. This is a typical wall street ‘programmed
computerized high-frequency churn and earn pass the hot potato scam / fraud as
in prior crashes ( widely reported )’. This national decline, economic and
otherwise, will not end until justice is served and the wall street frauds et
als are criminally prosecuted, jailed, fined, and disgorgement imposed.The Stock Market's
Long Decline Has Begun Smith
47
Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting
The Stage For A Global Economic Meltdown In 2012 Is the world approaching a
devastating global economic meltdown? Right now there are a large number of
factors that are creating economic stress points all over the globe.‘The
American Dream Feb 16, 2011 Is the world approaching a devastating global
economic meltdown? Right now there are a large number of factors that are
creating economic stress points all over the globe. All of the crazy
money printing that the Federal Reserve and other central banks have been doing
is putting inflationary pressure on agricultural commodities, oil and precious
metals. Massive floods, horrific droughts and extreme weather patterns
all over the globe are ruining crops and creating food shortages. Some
nations are now actually hoarding food, and in other nations rising prices have
sparked food riots. The price of oil has been moving back towards $100 a
barrel, and if it stays at a high level for an extended period of time that is
going to have very serious consequences for the global economy. In
addition, the growing sovereign debt crisis could erupt again at any
time. Half a dozen nations in Europe are on the verge of insolvency,
Japan’s national debt is now well over 200 percent of GDP, and the global
financial system is growing increasingly concerned about the exploding national
debt of the United States. The truth is that the entire world financial
system is a house of cards balanced on a razor’s edge and it could come down at
any time.Sadly, very
little has changed since the world financial system experienced almost a
complete meltdown back in 2008. Global financial markets are still a
whirlpool of debt and speculation. One really bad week could put us right
back where we were prior to the infamous Wall Street bailouts. Very
little in our world is truly stable anymore. As we have seen recently in
Egypt, the globe can literally change almost overnight. All it would take
is for one really bad event to happen and world financial markets would
instantly start imploding.
So when will
the coming economic collapse happen? Nobody knows for sure, but the fact
that the global economy is increasingly becoming less stable as we approach the
year 2012 is making a lot of people very nervous.
The following
are 47 statistics that indicate that economic stress points in 2011 could be
setting the stage for a global economic meltdown in 2012….
#1 According to the United Nations, global food
prices set a new all-time record
during the month of January.
#2 In early February the worst freeze in 60
years wiped out entire crops all across the southwestern U.S. and northern
Mexico. Already, it has been reported that some U.S. supermarkets have
doubled or even tripled prices for certain produce items.
#3 It is being reported that due to the recent horrible
freeze in Mexico cases of tomatoes that would usually cost shop owners between
12 and 15 dollars are now going for up to $40 .
#4 One of China’s key agricultural provinces is facing
its worst drought in 200 years .
#5 The Food and Agriculture Organization says that up to
two-thirds of China’s wheat crop could be at risk of failing due to weather
conditions.
#6 Officials in Mexico are estimating that four million
tons of corn have been lost because of the recent freeze. That represents
a full 16 percent of Mexico’s annual corn harvest.
#7 The price of corn has doubled over the last six months
and it recently hit a new all-time high .
#8 The U.S. Department of Agriculture has announced
that corn supplies are the tightest that they have been in 15 years .
#9 It appears that Chinese imports of corn will
be about 9 times larger than the
U.S. Department of Agriculture originally projected them to be for 2011.
#10 The price of wheat has more than doubled over
the past year and it hit a 30-month high on Monday.
#11 In the event of a global catastrophe, current global
stockpiles of wheat would only be able to feed the world for 82 days .
#12 According to Forbes , the price
of soybeans is up about 50% since last June.
#13 The price of cotton has more than doubled over
the past year.
#14 The commodity price of orange juice has doubled since 2009.
#15 The price of sugar is the highest it has been in 30 years .
#16 The United Nations is projecting that the global
price of food will increase by
another 30 percent by the end of 2011.
#17 In the U.K., the official rate of inflation is now twice as high as the
target rate of inflation.
#18 Inflation in China is starting to get out of
control. For example, food prices in China rose 10.3 percent during the
month of January.
#19 Almost 14 percent of all credit
card accounts in the United States are currently 90 days or more delinquent.
#20 New home sales in the state of California were
at the lowest level ever
recorded in the month of January.
#21 According to the U.S. Bureau of Labor Statistics,
the number of job openings in the United States declined for a second straight month
during December.
#22 Average household debt in the United States has now
reached a level of 136% of average household income.
#23 It is estimated that there are about 5 million
homeowners in the United States that are at least two months
behind on their mortgages, and it is being projected that over a million
American families will be booted out of their homes this year alone.
#24 Today, 46% of all Americans carry a
credit card balance from month to month.
#25 700,000 Americans have signed up for a credit card
that has interest rates that go as high as 59.9% .
#26 Americans now owe more than $889 billion on student loans,
which is even more than they owe on credit cards.
#27 The FDIC is “insuring” U.S. bank deposits that total
5.4 trillion dollars with a deposit insurance fund that is currently sitting at
approximately negative 8 billion dollars .
#28 The Social Security trust fund will run a deficit
of 56 billion dollars this
year. Just a couple of years ago government planners were promising that
we would not have any Social Security deficits until at least 2016 or 2017.
#29 When you adjust wages for inflation, middle class
workers in the United States make less money today than they did back in 1971 .
#30 4.2 million Americans have
been unemployed for one year or longer at this point.
#31 The number of Americans that have become so
discouraged that they have given up searching for work completely now
stands at an all-time high .
#32 According to a recent Gallup poll, 35 percent of Americans
believe that unemployment is currently the most important problem in the United
States. Another 29 percent believe that the economy is currently our
biggest problem.
#33 Gallup also says that 19.6 percent of the workforce in
America is currently either unemployed or underemployed.
#34 The U.S. government says that 504,000 Americans “dropped out of
the labor force” in January.
#35 The Obama administration is projecting that the
federal budget deficit will be 1.65 trillion dollars for
fiscal 2011.
#36 It is estimated that the total U.S. national
debt will be greater
than 100 percent of GDP by the end of this fiscal year.
#37 The U.S. government relies on foreign nations such
as China and Japan to finance 40 percent of all new government debt.
#38 State and local government debt is now sitting at an
all-time high of 22 percent of U.S. GDP.
#39 The Chinese are now hoarding gold like there is no
tomorrow. In fact, Chinese demand for gold has now risen to
approximately 25% of total global production .
#40 According to
a recent report from the World Economic Forum , the world is going to need
another $100 trillion in credit to support projected “economic growth” over the
next decade.
#41 According to the U.S. Conference of Mayors, visits
to soup kitchens are up 24 percent over the past
year.
#42 One out of every seven
Americans is now on food stamps.
#43 One out of every six elderly
Americans now lives below the federal poverty line.
#44 During the last school year, almost half of all school children in
the state of Illinois came from families that were considered to be
“low-income”.
#45 According to a survey released very close to the end
of 2010, 55 percent of all Americans are now living
paycheck to paycheck. A major economic downturn could quickly wipe out
millions of families.
#46 Gasoline prices in the United States are now the
highest that they have ever been
in the middle of February.
#47 Faith in our economic system continues to
decline. According to one new report, only 26 percent of
Americans now trust the U.S. financial system.’
Video: Why Isn’t
Wall St. in Jail? [ This truly will prove to be the story of the century
(albeit an abbreviated one and a turning point toward america’s intractable
decline) owing to what will ultimately be the lynch-pin of global economic /
financial collapse ushering in an era of great scarcity in more ways than can
be imagined. The pervasively corrupt, defacto bankrupt american nation /
government has literally underwritten this massive fraud at the expense of the
vast majorities directly and indirectly, precluded prosecution while
obfuscating the substantial crimes, literally becoming accomplices thereby.
There is absolutely no excuse for what is essentially a defalcation and
abrogation of duty. I was watching a somewhat obscure film recently which
(though elsewhere on this page and site I’ve set forth alarming crime
statistics clearing showing america as number 1 in all categories by wide
margins) which set forth the statistic that america has 85% of the world’s
serial killers (and I’d go further in saying it is likely that america has a
similar lead in war crimes, etc.) ] MSNBC
US troops set
for longer Afghan stay [ Defacto bankrupt america can afford it …
riiiiight! ] FT.com
Saudis Worried
Protests Will Hit Home [ For the
sake of the saudi Arabian people, more than just protests should come to
fruition! ] AFP
Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect;
far less than democratic and far more deadly in the mideast among other places;
talk about hypocrites. How does one family claim ownership of all the oil
reserves of a sovereign nation as the saudis; time for the saudis to go the way
of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily News Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up by
and to shill for a declining, fallen nation in the most corrupt regions of the
country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real estate
(and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump
also said america’s become the laughingstock of the world … true enough … and
trump the biggest joke … Indeed, that trump even posits the possibility of a
run when he should be in jail is a testament to just how big a laughingstock
pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly bureaucracies.
Rules of law mean nothing to these typically corrupt americans. Most, including
sam alito of the u.s. supreme court, concerning drug money laundering and
obstruction of justice in the 3rd circuit ( also maryanne trump
barry who covered-up drug money laundering through her brother’s casinos in a
civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the
money, personal money, big, cash, untraceable money. The fog of war is great
for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes Infowars.com February 15, 2010The testimony
of Norman Mineta
before the 9/11 Commission leaves compelling questions about former Vice
President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s
account of arriving later.During the CPAC conference, WeAreChange.org confronted Cheney about
these questions, which he refused to address.“Hey
Mr. Cheney, what did you do in the underground bunker on 9/11? Dick Cheney we
know what you did on 9/11 with the standdown order. Norman Mineta testified
against you on the 9/11 Commission report. What happened on 9/11?” Luke Rudkowski and James Lane of We Are
Change confront Dick Cheney in Washington D.C. at CPAC 2/10/2011. Click each document for a larger image admittedly
elevated terror alerts throughout the Bush administration to stoke the fear
card and score political dominion alone is reason to justify this label. The
implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the event of a
hijacked aircraft was changed in June 2001, including subjecting NORAD’s
response to DoD approval (SEE BELOW).Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was given
the “Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane
was coming into the Pentagon, there was a young man who would come in and say
to the Vice President…the plane is 50 miles out…the plane is 30 miles out….and
when it got down to the plane is 10 miles out, the young man also said to the
vice president “do the orders still stand?” And the Vice President turned and
whipped his neck around and said “Of course the orders still stand, have you
heard anything to the contrary!?’
Drudgereport:
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... BUDGET
WOES FORCE STATES TO CONSIDER ABOLISHING '12 PRESIDENTIAL PRIMARIES... STATE
BUDGETS ON THE BRINK: CA, TX, IL, NY, NJ... OBAMA
BACKS UNION UPROAR PELOSI
BACKS PROTESTERS: 'I STAND IN SOLIDARITY'... WISC
GOV: 'NOT GOING TO BE BULLIED, INTIMIDATED'... Orders
state troopers to bring Dems to Capitol... 'There
Is Fear For Scott Walker's Safety'... Dem
Sen: We'll stay away for weeks... WALKOUT:
Milwaukee Schools closed; teachers call in 'sick'... REPORT:
Average city teacher compensation tops $100,000... PAPER:
GET BACK TO WORK! DNC
playing role in protests... Jesse
to the Rescue: Jackson rallies protesters... 'A
real Martin Luther King moment'... Union
Fight Heats Up... Republicans
vow to cut spending in state capitols... Protests
Spread to Ohio... Michigan... 'Coming
To Minnesota'... Idaho
offical target of threats over education reform plan... Egypt
in America? 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States... Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that
hill … We’ve known that for quite some time along with their illegal nukes, war
crimes, etc…The whole world knows that hill… so don’t just talk about it … DO
SOMETHING! ] ...
Offended
Mubarak refuses calls from Obama... Ahmadinejad:
Obama can't spell his own name (True … it’s ‘w o b a m a’ with ‘the b for b*** s***’ his surname … he’s
so pathetic and a total caricature / joke!) ... Egypt's
protests flare despite military warning... Libya
set for 'day of anger'... Thousands
of police confront protesters in Yemen... Riot
police storm Bahrain camp; 2 reported dead... ABCNEWS
Correspondent Beaten... 100
Egyptians reach Italy amid Arab exodus... CARTER:
Muslim 'hood nothing 'to be afraid of'... PAPER:
Senate hearing turns into farce as American ignorance on Egypt revealed... USA TO REBUKE ISRAEL AT UN Poll:
Majority of Republicans Doubt Obama's Birthplace... Agents
Shot in Mexico... WORRIES
OBAMA OFFICIALS... ICE
IN VICE... GAO:
Feds have 'operational control' of 44% of border; just 15% 'air tight'... DAY
3: 'Watson' the computer creams human 'JEOPARDY!' champs... REPORT: Steve Jobs receiving
treatment at cancer center... PAPER: 'Reportedly sicker
than previously admitted'... ISSA MAKES A MOVE: New
subpoena seeks records on sweetheart loans... U.S.
Government Shuts Down 84,000 Websites, ‘By Mistake’ 'Kill Switch' Internet bill
alarms privacy experts... GOP BLASTS FCC NET RULES...
TSA agents busted at JFK for
stealing $160,000 from bags...
Hillary
Clinton donors indicted... Man
mugs 96-year-old -- for $5... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... Muslim
Bros plan political party... Present
Two Faces... Pakistan
Islamists warn of protests if US prisoner freed... SECSTATE
JR: Sen Kerry arrives in Pakistan, expresses 'regret', 'sorrow'... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL World
Bank: Food prices at 'dangerous levels'... Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi... Berlusconi
indicted in prostitution probe...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum... Boy
wrestler forfeits match to female opponent...
Bank
regulators update Senate (Washington Post) [ Update,
riiiiight! … sounds like a plan! … for the spectator sport called the u.s.
senate … what an over-rated, over-compensated, over-stayed bunch of incompetent
boobs. Time for shorter terms and term limits for these failed, flawed, and
venal politicians; along with the paycuts they richly deserve. Their solution
to most problems … leave it to the perps as they bilk the nation but contribute
mightily to their campaign funds. ] Lawmakers hope to set nationwide
requirements for foreclosures. Boehner
draws line on spending bill (Washington Post)
[ Lines … riiiiight! … republicans are great ones for drawing lines … Poppy
bush’s line in sand ( everyone who really knows the real story knows that
bush’s cia station chief, april glaspie gave sadam hussein the green light to
invade Kuwait over their dispute concerning Kuwait’s slant-drilling of Iraqi
oil reserves … to contrive the conflict. ), lines of war-criminal dumbya bush
of with us or aggin’ us, etc., but we can thank both parties in terms of their bi-partisan contribution to
ever-growing unemployment LINES. Yes,
unemployment numbers were quite bad this day, but the frauds on wall street
with fed help you’ll ultimately pay for rallied anyway. Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? Economic
Collapse Blog ‘Guess what? Unemployment is up again! That’s
right – even though Wall Street is swimming in cash and the Obama
administration is declaring that “the recession is over”, the U.S. unemployment
rate has gone even higher ... Times are really, really tough and unfortunately
the long-term outlook is very bleak. We should have compassion on those
who are out of work right now, because soon many of us may join them.The
following are 25 unemployment statistics that are almost too depressing to
read…. See infra for list
Stock Melt-Up Continues to Ignore Warnings [ While I generally warn against
short-selling as an investment strategy for all but the most successful
speculators (there are very, very few), if there ever was a time to try your
luck at same, that time is now! We’re now beyond the absurd in these
overbought, overvalued, contrived, manipulated markets. See also, Dave infra,
‘…Further, the Philly Fed
(riiiiight … that global hub of manufacturing activity) came in much higher
than expected although inside the numbers the prices paid vs prices received
disparity was the greatest since 1979. That wasn't a great time for corporate
profits. Even though there's some "discussion" within the Fed over
the effectiveness of QE operations another heavy dose of POMO
was released to trading …’ Why Isn’t Wall Street
in Jail? Matt Taibbi |
Financial crooks brought down the world’s economy — but the feds are doing more
to protect them than to prosecute them. ( This is not a too big to fail, but a
too willing to pay bribes to jail - reality. This really is beyond the pale,
particularly when they trumpet prosecution of $225 million in medicare frauds
while wall street’s continuing fraud in the trillions remains unprosecuted –
there is no excuse whatsoever – pervasively corrupt, defacto bankrupt america
is done!).
] Minyanville
‘Suttmeier, chief market strategist at ValuEngine.com : The stock melt-up has the major equity
averages above this week’s pivots putting the focus on the Nasdaq and its
quarterly risky level at 2853. The Dow Transports broke above the potential
double-top. Stocks are ignoring the ValuEngine Valuation Warning and extreme
overbought technical market indicators. The 10-Year yield failed at my weekly
risky level at 3.568 after holding my annual value level at 3.791 last week.
Comex gold is above my annual pivot at $1356.5 and closed above its 50-day
simple moving average
The Dow Industrial Average (12,288) remains extremely overbought and
closed above its weekly pivot at 12,274 testing 12,303.16. The 21-day
simple moving average rises to 12,063 with today’s risky level at 12,399. The S&P 500 (1336.3) closed above its weekly pivot at
1335.6, setting a new high for the move at 1337.61. The 21-day simple
moving average rises to 1306.1 with today’s risky level at 1344.4. The Nasdaq (2826) closed back above this week’s pivot at 2811 with my
quarterly risky level at 2853. The 21-day simple moving average rises to 2756
with today’s risky level at 2840. Dow Transports (5286) tested and held its weekly pivot at 5206
on Tuesday, then breaks above its January 18 high at 5256.80 to 5306.54 on
Wednesday. Today’s risky level is 5317. The Russell 2000 (828.37) is above its weekly pivot at 811.80
with its July 2007 high at 862.00. Today’s risky level is 837.39.
This also means that 67.6% of all
stocks are overvalued. 10-Year Note -- (3.619) Is between my annual value level at 3.791 and my
weekly risky level at 3.568.Comex Gold -- ($1375.3) My annual pivot is $1356.5 with the 50-day simple
moving average at $1372.2 with my monthly risky level at $1412.4.Nymex Crude Oil -- ($85.00) Continues to trade below my semiannual pivot
at $87.52 and is now oversold on its daily chart with today’s value level at
$82.85.The Euro -- (1.3567) Still above its 50-day simple moving average at
1.3377 with my weekly risky level at 1.3636.Housing Starts and Permits Remain Soft -- Housing Starts increased 14.6%
in January, but the gain was entirely due to a 77.7% increase in the
multifamily sector. Single family starts declined 1.0% to a 413,000 annual rate
with single family permits down 4.8%. Overall building permits declined 10.4%.More Information From the NAHB Housing Market Index -- If you look at
the National Association of Home Builders Housing Market Index going back to
1985 it never went below 20 until October 2007. During the 1988 to 1992
mini-crisis the lowest reading was 20 in January 1991. For the current popping
of the housing bubble this index peaked at 72 in June 2005, when the CEOs of the
publicly traded home builders described the housing market as the best they
have ever seen.credit The Mortgage Bankers Association reported that their weekly Mortgage
Applications Survey decreased 9.5% with the Refinance mortgage rate The only thing that QE2 has done
is inflate an equity market to an overvalued and overbought inflating financial
bubble! The minutes from the latest Fed Meeting indicates that unemployment
and tight credit conditions continues to be a drag on the housing market. History
repeats: Housing peaked in mid-2005 and the recovery has been nil.
Community banks peaked at the end of 2006, and Bank Failure Friday continues.
Regional Banks peaked in March 2007, and toxic assets remain in the banking
system. Fed policy with that ridiculously low funds rate and QE2 is masking
problems that will still plague the US economy for the next several years.’
]
Imams
wage political battle against U.S. (Washington Post) [ Yeah!
Are not these native Afghans freedom fighters in the highest, truest, and most
noble sense of the term. I mean, pervasively corrupt / defacto bankrupt
america’s destructive and corrupting influence is unequivocal (including the
resurgent heroin trade that had all been eradicated by the Taliban). This
unlawful incursion is a lose, lose scenario for all parties; and, america’s /
israel’s / nato’s zionist aspirations in the region are among the most
self-destructive, self-defeating policies in world history. ] For the U.S. government, and for the
100,000 American troops fighting in Afghanistan, the messages delivered last
Friday could hardly have been worse.
Clock
is ticking (Washington Post) [ Oh come on! Don’t be a
spoil-sport realist; after all, these are, unlike mubarak, young
pro-saudi-american dictators and still have a bright future of repression /
oppression / suppression ahead of them for the greater good of … status quo? …
nobody really thinks so. Tick-Tock! ] Editorial: In Bahrain, America should press the government to
cease its repression [ Don’t hold your breath. ]. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect;
far less than democratic and far more deadly in the mideast among other places;
talk about hypocrites. How does one family claim ownership of all the oil
reserves of a sovereign nation as the saudis; time for the saudis to go the way
of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily News Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up by
and to shill for a declining, fallen nation in the most corrupt regions of the
country (every fallen nation has such); of that there is no question …"Over
the years I've participated in many battles and have really almost come out
very, very victorious every single time," the Donald said. (Except for the
bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in
advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of
objecting creditors – jersey general ] ) "I've beaten many people and
companies, and I've won many wars," he added. (Though he didn't serve in
the military.) "I have fairly [according to mobster rules; ie., bribery,
money laundering, etc.] but intelligently [ as any other mob boss … trump is
total b*** s***, a fraud, and lightweight … and, despite the façade, quite
insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump
also said america’s become the laughingstock of the world … true enough … and
trump the biggest joke … Indeed, that trump even posits the possibility of a
run when he should be in jail is a testament to just how big a laughingstock
pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to
it, this has been america’s most significant export. Indeed, this irrevocable
structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have
survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain
terms condemned and warned against by Perot, a man of honor who, unlike his
opponents, could not be bought, which is the reason, in pervasively corrupt
america, he could never have been elected. Interestingly, you may have noticed
the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes Infowars.com February 15, 2010The testimony
of Norman Mineta
before the 9/11 Commission leaves compelling questions about former Vice
President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s
account of arriving later.During the CPAC conference, WeAreChange.org confronted Cheney about
these questions, which he refused to address.“Hey
Mr. Cheney, what did you do in the underground bunker on 9/11? Dick Cheney we
know what you did on 9/11 with the standdown order. Norman Mineta testified against
you on the 9/11 Commission report. What happened on 9/11?” Luke Rudkowski and James Lane of We Are
Change confront Dick Cheney in Washington D.C. at CPAC 2/10/2011. Click each document for a larger image admittedly
elevated terror alerts throughout the Bush administration to stoke the fear
card and score political dominion alone is reason to justify this label. The
implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the event of a
hijacked aircraft was changed in June 2001, including subjecting NORAD’s
response to DoD approval (SEE BELOW).Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was
given the “Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane
was coming into the Pentagon, there was a young man who would come in and say
to the Vice President…the plane is 50 miles out…the plane is 30 miles out….and
when it got down to the plane is 10 miles out, the young man also said to the
vice president “do the orders still stand?” And the Vice President turned and
whipped his neck around and said “Of course the orders still stand, have you
heard anything to the contrary!?’
Obama
joins Wisconsin budget battle Democratic
lawmakers flee state in attempt to block anti-union bill (Washington Post) [ Looks like capital hill
can pick up a few pointers from ‘dem dems … fleeing the state, that is … except
in their case it’ll be fleeing the nation-state, or what’s left of same. Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States...
] President accuses Scott Walker, the state's GOP
governor, of unleashing an "assault" on unions in plan to roll back
benefits for public workers.
Bubble Talk: Grantham Warns Of The Paradox Of Profit
Margins Reese ‘ year-end letter Jeremy Grantham
takes a look at numerous asset bubbles throughout history,
warning investors to ignore bubbles at their own peril. Grantham’s GMO
manages more than $100 billion in assets.“Responding to the ebbs and flows of
major cycles and saving your big bets for the outlying extremes is, in my
opinion, easily the best way for a large pool of money to add value and reduce
risk,” Grantham writes. “In comparison, waiting on the railroad
tracks as the ‘Bubble Express’ comes barreling toward you is a very painful way
to show your disdain for macro concepts and a blind devotion to your central
skill of stock picking. The really major bubbles will wash away big slices
of even the best Graham and Dodd portfolios.” Grantham says that bubbles
form because of a cycle in which investment managers, feeling the career risk in
making bold moves, fall prey to “herding”. It also involves what he calls
“double counting”. Profit margins, he says, are mean-reverting, meaning that at
times when margins are high, investors should be willing to pay less more
Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect;
far less than democratic and far more deadly in the mideast among other places;
talk about hypocrites. How does one family claim ownership of all the oil
reserves of a sovereign nation as the saudis; time for the saudis to go the way
of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily News Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up by
and to shill for a declining, fallen nation in the most corrupt regions of the
country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump
also said america’s become the laughingstock of the world … true enough … and
trump the biggest joke … Indeed, that trump even posits the possibility of a
run when he should be in jail is a testament to just how big a laughingstock
pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt american
illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush
appointments should be abolished, which corrupt entities are unheard of in
productive societies as China, Japan, etc.. Time to abolish these drags on
society and eliminate their lifetime stipends and costly bureaucracies. Rules
of law mean nothing to these typically corrupt americans. Most, including sam
alito of the u.s. supreme court, concerning drug money laundering and
obstruction of justice in the 3rd circuit ( also maryanne trump
barry who covered-up drug money laundering through her brother’s casinos in a
civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the
money, personal money, big, cash, untraceable money. The fog of war is great
for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes Infowars.com February 15, 2010The testimony
of Norman Mineta
before the 9/11 Commission leaves compelling questions about former Vice
President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s
account of arriving later.During the CPAC conference, WeAreChange.org confronted Cheney about
these questions, which he refused to address.“Hey
Mr. Cheney, what did you do in the underground bunker on 9/11? Dick Cheney we
know what you did on 9/11 with the standdown order. Norman Mineta testified
against you on the 9/11 Commission report. What happened on 9/11?” Luke Rudkowski and James Lane of We Are
Change confront Dick Cheney in Washington D.C. at CPAC 2/10/2011. Click each document for a larger image admittedly
elevated terror alerts throughout the Bush administration to stoke the fear
card and score political dominion alone is reason to justify this label. The
implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the event of a
hijacked aircraft was changed in June 2001, including subjecting NORAD’s
response to DoD approval (SEE BELOW).Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was
given the “Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane
was coming into the Pentagon, there was a young man who would come in and say
to the Vice President…the plane is 50 miles out…the plane is 30 miles out….and
when it got down to the plane is 10 miles out, the young man also said to the
vice president “do the orders still stand?” And the Vice President turned and
whipped his neck around and said “Of course the orders still stand, have you
heard anything to the contrary!?’
Drudgereport:
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%...
Fed
upgrades economic outlook (Washington Post) [ Wow! Like the ‘no-recession /
great recession / depression’ , what do expect these incompetent, and complicit
wall street favored frauds to say. This is truly an existential moment of
desperation for them and as before, they are disposed to anything that buys
them time … I say: they’re out of time! 47
Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting
The Stage For A Global Economic Meltdown In 2012 Is the world approaching a
devastating global economic meltdown? Right now there are a large number of
factors that are creating economic stress points all over the globe.‘The
American Dream Feb 16, 2011 Is the world approaching a devastating global
economic meltdown? Right now there are a large number of factors that are
creating economic stress points all over the globe. All of the crazy
money printing that the Federal Reserve and other central banks have been doing
is putting inflationary pressure on agricultural commodities, oil and precious
metals. Massive floods, horrific droughts and extreme weather patterns
all over the globe are ruining crops and creating food shortages. Some
nations are now actually hoarding food, and in other nations rising prices have
sparked food riots. The price of oil has been moving back towards $100 a
barrel, and if it stays at a high level for an extended period of time that is
going to have very serious consequences for the global economy. In
addition, the growing sovereign debt crisis could erupt again at any
time. Half a dozen nations in Europe are on the verge of insolvency,
Japan’s national debt is now well over 200 percent of GDP, and the global
financial system is growing increasingly concerned about the exploding national
debt of the United States. The truth is that the entire world financial
system is a house of cards balanced on a razor’s edge and it could come down at
any time.Sadly, very
little has changed since the world financial system experienced almost a
complete meltdown back in 2008. Global financial markets are still a whirlpool
of debt and speculation. One really bad week could put us right back
where we were prior to the infamous Wall Street bailouts. Very little in
our world is truly stable anymore. As we have seen recently in Egypt, the
globe can literally change almost overnight. All it would take is for one
really bad event to happen and world financial markets would instantly start
imploding.
So when will
the coming economic collapse happen? Nobody knows for sure, but the fact
that the global economy is increasingly becoming less stable as we approach the
year 2012 is making a lot of people very nervous.
The following
are 47 statistics that indicate that economic stress points in 2011 could be
setting the stage for a global economic meltdown in 2012….
#1 According to the United Nations, global food
prices set a new all-time record
during the month of January.
#2 In early February the worst freeze in 60
years wiped out entire crops all across the southwestern U.S. and northern
Mexico. Already, it has been reported that some U.S. supermarkets have
doubled or even tripled prices for certain produce items.
#3 It is being reported that due to the recent horrible
freeze in Mexico cases of tomatoes that would usually cost shop owners between
12 and 15 dollars are now going for up to $40 .
#4 One of China’s key agricultural provinces is facing
its worst drought in 200 years .
#5 The Food and Agriculture Organization says that up to
two-thirds of China’s wheat crop could be at risk of failing due to weather
conditions.
#6 Officials in Mexico are estimating that four million
tons of corn have been lost because of the recent freeze. That represents
a full 16 percent of Mexico’s annual corn
harvest.
#7 The price of corn has doubled over the last six months
and it recently hit a new all-time high .
#8 The U.S. Department of Agriculture has announced
that corn supplies are the tightest that they have been in 15 years .
#9 It appears that Chinese imports of corn will
be about 9 times larger than the
U.S. Department of Agriculture originally projected them to be for 2011.
#10 The price of wheat has more than doubled over
the past year and it hit a 30-month high on Monday.
#11 In the event of a global catastrophe, current global
stockpiles of wheat would only be able to feed the world for 82 days .
#12 According to Forbes , the price
of soybeans is up about 50% since last June.
#13 The price of cotton has more than doubled over
the past year.
#14 The commodity price of orange juice has doubled since 2009.
#15 The price of sugar is the highest it has been in 30 years .
#16 The United Nations is projecting that the global
price of food will increase by
another 30 percent by the end of 2011.
#17 In the U.K., the official rate of inflation is now twice as high as the
target rate of inflation.
#18 Inflation in China is starting to get out of
control. For example, food prices in China rose 10.3 percent during the month
of January.
#19 Almost 14 percent of all credit
card accounts in the United States are currently 90 days or more delinquent.
#20 New home sales in the state of California were
at the lowest level ever
recorded in the month of January.
#21 According to the U.S. Bureau of Labor Statistics,
the number of job openings in the United States declined for a second straight month
during December.
#22 Average household debt in the United States has now
reached a level of 136% of average household income.
#23 It is estimated that there are about 5 million
homeowners in the United States that are at least two months
behind on their mortgages, and it is being projected that over a million
American families will be booted out of their homes this year alone.
#24 Today, 46% of all Americans carry a
credit card balance from month to month.
#25 700,000 Americans have signed up for a credit card
that has interest rates that go as high as 59.9% .
#26 Americans now owe more than $889 billion on student loans, which
is even more than they owe on credit cards.
#27 The FDIC is “insuring” U.S. bank deposits that total
5.4 trillion dollars with a deposit insurance fund that is currently sitting at
approximately negative 8 billion dollars .
#28 The Social Security trust fund will run a deficit
of 56 billion dollars this
year. Just a couple of years ago government planners were promising that
we would not have any Social Security deficits until at least 2016 or 2017.
#29 When you adjust wages for inflation, middle class
workers in the United States make less money today than they did back in 1971 .
#30 4.2 million Americans have
been unemployed for one year or longer at this point.
#31 The number of Americans that have become so
discouraged that they have given up searching for work completely now
stands at an all-time high .
#32 According to a recent Gallup poll, 35 percent of Americans
believe that unemployment is currently the most important problem in the United
States. Another 29 percent believe that the economy is currently our
biggest problem.
#33 Gallup also says that 19.6 percent of the workforce in
America is currently either unemployed or underemployed.
#34 The U.S. government says that 504,000 Americans “dropped out of
the labor force” in January.
#35 The Obama administration is projecting that the
federal budget deficit will be 1.65 trillion dollars for
fiscal 2011.
#36 It is estimated that the total U.S. national
debt will be greater
than 100 percent of GDP by the end of this fiscal year.
#37 The U.S. government relies on foreign nations such
as China and Japan to finance 40 percent of all new government debt.
#38 State and local government debt is now sitting at an
all-time high of 22 percent of U.S. GDP.
#39 The Chinese are now hoarding gold like there is no
tomorrow. In fact, Chinese demand for gold has now risen to
approximately 25% of total global production .
#40 According to
a recent report from the World Economic Forum , the world is going to need
another $100 trillion in credit to support projected “economic growth” over the
next decade.
#41 According to the U.S. Conference of Mayors, visits
to soup kitchens are up 24 percent over the past
year.
#42 One out of every seven
Americans is now on food stamps.
#43 One out of every six elderly
Americans now lives below the federal poverty line.
#44 During the last school year, almost half of all school children in
the state of Illinois came from families that were considered to be
“low-income”.
#45 According to a survey released very close to the end
of 2010, 55 percent of all Americans are now
living paycheck to paycheck. A major economic downturn could quickly wipe
out millions of families.
#46 Gasoline prices in the United States are now the
highest that they have ever been
in the middle of February.
#47 Faith in our economic system continues to
decline. According to one new report, only 26 percent of
Americans now trust the U.S. financial system.’
] Policymakers think the recovery is on
"firmer footing." But they also expect high unemployment to persist
at least through the end of 2013. Panetta
outlines plan for bin Laden (Washington Post) [ Yeah, and if panetta’s
grandmother had wheels she’d be a trolley car. I mean, how much more irrelevant
can the cia become, beyond their drug deals, arms deals, among other
self-interested / self-perpetuating ops / commotions / promotions. In case they
haven’t looked recently, pervasively corrupt america is defacto bankrupt; and
in large part owing to their flawed, self-perpetuating strategies (oh, how they
loved and miss the cold war). Who cares (about Osama bin Laden or his deputy
Ayman al-Zawahiri). Indeed, one way or another, it makes no difference.
Moreover, take a look at the ‘stand-down’ order as discussed infra regarding
‘that pearl harbor event / neo-con wet dream’. They are so pathetic! A parallel
universe? They only wish! ] CIA
Director Leon Panetta told Congress on Wednesday that if Osama bin Laden or his
deputy Ayman al-Zawahiri is captured they will be held by the military and probably
will be sent to Guantanamo Bay. (Reuters)
On
national debt, interest is the monster (Washington
Post) [ No! That’s not correct! This is a two-headed monster and the gargantuan
principal amount the other head. Bondholders will never be paid (paper turned
over for paper till the biggest ponzi scheme in world history comes tumblin’
down. Moreover, assumptions are wildly optimistic and totally unrealistic).
Pervasively corrupt america is defacto bankrupt! That’s reality! Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz …Are you kidding me?
"Here are the numbers...we're broke," Davidowitz declares, noting the
U.S. government goes $5 billion deeper into debt every day and is facing $1
trillion-plus annual deficits for the next decade. "In other words, we're
bankrupt."As with the economy, Davidowitz is unwaveringly consistent Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] House
brainstorms for budget trims (Washington Post) [ Brainstorms?
The mere mention of the word brain juxtaposed with the denizens of capital hill
and one can’t help but conjure up images of multiple scarecrows scurrying about
that yellow brick road en route to see the wizard while singing in unison ‘if
they only had a brain’. ]
In
Bahrain, authorities move against protesters Police
use tear gas, clubs and rubber bullets to disperse crowd (Washington Post) [ Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect;
far less than democratic and far more deadly in the mideast among other places;
talk about hypocrites. How does one family claim ownership of all the oil
reserves of a sovereign nation as the saudis; time for the saudis to go the way
of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas
canisters bombard sleeping protesters in Manama's Pearl Square. At least two
men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice
of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily News Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up by
and to shill for a declining, fallen nation in the most corrupt regions of the
country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump
also said america’s become the laughingstock of the world … true enough … and
trump the biggest joke … Indeed, that trump even posits the possibility of a
run when he should be in jail is a testament to just how big a laughingstock
pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug money
laundering and obstruction of justice in the 3rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY HECKLED...
'DRAFTDOGER!' 'WHERE'S BIN LADEN?'
]
] At least two are killed, while those
involved in the protests say others are critically injured. There is no
official word on deaths or injuries.
Congress
begins debate on regulation of financial 'WMDs' (Washington Post) [ Wow! Sounds like a …
‘no-plan’! I mean, what do regulations, or even laws for that matter, even
matter, which is what in large part matters, concerning what’s the matter with
pervasively corrupt, defacto bankrupt america. Fines and disgorgement through
enforcement of the ‘already on the books’ laws for the blatant (and still
extant, now marked to anything as per FASB legislated rule change regarding the
toxic assets / worthless paper that continues to be cashed out by the perps
with fed help) wall street frauds would have by multiples surpassed the budget
cuts the ‘government’ is quibbling over as if same would barely put a dent in
the unsustainable debt levels, deficits. How pathetic! ] A House committee is examining how regulators
are writing rules that could determine the safety, efficiency and cost of
derivatives. Obama
careful in crackdown (Washington Post) [ Sounds like a page out of the
former american-installed shah of Iran’s play-book … The important difference
here is the life and death continued struggle of Iran against the Zionist
israeli / american regimes (look at what the latter regimes do, not what they
say) … Indeed, the great american/israeli hope for Iran, the ‘son of shah’ …
pshaw! I have a special affinity for Egypt, a land of great wisdom with the
richest of histories and culture and wisdom of the ages in wisely, at one time,
holding Cats in their highest regard and esteem! ] President Obama cautiously criticized the
Iranian government Tuesday for carrying out a deadly crackdown on street
demonstrations, as hard-line legislators in Tehran called for the execution of
several prominent opposition leaders. (Afp/getty
Images)
Americans
climb out of debt, save more (Washington Post) [ There is what is known in
basic economics as the so-called ‘paradox of thrift’ and the negative portends
for the economy the natural concomitant. There is no getting away from that
age-old economic equation Gross Domestic Product is the sum of all spending on
goods and services in a nation's economy in a year. The formula for GDP is: GDP
= C + I + G + (Ex - Im), where “C” equals spending by consumers, “I” equals
investment by businesses, “G” equals government spending and “(Ex - Im)” equals
net exports, that is, the value of exports minus imports. Net exports may be
negative. Of late, the C component has risen to near 71%, fueled by
unsustainable credit. Private investment owing to a structural shift has lagged
for want of real (profitable domestic)
investment opportunities (the wall street computer-programmed high
frequency churn-and-earn is NOT a component here but rather a net negative
coming ultimately ‘out of main street’ and the people’s pockets, and owing to
the lesser propensity to consume of the frauds on wall street, etc.), and we
all know the direction of government spending. Read more: GDP and the Players Three: All Together Now: C + I + G —
Infoplease.com http://www.infoplease.com/cig/economics/consumption-investment-government.html#ixzz1E79N4H4B . That said, this (saving) is still good for
americans generally since the government has long since all but stopped
concerning themselves with the dire predicament of the vast majority of the
nation and citizens. ] The
recession that just rocked the U.S. economy happened in part because Americans
were borrowing and spending more than they could afford. Now, three years after
the downturn began, families are moving faster than many analysts had expected
to put their finances in order by paying down debt and boosting their savings.
Jump
in global food prices pushes millions into poverty (Washington Post) [
There’s no mystery here … the inevitable consequence of the world’s adoption of
america’s funny-money new age alchemy of spinning paper into fools’ gold …
Indeed, the prognostications have been hot and heavy, from hyperinflationary
depression to … as investor Marc Faber noted last year, this funny money
intervention by the Federal Reserve is going to create a final crisis that will
destroy the U.S. financial system. The Fed “will print and print and print
until the final crisis wipes out the whole system,” Faber warned. Now this
fraudulent bubble that the frauds on wall street commission and sell into is
great for the frauds on wall street but bad for everyone else since that value
has to be made up somewhere, by some one … guess (the obvious)… and if you
can’t (guess), you haven’t been paying attention! ] Data released by the IMF show the cost of
grain and other staples is near its historic high. So
be it? Milbank: Boehner
and his party's proposal for budget cuts would reverse the economic recovery.
(Washington Post) [ Come on! Wake up! Think of it this way, in simple terms.
Already bankrupt, you further bankrupt yourself by spending money you don’t
really have which gives that ‘warm and fuzzy feeling’ (albeit to the next
election) and obfuscates the cold, hard reality. That a structural shift has
occurred in economic / financial terms (that ‘sucking sound’) there is no
question. At some point, if there are glass half-full people in the bunch (I am
not one of them and believe this structural shift is ‘forever’ and defacto
bankrupt america’s decline is irrevocable owing to pervasive corruption, fraud,
criminal complicity, etc.. Kind of like madoff’s ponzi scheme (at some point
they always unravel / can’t cover and in the current news madoff the fraud said
the banks knew and you can take that to the bank since madoff said it) … But
isn’t it also true that we all know and that america’s jig is up! Should the
hole continue to be dug so irretrievably deep that digging the way out is
absolutely impossible ( I and others already believe that point’s been
surpassed, and these cuts so small as to be almost insignificant … Davis ‘… This is
how we pay off our current debts and I think bondholders are simply happy to
get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS TEETERING
FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ) Obama
proposes $3.7 trillion budget (Washington Post) [ What the heck! It’s only
‘helicopter ben’ monopoly money anyway; that paper stuff (Globalists
Push SDRs as World Reserve Currency As investor Marc Faber noted last year,
this funny money intervention by the Federal Reserve is going to create a final
crisis that will destroy the U.S. financial system. The Fed “will print and
print and print until the final crisis wipes out the whole system,” Faber
warned. IMF calls for dollar
alternative The International Monetary Fund issued a report Thursday on a
possible replacement for the dollar as the world’s reserve currency. Budget
makes deep cuts, cautious trades (Washington Post) [ I still have great
difficulty wrapping my mind around the cut in the (relatively minuscule)
heating oil program for the poor (after all, that’s potentially lethal to such
disenfranchised groups) … Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? ] ] Fed chairman offers dire
warnings about the damage Congress could wreak if it refrains from raising the
government's debt limit this spring. ]
The $3.7 trillion plan proposes to trim or terminate more than 200 federal
programs to make room for increases aimed at boosting the economy. Speaking of Monopoly / atlantic city, n.j.,
maryanne trump barry and sam alito, et als
have done all right for themselves as the corrupt judiciary usually
does, one way or another. Indeed, judicial retirement funds for these plushly
accoutered lifetime appointees is up 25.9% and the general operating fund up
6.6% (source, http://www.washingtonpost.com/wp-srv/special/politics/federal-budget-2012/index.html … the trumps are getting it up front and on
the back end, which is typical in a pervasivly corrupt system as defacto
bankrupt america … abolish the courts .
Connecticut,
California join probe of Ally (Washington Post) [ I’d be much more impressed if they
initiated a probe of more readily discernible criminal offenses in violation of
the RICO Act (Other newark / new jersey and new york, n.y. metro,
viz., ie., connecticut, and of course, d.c., d.c. metro, viz., ie., virginia
experience … corrupt federal judges as maryanne trump barry, sam alito, shiff,
matz (california), hall, underhill, dorsey, etc.. Defacto bankrupt america’s
so-called system is pervasively corrupt and broken (AP) Abolish the corrupt, costly, economically
wasteful lifetime extravagantly appointed federal courts - see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] http://albertpeia.com Frauds/Liars
(sic-lawyers)Covering Up for Other Frauds/Liars (sic-lawyers). In Productive
Societies as China, Japan, etc., Fraudulent Liars (sic-lawyers) and the
Fraudulent u.s. System They're a Part of Are Unheard Of/Non-existent. List of
Files Regarding Filed Attorney Grievance Against Fraud coan et als Or
Here For A Clearer View Of Filed
Grievance Complaint, Response, Exhibits, and Related RICO Filings Note the Committee of
Frauds/Liars (sic-lawyers). Included are DOJ Rep., State Court Rep., State
Atty. General Office Rep., and even a Vegetable Garden yale law prof who
probably never practiced law in his life. How Pathetic! http://albertpeia.com/fbiofficela91310
] Justice:
FBI improperly opened probes
(Washington Post) [
I just hope they’re as zealous (in probing readily discernible crime) with
regard to my RICO matters and the corruption in the (judicial / legal) process
since, in the final analysis, it will have been the corruption within that will
have brought the nation down irrevocably and totally.]
The Undeniable Signs of Inflation
Kaminis ‘January's Import and Export Price
Report showed significant price increases in both imports and exports, and
unfortunately, across both overall measures and those excluding food and fuel.
We posit that the chatter that has overwhelmed the financial airwaves of late,
making an argument we made years ago mind you, is worth listening to once
again. Inflation portends to blindside the market and its caretakers, the group
of merry men who shrug off all evil until it is upon them…
"We
Are Apple" and Five Other Horrifying Corporate Anthems That Will Stun You
Into Submission Minyanville ‘For all the talk these days about being a
"team player," it wouldn't be a wholly terrible idea to take a look
at some corporate anthems that would make even the most cynical employee's
chest swell with pride. Or is that embarrassment?http://www.youtube.com/watch?v=nbJy0O4UFSM&feature=player_embedded
http://www.youtube.com/watch?v=xGbI87tyr_4&feature=player_embedded
http://www.youtube.com/watch?v=-ZG1MKFyh9E&feature=player_embedded
http://www.youtube.com/watch?v=FRTf3UXCpiE&feature=player_embedded
http://www.youtube.com/watch?v=gZ85Abu_TBs&feature=player_embedded
http://www.youtube.com/watch?v=MaIq9o1H1yo&feature=player_embedded
Concerns
over European defense cuts (Washington Post) [ At some point, rationality
must overcome irrationality; if only necessity being the mother of this
new-found invention (rationality). Interestingly, there was a blip on
television news from a NATO rep talking up the technological / military
superiority of NATO relative to Russia (without whose technological prowess
that space station and crew would literally be lost in space). So take that,
literally … and make the cuts (rational). ] European policymakers say the cuts
are necessary given their financial straits, and that training, not sheer
numbers, is what matters in a post-Cold War world.
Budget
makes deep cuts, cautious trades (Washington Post) [ I still have great
difficulty wrapping my mind around the cut in the (relatively minuscule)
heating oil program for the poor (after all, that’s potentially lethal to such
disenfranchised groups) … Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts
and I think bondholders are simply happy to get anything out of a country that
admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ ] ] Fed chairman offers dire
warnings about the damage Congress could wreak if it refrains from raising the
government's debt limit this spring. ]
The $3.7 trillion plan proposes to trim or terminate more than 200 federal
programs to make room for increases aimed at boosting the economy. Robinson:
Do
conservatives love freedom? (Washington Post) [ Truth be told, I’ve oft referred to myself as
conservative. I also embrace freedom; which, of course, is the antithesis of
‘such conservatives’ as ie., mobsters as trump et als, Maryanne trump barry,
sam alito, mafia, neo-cons cheney, dumbya bush, rumsfeld, mental cases as john
bolton, trump, dummy palin, limbaugh, hannity, etc., who in their near facist
way always want control; ie., your thoughts, actions, inclinations, etc.. The
left, totalitarian communism, wobamanoids in the dhs, etc., are little
different. I personally am constrained to disassociate myself with the likes of
the foregoing and as discussed infra: Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily News Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up by
and to shill for a declining, fallen nation in the most corrupt regions of the
country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump
also said america’s become the laughingstock of the world … true enough … and
trump the biggest joke … Indeed, that trump even posits the possibility of a
run when he should be in jail is a testament to just how big a laughingstock
pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapses. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
Symbolic reductions Gerson: Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy...
Could
the Dow Hit 4,500? [ Short answer: YES! Prechter et als say even far lower
(which I would agree with in real terms, but not in debased dollar terms.) ] Norfolk ‘October 20, 1999: I am at a breakfast briefing run by
a British investment house. Scarfing my bacon bap and croissant, washed down
with the treacly and malodorous coffee that only hotels can provide, I feel
quite the patronised lower-order businessman as I listen to the market
overview.
Bernanke Helps Fuel an Increasingly Expensive Market Roche ‘As the market continues to
grind higher each and every day, it’s useful to gain some perspective on just
how much Bernanke is impacting valuations and generating disequilibrium in the
market. In order to do so we’ll review a number of long-term valuation
indicators.
The first is
Warren Buffett’s self proclaimed favorite valuation tool (see
here for more ). He uses the total market cap of the US stock market
compared to GNP. He has generally maintained that levels below 80% are bullish.
The latest reading of 106% is well below the levels seen at the last two market
peaks, but well above the historical average levels. You will notice that the
permanently high valuations coincide with the Greenspan Put which has now
morphed into the Bernanke Put.
click to
enlarge images [chart]
John Hussman’s
latest piece succinctly
describes the current market environment in which Ben Bernanke continues to
encourage speculation and malinvestment. As we all know by now it is Bernanke’s
goal to keep asset prices “higher than they otherwise would be” in an attempt
to generate a self sustaining economic recovery through asset prices. This is
the insane notion that nominal wealth will lead to real wealth.
In fact, Ben Bernanke
has this quite backwards. Fundamentals drive real wealth – not nominal price
increases. But two bubbles in one decade doesn’t teach this man a lesson.
Hussman elaborates:
Last week, the
S&P 500 Index ascended to a Shiller P/E in excess of 24 (this “cyclically-adjusted
P/E” or CAPE represents the ratio of the S&P 500 to 10-year average
earnings, adjusted for inflation). Prior to the mid-1990′s market bubble,
a multiple in excess of 24 for the CAPE was briefly seen only once, between
August and early-October 1929. Of course, we observe richer multiples at the
heights of the late-1990′s bubble, when investors got ahead of themselves
in response to the introduction of transformative technologies such as the
internet. After a market slide of more than 50%, investors again pushed the
Shiller multiple beyond 24 during the housing bubble and cash-out financing
free-for-all that ended in the recent mortgage collapse.
And here we are
again. This is not to say that we can rule out yet higher valuations, but with
no transformative technologies driving the economy, little expansion in capital
investment, and ongoing retrenchment in consumer balance sheets, I can’t help
but think that the “virtuous cycle” rhetoric of Ben Bernanke is an awfully thin
gruel by comparison. We should not deserve to be called “investors” if we fail
to recognize that valuations are richer today than at any point in history,
save for the few months before the 1929 crash, and a bubble period that has
been rewarded by zero total return for the S&P 500 since 2000. Indeed, the
stock market has lagged the return on low-yielding Treasury bills since August
1998. I am not sure that even members of my own profession have learned
anything from this.
[chart]
Using his expected returns methodology Mr. Hussman is
looking for annual returns of just 3.15% in the coming decade:
[chart]
Dshort brings
us the Q Ratio which has now hit “nosebleed” territory again. This is
consistent with the other metrics which all showed relatively stable ranges
until the Fed began its unusual policy of propping up markets following the 87
crash. The latest reading of 1.17 is well below the Nasdaq bubble peak, but is
higher than any other historical peak. “Nosebleed” could be an understatement.
[chart]
As
I mentioned in December , we have to ask ourselves if any of this matters as
long as the Fed is directly involved in promoting speculation. It’s now clear
that the Bernanke Put is well ingrained in every investor’s head. Never has the
Federal Reserve been so explicit about propping up asset prices and it has
created a speculative frenzy that has every investor trying to front-run the
Fed.
The problem for the Fed will be letting their foot
off the gas. They have created a beast that they likely no longer control. When
and if the Fed ever ends QE it is likely that markets will begin to revert to
the mean. This will likely force the Fed’s hand to stabilize markets. So what
we’ve created with this explicit backstop is a positive feedback loop. Can the
Fed ever get out of the market now? And if they don’t it’s likely that markets
will spiral higher until they cannot control the inevitable collapse.
The foolishness of current Fed policy cannot be
downplayed. Let’s hope for the sake of US citizens that they are as quick to
take credit for the inevitable market decline as they have been about taking
credit for the rally. For once they admit to having contributed to
malinvestment and misallocation of resources we can likely begin mounting a
case that closes this horrible chapter in American history where the Central
Bank attempted to turn our economy into a financialized ponzi scheme.’
Tea Party
declares war on military spending Guardian
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily News Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for
US Senate? Is he signaling his bid for US president? Or is he hinting at
something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up by
and to shill for a declining, fallen nation in the most corrupt regions of the
country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from Lost Angeles Learning
Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia
mob fame with his continuing message for the past several years: buy real
estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts Inside trump Taj Mahal
Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With
Employee Killed – What else would you you expect from a mobster’s casino in
mob-infested jersey!
Trump luxury resort folds, leaving buyers
defrauded…litigation has commenced…send for sister maryanne, the corrupt
federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3 rd circuit
ct appeals, understands drug money laundering/fraud and handles her own motions
to recuse her and like mobster trump should be in jail ... (see RICO Case)
] earned
many billions of dollars [ at whose expense ], which in a sense was both a
scorecard and acknowledgment of my abilities [ to fool most of the people, all
of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump
also said america’s become the laughingstock of the world … true enough … and
trump the biggest joke … Indeed, that trump even posits the possibility of a
run when he should be in jail is a testament to just how big a laughingstock
pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
Drudgereport:
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum...
Stocks
gain as Mubarak resigns (Washington Post) [
Come on! Don’t be ridiculous! Stocks gain regardless of the ‘event
resignation’ as pointed out by Dave, immediately infra. The ‘miracle’ of
computer-programmed high-frequency trading fraud with fed / congressional
complicity, which will inevitably end quite badly for the vast majority at
whose expense the gains for the relative few are made. One-Way Market Action: Dave's Daily ‘"To the
moon"(Alice) might be a better description of this nonstop bullish action.
All week markets were worrying about Egypt. When things were bad there, markets
rallied. When things seemed better, markets rallied. When Cisco and Credit
Suisse posted lousy reports, markets rallied. When China raised interest rates,
markets rallied. Every dip has been bought and every dip has been buying. All
this was taking place while many emerging markets were breaking down creating
some divergence from previously high inter-market correlations. Things are
going so well most reliable technical indicators are getting steamrolled by
what those few trading must believe is a rosy future. Market rallies have been
steady but not spectacularly higher with daily .50% type moves. But, those add
up. Does all this frustrate us? Partially, since active portfolios ETFs ] The relief over
the embattled leader's departure extends well beyond Tahrir Square. Ahmadinejad speaks on Egypt GOP's
plan for spending cuts sets Capitol Hill showdown (Washington Post) [
Showdown? How ‘bout hoedown! I mean, give me a break … who’s kidding whom … but
the ‘show’ part fits! Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘ Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions unwaveringly consistent ] Some Republicans express concerns about the steep cuts, but
some cheer the trims as an important political objective -- meeting a campaign
pledge they made last fall to grass-roots activists.
T_rump: Ron Paul Has “Zero Chance” Of Beating Obama Paul Joseph Watson {
Drudgereport: TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the
laughingstock of the world … true enough … and trump the biggest joke … Indeed,
that trump even posits the possibility of a run when he should be in jail is a
testament to just how big a laughingstock pervasively corrupt, defacto bankrupt
america’s become! [ If he was mobster in
chief, mobster and scoundrel trump wraps himself in populist american flag and
offers up an (too little too late – typical lightweight) implausible solution
to keep ‘the juice’ flowing though he’d already be in jail in a rational,
non-declining nation with meaningful laws. All China has to do is dump (and not
prospectively buy) their ever more and declining in value day-by-day (from
dollar debasement policies) u.s. paper / bonds and overnight the u.s. economy
consequently thereby collapses. [ When
you come right down to it, this has been america’s most significant export.
Indeed, this irrevocable structural shift, hailed by cia men hw bush and
clinton (clinton couldn’t have survived with them) by way of NAFTA as the
greatest thing since sliced bread was
indeed in no uncertain terms condemned and warned against by Perot, a man of
honor who, unlike his opponents, could not be bought, which is the reason, in
pervasively corrupt america, he could never have been elected. Interestingly,
you may have noticed the good (but not great, other than the spotlight on
pervasive bribery including judges, police, politicians, etc., being far too
light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting
to be a significant part of american folklore / history / culture. However, the
reality is that in america, and certainly today, the real story with impact is
that of ‘The Touchables’. The reality is that Elliot Ness died a broken man;
bankrupt, unable to even win election to the mayoralty of his then current
hometown. He was incorruptible; and hence, in the real america, unelectable at
the least if not also all but unemployable (he and his are among those few
genetic anomalies in america as I’ve previously alluded to. How far america has
fallen from even false perception! Pervasively corrupt, meaningfully lawless
america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug money
laundering and obstruction of justice in the 3rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' }
In reality, the Texas Congressman has a better
chance than Republican darling Sarah Palin.
Drudgereport:
IMF
CALLS FOR ALTERNATIVE TO $$ AS WORLD'S RESERVE MILITARY
TAKES COMMAND 'Egypt
is Free,' crowds chant... WIRE:
Military coup was behind Mubarak's exit... Military
calls for normal business activity to resume... DAY
18: Mubarak and family flee Cairo for Sharm el-Sheikh... Swiss
freeze assets... Obama
learns of resignation watching TV... Crisis
Puts White House in Disarray... Director
of National Intelligence: Muslim Brotherhood 'Largely Secular,' 'Has Eschewed
Violence'... 'Weakness'
in USA... Ahmadinejad:
Egyptian protests herald new Mideast... AL-JAZEERA
LIVE FEED... FRANCE 24 LIVE FEED... Mubarak Hangs Tough... VP
Urges Protestors to Ignore Media, and Go Home... AL-JAZEERA
LIVE FEED... CIA
Panetta Confused: Said Strong likelihood Mubarak would 'step down tonight'... March
to palace being organized... REUTERS
LIVE... ElBaradei
warns Egypt will 'explode'.... Egypt's
govt on the brink.. FLASH
CRASH: APPLE stock loses $10 billion in four minutes... Jobs'
Health Rumor? Global
Stock Exchanges Headed for Major Consolidation... Kyl
becomes fifth senator to step aside... Fed
Governor Resigns; Bernanke Adviser Questioned Stimulus... NBC:
Intelligence officials 'scrambling to try to determine exactly what this all
means'... TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President trump also said america’s become the
laughingstock of the world … true enough … and trump the biggest joke … Indeed,
that trump even posits the possibility of a run when he should be in jail is a
testament to just how big a laughingstock pervasively corrupt, defacto bankrupt
america’s become! [ If he was mobster in
chief, mobster and scoundrel trump wraps himself in populist american flag and
offers up an (too little too late – typical lightweight) implausible solution
to keep ‘the juice’ flowing though he’d already be in jail in a rational,
non-declining nation with meaningful laws. All China has to do is dump (and not
prospectively buy) their ever more and declining in value day-by-day (from
dollar debasement policies) u.s. paper / bonds and overnight and the u.s.
economy consequently thereby collapse. [
When you come right down to it, this has been america’s most significant
export. Indeed, this irrevocable structural shift, hailed by cia men hw bush
and clinton (clinton couldn’t have survived with them) by way of NAFTA as the
greatest thing since sliced bread was
indeed in no uncertain terms condemned and warned against by Perot, a man of
honor who, unlike his opponents, could not be bought, which is the reason, in
pervasively corrupt america, he could never have been elected. Interestingly,
you may have noticed the good (but not great, other than the spotlight on
pervasive bribery including judges, police, politicians, etc., being far too
light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting
to be a significant part of american folklore / history / culture. However, the
reality is that in america, and certainly today, the real story with impact is
that of ‘The Touchables’. The reality is that Elliot Ness died a broken man;
bankrupt, unable to even win election to the mayoralty of his then current
hometown. He was incorruptible; and hence, in the real america, unelectable at
the least if not also all but unemployable (he and his are among those few
genetic anomalies in america as I’ve previously alluded to. How far america has
fallen from even false perception! Pervasively corrupt, meaningfully lawless
america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly bureaucracies.
Rules of law mean nothing to these typically corrupt americans. Most, including
sam alito of the u.s. supreme court, concerning drug money laundering and
obstruction of justice in the 3rd circuit ( also maryanne trump
barry who covered-up drug money laundering through her brother’s casinos in a
civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the
money, personal money, big, cash, untraceable money. The fog of war is great
for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?'
Kevin
Warsh to leave Federal Reserve Board (Washington Post) [ How ‘bout gettin’ them all to leave … now
that would sound like a … sound plan! Is
Ben Bernanke A Liar, A Lunatic Or Is He Just Completely And Totally
Incompetent? Infowars.com Did you
see Ben Bernanke’s testimony before the House Budget Committee on Wednesday? It
was quite a show. Bernanke seems to believe that if he just keeps on repeating
the same mantras over and over that somehow they will become true. ] The departure leaves the governing board
almost entirely in the hands of Obama appointees. Mubarak's
defiance puts U.S. on the defensive (Washington
Post) [ Kissinger
on Egypt unrest (2-01-11) – “This is only the first scene of the first act of a
drama that is to be played out” - And what scene of what act are we in now
sweet hank, pray tell. Indeed, after kissinger’s ingratiating comments of the
wobama administration’s ‘proper’ handling of the crisis thus far (drummin’ up
potential new ‘business’ for doin’ who knows what if anything at all) … his
‘consulting business’ must be … off … considerably! ] House
Republicans divided on spending cuts (Washington Post) [ Holy smokes! …
$100 billion … Davis ‘… This is how we pay off our current debts
and I think bondholders are simply happy to get anything out of a country that
admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ ] ] ] An already wobbly week for House
Republicans turns chaotic as their unruly new majority flatly rejects a
spending plan crafted by House leaders, saying its cuts fell far short of
fulfilling a campaign pledge to slice $100 billion from federal programs. Mubarak's
iron rule Robinson: Spreading
unrest raises pressure on Mubarak (Washington Post) An array of new
developments turned against President Hosni Mubarak on Wednesday as Egypt moved
closer to a full rupture between its autocratic government and a growing
popular rebellion. [ Do not talk about
ruptures in the presence of Pharhosni Mubarak he chides the Washington Post!
After all, at 82 years old and 30 years in power, hernias are known to quite
easily happen… Previous: Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what
the Americans say - that Mubarak must stay as president so we can prepare for
new elections,'' said Negad El Borai, a human rights advocate and lawyer in
Cairo. "Mubarak must leave, and then we can talk." … Truth be told,
I’m not shocked. Indeed, though this is only marginally what america / israel
wanted, this will stick to america / israel like glue; that proverbial
albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's
government offers concessions mubarak’s delusions. After all, here’s an 82
year old tyrant, in power for 30 years, yet in some parallel universe appears
to think he’s calling the shots. Other than literal and quite foolish shots
against protesters, even journalists, see infra, there are few indeed that
would trust his mindset, such as it is, much less his judgment, so flawed as he
has now shown it to be. What is obvious is that this long overdue ‘people’s
election’ cannot be thwarted by platitudes and small talk, but resisting the
inevitable will turn an american quasi-ally into an anti-american breeding
ground because there’s just no reconciling a pro-mubarak, however slight,
position with american / israeli, et als war crimes in the region. Restless
Cairo protesters hoping for U.S. support ‘muck-ups’ who can’t handle their own
substantial problems much less those of other nations; and in fact, invariably
exacerbate existing conditions / problems, particularly when pandering to
israel’s self-interested concerns. ] While the ouster of President Hosni
Mubarak remains the most pressing concern for protesters, the role of U.S. is
far from absent in the dialogue. { Previous:
Amid Arab protests, U.S. influence has waned Soros: 'The main stumbling
block is Israel'...
….. Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events
suggested that Mubarak's supporters were determined to show, as he had warned,
that the country faced a "choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous:
Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether it
is plaques ‘on the brain’ or outright senility, that he is so disengaged from
the events unfolding around him, one may only wonder how he lasted this long.
Nor did his choice of cia standin / shill, new VP Suleiman enhance his now
untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to further
their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ] ] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections. ] After decades of repression, democracy
advocates say it could take many months -- if not years -- to lay groundwork
for open and credible elections. ]
Mubarak
cedes some authority but refuses to quit In
latest bid to quell protests, president transfers powers to VP (Washington Post) [Wow! ‘Earlier Thursday,
CIA Director Leon
Panetta told Congress that "there is a strong likelihood that Mubarak
may step down this evening."…’ Talk about being out of the loop and stuck
with ‘foot-in-mouth’ … not that you’d expect more from the CIA … CIA's
dilemma in Egypt (Washington Post) [
Come on! How does anyone take these ‘muck-ups’ seriously … As a purported journalist,
Mr. Ignatius should know better. What distracts the agency is self-interest and
greed … yes, greed for themselves, theirs, and a raison d’etre that assures
their continued funding (oh how they miss the cold war, hot ones will have to
do) on top of their private so-called ‘black ops’. They’re wrong or absent
without leave (awol) on major events purportedly within their bailiwick; ie.,
mideast, israel, ‘wmd’s in Iraq’, 9-11, Egypt, etc.; and, as well, are
fallacious in their policy direction, directives, etc.. I mean, beyond their
nefarious undertakings, they look more and more like Maxwell Smarts (‘Get
Smart’) minus ‘99’ every day. Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived without
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. At CIA, mistakes by officers are often
overlooked http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No.
1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] ] Ignatius: ] Egyptian leader's
defiance stuns and angers hundreds of thousands in Cairo who respond with
chants of "revolution, revolution."
Cisco Slump, Mubarak Saga Keep Lid On Stocks [ But guess what? The fraudulent wall street
rally point … ‘news that Egyptian President Hosni Mubarak would step down’ …
never happened! ] ‘Disappointing
earnings projections from Cisco and PepsiCo pressured Wall Street Friday
morning , but news that Egyptian President Hosni Mubarak would step down
buoyed markets by midday and the major indexes essentially flat by the closing
bell.The Nasdaq actually ticked positive to gain 1 point to 2,790, despite
Wednesday’s troubling report from Cisco that included a decline in gross
margins along with its better than expected earnings and revenue. (See “Cisco:
Prelude To Profits, Or Layoffs.” )Cisco’s shares slumped 14.2%, but the rest
of the tech sector as fairly resilient. Apple was also in the news, after a sudden plunge in the 1
p.m. hour on little news before recovering to finish with a 1% decline. (See “Did
Someone Have A Fat Finger On Apple Today?” )Egypt jumped back into the
headlines shortly after the open, with speculation that President Hosni Mubarak
would resign. In a speech that began just before the U.S. markets closed,
Mubarak stopped short of confirming his departure, but did say he would
transfer some of his presidential powers to Vice President Omar Suleiman until
a September election.It was a tough day for companies who rang the closing
bells at NYSE and Nasdaq, since all eyes were on Mubarak’s speech that ran past
the end of trading. The S&P 500 added 1 point to 1,322, while the Dow Jones
industrial average broke its eight-day winning streak with an 11-point decline
to 12,229.Aside from Cisco, a weaker-than-anticipated forecast from PepsiCo
also pressured stocks, overshadowing any enthusiasm for the latest snapshot of
the job market. New jobless claims fell to their lowest level since July 2008
last week, according to the Labor Department, dropping to 383,000. The
four-week moving average was down to 415,500.’
Initial
Jobless Claims Drop to 383,000 [ Come on! Who believes anything they say /
report! ]
Minimum
5% Correction Begins Cooper ‘Minyanville Editor's Note: The following is
a free edition of Jeff
Cooper's Daily Market Report …..Is it getting better?Or do you feel the
same?One (U2) - Carl Jung
Cisco Slump, Mubarak Saga Keep Lid On Stocks [ But guess what? The fraudulent wall street
rally point … ‘news that Egyptian President Hosni Mubarak would step down’ …
never happened! ] ‘Disappointing
earnings projections from Cisco and PepsiCo pressured Wall Street Friday
morning , but news that Egyptian President Hosni Mubarak would step down
buoyed markets by midday and the major indexes essentially flat by the closing
bell.The Nasdaq actually ticked positive to gain 1 point to 2,790, despite
Wednesday’s troubling report from Cisco that included a decline in gross
margins along with its better than expected earnings and revenue. (See “Cisco:
Prelude To Profits, Or Layoffs.” )Cisco’s shares slumped 14.2%, but the rest
of the tech sector as fairly resilient. Apple was also in the news, after a sudden plunge in the 1
p.m. hour on little news before recovering to finish with a 1% decline. (See “Did
Someone Have A Fat Finger On Apple Today?” )Egypt jumped back into the
headlines shortly after the open, with speculation that President Hosni Mubarak
would resign. In a speech that began just before the U.S. markets closed,
Mubarak stopped short of confirming his departure, but did say he would
transfer some of his presidential powers to Vice President Omar Suleiman until
a September election.It was a tough day for companies who rang the closing
bells at NYSE and Nasdaq, since all eyes were on Mubarak’s speech that ran past
the end of trading. The S&P 500 added 1 point to 1,322, while the Dow Jones
industrial average broke its eight-day winning streak with an 11-point decline
to 12,229.Aside from Cisco, a weaker-than-anticipated forecast from PepsiCo
also pressured stocks, overshadowing any enthusiasm for the latest snapshot of
the job market. New jobless claims fell to their lowest level since July 2008
last week, according to the Labor Department, dropping to 383,000. The
four-week moving average was down to 415,500.’
Initial
Jobless Claims Drop to 383,000 [ Come on! Who believes anything they say /
report! ]
Minimum
5% Correction Begins Cooper ‘Minyanville Editor's Note: The following is
a free edition of Jeff
Cooper's Daily Market Report …..Is it getting better?Or do you feel the
same?One (U2) - Carl Jung
Donald
T_rump Would Impose 25% Tax on China Imports if President [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived with
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
… The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No.
1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] ] “I would
announce, without equivocation, a 25% tax increase on anything purchased from
China.”
Sallai Meridor: Israel's
fear (Washington Post) [ Come on! Wake up! Illegal nuke totin’, war crimes
nation israel’s fears … p l e a s e, spare me the pro-israeli b*** s*** ! What
israel fears is a projection of their own ill-founded motives and actions for
which all norms, rules, laws governing civilized behavior are suspended for
expedience at the least, and blood-thirst that some posit as a remnant of their
historic role as Christ-killers (with roman ‘juice’). Isn’t it time, in these desperate times for
america, to put america’s, not israel’s interests, first. Who cares what israel fears … In 1948, U.S.
Secretary of Defense James Forrestal, an opponent of the creation of a Jewish
state in Palestine, warned that, even though failure to go along with the
Zionists might cost President Truman the states of New York, Pennsylvania, and
California, it was about time that somebody should pay some consideration to
whether we might not lose the United States….. Mr. Forrestal was absolutely
correct! Isn’t that exactly what’s happened to defacto bankrupt america in
intractable decline. TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND
ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF
FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD! Israel wary of transition in Egypt, concerned
about regional stability A
resurgent Syria alarms u.s., israel (Washington Post) [ Tell me! What doesn’t alarm these two
paranoid, zionist neo-nazi regimes of oppression, suppression, aggression, and
regression. If they were individuals, they’d undoubtedly be diagnosed as
psychopaths, sociopaths totally ignorant of the rights of others, laws,
civilized behavior as israel pads her illegal nuke arsenals with american
supplied weaponry / support while expecting all other nations to ‘role over and
die’. Bipolar / manic / depressive, the ups and downs are increasingly
difficult for even americans to follow. Obssessive / compulsive thy names are
zionist israel / america. Projection / displacement regarding their own illegal
acts, war crimes, etc.; what they distinguished from what they do …
dissociative identity disorder, dissociative fugue? Yes … the u.s. and israel
are the world’s lunatics, sorely in need of therapy! ] Syria's fresh interference in Lebanon and its
increasingly sophisticated weapons shipments to Hezbollah have alarm officials
and prompt Israel's military to consider striking a Syrian weapons depot. Spreading
unrest raises pressure on Mubarak (Washington Post) An array of new
developments turned against President Hosni Mubarak on Wednesday as Egypt moved
closer to a full rupture between its autocratic government and a growing
popular rebellion. [ Do not talk about
ruptures in the presence of Pharhosni Mubarak he chides the Washington Post!
After all, at 82 years old and 30 years in power, hernias are known to quite
easily happen… Previous: Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what
the Americans say - that Mubarak must stay as president so we can prepare for
new elections,'' said Negad El Borai, a human rights advocate and lawyer in
Cairo. "Mubarak must leave, and then we can talk." … Truth be told,
I’m not shocked. Indeed, though this is only marginally what america / israel
wanted, this will stick to america / israel like glue; that proverbial
albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's
government offers concessions mubarak’s delusions. After all, here’s an 82
year old tyrant, in power for 30 years, yet in some parallel universe appears
to think he’s calling the shots. Other than literal and quite foolish shots
against protesters, even journalists, see infra, there are few indeed that
would trust his mindset, such as it is, much less his judgment, so flawed as he
has now shown it to be. What is obvious is that this long overdue ‘people’s
election’ cannot be thwarted by platitudes and small talk, but resisting the
inevitable will turn an american quasi-ally into an anti-american breeding
ground because there’s just no reconciling a pro-mubarak, however slight,
position with american / israeli, et als war crimes in the region. Restless
Cairo protesters hoping for U.S. support ‘muck-ups’ who can’t handle their own
substantial problems much less those of other nations; and in fact, invariably
exacerbate existing conditions / problems, particularly when pandering to
israel’s self-interested concerns. ] While the ouster of President Hosni
Mubarak remains the most pressing concern for protesters, the role of U.S. is
far from absent in the dialogue. { Previous:
Amid Arab protests, U.S. influence has waned Soros: 'The main stumbling
block is Israel'... Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events
suggested that Mubarak's supporters were determined to show, as he had warned,
that the country faced a "choice between chaos and stability." [
Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous:
Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with alex
jones, et als (who by the way, censored me for this very thesis, which puts him
and his at the top of my hypocrite list), is that the so-called elite have
orchestrated these events and ‘are in control’. First, there are no elites in
this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
} ]
] After
decades of repression, democracy advocates say it could take many months -- if
not years -- to lay groundwork for open and credible elections.
]
Congress
must raise debt ceiling, Bernanke warns (Washington Post) [ Riiiiight, bunglo ben … this from the same
ben who forecasted ‘no-recession’. The fact is, ‘helicopter ben shalom
bernanke’ hasn’t the slightest idea what he’s doing and is the ‘poster boy’,
epitome of that incompetent ivy league vegetable who’s long on rhetoric and cv
but quite short on real results. The only thing that has been true as per his
stated intentions, is an inflated new wall street bubble to and for the benefit
of the wall street frauds. ‘Have printing press, will travel’ … that soldier of
his and their fortune is a man called ‘Palawallstreet’ aka ben shalom bernanke
… which temporary obfuscation with money that’s not really there in real terms
means that beyond the temporary look good/feel good, disaster straight ahead. Bernanke's Worst Nightmare Is This Man's Boxes: Caroline Baum BusinessWeek Feb. 10
(Bloomberg) -- Ben Bernanke arrived at his office a week ago and came face to
face with his worst nightmare. Staring out at the Federal Reserve chairman from
page C1 of the Feb. 3 edition of the Wall Street Journal was a photo ... The Associated Press Video: Republicans
Grill Bernanke Over Inflation, Debt Paul calls Fed's Bernanke "cocky" in House hearing
Reuters [ Yeah … Come on! … The incompetent
‘no-recession helicopter ben’ has nothing whatsoever to be cocky about; he’s
clueless as to what to do; satisfied to be helping the frauds on wall street;
but in the end, this will end … quite badly! ] Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts
and I think bondholders are simply happy to get anything out of a country that
admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ ] ] Fed chairman offers dire
warnings about the damage Congress could wreak if it refrains from raising the
government's debt limit this spring. Rep.
Lee (R-N.Y.) resigns after Craigslist incident (Washington
Post) [
I am truly astounded; and, I say that without even a tinge of sarcasm.
Where is the corpus dilicti here. That he is a fool and somewhat a dummy, if
such is the standard for resignation, then all of capital hill should be
tendering their resignations en masse. After all, aside from the inherent
conflict, and particularly in light of a financial / fiscal / economic disaster
in large part of their own making and compounding by failing to prosecute the
perps and instead accommodate their crimes, ie., FASB rule change, etc., does
not the consistent though undeserved raises they give themselves constitute of
sorts a defalcation of duty, responsibility, and trust. Unlike congress, indeed
all the pervasively corrupt and incompetent branches of u.s. government in
their day-to-day activities / course of business, though tasteless, sleazy,
etc., this so-called incident is without a corpus dilicti. It kind of reminds
me of that scene in ‘Road to Perdition’ when mob kingpin Newman responds (in a somewhat
incredulous, come on, who you kidding way) to former footsoldier Hanks by
reminding him that they’re all murderers (in the room-including Hanks).] Move came after a Web site reported that the
married congressman had e-mailed a shirtless image of himself to a woman he met
online.
CIA's
dilemma in Egypt (Washington Post) [
Come on! How does anyone take these ‘muck-ups’ seriously … As a purported
journalist, Mr. Ignatius should know better. What distracts the agency is
self-interest and greed … yes, greed for themselves, theirs, and a raison
d’etre that assures their continued funding (oh how they miss the cold war, hot
ones will have to do) on top of their private so-called ‘black ops’. They’re
wrong or absent without leave (awol) on major events purportedly within their
bailiwick; ie., mideast, israel, ‘wmd’s in Iraq’, 9-11, Egypt, etc.; and, as
well, are fallacious in their policy direction, directives, etc.. I mean,
beyond their nefarious undertakings, they look more and more like Maxwell
Smarts (‘Get Smart’) minus ‘99’ every day. Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived without
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. At CIA, mistakes by officers are often
overlooked http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No.
1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] ] Ignatius:
Rumors Cause Some Selling: Dave's Daily [But more than a rumor, it is a market top]
‘A rumor making the rounds, later denied, was hedge fund kingpin Paul Tudor
Jones was calling a market top. That caused a bout of selling which naturally
increased volume from those weak handed investors. Nevertheless, PTJ's PR
people stated: "Phooey" and that was that. There may also be some
nervousness over current and impending arrests for insider trading. The bigger
news is the divergence of emerging markets from previous "got to own"
status to just the opposite as some $10 billion has come out of linked ETFs and
markets are selling-off. With rumor denials confirmed meant a sharp late day
recovery rally seemed logical as dip buyers are still ever present. The
obligatory "buy program express" hit the tape late to keep losses to
a minimum while the clear market leader DJIA POMO
and late in the day trading NYSE
Is
the Market Headed for a Sell-Off? Zaky [ Yes … I agree, except that fundamentally the
longer term prospects are even worse than his bearish outlook suggests (don’t
forget the debasement of the dollar, manipulation, and spending / printing
money the nation doesn’t have in real terms behind this manipulated uptick) and
summarized as follows: ‘I suspect that this rally is on its very last legs. We
should see a very healthy 10% or so correction within the next 1-2 week period
... This market is headed for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that
this is but a (manipulated) bull cycle in a secular bear market with
substantially worse to come! ]Kopas ‘In February 2010, we published an article
on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared?
Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived with
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american folklore
/ history / culture. However, the reality is that in america, and certainly
today, the real story with impact is that of ‘The Touchables’. The reality is
that Elliot Ness died a broken man; bankrupt, unable to even win election to
the mayoralty of his then current hometown. He was incorruptible; and hence, in
the real america, unelectable at the least if not also all but unemployable (he
and his are among those few genetic anomalies in america as I’ve previously
alluded to. How far america has fallen from even false perception! Pervasively
corrupt, meaningfully lawless america can’t even fake it anymore. See, for
example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No.
1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] Lounsbury ‘In January
Steven Hansen observed
that, through November, the trade deficit for manufactured goods was the
equivalent of 1.3 million workers earning the median manufacturing wage in the
U.S. Well, the trade deficit has been with us in a major way for nearly two
decades. ..
Drudgereport: Oil
hits $101 again... Paul
Ryan confronts over Fed's purchases of debt... Soaring
debt pushes Portugal towards bailout... House GOP Targets Dozens of Gov't Programs... CUT,
CUT, CUT... White
House to Slash Heating Program for Poor…but still no pros of massive frauds on
wall street which fines and disgorgement of would yield huge amounts to cover
spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts
and I think bondholders are simply happy to get anything out of a country that
admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ ]UNDERDOG:
CNN POLL: 51% SEE NO SECOND TERM FOR OBAMA... 71%
OF ALL VEGAS HOMEOWNERS UNDER WATER... 'New
normal' in housing bust... STRESS... Job
openings fall for second straight month... HOUSE
VOTES NEXT WEEK TO BLOCK OBAMACARE FUNDS WE'RE
ON 'ROAD TO RUIN'
UPDATE:
Egypt sees largest demos since start of revolt... NEW
WORLD TRADES... Global
Stock Exchanges Headed for Major Consolidation... D
Börse, NYSE in advanced talks... London
takes Canada... Exchange
chiefs seek new global powerhouses...
SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's
Mubarak sends in army, resists demands to quit (Reuters) ]
Embattled leader's move falls far short of demands that he give up his 30-year
authoritarian rule, leave the country and permit fresh elections. ]
Debt
relief for states proposed (Washington Post) [ I’ve heard of the ‘blind leading the blind’,
but the ‘bankrupt borrowing from the bankrupt’ seems to be a nouveau american
phenomenon destined for ‘clichedom’.
Previous: Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster
in the making, with consequences even more dire than the grim outlook set forth
by Meridith Whitney, if that could even be fathomed. It’s really going to be
all that bad…see infra, The Economic Collapse, ‘#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think next to
housing this is the single most important issue in the United States and
certainly the largest threat to the U.S. economy.”
Former
Los Angeles mayor Richard Riordan is convinced that things are so bad that
literally 90% of our states and cities could go bankrupt over the next five
years…. ‘ ] Governors across the
ideological spectrum are embracing the politics of austerity in a desperate
effort to balance the books. ] Proposal
would ease financial burden on many state governments in the wake of the
recession. At CIA, mistakes by officers are often
overlooked http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial
processes, etc., Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No.
1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] Four
charged in 'brazen coverup' of insider trading (Washington Post) [ 'The alleged conspirators "lacked a
mobster's better-honed instinct for conversational discretion," said
Janice K. Fedarcyk, head of the FBI's New York field office.'... Isn't that the
truth; not like the big mobsters at goldman sachs, et als, who were well
connected with plenty of juice and whose hard drives, conversations, etc.,
seemed never to make it to the crosshairs of real scrutiny, though any such
prosecution of even the small fries like these wall street frauds should be
welcomed, but with a sense of bewilderment as to how the aforesaid biggest
frauds have yet to be prosecuted for the largest fraud in the history of this
world with the consequences of their fraud 'now marked to anything' as they
cashed out(that legislated FASB rule change / accommodation /complicity). ]
Hedge fund manager allegedly tells colleague: Go to the office and shred
"as much as you can." Humility
on the Nile Will: Maybe
America's finally realizing the limits of its influence abroad. (Washington
Post) [ I believe the power of Mr. Will’s article is twofold: First, that
humility thing for america and the concomitant limits of american influence
abroad. Like no other time in america’s short-lived history, america has a lot
to be humble about. Afterall, america is defacto bankrupt, pervasively corrupt
across all institutions whether they be governmental / judicial / private, and
literally crime-ridden with crime rates exceeding by large margins those of
other so-called civilized / tier one nations. Moreover, much like america’s
commander(s) in chief, wobama the b (for b*** s*** - and war criminal bush),
words are belied by actions / misdeeds. Indeed, the propping up of corrupt /
criminal / oppressive regimes and the war crimes accompanying destruction and
taking of innocent lives are facts lost on no one in this age like never before
of ubiquitously available information which renders america’s once formidable
propaganda machine now impotent in relative terms.Truth / reality works against
america in every way. Second, and as important is that former global dichotomy
that Mr. Will references; viz., the cold war and communism versus
non-communism. No such simple lines now exist, nor can they be drawn owing to
america’s failure, corruption, and meaningful lawlessness on so many levels and
with such negative consequences. ] Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what
the Americans say - that Mubarak must stay as president so we can prepare for
new elections,'' said Negad El Borai, a human rights advocate and lawyer in
Cairo. "Mubarak must leave, and then we can talk." … Truth be told,
I’m not shocked. Indeed, though this is only marginally what america / israel
wanted, this will stick to america / israel like glue; that proverbial
albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's
government offers concessions mubarak’s delusions. After all, here’s an 82
year old tyrant, in power for 30 years, yet in some parallel universe appears
to think he’s calling the shots. Other than literal and quite foolish shots
against protesters, even journalists, see infra, there are few indeed that
would trust his mindset, such as it is, much less his judgment, so flawed as he
has now shown it to be. What is obvious is that this long overdue ‘people’s
election’ cannot be thwarted by platitudes and small talk, but resisting the
inevitable will turn an american quasi-ally into an anti-american breeding
ground because there’s just no reconciling a pro-mubarak, however slight,
position with american / israeli, et als war crimes in the region. Restless
Cairo protesters hoping for U.S. support ‘muck-ups’ who can’t handle their own
substantial problems much less those of other nations; and in fact, invariably
exacerbate existing conditions / problems, particularly when pandering to
israel’s self-interested concerns. ] While the ouster of President Hosni
Mubarak remains the most pressing concern for protesters, the role of U.S. is
far from absent in the dialogue. { Previous:
Amid Arab protests, U.S. influence has waned Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of it’. ‘…In what the U.S. State Department called a
"concerted campaign to intimidate," several dozen journalists were
rounded up by security forces and detained for hours, along with foreigners
working as teachers, engineers and human rights researchers. Across the city,
angry bands of supporters of President Hosni Mubarak also beat journalists;
several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested
that Mubarak's supporters were determined to show, as he had warned, that the
country faced a "choice between chaos and stability." [
Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous:
Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he resorted
to media / internet blackout. Indeed, this lack of sign thing is a testament to
how far from reality 30 years has taken him, not to mention the other 52 years
that have taken their toll on his cognitive processes. Whether it is plaques
‘on the brain’ or outright senility, that he is so disengaged from the events
unfolding around him, one may only wonder how he lasted this long. Nor did his
choice of cia standin / shill, new VP Suleiman enhance his now untenable
position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america particularly
(with few exceptions as I’ve discussed elsewhere / comments / my website), are
inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
} ]
] After
decades of repression, democracy advocates say it could take many months -- if
not years -- to lay groundwork for open and credible elections.
This is that
unmentionable reality as I alluded to earlier on close scrutiny of the data,
‘that stock prices have been manipulated to the upside beyond any and all
rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m
not kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why
the same is considered a contrary market indicator, particularly in these
manipulated, contrived markets). When I did my MBA thesis (1977, NYU, GBA,
Eve.Prog., Finance), a review of the data revealed even then (and much more so
now with computer programmed market manipulation) that the market remained
biased / propped up (artificially, especially now with computerized
manipulation) to the upside for far longer periods of time than for the
downside which meant that dollar-cost averaging (through regular, periodic
investment, for example), meant you were accumulating shares at higher prices
generally for longer periods of time skewing the average cost to the upside
(dollar-cost-averaging in declining markets was ok if analysis / forecast saw
resurgence based on fundamentals - now absent – which is timing, as even senile
wall street / gov’t shill Buffet would attest, that ‘greedy when others are
fearful thing’). Abbott discusses perception which is the psychological factor
involved in security evaluation / analysis; but investors need not and should
become nuts themselves, particularly when as now, the inmates are running the
asylum. ]
QE2
Failure: Investors Flock to Overvalued Stocks Suttmeier ‘The yield on the 30-Year bond rose
to 4.74 on Friday increasing the drag on equity valuations. Both the 10-Year
and 30-Year yields are above their December trading ranges, raising consumer
interest rates such as mortgage rates. Because of this, I say QE2 is a
failure. This is forcing investors to increase allocations to stocks just
when they become less attractive, more overvalued fundamentally and move
overbought technically. Last week, the Dow Industrial Average reached a new
high for the move at 12,092.42. Dow Transports and the Russell 2000 remain
below the highs of mid-January.
·
The
Dow Industrial Average (12,092) begins the week between my monthly value level
at 11,759 and this week’s risky level at 12,142. The weekly chart remains
extremely overbought.
·
The
S&P 500 (1310.9) begins the week my quarterly value level at 1262.5 with
this week’s risky level at 1316.2. The weekly chart remains extremely
overbought.
·
The
NASDAQ (2769) begins the week between my monthly value level at 2611 with a
weekly pivot at 2770 and quarterly risky level at 2853. The weekly chart
remains extremely overbought.
·
Dow
Transports (5056) begins the week between monthly and weekly pivots at 4962 and
5077 and below my annual pivot at 5179, and below the January 18th high at
5256.80. Dow Transports is below its 50-day simple moving average at 5086
and will fall out of overbought territory on its weekly chart this week.
·
The
Russell 2000 (800.11) begins the week above my annual and quarterly value
levels at 784.16 and 765.50 with a weekly pivot at 800.13 with the January 14th
high at 807.89. The weekly chart remains extremely overbought.
·
I
cannot be overly bullish or bearish in the current market environment.
We are trading under another ValuEngine
Valuation Warning - 16 of 16 sectors overvalued and only 34.73% of all stocks
undervalued, below the 35% threshold by this measure.
The US Treasury 10-Year Yield – (3.650)
The trading range set in December has been broken to the upside with my annual
value level at 3.791 and weekly risky level at 3.525.
Comex gold – ($1349.5) Tested my annual
pivot at $1356.5 last week, but could not get a weekly close above that level.
My semiannual value level is $1300.6 with quarterly, weekly and annual pivots
at $1300.6, $1331.3, 1342.8 and monthly, quarterly and semiannual risky levels
are $1412.4, $1441.7 and $1452.6.
Nymex crude oil – ($88.90) Has not been
able to sustain gains above $92 per barrel. I show weekly and monthly pivots at
$91.62 and $91.83 as barriers for this week with my semiannual pivot at $87.52.
The euro – (1.3578) Could not sustain
gains above 1.38 last week. My quarterly value level is 1.3227 with a weekly
pivot at 1.3511 and monthly risky level at 1.4225. The weak euro versus the
dollar on Thursday was offset by perceived positive comments from Fed Chief Ben
Bernanke.
Bernanke Blunders - Fed Chief Bernanke
expects the economy to improve this year with low inflation, despite the jump
in commodity prices. The rise in commodities prices has been a factor for
ten years, and consumers are feeling it at the gas pump, grocery stores and
utilities bills.
The Federal Reserve is more worried
about unemployment, but monetary policy has not helped create jobs on Main
Street USA. Main Street depends upon construction jobs and these jobs are
declining month after month.
Another blunder is the $600 billion
QE2, which is aimed at jump-starting lending and making stock ownership more
attractive. You can not increase lending when consumer rates such as
mortgages are rising, and making stocks a less attractive alternative to US
Treasuries. The main purpose of QE2 is to lower long term US Treasury yields,
but the 10-Year yield is now 133 basis points higher since in October. Sure,
stocks are higher, but buying now puts consumer capital at risk as stocks are
overvalued and overbought. Consumers are buying stocks just as they bought new
homes in 2005 and 2006.
Bank Failure Friday – The FDIC closed
thee more banks last Friday and none were publicly traded.
· 25 banks failed in 2008
· 140 banks failed in 2009 with a peak
of 50 in the third quarter
· 157 banks failed in 2010
· 14 banks have failed year to date in
2011
· 336 banks have failed since the end
of 2007
· I still predict 500 to 800 bank
failures in total by the end of 2012 into 2013.’
Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High [ The
conclusion of the following detailed, documented analysis: ‘Wolinsky :In
conclusion, the market is over-valued based on the above data. Tobin's Q,
Shiller P/E and AAII data are all indicating that investors are too bullish and
valuations are too high.’ ]
Stocks
Remain Poised for Steep Decline McCurdy ‘When the second round of quantitative easing was
announced late last year, Federal Reserve Chairman Bernanke indicated that one
of the primary objectives of the program was to inflate risk assets such as
stocks. In that respect, the program has been an unqualified success, as the
S&P 500 index has now gained more than 26% during the course of 5 months.
However,
as a result, the index P/E ratio has increased to more than 18, and the most
reliable forecasting models based upon current earnings and dividends indicate that expected 10-year annual
returns are now slightly more than 3%, regardless of whether or not the economy
is in fact experiencing a sustained recovery.
Thus,
from a purely investment perspective, stocks are priced to deliver very poor
results during the coming decade. Additionally, the short-term outlook now
favors the development of a potentially violent correction.
On
Friday, the S&P 500 index moved up to another marginal new high for the
rally from September, pushing an overextended advance to yet another extreme.
click
to enlarge images
[chart]
The
current short-term cycle from the end of November is now 46 trading days old,
and it has yet to enter the final decline of the beta phase, suggesting that it
will likely terminate in the 55 to 60 day range. The previous cycle had a
duration of 63 trading days. These are moves of extremely long duration, well
above their historical average of about 39 trading days.
[chart]
Of
course, to truly put the overextended nature of the move in perspective, it
must be viewed in the proper context afforded by the big picture. Below is a
monthly chart of the S&P 500 since the current secular bear market began in
2000.
[chart]
Notice
how the character of market behavior changed materially with the crash in late
2008. Since then, stocks have been moving effectively straight up or straight
down. This type of volatile price action is typical for this stage of the bear
market and indicates that we are still several years away from the terminal
phase of the secular decline.
Returning
to the short-term view, our Cyclical Trend Score (CTS) has been negatively
diverging from price action since October, and the CTS is currently holding
slightly above its December low.
[chart]
Although
the CTS is not a near-term timing indicator, this negative divergence reflects
a gradual deterioration in underlying strength. The developing weakness is also
manifested by broad market internals such as breadth and volume, as both
continue to negatively diverge from price behavior.
[chart]
[chart]
Finally,
our Sentiment Score continues to hold near the lowest level since late 2007,
reflecting irrationally excessive bullishness that leaves the market vulnerable
to an abrupt decline.
[chart]
Of
course, overextended rallies of this type have a tendency to continue making
marginal new highs until, at some point, an unexpected catalyst sets in motion
the inevitable correction, which will likely be fast and furious, wiping out
several weeks of gains in a matter of sessions.
From
a big picture perspective, the character of the next correction should provide
a great deal of clarity with respect to long-term direction. A relatively weak
retracement followed by a return to recent long-term highs would predict a
subsequent breakout and continuation of the cyclical bull market, while a
powerful, sustained downtrend would suggest the development of a long-term
top.’
Is
the Market Headed for a Sell-Off? Zaky [ Yes … I agree, except that fundamentally the
longer term prospects are even worse than his bearish outlook suggests (don’t
forget the debasement of the dollar, manipulation, and spending / printing
money the nation doesn’t have in real terms behind this manipulated uptick) and
summarized as follows: ‘I suspect that this rally is on its very last legs. We
should see a very healthy 10% or so correction within the next 1-2 week period
... This market is headed for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that
this is but a (manipulated) bull cycle in a secular bear market with
substantially worse to come! ]Kopas ‘In February 2010, we published an article
on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared?
The
first benchmark we monitor is U.S. stock prices adjusted for inflation. In this
chart below, we compare the U.S. stock market to the Shiller 10-year
Price/Earnings ratio. This P/E ratio is an indication of investor confidence; a
lack of that signals extreme valuation levels. Our conclusion is that investor psychology is still
too optimistic and has a long way to go before reaching an undervalued stock
market level.
[chart] click
to enlarge
Updating
our duration and valuation benchmarks, again we find progress,
but not yet achieving the truly undervalued levels we expect to see toward the
end of a secular bear market. Based upon previous cycles, it appears we are
only slightly past the half way mark in terms of years, number of recessions,
and valuations. A look at our chart and table comparing this to earlier secular
bear markets illustrates our conclusion. We expect that a major bottom for
inflation adjusted stock prices is still years away before stocks finally
gravitate toward the target area outlined below.
[chart]
New
Benchmark: Tobin Q Ratio
In
this update we introduce another relative valuation benchmark created by Yale
economics professor and Nobel laureate James Tobin, hence the name Tobin’s Q
Ratio. The Q ratio is calculated as the total value of the stock market divided
by the replacement cost of all its companies. Values greater than 1 indicate
stock prices sell above their replacement cost and are therefore “expensive.” A
reading below 1 indicates stocks can be bought below replacement cost and
therefore indicates that it is cheaper to buy a company than to build one.
A
long-term view of the Q ratio gives investors a good understanding of value,
information about current risk levels and a method to assess probable returns
for the long term. Secular bear markets historically bottom when the Q ratio
declines to a bargain level less than .4, meaning stock prices sell for just
40% of replacement value. Today’s reading of 1.03 is above the average reading
of .75 and considerably higher than the average secular low reading of .33. Investors
beware; stocks have considerable more downside potential before the Q ratio
truly reflects a great valuation. Buy and Hold tactics will continue to
frustrate investors, just as they have in the past decade.
[chart]
In
conclusion, none of the benchmarks we evaluate indicate we are anywhere close
to a secular stock market bottom yet. In the meantime, a prudent and profitable investment
strategy should be flexible enough to actively adjust portfolio asset
allocation, depending on where we are in the business cycle and the direction
of the secular trend.’
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January effect’
by way of these manipulated bubble-making buy programs; you know, loosen /
soften the suckers up for the coming year’s new fraud / scam. ] The
'January Effect Market Kumar ‘…January of 1929, for example, was off
to a brisk start as the Dow Jones Industrial Average climbed to 317 from 307.
But investors would be slammed later in the year by a historic stock market
crash that heralded the start of the Great Depression. January of 1987, too,
began nicely. The Dow climbed to 2160 at the end of the month after starting
out at 1927. But Black
Monday would hit investors in October of that year, leading to the sharpest
historical stock market decline in percentage terms. More recently, January
2001 had a strong showing when the Dow Jones finished the month at 10,887 after
starting at 10,646. Those reading it as an auspicious beginning would be hit
first by the further fallout from collapse of the dot-com bubble and then the
massive decline following the September 11 terrorist attacks. See full article from DailyFinance: http://srph.it/cyaPDT ‘… Then, more recently
there’s ‘ The stock market scored a strong gain and locked in its first
positive finish for January since 2007 (we all know what happened after that!
Crash!) with help from the energy sector, which climbed sharply in response to
a spike in oil prices.(Yahoo/Briefing.com) … Higher oil prices … riiiiight! … that
sounds bull(s***)ish … on fraudulent wall street. ]
Egypt
VP favored by Israel to succeed Mubarak, cables show [ Which of course is
the best reason in the world, in addition to suleiman being both mubarak’s and
the cia’s choice, to not allowing that succession to go forward being contrary
to all notions of democracy (the dictator’s choice?). ] Israel has long seen Omar Suleiman, Egypt’s
recently appointed vice president, as the successor to Egyptian President Hosni
Mubarak, US State Department cables released by secrets outlet WikiLeaks show.
Drudgereport: UNDERDOG:
CNN POLL: 51% SEE NO SECOND TERM FOR OBAMA... 71%
OF ALL VEGAS HOMEOWNERS UNDER WATER... 'New
normal' in housing bust... STRESS... Job
openings fall for second straight month... HOUSE
VOTES NEXT WEEK TO BLOCK OBAMACARE FUNDS WE'RE
ON 'ROAD TO RUIN'
UPDATE:
Egypt sees largest demos since start of revolt... New
video shows brutal mob justice... Israel
Army Chief: Prepare for all-out war... Released
GOOGLE exec reveals he was behind FACEBOOK page... Freed
young leader energizes protests... Saboteurs
attack gas pipeline; cuts off flow to Israel, Jordan... CAIRO
DAY 12: Locked in standoff... Mubarak
clings to power as son quits ruling party... Gov't
seeks to ease Mubarak out... Hopes
to ride out protest wave... Anderson
Cooper in 'Undisclosed Location' After Another Attack; Couric, Williams Flee
Egypt... GOOGLE
Exec Who Went Missing In Egypt Now Spokesman For Opposition Group... MOTOROLA
AD MOCKS 'APPLE ZOMBIE SOCIETY'... Mafia
'holds Silvio Berlusconi photos'... SUPER
BOWL MOST-VIEWED TV IN HISTORY... THE
PACK PULLS IT OUT
Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster
in the making, with consequences even more dire than the grim outlook set forth
by Meridith Whitney, if that could even be fathomed. It’s really going to be
all that bad…see infra, The Economic Collapse, ‘#10 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think next to
housing this is the single most important issue in the United States and
certainly the largest threat to the U.S. economy.”
Former
Los Angeles mayor Richard Riordan is convinced that things are so bad that
literally 90% of our states and cities could go bankrupt over the next five
years…. ‘ ] Governors across the
ideological spectrum are embracing the politics of austerity in a desperate
effort to balance the books. Egypt protests continue as Mubarak's
government offers concessions (Washington Post) [ Come on!
Let not all of us join america’s / israel’s, et als, and mubarak’s delusions. After all, here’s an 82
year old tyrant, in power for 30 years, yet in some parallel universe appears
to think he’s calling the shots. Other than literal and quite foolish shots
against protesters, even journalists, see infra, there are few indeed that
would trust his mindset, such as it is, much less his judgment, so flawed as he
has now shown it to be. What is obvious is that this long overdue ‘people’s
election’ cannot be thwarted by platitudes and small talk, but resisting the
inevitable will turn an american quasi-ally into an anti-american breeding
ground because there’s just no reconciling a pro-mubarak, however slight,
position with american / israeli, et als war crimes in the region. Restless
Cairo protesters hoping for U.S. support ‘muck-ups’ who can’t handle their own
substantial problems much less those of other nations; and in fact, invariably
exacerbate existing conditions / problems, particularly when pandering to israel’s
self-interested concerns. ] While the ouster of President Hosni Mubarak remains
the most pressing concern for protesters, the role of U.S. is far from absent
in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events
suggested that Mubarak's supporters were determined to show, as he had warned,
that the country faced a "choice between chaos and stability." [
Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous:
Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
} ]
Obama
prods U.S. firms to help economy (Washington Post) [ Sounds like a plan! Riiiiight!
Unfortunately wobama, unlike capital hill, and with bean-counters /
number-crunchers / financial analysts paid to look beyond your next election
cycle, there are few if any rational investment projects that comport with your
politicking goals, particularly in light of your perpetual wars and the defacto
bankruptcy of the nation … The
Gipper's true heirs (Washington Post) [ ‘Wobama the b’ (for b*** s***),
quite remarkably, seems to imply he is one. Yet, his ‘ask what you can do for
your country’ entreaty to the ‘corporate execs’ (wake up wobama, they’ve
already done it, shifting production / jobs irrevocably overseas, etc., while
engaging in the largest fraud by way of wall street in the history of the
world, with apparent impunity I might add as per professional criminal courtesy
via you and your department of injustice) sounds awfully John F. Kennedyish;
yet never the twain should meet (in fact, Reagan and his friend, William Holden
reportedly lifted a glass and cheered Kennedy’s assassination – not totally
ill-intended since they bought into that ‘Kennedy treason’ propaganda being
pushed by the cia et als. Actually, Reagan’s greatest (and most unlikely going
in) achievement was the peaceful transition from communism he helped initiate
and facilitate with Russia’s rational and astute Mikhail Gorbachev which made
way for substantial peace dividend for both nations.) Yes, wobama seems to be
suffering from a form of multiple personality disorder which has invariably
been interposed in defense of missteps and ‘bad behavior’, but as is true now,
without success. ] Robinson:
Republicans claim the Reagan mantle, but Democrats act almost like Reaganites.
Stocks
Remain Poised for Steep Decline McCurdy ‘When the second round of quantitative easing was
announced late last year, Federal Reserve Chairman Bernanke indicated that one
of the primary objectives of the program was to inflate risk assets such as
stocks. In that respect, the program has been an unqualified success, as the
S&P 500 index has now gained more than 26% during the course of 5 months.
However,
as a result, the index P/E ratio has increased to more than 18, and the most
reliable forecasting models based upon current earnings and dividends indicate that expected 10-year annual
returns are now slightly more than 3%, regardless of whether or not the economy
is in fact experiencing a sustained recovery.
Thus,
from a purely investment perspective, stocks are priced to deliver very poor
results during the coming decade. Additionally, the short-term outlook now
favors the development of a potentially violent correction.
On
Friday, the S&P 500 index moved up to another marginal new high for the
rally from September, pushing an overextended advance to yet another extreme.
click
to enlarge images
[chart]
The
current short-term cycle from the end of November is now 46 trading days old,
and it has yet to enter the final decline of the beta phase, suggesting that it
will likely terminate in the 55 to 60 day range. The previous cycle had a
duration of 63 trading days. These are moves of extremely long duration, well
above their historical average of about 39 trading days.
[chart]
Of
course, to truly put the overextended nature of the move in perspective, it
must be viewed in the proper context afforded by the big picture. Below is a
monthly chart of the S&P 500 since the current secular bear market began in
2000.
[chart]
Notice
how the character of market behavior changed materially with the crash in late
2008. Since then, stocks have been moving effectively straight up or straight
down. This type of volatile price action is typical for this stage of the bear
market and indicates that we are still several years away from the terminal
phase of the secular decline.
Returning
to the short-term view, our Cyclical Trend Score (CTS) has been negatively
diverging from price action since October, and the CTS is currently holding slightly
above its December low.
[chart]
Although
the CTS is not a near-term timing indicator, this negative divergence reflects
a gradual deterioration in underlying strength. The developing weakness is also
manifested by broad market internals such as breadth and volume, as both
continue to negatively diverge from price behavior.
[chart]
[chart]
Finally,
our Sentiment Score continues to hold near the lowest level since late 2007,
reflecting irrationally excessive bullishness that leaves the market vulnerable
to an abrupt decline.
[chart]
Of
course, overextended rallies of this type have a tendency to continue making
marginal new highs until, at some point, an unexpected catalyst sets in motion
the inevitable correction, which will likely be fast and furious, wiping out
several weeks of gains in a matter of sessions.
From
a big picture perspective, the character of the next correction should provide
a great deal of clarity with respect to long-term direction. A relatively weak
retracement followed by a return to recent long-term highs would predict a
subsequent breakout and continuation of the cyclical bull market, while a
powerful, sustained downtrend would suggest the development of a long-term
top.’
Valuation
Warning Continues for Stocks Minyanville
‘Editor's Note: This article was written by Richard Suttmeier, chief market
strategist at ValuEngine.com ,
which is a fundamentally based quant research firm… Bernanke Blunders -- Fed Chief Bernanke expects the economy to improve
this year with low inflation, despite the jump in commodity prices. The rise in
commodities prices has been a factor for 10 years, and consumers are feeling it
at the gas pump, grocery stores and utilities bills.Bank Failure Friday -- The FDIC closed three more banks last Friday and
none were publicly traded.
25 banks failed in 2008 140 banks failed in 2009 with a peak of 50 in
the third quarter 157 banks failed in 2010 14 banks have failed year to date in 2011 336 banks have failed since the end of 2007 I still predict 500 to 800 bank failures in
total by the end of 2012 into 2013. ‘
Beware:
True Unemployment Is Closer to 10%
The Burden of Lower Growth and More Frequent Recessions Mauldin ‘The following is a preview of my new book, Endgame,
out and in the bookstores next month. This is the beginning of chapter four,
and it stands alone quite nicely. It will print out a little longer than
normal, as there are a lot of graphs. My co-author Jonathan Tepper and I deal with
why there will be slower growth, more volatility, and more frequent recessions
in our future.
We’re optimists
by nature. The natural order of the world is growth. Trees tend to grow, and
economies do, too. Real economic growth solves most problems and is the best
antidote to high deficits, but the problems that we have now won’t be solved by
growth. They’re simply too big. Unless we have another Industrial Revolution or
another profound technological revolution like electrification in the 1920s or
the IT revolution in the 1990s, we will not be able to grow enough to pull
ourselves out of the debt hole we’re in.
After the dot-com
bust in 2000, the phrase “the muddle through economy” (a term coined by John)
best described the U.S. economic situation. The economy would indeed be
growing, but the growth would be below the long-term trend (which in the United
States is about 3.3 percent) for the rest of the decade. (Indeed, growth for
the decade was an anemic 1.9 percent annualized, the weakest decade since the Great
Depression. Muddle through, indeed.)
The muddle
through economy would be more susceptible to recession. It would be an economy
that would move forward burdened with the heavy baggage of old problems while
facing the strong headwinds of new challenges. The description of the world was
accurate then, and it is even more accurate now. In March 2009, when almost
everyone was predicting the apocalypse, it was hard to see how things could
improve. The GDP turned around, industrial production has shot up, retail sales
have bounced back, and the stock market rebounded strongly. Everything has
turned up. However, GDP growth is slowing in the United States as we write in
November 2010. Compared with previous recoveries, growth does not look that
great, and people don’t feel the recovery. This is unlikely to change.
The muddle
through economy is the product of a few major structural breaks in the world’s
economies that have important implications for growth, jobs, and when we might
see a recession again. The U.S. and most developed economies are currently
facing many major headwinds that will mean that going forward, we’ll have
slower economic growth, more recessions, and higher unemployment. All of these
are hugely important for endgame since they vastly complicate policy making.
Lower growth will
make our fiscal choices that much scarier. Importantly, these big changes also
mean that governments, pension funds, and even private savers are probably
making unreasonably rosy assumptions about how quickly the economy and asset
prices will be able to increase in the future. As endgame unfolds, the reality
of these big changes will set in.
Three Structural Changes
Investors are good at absorbing short-term
information, but they are much less successful at absorbing bigger structural
trends and understanding when secular breaks have occurred. Perhaps investors
are like the proverbial frogs in the frying pan and do not notice long, slow
changes around them. There are three large structural changes that have
happened slowly over time that we expect to continue going forward. The U.S.
economy will have:
1. Higher volatility
2. Lower trend growth
3. Higher structural levels of unemployment (The
United States here is a proxy for many developed countries with similar
problems, so much of this chapter applies elsewhere.)
1. Higher Volatility
Before the crash of October 2008, the world was
living in “the great moderation,” a phrase coined by Harvard economist James
Stock to describe the change in economic variables in the mid-1980s, such as
GDP, industrial production, monthly payroll employment, and the unemployment
rate, which all began to show a decline in volatility. As Figures 4.1 and 4.2
from the Federal Reserve Bank of Dallas show, the early 1980s in fact
constituted a structural break in macroeconomic volatility. The GDP became a
lot less volatile. As did employment.
The great moderation was seductive, and government
officials, hedge fund managers, bankers, and even journalists believed “this
time is different.” Journalists like Gerard Baker of the Times of London
wrote in January 2007: Welcome to “the Great Moderation”: Historians will
marvel at the stability of our era. Economists are debating the causes of the
Great Moderation enthusiastically and, unusually, they are in broad agreement.
[chart]
[chart]
Good policy has played a part: central banks have got
much better at timing interest rate moves to smooth out the curves of economic
progress. But the really important reason tells us much more about the best way
to manage economies. It is the liberation of markets and the opening-up of
choice that lie at the root of the transformation. The deregulation of
financial markets over the Anglo-Saxon world in the 1980s had a damping effect
on the fluctuations of the business cycle ... The economies that took the most
aggressive measures to free their markets reaped the biggest rewards.
In retrospect, this line of thinking looks hopelessly
optimistic, even deluded. We do not write this to pick on Gerard Baker, but
rather to point out that low volatility breeds complacency and increased risk
taking. The greater predictability in economic and financial performance led
hedge funds to hold less capital and to be less concerned with the liquidity of
their positions.
Those heady days are now over, and we have now
entered “the great immoderation.” One can confidently say that 2008 represents
a structural break, moving back toward a period of greater volatility. Robert
F. Engle, a finance professor at New York University who was the Nobel laureate
in economics in 2003, has shown that periods of greatest volatility are
predictable. Market sessions with particularly good or bad returns don’t occur
randomly but tend to be clustered together. The market’s behavior illustrates
this clustering. Volatility follows the credit cycle like night follows day,
and periods following credit booms are marked by high volatility, for example,
2000–2003 and 2007–2008.
The period of low volatility of GDP, industrial
production, and initial unemployment claims is now over. For a period of more
than 20 years, excluding the brief 2001–2002 recession, volatility of real
economic data was extremely low, as Figure 4.3 shows. Going forward, higher
economic volatility, combined with a secular downtrend in economic growth, will
create more frequent recessions. This is likely to lead to more market
volatility as well.
[chart]
You can measure economic volatility in a variety of
ways. Our preferred way is on a forward-looking basis. We have seen the highest
volatility in the last 40 years across leading indicators, as Figure 4.4 shows.
These typically lead the economic cycle. This only means one thing, higher
volatility going forward.
For far too long, volatility was low and bred
investor complacency. Going forward, we can expect a lot more economic and
market volatility. We have had a strong cyclical upturn, but we will continue
to face major structural headwinds. This means more frequent recessions and
resultant higher volatility.
If we look at Japan following the Nikkei bust in 1989,
we can see that volatility increased. Note that before the peak in the Nikkei,
volatility had been largely subdued, with periodic movements corresponding to
increases in the level of the market. As Figure 4.5 shows, following the crash,
stock market volatility increased markedly, and volatility to the downside
became far more prevalent.
[chart]
Equity volatility follows the credit cycle. If you
push commercial and industrial (C&I) loans forward two years, it predicts
increases in the Market Volatility Index (VIX) almost down to the month. We
should expect heightened episodes of volatility for the next two years at a
minimum. (See Figure 4.6.)
Fixed-income volatility also follows the credit cycle
with a two-year lag. Figure 4.7 shows how the Fed Funds rate lags Merrill
Lynch’s MOVE Index, which is a measure of fixed-income volatility, by three
years.
[chart]
Another very good reason to believe we’ll continue to
have high volatility even after we recover from the hangover of the credit
binge is that the world is now much more integrated. This is a paradox and may
seem hard to believe, but increased globalization actually makes the world more
volatile through extended supply chains! (See Figure 4.8.)
Production in Japan, Germany, Korea, and Taiwan fell
far more during the 2007–2009 recession than U.S. production fell even during
the Great Depression. Not only was the downturn steeper than during the Great
Depression but also the bounce back was even bigger.
This is truly staggering. If you believed in globalization,
supply chain management, and deregulation, you would have thought they would
lead to greater moderation, but the opposite happened. This was due to the
credit freeze that particularly hit export-oriented economies because trade
credit temporarily dried up. It was not about globalization per se.
Why has the world economy been so volatile? One of
the main reasons is exports. If you look at exports as a percentage of GDP
since the end of the Cold War, you’ll see that in almost all countries around
the world, exports have rapidly risen in the last 20 years. In Asia, they have
doubled, in India they have tripled, and in the United States they have
increased by 50 percent. This makes us all more interconnected, and it means
that supply chains become longer and longer.
Longer supply chains have enormous macroeconomic
implications. As the Economic Cycle Research Institute points out, we’re now
experiencing the bullwhip effect, “where relatively mild fluctuations in end
demand are dramatically amplified up the supply chain, just as a flick of the
wrist sends the tip of a bullwhip flying in a great arc.” The bullwhip effect
makes greater export dependence very dangerous to supplier countries, which
only contributes to cyclical volatility. This is easily seen in Figure 4.9.
That is why Asian countries had some of the largest downturns and steepest
upturns in the Great Recession and the following recovery.
[chart]
2. Lower Trend Growth
We are also seeing a secular decline over the last
four cycles in trend growth across GDP, personal income, industrial production,
and employment. You can see that in Figure 4.10.
Another view of declining trend growth is the decline
in nominal GDP. Figure 4.11 shows that the 12-quarter rolling average has been
on a steady decline for the last two decades.
[chart]
A combination of lower trend growth and higher
volatility means more frequent recessions. Put another way, the closer trend
growth is to zero and the higher volatility is, the more likely U.S. growth is
to frequently dip below zero. Figure 4.12 shows a stylized view of recessions,
but as trend growth dips, the economy will fall below zero percent growth more
often.
Higher volatility has very important implications for
equity and bond investors across asset classes. Indeed, the last three economic
expansions were almost 10 years, but in previous decades, they averaged four or
five years. From now on, we are apt to see recessions every three to five
years.’
Find
A Job? Good Luck In This Economy – 10 Reasons Why The Latest Unemployment
Numbers Are No Reason To Cheer ‘The U.S. government is telling us that the
unemployment rate fell all the way down to 9.0% in January. Should we all
cheer? The Economic Collapse Feb 6,
2011 The U.S. government is telling us that the unemployment rate fell all the
way down to 9.0% in January. Should we all cheer? Is it now going
to be a lot easier to find a job? Has the economy finally turned
around? Are happy days here again? Well, it is a good thing to have
a positive attitude, but the truth is that there is just not much to cheer
about when you take a closer look at the recent unemployment numbers.
First of all, the U.S. economy only added 36,000 jobs in January.
Economists had been expecting an increase of about 145,000 jobs, and an
increase of 150,000 jobs per month is necessary just to keep up with population
growth. So why did the unemployment rate go down? Well, the
government says that over half a million Americans suddenly dropped out of the
labor force in January. That doesn’t make a lot of sense, but this is how
the government calculates their numbers. So what happened to those
500,000 Americans? Did they all win the lottery? Have they all
become independently wealthy? Did they all die? No, the vast
majority of them are still around and the vast majority of them still
desperately need jobs. It is just that the government does not count them
as “looking for work” anymore.It would be great if the employment situation in America
actually was getting better. All the time people send me absolutely
heartbreaking stories about what they have had to endure in this economy.
Soon I hope to share some of those stories with you all. It is hard to
try to describe the absolute horror that many Americans are going through right
now.People would like to believe that things are going to get better, but
unfortunately that is just
not going to be the case . The government can try to massage the
numbers to make them look better, but the truth is that the tens of millions of
American families that are deeply suffering right now are not fooled.
The following
are 10 statistics that reveal that the latest unemployment numbers from the
government are no reason to cheer….
#1 According
to CNBC , economists were expecting the U.S. economy to add 145,000 jobs
during January. Obviously the 36,000 figure was a huge disappointment.
#2 Approximately 150,000
jobs need to be added to the economy each month just to keep up with
population growth.
#3 The government jobs report also indicated that 504,000
Americans “dropped out of the labor force” in January. That may make the
unemployment numbers look better, but the truth is that the vast majority of
those 500,000 Americans still need incomes and still need jobs.
#4 According to the latest numbers from Gallup, the
unemployment rate actually increased
to 9.8% at the end of January.
#5 Gallup’s measure of “underemployment” (those that
are unemployed plus those that are working part-time but want full-time
employment) was sittingat
18.9% at the end of January.
#6 As I reported yesterday, there are approximately 28
million Americans that would like full-time jobs but that don’t have
full-time jobs.
#7 According to Zero Hedge, the number of Americans
that are “not in the labor force” but that would like a job right now has
hit an all-time record high . If you add all of those people into the
official unemployment figure it
would jump to 12.8% .
#8 According
to Calculated Risk , this is the deepest and most brutal employment downturn
that the United States has experienced since World War II. The current
employment downturn started 37
months ago and there doesn’t seem to be any indication that we will return
to pre-recession levels any time soon.
#9 The U.S. Labor Department has also announced that
job growth during 2010 was much weaker than they had previously reported. The
numbers for 8 months were revised down, and the numbers for 4 months were
revised up. After all of the revisions are accounted for, it turns out that a
total of
215,000 fewer jobs were created during 2010 than originally calculated.
#10 According to one brand new survey, 4
out of every 10 Americans are struggling “a lot” to pay the bills right
now.
The situation
is not pretty out there. The U.S. needs tens of millions more jobs than
we have right now.
So where are
all of our jobs going? The video posted below contains some very strong
hints. The truth is that globalism is
ripping our economic infrastructure apart , and all of the crazy rules and
regulations we keep heaping on business are not helping either….U.S. workers
have been merged into a “global labor pool” where we are expected to directly
compete for jobs with people making slave labor wages on the other side of the
globe.The more time you spend thinking about that, the more you start realizing
that the standard of living of average American families is going to continue
to decline.Unfortunately, as I wrote about in a recent article entitled “Nothing
Is Stable Anymore “, the world is changing faster today than at any other
time during our lifetimes. Everything that we used to assume about
employment, money, our economy and our finances is being turned upside
down. We now live in a world where very little can be taken for
granted.2011 has already been a very tumultuous year. The world is being
transformed. Nobody knows for sure what is going to happen next.One thing
to really keep an eye on is the price of oil. Right now, large
numbers of investors are betting that the price of oil will rise to $125 a
barrel by May. Shockingly, some investors are even betting that the price
of oil will
rise to $250 a barrel by next December.If oil starts to spike dramatically,
it will have tremendous implications for the U.S. economy. Our entire
economic system runs on oil. The price of oil affects the price of
everything else.If the price of oil keeps going up it is inevitably going to cause
a slowdown in the U.S. economy and it will cause the unemployment situation to
get even worse.So be glad that the employment situation is at least somewhat
stable for now, because if things take a bad turn for the worse in 2011 who
knows what kind of unemployment numbers we’ll be talking about a year from
now.’
Hedge
Fund Manager Bill Fleckenstein: Fed Money Printing to Cover Bank Theft Is
Leading to Food Inflation Worldwide [ People really don’t comprehend the
enormity of this reality / fraud /theft which is far more injurious than even
set forth here with dire consequences to come. ] Dylan Ratigan says that the
Fed is printing money to cover enormous theft by the big banks, and that money
printing is leading to food inflation worldwide. (Bad weather and speculation
on commodities are obviously also contributing to rising food prices).
Drudgereport: WE'RE
ON 'ROAD TO RUIN'
BIG
SIS TELLS SUPER BOWL ATTENDEES: 'SEE SOMETHING, SAY SOMETHING'... Everyone
entering stadium to get a patdown... Saboteurs
attack gas pipeline; cuts off flow to Israel, Jordan... CAIRO
DAY 12: Locked in standoff... Mubarak
clings to power as son quits ruling party... Gov't
seeks to ease Mubarak out... Hopes
to ride out protest wave... Anderson
Cooper in 'Undisclosed Location' After Another Attack; Couric, Williams Flee
Egypt... GOOGLE
Exec Who Went Missing In Egypt Now Spokesman For Opposition Group... MOTOROLA
AD MOCKS 'APPLE ZOMBIE SOCIETY'... Mafia
'holds Silvio Berlusconi photos'... SUPER
BOWL MOST-VIEWED TV IN HISTORY... THE
PACK PULLS IT OUT
Budget
freeze hampers oversight, SEC chair says (Washington Post) [ Well, now we
know the real reason behind the spending freeze. It always was a bit of a
stretch to say that was because of their seriousness regarding
deficit-reduction which is a catch-phrase but myth at best. That said, in light
of wobama’s et als’ failure to live up to campaign promises regarding
prosecution of the blatant frauds on wall street, it seems that the absence of
the $200 million will be interposed as an excuse for planned failure. After
all, at every turn, the frauds on wall street were given every opportunity to
cover their tracks and keep their booty. The attorney general’s office, u.s.
attorneys and wobama the b are the worst offenders concerning the
foregoing. ] Mary L. Schapiro says the
freeze is compromising the agency's ability to police the financial markets. Defacto bankrupt, fraudulent america also spends more on
offensive (defensive a misnomer / propaganda) military spending than all the
nations of the world combined, and by a large margin at that. Do you see a
pattern emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No.
1). … The following youtube video is well worth the
look and explains how and why the frauds on wall street have gotten away with
their devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white victims
US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ]
Iran's
Khamenei says uprisings represent 'defeat' for U.S.
(Washington Post) [ No matter how you slice it, dice it, or euphemise about
it, these are indeed substantial, irrevocable losses for the u.s.; but
importantly, of america’s own making; self-defeat if you will, compounded by a
slew of bad choices. Sadly, Ayatollah Ali Khamenei is quite correct when
he states: israel .’
Unfortunately, as has become crystal clear from america’s perpetual war in the
region, the people have invariably figured last in america/israel’s unbalanced
equations. ] ] Drop in jobless rate from 9.4 percent to 9
percent offers little comfort because a separate survey of employers shows that
job growth was anemic in January, with employers adding only 36,000 jobs. Milbank: Rumsfeld
offers no apology on Iraq (Washington Post) [ Well, journalistically
speaking, you know Mr. Milbank’s hit the bottom of the barrel when he leads his
article with a quote seemingly as a purported standard from war criminal dumbya
bush who probably didn’t even understand the words he was regurgitating (see ,
ie., bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
- sadly, wobama probably understands the words but forgets his prior words
contradicting same, campaign promises particularly, and hence, failed
presidents both). Who cares about what would be meaningless apologies from
these incompetent psychopaths.
(2-3-11) Rumsfeld
Finally Confesses He Was Wrong About WMD In New Autobiography [ Nice to know … a nation’s bankruptcy
(america) and another nation’s destruction (Iraq) later. ] Former Defence
Secretary Donald Rumsfeld has finally confessed he was wrong to claim America
knew where Saddam Hussein had stockpiled weapons of mass destruction in the
first days after the Iraq invasion.
Previous: Words are cheap, in america particularly … I don’t believe
anything they say and then, as I said, words are cheap. ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m no fan of sarah palin’s
although I am constrained to admit that as a fan of Saturday Night Live, I do
appreciate her contribution to comedic content in the show. That said, this new ‘tempest in a teapot’ of
her own making is a bit overdone. After all, it should be common knowledge by
now, to put it mildly, that she is quite dumb; and, like that burnt out, dumb,
war criminal and moron, dumbya bush (see , ie., bushisms from bush the
brain-damaged moron http://albertpeia.com/bushisms.htm ),
she also has trouble with words; more specifically, the meanings of words. But
it is also true that wobama and his ilk have trouble with words and their
meaning, particularly when those spoken words are measured against what he
does, his ilk never seeming to discern the glaring difference … wobama the ‘b’ for
b*** s***. Lamentably (by her) and unexpectedly for palin was her failure to
fully understand ‘that jewish thing’ attached to the phrase and the tender
sensibilities of those who previously have been among the ranks of what seems
more and more to be a somewhat offbeat fanclub of sorts. Yeah, that ‘never here
the end of it’ jewish stereotype of paranoid sensibilities to religious /
ethnic prejudice / slur behind some word, phrase, or even a sneeze (spielberg’s
childhood memories) can wind up turning around and biting you’re a** !
Previously: Krauthammer: Beyond
Ariz., a reckless charge (Washington
Post) [ If it were only that simple; viz., a palin ( I’ve previously said I’m
more concerned with her level of stupidity, dumb enough in an infantile way to
prove she had gonads by pressing the button – never goin’ to happen, her being
in that position), a beck, a bush, a wobama (Drudgereport: OBAMA
FLASHBACK: 'If They Bring a Knife to the Fight, We Bring a Gun'... , etc., there’d be hope for pervasively corrupt
defacto bankrupt america. The fact is, the problem is inherent to america /
americans themselves as I previously wrote here and reiterate: Will: Half-baked
explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The
foregoing are in no short supply in defacto bankrupt, meaningfully lawless,
pervasively corrupt, fraud prevalent america. See, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Moreover, Mr. Will as an oftimes
apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc.,
america, with crime rates exceeding by far those of any other so-called
civilized nations, might indeed find himself among those he’s so categorized.
Among the last separate page sections to my website will be a somewhat detailed
psychoanalytic evolutionary profile of the u.s. (one might ask who am I to do
so which is fair comment to which I would reply, read it, or not, your choice).
However, for the nonce, let me say that the it is no small coincidence that the
20th century has been dubbed ‘the american century’. That the 20th
century has been considered the bloodiest is at once the natural concomitant of
the foregoing reality. Keeping in mind the so-called ‘selective’ processes in
both insurance (adverse) and evolutionary (Darwinian) terms, and as well, the
psychology of it all from a behavioral perspective, america has indeed evolved.
From the genocide of indigenous populations, to outlandish propaganda in
support of same (ie., that ‘manifest destiny’ balderdash with overtones of
religiosity spoonfed since elementary school, etc.), to contrived conflict /
war, such, euphemistically bad behavior has been reinforced, some of which
conditioning not always purposeful, ie., the ever greater frauds perpetrated on
wall street for which there have been in large part no real punitive
consequences to the perpetrators; but, to the contrary, great financial rewards
though substantially detrimental to the majority. Despite the surface appeal,
that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the
few seeking seeking religious freedom (ie., Puritans among some others), most
then new americans were such disaffected rejects of their former homelands that
desperation at best was motivation for travel to the wilds of the ‘so-called
new world’ as opposed to intelligent, rational choice; criminals, mentally ill,
the not-so-bright but ruthless populating the new nation in disparate numbers
toward the ends consistent with greed and common criminality, corruption, and
venality. As of the age of the dinosaurs, the american century has passed into
the annals of a history replete with self-generating terrorism within and
without (that blowback thing). DRUDGEREPORT:
NATION
SHOCKED: CONGRESSWOMAN SHOT IN TUCSON
White
House mulls Egypt options as protests persist Pro-democracy
demonstrators stage 'Day of Departure' rallies (Washington Post) [ It truly is difficult to
even imagine such a scenario as ‘a transition process that would allow Mubarak
to remain as a figure head until new elections’, though the same probably
comports with america’s own pervasively corrupt style of politics as usual
(wobama a glaring current example of
actions belying words, war criminal dumbya bush, et als) which has
spelled intractable decline for america domestically and internationally
(probably also comports with israel’s aims at the expense and to the detriment
of Egypt and Egypt’s citizens – also gives the cia time to do their deals which
could be whatever nefarious money-making / power brokering scheme comes to
mind). In corrupt, defacto bankrupt america, facades count more than reality. Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters.
Amid Arab protests, U.S. influence has waned Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events
suggested that Mubarak's supporters were determined to show, as he had warned,
that the country faced a "choice between chaos and stability." [
Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous:
Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which puts
him and his at the top of my hypocrite list), is that the so-called elite have
orchestrated these events and ‘are in control’. First, there are no elites in
this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
] Fragile steps to end crisis seen as plans
take shape for a transition process that would allow Mubarak to remain as a
figure head until new elections.
Ignored but
Important - What Omitted Jobs Data means for Stocks [ What it means is that when there are no
jobs, and everyone has stopped looking, there will be full employment which of
course, is rally time for stocks … riiiiight! ] Maierhofer, see entire article
infra: ‘…The headline unemployment rate (U-3) reported by the BLS fell to 9%,
the lowest level since April 2009. How can the unemployment rate drop 0.4% if
only 36,000 jobs were added? (Much worse than the 140,000 expected – stocks
still rallied) 36,000 aren't even enough to provide jobs for a quarter of
graduates…’ Riiiiight! … that fudge factor/fraud; viz., discouraged / stopped
looking … What total b*** s***! How desperate they are! Previous: Initial
Claims Drop More Than Expected [ Come on! Who believes anything they say
and at what cost with money not really there in pervasively corrupt, defacto
bankrupt america, with manipulated programmed suckers’ rally into the close.
…‘In the U.S. market, Slothower concludes: “This is a hard one to gauge, given
the QE2 manipulations verses skyrocketing food and energy prices, which have
now reached prices levels that have choked off growth in the past and caused
recessions, as we saw in 2008 when oil prices hit $100 a barrel (in March of
that year).” “It is like walking in a mine field. You move very carefully now
with your eyes wide open and on every move, knowing that any day something out
of the blue could blow thing up, given these extreme risks.” But he’s now only
70% in cash. The balance is split equally between: iPath Dow Jones-AIG Grains
Total Return Sub-Index …’ Minyanville's
T3 Weekly Recap: Growing Disconnect Between Market and Economy/World ‘ Bernanke said in his comments yesterday
that he is responsible for higher stock prices, but not necessarily for
sky-rocketing global food prices. Well, you can't have it both ways, Ben. By
propping up asset prices when economic data doesn't match the ferocity of the
stock market rally, the Fed is potentially creating another bubble of
sorts.Just look at today's non-farm payrolls number: There was a gain of only
36,000 jobs when 140,000 were expected. Also, unemployment fell to 9.0% -- a
positive sign for the layman, but an ominous sign for the more keen eye.
Nine-hundred thousand discouraged job-hunters left the labor force this month,
after 500,000 left in the previous month. It's hard to see optimism in the
stock market continue unabated while so many Americans remain jobless…’ ‘Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers ink stains
up to his neck, Bernanke spoke Thursday to the Press Club stating, among other
things, "inflation remains quite low". He continued saying,
"Since August, when we announced our policy of reinvesting maturing
securities and signaled we were considering more purchases, equity prices have
risen significantly...") I believe that sums things up from an investing Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following detailed,
documented analysis: ‘Wolinsky :In conclusion, the market is over-valued based
on the above data. Tobin's Q, Shiller P/E and AAII data are all indicating that
investors are too bullish and valuations are too high.’ ] Simon Maierhofer , On
Friday February 4, 2011, ‘ The monthly employment report has become one
of the most anticipated and talked about, but least analyzed ritual on Wall
Street.As far as the media is concerned, the Bureau of Labor Statistics (BLS)
might as well just publish the headline number, because that's about the only
thing anyone talks about.Not only does the core message of the 40+ page report
go largely un-deciphered, the correlation between the employment reports is
also somewhat deceptive.This article will extract some uncommonly reported
information and point towards what is likely to move the marketThe only other
Wall Street ritual that tops monthly unemployment reports is earnings season. Like
any other ritual, it comes with many myths and fables attached. The most common
one is that unemployment directly affects stock prices.
THE
HEADLINE NUMBER ... WAIT, THERE IS MORE
The headline
unemployment rate (U-3) reported by the BLS fell to 9%, the lowest level since
April 2009. How can the unemployment rate drop 0.4% if only 36,000 jobs were
added? 36,000 aren't even enough to provide jobs for a quarter of
graduates.According to BLS data, the number of unemployed workers (not
seasonally adjusted) rose from 14.83 million to 14.94 million. The work force
shrunk from 153.89 million to 152.54 million. The workforce didn't actually
decline, but statistically more workers are considered discouraged and are no
longer considered unemployed.One of the most remarkable BLS data points on the
BLS site is the average number of weeks workers are now unemployed. The jobless
are unemployed for an average of 36.9 weeks, an all-time high (see chart
below).[chart]
A
SHRINKING POND WITH BIGGER FISH
It is
estimated that about 150,000 'youngsters' enter the work force every year.
That's why the work force has steadily increased since 1948. Courtesy of the
2008 bear market, the workforce has actually been shrinking, as discouraged
workers drop out of the statistics.Discouraged workers are those who have
stopped searching in the last four weeks. Excluding them from the workforce and
the unemployment equation artificially lowers the U-3 unemployment rate. The
real unemployment rate (U-6), which includes workers who stopped looking for
jobs or had to settle for part-time jobs - is at 16.1%.
PLAYING
DETECTIVE
Based on U-6
numbers, since December 2006 as many as 13 million Americans have either lost
their jobs, or have been downgraded.The lucky few who've found a job have to
accept pay cuts. According to Annette Bernhardt, policy co-direction for the
National Employment Law Project, high wage sectors - such as financial services
(NYSEArca: KBE - News ) and construction (NYSEArca:
XHB - News ) - accounted for nearly half
the jobs lost during the recession.Those workers made between $17.43 - $31 an
hour. Only 5% of those jobs have been resurrected. 76% of new jobs are in
low-to mid-wage industries with earnings between $8.92 - $15 an
hour.Nevertheless, stocks have shrugged off an avalanche of bad news and
continue plowing ahead towards new highs. Does that make sense?
BIG
BROTHER IS HERE
It does when
you include the Federal Reserve and its quantitative easing program in this
lopsided equation. The Fed has a history of creating and ignoring bubbles.The
real estate (NYSEArca: IYR
- News ) bubble was allowed to
get bigger to mop up the damage of the tech (NYSEArca: XLK - News ) bubble. The financial
sector (NYSEArca VHF) financing bubble was encouraged to mask the damage of the
real estate bubble. The new QE bubble is absolutely needed to prevent an
economic collapse (based on Bernanke's assessment).How long with the Fed's
quantitative easing - labeled QE2 - keep stocks afloat? We don't know for sure,
but we can tell when the stock market might enter trouble spots that could lead
to (severe) corrections.
A FORK IN
THE FINANCIAL ROAD
Imagine a car
cruising on the highway. The driver doesn't know it yet, but he's heading in
the wrong direction. When will he turn around? We don't know, but the most
likely place for a change of direction is the next exit.Based on various
measures of historic valuation models, the stock market (NYSEArca: VTI - News ) is overpriced (heading in
the wrong direction). When will stocks stop rising and start falling? We don't
know, but the most likely place for a reversal is the next big resistance
level.The Dow Jones (DJI: ^DJI), S&P 500 (SNP: ^GSPC), Nasdaq (Nasdaq:
^IXIC) and Financial Select Sector SPDR (NYSEArca: XLF - News ) are simultaneously pushing
against major resistance. It is rare to see four major indexes at cross roads
at the same time.
A HIGH
PROBABILITY TRADING OPPORTUNITY
The beauty of
well-documented resistance levels is that they provide a high probability, and
a low risk trading opportunity for bulls and bears. A solid break above
resistance means hurdle cleared. Resistance becomes support and investors can
go or stay long using the prior support level as resistance.If the index (es)
stays below resistance, resistance is confirmed and a trend change is likely.
Investors/traders can go short using the resistance as a stop-loss level.All
four indexes are within 1 - 2 % of their resistance levels, which means that
either trade has a potential loss of 1 - 2%, compared to a much higher gain.
Investing is about putting the odds in your favor. There is no fail-proof
system, but this setup is about as good as it gets…’
House
Republicans propose $32B in budget cuts (Washington Post) [ Well, there you
go … all over but the shoutin’ … $14+ trillion debt problem solved … riiiiight!
… Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘ ] The figure represents
an unprecedented rollback that would force some agencies to cut spending by as
much as 20 percent, analysts say.
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of it’. ‘…In what the U.S. State Department called a
"concerted campaign to intimidate," several dozen journalists were
rounded up by security forces and detained for hours, along with foreigners
working as teachers, engineers and human rights researchers. Across the city,
angry bands of supporters of President Hosni Mubarak also beat journalists;
several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters.
Amid Arab protests, U.S. influence has waned Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events
suggested that Mubarak's supporters were determined to show, as he had warned,
that the country faced a "choice between chaos and stability." [
Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous:
Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
]
Home
buyers may get less government support (Washington Post) [ Uut, oh! Less
help from the pervasively corrupt, defacto bankrupt government? Well, on the
bright side, a percentage of near zero is still near zero … I guess that
non-wall street addresses just don’t rate!
] Administration officials are
looking at scaling back the aid provided during the mortgage crisis to help the
ailing real estate market. The move could make home loans in high-priced areas
such as the Washington region more expensive. Fed
dismisses inflation concerns (Washington Post) [ If you’re not used to Dave of Dave’s Daily,
see infra, ‘he talks with tongue in cheek’; meaning, inflation’s here,
including the inflated stock bubble that the frauds on wall street commission
and sell into, just as bernanke planned and admitted, with hyperinflation
around the corner, and the typical ‘bust’. Initial
Claims Drop More Than Expected [ Come on! Who believes anything they say
and at what cost with money not really there in pervasively corrupt, defacto
bankrupt america, with manipulated programmed suckers’ rally into the close.
…‘In the U.S. market, Slothower concludes: “This is a hard one to gauge, given
the QE2 manipulations verses skyrocketing food and energy prices, which have
now reached prices levels that have choked off growth in the past and caused
recessions, as we saw in 2008 when oil prices hit $100 a barrel (in March of
that year).” “It is like walking in a mine field. You move very carefully now
with your eyes wide open and on every move, knowing that any day something out
of the blue could blow thing up, given these extreme risks.” But he’s now only
70% in cash. The balance is split equally between: iPath Dow Jones-AIG Grains
Total Return Sub-Index …’ ‘Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers ink stains
up to his neck, Bernanke spoke Thursday to the Press Club stating, among other
things, "inflation remains quite low". He continued saying,
"Since August, when we announced our policy of reinvesting maturing
securities and signaled we were considering more purchases, equity prices have
risen significantly...") I believe that sums things up from an investing Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following detailed,
documented analysis: ‘Wolinsky :In conclusion, the market is over-valued based
on the above data. Tobin's Q, Shiller P/E and AAII data are all indicating that
investors are too bullish and valuations are too high.’ ]
]
Bernanke gives a mixed assessment of the nation's economic
prospects.
Kung Hei Fat Choy!: Dave's Daily ‘ The above tribute to the "metal rabbit" was not the cheer
from Tahrir Square Thursday. But, U.S. investors are ignoring that in favor of
making money with some dip buying abetted by focusing on good news (retail
results) and ignoring any negative news from Egypt or even MRK's results. The
Fed tossed in another round of POMO
to the tune of nearly $9 billion which encouraged buying from trading investing ‘ See also
re: bernanke’s folly-If You're Going to Do Economics, Don't Do Macro [ Truth be told, I find Mr. Falkenstein’s
article a bit too subtle and somewhat shy about getting to the point, but have
included same here solely for the reprint of William Buckley’s famous quote
which comports with my own view of the ivy league vegetable gardens which turn
out as you would expect, vegetables; viz., ‘ he would prefer the first
100 names in the Boston phonebook to the Harvard faculty‘. The reality is that ‘harvard professor’,
‘no-recession bernanke’ has given an obfuscating, ephemeral feel good but
lucrative to the few gift to the frauds on wall street with ultimately
devastatingly great cost / pain to come. ]
Rumsfeld
Finally Confesses He Was Wrong About WMD In New Autobiography [ Nice to know … a nation’s bankruptcy (america)
and another nation’s destruction (Iraq) later. ]Former Defence Secretary Donald
Rumsfeld has finally confessed he was wrong to claim America knew where Saddam
Hussein had stockpiled weapons of mass destruction in the first days after the
Iraq invasion.
Drudgereport: UNEMPLOYMENT
AT 9.0% +36,000 JOBS... CANADA
+69,200... GALLUP:
Unemployment actually at 9.9%... 'Under-employment' at 19.2%... Labor
Force Participation Plunges To Fresh 26 Year Low... Santelli
Slams CNBC Panelists for Spinning Jobs Report... VIDEO...
BIG
SIS TELLS SUPER BOWL ATTENDEES: 'SEE SOMETHING, SAY SOMETHING'…(If only she
really meant that concerning the rest of the nation, and washington
particularly – they obsessively cover up almost everything – and saying
something is dealt with quite harshly, punitively)... SECRET
DEAL: US AGREES TO TELL RUSSIA UK'S
NUKE SECRETS Gov't
Debt Jumped $105.8 Billion in January... Dems
warn of shutdown... Republicans
Propose Spending Cuts...
Initial
Claims Drop More Than Expected [ Come on! Who believes anything they say
and at what cost with money not really there in pervasively corrupt, defacto
bankrupt america, with manipulated programmed suckers’ rally into the close.
…‘In the U.S. market, Slothower concludes: “This is a hard one to gauge, given
the QE2 manipulations verses skyrocketing food and energy prices, which have
now reached prices levels that have choked off growth in the past and caused
recessions, as we saw in 2008 when oil prices hit $100 a barrel (in March of
that year).” “It is like walking in a mine field. You move very carefully now
with your eyes wide open and on every move, knowing that any day something out
of the blue could blow thing up, given these extreme risks.” But he’s now only
70% in cash. The balance is split equally between: iPath Dow Jones-AIG Grains
Total Return Sub-Index …’ ‘Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers ink stains
up to his neck, Bernanke spoke Thursday to the Press Club stating, among other
things, "inflation remains quite low". He continued saying,
"Since August, when we announced our policy of reinvesting maturing
securities and signaled we were considering more purchases, equity prices have
risen significantly...") I believe that sums things up from an investing Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following detailed,
documented analysis: ‘Wolinsky :In conclusion, the market is over-valued based
on the above data. Tobin's Q, Shiller P/E and AAII data are all indicating that
investors are too bullish and valuations are too high.’ ]
Market
Crash on 2/28/11? Technical
indicators suggest market collapse may begin by February 28th
12
Economic Collapse Scenarios That We Could Potentially See In 2011 What
could cause an economic collapse in 2011? Well, unfortunately there are quite a
few “nightmare scenarios” that could plunge the entire globe into another
massive financial crisis. The Economic Collapse Jan
20, 2011 ‘What could cause an economic collapse in 2011? Well, unfortunately
there are quite a few “nightmare scenarios” that could plunge the entire globe
into another massive financial crisis. The United States, Japan and most
of the nations in Europe are absolutely drowning in debt. The Federal
Reserve continues to play reckless games with the U.S. dollar. The price
of oil is skyrocketing and the global price of food just hit a new record
high. Food riots are already breaking out all over the world.
Meanwhile, the rampant fraud and corruption going on in world financial markets
is starting to be exposed and the whole house of cards could come crashing down
at any time. Most Americans have no idea that a horrific economic
collapse could happen at literally any time. There is no way that all of
this debt and all of this financial corruption is sustainable. At some
point we are going to reach a moment of “total system failure”.
So will it be
soon? Let’s hope not. Let’s certainly hope that it does not happen
in 2011. Many of us need more time to prepare. Most of our families
and friends need more time to prepare. Once this thing implodes there
isn’t going to be an opportunity to have a “do over”. We simply will not
be able to put the toothpaste back into the tube again.
So we had all
better be getting prepared for hard times. The following are 12 economic
collapse scenarios that we could potentially see in 2011….
#1 U.S. debt could become a massive crisis at any
moment. China is saying all of the right things at the moment, but many
analysts are openly worried about what could happen if China suddenly
decides to start dumping all of the U.S. debt that they have
accumulated. Right now about the only thing keeping U.S. government
finances going is the ability to borrow gigantic amounts of money at extremely
low interest rates. If anything upsets that paradigm, it could
potentially have enormous consequences for the entire world financial system.
#2 Speaking of threats to the global financial system,
it turns out that “quantitative easing 2″ has had the exact opposite
effect that Ben Bernanke planned for it to have. Bernanke insisted that
the main goal of QE2 was to lower interest rates, but instead all it has done
is cause interest rates to go up substantially .
If Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt bubble that the entire global economy is
based on could burst at any time and throw the whole planet into chaos. According
to a new report from the World Economic Forum , the total amount of credit
in the world increased from $57 trillion in 2000 to $109 trillion in
2009. The WEF says that now the world is going to need another $100
trillion in credit to support projected “economic growth” over the next
decade. So is this how the new “global economy” works? We just keep
doubling the total amount of debt every decade?
#4 As the U.S. government and the Federal Reserve
continue to pump massive amounts of new dollars into the system, the floor
could fall out from underneath the U.S. dollar at any time. The truth is
that we are already starting to see inflation really accelerate and everyone pretty
much acknowledges that official U.S. governments figures for inflation are an
absolute joke. According
to one new study , the cost of college tuition has risen 286% over the last
20 years, and the cost of “hospital, nursing-home and adult-day-care services”
rose 269% during those same two decades. All of this happened during a
period of supposedly “low” inflation. So what are price increases going
to look like when we actually have “high” inflation?
#5 One of the primary drivers of global inflation
during 2011 could be the price of oil. A large number of economists are
now projecting that the price of oil could surge well
past $100 dollars a barrel in 2011. If that happens, it is going to
put significant pressure on the price of almost everything else in the entire
global economy. In fact, as
I have explained previously , the higher the price of oil goes, the faster
the U.S. economy will decline.
#6 Food inflation is already so bad in some areas of
the globe that it is setting off massive food riots
in nations such as Tunisia and Algeria. In fact, there have been reports
of people setting themselves on fire all
over the Middle East as a way to draw attention to how desperate they
are. So what is going to happen if global food prices go up another 10 or
20 percent and food riots spread literally all over the globe during 2011?
#7 There are persistent
rumors that simply will
not go away of massive physical gold and silver shortages. Demand for
precious metals has never been higher. So what is going to happen when many
investors begin to absolutely insist on physical delivery of their precious
metals? What is going to happen when the fact that far, far, far more
“paper gold” and “paper silver” has been sold than has ever actually physically
existed in the history of the planet starts to come out? What would that
do to the price of gold and silver?
#8 The U.S. housing industry could plunge the U.S.
economy into another recession at any time. The real estate market is
absolutely flooded with homes and virtually nobody is buying. This
massive oversupply of homes means that the construction of new homes has fallen
off a cliff. In 2010, only
703,000 single family, multi-family and manufactured homes were
completed. This was a new record low, and it was down 17% from the
previous all-time record which had just been set in 2009.
#9 A combination of extreme weather and disease could
make this an absolutely brutal year for U.S. farmers. This winter we have
already seen thousands of new cold weather and snowfall records set across the
United States. Now there is some very disturbing news emerging out of
Florida of an “incurable
bacteria” that is ravaging citrus crops all over Florida. Is there a
reason why so many bad things are happening all of a sudden?
#10 The municipal bond crisis could go “supernova” at
any time. Already, investors are bailing out of bonds at a frightening
pace. State and local government debt is now sitting at an all-time high
of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal
bond crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think next to
housing this is the single most important issue in the United States and
certainly the largest threat to the U.S. economy.”
Former Los Angeles mayor Richard Riordan is convinced
that things are so bad that literally 90% of our states and cities could go
bankrupt over the next five years….
#11 Of course on top of everything else, the quadrillion
dollar derivatives bubble could burst at any time. Right now we are
watching the greatest financial
casino in the history of the globe spin around and around and around and
everyone is hoping that at some point it doesn’t stop. Today, most money
on Wall Street is not made by investing in good business ideas. Rather,
most money on Wall Street is now made by making the best bets.
Unfortunately, at some point the casino is going to come crashing down and the
game will be over.
#12 The biggest wildcard of all is war. The Korean
peninsula came closer to war in 2010 than it had in decades. The Middle
East could literally explode at any time. We live in a world where a
single weapon can take out an entire city in an instant. All it would take
is a mid-size war or a couple of weapons of mass destruction to throw the
entire global economy into absolute turmoil.
Once again,
let us hope that none of these economic collapse scenarios happens in 2011.
However, we
have got to realize that we can’t keep dodging these bullets forever.
As bad as 2010
was, the truth is that it went about as good as any of us could have
hoped. Things are still pretty stable and times are still pretty good
right now.
But instead of
using these times to “party”, we should be using them to prepare.
A really,
really vicious economic storm is coming and it is going to be a complete and
total nightmare. Get ready, hold on tight, and say your prayers.’
World food prices
hit record high AFP
Drudgereport:'DAY
OF DEPARTURE'
White
House, Egypt Discuss Plan for Mubarak's Exit... 'If
I Resign Today There Will Be Chaos'... Blames
Muslim Brotherhood for violence... Crackdown
Widens to Foreign Observers... Obama
response draws criticism in Israel... UN
to evacuate staff... LIVE... WIRE... BBC... Muslim
Brotherhood wants end to Egypt-Israeli peace deal... Kenneth
Cole tweets: Egypt is rioting over our spring collection... Jon
Stewart Jokes: 'Hands off Anderson Cooper!' Speeding
Police Truck Runs Over Protesters... ABCNEWS
REPORTER THREATENED WITH BEHEADING... CBSNEWS
Lara Logan, Crew Detained... FOXNEWS
reporter, cameraman beaten, hospitalized... The
Arab revolution and Western decline... Soros:
'The main stumbling block is Israel'... GALLUP:
Unemployment Up in January to 9.8%... GOOGLE
Gets Record 75,000 Job Applications in One Week... Bernanke
warns on 'wide' deficit; Gold goes up... ...policy
'not to blame for record food prices' Oil
price shoots above $103...
Dems
warn of shutdown over debt... Republicans
Propose Spending Cuts...
Health-care
fight shifts to courts
(Washington Post) [ Wow! Heck of a way to run a
nation … now in the hands of corrupt, corruptible plushly accoutered
lifetime-appointees for whom legal principles, meaningful rules of law are
never a problem or impediment nor even a predictable guide … Wall
Street firm targets District-based energy practice (Washington Post) [ From
one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the largest (
wall street/new york/jersey/ct. metro); ho, hum. The pervasively corrupt
american illegal system … corrupt u.s. courts / (lawyers) / judges: Their
lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation. ] It's part
of a push by law firms to expand their D.C. footprint in an era of increased
regulatory scrutiny. ]
The
unlikely face of Egypt's protesters (Washington Post) [ Unlikely? … I don’t think so in light of the
strength and prevalence of the ‘anyone but mubarak (and his)’ sentiment. ]
Mohamed ElBaradei, the Nobel Prize-winning former United Nations
bureaucrat, has emerged this week as an improbable revolutionary, clamoring for
the overthrow of Egypt's President Hosni Mubarak.
Milbank:
Rand
Paul's at odds with his state (Washington Post) [ Mr. Milbank … that
perpetual off-key that invariably sounds passable on an old, hopelessly
out-of-tune piano. Not even credit to Mr. Rand’s prospective ‘elections be
damned’ attitude and putting reality and conscience first (an attitude which
got him elected and which he stands by). In case Mr. Milbank hasn’t noticed,
pervasively corrupt, defacto bankrupt america has declined substantially,
particularly of late, and has strayed quite afar from the laudible principles
upon which it was founded. Mr. Milbank, organized crime families, even less
organized gangs, and certainly corrupt politicians compromise all of the time …
and that’s the nation’s problem … because some things are not compromisable. ] Facebook
treads carefully after role in protests
(Washington Post) [ Facebook should show nor have any fear inasmuch as any
such nations as would self-destructively limit the free flow of information so
limit the tenure of such leadership of said nations. Moreover, historically,
such authoritarian, totalitarian regimes never withstand the test of time.
Finally, if not facebook, then another (choose) will step up. ] The recent
unrest in Egypt and Tunisia is forcing Facebook officials to grapple with the
prospect that other governments will grow more cautious of permitting the
company to operate in their countries without restrictions or close monitoring. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events
suggested that Mubarak's supporters were determined to show, as he had warned,
that the country faced a "choice between chaos and stability." [
Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous:
Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High [ The
conclusion of the following detailed, documented analysis: ‘In conclusion, the
market is over-valued based on the above data. Tobin's Q, Shiller P/E and AAII
data are all indicating that investors are too bullish and valuations are too
high.’ ] Wolinsky ‘I update market
valuations on a monthly basis. The point of this article is to measure the
stock market based on seven different metrics. This article does not look at
the macro picture and try to predict where the economy is headed. It only uses
these several metrics which have been very good past indicators of whether the
market is fairly valued.This month I added in GMO’s chart at the bottom. The
GMO chart shows what the firm expects different asset classes to return over
the next seven years.I collaborate with two colleagues of mine for some of the
data in this article, Doug Short of dshort.com seekingdelta click here. click to enlarge [chart] dshort.com Numbers from Previous
Market lows: Mar 2009 110.37 multpl.com [chart] http://seekingalpha.com/article/250273-monthly-market-valuation-investors-are-too-bullish-valuations-are-too-high?source=yahoo The current ten year P/E is 23.94; this
is much higher than the P/E of 22.94 from the previous month. This number is
based on Robert Shiller’s data evaluating the average inflation-adjusted
earnings from the previous 10 years. Robert Shiller stated in an interview last
week that he believes the S&P500 will be at 1430 in 2020. Shiller believes
that based on his metric the market is overvalued, and will offer subpar
returns over the next 10 years.market return calculator [chart] [chart] Mean: 16.39Numbers from Previous Market lows: Data and chart courtesy of [multpl.com [chart] SPY investors Martin Whitman [chart]interest rates
Mean:
4.35%Numbers from Previous Market lows: multpl.com
Market
Cap to GDP is currently 92.8%, which is higher than the 91.1% from last month.
Ratio = Total Market Cap / GDP
Valuation
Ratio < 50%
Significantly Undervalued
50% < Ratio < 75%
Modestly Undervalued
75% < Ratio < 90%
Fair Valued
90% < Ratio < 115%
Modestly Overvalued
Ratio > 115%
Significantly Overvalued
Where are we today (02/01/2011)?
Ratio = 92.8%, Modestly Overvalued
Stock
Market Capitalization as a percentage of GDP is another metric, albeit less
commonly used than other metrics, to value the market. Between 90-115% market
capitalization as percentage of GDP is considered modestly overvalued (we are
at the low end of the range). Based on Guru Focus data, the market should
return about 4.6% per year based on the current value.
GuruFocus
The
returns of investing in an individual stock or in the entire stock market are
determined by these three factors:
1. Business growth
If
we look at a particular business, the value of the business is determined by
how much money this business can make. The growth in the value of the business
comes from the growth of the earnings of the business growth. This growth in
the business value is reflected as the price appreciation of the company stock
if the market recognizes the value, which it does, eventually.If we look at the
overall economy, the growth in the value of the entire stock market comes from
the growth of corporate earnings. As we discussed above, over the long term,
corporate earnings grow as fast as the economy itself.
2. Dividends
Dividends
are an important portion of the investment return. Dividends come from the cash
earning of a business. Everything equal, a higher dividend payout ratio, in
principle, should result in a lower growth rate. Therefore, if a company pays
out dividends while still growing earnings, the dividend is an additional
return for the shareholders besides the appreciation of the business value.
3. Change in the market valuation
Although the
value of a business does not change overnight, its stock price often does. The
market valuation is usually measured by the well-known ratios such as P/E, P/S,
P/B etc. These ratios can be applied to individual businesses, as well as the
overall market. The ratio Warren Buffett What Returns Is the Market Likely to
Deliver From This Level? Putting
all the three factors together, the return of an investment can be estimated by
the following formula:
Investment
Return (%) = Dividend Yield (%)+ Business Growth (%)+ Change of Valuation (%)
The
first two items of the equation are straightforward. The third item can be
calculated if we know the beginning and the ending market ratios of the time period
(T) considered. If we assumed the beginning ratio is Rb, and the ending ratio
is Re, then the contribution in the change of the valuation can be calculated
from this:
(Re/Rb)(1/T)-1
The
investment return is thus equal to:
Investment
Return (%) = Dividend Yield (%) + Business Growth(%) + (Re/Rb)(1/T)-1
This
equation is actually very close to what Dr. John Hussman calculate
market valuations Warren Buffett
Historic Data:
[chart]
Tobin's Q is 1.17 compared to 1.15 from last month.
[chart]
[chart]
As
can be seen from the above charts, the market is significantly over-valued
based on Tobin's Q.The data comes from Doug Short. This is the most accurate
data that is available. It is impossible for the data to be 100% precise
because the Federal Reserve releases data related to Tobin’s Q on a quarterly
basis. The best that can be done is to extrapolate the data and try to provide
the most accurate data possible based on the change in the Willshire 5000. This
is what Doug and I did to get the current number. This method has proven extremely
accurate for calculating Tobin's Q on any given day.The current level of 1.17
compares with the Tobin's Q average over several decades of data of
approximately .72. This would indicate that the market is extremely
overvalued.In the past, Tobin’s Q has been a good indicator of future market
movements. In 1920, the number was at a low of .30, the next nine years
included phenomenal gains for the market. In 2000, Tobin’s Q almost reached a
record high of nearly 2, and the market declined subsequently about 50% by
2003.
Historic Tobin's Q:
Market
Low 1932 0.30
Market
High 1929 1.06(this is not the highest number ever reached, just the number
reached before the 1929 crash).
Average
historic Tobin's Q .72 (source: Stocks for the Long Run
In
my next monthly article, I will have more Tobin’s Q historical data.
AAII
Survey-42.00% Bullish, 23.70% Neutral, and 34.30% Bearish: (Data from January
26th 2011)
With
the collaboration of my colleague at seekingdelta, AAII
The
AAII Investor Sentiment Survey measures the percentage of individual investors
who are bullish, bearish, and neutral on the stock market for the next six
months; individuals are polled from the ranks of the AAII membership on a
weekly basis. Only one vote per member is accepted in each weekly voting
period.
[chart]
[chart]
As
mentioned above, the survey results indicate investors are quite bullish. The
fact that so many investors are bullish is a contrarian warning signal.
Investors tend to get the most bullish at market tops, and bearish at market
lows.Below is AAII data from previous market bottoms (the AAII began the survey
in 1987).The charts essentially show that on average, returns have been more
favorable when bullish sentiment is below 28% vs above 50%. The 1yr avg return
when sentiment is above 50% is 1.9% vs 13.6% when sentiment is below 28%.
[chart]
[chart]
Chart
and data courtesy of seekingdelta here To Recap:
1.
P/E (TTM) - Fairly Valued
2.
P/E 10 year - Very Overvalued
3.
P/BV - Undervalued
4.
Dividend Yield - Indeterminate/ overvalued
5.
Market value relative to GDP - Moderately Overvalued
6.
Tobins Q - Extremely overvalued
7.
AAII Sentiment - Too bullish (overvalued)
8.
GMO - Overvalued
In
conclusion, the market is over-valued based on the above data. Tobin's Q,
Shiller P/E and AAII data are all indicating that investors are too bullish and
valuations are too high.However, the historical data fails to take into account
current record low interest rates. I know not many investors take issue with my
inclusion of interest rates in the equation. However, I think that investors
should look at the stock/bond alternative. Right now, you can get some blue
chip stocks with dividend yields close to the ten year treasury yield.However,
eventually the market will likely returns to normal valuation ratios as
interest rates reach more normal levels. I believe returns over the next 10
years will be sub-par (far below the 9.5% average market return). I think we
will likely see returns equal to inflation over the coming decade.Note: I have
received numerous suggestions on how to improve my monthly series. I tried to
incorporate these ideas in my current article. Please email me or leave a
comment if you would like to provide further suggestions. Stay tuned till the
beginning of next month for the next monthly valuation article.’
The
Dow at 12,000 is 'Buyer Beware' Territory Meyer ‘Well, we finally hit the 12,000 mark and
beyond on the Dow Jones Industrials Average and the end-of-the-year rally is
still upon us, as many of us on Seeking Alpha forecast .
However, this is now officially a buyer's beware market. Long term investors
probably don't need to start selling unless they need the money for short-term
purchases and debt reduction. But new investors considering buying into the
market now are fulfilling the odd-lot theory, at best, and will have a long
wait before those newly purchased shares are increasing in value enough to pay
back your broker's fees.Does anyone think we are going to eek out another 5% in
the averages this quarter? That would bring the DJIA up by more than 600 points
to 12,636.The Dow is now at pre-crash levels of 2008. Yet, we still have high
unemployment, near zero job growth, an ongoing foreclosure crisis with home
ownership at its lowest level since 1998. This wouldn't be so much of a problem
if the vast majority of Americans garnered their wealth from their real estate.
They surely do not owe their wealth to their 401k or savings accounts. Remember
when home prices were rising and rates were low? What were Americans doing?
They were going on a ludicrous shopping spree. We are still the world's largest
consumer driven economy, so as long as Main Street isn't spending, company
profits will eventually suffer. Even though that doesn't seem to be the case
now. One can imagine that companies cannot continue posting solid top line
growth if their basic customers are struggling to make ends meet. That problem
still exists in this economy, as Robert Reich pointed out his
blog Wednesday.We also have a municipal debt bomb the Feds and banks are trying
to defuse. The fundamentals are not that sound, and that tells me that this is
not the time to buy the market. Stock picking strategies of U.S. equities might
work, and certain commodity and some emerging market plays are still favorable.
But index and ETF investors looking to buy entire markets like the SPDR S&P
500 ETF (SPY ) should definitely wait for a
correction before buying at these levels. I don't see any indication now that
this market can go much higher, given those aforementioned fundamental
restraints.Here are a couple more:The BDI: Ever Hear of It? Take a look at the Baltic
Dry Index chart. It measures the worldwide price of shipping various bulk
items across the ocean. It's trading way below its 50 and 200 day moving
averages. The BDI is not a leading indicator, or a lagging indicator, of the
U.S. economy. But it warrants
some attention when the BDI chart looks like a really bad roller coaster
like it has since last summer. BDI topped out in June, bounced in July, and
began a serious decline in November. The only thing that tends to track the BDI
is the Shanghai Composite Equity Index. China is one of the world's biggest
exporters, but with costs of capital rising there, importers of Chinese goods
are being asked to pay more for their orders, causing many buyers to slow
imports. If this slower growth out of China pans out, then economists will be
revising their global GDP numbers downward. This indicator could pose to be quite
bad for equities simply because it is telling you the growth story of the
economy, which has driven the fundamentals behind the current rally, is not
sustainable at these levels. The rally continues to be a liquidity driven
momentum rally thanks to QE2. The lynchpin of the whole advance was the theme
the global economy was in recovery, but I am concerned that this important
trade index is showing us something different for the time being.DJIA vs. Gold Bull Market Peaks Is the Dow overbought? I think so, and technically speaking we are now
seeing less stocks advancing than we have when we were approaching Dow 12k.
Corporations are also busy selling their
own stock over the last
month and a half . There is an important correlation between the Dow and the
price of gold in previous bull market peaks. The Dow, as priced in gold, is
losing value as the precious metal bull continues to drive to higher prices.
For example, in 1980, one ounce of gold bought the Dow. So the ratio of one
ounce of gold to the Dow was simple: 1. Said in another way, we had an 850 Dow
Jones Industrials Average and $850.00 per ounce gold. The Dow as priced in gold
is not making new recovery highs as most people would want to believe.The first
peak in the Dow occurred on January 14, 2000 at 11,723. In late 1999 it took 45
ounces of gold to buy the Dow. Gold bottomed at $255.00 per ounce. Everyone
wanted equities and the gold-Dow ratio proved it.The second peak in the Dow
occurred on October 9, 2007 at 14,164 points. It took just 19 ounces of gold at
$750.00 per ounce to buy the market.The Dow is now trading at the 12,000 level
again on Wednesday and gold is currently $1325.00 per ounce. It now takes just
9 ounces of Gold to buy the Dow. I don't think we go to a one to one ratio, but
I would say we cut the 9 ounces ratio in half and that would likely single a
top in at least one of these markets.If we go on the premise that gold is the
ultimate money and both a storage of wealth and a hedge against inflation, then
the Dow priced in gold has been eroding in value since late 1999 when you
needed at least 45 ounces of gold to have the equivalent of the gains in the
Dow. The buying power of the dollar propelling the Dow 12k continues to lose
value as reflected in the current price of gold at $1,340.00 per ounce, and
expectations are for the euro to
rebound a bit. The Dow 12k is also occuring in an economy where job growth
remains impressively sluggish. This is a buyer beware market when buying broad based indexes like the
Dow and S&P 500. Overall, when this market does correct 5% or more, I
believe it will drag a lot of the more liquid assets down with it. I'd recommend a hold for long term investors and a
sell at these levels for investors with short-term cash needs.
If You're Going to Do Economics, Don't Do Macro [ Truth be told, I find Mr. Falkenstein’s
article a bit too subtle and somewhat shy about getting to the point, but have
included same here solely for the reprint of William Buckley’s famous quote
which comports with my own view of the ivy league vegetable gardens which turn
out as you would expect, vegetables; viz., ‘he would prefer the first
100 names in the Boston phonebook to the Harvard faculty‘. The reality is that ‘harvard professor’,
‘no-recession bernanke’ has given an obfuscating, ephemeral feel good but
lucrative to the few gift to the frauds on wall street with ultimately
devastatingly great cost / pain to come. ]
Drudgereport: Amanpour:
Angry mob surrounded us, shouting they hate America... WH
shuts out media; reporters file complaint... CNN
Anderson Cooper 'punched 10 times in head' by mob in Egypt.... 'Camp
David made us a slave,' Egyptian protester says... WIKILEAKS: US threats to China in military standoff over 'Star
Wars'... Student,
14, suspended for 'weapon' -- a plastic pen casing... WIKILEAKS: FBI hunts the 9/11 gang that got away... 43
Million Use Food Stamps... Dems
object to GOP gov't transparency probe... JUDGE
RULES HEALTH CARE LAW UNCONSTITUTIONAL Judge
cites Obama's own position from 2008 campaign...
Brent crude oil above $100 for 1st time since 2008... FLASHPOINT
Fighter jets swoop over Cairo in show of force... Mubarak
meets with military commanders... Generals
tell him to quit... Troops
move into Tahrir square as curfew passes... ElBaradei
joins protesters in square... Says
US 'losing credibility by the day'... Clinton
calls for 'orderly transition'... 'We're
not advocating any specific outcome'... Convicts
pour out of prisons... UPDATE:
100+ dead; 2,000 injured... Flights
out halted, tourists trapped... But
19 private jets get out... Egypt
shuts down Al Jazeera bureau... LIVE
STREAM... OBAMA
CONFUSES IRAQ WITH AFGHANISTAN... Will
be out 'by the end of this year'... Scientists
Discover: Chimpanzees mourn their dead just like humans!
11% of All
US Homes Are Now Empty...
Report:
U.S. unlikely to reach electric car goal by 2015 (Washington Post) [ I
think all benefits of doubt be given to the auto companies in terms of the
market and, ultimately, for the
following reason: {Previous: S.
American mountains hold key to electric car's future: lithium for batteries
(Washington Post) [ Well, I don’t know about electric car batteries, but it’s
reassuring to know that such american leaders in no short supply, ie., Ted
Turner, et als, will have no short supply of lithium to keep them on an even
keel (from the ups and downs from, ie., bipolar among other mental conditions).
Truth be told, I’ve not followed the ‘adventures of the electric cars’ too
closely, but concede that pollution as from gas engine cars is lessened. I know
enough about electricity and energy to know that there’s really no net gain in
terms of conservation, weening off oil, hydro, nuclear since the same are
required to produce the electricity; hence, increases in hydro / nuclear, ie.,
are necessary to change the reliance on oil (imports). } ] Obama's goal to have a 1M plug-in cars on
the road may be stymied by automaker, consumer uncertainty Israel wary of transition in Egypt, concerned
about regional stability Fresno
tackles an unusual problem (Washington Post) [ Oh come on! Let’s call
things as they are! Sputnik moment … p l e a s e , spare me the b*** s***
wobama the b. This is not ‘up, up, and away’ to bigger and better things, but
rather an industry catering to the long predicted aging baby boom population.
The structural deficits, including jobs, will continue owing to prior misguided
self-interested policy for the ‘few’.]
This California city is grappling with one of the most troubling
contradictions of the new economy: Even as it has one of the nation's highest
unemployment rates, it has thousands of job openings. Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher ... Times are really, really
tough and unfortunately the long-term outlook is very bleak.
#1 U.S. unemployment rate for November was 9.8
percent . This was up from 9.6 percent in October, and it continues a
trend of depressingly high unemployment rates. The official unemployment
number has been at 9.5 percent or higher for well over a year at this point.
#2 In November 2006, the “official” U.S. unemployment rate
was just 4.5
percent .
#3 economists had been expecting to add about 150,000
jobs in November. Instead, it
only added 39,000 .
#4 In the US there are over 15
million people who are “officially” considered to be unemployed for
statistical purposes. But everyone knows that the “real” number is even
much larger than that…
.. biggest debt
bubble in the history of the world…our entire economy is based on
debt. Even our money
is debt . … There is a sea of red ink on every level of American
society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT. THINGS
ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE IS
COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’
#5 As 2007 began, there were just over 1 million
Americans that had been unemployed for half a year or longer. Today,
there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of “persons not in the labor force” in
the United States recently
set another new all-time record .
#7 It now takes the average unemployed American over
33 weeks to find a job.
#8 When you throw in “discouraged workers” and “underemployed
workers”, the “real” unemployment rate in the state of California is
actually about 22 percent .
#9 In America today there are not nearly enough jobs
for everyone. In fact, there are now approximately
5 unemployed Americans for every single job opening.
#10 According
to The New York Times , Americans that have been unemployed for five weeks
or less are three times more likely to find a new job in the coming month than
Americans that have been unemployed for over a year.
#11 The U.S. economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession levels
by 2016. Does anyone think that there is even a prayer that is going to
happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total wages, median wages, and average
wages all
declined in the United States.
#14 As of the end of 2009, less than 12 million
Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959, manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5
percent.
#18 Earlier this year, one poll found that 28% of all American households had at least one member that
was looking for a full-time job.
#19 In the United States today, over
18,000 parking lot attendants have college degrees.
#20 The United States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the employment situation continues to stagnate,
millions of American families have decided to cut back on things such as
insurance coverage. For example, the percentage of American households
that have life insurance coverage is at its lowest level in
50 years .
#22 Unless Congress acts, and there is no indication
that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that was released by the Pew Research Center
back in June discovered that an
astounding 55 percent of the U.S. labor force has
experienced either unemployment, a pay decrease, a reduction in hours
or an involuntary move to part-time work since the economic downturn
began.
#24 According to Richard McCormack, the United States
has lost over
42,000 factories (and counting) since 2001.
#25 In the United States today, 317,000
waiters and waitresses have college degrees.
But this is
what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging
a deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt . … There is a sea of red ink on every level of American
society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT. THINGS
ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE IS
COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’
Dow
closes above 12,000 (Washington
Post) [ Which is a manipulated bubble and which amount is worth far less than
even 3 years ago owing to dollar debasement…
Avoid
China, short the U.S. market instead Kee ‘…The subject of international
investing begs the buy and hold theme as a result, but because that is dead,
and because risk controls are more cumbersome in foreign markets, my focus is
on proactive strategies in U.S. markets, on risk controls, and my longer term
Periodic Oscillator tells me that the economy, thanks to stimulus, is in
bubble-like territory not seen since 2000 and 2007…’ Suttmeier … Stocks remain overvalued
fundamentally according to ValuEngine with 15 of 16 sectors overvalued
Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous:
Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he resorted
to media / internet blackout. Indeed, this lack of sign thing is a testament to
how far from reality 30 years has taken him, not to mention the other 52 years
that have taken their toll on his cognitive processes. Whether it is plaques
‘on the brain’ or outright senility, that he is so disengaged from the events
unfolding around him, one may only wonder how he lasted this long. Nor did his
choice of cia standin / shill, new VP Suleiman enhance his now untenable
position which leaves him as ‘done as a burnt enchilada’.
Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The
import of this so-called interview, and it is here that I part company with
alex jones, et als (who by the way, censored me for this very thesis, which
puts him and his at the top of my hypocrite list), is that the so-called elite
have orchestrated these events and ‘are in control’. First, there are no elites
in this world; you can’t derive elites from apes, notochordates, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america particularly
(with few exceptions as I’ve discussed elsewhere / comments / my website), are
inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
Avoid
China, short the U.S. market instead Kee ‘…The subject of international
investing begs the buy and hold theme as a result, but because that is dead,
and because risk controls are more cumbersome in foreign markets, my focus is
on proactive strategies in U.S. markets, on risk controls, and my longer term
Periodic Oscillator tells me that the economy, thanks to stimulus, is in
bubble-like territory not seen since 2000 and 2007…’
New
Monthly Value Levels, Pivots, and Risky Levels Editor's Note: This article was written by
Richard Suttmeier, chief market strategist at ValuEngine.com …
The Dow Industrial Average shows monthly and
annual value levels at 11,759 and 11,491 with weekly and daily risky
levels at 11,959 and 12,005. The S&P 500 has quarterly and monthly value
levels at 1262.5 and 1247.6 with daily and weekly risky levels at 1293.7
and 1308.5. The Nasdaq has a monthly value level at 2611
with a daily pivot at 2700 and weekly and quarterly risky levels at 2769
and 2853. The Dow Transports has a quarterly value level
at 4671 with monthly and daily pivots at 4962 and 4991 and weekly and
annual risky levels at 5104 and 5179. The Russell 2000 shows quarterly and monthly
value levels at 765.50 and 741.74 with daily and annual pivots at 777.01
and 784.16 with a weekly risky level at 809.88. Following the Dow look for continued strength as
long as closes are above my monthly value level at 11,759. A close below
11,759 targets the annual value level at 11,491.
The FDIC closed a total of 157 banks in 2010; 41
in the first quarter, 45 in the second quarter, 41 in the third quarter
and 30 in the fourth quarter. 25 banks failed in 2008 140 banks failed in 2009 with a peak of 50 in
the third quarter 157 banks failed in 2010 11 banks have failed year to date in 2011 333 banks have failed since the end of 2007 I still predict 500 to 800 bank failures
in total by the end of 2012 into 2013.
FSNM
Persistent Pattern: Stocks Like Early Days Of The
Month ]
Is
the Market Headed for a Sell-Off? Zaky [ Yes … I agree, except that fundamentally the
longer term prospects are even worse than his bearish outlook suggests (don’t
forget the debasement of the dollar, manipulation, and spending / printing
money the nation doesn’t have in real terms behind this manipulated uptick) and
summarized as follows: ‘I suspect that this rally is on its very last legs. We
should see a very healthy 10% or so correction within the next 1-2 week period
... This market is headed for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that
this is but a (manipulated) bull cycle in a secular bear market with
substantially worse to come! ]Kopas ‘In February 2010, we published an article
on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared?
The
first benchmark we monitor is U.S. stock prices adjusted for inflation. In this
chart below, we compare the U.S. stock market to the Shiller 10-year
Price/Earnings ratio. This P/E ratio is an indication of investor confidence; a
lack of that signals extreme valuation levels. Our conclusion is that investor psychology is still
too optimistic and has a long way to go before reaching an undervalued stock
market level.
[chart] click
to enlarge
Updating
our duration and valuation benchmarks, again we find progress,
but not yet achieving the truly undervalued levels we expect to see toward the
end of a secular bear market. Based upon previous cycles, it appears we are
only slightly past the half way mark in terms of years, number of recessions,
and valuations. A look at our chart and table comparing this to earlier secular
bear markets illustrates our conclusion. We expect that a major bottom for
inflation adjusted stock prices is still years away before stocks finally
gravitate toward the target area outlined below.
[chart]
New
Benchmark: Tobin Q Ratio
In
this update we introduce another relative valuation benchmark created by Yale
economics professor and Nobel laureate James Tobin, hence the name Tobin’s Q
Ratio. The Q ratio is calculated as the total value of the stock market divided
by the replacement cost of all its companies. Values greater than 1 indicate
stock prices sell above their replacement cost and are therefore “expensive.” A
reading below 1 indicates stocks can be bought below replacement cost and
therefore indicates that it is cheaper to buy a company than to build one.
A
long-term view of the Q ratio gives investors a good understanding of value,
information about current risk levels and a method to assess probable returns
for the long term. Secular bear markets historically bottom when the Q ratio
declines to a bargain level less than .4, meaning stock prices sell for just
40% of replacement value. Today’s reading of 1.03 is above the average reading
of .75 and considerably higher than the average secular low reading of .33. Investors
beware; stocks have considerable more downside potential before the Q ratio
truly reflects a great valuation. Buy and Hold tactics will continue to
frustrate investors, just as they have in the past decade.
[chart]
In
conclusion, none of the benchmarks we evaluate indicate we are anywhere close
to a secular stock market bottom yet. In the meantime, a prudent and profitable investment
strategy should be flexible enough to actively adjust portfolio asset
allocation, depending on where we are in the business cycle and the direction
of the secular trend.’
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know,
loosen / soften the suckers up for the coming year’s new fraud / scam. ] The
'January Effect Market Kumar ‘…January of 1929, for example, was off
to a brisk start as the Dow Jones Industrial Average climbed to 317 from 307.
But investors would be slammed later in the year by a historic stock market
crash that heralded the start of the Great Depression. January of 1987, too,
began nicely. The Dow climbed to 2160 at the end of the month after starting
out at 1927. But Black
Monday would hit investors in October of that year, leading to the sharpest
historical stock market decline in percentage terms. More recently, January
2001 had a strong showing when the Dow Jones finished the month at 10,887 after
starting at 10,646. Those reading it as an auspicious beginning would be hit
first by the further fallout from collapse of the dot-com bubble and then the
massive decline following the September 11 terrorist attacks. See full article from DailyFinance: http://srph.it/cyaPDT ‘… Then, more recently
there’s ‘ The stock market scored a strong gain and locked in its first
positive finish for January since 2007 (we all know what happened after that!
Crash!) with help from the energy sector, which climbed sharply in response to
a spike in oil prices.(Yahoo/Briefing.com) … Higher oil prices … riiiiight! …
that sounds bull(s***)ish … on fraudulent wall street. ]
Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import
of this so-called interview, and it is here that I part company with alex
jones, et als (who by the way, censored me for this very thesis, which puts him
and his at the top of my hypocrite list), is that the so-called elite have
orchestrated these events and ‘are in control’. First, there are no elites in
this world; you can’t derive elites from apes, nordochords, and initially
single celled organisms. Second, almost by definition and certainly by history,
there are no elites in america even if you were to accept the first proposition
(though true) as untrue. What you do have, in this world and america
particularly (with few exceptions as I’ve discussed elsewhere / comments / my
website), are inherent criminals and mentally ill people of varying degrees of
unscrupulousness and insanity who do commit crimes, both small and large, to
further their interests or fortunes (sociopaths / psychopaths). The ’so-called
alpha-dogs’ of the human species at most, but still incompetent vegetables who,
if you look at anything they touch (to use a term term of such incompetent
vegetables as historically pertains to their role in the mideast – and
generally the state of the world) it invariably goes ‘pear shaped’ (english
term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’
– what does he get paid for? No! The fact is, they have absolutely no idea how
this unfolds and as with most of their lives, they will predictably choose the
most sordid, despicable, and diabolical course at every turn because … that is
their inherently criminal, mentally ill / unstable nature to do so. ]
Bilderberg puppet master Kissinger warns that the uprising is a temporary state
of affairs, “only the first Scene of the first act of a drama that is to be
played out.”
Drudgereport: WIKILEAKS: FBI hunts the 9/11 gang that got away... Student,
14, suspended for 'weapon' -- a plastic pen casing... JUDGE
RULES HEALTH CARE LAW UNCONSTITUTIONAL Judge
cites Obama's own position from 2008 campaign...
Brent crude oil above $100 for 1st time since 2008... FLASHPOINT
Fighter jets swoop over Cairo in show of force... Mubarak
meets with military commanders... Generals
tell him to quit... Troops
move into Tahrir square as curfew passes... ElBaradei
joins protesters in square... Says
US 'losing credibility by the day'... Clinton
calls for 'orderly transition'... 'We're
not advocating any specific outcome'... Convicts
pour out of prisons... UPDATE:
100+ dead; 2,000 injured... Flights
out halted, tourists trapped... But
19 private jets get out... Egypt
shuts down Al Jazeera bureau... LIVE
STREAM... OBAMA
CONFUSES IRAQ WITH AFGHANISTAN... Will
be out 'by the end of this year'... Scientists
Discover: Chimpanzees mourn their dead just like humans!
11% of All
US Homes Are Now Empty...
On
economy, Obama takes a new role: cheerleader (Washington Post) [ No! That’s
not what he was elected for; besides, he just ain’t pretty enough (though you get
the impression that he thinks he is, in a very quiffy kind of way. Thanks, but
no thanks; that may sound good, but at this point, too little, too late for
america. Action, not words, wobama the b (for b*** s***). While figuratively,
‘nut and bolts’ are okay, it’s really ‘pencils, paper, and magnifying glasses’
for scrutinizing and correcting the structural defects (are you willing to pay
twice as much for the same products produced elsewhere, pay for the frauds on
wall street, pay for the rich over-compensation packages of corp. execs, pay
for the endless wars, pay for the richly accoutered capital hill / lifetime
appointee / federal employees (law enforcement excepted), etc.) and a
magnifying glass to discern the foregoing.
] The President has become the host of what feels like a looping
infomercial on American innovation. Russia's Ryabkov on U.S.-Russia relations:
'We can offer tangible results, and we will do more in the future' Well, I don’t know
about diplomatic relations (one can only hope), but if it’s sexual relations,
what’s not to like … about Russian girls … They’re total babes! Back to the
diplomatic front, I’ve grown a bit partial to the rationality of the Russian
leadership based not solely on what they say (defacto bankrupt america talks
about peace, but directly and through proxies, ie., israel, etc., is war
mongering, war facilitating, war profiteering on multiple fronts and killing
many innocent children, women, and men; and of course my own experience with
american meaningfully lawlessness, infra, etc.,
), but what they do (Russia’s engaged in no wars, made the transition
from communism to present without violence, finds time to preserve ‘The
Siberian Tiger’, etc., and is not a
hypocrite regarding professing to be a nation of meaningful laws as america
disingenuously purports to be, etc.) previous: Wall
Street firm targets District-based energy practice (Washington Post) [ From
one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the largest (
wall street/new york/jersey/ct. metro); ho, hum. The pervasively corrupt american illegal system …
corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments
should be abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society and
eliminate their lifetime stipends and costly bureaucracies. Rules of law mean
nothing to these typically corrupt americans. Most, including sam alito of the
u.s. supreme court, concerning drug money laundering and obstruction of
justice in the 3rd circuit ( also maryanne trump barry who
covered-up drug money laundering through her brother’s casinos in a civil RICO
case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money,
personal money, big, cash, untraceable money. The fog of war is great for such
things (360 tons $100 bills flown into Iraq and missing, etc.). CBS
declines to run ad submitted by NFL players union (Washington Post) [ As I’ve previously mentioned, I seldom
comment on sports matters and don’t for a minute profess to even know the
issues involved in this dispute. That said, I feel compelled to emphasize for
what it’s worth in terms of this conflict, that like no other time before in
the history of football and without any prospect of being less so on the
horizon, pro football today is absolutely no joke. Those guys are big, and
strong, and powerful and one can only wonder of the aches, pains, long-term
injuries ‘the day after’. ] Union
officials suggest the ad was pulled in deference to the networks' financial
ties to the NFL. Exxon
Mobil's profit soars, along with crude oil prices (Washington Post) [ And, you forgot to
mention, along with stock prices; right, in fraudulent wall street speak, the
higher oil prices on debased dollar and insurmountable national debt rally.
Incredibly, Japan’s debt has been down-graded (before u.s. debt) and compared
to defacto bankrupt america, they’re as flush (with liquid reserves) as a
over-flushed toilet. Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know, loosen
/ soften the suckers up for the coming year’s new fraud / scam. ] The
'January Effect Market Kumar ‘…January of 1929, for example, was off
to a brisk start as the Dow Jones Industrial Average climbed to 317 from 307.
But investors would be slammed later in the year by a historic stock market
crash that heralded the start of the Great Depression. January of 1987, too,
began nicely. The Dow climbed to 2160 at the end of the month after starting
out at 1927. But Black
Monday would hit investors in October of that year, leading to the sharpest
historical stock market decline in percentage terms. More recently, January
2001 had a strong showing when the Dow Jones finished the month at 10,887 after
starting at 10,646. Those reading it as an auspicious beginning would be hit
first by the further fallout from collapse of the dot-com bubble and then the
massive decline following the September 11 terrorist attacks. See full article from DailyFinance: http://srph.it/cyaPDT ‘… Then, more recently
there’s ‘ The stock market scored a strong gain and locked in its first
positive finish for January since 2007 (we all know what happened after that!
Crash!) with help from the energy sector, which climbed sharply in response to
a spike in oil prices.(Yahoo/Briefing.com) … Higher oil prices … riiiiight! …
that sounds bull(s***)ish … on fraudulent wall street. ] ] Exxon Mobil's fourth-quarter profit
soared 53 percent thanks in large part to higher crude oil prices, which jumped
Monday to their loftiest levels since 2008. Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. ]
Unlike other successful democratic uprisings, this one lacks charismatic
personalities and any clear agenda beyond ousting Mubarak, elections.
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know,
loosen / soften the suckers up for the coming year’s new fraud / scam. ] The
'January Effect Market Kumar ‘…January of 1929, for example, was off
to a brisk start as the Dow Jones Industrial Average climbed to 317 from 307.
But investors would be slammed later in the year by a historic stock market
crash that heralded the start of the Great Depression. January of 1987, too,
began nicely. The Dow climbed to 2160 at the end of the month after starting
out at 1927. But Black
Monday would hit investors in October of that year, leading to the sharpest
historical stock market decline in percentage terms. More recently, January
2001 had a strong showing when the Dow Jones finished the month at 10,887 after
starting at 10,646. Those reading it as an auspicious beginning would be hit
first by the further fallout from collapse of the dot-com bubble and then the massive
decline following the September 11 terrorist attacks. See
full article from DailyFinance: http://srph.it/cyaPDT
‘… Then, more recently there’s ‘ The stock market scored a strong gain
and locked in its first positive finish for January since 2007 (we all know
what happened after that! Crash!) with help from the energy sector, which
climbed sharply in response to a spike in oil prices.(Yahoo/Briefing.com) …
Higher oil prices … riiiiight! … that sounds bull(s***)ish … on fraudulent wall
street. ]
Don't
Blame Egypt for Friday's Sell-Off
Janjigian ‘…many problems remain. The federal budget deficit is too
large and the government is carrying too much debt. States and municipalities
are drowning in public pension obligations. The unemployment rate is improving,
but much too slowly. Mortgage delinquencies and foreclosures remain too high,
there are too many homes available for sale, and housing prices remain
depressed. Worldwide inflation is on the rise. There are even problems at the
corporate level. Yes, corporate profits are strong, but the same cannot be said
for sales. Many companies are reporting anemic growth on the top line at best.
Others continue to see revenues decline. Corporations are squeezing more
profits from fewer sales only by aggressively cutting costs. This kind of cost
cutting cannot go on forever. All businesses eventually reach a point where
more profits can be produced only from more sales. Most are probably at that
point already... A 10 percent correction should not surprise anyone...’
Is
the Market Headed for a Sell-Off? [ Yes … I agree, except that fundamentally the longer
term prospects are even worse than his bearish outlook suggests (don’t forget
the debasement of the dollar, manipulation, and spending / printing money the
nation doesn’t have in real terms behind this manipulated uptick) and
summarized as follows: ‘I suspect that this rally is on its very last legs. We
should see a very healthy 10% or so correction within the next 1-2 week period
... This market is headed for a sell-off. ] Zaky ‘As the market scrutinizes
President Obama's State of the Union Address, and looks to Bernanke & Co.
for any signs as to when the Federal Reserve's inflationary stance toward
monetary policy might be coming to an end, the Dow Jones Industrial Average
(DJIA) will be attempting its 9th consecutive weekly gain for the first time
since 1995.For the past 20 years, the Dow has managed countless 8-week rallies
which have tended to almost always end very poorly on the 9th week. The only
other time we've seen the Dow rally for 9 straight weeks was in the period
between January and March 1995. Before that, we would have to go to the 1980's
to find a 9 week period of consecutive gains.So the big question this week will
be whether the Dow can buck the 8-week trend or whether we'll see a sell-off to
end the week and the Dow streak at 8. What one should notice is how incredibly
weak the overall market tends to become after 8 weeks of straight gains.
Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it.
Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - AP - In its effort to silence protesters,
Egypt took a step that's rare even among authoritarian governments: It cut off
the Internet across the entire country. Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's
Mubarak sends in army, resists demands to quit (Reuters) ]
Embattled leader's move falls far short of demands that he give up his 30-year
authoritarian rule, leave the country and permit fresh elections.
Israel
watches Arab turmoil closely, but comments cautiously Washington
Post) [ Illegal nuke-totin’ war crimes nation israel, watch this closely since
the same was a long time coming … GOP senator favors cutting US aid to Israel (AP) ( Now this is a great and long overdue idea
that might also lead to enhanced peace efforts for the region; b e c a u s e ,
israel will have less money to waste on provocative and costly (particularly to
america financially and geopolitically) war games. ) AP - Tea party-backed
Republican Sen. Rand Paul favors cutting U.S. aid to Israel as part of a
deficit-driven effort to slash government spending by $500 billion this year,
drawing criticism from Dems (and capital hill generally as Buchanan once
described as israeli occupied territory, to america’s detriment) ... Rand Paul: End Aid to
Israel Pressed on CNN’s Situation Room about details on his budget cut
plans, Sen. Rand Paul (R-Ky.) says end all foreign aid–and when pressed further
says that includes to Israel. ]
Economic
growth strengthened (Washington Post) [ Wow! Mr. Irwin’s back to his
glass very much half full ways. The question is, is Mr. Irwin trying to
convince himself, or disingenuously trying to convince his readers. After all,
in reality, they’re really hasn’t been sufficient ‘bang for the buck’ (Fed
Continues Failed Monetary Policy Suttmeier, chief market strategist at
ValuEngine.com
‘Fed Is Continuing a Failed Monetary Policy (And,
amazingly, their rationale is the same failed rationale that preceded the last
bubble, as now, crash, as will, that was spun by senile greenspan that wall
street frauds / insiders sold into; you know, that so called wealth effect
which in reality is theirs not yours; viz., their gain, your pain.)
Information received since the Federal Open
Market Committee met in December confirms that the economic recovery is
continuing, though at a rate that has been insufficient to bring about a
significant improvement in labor market conditions. Growth in household spending picked up late last
year, but remains constrained by high unemployment, modest income growth,
lower housing wealth Business spending on equipment and software is
rising, while investment in nonresidential structures is still weak.
Employers remain
reluctant to add to payrolls. The housing sector continues to be depressed.
Although commodity prices have risen, longer-term inflation expectations have
remained stable, and measures of underlying inflation have been trending
downward . )
Moreover, and most importantly, those are more than just in short supply;
they’re not really there! ( Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it. BRACE
YOURSELF: Moody’s Basically Just Threatened To Downgrade The US A day after
S&P downgraded Japan’s debt, the attention turns to the US.
)] Data show that the recovery is becoming deeper and broader. U.S.
stocks drop sharply as protests intensify in Egypt (Washington Post) [Egypt
riots knock Wall St to biggest drop in 6 months (Reuters) In
Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - AP - In its effort to silence protesters,
Egypt took a step that's rare even among authoritarian governments: It cut off
the Internet across the entire country. Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's Mubarak
sends in army, resists demands to quit (Reuters) ]
Unrest in Egypt has
been ongoing all week, but the Internet only seemed to take notice when it
affected the Internet. The chilling aspect of an Internet clampdown is the
assumption that lies behind it: If you will not let your people tweet, what
else will you not let them do?
Regulators
shut banks (11 so far in 2011) in Colo,
NM, Okla, Wis
The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP) Internet cutoff fails to silence Egypt protests (AP) - AP - In its effort to silence protesters,
Egypt took a step that's rare even among authoritarian governments: It cut off
the Internet across the entire country.
Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011
00:20:58 GMT Egyptian President Hosni Mubarak dismisses his Cabinet,
calls on the army to help put down rising potests... Egypt's Mubarak sends in army, resists demands to quit (Reuters) - 1 hour agoReuters - Egyptian President
Hosni Mubarak refused on Saturday to bow to demands that he resign after
ordering troops and tanks into cities in an attempt to quell an explosion of
street protests again...
Egypt
riots knock Wall St to biggest drop in 6 months (Reuters) – [ No! That’s not correct! They probably would
like you to think that … some unforeseeable problem from out of nowhere
deflating their contrived fraudulent bubble that they always manage to sell
into. But the fact is the market’s overvalued to a point again beyond the pale
… another inflated point that the wall street frauds always seem to find some
reason other than the reality of a fraudulently manipulated overvalued bubble
to sell into. ] Reuters - Stocks suffered their biggest one-day loss in nearly
six months on Friday as anti-government rioting in Egypt prompted investors to
flee to less risky assets to ride out the turmoil.
GOP senator favors cutting US aid to Israel (AP) [ Now this is
a great and long overdue idea that might also lead to enhanced peace efforts
for the region; b e c a u s e , israel will have less money to waste on
provocative and costly (particularly to america financially and geopolitically)
war games. ] AP - Tea party-backed
Republican Sen. Rand Paul favors cutting U.S. aid to Israel as part of a
deficit-driven effort to slash government spending by $500 billion this year,
drawing criticism from Dems (and capital hill generally as Buchanan once
described as israeli occupied territory, to america’s detriment) ... Rand Paul: End Aid to
Israel Pressed on CNN’s Situation Room about details on his budget cut
plans, Sen. Rand Paul (R-Ky.) says end all foreign aid–and when pressed further
says that includes to Israel.
FCIC
Done; Lets Banksters Skate: Dave's Daily ‘The Financial Crisis Inquiry
Commission (FCIC), after months of investigation, concluded this entire
mortgage crisis was avoidable. Whew! Who knew?!? Bank stocks were up today
despite some suggestion from the commission report of some criminal referrals.
It must not have been any of Da Boyz at Goldman unless they're going after
maintenance staff. Some of the elite are getting steamed as Jamie
Dimon lost his cool while sipping Perrier at a panel in Davos. He didn't
say he was doing "God's
work," just not Satan's. Meanwhile back at Wall & Broad markets
did little overall with most excitement centered on NFLX which beat the pants
off earnings estimates and rose a modest 15%. Also higher were semi's and GE.
More POMO
on Thursday which is something we'll just have to get used to until June unless
there's QE3. Economic data was disappointing as Jobless Claims soared and
Durable Goods orders fell. Pending Home Sales were high but on must wonder how
much of these were foreclosure resales as this activity reached new highs last
month. Gold was knocked down sharply through what we've estimated as technical
support as investors are scrambling out of its safe-haven appeal and into
stocks...so
it's said . Most commodities were dragged lower by this action. Just at the
close MSFT reported disappointing results and after the close AMZN did the same
with the stock now down over 10% as this is written. We did an interview with Tony Davidow,
Managing Director, Portfolio Strategist, Rydex SGI Investments where we
discuss equal weight sectors including their new emerging market equal weights
which should prove interesting. Volume was once again quite light but breadth
was positive per the WSJ.’
Paulson's
$5 billion payout shocks, raises questions (Reuters) [ Shock? Come on …
everyone knows that crime in america pays … and pays well! ]
Jobless
Claims Rise to Highest Level Since October [ Jobless claims much worse than
expected … stocks rally. ] NEW YORK (TheStreet ) -- The number of Americans filing unemployment
claims rose to its highest level since October last week, the Labor Department
said early Thursday. The advance figure for seasonally adjusted initial claims
increased by 51,000 to 454,000 in the week ended Jan.22 after dropping to
403,000 in the previous week. Economists were expecting initial claims to rise
to 410,000, according to consensus estimates from Briefing.com . The
number of Americans filing continuing claims -- those who have been receiving
unemployment insurance for at least a week -- came in higher than expected as
well at 3.99 million for the week ended Jan.15, an increase of 94,000 from the
previous week's revised figure of 3.89 million. Consensus estimates projected
continuing claims to drop slightly to 3.83 million from 3.86 million reported
the previous week…’
Earnings Drag Dow Down to Another 12000 Closing Miss …Orders for goods expected to last at least three
years fell and a reading of manufacturing activity in the Federal Reserve Bank
of Kansas City's district slowed sharply in January…Japan's long-term credit
rating to double-A-minus from double-A, citing concerns over the country's high
debt levels…better-than-expected reading of pending sales of existing homes
(foreclosures / distressed sales – Drudgereport: Foreclosure
activity up across metro areas... ), coupled with a surprisingly large jump in jobless claims didn't add
clarity to the economic outlook (dismal) …
Microsoft's
Windows disappoints as PC sales wane (Reuters)
Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it.
Peter Schiff: FCIC is a
sham! The Financial Crisis Inquiry Commission report on the 2008 financial
crisis will spread the blame all around to everyone from federal regulators to
corporate overseers to all kinds of government officials. But is it all for
show? Peter Schiff, the president of Euro Pacific Capital argued the entire commission
was a $10 million sham designed to conclude the government’s own pre-conceived
notions. The report said the crisis was the result too few government
regulations, when in fact government regulations caused the problem, he
contended.
US
Crisis Blame & Shame: Banksters still on Easy Street A report on causes
of the recent global financial crisis has sparked anger over the authors of the
meltdown. The document released by a US investigative commission, points finger
at the country’s economic elite. But, as RT’s Lauren Lyster reports, previous
experience showed those responsible are likely to go unpunished.
BRACE
YOURSELF: Moody’s Basically Just Threatened To Downgrade The US A day after
S&P downgraded Japan’s debt, the attention turns to the US.
Drudgereport: USA 'SECRETLY BACKS UPRISING'
Egyptian
President Mubarak asks Cabinet to resign... Tanks
Sent Into Cairo... Explosions,
Gunfire Heard as Protesters Defy Curfew... Cities
become battlegrounds... Police
members remove uniforms -- join protests... Dramatic
video as thousands clash... LIVE
STREAM... Axelrod:
Obama Has 'Directly Confronted' Mubarak for Past 2 Years 'To Get Ahead of
This'... Iran
Sees Rise of Islamic Hard-Liners in Arab Lands...
Spain
jobless rate surges to 20.33%... GDP 4TH
QTR: 3.2%... Less
than expected; stocks slide... NASDAQ
outage leaves traders scrambling...
Egyptian
Strife Sends Oil Close To $100 On Suez Canal Closure Fears...
WH:
Obama has not tried to talk to Egyptian ruler... Lobotomy
joe biden weighs in with his somewhat stretched political philosophy: Mubarak's
no dictator, shouldn't step down... Egyptian
Police Using U.S.-Made Tear Gas AgainstDemonstrators... Egypt
Shows How Easily Internet Can Be Silenced... PAPER:
Events 'moving too fast for Obama administration'... Iranian
Media Hail Egypt 'Revolution'... Thousands
protest in Jordan, demand PM step down... Huge
anti-government protest in Albania... NY
mob task force spends 6 MONTHS probing 50-cent sausage heist... As with cuomo, you won’t see new york / mob infested
new jersey trying too hard if at all to hurt themselves by prosecuting mob
which is so integrally a part of both states… ‘On the mobbed-up docks of Bayonne , the
six-month probe was known as Operation Missing Link.Its target: A suspect who
swiped a $2 bottle of iced tea and used it to wash down a stolen 50-cent piece
of sausage - the lost link that left a bad taste in everybody's mouth, sources
told the Daily News.An investigation of the penny-ante heist was ordered by the
Waterfront Commission, the agency charged with policing the docks for mob corruption,
drug smuggling and other major crimes, the sources said.The investigation
included scores of interviews over countless hours dating to last August,
sources said - even though the victim was reluctant to press charges."It's
like Capt. Queeg and the strawberries," said New
Jersey state Sen. Raymond Lesniak , a harsh critic of the bistate
commission."It's a $2.50 ongoing investigation."One of the sources
was more blunt: "The whole investigation is bull----. It's a waste of
manpower, money and resources."Waterfront Commission General Counsel
Phoebe Soriel, while declining to address specifics, said the case was more
complex than it appeared."While the commission does not comment on pending
investigations, it takes any theft in the port seriously - especially theft
involving extortion," she said without going into detail.The reported
value of the stolen goods - a handful of change - is a microfraction of the
$200 billion that moves annually through the ports of New York
and New Jersey.The overkill began when the commission received an anonymous tip
that someone filched the drink and the sausage from a food truck catering to
dock workers.According to two sources, the case was quickly wrapped up: The
thief confessed to the crime, and the victim said an arrest was unnecessary.The
victim "didn't want to see him behind bars...just wanted him to
stop," one source said.But top commission officials, convinced its
investigators mishandled the case, ordered a second probe with every possible
witness reinterviewed, the sources said.Investigators from the 58-year-old
agency returned to the docks and conducted about 80 second interviews, all the
while cranking out piles of paperwork, the sources said.The commission was
blasted in August 2009 - one year before the sausage investigation was launched
- as home to corrupt execs barely better than the waterfront's notorious
mobsters.Officials were accused in a damning 60-page report of misusing
Homeland Security money, keeping a convicted crook in business and surfing the
Internet for porn.The iced-tea-and-sausage probe - which has yet to wrap up -
is considered an embarrassment among investigators and dock workers."They
snicker about it," one of the sources said.’
The FBI’s the only
serious anti-mob game in town: FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
The Mafia
family tree: FBI flowchart reveals [ This is a very big deal! http://albertpeia.com/mafiafamilytreeflowchartFBIarrests.htm ]
Car
bomb kills dozens (Washington Post) [ Ah, yes! Signs of american style
democratization in the middle east popping out all over. The other turmoil is
testament to the fact that other mideast nations have complacently sat back as
zionist israel / american ‘adventurism / war / war crimes / war profiteering
have taken their toll on the region, their people, and their aspirations which
like all such action outside a vacuum, have reactions. ] At least 48 were killed and 121 wounded when a booby-trapped car
exploded outside a funeral tent in a Shiite neighborhood of northern Baghdad,
escalating an upsurge of violence across the country.
New
research points to earlier human migration out of Africa (Washington
Post) [ This is hardly breakthrough news
inasmuch as the same has been reported with authority in as far back as 2005 4th
edition Michael Alan Park text; viz., ‘…fossils (of) the first fully modern
Homo Sapiens are found in Africa and Southwest Asia beginning around 160,000
years ago.’ Truth be told, I find such fine lines in this truly sad tale of the
history of man to be relatively unimportant. Interestingly, coincidentally, the
Drudgereport this day includes this headline: DNA:
Humans 97% same as orangutans … 98% same as chimps ... For decades, the consensus scientific opinion has
held that anatomically modern humans first migrated out of Africa some 60,000
years ago, heading north into the eastern Mediterranean region and then on to
Europe and Asia.
Anthropologists adopt a more favorable view
of Neanderthals (Washington Post) [ Well, I’m a bit
surprised and somewhat disappointed that with a little more effort, rather than
rely upon inference, they could have taken a trip to the new york / new jersey /
connecticut metropolitan area (etc.) and observed directly these lower italian
modern-day archaic humans! Then there are the other modern day archaics /
ape-like creatures that warrant greater scrutiny. ] "What
this means is that Neanderthals are not totally extinct. In some of us, they
live on ," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject. Signs of Neanderthals Mating With Humans Neanderthals mated with some modern humans
after all and left their imprint in the human genome. Genome
hints humans, Neanderthals rolled in prehistoric hay
You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals
and people interbred, fossil analysis finds For more info on man’s
humble beginnings, see
here http://www.albertpeia.com/anthroindex1.htm
[ I’m adding this here, having
seen while flipping channels an anthropologist talking up somewhat speciously
the brain size of Neanderthals. The important but missed point here was
potential ‘brain-power’ unrealized. Think of it this way: In the
life-threateningly cold climes they inhabited, pre-occupation with warmth,
fire, wood for fire, food, mere survival usurped all their waking moments. Have
you ever tried to study, learn, think clearly (and new thoughts / neurogenesis
thereby) under such harsh and perilous conditions; successfully? Neither could
they. ]Previously
I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists, psychologists, etc.)
as neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.] U.S.
must cut deficit, IMF warns (Washington Post) [ Duuuuuh! Ya’ think? CBO:
This year's budget deficit to hit $1.5T
Washington Post (Why
the CBO may not believe all its own deficit projections Christian
Science Monitor CBO:
Social Security to run permanent deficits (AP) No
stemming red ink: Federal deficit to hit $1.5T (AP) Deficit Outlook Darkens Wall Street Journal -
WASHINGTON—The federal budget deficit will reach a record of nearly $1.5
trillion in 2011 due to the weak economy, higher spending and fresh tax cuts,
congressional budget analysts said, ... Social Security now seen to run permanent deficits The Associated Press ) The nonpartisan budget agency
predicts the deficit will drop to $1.1 trillion next year. ] The
IMF warning comes as federal officials grapple with a congressional projection
this week that the annual deficit will reach a historic $1.5 trillion this
year. This is the latest report to raise concerns about how massive government
debts in developed countries could undermine the global economic recovery.
Report
points to U.S. regulators and big banks for economic crisis (Washington
Post) [ Come on! Wake up! … ‘failed to restrict their risky activities’ ,
‘pivotal failure to stem the flow of toxic mortgages’, etc.,… Of course not!
Why? Because this was intentional and an integral part (the bubble) of the
largest fraud in the history of this world (still ongoing with those toxic
assets / paper / securities now marked to anything as per legislated FASB rule
change, cashed out by the perps, and as yet, despite promises by wobama et als,
still unprosecuted). Though among the greediest but hardly the brightest bulbs
on the planet, the wall street frauds certainly were savy enough to understand
all aspects and mechanics of this fraud in real time. Quite simply, they did it
for the money, big money. This was a huge orchestrated securities fraud that
made huge profits / gains for the perpetrators at great expense / damage to
this among other nations. ] Krauthammer:
The
old Obama in new clothing (Washington Post) [ The truly sad thing is that
journalists / commentators as Mr. Krauthammer even waste their time pointing
out the obvious; viz., that wobama is an egregiously flawed man, failed
president, and a global embarrassment. Previous: Obama,
unbending Gerson: The
president's tone has changed, but he has not.
(Washington Post) [ Come on! How can anyone discuss ‘wobama the b’ (for
b*** s***) as a serious ideologue when the reality is that he’s just utter and
total b*** s*** … by what he does, not what he says … he stands for nothing! Previous: Grading
the SOTU / Robinson (Washington Post) [ I say this sincerely and without
even a tinge of sarcasm that anyone who even watched / listened to wobama’s
‘speech’ should be embarrassed / ashamed of themselves (not that I listened to
dumbya bush’s either). The grade is ‘f’ as in failure as is his failed
presidency, as in ‘f’ himself. Wobama is but a pathetic b*** s*** artist and a
total embarrassment! Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do they get
this stuff? Wobama not only continued war criminal dumbya bush’s perpetual war,
fraudulent wall street protectorate, etc., free-spending ways, but added to the
deficit in his own profligate ways; and, as I’ve said before, democrats /
republicans are but distinctions without significant differences. Moreover,
there’s the literal rearrangement of the congressional deck-chair seating in
the u.s.s. titanic halls for the non-event state of the union (wobama the ‘b’
for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ] ]
Jobless
Claims Rise to Highest Level Since October [ Jobless claims much worse than
expected … stocks rally. ] NEW YORK (TheStreet ) -- The number of Americans filing unemployment
claims rose to its highest level since October last week, the Labor Department
said early Thursday. The advance figure for seasonally adjusted initial claims
increased by 51,000 to 454,000 in the week ended Jan.22 after dropping to
403,000 in the previous week. Economists were expecting initial claims to rise
to 410,000, according to consensus estimates from Briefing.com . The
number of Americans filing continuing claims -- those who have been receiving
unemployment insurance for at least a week -- came in higher than expected as
well at 3.99 million for the week ended Jan.15, an increase of 94,000 from the
previous week's revised figure of 3.89 million. Consensus estimates projected
continuing claims to drop slightly to 3.83 million from 3.86 million reported
the previous week…’
Journalist
Backs Off Obama Birth Certificate Claim Kurt Nimmo
Drudgereport: EGYPT ON FIRE
Egypt
rounds up Muslim Brotherhood leaders... Internet
shut down; no TWITTER, FACEBOOK... RAW
VIDEO: Unarmed protester shot dead in streets... Jobless
Claims... Rise Foreclosure
activity up across metro areas... DNA:
Humans 97% same as orangutans … 98% same as chimps ...
HE'S BACK: Rahm ruled eligible for mayoral run... Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood flakes
like magic mushroom eater sorkin, LSD aficionado jobs (I now realize what that
premium priced disfunctional though fanciful
pizzazz of apple products that I would refuse to pay extra for stems
from-jobs says he owes it all to his LSD use-don’t forget, apple’s protected
source code, kernel, and consequent stability existed pre-jobs and I believe,
particularly after actually using an iphone, that the same is a way to extract
money from an ever increasingly dumbed down / dumb (and I think at the least,
eccentric if not obsessively pathological if you witnessed the near compulsive
use of these extraneous-rich, in a trivially frivolous way, devices) american
public by pandering to their desire for superfluous functionality which
requires additional purchases through apple-I do give them credit for the more
elaborate interface / touchscreen and the ipad, all of which is currently being
duplicated ex-apple and presenting greater values/utility/functionality for the
money-so also credit for pioneering), zionists including spielberg, etc.; no
small wonder that chicago and the nation are down the tubes.
] ...
CBO:
This year's budget deficit to hit $1.5T
(Washington Post) [Why
the CBO may not believe all its own deficit projections Christian
Science Monitor CBO:
Social Security to run permanent deficits (AP)
] The nonpartisan budget agency predicts the
deficit will drop to $1.1 trillion next year.
U.S.
seeks balanced approach to Mideast turmoil (Washington Post) [ Wow! Talkin’ about balance. The
response might be, ‘better late than never’, yet it won’t take long for all to
figure out that balance means heavily weighted to zionist israel / american
interests which of course, ultimately at this rate they will have none of.
Indeed, america’s pro-israel stance in the region is now as good as it gets;
which ain’t too good and fading fast based on … reality. It’s what they do, not
what they say. Then there’s turmoil, and unforgotten turmoil brought to the
region courtesy of israel / american / nato ‘adventurism’ / manipulation /
conflict / war which animus will linger long after this more parochial turmoil
has subsided. For america to believe the old ways will pull through is a dream
that will become a nightmare for american aspirations in the region. ]
Federal
Reserve stays course with bond-buying plan
(Washington Post) [ Plan? Did someone say Plan? Plan for whom? If you answered fraudulent wall you’d be
correct. Anyone else, not so much!
Obama,
unbending Gerson: The
president's tone has changed, but he has not.
(Washington Post) [ Come on! How can anyone discuss ‘wobama the b’ (for
b*** s***) as a serious ideologue when the reality is that he’s just utter and
total b*** s*** … by what he does, not what he says … he stands for nothing! Previous: Grading
the SOTU / Robinson (Washington Post) [ I say this sincerely and without
even a tinge of sarcasm that anyone who even watched / listened to wobama’s
‘speech’ should be embarrassed / ashamed of themselves (not that I listened to
dumbya bush’s either). The grade is ‘f’ as in failure as is his failed
presidency, as in ‘f’ himself. Wobama is but a pathetic b*** s*** artist and a
total embarrassment! Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do they get
this stuff? Wobama not only continued war criminal dumbya bush’s perpetual war,
fraudulent wall street protectorate, etc., free-spending ways, but added to the
deficit in his own profligate ways; and, as I’ve said before, democrats /
republicans are but distinctions without significant differences. Moreover,
there’s the literal rearrangement of the congressional deck-chair seating in
the u.s.s. titanic halls for the non-event state of the union (wobama the ‘b’
for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Samuelson:
Deficit
dodgeball (Washington Post) [ In past posts I’ve disagreed with the tenor
if not substance of Mr. Samuelson’s articles, even so far, if my memory on this
unimportant point serves me, alluding to his need to bone up on basic economics
by way of that once ubiquitous Samuelson economics text (is there a familial
relation?), gently implying him to be a soft-touch / lightweight with regard to
all things economic / business; but, this really takes the cake and I find his
article, euphemistically speaking, sorely lacking. Even his dodgeball
reference, though I might be accused of nit-picking, is misplaced. This is no
game. The literal life or death of the nation is at stake. The insurmountable
debt is unsustainable. Yet, nowhere in his article is there even a mention of
the perpetual, needless wars abroad which I would argue have worsened the
nation’s security position (blowback, ill will, geopolitical antipathy, etc.).
Indeed, this huge expenditure on these needless wars is literally frittered
away and even stolen ( 360 tons of $100 bills
flown into Iraq disappear, etc.), abroad denying the economic benefits of such
if spent domestically. His lip service
in two words, ‘(b) downsizing other programs, including defense’ ( and no
mention of the fraudulent wall street computerized high-frequency programmed
churn-and-earn / a negative in real economic terms) , falls short and his
article is sophomoric at best.
Drudgereport:
ANALYSIS:
Obama's Plan Would Cost Another $20 Billion, Raise Taxes... Rand
Paul proposes $500 billion in federal budget cuts... OBAMA
WARNS AMERICANS: World economic rules have changed... Address viewership falls from last year... PAPER:
Spaced out speech... ROUBINI:
Spending Freeze Just 'Spare Change'...
SHOCK
CLAIM: Hawaii Gov. Admits There Are No Obama Birth Records In Hawaii... RETRACTION:
'I misspoke and I apologize,' reporter says...
STATE
OF THE UNION: 81-Year-Old Man, 75-Year-Old Wife Severely Beaten In $18 Robbery
(new york, s.i.)...
On
public investment, Republicans again show they aren't serious (Washington
Post) [ I realize that Mr. Pearlstein
means well and as a journalist / columnist / reporter he must write something;
but, I take umbrage at any purported distinctions between the two parties when
measured against what they do in broader strokes ( perpetual war,
over-spending, protection for wall street frauds, etc.) and their dissembling
which I find nauseating and beyond the pale.
] When talking about the federal government and its budget deficit,
Republican politicians love to score points by noting that "you'd never
run your household or your business that way." Then again, you'd never run
your household or your business by ignoring investment. IED
casualties in Afghanistan spike (Washington Post) [ Yeah! That progress thing’s a b**ch! What do you expect them ( Petraeus
optimistic on war ) to say? That the money
spent / diverted to these lucrative for the few war profiteers ( 360 tons
of $100 bills flown into Iraq disappear, etc.) euphemistically misadventures has been worth the defacto
bankruptcy of the nation. The new military brass as with gates’ cia are without
honor, from illegal drugs, to illegal arms, to war crimes, etc.. ]
Home
prices fall, heightening fears of double dip (Washington Post) [ How ‘bout
just one big, continuing dip except for the protected frauds on wall street who
precipitated the decline! The debt levels are now insurmountable, the nation’s
defacto bankrupt, and the ‘no recession fed’s’ exacerbating all with there new
bubble for wall street’s sake that insiders and the frauds on wall street will
sell into. ] Only four areas posted
year-over-year gains in November, including Los Angeles, San Diego, San
Francisco and the Washington region. Meyerson: On
doing business (Washington Post) [ Come on! Wake up! There isn’t one
industry except entertainment (film particularly, and of course, hands on
health care) that can’t be done substantially cheaper (if not better, and some
would even argue better) in China. That’s the fact, jack! That’s reality!
That’s the structural shift that’s been the source of all that wall street cash
including huge, disproportionately ridiculous executive pay packages (along
with with wall streets protected frauds) … you know, that great sucking sound
that Ross Perot alluded to!Grading
the SOTU / Roboinson (Washington Post) [ I say this sincerely and without
even a tinge of sarcasm that anyone who even watched / listened to wobama’s
‘speech’ should be embarrassed / ashamed of themselves (not that I listened to
dumbya bush’s either). The grade is ‘f’ as in failure as is his failed
presidency, as in ‘f’ himself. Wobama is but a pathetic b*** s*** artist and a
total embarrassment! Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do they get
this stuff? Wobama not only continued war criminal dumbya bush’s perpetual war,
fraudulent wall street protectorate, etc., free-spending ways, but added to the
deficit in his own profligate ways; and, as I’ve said before, democrats /
republicans are but distinctions without significant differences. Moreover,
there’s the literal rearrangement of the congressional deck-chair seating in
the u.s.s. titanic halls for the non-event state of the union (wobama the ‘b’
for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI 'largest'
Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM PRESENTS: SEX AT 15! Young Star Defends
Show's Racy Content: 'It's What Teens Are Doing'... TACO BELL Pulls Ads... Teacher Suspended After 2nd
Graders 'Sex Acts In Class'... Joan Rivers calls Michelle
Obama 'Blackie O'... [ ‘Blackie O’ … Very funny! … I like that … but
don’t look for joan on ‘The View’ anytime soon, or invites from the whitehouse
either … but of course, and ‘Blackie O’ might retort that joan will be too busy
anyway, reprising the role of ‘The Joker’ in the next Batman film by the gifted
director, Christopher Nolan, with AH new Catwoman … meow! ]
] Robinson: It's hard to argue with that speech.
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. ]
Stick Save Bulls: Dave's Daily - ‘The headline writers couldn't
keep up with the late day "stick save" as most had stocks down on the
day. But, editors got things changed quickly. Bulls want Dow 12,000 and with
another round of POMO
the easy money is there. It's not just us stating the obvious, Jeremy
Grantham's Pavlov's
Dog on QE2 [ ‘ But be aware that you are living
on borrowed time as a bull; on our data, the market is worth about 910 on the
S&P 500, substantially less than current levels, and most risky components
are even more overpriced . ‘ ] essay and even MarketWatch
discussed this with "Market
Addicted to QE ." As far as most are concerned, even Bernanke, B still
follows A and one goal of QE is to raise stock prices. Commodity prices were
lower Tuesday as oil continues to slide while precious metals fell. Remember,
it's options expiration at the COMEX Wednesday so caution is advised. Economic
data was mixed with home prices falling sharply while Consumer Confidence beat
expectations. Earnings rolled in, and with few exceptions, continued to beat
analysts' estimates by wide margins (What do they pay these guys?) Volume
improved dramatically from Monday while per the WSJ, breadth mixed to
negative.’
Can
You Hear the Waterfall? Nyaradi ‘One of the most intriguing aspects of
financial writing is the various colorful aphorisms that abound in this
business. We enjoy comments like “the trend is your friend,” and we hope to
“let our winners run” while we watch “bulls and bears” struggle for control of
the hearts and minds of the markets.One of my favorites and I think the one
most applicable for today is the concept of the “waterfall” or the “waterfall
decline.” It’s certainly a visual image and one that can clearly be seen on
charts like the recent Shanghai Composite that we’ll take a look at in a
moment. With each passing day, the probability of a
waterfall decline in U.S. markets becomes more likely… ’
Why in the world would anyone still want
to live in the state of California at this point? Residents of California
have been forced to endure a brutally oppressive level of taxation for many
years, and yet the state of California has still managed to find itself on the
verge of bankruptcy. California Governor Jerry Brown declared a “fiscal
emergency ” in his state on Thursday, but nobody is even pretending that
such a declaration is actually going to help matters. Brown wants to cut
even deeper into the state budget (even after tens of billions have already
been slashed out of it in recent years) and he wants to explore ways to raise
even more revenue.
Meanwhile, the standard of living in
California is going right into the toilet. Housing values are
plummeting. Unemployment has risen above 20 percent in many areas of the
state. Crime and gang activity is on the rise even as police budgets are
being hacked to the bone. The health care system is an absolute disaster.
At this point California has the fewest emergency rooms per million people out
of all 50 states.
While all of this has been going on, the
state legislature in Sacramento has been very busy passing hundreds of new laws
that are mostly about promoting one radical agenda or another. The state
government has become so radically anti-business that it is a wonder that any
businesses have remained in the state. It seems like the moving vans
never stop as an endless parade of businesses and families leave California as
quickly as they can.
One of the only things keeping the
population of California relatively stable at this point are the massive hordes
of illegal immigrants that are constantly pouring into California cities.
There are certain areas of major California cities that you simply do not ever
want to go into anymore. In fact, there are rumors that the police will
not even venture into certain areas anymore.
Traffic in California is a bigger
nightmare than it ever has been before and the state cannot even keep up with
repairing the roads and infrastructure that it already has. There are a
few areas of California where you can still see the promise of greatness and
the amazing natural beauty that once attracted tens of millions of Americans to
the state, but they are few and far between now. At this point, most of
the state is turning into one gigantic hellhole.
Perhaps the state could have some hope of
turning things around if they had some solid leadership, but at this point the
vast majority of the politicians in the state are pushing agendas that are so
“radical” (not in a good way) and so “anti-American” that it is absolutely
frightening.
Of course on top of everything else there
is the constant threat of wildfires, mudslides and earthquakes. One day a
really “big earthquake” is going to hit, and once that happens many people
believe that the geography of the state of California could be permanently
altered forever.
But what most people are focused on right
now is the horrific financial condition that the state of California currently
is in. Governor Brown recently summarized his analysis of California’s
financial condition with the following statement: “We’ve been living in fantasy
land. It is much worse than I thought. I’m shocked.”
Yes, things really are that bad in
California.
The following are 22 facts about
California that make you wonder why anyone would still want to live in that
hellhole of a state….
#1 The California state government is facing a
potential state budget deficit of 19 billion dollars this year, and California
debt is rapidly
approaching junk status . One way or another the taxpayers of
California are going to have to pay for this mess somehow.
#2 California Governor Jerry Brown recently unveiled a
“draconian” budget plan for 2011 that includes 12 billion dollars more in
spending cuts and that maintains 12 billion dollars in recent tax increases.
#3 The state of California currently has the third highest state income tax
in the nation: a 9.55% tax bracket at $47,055 and a 10.55% bracket at
$1,000,000.
#4 California has the highest state sales tax rate in the nation by far
at 8.25%. Indiana has the next highest at 7%.
#5 Residents of California pay the highest
gasoline taxes (over 67 cents per gallon )
in the United States.
#6 California had more foreclosure filings that any
other U.S. state in 2010. The 546,669 total foreclosure filings during
the year means that over 4 percent of all the housing units in the state of
California received a foreclosure filing at some point during 2010.
#7 Home prices in some areas of California have
completely fallen off a cliff. For example, the average home in Merced,
California has declined in value by 63 percent over the past four
years.
#8 725 new laws (most of them either
completely pointless or completely stupid) went into effect in the state of
California on January 1st.
#9 20 percent of the residents of Los
Angeles County are now receiving public aid of one kind or another.
#10 The number of people unemployed in the state of
California is approximately equal to
the populations of Nevada, New Hampshire and Vermont combined .
#11 In some areas of California, the level of
unemployment is absolutely nightmarish. For example, 24.3 percent of the residents of El
Centro, California are now unemployed.
#12 Residents of California pay some of the highest electricity
prices in the entire nation.
#13 The state of California ranks dead last out of all 50 states in the
number of emergency rooms per million people.
#14 According to one survey, approximately 1 out of
every 4 Californians under the age of 65 has absolutely no
health insurance .
#15 At one point last year it was reported that in the
area around Sacramento, California there was one closed
business for every six that were still open .
#16 In the late 70s, California was number one in
per-pupil spending on education, but now the state has fallen to 48th place .
#17 In one school district in California, children as
young as five years old are being forced to watch
propaganda films that tout the benefits of “alternative lifestyles”, and
parents are being told that no “opting out” will be permitted.
#18 The crime rate in the San Diego school system is
escalating out of control. The following is what San Diego School Police Chief
Don Braun recently told the press
about the current situation….
“Violent crime in schools has
risen 31 percent. Property crime has risen 12 percent. Weapons violations (have
gone up) almost 8 percent.”
#19 Oakland,
California Police Chief Anthony Batts announced last year that due to severe
budget cuts there are a number of crimes that his department will
simply not be able to respond to any longer . The crimes that the
Oakland police will no longer be responding to include grand theft, burglary,
car wrecks, identity theft and vandalism.
#20 Things have
gotten so bad in Stockton, California
that the police union put up a billboard with the following message: “Welcome
to the 2nd most dangerous city in California. Stop laying off cops.”
#21 During one recent
23 year period, the state of California built 23 prisons but just one
university.
#22 The farther you
look into the future, the worse California’s financial problems become. According
to an article in the Wall Street Journal , California’s unfunded pension
liability is estimated to be somewhere between $120 billion and $500
billion at this point.
So
could the state of California actually go bankrupt?
In
Washington D.C., some lawmakers are now working very hard
behind the scenes to come up with a way to allow individual U.S. states to
declare bankruptcy.
If
something like that is worked out in Washington, then certainly the state of
California would potentially be one of the first states to take advantage of
it.
Unfortunately,
the truth is that the state of California is a complete and total mess at this
point, and not even bankruptcy is going to fix much.
The
state has become a rotting, festering hellhole that is getting worse by the
day. Yes, some really good people still live there, but there are some
really, really good reasons why so many people are leaving the state in droves.
But
perhaps you disagree. Does anyone want to state the case in favor of the
state of California? Please feel free to express your opinion below….’
Economy
News Nightmare: 20 Things That You Should Not Read If You Do Not Want To Become
Very Angry The
Economic Collapse
| Today America is very, very frustrated.#1 $311 billion #2 15 billion dollars #3 set a new all-time record #4 by up to 20% #5 “millions and millions of dollars” #6 a whopping 93% #7 “emergency savings” #8 47 percent #9 reached 937 #10 make as much money
#11 U.S. housing prices have now fallen further
#12 According to some very disturbing new
research, 45 percent of U.S. college students exhibit “no significant gains in learning
#13 Americans now owe more than $884
billion
#14 The United Nations says that the
global price of food hit an all-time record
#15 The more Americans that are on food
stamps the more profits that JP Morgan makes
#16 Back in 1970, 25 percent of all jobs
in the United States were manufacturing jobs. Today, only 9
percent
#17 Dozens of U.S. states
#18 The United States has had a negative
trade deficit every single year since 1976
#19 The U.S. national debt has crossed the $14 trillion mark #20 universal Internet ID
Drudgereport: CUT!
WHAT?! GOOGLE
Comes Under Fire for 'Secret' Relationship with NSA... IMF:
Instability Threatens Recovery... OH NO:
Price Drop Points to Likely Double Dip in Housing Market... Jobless
Rise in 20 States as Workers Still Laid Off... UK Economy
May Be Heading for Double Dip... Obama
will 'have to produce birth certificate' to run again... NYT:
Former Spy With Agenda Operates Own Private CIA... Quite serious a problem … Remember … these people really are quite
stupid but self-interested if not greedy; and, if the money’s right, they wrap
themselves in the flag and find a reason … remember ollie north who’s an
absolute dope … and there are many, many more worse than him. Then there’s
their war mongering which of course is the precursor to their war profiteering,
etc.. ]UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it... BACKTRACK: Now Hawaii won't release birth info... Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood flakes
like magic mushroom eater sorkin, LSD aficionado jobs (I now realize what that
premium priced disfunctional though fanciful pizzazz of apple products that I would refuse
to pay extra for stems from-jobs says he owes it all to his LSD use-don’t
forget, apple’s protected source code, kernel, and consequent stability existed
pre-jobs and I believe, particularly after actually using an iphone, that the
same is a way to extract money from an ever increasingly dumbed down / dumb
(and I think at the least, eccentric if not obsessively pathological if you
witnessed the near compulsive use of these extraneous-rich, in a trivially frivolous
way, devices) american public by pandering to their desire for superfluous
functionality which requires additional purchases through apple-I do give them
credit for the more elaborate interface / touchscreen and the ipad, all of
which is currently being duplicated ex-apple and presenting greater
values/utility/functionality for the money-so also credit for pioneering),
zionists including spielberg, etc.; no small wonder that chicago and the nation
are down the tubes. ] ... COURT:
Candidate 'must have actually resided' in city for 1 year before election... Plans
appeal to Illinois Supreme Court... CHICAGOLAND
SHOCK: RAHM BOOTED OFF BALLOT China
'on Collision Course' with USA... Bank
Moves to Buy U.S. Branches... Stealth
fighter 'based on crashed American plane'... Chinese
Pianist Played Anti-American Propaganda Tune at White House?
Emanuel
vows to fight ballot ruling (Washington Post) [ Ill.
court rules on Emanuel … OPINION:
Rahm got robbed (of his and of those of his prospective booty) Drudgereport: Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood flakes
like magic mushroom eater sorkin, LSD aficionado jobs (I now realize what that
premium priced disfunctional though fanciful
pizzazz of apple products that I would refuse to pay extra for stems
from-jobs says he owes it all to his LSD use-don’t forget, apple’s protected
source code, kernel, and consequent stability existed pre-jobs and I believe,
particularly after actually using an iphone, that the same is a way to extract
money from an ever increasingly dumbed down / dumb (and I think at the least,
eccentric if not obsessively pathological if you witnessed the near compulsive
use of these extraneous-rich, in a trivially frivolous way, devices) american
public by pandering to their desire for superfluous functionality which
requires additional purchases through apple-I do give them credit for the more
elaborate interface / touchscreen and the ipad, all of which is currently being
duplicated ex-apple and presenting greater value/utility/functionality for the
money-so also credit for pioneering), zionists including spielberg, etc.; no
small wonder that chicago and the nation are down the tubes.
] ... COURT:
Candidate 'must have actually resided' in city for 1 year before election... Plans
appeal to Illinois Supreme Court... CHICAGOLAND
SHOCK: RAHM BOOTED OFF BALLOT China
'on Collision Course' with USA... Bank
Moves to Buy U.S. Branches... Stealth
fighter 'based on crashed American plane'... Chinese
Pianist Played Anti-American Propaganda Tune at White House? NYT:
Former Spy With Agenda Operates Own Private CIA... Quite serious a problem … Remember … these people really are quite
stupid but self-interested if not greedy; and, if the money’s right, they wrap
themselves in the flag and find a reason … remember ollie north who’s an
absolute dope … and there are many, many more worse than him. Then there’s
their war mongering which of course is the precursor to their war profiteering,
etc.. ]UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it... BACKTRACK: Now Hawaii won't release birth info...
Hezbollah-backed
candidate has votes to become prime minister (Washington Post) [ Now who
could possibly deny the rationality of the Lebanese wisdom of a leader that
puts not war crimes nations israel / u.s. and nato allies interests, but rather
the interests of Lebanon and the Lebanese people first beyond words and
propaganda based on what they do; ie., most recent of many in the region: US-led
airstrikes kill Afghan civilians 1-24-11Two separate airstrikes by US-led
foreign forces have killed at least five civilians and wounded several others
in various parts of Afghanistan. ] BEIRUT - The Shiite armed movement Hezbollah
on Monday had the support needed for its candidate to become Lebanon's prime
minister, effectively ending the Western-backed rule of U.S. allies who came to
power more than five years ago.
Obama
won't endorse Social Security cuts (Washington Post) [
Is that written in stone? Does that mean veto? Is this failed presidency
pre-election year desperation? Where will the cuts come from for ‘deficit
reduction’? What does the teleprompter say? For some, social security is all
they have, many corporate pensions underfunded, defunct from bankruptcies,
non-existent, etc.. Now there is a very rich pension fund that the citizens
have paid for and does have a lot of fat for cutting; viz., Wikipedia:
‘Congressional pension is a pension made
available to members of the United States Congress . Members who
participated in the congressional pension system are vested after five (5)
years of service. A full pension is available to Members 62 years of age with 5
years of service; 50 years or older with 20 years of service; or 25 years of
service at any age. A reduced pension is available depending upon which of
several different age/service options is chosen. If Members leave Congress
before reaching retirement age, they may leave their contributions behind and
receive a deferred pension later.[1] ’ official site: ‘Members
of Congress are eligible for a pension at age 62 if they have completed at
least five years of service. They are eligible for a pension at age 50 if they
have completed 20 years of service, or at any age after completing 25 years of
service. The amount of the pension depends on years of service and the average
of the highest three years of salary. By law, the starting amount of a member’s
retirement annuity may not exceed 80 percent of his or her final salary. As of
October 1, 2000, the average annual pension for members of Congress who have
retired under CSRS is $52,464, and $46,932 for retirees under FERS-only or both
FERS/CSRS. ‘ ]
Economic
policy stuck in reverse (Washington Post) Jeff Sessions | Opinion We have seen no real plan,
no strong leadership, no apparent willingness to confront the growing danger on
the horizon. [ Mr. Sessions is right on target and for me to comment further
would only take away time from the ‘must read’ substantive article by Mr.
Sessions! ]
Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do they get
this stuff? Wobama not only continued war criminal dumbya bush’s perpetual war,
fraudulent wall street protectorate, etc., free-spending ways, but added to the
deficit in his own profligate ways; and, as I’ve said before, democrats /
republicans are but distinctions without significant differences. Moreover,
there’s the literal rearrangement of the congressional deck-chair seating in
the u.s.s. titanic halls for the non-event state of the union (wobama the ‘b’
for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan
Rivers calls Michelle Obama 'Blackie O'... [ ‘Blackie O’ … Very
funny! … I like that … but don’t look for joan on ‘The View’ anytime soon, or
invites from the whitehouse either … but of course, and ‘Blackie O’ might
retort that joan will be too busy anyway, reprising the role of ‘The Joker’ in
the next Batman film by the gifted director, Christopher Nolan, with AH new
Catwoman … meow! ]
]
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! ]
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan
Rivers calls Michelle Obama 'Blackie O'... [ ‘Blackie O’ … Very
funny! … I like that … but don’t look for joan on ‘The View’ anytime soon, or
invites from the whitehouse either … but of course, and ‘Blackie O’ might
retort that joan will be too busy anyway, reprising the role of ‘The Joker’ in
the next Batman film by the gifted director, Christopher Nolan, with AH new
Catwoman … meow! ]
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual,
historical realities support that President General Eisenhower is without
question the most under-rated president in america’s short-lived history. Is
there anyone who foolishly would believe this man of honor, the quintessential
General / Commander in Chief would be sacrificing lives (american among many
others) and treasury for the sake of war profiteers, greed, fraud, etc., as
now? ] President Eisenhower’s warned us
about the growing threat from the powerful military-industrial complex – and
it’s threat to our prosperity – 50 years ago. A
new culture war Milbank: Are GOP
spending cuts about the deficit or settling old scores? (Washington Post) [
What does it matter at this point. Who cares about motives at this too little,
too late juncture. Come on! Wake up! Culture wars? Who cares. That should be
the least of the wars and worries.The nation is defacto bankrupt. The states
are also defacto bankrupt. They’re talking about bankruptcy enabling
legislation for the states. There are many cities and municipalities in the
states are defacto bankrupt (they can declare bankruptcy as the law currently
stands). NYT
Reports States Looking For Ways To File Bankruptcy, Muni Bondholders To Be GMed
A few days ago we reported that Newt Gingrich was pushing for legislation
to allow states to file for bankruptcy, “allowing Them To Renege On Pension And
Benefit Obligations.” Path
Is Sought for States to Escape Debt Burdens Policy makers are working
behind the scenes to come up with a way to let states declare bankruptcy and
get out from under crushing debts. Drudgereport: BANKRUPTCY FOR STATES STUDIED CA DECLARES EMERGENCY Facing $1.6B shortfall, San
Fran pays employees $170 million in bonuses... From tonight’s
NYT : Beyond their short-term budget gaps, some states have deep structural
problems, like insolvent pension funds, that are diverting money from essential
public services like education and health care. Some members of Congress fear
that it is just a matter of time before a state seeks a bailout, say bankruptcy
lawyers who have been consulted by Congressional aides…’ ] Hezbollah
gets support of Druze leader (Washington Post) [ Is this a direct outcome
and consequence of israeli belligerence, war crimes, and america’s alliance
with and hence, apparent endorsement of such by america which also has
bloodstained hands from numerous civilian deaths in the region. Yes! After all,
no one would reasonably deny Hezbollah’s a**-kicking of israel in their fairly
recent ‘encounter’. ] The armed Shiite movement received a major boost in its
efforts to form a new government in Lebanon when a potential kingmaker swung
his support behind the group and its allies.
A
dim view of America's ability to compete in global economy (Washington
Post) [ Yeah … and I’d say, realistically speaking, that ‘slightly more than a
third’ are wrong. It’s a bit late in the game to be lamenting irrevocable
choices, decisions made, mostly for money to the interested few and the frauds
on wall street who cheered. This and worse coming is what it is and more
importantly, the way it is. Fait accomplis, not for better or for worse, but
realistically unlike never before in america’s short history, for much
worse. ] Barely more than a third of all
Americans rate the country's ability to compete economically in positive terms,
according to a new Washington Post poll. Bank
of America posts $1.2B loss for fourth quarter of 2010 (Washington Post) [
Today (after the wall street close) : Four U.S. bank failures bring year's total to 7 Could it be … BofA ‘hearing footsteps’? …
Naaah … they’re too big to fail. ] The
toll from the housing crisis could continue to drain billions of dollars from
nation's largest bank. Drudgereport:
BANKRUPTCY FOR STATES STUDIED CA DECLARES EMERGENCY Facing $1.6B shortfall, San
Fran pays employees $170 million in bonuses... From tonight’s
NYT : Beyond their short-term budget gaps, some states have deep structural
problems, like insolvent pension funds, that are diverting money from essential
public services like education and health care. Some members of Congress fear
that it is just a matter of time before a state seeks a bailout, say bankruptcy
lawyers who have been consulted by Congressional aides…’
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual,
historical realities support that President General Eisenhower is without
question the most under-rated president in america’s short-lived history. Is
there anyone who foolishly would believe this man of honor, the quintessential
General / Commander in Chief would be sacrificing lives (american among many
others) and treasury for the sake of war profiteers, greed, fraud, etc., as
now? ] President Eisenhower’s warned us
about the growing threat from the powerful military-industrial complex – and it’s
threat to our prosperity – 50 years ago.
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan Rivers calls Michelle
Obama 'Blackie O'...
Largest-ever
Mafia sweep makes nearly 120 arrests (Washington Post) [ Geeh! Who woulda’
thunk it … still mafia in new york ( jersey )? Why, with all the prosecutions
by gov. elect cuomo as n.y. attorney general (aught, naught, nil, nought, none,
nada, null, zilch) one might have thought there was almost no such thing of
mafia in new york (/ new jersey – same no pros scenario) anymore. Then again,
former n.y. gov. mario cuomo’s primary sole law practice client(s), cement and
concrete … well, if only the name was vito corleone and as with 1 client tom
hagen of ‘godfather’ fame … well, you get the picture. Drudgereport: FBI Rounds Up 127 Mobsters in
Biggest Mafia Bust in New York History…( This is great news and music to my
ears! I really hate the mob … I really do! Hats off to the FBI! ) ... MOB Bust So BIG they're being
held at ARMY Fort... ]
Federal and state agents arrested nearly 130 reputed mafia members from
seven East Coast organized crime families on Thursday, the largest coordinated
arrest in the FBI's quarter-century crackdown on the mafia, the Justice
Department said. Karzai delays parliament's inauguration as court
investigates electoral fraud (Washington Post) [ Pervasively
corrupt, defacto bankrupt american-style democracies and heroin production
breakin’ out all over the american mideast war zone. ] Fed
sees mixed picture (Washington Post) [ ‘Mixed picture’ … there you go …
kind of covers all bases … not like their absolute ‘no recession’
prognostication (which great recession / depression continues in real terms
when you take out, look through the worthless paper (currency, assets,
securities, etc.), obfuscation and b*** s***. Unnerving? Well, the grim reality
does bite; but, I’m not so sure they even see it, or more likely, they choose
not to look. Nerve? Yes, I’d say they’ve got nerve … as in gall, audacity,
chutzpah, etc., for foisting off on america (and the world) this ultimately
disasterous wall street welfare program. ] As the Fed gears up for its first
meeting of 2011, policymakers are trying to make sense of an economic picture
that is encouraging yet unnerving. First
lady, Wal-Mart partner on healthy foods program (Washington Post) [ Of
wal-mart’s (and wall street’s) rise, and main street’s (and america’s) demise;
the story goes something like this. As China’s american based seminal sales
agent / distributor of Chinese goods (cheered by fraudulent wall street),
wal-mart is well positioned to assist in american dietary matters; as, for
example, the less to no food diet, as in increasingly impoverished, defacto
bankrupt america eating less because they no longer can afford more (on bushes,
clintons, wobamas, etc.). ] As the
world's largest retailer, Wal-Mart is in a unique position to influence the
practices of suppliers. Hu
offers assurances to U.S. business leaders (Washington Post) [‘Chinese
leader presses Congress to do more to lift U.S. controls on exports to China’.
Yeah! Sounds like a plan! After all, they’ve gotten everything else, including
some of that top-level-security stuff (remember that missile guidance tech,
etc.), and not surreptitiously. All out in the spankin’ wide open as america (n
execs, political and corporate) ‘took the dive for that short-end money (but
lots) and a one-way ticket to palooka-ville’!
] In a speech, Chinese leader presses Congress to do more to lift U.S.
controls on exports to China. U.S.
Supreme Court Issues Landmark Decision: Constitution is Void PRNewswire-USNewswire Atlanta, Georgia ,
Washington, DC , and the justices of the United
States Supreme Court function like common criminals intentionally making bogus
rulings against honest people while covering up the crimes of their fellow
judges. I have been contacted by people from all over the country and
around the world with their stories of judicial corruption with judges all over
the U.S."My charges have been totally ignored by the
United States Attorney's Office, the FBI, and Congress. I do not believe
there is a shred of decency, honesty, or Constitutional rights in our federal
courts. In my opinion, we now live in a police state. Judges are
free to do absolutely anything they want. Our laws are meaningless.
Your life savings can be stolen by a federal judge, and they have no risk
in violating every law in the books."In my opinion, this is the most
serious issue that our country has ever faced. Our rights have been
stolen. And the mainstream media refuses to cover this story because they
are afraid of the judges. Heaven help us."I believe our only hope in
America is if the masses become aware of what is taking place. I am
writing an expose, and my book will be available at Borders, Barnes &
Noble, and on amazon.com soon. The publisher will decide if the title is Lawless
America or Screwed, Glued, and Tattooed ." For more information,
see www.LawlessAmerica.com .’
Drudgereport:
FBI
Rounds Up 127 Mobsters in Biggest Mafia Bust in New York History…( This is
great news and music to my ears! I really hate the mob … I really do! Hats off
to the FBI! ) ... MOB
Bust So BIG they're being held at ARMY Fort...
Tucson
restaurant to offer African lion tacos…..( Which pretty much helps explain the
mass shooting there! )...
House
GOP Lists $2.5 Trillion in Spending Cuts... China:
USA #1 no more... GE
CEO: China one day will be world's biggest economy... A
day after cutting $19B deal with China, Boeing slashes 1,100 US jobs... US
Stocks slide on fears of Chinese rate hike...
Obama:
'We Welcome China's Rise'...
Zimbabwe
mulls treason charges over WIKILEAKS … (Now what nation would want to be on the
same side of an issue as mugabe’s zimbabwe?)...
Currency system 'product of the past'... HU QUESTIONS FUTURE OF DOLLAR RISING
DRAGON: China on equal footing with USA as Hu visits Washington... GE
CEO: China one day will be world's biggest economy… daaaaah! ... Obama:
'We Welcome China's Rise'... Careful
to avoid criticism... HOUSE
VOTES TO REPEAL HEALTHCARE LAW... Dem
Compares Republicans to Nazis during debate... 26
states join suit against law... SHOCK
CLAIM: World needs $100 TRILLION more credit, says World Economic Forum... Japan
hits 'critical point' on state debt... APPLE
faces pollution storm in China... ‘A group of 36 Chinese environmental groups has accused Apple of
failing to address concerns over pollution and worker health issues in
factories supplying components for its gadgets…’ Home
building stuck near 50 year lows... CASHOUT:
Daley Files to Sell $8.3 Million JPMORGAN Shares After Joining Obama Team... Taiwanese
mock meeting w/ video cartoon... Missiles
off target in major Taiwan drill... China
'got stealth tech from Russia'... GE
to sign slew of China deals... 'Experience
China' takes over NYC's Times Square... PEW:
65% see China as an 'adversary' or 'serious problem'... STUXNET
WORM USED AGAINST IRAN WAS TESTED IN ISRAEL... Three
U.S. Soldiers Killed in Iraq... GALLUP:
U.S. Satisfaction Remains Near 12-Month Low... CBS
POLL: 77% say cut spending; only 9% say raise taxes... States
Warned of $2.5 Trillion
Pensions Shortfall... Schwarzenegger:
I Was 'Addicted' To Being Governor... Comprehensive
List of Tax Hikes in Obamacare... Republican
senator sees bipartisan agreement on debt ceiling … (no surprise here; after
all, they have to get paid…for what?…more and more people are asking the
question - all three branches including
the toy soldiers for perpetual war and illegal drugs / arms ops) ... Obama
Gives Communist Leader Lavish State Dinner... China
lending hits new heights; Funding to poor states (that includes defacto
bankrupt america) tops World Bank... RISE
OF RED DRAGON: CHINA SHAPES WORLD Jobs Takes
Medical Leave... House panel wants Homeland Security documents... GALLUP:
U.S. Satisfaction Remains Near 12-Month Low... Ahmadinejad,
Medvedev agree to boost ties... Moscow
reaffirms Soviet recognition of Palestine... Camden,
NJ braces for deep police, fire cuts...
Wall
Street firm targets District-based energy practice (Washington Post) [ From
one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the largest (
wall street/new york/jersey/ct. metro); ho, hum. The pervasively corrupt american illegal system …
corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments
should be abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society and
eliminate their lifetime stipends and costly bureaucracies. Rules of law mean
nothing to these typically corrupt americans. Most, including sam alito of the
u.s. supreme court, concerning drug money laundering and obstruction of
justice in the 3rd circuit ( also maryanne trump barry who
covered-up drug money laundering through her brother’s casinos in a civil RICO
case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money,
personal money, big, cash, untraceable money. The fog of war is great for such
things (360 tons $100 bills flown into Iraq and missing, etc.). Israeli
human rights groups sound alarm (Washington Post) [ As indeed they should!
As a war crimes nation along with pervasively corrupt, defacto bankrupt
america, israel has much to lose by exposure of their pervasive crimes though
the entire world is aware of same including illegal nukes! … Ie., Accountability is unclear in israeli probe of flotilla
raid ( Washington
Post ) Oh, come on! An israeli probe of an
israeli massacre of civilians. Time for israel to pay; for illegal nukes, for
violations of international law, for continued violations of u.n. resolutions,
for provocations as pretexts to sabotage peace talks, and on and on ad nauseum.
Why does america among other nations feel compelled to sacrifice themselves for
the sake of a global criminal nation with an insatiable greed and blood-thirst
as israel? ] An
initiative in the Israeli parliament this month to investigate the funding of
local human rights organizations has intensified debate here about the role of
the groups, which critics have accused of harming Israel.
Goldman
Sachs's profit drops by 52% in Q4
(Washington Post) [ Before everyone starts shedding tears, let’s realize
that those bonuses and compensation packages come off the top… Bank
giant Goldman rewards staff with €11.4bn Independent.ie | Wall Street banking giant Goldman Sachs revealed
today that staff earned a total of $15.4bn (€11.4bn) in pay and bonuses last
year. ] The decline in Goldman's bottom line is all
the more striking because it contrasts with huge gains at other financial
firms. As the financial sector continues to climb out of a historic hole, the
numbers reflect a divide between Wall Street and Main Street. [Previous: … Jobless
rate jumps as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s
been thrown under the bus for the greater good (wealth) of the very few (frauds
on wall street, etc.); wall street giving out record bonuses from
their accomplished fraud (with no-recession b.s. bernanke help) of $144
BILLION: Come on! This is gettin’ even more downright ridiculous (if that’s
even possible)! Pending home foreclosure / distress sales up, oil prices (and
oil stocks) up, debased dollar down, plus a little familiar ‘better than expected’
thrown in along with prospects of a ‘no-recession bernanke’ market-frothing
bull session on 60 minutes and, voila, suckers’ rally into the close to keep
the suckers suckered! What’s good for the frauds on wall street is bad for just
about everyone else which includes the vast majority of people and businesses,
domestically and globally, as current dollar manipulation / debasement
ultimately results in higher costs and loss of purchasing power (ie., oil,
etc.). Clearly, this is one of those fraudulent wealth transfers to the frauds
on wall street et als which will ultimately be paid for by those who least are
in a position to afford it, courtesy of the ever more worthless Weimar dollar,
etc., inflating earnings, eps, lowering p/e multiples, etc., see infra. This is
an especially great time to sell / take profits while you can since there's
much worse to come! Previous: Rosy numbers on consumer sentiment, unemployment
(far better than private forecasts) from the government prior to the holiday
so-called ‘shop till you drop’? How can anyone believe anything they say?
Najerian interviewed by Motek chimes in with the reason for good retail cheer;
viz., people have stopped paying their mortgages and are using the funds to
purchase retail goods; while Davidowitz adds that with record numbers of
americans on food stamps, real unemployment at 17+, and wall street giving out
record bonuses from their accomplished fraud (with no-recession b.s. bernanke
help) of $144 BILLION … the high end
stores / jewelers will do well … daaaaah! And, with insiders and wall street frauds selling into the bubble as
preceded last crash, this is an especially great opportunity to sell / take
profits! ] Obama
presses (as in pressing Mr. Hu’s pants) Chinese leader on rights At
summit, Hu admits his nation needs to make more progress (Washington Post) [ Riiiiight! … Mr. Hu says
with utmost sarcasm to continued perpetual war president, in the mold of dumbya
bush though national u.s. defacto bankruptcy, viz., ‘wobama the b (for b***
s***)’. White
House more hard-nosed about Chinese government /Hu
to face a tougher Obama administration (Washington Post) [ Please … don’t
make me laugh … and, are you sure you didn’t mean more ‘brown-nosed’ about the
Chinese government. This is starting to sound like seed material for the
Weekend Update SNL skit segment, ‘REALLY’. I mean, really. Does anybody believe
this? Come on … I don’t think so! ] Analysts say President Hu Jintao is eager
to burnish his legacy, but he will find a White House that views his government
with misgivings.] [Drudgereport: Currency system 'product of the past'... HU QUESTIONS FUTURE OF DOLLAR RISING
DRAGON: China on equal footing with USA as Hu visits Washington... GE
CEO: China one day will be world's biggest economy… daaaaah! ... Obama:
'We Welcome China's Rise'... Careful
to avoid criticism... ] President urges counterpart
to allow more freedom and open a real dialogue with the Dalai Lama, and raises
the case of imprisoned Nobel winner.
White
House more hard-nosed about Chinese government / Hu
to face a tougher Obama administration (Washington Post) [ Please … don’t make me laugh … and, are you sure
you didn’t mean more ‘brown-nosed’ about the Chinese government. This is
starting to sound like seed material for the Weekend Update SNL skit segment,
‘REALLY’. I mean, really. Does anybody believe this? Come on … I don’t think
so! ] Analysts say President Hu Jintao is eager to burnish his legacy, but he
will find a White House that views his government with misgivings.
Concerns rise over Afghan forces ] Proposed
sale of land stokes anti-Chinese views
Job creation seen as key to China's
investment in U.S. Obama
to feds: Cut the red tape (Washington Post) [ Riiiiight! That red tape
thing … you know, as in laws, regulations that rein in corrupt, illegal,
fraudulent behavior … Heck, we all know they’re not enforced anyway; ie., still
no pros of the frauds on wall street, plus legislative help to cover-up their
gargantuan past (and ongoing) crimes by way of mark to anything FASB rule
change for those worthless toxic paper assets from the last fraud, etc.. Yes …
change, as in change change by the man of change, changer wobama the ‘b’ for
b*** s***!. After all, the next election cycle will be gearing up and those
campaign funds need replenishin’. Sounds like a plan. ] Steve
Jobs Your Take: Apple
without Steve Jobs (Washington Post)
[ Yeah! It’s quite difficult to imagine in any positive sense. Indeed, there
was a feeding frenzy among the dinosaurs (ie., microsoft, et als) purportedly
owing to the absence of the 800 pound gorilla (Apple – far advanced in
evolutionary terms) which according to the frauds on wall street should benefit
the dinosaurs, spiking their share prices (unlike when gates, who just loved
that archaic BASIC programming language to death, etc., left; and then the
notorious problems with that ‘ms kernel’ that only people who know, KNOW). Jobs
indeed will be sorely missed! ] [ It should be
noted that the paranoid american criminals have once again, this time by way of
hack via microsoft (willing accomplice
as was att of jersey / dumbya bushland – deleted / I caught the problem and
have also installed opensource.org which I strongly recommend (at least a look
– won’t disappoint – I used same for the archived PDF post files) is free and a
breeze to use and though compatible with word and a multitude of other formats,
for now on these specific web site documents (I have image folders already
linked which would require at least a look) it’s easier and faster for the
time-being for me to add to the existing documents with word; but as is so of
america, microsoft’s a dinosaur) gave me a few problems, serious enough to
require a redo, which I have corrected / overcome; but believe me, I won’t
forget it! They will be sorry! ]
States
Warned of $2 Trillion Pensions Shortfall [ This is a very big deal! ] US
public pensions face a shortfall of $2,500 billion that will force state and
local governments to sell assets and make deep cuts to services, according to
the former chairman of New Jersey’s pension fund. Afghan drug war stumbles ] Rendition:
Where the War on Terror Meets the War on Drugs Patrick Henningsen …“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the
Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the
British Government and the European Parliament as being involved in this
traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Gulf
Stream II crashed in Mexico with 3 tons of cocaine on board ..it should not be
surprising that this illegal practice of rendition another cash
and narcotics .,,These flights are not subject to regular
customs checks, inspections or normal regulations as they move seamlessly
between destinations in the US, Britain, Europe, Middle East, Central Asia,
Cuba and possibly through US bases in Turkey, Greece and Morocco… Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA) Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies. There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea! Consumer
spending rises, but less than expected (Washington Post) [ Almost all the
economic news has been worse than expected yet the stock market has continued
its rationality/gravity-defying ascent. That ominous disconnect between wall
street and main street among other current and prospective victims of the current
bubble / fraud which the frauds on wall street and insiders commission,
churn-and-earn at lightning computerized high-frequency trading speed and
ultimately sell into. It’s the now familiar story on fraudulent but apparently
immune from prosecution wall street. Moreover, all that pomo / fiat paper
currency printing has just begun to take its toll (see infra)] . Giving
retailers the gift of sales growth for the sixth consecutive month, consumers
flex their spending power in December. Nations
seek to keep lid on food prices (Washington Post) [ It’s not just food
prices and one thing is certain; there’s much worse to come and resisting the
insurmountable record deficit ridden, pervasively corrupt, defacto bankrupt
american propaganda is a first step to understanding how bad, as in
unprecedented. Drudgereport: $100 OIL: DEAL WITH IT Rising Gasoline Prices Put
Consumers in Sour Mood... UK WARNING: OIL PRICES MAY KILL ECONOMY AND THE COALITION...
[ No! It’s the debased, over-printed u.s. et als fiat currency which is killing
the economies though masked by the fraudulent wall street feel good, for them,
bubble and which lends credence to the calls for a new world reserve currency,
ie., juan, etc. ] EYES ON OPEC... Feds threaten to sue states
over union laws … [ but hands off the frauds on wall street they say ] ... Comprehensive List of Tax
Hikes in Obamacare... FT: What chance a US default? ]
Faced with rising international food prices, governments around the world
are cooking up measures to protect domestic supplies and keep prices from
rising at home. Related News The
Teflon Market Is Here [ Just ask the ‘Teflon Don’ … oh, right … he’s dead …The
pervasively corrupt frauds on wall street, the fed, and the u.s. government are
desperate to evade their unequivocal responsibility and overdue punishment
(prosecution, fines, jail, disgorgement) for the last and ongoing (toxic, worthless paper
assets now marked to anything) fraud diverting attention from their own
culpability for the prior bubble/crash and on-going financial / economic
crisis, america’s worst economy and prospects in america’s relatively short
history with this contrived bubble exceeding that precursor to the last crash;
“this has never happened before, in 82 years of history”, and a crash is what’s
a-coming. This is nothing short of pathetic desperation that typifies the last
gasp of the dead and dying, figuratively of course. ] Roche ‘Calling this a “bullish” run might
be a bit of an understatement. There has been an unprecedented bid under the
market since August 2010. The Bernanke Put is well entrenched in everyone’s
minds. This week ’s spike in jobless claims was not enough to cause risk
appetite to temper as it likely just reminds investors that rising claims are
what led to QE2 to begin with. Indeed, this is a Federal Reserve that will not
allow equity prices to falter to any substantial degree. Nominal wealth
creation has become the rally cry of a group of economic thinkers who truly
have no idea how to create sustainable economic growth.
The
stats behind this bull market are even more remarkable than the rally itself
appears. As I noted in December the market literally could not
decline ZeroHedge
“As
a point of reference the S&P has been above the 10 day average for 30 days
straight, and above the 50 day average for 92 days straight. What is remarkable
are some statistical findings that pertain to the average’s movement with
respect to the SMAs. Sentiment Trader only 17 other times since 1928.
Not much else needs to be said. The
teflon market is here.
Update : Some additional thoughts from Jeff
Saut
Herb
Stein once remarked, “If something can’t go on forever, it won’t!” And, the
current “buying stampede” is now 90 sessions long, making it the longest one
ever recorded in my notes of more than 40 years. Combine that with many other
“finger to wallet” indicators suggesting caution and I am currently just
sitting. Indeed, sometimes me sits and thinks and sometimes me just sits. As
the astute Lowry’s organization opines, “Our last short term sell-signal for
aggressive traders was triggered on December 30th, when the 14-day Stochastic
indicator dropped from overbought levels and crossed below its moving average.
A conventional short term sell-signal, for culling selective stocks [from portfolios
After seeing the price of gold continue to climb and
reading all the ...http://blogs.forbes.com/.../gary-shilling-says-housing-will-get-much-worse Gary Shilling Gary
Shilling ]
Early in 2008, in his monthly Insight Insight readers.
Here's a scorecard to show how Shilling's forecast
from 2008 has panned out:
1. Sell or
sell short homebuilder stocks and bonds.
2. If you
plan to sell your home, second home or investment home anytime soon, do so
yesterday.
3. Sell
short subprime mortgages.
4. Sell or
sell short housing-related stocks.
5. Sell or
sell short consumer discretionary spending companies.
6. Sell
low-grade fixed-income securities.
7. Sell or
avoid most commercial real estate.
8. Short
commodities.
9. Sell or
sell short emerging market equities.
10. Sell
emerging country bonds.
11. Buy
the dollar before long.
12. Sell
or sell short U.S. stocks in general.
13. Buy
long Treasury bonds.
Gary Shilling released 12 New
Strategies for thriving during the market melt-down . We call
it his "Bear Market
Tool Kit Gary Shilling's Insight
Are the brokers and television analysts who
constantly parrot the "conventional wisdom" paying serious attention
to any of Shilling's predictions? Probably not. Gary looks for hidden investment opportunities
Gary has twice been
ranked as Wall Street’s top economist by polls in Institutional
Investor ; he was also named the country’s number one Commodity Trader
Advisor by Futures magazine. And in 2003, MoneySense ranked him
as the 3rd best stock market forecaster, right behind Warren Buffett. He also
challenges the consensus in appearances on CNBC .
Gary also has a long-standing reputation for
independent thought...and for getting it right. Back in 1969, he correctly
predicted, to the surprise of many, the 1969-1970 recession. In the early
1970s, he stood alone in predicting the severe 1973-1975 global recession. In
the late 1970s, when double-digit inflation was raging, Gary was nearly unique
in forecasting dwindling inflation rates as well as the wonderful stock and
bond markets that lay ahead.
Gary has been running away from the
herd for years, and he’s been nearly alone in making some early, and accurate,
calls:
•In early 1999, in the midst of the Internet stock
boom, Gary Shilling was nearly alone in warning of a collapse in tech stocks.
In January 2000, with stocks still strong, Gary Shilling said a major bear
market was at hand. In November 2000, he foresaw total declines of 30%-40% in
the Dow Industrials, 40%-50% in the S&P 500 and 70%-80% in the Nasdaq—right
on target with the overall decline of 35% in the Dow, 49% in the S&P and
78% in the Nasdaq.
•While bulls were talking up housing, Gary was nearly
alone for years in warning of a collapse well before the rest of the crowd saw
any signs that something was amiss.
Wouldn’t you have benefited from such insights? Gary
Shilling's Insight readers were not only well-prepared when the bad news
began to unfold, but were also equipped to make money while others suffered.
}
Downwardly
mobile in D.C. area (Washington Post) [ Well said, I love this … except,
not so limited to the d.c. area, but rather applicable to 21st century america
in general … the ‘downwardly mobile thang’ … except as to the relatively few as
to whom no laws nor rules of civilized behavior apply in any meaningful way …
you know, the ones who’ve plundered this nation, this nation’s treasury, this
nation’s people, and all the while plundering other peoples in other nations to
facilitate the schemes used in plundering the people of this nation (wall
street, the 3 strikes branches of government, war profiteers, etc.). ] For millions of Americans, the recession
has knocked them down the socioeconomic ladder. ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m no fan of sarah palin’s
although I am constrained to admit that as a fan of Saturday Night Live, I do
appreciate her contribution to comedic content in the show. That said, this new ‘tempest in a teapot’ of
her own making is a bit overdone. After all, it should be common knowledge by
now, to put it mildly, that she is quite dumb; and, like that burnt out, dumb,
war criminal and moron, dumbya bush (see , ie., bushisms from bush the
brain-damaged moron http://albertpeia.com/bushisms.htm ),
she also has trouble with words; more specifically, the meanings of words. But
it is also true that wobama and his ilk have trouble with words and their
meaning, particularly when those spoken words are measured against what he
does, his ilk never seeming to discern the glaring difference … wobama the ‘b’
for b*** s***. Lamentably (by her) and unexpectedly for palin was her failure
to fully understand ‘that jewish thing’ attached to the phrase and the tender
sensibilities of those who previously have been among the ranks of what seems more
and more to be a somewhat offbeat fanclub of sorts. Yeah, that ‘never hear the
end of it’ jewish stereotype of paranoid sensibilities to religious / ethnic
prejudice / slur behind some word, phrase, or even a sneeze (spielberg’s
childhood memories) can wind up turning around and biting you in you’re a** !
Previously: Krauthammer: Beyond
Ariz., a reckless charge (Washington
Post) [ If it were only that simple; viz., a palin ( I’ve previously said I’m
more concerned with her level of stupidity, dumb enough in an infantile way to
prove she had gonads by pressing the button – never goin’ to happen, her being
in that position), a beck, a bush, a wobama (Drudgereport: OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... , etc.,
there’d be hope for pervasively corrupt defacto bankrupt america. The fact is,
the problem is inherent to america / americans themselves as I previously wrote
here and reiterate: Will: Half-baked
explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The
foregoing are in no short supply in defacto bankrupt, meaningfully lawless,
pervasively corrupt, fraud prevalent america. See, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Moreover, Mr. Will as an oftimes
apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc.,
america, with crime rates exceeding by far those of any other so-called
civilized nations, might indeed find himself among those he’s so categorized.
Among the last separate page sections to my website will be a somewhat detailed
psychoanalytic evolutionary profile of the u.s. (one might ask who am I to do
so which is fair comment to which I would reply, read it, or not, your choice).
However, for the nonce, let me say that the it is no small coincidence that the
20th century has been dubbed ‘the american century’. That the 20th
century has been considered the bloodiest is at once the natural concomitant of
the foregoing reality. Keeping in mind the so-called ‘selective’ processes in
both insurance (adverse) and evolutionary (Darwinian) terms, and as well, the
psychology of it all from a behavioral perspective, america has indeed evolved.
From the genocide of indigenous populations, to outlandish propaganda in
support of same (ie., that ‘manifest destiny’ balderdash with overtones of
religiosity spoonfed since elementary school, etc.), to contrived conflict /
war, such, euphemistically bad behavior has been reinforced, some of which
conditioning not always purposeful, ie., the ever greater frauds perpetrated on
wall street for which there have been in large part no real punitive
consequences to the perpetrators; but, to the contrary, great financial rewards
though substantially detrimental to the majority. Despite the surface appeal,
that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the
few seeking seeking religious freedom (ie., Puritans among some others), most
then new americans were such disaffected rejects of their former homelands that
desperation at best was motivation for travel to the wilds of the ‘so-called
new world’ as opposed to intelligent, rational choice; criminals, mentally ill,
the not-so-bright but ruthless populating the new nation in disparate numbers
toward the ends consistent with greed and common criminality, corruption, and
venality. As of the age of the dinosaurs, the american century has passed into
the annals of a history replete with self-generating terrorism within and
without (that blowback thing). DRUDGEREPORT:
NATION SHOCKED: CONGRESSWOMAN
SHOT IN TUCSON ] Clinton pushes for economic and political
reforms in tour of Middle East (Post, January 13,
2011) Clinton
expresses solidarity with Arabs on Mideast tour
(Post, January 13, 2011; 4:05 PM) Diehl: Mideast
threats that can't be ignored (Washington Post) [ Amazing what not running
for prospective office can do for balanced thinking, but still not quite. After
all, who doesn’t know outside of america / israel that the biggest Mideast
threats are … america / israel and those nato allies that are but lapdogs of
the former. Moreover, some real scrutiny of and self-analysis by the aforesaid
is in order before purporting to be advisors to any nation at all. ] Tax
cuts hinder Obama's plans (Washington Post) [ Plans? What plans? Wobama’s
become the proverbial gumball machine; viz., put a nickel in, get a gumball of
your choosing. Even his teleprompter has more integrity / credibility than he.
Campaign promises, words, plans based on both, are nowhere to be found in the
failed presidency of wobama in wobamaland.
] Without deeper budget cuts or fresh revenue, officials will have a
tough time meeting the president's targets for tax-code overhaul and deficit
reduction. U.S.
urges China to open market, heed intellectual property laws (Washington
Post) [ Pretty please,with a cherry on top, and lots of sugar … that’ll work …
riiiiight! After all, based upon realities, economic, financial, geo-political
(– that perpetual war thing and america’s pervasive corruption / fraud from
wall street to all three brances of the u.s. government and ops, see, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) who should be giving whom
advice. ] Commerce secretary says
Beijing's policies of protecting domestic industries will no longer suffice. Henry
Kissinger: Our
challenge with China (Washington Post) [ Boy … talk about playing both
sides of the fence … H.A.K. as in hack … as in a blood-sucking leach of a
political hack! To the point, kissinger is a self-interested, greedy zionist
whose professional advice to war crimes nation israel has included cordoning
off illegal israeli occupied Palestinian territories and massacreing indiscriminantly
and completely the people, innocent men, woman, and children, therein. That
China’s rising and pervasively corrupt, defacto bankrupt america’s in
ineluctable decline is a foregone conclusion; and, even more to the point, in
no small part owing to kissinger’s efforts / policies on his patrons’ (that
economic shift to China cheered enthusiastically by ceos and wall street alike)
and particularly his own behalf. Little late to the party, mr. hak … after all,
what precisely did he do … that kissinger associates thing … for the money …
worse than those ‘run-of-the-mill’ lobbyists in d.c. (among the other alphabet
soup kitchens, cia, nsa, et als, think stink tanks, etc.). That america will
try to stop China’s rise is almost the natural concomitant to perpetual war /
pervasively corrupt / defacto bankrupt america’s intractable decline is also a
foregone conclusion. That either nation would be dumb enough to embark upon a
collision course of self-immolation is not (although america’s self-destructive,
in addition to destructive tendencies is a reality lost on no one). ] Initial
Jobless Claims Rise 35,000 ‘NEW YORK (TheStreet ) -- The number of Americans filing unemployment
claims unexpectedly rose last week, the Labor Department said early Thursday.
The advance figure for seasonally adjusted initial claims increased by 35,000
to 445,000 in the week ended Jan.8, the highest level since October. Economists
were expecting initial claims to drop to 405,000, according to consensus
estimates from Bloomberg. Estimates ranged from 400,000 to 415,000…’
An
Amazing Statistic About Our Abnormal Market [ The only thing amazing is
that no one has come forth to state how preposterous this ‘modern day miracle
of computerized programming technology’ can make unreality so appealingly and
seemingly real that all are swept away with this tsunami of b*** s*** until
it’s too late, which as preceding other crashes, seems furthest from thoughts,
mind, and plausibility until invariably, grim reality comes a-calling and this
scenario as before will end as before especially quite badly. ] ‘Rev Shark
at Realmoney.com posted an amazing statistic which I believe he found at
sentimenttrader.com.
According to
Sentimentrader.com, the S&P 500 has now gone 92 days without closing below
its 50-day moving average. That has only happened 17 times since 1928. But what
is really amazing is that over the past 30 days, we haven't closed below the 10-day
moving average even once. That has never happened in the last 82 years of
market history.
As I've stated multiple times, it is not the rally we
are experiencing that is strange, it is the total inability to pullback at any
point that is boggling to anyone who has more than 6 months of market history
under their belt.
[chart]
Don't forget in September and October we did not
close below the 13 day moving average for 2 months in a row. Indeed other than
a hiccup caused by Ireland, we might be working on the 5th month of no
pullbacks.
This is an abnormal market. Anyone using historical
context to trade is lost at sea. Congratulations to Mr. Brian Sack, the
Bernank, and his POMO crew for
making a mockery of traditional somewhat 'free' markets
Nevertheless,
balance sheet policy can still lower longer-term borrowing costs for many
households and businesses, and it adds to household wealth by keeping asset prices higher than
they otherwise would be.
Amen Brian. In the future I'd just eliminate the
middle man (primary dealers) and just buy SPY futures directly on a daily
basis, much more efficient than our current charade. Granted that removes the
Wizard of Oz effect (don't look behind the curtain - it's magic), but at least
it would be intellectually honest. (I know, I know - primary dealers don't
"buy stock directly" blah blah)
[Jan
6, 2010: Charles Biderman of TrimTabs Claims US Government Supporting Stock
Market] ’
Contours
of a large and lasting American presence in Iraq starting to take shape
(Washington Post) [ Wow! Sounds
like a plan … though hardly embraced by all; viz; the vast majorities in Iraq,
Afghanistan, and defacto bankrupt america are against this with dire
prospective consequences to follow. U.S.
Promises to be in Afghanistan Beyond 2014 [ Defacto bankrupt america can
afford it! Riiiiight! Sounds like a plan … for enhanced heroin production, war
profiteering, etc., benefiting the few to the detriment of the many. ]New York Times ] Treasury
secretary urges China to accelerate currency reform (Washington Post) [ Riiiiight! Well that
sounds like something the Chinese will buy into, coming from defacto bankrupt
america … sounds like a plan … for fantasyland! ] Beijing’s policy is hampering
U.S. competitiveness and harming the Chinese economy, Geithner says. Economic
recovery is on track (Washington Post) [ What? That (as per fed)
no-recession recession (depression) thing’s over. Certainly for the frauds on
wall street who caused the thing in the first place that’s true with the new
bubble and at what now insurmountable cost
(record $14 trillion plus debt – Faber: US will be using 30% of total
tax revenues just to pay interest on the national debt within a few years …
see, infra … )Fed's beige book reports gains in manufacturing and retail
sectors. Housing industry remains weak. E.U.
seeks to expand bailout fund to calm markets (Washington Post) [Nyaradi The
Sick Man Tries to Save the Terminally Ill ( I can’t recall the specific phrase, but applied here it goes
something like this, ‘Japan with a debt
to GDP ratio of 200% is going to save Europe, but who’s going to save Japan’.
Let’s
get real here as the u.s. house-building with decks, as in Titanics and
reshuffled / rearranged deck chairs, of cards, as in ‘houses of cards’, becomes
insanely ubiquitous worldwide and will systemically (now globally) end quite
badly. This is an especially great opportunity to sell / take profits since
there is much, much worse to come. ) Nyaradi ‘It was a quiet
day yesterday for ETFs and stocks in world markets as most exchange traded
funds recovered recent losses amid reduced tensions in Europe.Incredibly,
Japan’s intent to buy European bonds was the catalyst for the more positive
atmosphere in Europe, and as the title of this article suggests, this is truly
the sick man trying to save the terminally ill…see infra… ’ ]
ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m no fan of sarah palin’s
although I am constrained to admit that as a fan of Saturday Night Live, I do
appreciate her contribution to comedic content in the show. That said, this new ‘tempest in a teapot’ of
her own making is a bit overdone. After all, it should be common knowledge by
now, to put it mildly, that she is quite dumb; and, like that burnt out, dumb,
war criminal and moron, dumbya bush (see , ie., bushisms from bush the
brain-damaged moron http://albertpeia.com/bushisms.htm ),
she also has trouble with words; more specifically, the meanings of words. But
it is also true that wobama and his ilk have trouble with words and their
meaning, particularly when those spoken words are measured against what he
does, his ilk never seeming to discern the glaring difference … wobama the ‘b’
for b*** s***. Lamentably (by her) and unexpectedly for palin was her failure
to fully understand ‘that jewish thing’ attached to the phrase and the tender
sensibilities of those who previously have been among the ranks of what seems
more and more to be a somewhat offbeat fanclub of sorts. Yeah, that ‘never hear
the end of it’ jewish stereotype of paranoid sensibilities to religious /
ethnic prejudice / slur behind some word, phrase, or even a sneeze (spielberg’s
childhood memories) can wind up turning around and biting you in you’re a** !
Previously: Krauthammer: Beyond
Ariz., a reckless charge (Washington
Post) [ If it were only that simple; viz., a palin ( I’ve previously said I’m
more concerned with her level of stupidity, dumb enough in an infantile way to
prove she had gonads by pressing the button – never goin’ to happen, her being
in that position), a beck, a bush, a wobama (Drudgereport: OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... , etc.,
there’d be hope for pervasively corrupt defacto bankrupt america. The fact is,
the problem is inherent to america / americans themselves as I previously wrote
here and reiterate: Will: Half-baked
explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The
foregoing are in no short supply in defacto bankrupt, meaningfully lawless,
pervasively corrupt, fraud prevalent america. See, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Moreover, Mr. Will as an oftimes
apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc.,
america, with crime rates exceeding by far those of any other so-called
civilized nations, might indeed find himself among those he’s so categorized.
Among the last separate page sections to my website will be a somewhat detailed
psychoanalytic evolutionary profile of the u.s. (one might ask who am I to do
so which is fair comment to which I would reply, read it, or not, your choice).
However, for the nonce, let me say that the it is no small coincidence that the
20th century has been dubbed ‘the american century’. That the 20th
century has been considered the bloodiest is at once the natural concomitant of
the foregoing reality. Keeping in mind the so-called ‘selective’ processes in
both insurance (adverse) and evolutionary (Darwinian) terms, and as well, the
psychology of it all from a behavioral perspective, america has indeed evolved.
From the genocide of indigenous populations, to outlandish propaganda in
support of same (ie., that ‘manifest destiny’ balderdash with overtones of
religiosity spoonfed since elementary school, etc.), to contrived conflict /
war, such, euphemistically bad behavior has been reinforced, some of which
conditioning not always purposeful, ie., the ever greater frauds perpetrated on
wall street for which there have been in large part no real punitive
consequences to the perpetrators; but, to the contrary, great financial rewards
though substantially detrimental to the majority. Despite the surface appeal,
that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the
few seeking seeking religious freedom (ie., Puritans among some others), most
then new americans were such disaffected rejects of their former homelands that
desperation at best was motivation for travel to the wilds of the ‘so-called
new world’ as opposed to intelligent, rational choice; criminals, mentally ill,
the not-so-bright but ruthless populating the new nation in disparate numbers
toward the ends consistent with greed and common criminality, corruption, and
venality. As of the age of the dinosaurs, the american century has passed into
the annals of a history replete with self-generating terrorism within and
without (that blowback thing). DRUDGEREPORT:
NATION SHOCKED: CONGRESSWOMAN
SHOT IN TUCSON ] The
Sick Man Tries to Save the Terminally Ill [
I can’t
recall the specific phrase, but applied here it goes something like this,
‘Japan with a debt to GDP ratio of 200% is going to save Europe, but who’s
going to save Japan’. Let’s get real here as the u.s. house-building with
decks, as in Titanics and reshuffled / rearranged deck chairs, of cards, as in
‘houses of cards’, becomes insanely ubiquitous worldwide and will systemically
(now globally) end quite badly. This is an especially great opportunity to sell
/ take profits since there is much, much worse to come. ] Nyaradi
‘It was a quiet day yesterday for ETFs and stocks in world markets as
most exchange traded funds recovered recent losses amid reduced tensions in
Europe.
Drudgereport: World moves closer to food
price shock... OIL NEARS $100... Soaring commodities... PALIN CALLS OUT MEDIA 'BLOOD
LIBEL'... VIDEO... Death Threats at
'Unprecedented Level,' Aides Say... ABCNEWS: She 'once again has
found a way to become part of the story'... CBSNEWS: 'Plays the victim
card'... NBCNEWS: 'Ignorant' for using
'blood libel' term... Assange claims 'insurance'
files on Rupert Murdoch; Says China Top Threat to WIKILEAKS... ‘In this week's New Statesman, WikiLeaks
founder Julian Assange talks to John Pilger about Bradley Manning, his
"insurance" files on Rupert Murdoch and Newscorp - and which country
is the real enemy of WikiLeaks. To read the entire feature, pick up a copy of
this week's New Statesman available on newsstands from tomorrow. Some
highlights of the piece are below: The "technological enemy" of
WikiLeaks is not the US - but China, according to Assange. "China is the
worst offender," when it comes to censorship, says the controversial
whistleblower. "China has aggressive and sophisticated interception
technology that places itself between every reader inside China and every
information source outside China. We've been fighting a running battle to make
sure we can get information through, and there are now all sorts of ways
Chinese readers can get on to our site." On Bradley Manning - the US
soldier accused of leaking the diplomatic cables to WikiLeaks - Assange says:
"I'd never heard his name before it was published in the press." He
argues that the US is trying to use Manning - currently stuck in solitary
confinement in the US - to build a case against the WikiLeaks founder:
"Cracking Bradley Manning is the first step," says the Australian
hacker. "The aim clearly is to break him and force a confession that he
somehow conspired with me to harm the national security of the United
States." Such conspiracy would be impossible, according to Assange.
"WikiLeaks technology was designed from the very beginning to make sure
that we never knew the identities or names of people sub¬mitting material. We
are as untraceable as we are uncensorable. That's the only way to assure
sources they are protected." Yesterday, Assange's lawyers warned that if
he is extradited to America, he could face the death penalty - for embarrassing
the leaders of the US government. "They don't want the public to know
these things and scapegoats must be found," says Assange. And despite the
pressure the website has been under, reports of trouble at WikiLeaks are
greatly exaggerated, claims Assange. "There is no 'fall'. We have never
published as much as we are now. WikiLeaks is now mirrored on more than 2,000
websites. I can't keep track of the spin-off sites - those who are doing their
own WikiLeaks... If something happens to me or to WikiLeaks, 'insurance' files
will be released." The contents of these files are unknown, but, according
to Assange, "[t]hey speak more of the same truth to power." It is not
just government that should be worried about the content of these files,
however. "There are 504 US embassy cables on one broadcasting organisation
and there are cables on Murdoch and News Corp," says Assange. The attempts
by the US to indict Assange should worrying the mainstream press, he adds.
"I think what's emerging in the mainstream media is the awareness that if
I can be indicted, other journalists can, too," says Assange. "Even
the New York Times is worried. This used not to be the case. If a whistleblower
was prosecuted, publishers and reporters were protected by the First Amendment,
which journalists took for granted. That's being lost." Goldman
Sachs self-eval calls for disclosure of operations (Washington Post) [ Self-evaluation? Goldman-sachs? Don’t make me
laugh! … Oh, right … they don’t cheat, they just steal / defraud! ] Goldman is trying to turn the page on a
bad year (as in huge bonuses … that bad … riiiight!) . Chinese military tests fighter jet ahead of
Hu's meeting with Gates China
tests stealth aircraft before Gates, Hu meet (Post,
January 11, 2011; 6:12 PM) Chinese general to visit U.S. base in small
sign of thawing military ties (Post, January 12,
2011; 1:21 AM) Small sign of thawing?
Yeah, maybe … so small you’d need a electron microscope to see it … as gates
melted at the prospect of China’s latest new addition to their defensive
arsenal, which they can afford, as defacto bankrupt america drowns in
perpetual, contrived / self-created / self-destructive wars. ] China's
exchange reserves hit record level (Washington Post) [ Relations, relationship, reserves. I’d say
proportional … as in terms of, ie., rationality … as in, ie., relative
abundance; viz., China having substantially greater reserves and rationality
than irrationally, pervasively corrupt, meaningfully lawless, perpetual war
despite defacto bankrupt america. ] The thorniest problem in economic relations
between the United States and China is getting worse, just as the world's two
biggest economies prepare for a summit next week in Washington. Meyerson: Culture
of paranoia (Washington Post) [ That ‘for us or again’ us’ dichotomy that
flourished with unbridled enthusiasm and encouragement by lesser brains
typified by burnt out war criminal and moron dumbya bush & co certainly
gained traction with the bushlander failed regimes; but, truth be told, to the
surprise of many, the same mindless approach to all things domestic and
international has under wobama’s failed regime proved to be the coup de grace,
the ‘straw that broke the camel’s back, etc.. Indeed, the continuation of the
perpetual war policy despite the defacto bankruptcy of the nation has made
wobama’s failed presidency merely icing on what has become the american upside
down cake. From no pros of the frauds on wall street to increased war spending
and runaway deficits, wobama the ‘b’ for b*** s*** has proven the more america
‘changes’ the more america stays the same … in rate of decline, that is. Talk
radio … all b*** s*** with a few convenient facts interspersed for relevance.
I’d say liberal talk radio is worse in that if they’re not comin’ down hard on
wobama (I presume they’re not), then all their rhetoric in the bush years was
hot air. And hot air is what they are which is the reason d’etre for that
little on/off switch which is all the censorship that’s needed. That’s what I
use for the blowhards … and it works extremely well! ] ]
Four Financial Farces That Will End in Disaster Summers ‘At
this point the news out of the financial world is more insane than … well, just
about anything.
Farce #1: Japan Can Bail Out Anything.
First
off, Japan, which has a debt to GDP ratio of 200%, is bailing out Europe, which
has a smaller but equally disturbing debt problem. Yes, one broke country
(Japan) is now trying to bail out an entire economic union, despite the fact
that it hasn't succeeded in managing its own finances or economy in over 20
years.Indeed, the idea that Japan could bail out anyone when it’s failed to
create any substantial economic growth despite spending trillions of yen should
give you an idea of just how out of control the entire financial system has
become. We are literally in the end game now. Unless Martians come down and
start bailing out Earth, the Great Sovereign Default will be in full effect
within the next six months.
Farce #2: Inflation Is at 1%.
Meanwhile,
Ben Bernanke claims that inflation in the U.S. is at 1%. President Obama has to
maintain that this is a fact with a straight face next week when he meets with
French President Nicolas Sarkozy, who is witnessing food riots in Algeria due
to soaring food prices.The Fed has claimed inflation is under control for
months now, proving that its members must not eat food, drive cars, or know how
to read. Indeed, in order to ignore rising prices in the U.S., you would
literally have to not shop for groceries, not pump gas into your car, not read
the newspaper, and not have access to the Internet or any financial news
outlet.I sincerely hope that the Fed is not run by folks who fit this
description, but after reading the next two farces, I’m not so sure.
Farce #3: QE Is Working.
Various
Fed officials have stepped forward to claim that its Quantitative Easing
program has worked. Correct me if I’m wrong, but I thought the whole purpose of
QE was to lower interest rates.How then do you explain the following? [chart]As
you can see, interest rates have soared since the Fed implemented QE 2. It’s
not like QE has helped the U.S. economy either; food stamp usage has hit new
records since it began.And yet the Fed claims that QE is not only working, but
we need more of it. However, even that farce pales compared to the next and
final financial farce of today’s essay.
Farce #4: The Folks Managing the Fed’s QE Efforts Have No
Investing Experience.
Then,
of course, there’s the recent revelation that the Fed’s monetary policies
involving the purchasing of trillions of U.S. Treasuries are in the hands of
folks aged 26, 29, and 34, none of whom have any investing experience
whatsoever.And they’re in charge of buying up trillions in U.S. debt.If, at
this point, it’s not clear that the entire financial system is not a disaster
waiting to happen, then I don’t know what else to say. Indeed, our entire
system is built on fraud and managed by folks who don’t know what they’re
doing. And if you think they’ll steer us to safety, consider that around the
globe we’re already beginning to see signs of systemic collapse.Indeed, I
believe we are in fact on the verge of another round of deflation which will
take prices down across the board as the U.S. dollar rallies. However, this
period will be short-lived as it will be followed by a U.S. dollar collapse
soon after.At that point, the next stage is the paper currency collapse, the
stage at which inflation accelerates as the U.S. dollar collapses, destroying
purchasing power while inflation hedges explode higher.Some, like the most
popular picks (gold and silver bullion), will record strong gains. However,
others (the ones that 99.9% of the investment world are currently clueless
about), will go absolutely parabolic.’
Drudgereport: SILENCE: RI Gov. bans state
employees from speaking on talkradio... Dem Congressman: If Violent
Rhetoric Didn't Cause This Shooting -- It Will Cause Next One! BILL CLINTON: 'WE NEED TO BE
CAREFUL ABOUT THINGS WE SAY' … [ How about, OR DO! ] ... OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... Dem rep urging 'civility' had
called for FL guv candidate to be shot... NEW PUSH FOR 'FAIRNESS
DOCTRINE'... MSNBC Matthews Cites Radio
Stars Mark Levin, Michael Savage As Reason For AZ Shooting... Dem Senator Fundraises Off
Murders... PISTOL
SALES SURGE AFTER AZ SHOOTING
Snow in 49 states including
Hawaii…[Sounds like that ‘Global Warming Thing’…Riiiiight!] ... Bank of China Brings Yuan
Trading to USA... China Stealth Test Upstages
Gates, Hu... France our biggest ally,
declares Obama: President's blow to Special Relationship with Britain... Sarkozy to be subject of
'hugely embarrassing' film...
Merger
would create largest U.S. utility (Washington Post) [ Well, sounds like a
plan. That trend to ‘bigger the better’ / too big to fail thing. Down only a
penny in today’s trading. I’d call that a vote of confidence by fraudulent wall
street. Why, you can almost hear the wall street frauds cheering to the tune of
that familiar cheer, ‘We must, we must … increase the nation’s potential
economic bust … the bigger the better, the lesser the vetter … the better the
government boys will like us.! ] Duke Energy announces a $13.7 billion merger
deal with Raleigh, N.C.-based Progress Energy. Watchdog
over Afghan reconstruction resigns (Washington Post) [ Wow! Sounds like he
really meant business … which also meant, congress ‘hearing footsteps’ so to
speak, that he had to go. After all, applying a stringent standard that
promises to do something about fraud and corruption is a standard that would
threaten the entire u.s. government … all three branches. ] Arnold Fields, the head of the office
charged with investigating corruption in the multibillion-dollar effort to
rebuild Afghanistan has resigned, the White House said, following congressional
demands that he be replaced.
Government
contractor ATS shifts gears (Washington Post) [ Now granted … this is northern virginia,
alphabet soup kitchen territory (part of the Washington d.c. governement mob)…
rivaled in corruption only by such other pervasively mob infested states as
jersey (multi-ethnic mob), new york (Italian, jewish, irish, wall street),
Connecticut (whatever new york and d.c. says, mob), California (multi-ethnic
mob, young gangs movin’ up, local government / bureaucracies mob), and of
course the corrupt courts in all 5, but there’s somethin’ strange in the
neighborhood here. I mean, 1 weak or I mean 1 week tenure and probably want to
just give him some money. "We need
to do something to get those shareholders replaced by other shareholders -
whether it be one big shareholder or several smaller ones," said Bersoff,
‘who was the company's previous chief executive.’ This is the first statement
of its kind I’ve ever encountered in modern day finance, such as it is. Then
there’s that ‘government contractor thing’. Could it be that the michael
corleones of the cia want to ‘legitimize’ their enterprises which have included
illicit drugs, arms, etc.? All we really know is that Sidney … Fuchs. ] CEO
Sidney E. Fuchs resigns as the company announces its intention to pursue
strategic alternatives, including a possible sale. China
as Europe's white knight? (Washington Post) [ White knight? I don’t think so. Yellow night
and day, I think yes. Not to impugn their motives, but the Book of Ecclesiastes
said there is nothing new under the sun
Jun 18, 2007 ... John
Perkins' career as an economic hit man heartlanddiaryofbettyb.blogspot.com/.../confessions-of-economic-hit-man.html - Cached Similar
Mar 23, 2007 ...
Confessions of an Economic Hitman cobb.typepad.com/cobb/2007/03/confessions_of_.html - Cached Similar
Aug 9, 2006 ...
rustydude's diary Economic Hit Man www.dailykos.com/story/2006/8/10/04532/7753 - Cached Similar
Jul 13, 2010 ... In 2008,
Greek writer/director Stelios Koul made a documentary about Perkins entitled “Diary of an Economic Hit Man www.thewrap.com/.../cinema-libre-acquires-economic-hit-man-19179 - Cached
]
Traders are speculating that cash-rich China may step in and buy hard-hit
European bonds. Can
the Unshortable Market Be Shorted? [ I do not consider short-selling an
investment strategy, but rather a speculation that is only for the extremely
few, lucky and hence successful
speculators who are also capable and prepared to lose more than their
investment principal.] TraderMark ‘I have called this the unshortable market
for many months as it acts very strangely. Again it is not so much the move up
that is strange as the total inability for even short-term pitstops in the
months of September, October, December and thus far January. November was an
outlier event due to Ireland ...save for those headline events, I am sure
November would have acted similar to the other months. Frankly, as a
contrarian, when you hear people talking about unshortable markets you want to
fade that...but doing so the past many months would have ripped your face off.
So do we just give up until Jul 1 and QE2 ends? I doubt it will be that
convenient. During QE1, there were at least a few pullbacks...summer 09 comes
to mind. Further, almost every strategist now thinks SP 1400 to 1425 is in the
bag for year end 2011. The problem is, we are about 10% away from that target
just days into the year. Considering there are 11 more first days of the month
this year (which are now almost always up) and 51 more Mondays (which lead to morning
gap ups about 80% of the time nowadays) that does not leave much leeway for
Monday afternoons through Friday for price appreciation. Unless we are headed
to a repeat of fed-induced bubble mania circa 1999…’New
Ponzi Scheme: Blame Bernie [ Which one? Which ‘weak end at bernie’s’?
Bernie bernanke or madoff? As usual, where’s the DOJ? ‘The SEC seeks an
injunction, DISGORGEMENT and civil penalties’. Now note that that disgorgement
thing has yet to be applied to the gargantuan frauds on wall street. Indeed,
now flush with cash from legislative (mark to anything change in FASB rules)
and fed (new bubble) help, the frauds on wall street are cashing out bonuses
exceeding $144 billion. For those who think there’s no economic damage
attendant to such frauds as those perpetrated by the frauds on wall street
which the computer-programmed high-frequencey churn-and-earn continuing as we
speak, take further note of this disaster called the defacto bankrupt u.s.
economy that the slicker, though less blatant than the fraud that follows which
pales in comparison to that bailed out by the u.s. taxpayers at great long-term
cost to the nation. ] Singer
‘Frankly, it’s becoming a bit of a broken record. According to a Securities and
Exchange Commission (SEC) Complaint filed on January 6, 2010, a number of
Defendants perpetrated a Ponzi scheme – yet another such allegation against
another group of alleged fraudsters. Securities and
Exchange Commission, Plaintiff, vs. Raymond P. Morris, E & R Holdings, LLC,
Wise Financial Holdings, LLC, Momentum Leasing, LLC, James L. Haley,
Cornerstone Capital Fund, LLC, Vantage Point Capital, LLC, Jay J. Linford
Freedom Group, LLC, and Luc D. Nguyen, Defendants NOTE:
The SEC Complaint contains only allegations. The Defendants are presumed
innocent of the charges and it will be the government’s burden to prove the
Defendants’ guilt at trial.
Illinois
faces steep tax increases to meet fiscal crisis (Washington Post) [ This is
only the beginning of this continued ultimately hyperinflationary depression
with much worse to come. How
the recession imploded states' finances (Washington Post) [ This is truly no joke! Municipal
Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken down banks,
and even countries, threatens more than 100 American municipalities this year.
According to Meredith Whitney, who works as a US research analyst, local and
state debts are the biggest concerns to the US economy today. It is large
enough to derail economic recovery.
She said that,
There’s not a doubt
on my mind that you will see a spate of municipal bond defaults. You can see
fifty to a hundred sizable defaults – more. This will amount to hundreds of
billions of dollars’ worth of defaults.
American states and cities have a total debt load of
around $2 trillion.
New Jersey government Chris Christie summarized it
clearly,
We
spent too much on everything. We spent money we didn’t have. We borrowed money
just crazily. The credit card’s maxed out, and it’s over. We now have to get to
the business of climbing out of the hole. We’ve been digging it for a decade or
more. We’ve got to climb now, and a climb is harder…’ Video:
State pensions face 'death spiral' Wash.Post (It’s not just state and local
… it’s national, ie., social security, medicare, Medicaid, veterans, etc., and
as well, some companies. ) Sept. 15 (Bloomberg) -- U.S. state pensions such as
Illinois, Kansas and New Jersey are in a "death spiral," with assets
at many insufficient to cover benefits, payouts consuming a growing portion of
resources and costs rising twice as fast as investment gains. Bloomberg's
Monica Bertran reports. (Source: Bloomberg) (Bloomberg) ] While experts call Illinois's plight the
worst in the nation, many states are grappling with the perils of air-brushing
structural budget problems rather than implementing difficult tax increases or
service cuts. White
House to extend more support (to overcome widespread suspicion and
anti-americanism) to Pakistan (Washington Post) [ Well, there you have it. Another
victory notched up for defacto bankrupt, war criminal nation america. Sounds
like a plan … you know, that winning hearts and minds thing … destroy the
country, kill their people, have contractors siphon off the cash (with
kickbacks of course). Victory americana … Riiiiight! ] Offer aimed at overcoming widespread
suspicion and anti-Americanism in nation, which is seen as a vexing but crucial
partner in anti-terror efforts
Data
point to economy crawling out of downturn (Washington Post) [ I don’t
believe anything the u.s. government et als says or reports. What Today's Job Numbers Aren't Telling You Simon Maierhofer, On Friday January 7, 2011, 6:10 pm
EST
Health-care
repeal vote looms (Washington Post) [ Starting with real / unspun data
/ facts is the wisest course, and such should be conveyed to the taxpayers who
ultimately pay, including the bloated salaries of the corrupt, incompetent
‘washingtonians, federal employees, bushies, obamanoids, etc., CBO Says Repeal Would Reduce
Spending by $540 Billion... The Congressional Budget Office,
in an email to Capitol Hill staffers obtained by the Spectator ] …
Right
to undo? Panel | How much should Republican House leaders focus on
undoing past
initiatives versus creating their own new ones? | Weigh
in
Twain
needs no fixin' (Washington Post) [ I quite agree with Ms. Parker,
particularly in this digital age which facilitates such censorship which can be
accomplished with such ease and an environment as in the self-created paranoid
u.s. replete with pervasive corruption, incompetence, and criminality where
perpetrators / criminals therein cry out for more cover-up / censorship all in
the self-destructive name of ‘war on terror’, jingoistic patriotism, etc.. I’m
against almost all censorship (subject
to very limited exceptions, ie., ‘yelling fire in a crowded theater, kiddy
porn, etc., except that the u.s. courts are so corrupt and venal that they can
no longer be trusted to responsibly apply those limited exceptions to narrowly
defined exceptional circumstances. See, for example, RICO case
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm )
. DRUDGEREPORT: NYT
SATURDAY: NUMBER OF COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR
LEVELS... DEVELOPING... 'WE'RE
DIGGING OUT OF A HOLE' ‘…Barack Obama is a cooked goose. He is absolutely
the most incompetent president of the U.S. ever, so he continues to spin the
numbers in such a manner that might make him look good. News for him: NOTHING
will make you look good. Pretty is skin deep, incompetence goes clear to the
bone. "Let his days be few; and let another take his office." Psalms
109:8- RightStuff, Texas, USA, 7/1/2011 19:45
You know what happens when you keep digging a hole - you reach China and
that is what is going to finish the americans and Obamarama...- Olrik, Canada,
7/1/2011 19:41
'We're digging ourselves out of a hole' - Barack Hussein Obama To get
out of a hole you've dug so deep, is to STOP DIGGING, fill it up with soil so
you can climb OUT OF THE HOLE. STOP SPENDING OBAMA! STOP PRINTING MONEY! The US
dollar is weakening against YUAN of China. Republicans better start cutting all
spending, defund/repeal Obamacare, America is flat BROKE! If Republicans can't
rein all spending created by Pelosi and her peons, their DEBT would be BIGGER
than their economy.- Observer, over here, over there, 7/1/2011 19:33
Well the ammo index is still down, I guess having 3,000 rounds is
enough- NVBob, Richland WA USA, 7/1/2011 19:31
Fill in the hole, with Obama in it, at the bottom!- Stan, St Louis,
Missouri, USA, 7/1/2011 19:30
Jobs report an 'utter
mess'... ‘…However, some economists were less optimistic.
'It's a bit of a mixed bag,' said Ryan Sweet, an economist at Moody's
Analytics. Many analysts hoped to see larger job gains, and the drop in the
unemployment rate is unlikely to be sustained, he said. 'The labour market
ended last year with a bit of a thud,' he said…’ China plans $1.3 billion
'seven-star hotel'... China Backs Europe, Euro for
Investing Reserves... REPORT: Too much fluoride in
US water... Parker: Is
a Correction Inevitable? [Short answer: YES! ] Vistesen ‘The signs are
clear: risk is overloved, overbought and overextended but does this necessarily
spell the inevitable correction? [Short answer: YES! ] (click for larger image) [chart] Plan
B Economics points to the obvious that oftentimes in the world of
investing, a choir chiming for an event to unfold is the best bet that it will
not occur.
I’ve had a pretty good
sense in the past knowing when the “correction” trade is overcrowded. I gotta
say that I definitely sense that now. Bulls are on guard for a correction and
bears are calling for one too. In fact, I’ve never seen such a unanimous call
for a correction as I do now in a long time. Near the low of the day I saw a
headline from bigcharts.com that said some portfolio manager claimed the
January correction has started. The market didn’t even go in the red for the
year yet and this guy’s already saying the correction has started? Talk about
being over-eager. I believe this group think call for a correction means that a
correction either won’t happen or will be quite shallow, well below
expectations.
As a good friend of mine noted that this is like
second-guessing the second-guesser. Market timing is best performed when
frontrunning the crowd, not standing in the middle shouting like everyone else.
On the technical side, I would like to see two (or three) straight days of
declines in the SPY before calling it.The more interesting point is how deep
(or shallow) it will be. A move to the 50 day MA marker would be something like
4.15% and come at around 1221 at current levels. Sounds about right to me.’ [
Vistesen’s clearly an unbridled optimist! ]
Drowning
in Debt Nyaradi ‘ Everywhere I looked yesterday, the world seemed to be
drowning in debt.
DRUDGEREPORT: NYT SATURDAY: NUMBER OF
COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR LEVELS... DEVELOPING... 'WE'RE
DIGGING OUT OF A HOLE' ‘…Barack Obama is a cooked goose. He is absolutely
the most incompetent president of the U.S. ever, so he continues to spin the
numbers in such a manner that might make him look good. News for him: NOTHING
will make you look good. Pretty is skin deep, incompetence goes clear to the
bone. "Let his days be few; and let another take his office." Psalms
109:8- RightStuff, Texas, USA, 7/1/2011 19:45
You know what happens when you keep digging a hole - you reach China and
that is what is going to finish the americans and Obamarama...- Olrik, Canada,
7/1/2011 19:41
'We're digging ourselves out of a hole' - Barack Hussein Obama To get
out of a hole you've dug so deep, is to STOP DIGGING, fill it up with soil so
you can climb OUT OF THE HOLE. STOP SPENDING OBAMA! STOP PRINTING MONEY! The US
dollar is weakening against YUAN of China. Republicans better start cutting all
spending, defund/repeal Obamacare, America is flat BROKE! If Republicans can't
rein all spending created by Pelosi and her peons, their DEBT would be BIGGER
than their economy.- Observer, over here, over there, 7/1/2011 19:33
Well the ammo index is still down, I guess having 3,000 rounds is
enough- NVBob, Richland WA USA, 7/1/2011 19:31
Fill in the hole, with Obama in it, at the bottom!- Stan, St Louis,
Missouri, USA, 7/1/2011 19:30
Jobs
report an 'utter mess'... ‘…However, some economists were less optimistic. 'It's a bit of a mixed
bag,' said Ryan Sweet, an economist at Moody's Analytics. Many analysts hoped
to see larger job gains, and the drop in the unemployment rate is unlikely to
be sustained, he said. 'The labour market ended last year with a bit of a
thud,' he said…’ China
plans $1.3 billion 'seven-star hotel'... China
Backs Europe, Euro for Investing Reserves... REPORT:
Too much fluoride in US water... CBO
Says Repeal Would Reduce Spending by $540 Billion... The Congressional Budget Office, in an email to
Capitol Hill staffers obtained by the Spectator
Republicans
reject cost estimate on health repeal (Washington Post) [
One thing’s certain … they’ll agree to disagree … $14 plus trillion and
counting and wobama the b for b*** s*** and co are worried about a couple
hundred billion … tax cuts to the rich …
(Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE!) ‘ Then again, look at the
war spending : Drudgereport: Congresswoman
calls Afghanistan 'national embarrassment'... 'Epic
failure'... Rep.
Lynn Woolsey (D-CA) talks about the "disastrous" war that is
Afghanistan. "This war represents an epic failure, a national embarrassment
and a moral blight," Rep. Woolsey said. [ True enough! Though broke,
they’re still voting for more war across the board. But even more than that,
this war is a blowback-creating, self-perpetuating, self-destructive,
self-defeating, colossally expensive debacle benefiting only the war profiteers
/ lobbies and attendant frauds while diverting attention from the more
’mundane’ tasks of governance of a failing, pervasively corrupt, defacto
bankrupt nation, viz., america. ] PENTAGON
BUDGET SLASH [ Riiiiight! … What’s $80 billion on a trillion dollar tab
especially with those off-budget special items whenever they so choose. ]: OBAMA TO CUT TROOPS ON ACTIVE DUTY FEDS
BREAK GROUND ON SUPER SPY CENTER (Riiiiight! More spending on those
ultra-efficient super-spies, ie., Iraq on a lie, illegal drug ops, 9-11 NORAD
ordered to stand down, etc., though u.s. defacto bankrupt)... New
Miami Police peeping drone may be first in country; ACLU approves... Man
Arrested for Having 'Suspicious' Bagel on Plane... Ex-CIA
officer charged with leak to NYT reporter... Packages Cause 'Flash Explosions' At 2 State Gov't Buildings in
MD... One
addressed to Gov... US
Treasury asks Congress to lift debt ceiling... Obama
calls Gibbs $174,000 salary 'relatively modest' ( Come on! In pervasively
corrupt, defacto bankrupt america, government jobs for the otherwise
unemployable at those levels are over-priced and over-valued, as are other
so-called executive jobs, ie., fraudulent wall street, etc.. Look at their
results! )... ] Boehner dismisses CBO forecast that rescinding law
would raise deficit by about $230 billion and leave 32 million more Americans
uninsured.
Apprehension ahead of Moqtada al-Sadr speech (Washington Post) [ What is he expected to say?:
Thank you america for bombing, invading, and destroying his nation based on a
lie? Thank you america for killing, maiming innocent children, women, and men?
Thank you america for all the depleted uranium you’ve left behind? Thank you
america for removing your america-supported mad-dog tyrant sadam hussein who
foolishly played into his cia handlers’ trap regarding that green light for
Kuwait invasion over the slant-drilling by the latter from April Glasspie. I
don’t think so, and I don’t think the rest of the world nor his fellow Iraqis
think so. ] Lawmakers across Iraq's
political and ethnic spectrums wait for word from anti-American Shiite cleric
Moqtada al-Sadr, saying his first address after returning from nearly four
years of self-imposed exile in Iran would likely say a lot about his approach
to Iraq's government.
Insurer
claims it was misled by Goldman Sachs on investment (Washington Post) [
Talk about understatements. After all, who hasn’t been misled by goldmen sachs
and fraudulent wall street generally, on investments. Don’t forget, the
worthless toxic paper commissioned and cashed out by wall street is still out
there in the trillions now marked to anything.
] One of Goldman's clients says it has sued the bank seeking $120
million in damages. Milbank:
Getting
creative with the Constitution (Washington Post) [ Constitution? Versions?
Meaningful laws? Why, this is almost analogous or akin to the late idi amin
reading the Ugandan constitution (1995) from his grave, certainly in terms of
folly! ]Constitutionalism
(WP) [ Come on! Constitution … meaningful american law … Don’t make me laugh!
Wake up from the deep american sleep! Going through the motions, flag pins,
etc., ad nauseum, like a bunch of zombies!
] Krauthammer: It's a promising
step to a conservative future. Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully lawless society as pervasively corrupt, defacto
bankrupt america, constitution / laws have become irrelevant in application and
effect. After all, even zimbabwe has a constitution / laws, but I dare say no
one would suggest they have any practical effect in reality, as is also so in
america. I therefore believe Mr. Klein is correct but for reasons other than
age and malleability. Indeed, anyone who has written a legal brief and
researched law in support thereof, ultimately realizes that almost invariably
one can find some case / law in support of almost any position. In america
today, it’s the bribe, one way or another, that carries the day and makes the
difference. Ask sam alito et als. That’s just the way it is in a declining,
fallen society as america, zimbawe, etc.. That’s certainly my direct, sworn
experience with these corrupt courts constituting (in large part along with the
other 3 branches) pervasively corrupt, defacto bankrupt america’s illegal
system. Senate convicts Clinton-appointed judge... Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steal. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] Breitbart | On word that the House will open its next session
with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests
that the Constitution is irrelevant due to its age and politically-malleable
language. ]Eight key economic decisions of the Obama presidency all point in
one direction. 1 in 6 Americans Live in Poverty Tradermark ‘One of the biggest mega trends
happening in America is the bifurcation of society between the haves and the
have nots. Many of the jobs the 'underclass' once did are gone forever, while
others spent freely when times were good, and when the tide turned, have little
buffer. [Dec 8, 2007: Do the Bottom 80% of Americans Stand a
Chance? Nov 5, 2010: USA Today - Anti-Poverty Programs Surpass
Cost of Medicare Sep 19, 2009: US Poverty Rises to 11 Year High - But
Still Vastly Understated May 25, 2010: 1 in 5.5 Dollars of American Income Now Via
Government; All time High Sep 7, 2009: Citigroup - America; A Modern Day Plutonomy AP
The number
of poor people in the U.S. is millions higher than previously known, with
1 in 6 Americans struggling in poverty due to rising medical care
and other costs, At the same time, government aid programs such as tax credits and food stamps kept
many people out of poverty, helping to ensure the poverty rate did not
balloon even higher Under a new revised census formula, overall poverty in 2009 stood at 15.7 percent,
or 47.8 million people Across all demographic groups, Americans 65 and older sustained the largest
increases in poverty under the revised formula -- nearly doubling to 16.1
percent The new measure will not replace the official
poverty rate but will be published alongside the traditional figure this
fall as a "supplement" for federal agencies and state
governments to determine anti-poverty policies. Economists have long criticized the official
poverty measure as inadequate because it only includes pretax cash income
and does not account for medical, transportation and work expenses much like inflation, as long as you
don't eat, use energy, pay for healthcare, or have kids in college - you
are fine. For poverty as long as you don't go to the doctor, need to drive
to work, need daycare, or wear clothes at work - your income is
sufficient) "Under the new measure, we can clearly see
the effects of our government policies," said Kathleen Short, a
Census Bureau research economist who calculated the revised poverty
numbers. "When you're accounting for in-kind benefits and tax
credits, you're bringing many people in extreme poverty off the very
bottom." The
official measure is based on a 1955 cost of an emergency food diet and
does not factor in other living costs. (that is perverse The effect was seen most notably among older
Americans. Under the official
poverty rate, about 8.9 percent lived in poverty, mostly because they
benefit from Social Security cash payments. But when taking into account
out-of-pocket medical expenses and other factors, that number rises to
16.1 percent. Among the findings:-Without the earned income tax
credit, the poverty rate under the revised formula would jump from 15.7
percent to 17.7 percent. --The absence of food stamps separately would
increase the poverty rate to 17.2 percent. those without insurance tend to forgo medical
care rather than find ways to pay for it.
[Feb 20, 2009: NYT - Newly Poor Swell Lines @ Food Banks
Nationwide
[Oct 22, 2010: Reuters - The Haves, the Have Nots, and the
Dreamless Dead
[Sep 3, 2010: FT.com - The Crisis in Middle America July 26, 2010: [Video] DatelineNBC - America's Increasing
Ranks of Poor
original article
As
euro zone expands, tension remains between weak, strong (Washington Post) [
Sounds like a scenario analogous to that in the USSAD, united soviet states of
american disunity. After all, how can you justify fraudulent (ie., wall street,
etc.) national sinkholes as mob corrupted new york, mob-infested, pervasively
corrupt jersey, etc..] German deficit
hawks gained an ally Saturday when Estonia became the 17th member of the euro
zone. U.N.
group warns of possible food crisis (Washington Post) [ Possible? How ‘bout
it’s already begun and hence, inevitable particularly since worldwide with few
exceptions in looking to the u.s. as analogous to the self-destructive
compulsion of an addict or drunk they’ve jumped on the american crazy train,
from perpetual wars, to profligate spending, to over-printing of fiat paper
currencies, to mark to anything burial and cover-up and no-pros of fraudulent
paper schemes of the fraudulent wall street ilk / variety, etc. ] The Food and Agricultural Organization
said Wednesday that the world faces a "food price shock" after the
agency's benchmark index of farm commodities prices shot up last month.
IRS
ombudsman: Heavy hand isn't working (Washington Post) [ Heavy hand, indeed;
but in reality, a weak one at that BECAUSE, you can’t pay what you don’t have …
then again, many people are wondering just what they’re paying for in these
admittedly hard times; viz., perpetual and protracted wars, bailouts for the
opulent frauds on wall street, profligate spending, rich plushly accoutered
federal jobs for slugs of different stripes and failed performance, etc..
] By making it harder for taxpayers to
get back on their feet, the IRS might actually reduce long-term tax
collections, an in-house report says. How
the recession imploded states' finances (Washington Post) [ This is truly no joke! Municipal
Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken down banks,
and even countries, threatens more than 100 American municipalities this year.
According to Meredith Whitney, who works as a US research analyst, local and
state debts are the biggest concerns to the US economy today. It is large
enough to derail economic recovery.
She said that,
There’s not a doubt
on my mind that you will see a spate of municipal bond defaults. You can see
fifty to a hundred sizable defaults – more. This will amount to hundreds of
billions of dollars’ worth of defaults.
American states and cities have a total debt load of
around $2 trillion.
New Jersey government Chris Christie summarized it
clearly,
We spent too much
on everything. We spent money we didn’t have. We borrowed money just crazily.
The credit card’s maxed out, and it’s over. We now have to get to the business
of climbing out of the hole. We’ve been digging it for a decade or more. We’ve
got to climb now, and a climb is harder.
Cities from Madrid to Detroit are struggling to pay
off even just basic services such as street cleaning. Ms. Whitney’s comments
are likely to put focus on municipal bonds. She is ranked as one of the most
influential women in American business. While working for Oppenheimer, a New
York investment bank, she predicted that Citibank will cut its dividends.
Although she suffered from a lot of criticisms then, her analysis proved to be
correct as the bank was forced to seek government bail-out. Ms. Whitney has
since started her own consulting firm.
Deficit Already Affecting Public Spending
American states have spent almost $500 billion more
than tax revenues. In addition, they face another $1 trillion hole in pension
funds. Already, Detroit is cutting road repairs, cleaning services, police, and
lighting expenditures which affects 20% of the population. The city has
suffered from nearly two decades of decline due to US auto outsourcing. It no
longer generates enough wealth to provide services to its 900,000 inhabitants.
Meanwhile, Illinois is suffering from similar ills after spending twice as much
as it generated in tax. It is already six months behind on creditor payments.
It owes $400 million to the University of Illinois alone and has 21% chances of
defaulting on its debts. According to CMA Datavision which is a derivatives
information company, this percentage is more than any other state. Other states
such as California and Arizona are also taking steps to solve their debt
problems. California has raised university tuition fees by 32% while Arizona
sold its Supreme Court and state capitol buildings before leasing them back.
Florida is another state that may be hit by a default; this state is the center
of a real estate boom that went best recently.
Philip Brown, the managing director of Citigroup in
London said that,
It’s all part of
the same parcel: public sector indebtedness needs to be cut, it needs a lot of
austerity and it hit the central government first, and now is hitting local
bodies.
Unlike banks and other financial institutions,
“cities are their own”. According to Andres Rodriguez-Pose, a professor of
economic geography at the London School of Economics, “cities will have to pay
for their debts, and in some cases they will have to carry out dramatic cuts,
such as Detroit’s.” If there is a city that best symbolizes distressed local
finances, it is Vallejo in California. Vallejo is a former US navy town located
near San Francisco. It has entered into Chapter Nine bankruptcy protection in
2008 and the effects are still resonating up to this day. The city is trying to
negotiate with the unions, which has refused to accept a plan to cut salary two
years ago. Vallejo has a population of around 120,000 but it carries $195
million in unfunded pension obligations. The town does not have enough local
industry to sustain its finances; property tax collection dropped dramatically
upon the collapse of the real estate market. Vallejo is given a C rating by
Standard & Poor, the lowest level. US cities are more susceptible to
defaults than their European counterparts because it relies mainly on municipal
bonds while European towns depend on government bailouts and bank loans.
Gold Expectations for 2011
Now, let’s take a look at long-term gold chart
(courtesy of StockCharts.com ) to see how
bullion fared this week:
[chart]
Video:
State pensions face 'death spiral' Wash.Post (It’s not just state and local
… it’s national, ie., social security, medicare, Medicaid, veterans, etc., and
as well, some companies. ) Sept. 15 (Bloomberg) -- U.S. state pensions such as
Illinois, Kansas and New Jersey are in a "death spiral," with assets
at many insufficient to cover benefits, payouts consuming a growing portion of
resources and costs rising twice as fast as investment gains. Bloomberg's
Monica Bertran reports. (Source: Bloomberg) (Bloomberg) ] The recession blew a huge hole in the
already shaky finances of state governments, causing them to lose nearly
one-third of their revenue in 2009, according to a Census Bureau report
released Wednesday. World Food Prices Rise: Get Ready for the Riots? [ Food
Riots Next? FAO Says Food Prices Surpass Record Highs Seen During 2007-2008
Bubble infowars.com /
prisonplanet.com The last time food prices hit ridiculous levels, the immediate
outcome was global food riots in places such as Haiti and Bangladesh. ] Tradermark ‘As the 'financialization' of
every commodity of earth continues at pace, and easy money pours out of almost
every major central bank, we have now reached the point where food prices have
surpassed the record levels of 2008. [Feb
12, 2008: Wheat is Being Ruined by ... what else... Hedge Funds and Speculators ]
[Apr
28, 2008: Wall Street Grain Hoarding Brings Farmers, Consumers Near Ruin ] [Apr
6, 2008: Agflation Hits Rice - Prices Up 50% in 2 Weeks ] What happened back
then? Just some minor issues such as rioting in many '2nd' and '3rd' world
countries. Looks like we need to prepare for another hot summer. And
domestically those food stamps are not going to go quite so far as they used
to. [Nov
10, 2009: Walmart Executive - "There are Families Not Eating at the End of
the Month "]
rich via asset inflation . (I will stop by some local food banks to let them
know they can make some mad money in the markets to offset the rising prices)
Just remember to blame it all on China - that was a great excuse back in 08,
even though we saw once leverage was taken out of the financial system prices
of commodities suddenly crashed. This repeating epidemic has no relationship at
all with financial speculation at all. Nope.Mar
27, 2008: WSJ - Farm Lobby Beats Back Assault on Subsidies ] The main saving
grace at this time is rice, which is massively important in the East. Too bad
there is not a rice ETF or else speculators with Ben's easy money supply
and demand dynamics could push it up much more quickly.
Bloomberg :
World food prices rose to a record in December on higher sugar, grain and oilseed costs, the United Nations
said, exceeding levels reached in
2008 that sparked deadly riots An index of 55 food commodities tracked by the
Food and Argiculture Organizartion gained for a sixth month to 214.7
points, above the previous all-time high of 213.5 in June 2008, the
Rome-based UN agency said in a monthly report. The gauges for sugar and
meat prices advanced to records. Sugar climbed for a third year in a row in 2010,
and corn jumped the most in four years in Chicago. Food prices may rise
more unless the world grain crop increases “significantly” in 2011, the
FAO said Nov. 17.
Last month’s year-on-year rise compares with the
43 percent jump in food costs in June 2008. Record fuel prices, weather-
related crop problems, increasing demand from the growing Indian and
Chinese middle classes, and the push to grow corn for ethanol fuel all
contributed to the crisis that year. “In 2008 we had rapid increases in petroleum
prices, fertilizer prices and other inputs, ” Abbassian said. “So far, those increases have been rather
constrained In response to the 2008 crisis, countries from
India and Egypt to Vietnam and Indonesia banned exports of rice, a staple
for half the world. Skyrocketing food prices sparked protests and riots in
almost three dozen poor nations including Haiti, Somalia , Burkina Faso and
Cameroon. Rough rice last traded at $13.90 per 100 pounds
in Chicago , compared
with $20.21 at the end of June 2008. The surge in the FAO food index is principally on the back of rising costs for
corn, sugar, vegetable oil and meat, which are less important than rice
and wheat for food-insecure countries
Israel
said it would keep Gaza near collapse: WikiLeaks Israel told US officials
in 2008 it would keep Gaza’s economy “on the brink of collapse” while avoiding
a humanitarian crisis, according to U.S. diplomatic cables published by a
Norwegian daily on Wednesday. Fed's
bond-buying strategy looks likely to run its course (Washington Post)
[ Neither rain, nor sleet, but only
depletion of trees for current and prospective fiat paper currency printing can
keep the no-recession-fed from their wall street obsessive market-frothing
rounds (which will end quite badly … as such always has … and always
will). ] Federal Reserve officials
appear unlikely to stop their controversial strategy of buying Treasury bonds.
Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally
refused to join or file a separate motion to recuse and not long
thereafter left said office for private practice at Cole, Shotz, et als on
retainer with the RICO defendants as his primary client. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same / cover-up
into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd
circuit, despite the absence of judicial experience or successful tenure
as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam
Alito that now sits on the purported highest court in the land. The real
application of the illegal rule ‘don’t ask, don’t tell’.
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
1.
A judgment
had been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
2.
Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which
false statement he predicated a retaliatory and spurious contempt proceeding
against me causing substantial damage, and for which he sought Judicial Notice
of those and related proceedings as did I in some of my filings.
3.
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With Prejudice on
Coan’s Failure to File Page 1 Page 2 ]
4.
Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable Robert
N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s
requested relief as to Coan but precluded my action against Shiff (although
there is no immunity, judicial or otherwise, for criminal acts, ie., fraud
connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
5.
Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the
RICO case despite the conflict of interest in light of hundreds of thousands of
dollars of illegal (drug) money being laundered through the Trump casinos by
the RICO defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally
refused to join or file a separate motion to recuse and not long thereafter
left said office for private practice at Cole, Shotz, et als on retainer with
the RICO defendants as his primary client.
6.
Probative
and evidentiary documents, affidavits, exhibits, including those turned over to
FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S.
Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s
Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went
over said documents and their probative value with him. Within approximately a
month thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I looked in on the
one mob case he had brought, bungled, lost (accidently on purpose?) since I was
suing some mob-connected under RICO and the court (I had known / previously met
outside of court the judge Ackerman through a client) was absolute bedlam and a
total joke since incompetent corrupt Alito brought in all 20 mob defendants
(rather than prosecute one or a few to flip them first) who feigning illness
had beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if not so
tragic.], Alito is also corrupt
(and maybe corrupt because he is inept). After a reasonable (but still rather
short) time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a federal
judge, and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct lifetime
appointment to the Court of Appeals, 3rd circuit, despite the
absence of judicial experience or successful tenure as U.S. Attorney (Maryanne
Trump Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance
greater non-performance / worsening by their ‘fix’ so cell phone best for
contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can reasonably
be presumed to have been tampered with, and hence, a violation of the federal
statute concerning same. ]
Protection
bureau to hire general's wife (Washington Post) [ Wow! Sounds like a plan! Talk about insiders
and concentrations of power. After all, would you argue with anything sweet
Holly Polly Petraeus proffered with the full weight of the military behind her.
Somehow, though I’m not goin’ to talk ‘bout smell tests here (you know, that
‘weight of the military thing’), there seems to be something amiss, not quite
right here, ‘cause what and why Hollywood do this or that …’ ] Holly Petraeus will lead Consumer Financial
Protection Bureau's Office for Service Member Affairs. Regional
unemployment edges down in November (Washington Post) [ No surprise there with the layer upon layer
of bureaucracy, including the alphabet soup kitchens, viz., cia, nsa, dod, doj,
etc., whose ranks can include loads of temps, gophers, waiters, ‘runners’, (you
know, make-shift / make-work jobs, etc., to froth numbers, despite the nation’s
defacto bankruptcy and reality beyond the bubble. Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘…
Unemployment is up again! That’s right – even though Wall Street is swimming in
cash and the Obama administration is declaring that “the recession is over”,
the U.S. unemployment rate has gone even higher. So are you enjoying the
jobless recovery? … There is a sea of red ink on every level of American
society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT. THINGS
ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE IS
COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
] The Washington region's unemployment
rate dipped only slightly in November from a year ago. New
Congress, old style (Washington
Post) [ Come on! It’s articles like
this, particularly lately by Mr. Milbank, that’ve been hurting my eyes and ears. One party /
administration more corrupt than another in pervasively corrupt, defacto
bankrupt america? You’d need a micrometer to discern the difference. Those dogs
don’t hunt no more. It’s not so long ago that one can’t remember (Reagan /
bush) Iran Contra (which was just another excuse for operatives / cia / etc.,
to enrich themselves via illegal drug trade / arms which they’d do anyway but
wrap themselves in the flag as so-called patriots for legal protection, ie.,
that so-called purported ‘technicality’ (bribe) that threw out knucklehead
accomplice ollie north’s felony, etc., dumbya bush’s war crimes, war on a lie,
wall street’s rampant and protected fraud, war profiteering, the clinton
scandalous, etc., years. All three branches of the u.s. government are
hopelessly and pervasively corrupt. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . But, let us also grudgingly admit that any
accusation of corruption in american government is at least on its face, true;
because, it really is true despite the concomitant reality of the ‘pot calling
the kettle black’ scenario. ]
Milbank: The new
GOP majority and its leader, Eric Cantor, are acting a lot like the Dems they
beat. Short-Term, High-Probability Mean-Reversion Indicator:
Overbought Readings Continue to Increase XLB here QQQQ
Short-Term High-Probability, Mean-Reversion Indicator – as of
close 1/03/10
Benchmark ETFs
* S&P 500 (SPY Dow Jones (DIA * Russell 2000 (IWM NASDAQ 100 (QQQQ
Sector
ETFs
* IBB * Consumer Discretionary (XLY Health Care (XLV Financial (XLF * Energy (XLE GDX * Industrial (XLI * Materials (XLB Real Estate (IYR Retail (RTH SMH USO XLU
International
ETFs
*
Brazil (EWZ China 25 (FXI * EAFE (EFA * South Korea (EWY
Commodity
ETFs
*
Gold (GLD
Ultra
Extremes
* Small Cap Bear 3x (TZA * Small-Cap Bull 3x (TNA UltraLong QQQQ (QLD * Ultra Long S&P 500 (SSO * Ultra Short S&P 500 (SDS TBT
Disclosure: I am short XLB
When
the Going Gets Tough, Governments Seize Private Pensions Depew ‘If you were
of an Austrian economics bent, and could read Polish, you'd find this article
from Mises.pl , about governments
seizing private pension funds to make up for revenue shortfalls, fascinating.
But perhaps you cannot read Polish? Very well. The Christian Science Monitor
has an English version of the article translated via The Adam Smith Institute Blog .
The most striking example is Hungary, where last month
the government made the citizens an offer they could not refuse. They could
either remit their individual retirement savings to the state, or lose the
right to the basic state pension (but still have an obligation to pay contributions
for it). In this extortionate way, the government wants to gain control over
$14bn of individual retirement savings.
I sure hope the U.S. government doesn't touch my private
pension. Wait, I want a private pension!’ [They already have!] Beware
of the Wall Street Pump Job The Housing Time Bomb [ The old new pump and
dump! ]’ Articles
like the one below really bother me after the rally we have seen in the
past two years:
Is the retail
investor returning to stocks?
My Take: really twice Is Now the time to sell stocks after a 90%
rally?"
Still, some
advisers are being very cautious.William Jordan of William Jordan Associates in
Laguna Hills, California, says he is telling clients not to increase their
stock exposures."As good as the past two years have been, you can't say
the stock market is undervalued. I'm not bailing out, but I'm advising people
to take some profits."Clients also are encouraged to stick with their
investment plans. Scott Smallman, a Seattle broker for Wedbush Securities, said
he has been checking to see if the stock market rebound has pushed some stock
exposures too high."When markets are good, our job is to talk clients down
from the ceiling," said Smallman, who on Monday encouraged some clients to
consider buying municipal bonds."
The Bottom Line If it was only attention that was lacking there’d
be at least a modicum of hope. The really sadly here is that most understand so
little of what’s going on and those that do (understand) are want to report it;
you know, mum’s the word, code omerta, no party-poopers allowed, etc.. ]
Dodd-Frank
and the Return of the Loan Shark Wall
Street Journal | In the name of consumer protection, Congress has
pushed more Americans outside the traditional banking system.
The Rise of the New
Global Elite The Atlantic | Two
separate economies are emerging from the economic crisis as the elite get
richer and the middle class join the ranks of poor.
National
/ World
The Global
Elite’s “ENDGAME” for Humanity Infowars | Canadian
author, blogger, and philosopher Stefan Molyneux of freedomainradio.com joins
the show to discuss several key issues. Big Pharma is preparing to exploit the
new swine flu scare, news on the economy, and more.
Keiser
Report: Monsanto and the Seeds of Evil RT | This time, Max Keiser and co-host, Stacy Herbert,
about the US State Department’s genetically modified retaliation against
France, more missing billions in Afghanistan and shopping frenzies in Britain.
Gladio
reprise: More False Flag Operations Wayne
Madsen | There are already signs that the paradigm shift from
Islamist terrorism to leftist anarchism is already occurring.
The
Madness Of A Lost Society 2: Final Warnings Youtube | We didn’t stand up for truth, we didn’t stand up
for the Constitution, we didn’t stand up for the rule of law. And now the day
of reckoning is upon us. Please, prepare. Obama
Picks Mobbed-Up Wall Street Insider For Powerful Administration Role Reports
that Barack Obama is considering naming William Daley, a JPMorgan Chase &
Co. executive and former U.S. Commerce secretary, to a powerful position within
the White House, serve as a reminder that while posing as a squeaky-clean man
of the people, Obama is the ultimate establishment lackey.
Falling
birds likely died from massive trauma The thousands of birds that fell from
the sky just before midnight New Year’s Eve in Arkansas likely died from
massive trauma, according to a preliminary report released Monday.
Is
The New Madrid Fault Earthquake Zone Coming To Life? What in the world is
happening in the middle of the United States right now? Thousands of birds are
falling dead from the skies, tens of thousands of fish are washing up on shore
dead, earthquakes are popping up in weird and unexpected places and people are
starting to get really freaked out about all of this.
500 Dead Birds
Found In Louisiana Town Around 500 dead blackbirds and starlings have been
found in Pointe Coupee Parish, according to state wildlife officials. Lindsay Lohan Moves Out Of Hollywood
& In To Venice, CA TV.com [ Public Enemy No. * - Right … No! This is ridiculous! In California of all
places (where crime rates, including violent serious crimes, as in america
generally are understated across the board and yet america can boast the
highest crime rates in world by far. After all, didn’t that pathetic former
male model / actor / pretender schwarzenegger cut by more than half the
sentence for murder / manslaughter to politically juice his own end of days
scenario. Schwarzenegger is living proof of the substantial brain damage
attendant to steroid use. The ‘tough on crime change meister’ … What a total
gutless wonder and fraud schwarzenegger turned out to be … and no small wonder
he’s pluggin’ for a position in the wobama administration. ) ] Due
to conflicting reports as to whether or not Lindsay Lohan is actually out of
rehab right now, we aren't entirely sure where in the world the troubled
starlet is at the moment. Palm
Desert PD Gunning for Lindsay From the Get-Go TMZ.com People:
Lindsay Lohan may go back to jail San Jose Mercury News What it took to get the defense spending bill
passed Drudgereport: NATIONAL DEBT TOPS $14 TRILL Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is
a complete disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Israeli
troops kill Palestinian man at checkpoint in West Bank
(Washington Post) [ Could you imagine if it was a jew who was killed.
Beyond the stereotype which is easily envisioned, you’d never hear the end of
it. But israel sees no need to adhere to laws governing the civilized throughout
the world, from illegal nukes, to u.n resolutions (ie., 343, 338, etc),
international law, etc., and hence, the strife we see in the region and
throughout the world. ] U.S.-built
infrastructure is deteriorating (Washington Post) [ At first glance, I
thought this article was miscategorized as a national story in the World
section. Indeed, there’s no denying the truth of the title as to america
generally, domestically. Yet, the tragedy is that the tainted, destructive,
self-defeating wars for america have been a boon for war profiteers, frauds of
all stripes, when this defacto bankrupt america is sorely in need of repair,
replacement of its own shoddy, aging infrastructure suffering from the domestic
equivalent of similar scams, kickbacks, shoddy workmanship and all. After all,
it got to the point that they didn’t even go through the motions / façade and
actually flew $12 billion in hundred dollar bills into Iraq which to this day
is unaccounted for / unprosecuted … like the wall street frauds, since the
worthless toxic paper cashed out by wall street is still out there in the
trillions now marked to anything. ] Roads, canals and schools built in Afghanistan
as part of a special U.S. military program are crumbling under Afghan
stewardship, despite new steps imposed over the past year to ensure
reconstruction money is not being wasted, according to government reports.
Bank
of America settles loan dispute with Fannie, Freddie (Washington Post) [
Guess they’re just looking for some year end bonus money (maybe not, depending
on the controls, if any, if enforced – they weren’t last year). After all,
though I believe the wall street frauds have been cashing out, albeit somewhat
surreptitiously by way of QEs 1,2, etc., and for ever more worthless
over-printed fiat dollars, that ‘toxic’ worthless paper is still out there in
the many trillions marked to anything. Indeed, Davidowitz adds that with record numbers of americans on food
stamps, real unemployment at 17+, wall street is giving out record bonuses from
their accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION
… Fannie Mae and Freddie
Mac have accepted $2.8 billion from Bank of America to largely put to rest
claims that the bank sold them faulty loans. Incoming
House GOP chairmen have a long list of issues to investigate (Washington
Post) [ Yeah … Sounds like a plan! … One that requires backtracking at least to
dumbya bush days and war based on a lie with wobama taking up where dumbya bush
left off; viz, that perpetual war thing though the nation’s defacto bankrupt.
Then there’s the still no pros for the largest and most massive securities
fraud in the history of the world with consequences still extant to the tune of
trillions in toxic / worthless paper now marked to anything they so choose as
per legislative mandate via FASB rule change (bush’s and surprising to some
wobama’s base) . A full plate, there is no doubt. But, butt, just posturing,
politicking, don’t look for anything of consequence though there’s plenty
there. Then there’s zionist peter king of the national sinkhole new york ( / new jersey- Bankrupt
Government Has Plans For Your Unused Gift Cards. [Mob infested, (and like america, generally)
pervasively corrupt, meaningfully lawless and defacto bankrupt toxic,
disgusting jersey is just doing what they’ve done for at least decades … no
surprise here. (see RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] Jason
Douglass ]
Profit
From the Rally's Inevitable End: My Correction Wish List Invest Chief ‘As we say goodbye to 2010, we look towards
the future and what 2011 will bring. As you may or may not know, bullish
optimism hit historical highs for the outlook of 2011. I mean you could find
the wildest outlooks, such as Dow 20,000, housing crisis solved, unemployment
6%, etc.There was certainly no shortage of ridiculous claims that will not come
true. The point is, the best way for success in the markets is to simply roll with
the punches. Whether the Dow goes to 6,000 or 60,000, you must roll with the
punches and profit from the changes. If you are too focused on a certain Dow
level or other catalyst, you may be waiting for a long time, missing out on
profits along the way.The first “punch” investors are going to get is a
correction. The Dow had a huge run in December and investors will be taking
profits as they had begun to do in the last few trading days in 2010. It is
advised that you take profits and wait for the correction. While the correction
is occurring, select a “wish list” of companies that you would like to snatch
up at cheaper prices. That way all you have to do is place orders. The homework
to value your stocks should be your reasoning to place them on your “wish
list”.I have my “wish list” ready to go. Here are a few of my stocks that I am
planning on buying during the correction:
Royal Shell Corp (RDS.B Harford Financial (HIG Diana Shipping Inc (DSX First Niagara Financial (FNFG
Shell is one of the best integrated oil
plays right now. It pays over 5% dividend, P/E of 13.3, financially stable,
good cash flow. It should also be noted that Shell recently inked a huge deal
with Qatar, which should help boost earnings no doubt.Hartford was devastated
by the 2008 crisis, dropping from its high of $66 the stock now stands at
26.50. Hartford is the most undervalued company its industry, in cash flow.
Also, it has a P/E of 11. Hartford has a good management team behind it and it
will surely blossom as the economy recovers.
Diana Shipping has been catching big
money’s attention lately. Diana is pretty undervalued with a P/E of 7.8. Diana
outpaces the rest of its industry in ROE, debt/equity, growth, and cash flow.
Diana is a great stock if you want exposure to bulk shipping. A well known
competitor of Diana Shipping is DryShips
(DRYS East West Bancorp (EWBC
The best way to profit in the stock
market is always being prepared for the inevitable. A correction is coming;
stocks are just too expensive right now after the huge rally we have had. It is
time to take some profits and wait patiently for a pullback and pick up some
great names at a cheaper price…’
Market
Crash on 1/31/11? Technical
indicators suggest market collapse may begin by January 31st
Is
This a Major Market Top? [ Truth be told, there was a time when I read Barron’s
with great regularity (no more). I never missed Alan Abelson’s incisively sharp
wit and the market laboratory, the latter being supplanted by readily
accessible numerical data on the web. I also don’t recall Alan Abelson ever
being wrong and I don’t think he’s wrong here, particularly when you consider
the costs, fraud, and insanity underlying this manipulated and inflated stock
market which bubble is at best a (contrived) bull cycle in a secular bear
market. ] Roche ‘With economic recovery still in doubt and sentiment readings
at their highest levels since the S&P 500 topped in 2007, some market
prognosticators find the latest surge in stocks to have been irrational. There
is now a near universal belief that stocks have but one direction to go and
that has some This
weekend’s Barron's showed the diametrically opposing views as two of their
leading columnists (Alan Abelson and Mike Santoli) discussed why they believe
this is a major market top (or not).
Abelson refers
to a certain veteran market technician (whom he doesn’t identify):
And he shares our
concern about the epidemic of optimism that has gripped the Street, manifest in
any number of wildly bullish forecasts for the market in 2011. It is the kind
of explosive optimism that is usually witnessed, he says more in wonder than
rue, at market tops, either temporary or something worse.
He doesn’t buy the
argument that the huge stash of cash supposedly sitting on the sidelines is a
guarantee of a steady source of fuel for the equity rally. Rather, he calls
that hefty pile of cash, which is being augmented by a fresh infusion from
fixed-income investors now that bonds are getting clocked, “scared money.” It
belongs, he elaborates, to folks who all this time have been leery of
committing their dough to stocks but, thanks to December’s quantum leap in
share prices, have grown increasingly fearful of missing the next leg up, and
are itching to put all that scratch to work.
That such
nervous-newbie equity buyers will stay the course and step up their buying
after the initial, inevitable correction is hardly a given. Our bet is that
they would jackrabbit out at the first hint of trouble.
The peerless
technician is also bothered by the leadership of the end-of-the-year rally.
More specifically, the shares of commodity-related companies are in the
vanguard of the advance at a time when China, the big global buyer of virtually
every commodity known to man, is striving to rein in inflation. It is no
accident, he suggests, that Chinese stock markets have been lagging, and he
feels they may prove a pretty good precursor for our own dear market.
In sum, he sees
stocks making at least a temporary top early in the new year. It’s hard to say,
he readily admits, just how bad or enduring a setback equities will suffer. But
obviously, he’s talking something more substantial than a flickering decline or
a tiny crack.
Santoli’s case against a major market top has been
more commonly discussed:
The reasons the
bulls are bullish are also pretty universally agreed upon. The industrial
economy has gathered some momentum, the emerging markets are surging, companies
are flush, profits look set to rise decently again, the Federal Reserve is
seeking new ways to penalize risk aversion, taxes won’t go up and the market
tends to do well in the year after a midterm election.
And we can add to
the list the likelihood that another financial-engineering cycle is just
getting into gear, so expect lots of equity-friendly refinancings by stretched
companies, re-leveraging by cash-rich ones and buyouts hither and yon.
The thing is, it’s
all pretty much true. And because of that, and given that stock valuations are
not excessive, it’s tough to think a likely pullback or worse would signal some
major top.
Indeed, the happy
feeling and the recent climb in margin borrowing and drop in short interest, by
one way of looking at them, simply show that what has been a bull market for
the better part of two years is finally being viewed as one. The last time we
had such a run of investor optimism, indeed, was late 2004, before a calm but
not terribly exuberant year.
The risk, then, is
more about the near term, about expectations of ease meeting some unforeseen
complication early this year, and that what’s likely to be a firm fundamental
and technical case for riskier financial assets in 2011 has, to a fair degree,
been priced in by the market lift of late 2010.
Interestingly, both appear to agree that the major
risk is in the near-term. Santoli, however, clearly believes any sell-off will
prove to be a buying opportunity. Abelson tends to still be in the bear market
camp. Major market top or a prelude to a continuation of the bull market? Only
time will tell.
Source: Barron's’
January Barometer - As January Goes,
so Goes the Year? Simon Maierhofer , On Monday
January 3, 2011, 6:40 pm EST Did you know that there are two seasonal
patterns with an accuracy ratio of 90% or higher? This is no joke. The numbers
don't lie, but there is one caveat.The January Barometer has a 90% rate of
success. The essence of the January Barometer is simple, as January goes, so
goes the year. If January is up, the entire year will be up and vice versa.
90% Accuracy - Too Good to be True?
From
1950 to 2008 this pattern has played out most of the time. There were only five
times when it outright failed and seven times when it wasn't exactly accurate.
According to the Stock Trader's Almanac, the Barometer has a 90% accuracy
ratio. In terms of odds, that's about as good as it gets.However, the January
Barometer led investors in the wrong direction in 2001 when the S&P was
down a full 13% at the end of the year after being up 3.5% in January. Again,
there was a major misfire in 2003 when the S&P finished with a 26.4% gain
after a 2.7% January loss.There was a minor misfire in 2005, but the Barometer
couldn't have been more wrong in 2009 and 2010. In 2009 the S&P was down
8.6% in January but ended the year with a 23.5% gain. After a 3.9%
January loss last year, the S&P (SNP: ^GSPC) finished with a 12.6% gain.It
seems like the January Barometer has lost its mojo. In fact, five hits and five
misses bring the last decade's success rate down to 50%, in line with random
odds.
A New January Pattern
Every
January is different, but over the past three years a new pattern has emerged.
Christmas euphoria is followed by a New Year hangover. Let's see what the
numbers say.On December 24, 2007 I was invited to share my 2008 outlook with
CNBC's Maria Bartiromo. At the time, the major indexes had just recovered some
of their initial October/November losses and the percentage of bullish advisors
polled by Investors Intelligence was 54.9%, very close to last week's 55.6%.My
advice then was to employ strategies that benefit from a topping market.
On December 24, 2007, the DJIA (DJI: ^DJI) closed at 13,549, the S&P (SNP:
^GSPC) at 1,496, the Nasdaq 100 (Nasdaq: ^IXIC) at 2,128, and the Russell 2000
(NYSEArca: IWM News VTI News
Looking Beyond January
Let's
say we get the expected January correction, then what?We would be in a pickle
because according to the long-term track record of the January Barometer,
stocks should continue weak throughout the year while according to the
Presidential Election Year Cycle stocks should be up.The third year of the
Presidential Election Year Cycle (such as 2011) is historically the strongest
of the four-year cycle. This may sound like a too good to be true statistic,
but there hasn't been a major loss in a pre-election year since 1931.In an
effort to get re-elected, each administration is working overtime the year
before elections to buoy whatever there is to buoy in order to create a setting
that's conducive to winning as many re-election votes as possible.
A Premature Pop?
Courtesy
of the 2008 financial meltdown, the administration and the Fed were forced to
open the money spigot earlier than during the average Presidential cycle. Does
that mean that the stock market has peaked pre-maturely? We don't know yet, but
based on current sentiment readings it's a possibility that shouldn't be
ignored.
Correction and Pop Protection
Since
the market's internals today are similar to what we saw leading up to the April
2010 high and the previous three January highs, it isn't a far stretch to
expect a similar outcome - a swift and largely surprising decline between 9 -
29%.The S&P hasn't reached our upside target level yet, so it's best to let
the current rally do its thing. Once reversal levels are reached, the
proverbial air pocket that's been supporting this creeping up trend is likely
to bust and result in a downward jolt.Momentum is a fickle force. Just as
momentum has carried stocks higher than expected, it may drive prices lower
than any of the ueber-bullish Wall Street analysts expect.
Eliminating Variables
The
big question is whether the Federal Reserve and Wall Street banks (NYSEArca: XLF News ETF Profit Strategy Newsletter
A Look at Base Metals: Dave's Daily ‘A FEW BULLS CHARGE OUT OF THE GATE It was an impressive ramp to
start 2011 wasn't it? Inside the numbers there was again little volume. Markets
are now much overbought and this low volume is worrisome as a cascade of heavy
volume will no doubt appear from the sell-side as long as this continues. There
was another round of POMO
(nearly $8 billion) Monday to start the year which helps trading desks
facilitate what the Fed wants -- higher stock prices. Of course the story
making the biggest splash was Goldman
Sachs wanting a piece of Facebook which would push the value of the company
to $50 billion. Also, BAC settled some outstanding issues with FNM to the tune
of $2 billion. Taken together this pushed the financial sector higher. Most
economic news Monday like ISM Data was generally as expected, but higher prices
in Europe spilled over early to New York. Most bulls believe a growing economy
is in the works which should lead to better earnings and stock prices. That's
the story, and bulls are sticking to it. The Interior
Department will allow some deepwater drilling to resume oddly coincided
with some selling in commodity markets, especially precious metals. But, the
dollar was also somewhat stronger which would usually cause a decline…’
TrimTabs:
“No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From
Bursting” It was the night before Christmas Eve, and CNBC trucked out
TrimTabs’ Charles Biderman to a de minimis audience, knowing full well that a
man with his understanding of money flows would very likely repeat his
statement from last year, that there is no real, valid explanation for the
inexorable move in stocks higher, as equity money flows in 2010 were decidedly
negative, and any explanation of the upward melt up would need to account for
Fed intervention (and no-volume HFT offer-lifting feedback loops but that is a
story for another day).
Observations
On The Latest Debt “Inflection Point”, And Why Bernanke Has At Most 5 Months In
Which To Announce QE3 Yesterday on Tom Keene’s always informative show, two
of the world’s most important economists, Goldman’s Jan Hatzius and BofA’s
Ethan Harris presented their respective defenses for why GDP in 2011 would rise
by nearly 4% as per their recent predictions.
Oil
Surges to Highest Year-End Price Since 2007 on Dollar Oil surged to its
highest year-end price since 2007 as the dollar weakened and gasoline and
heating oil futures climbed.
Is Gold –
Or Fiat Currency – In a Bubble? Gold is not in a bubble, silver is not in a
bubble, precious metals are in general terms not in a bubble.
China must Kill the Dollar
Economic Assassin | In the
hope of reducing their own inflation China must kill the dollar.
US
Debt Limit Fight Would Be ‘Catastrophic’: White House Reuters | A top aide to President Barack Obama warned of
catastrophic consequences if Republicans follow through on threats to reject an
increase in the nation’s borrowing limit.
Jobs
Are Trickling In, But Millions Have Given Up Looking For Work Reuters | U.S. private employers have recorded 11
consecutive months of job gains, yet the number of people who are so
discouraged that they have given up searching for work stands at an all-time
high.
Never
Forget The Fed Caused The Economic Downturn Chairman of the Federal
Reserve, Ben Bernanke, would have us believe that if it were not for QE1
unemployment would have been considerably higher.
2011: Doom is
Always 6 Months Away Since doom is always 6 months away, and I can write
doom porn with the best of them, here we go… National
/ World
Gerald
Celente: What’s in store for 2011 RT Terrorist
Watch List May Exceed US Population by 2019, World Population by 2023 A
report from the Washington Post (brought to us via Infowars.com) says that the
new official policy for the terrorist watch list is that a single ‘credible’
tip may deem you unworthy of (air) travel in the United States of America. Pentagon’s
propaganda in full view With the Afghanistan war going so poorly there has
been an outpouring of emotions, an LA artist decided to make a mural depicting
a dollar draped over a casket on a side of a building. Many believe this is
revolting but some like Founder of Brave New Films Robert Greenwald says this
indicates how brilliant the Pentagon has been at increasing censorship, so
anything that goes against their propaganda will be shot down or in this case
covered up.
Preparing for the
Financial Crisis The crisis in the US and world financial markets give us
reason to make preparations for the foreseeable problems ahead.
Mass
protest over Government cuts planned Unions are gearing up for a
demonstration in the spring against the Government’s massive cuts in public
spending, predicting it will be a “huge” national event.
Bankrupt
Government Has Plans For Your Unused Gift Cards. [Mob invested, (and like america, generally)
pervasively corrupt, meaningfully lawless and defacto bankrupt toxic,
disgusting jersey is just doing what they’ve done for at least decades … no
surprise here. (see RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] Jason Douglass ‘…Saving
up this years gift cards to make a large purchase? You better use them up fast
because state governments like New Jersey think they have a better use for that
money. In an attempt to save themselves from obvious mismanagement, state
authorities have begun steps to confiscate the balance left on your unused gift
cards. Arguably, gift cards are one of the biggest scams going. Most consumers
have been exposed to gift card’s eccentricities and know how impossible it is
to use all the money on the card. Then, once the transaction is complete, it is
twice as difficult to get the remainder of the balance left on the card in
cash. Now our public officials want to get in on the scam.Large amounts of
unused cash are locked away in these effective little marketing devices and New
Jersey thinks they have a right to seize that money from you. In fact, they’ve
already taken the steps to do just that…’ Big
Sis Photocopies Credit Cards, Confiscates Christmas Calendars Paul Joseph Watson
John Lott: More
Guns, Less Crime Infowars.com
TrimTabs:
“No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From
Bursting” Zero Hedge
Germany
Hides Spy Satellite Under ‘Global Warming’ Umbrella. Jason Douglass | Wikileaks exposes an intergovernmental pact to
disquise a spy satellite array as a tool to study ‘global warming’.
Happy
New Year: 19 killed in US drone attacks in Pakistan US drones carried out
four strikes in Pakistan’s restive tribal belt today, killing 19 militants and
injuring several more in the first such attacks of the new year, officials
said. Treasury
Department shifts its stake in Ally Financial (Washington Post) [ Oooooh!
Sounds like a plan (with only those tiny pikers fannie and freddy to follow) …
till the next debacle … which will be coming soon to a theater near you …
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy… ] Decision could make it easier for the
bailed-out lender to launch an IPO and repay its government debt.
Pakistan's
top general vexes U.S. plans (Washington Post) [ Geeh! How dare that PAKISTAN General not jump
on the war criminal american crazy train by putting the interests of his nation
ahead of u.s. contrived interests and preventing Pakistan from being turned
into a toxic wasteland, killing fields, etc., as in Iraq, Afghanistan,
etc.. ] Despite intense efforts,
officials fail to persuade Gen. Ashfaq Kayani to undertake the administration's
strategy of eliminating Taliban havens inside Pakistan.
Economic
forecasters see growth in 2011 (Washington Post) [ Kind of like that prescient economic forecast
of ‘no recession’ preceding this continuing financial / economic debacle of a
magnitude exceeding that of the great depression from our ‘economist in chief’
helicopter ben … riiiiight! … And you can take that the insolvent bank! Stock
markets weather a challenging 2010 (Washington Post) [ ‘Weather’, ‘forecasts’ … somehow those words
taken together do not engender confidence. Yet, like today, there’s no shortage
of that exuberance thing just as in 2007 preceding the last crash, or preceding
the dot.com crash, etc., and this time will be no different and probably
worse. Pay
Attention to New Year Market Indicators [ The problem with these anecdotal,
mechanized (and sophomoric) technical guidelines is that the frauds on wall
street are well aware of them and with the current computer technology can
easily program to meet them with the fraudulent hope they’ll become
self-fulfilling. I disagree with the ‘everything coming up roses, green shoots
and all’ scenarios being painted in typical self-interested fashion and hardly
objective. Even near perma-bull John Augustine (speaking with Motek) looks for
at a minimum, if things go well for the economy (not at all likely and no can
do with real numbers / data) a 3-5% pullback / correction near term. Keep in
mind all stock prices have been inflated by amounts exceeding the gains, viz.,
13-17% by the debased dollar which of course is reflected in huge price
increases for commodities across the board which will impact margins or
consumption or both going forward. ] Plessis ‘If Santa has not yet made his way
to your investment portfolio, don’t despair. According to Jeffrey Hirsch (Stock Trader’s
Almanac "
says that should the Dow Jones Industrial Index close below its December
low anytime during the first quarter, it is frequently an excellent warning
sign of lower levels ahead. The numbers to watch are those recorded on December
1: 1,206.07 for the S&P 500 Index and 11,255.78 for the Dow Industrial
Average.The American benchmark indices will have to crash today in order to
make 2010 a down year. Early indications therefore point to the January
Barometer (with January having been a down month) this year failing investors.
Looking ahead to 2011, time will tell whether the year-end/new-year indicators
play out according to the historical pattern. Meanwhile, we’ll have some fun
tracking how it pans out.’ ] Economic
forecasters see growth in 2011 Private
markets make up the core of Obamanomics (Washington Post) [ I doubt there
is a core at all … nothin’ there … spend more than you take in … just smoke and
mirrors … more bush*t … you know, froth the markets, fraud be damned but
welcomed / protected … and, as before, this will end quite badly! But regarding
the now ‘Klein Controversy’, the following: Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully lawless society as pervasively corrupt, defacto
bankrupt america, constitution / laws have become irrelevant in application and
effect. After all, even zimbabwe has a constitution / laws, but I dare say no
one would suggest they have any practical effect in reality, as is also so in
america. I therefore believe Mr. Klein is correct but for reasons other than
age and malleability. Indeed, anyone who has written a legal brief and
researched law in support thereof, ultimately realizes that almost invariably
one can find some case / law in support of almost any position. In america
today, it’s the bribe, one way or another, that carries the day and makes the
difference. Ask sam alito et als. That’s just the way it is in a declining,
fallen society as america, zimbawe, etc.. That’s certainly my direct, sworn
experience with these corrupt courts constituting (in large part along with the
other 3 branches) pervasively corrupt, defacto bankrupt america’s illegal
system. Senate convicts Clinton-appointed judge... Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steal. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] Breitbart | On word that the House will open its next session
with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests
that the Constitution is irrelevant due to its age and politically-malleable
language. ]Eight key economic decisions of the Obama presidency all point in
one direction. Pay
Attention to New Year Market Indicators [ The problem with these anecdotal,
mechanized (and sophomoric) technical guidelines is that the frauds on wall
street are well aware of them and with the current computer technology can
easily program to meet them with the fraudulent hope they’ll become
self-fulfilling. I disagree with the ‘everything coming up roses, green shoots
and all’ scenarios being painted in typical self-interested fashion and hardly
objective. Even near perma-bull John Augustine (speaking with Motek) looks for
at a minimum, if things go well for the economy (not at all likely and no can
do with real numbers / data) a 3-5% pullback / correction near term. Keep in
mind all stock prices have been inflated by amounts exceeding the gains, viz.,
13-17% by the debased dollar which of course is reflected in huge price
increases for commodities across the board which will impact margins or
consumption or both going forward. ] Plessis ‘If Santa has not yet made his way
to your investment portfolio, don’t despair. According to Jeffrey Hirsch (Stock Trader’s
Almanac " says
that should the Dow Jones Industrial Index close below its December low anytime
during the first quarter, it is frequently an excellent warning sign of lower
levels ahead. The numbers to watch are those recorded on December 1: 1,206.07
for the S&P 500 Index and 11,255.78 for the Dow Industrial Average.The
American benchmark indices will have to crash today in order to make 2010 a
down year. Early indications therefore point to the January Barometer (with
January having been a down month) this year failing investors. Looking ahead to
2011, time will tell whether the year-end/new-year indicators play out
according to the historical pattern. Meanwhile, we’ll have some fun tracking
how it pans out.’
Happy
New Year! Here Are The Final Numbers For 2010 White, On Friday December 31, 2010
‘Indices mixed
today, but not for the year. Stocks weren't the real winner, however, with
commodity prices booming.
First, today's
scoreboard:
DOW up 0.08% S&P 500 down flat NASDAQ down 0.38%
Now, the final scoreboard for 2010:
Equities :
2010 DOW up 10.94% 2010 S&P 500 up 12.72% 2010 NASDAQ up 16.9%
Check out the best and worst performing global equity indices
in 2010 >
Commodities :
Check out Societe
Generale's guide to commodities in 2011 >
Bonds :
Bank of America Merrill Lynch’s Global Broad Market
Index rose 4.7% this year .
2010 Year end 5-year treasury yield 2.00% 2010 Year end 10-year treasury yield 3.28% 2010 Year end 30-year treasury yield 4.33% …’
Entire
American middle class will fall under the poverty line in five years Press TV
Home
foreclosures jump in 3rd quarter: regulators Reuters Must
See: Howard Davidowitz Destroys The Recovery Illusion, Debunks The Consumer
Renaissance Today’s must see TV comes from the following interview of Pimm
Fox on the consumer and the economy with retail expert Howard Davidowitz, who
in 10 minutes provides more quality content and logical thought than we have
seen from CNBC guests in probably all of 2010.
Oil Could Push to
$110: Charts It’s “certainly possible” that the price of a barrel of oil
will push above $100 a barrel, Daryl Guppy, CEO of Guppytraders.com, told CNBC
Thursday. “Once you move above $100, then $110 is just clear freeway straight
to that level,” Guppy added.
Metals
from copper to silver hit record highs Copper has hit yet another record
high in a strong morning for metals trading, as commodities shook off China’s
efforts to halt inflation by raising interest rates on Christmas Day. Peter
Schiff: Here’s Why Home Prices Have To Decline At Least 20% And Probably More House
prices have to decline at least another 20.3% to come back to the historical
trend and may have much further to fall, according to Peter Schiff of Euro
Pacific Capital.
2010
worst year for bank failures since 1992 More banks failed in the United
States this year than in any year since 1992, during the savings-and-loan
crisis, according to the Federal Deposit Insurance Corp.
ROBERT
SHILLER: If House Prices Keep Falling This Fast, The Economy Is Screwed He
also says that if house prices keep falling this fast, the economy will face
“serious reasons to worry” (which, for Professor Shiller, is an apocalyptic
statement). National
/ World Washington
Uses Arms Sales To Achieve Ever Fleeting Purported Global Supremacy Rick Rozoff
What
Kind Of Mood Are The American People In As We Enter 2011? The American Dream
10 Modern Methods
of Mind Control Nicholas West Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully lawless society as pervasively corrupt, defacto
bankrupt america, constitution / laws have become irrelevant in application and
effect. After all, even zimbabwe has a constitution / laws, but I dare say no
one would suggest they have any practical effect in reality, as is also so in
america. I therefore believe Klein is correct but for reasons other than age
and malleability. Indeed, anyone who has written a legal brief and researched
law in support thereof, ultimately realizes that almost invariably one can find
some case / law in support of almost any position. In america today, it’s the
bribe, one way or another, that carries the day and makes the difference. Ask
sam alito et als. That’s just the way it is in a declining, fallen society as
america, zimbawe, etc.. ] Breitbart | On word that the House will open its next session
with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests
that the Constitution is irrelevant due to its age and politically-malleable
language. Euro
has 1-in-5 chance of lasting decade: UK think-tank Reuters Will
It Be A Happy New Year For the Global Resistance Against the New World Order? 2010
was a year of extremes – a clear intensification of the tyranny being metered
out in pursuit of a new world order, but also a tipping point in the
accelerating awakening of human consciousness to the reality of the agenda for
global serfdom.
NYC
Police Tightens Security for New Years Eve Hundreds of radiation detectors
will be dispersed throughout the area, along with devices that can detect
biological contaminants. Crowds will be shepherded into closely scrutinized
pens where backpacks and big bags are banned.
MSNBC
Analyst: Constitution Has “No Binding Power On Anything” [ In a meaningfully lawless society as
pervasively corrupt, defacto bankrupt america, constitution / laws have become
irrelevant in application and effect. After all, even zimbabwe has a
constitution / laws, but I dare say no one would suggest they have any
practical effect in reality, as is also so in america. I therefore believe
Klein is correct but for reasons other than age and malleability. Indeed,
anyone who has written a legal brief and researched law in support thereof,
ultimately realizes that almost invariably one can find some case / law in
support of almost any position. In america today, it’s the bribe, one way or
another, that carries the day and makes the difference. Ask sam alito et als.
That’s just the way it is in a declining, fallen society as america, zimbawe,
etc.. ]
Now that Republicans have a majority in Congress, they are pretending to
be constitutionalists. In order to demonstrate this, they will theatrically
read aloud the Constitution from the floor of the House next week.
TSA Wants To
Expand Groping Of Vaginas The TSA agent used her hands to feel under and
between my breasts. She then rammed her hand up into my crotch until it jammed
into my pubic bone … I was touched in the pubic region in between my labia.
As
Frustration Grows, Airports Consider Ditching TSA Some of the nation’s
biggest airports are responding to recent public outrage over security
screening by weighing whether they should hire private firms such as Covenant
to replace the Transportation Security Administration. China Makes Skype Illegal [ China, the current creation and envy of
destructive / self-destructive poppy bushies, clintonistas, wobamanoids, et als
americans, is so pathetic in their own special totalitarian communistically sad
way. ] THE Chinese regulator has declared Internet phone services other than
those provided by China Telecom and China Unicom as illegal, which is expected
to make services like Skype unavailable in the country. Drudgereport: Medicare Bound to Bust 'by
2017' as First Boomers Hit 65... POLL: Only 21% Want FCC to
Regulate Internet... Fear of
Political Agenda... Next
Year's Wars: 16 brewing conflicts to watch... VIDEO:
Oil Could Push to $110... Berlin sees most snow in
December since 1900s... White House Plans to Push
'Global Warming' Policy, GOP Vows Fight... FLASHBACK: Gore Reports Snow
and Ice Across World Vanishing Quickly... Top China blogger forced to
shut down magazine... Non-US banks gain from Fed
crisis fund; Half of emergency credit facility cash went to foreign
institutions... Backlash... THE MAN WHO TOOK ON BIG
SIS... Pilot angered TSA with video... ‘…News10 established a relationship with the Liu
family last July after their
rental
home in Sacramento's Oak Park was destroyed Oil rises near $92... Ex-SHELL president sees $5
gas in year... MATTHEWS: Why Doesn't Obama
Just Release The Birth Certificate? NYT: Bundle Up, It's Global
Warming... Obama Reading List: Book on
Reagan... wobama and did detest, hate
people like failed president like no other in history, wobama]Duma Disses Obama, delays START vote... Assange fears death in a US
jail... OPEC Members 'Target $100'... China, following pervasively
corrupt, meaningfully lawless, defacto bankrupt american example, bars
political dissident access to lawyers... Indefinite detention possible
for suspects at Guantanamo Bay... DARK SIDE OF SIS:
AGENTS RAID HOME OF PILOT CRITICAL OF TSA... Posted Video
Exposing Airport Security Flaws... PUNISHED... DEFICIT HITS RECORD... MINORITY REPORT: Spielberg
advising on rebranding Dems... TODAY: Obama pledges
'singular focus' on economy... ONE YEAR AGO: 'Obama to focus
hard on economy'... TWO YEARS AGO: Obama to put
'renewed focus' on economy... US press should fear being
targeted: Assange... BLOWOUT: Government
liabilities rose $2 trillion for year... PEOPLE: 308,745,538 DEBT: $13,868,461,000,000 STATE OF THE NATION: Census
shows slowing US growth... GOP-leaning states pick up
seats in Congress... NY, OH, IL, MA,
NJ and PA lose seats... FCC Gives Government Power to
Regulate Web... Agency splits along party
lines... DeMint vows to reverse
'Internet takeover'... AP: TOP 10 STORIES OF 2010... MOODY'S May Cut US Rating on Tax Package... New spending bill totals $1.1
TRILLION! Congress Job Approval Rating
Worst in GALLUP History... FLASHBACK: Obama Promised
5-Day, Public Review of Bills Before Signing; Signs Tax Bill Within Hours of
House Vote... 13 million get
unexpected tax bill from 'tax credit'? Pelosi skips vote on tax
bill, then shuns signing ceremony... House votes to extend gov't
funding -- through Tuesday... OBAMA FALLS TO 40% APPROVE IN
FOXNEWS POLL... The FCC's Threat to
Internet Freedom... Dems play politics with 'net
neutrality' vote... 'Sweeping new rules'... REGULATE... SHUT: Music Web Sites Dispute
Legality of Their Closing... UK ministers threaten: Censor
web, or we will legislate 'to protect children'... Plan to block all online
porn... Hugo Chavez defends plan for
web regulations... Venezuela tightens Internet
regulation...
THEY'RE
COMING FOR THE INTERNET! JULIUS
SEIZURE
$2 trillion debt crisis
threatens to bring down 100 US cities... States face $140 billion in
budget shortfalls... 32 states borrow billions
from feds to cover unemployment benefits... Friedman: America the
Stupid...
French AAA Grade at Risk as
Downgrades Sweep Europe...
Oil Heads Toward $100... Chavez defends plan for
Internet regulations... UK ministers threaten: Censor
web, or we will legislate 'to protect children'... The FCC's Threat to Internet
Freedom... Dems play politics with 'net
neutrality' vote... 'Sweeping new rules for the
Internet'... SKorea detains Chinese
fishermen... Security Council meets on
tensions... North Threatens More
Attacks... ... says war would go nuclear China warns of escalating
arms race...
'Don't ask' repeal
moves toward law... DREAM OVER: Senate
Blocks Bill for Illegal Immigrants... Budget Brawl Looms in
Congress...
Michelle wears $2,500
purchased dress to Christmas concert... Senate Plans Weekend Votes on
'Don't Ask, Don't Tell,' Amnesty Bill... Senator: Gay ban tied to
Russia treaty... UN
PLANS INTERNET REGULATION [ Those
who can’t do … work at the u.n., in the u.s.; after all, for the first time in
human history, the internet has for the most part enabled an unfettered look at
the truth and truthful reasons for the unequivocally sad state of the world.
That a supposed world body should support and potentially facilitate the
encroachment upon such global communication is reason enough to dismantle such
an already discredited body which arbitrarily seeks enforcement of some ‘resolutions’
as to some but not others ( ie., israel, u.n. resolutions 242, 338, etc.,
israeli and american war crimes, etc..) Raison d’tre … I don’t think so! Quite the contrary! ]Regulators close banks in GA,
FL, AR, MN... Regulators
shutter 3 small banks in Ga., 1 each in Fla., Ark., Minn.; 157 banks closed in
2010 ] Payrolls Drop in 28
States, Joblessness Rises in 21... Nevada rate to
14.3%... Rhode Island City
Nears Bankruptcy... Ireland Debt
Downgrade... IMF chief worried
about Europe domino effect... Senate clerks preparing to
read 1,924-page spending bill on floor -- for 50 hours!... Senator: 'There's No Way' To
Read Entire Bill Before Vote... KERRY: 'Why Would We Have To
Read Something?' McConnell offers 1-page
resolution in place of 1,924-page spending bill... SHOWDOWN: Gingrich Urges
Fillibuster... Biden To GOP Opposition: 'Get
Out Of The Way'... Reid: Earmarks are 'what
we're supposed to do'... Ban on Gitmo
transfers vanishes... Omnibus bill loaded with
goodies for abortion industry... PRIORITIES: House approves bill
to make hybrids louder... 23% Say USA Heading in Right
Direction, Lowest Since Obama Took Office... POLL: Just 29% think Obama
will be re-elected... Is America the sick man of
the globe? BUCHANAN: Is this our America
anymore? UK Red Cross Bans Christmas
to Avoid Offending Muslims... SALVATION ARMY bell ringer
caught stealing from kettle... Deputies suspended after
getting into brawl at party... 2 women charged with robbing
74-year-old... Hundreds of gifts for kids
stolen from 'Toys for Tots'... Thousands of dollars in
donated toys ruined after skunk attack... Grocery prices grow by 1.5
times inflation rate...
Socialist president plays
host to capitalism... REPORT: Obama told lawmakers
not passing tax deal could end presidency... A $48 billion earmark... PAPER: Year of bullying, bluff
and bailouts leaves euro fighting for its life... Reeling from riots, Italy
faces uncertainty... Greek anti-austerity strike
turns violent... VIDEO... MORE UNREST: 2011... $575 million PER PAGE... 6,488 earmarks... McConnell fumes: 'No one has
seen it'... Reid threatens to
keep Congress into next year... Intelligence Reports Offer
Dim Views of Afghan War... HOLBROOKE LAST WORDS: STOP
THIS WAR!
UPDATE: RUSSIA TO USE CHINA
CURRENCY IN TRADES... UK GRANTS ASSANGE BAIL;
SWEDEN APPEALS... Release delayed... Lawyer: Secret Grand Jury
Meeting Outside Washington on Leak... CHRISTMAS CRIMES : Drive-By Purse Snatcher
Terrorizing Women In NJ... 2 women charged with robbing
74-year-old... Hundreds of gifts for kids
stolen from 'Toys for Tots'... Thousands of dollars in
donated toys ruined after skunk attack... Copper thieves burn down
city's Christmas tree... Burglar steals family's gifts
-- and its dog! Grave robbers steal 400 urns
from cemetery... 'Grinch' Steals Packages Off
Doorsteps, Signs For Deliveries... Home Invaders Tie Up
12-Year-Old Boy, Take Video Games... 90-Year-Old Man Put In
Choke-Hold, Robbed Of $370... 'Tea Party' anger simmers
over backroom deal; Ramps up efforts... 2 Bank Failures Bring Year's
Tally To 151... COPS: Madoff's son
hangs himself with dog collar in SoHo apartment... ...gave mechanic
$400 tip day before suicide Madoff Trustee Launches $19.6
Billion Lawsuit; 60 accused of participating in 'illegal scheme'... Pump prices close in on
average $3 a gallon... FLASHBACK: $1.81 when Obama
took office... BLOW TO O: JUDGE RULES GOV'T
CAN'T MANDATE CITIZENS BUY HEALTH CARE... Cantor: Direct Appeal to
Supremes... POLL: Support For Obamacare
Hits New Low... Pelosi: 'Are You Serious?' Obama: 'I'm itching
for a fight'... U N C O N S T I T U T I O N A
L Barbara Walters: 'This Guy
(wobama) Has an Emotional Problem' [ Yes, it’s true, babawawa … wobama has
substantial mental problems which along with inherent criminality are pervasive
in america which also includes boner, and where were you in discussing such,
babawawa regarding psychopaths bush, clinton, etc., or even former beau, senile
greenspun ]... DEFICIT HITS RECORD... Putin Slams West
for Assange Arrest... US cable: Cuba to be
insolvent within 2-3 years... Assange Lawyers Prepare for
U.S. Spying Indictment... Teen Arrested in Hack
Attacks... Donations to WIKILEAKS are
Tax Deductible -- in Germany... Anonymous cyberwarriors stun
experts... Media
outlets may be probed over WikiLeaks stories, joe ‘zelig zionist incompetent
and corrupt‘ lieberman in Campaign To Trample The First Amendment claims Can the US government prosecute media outlets
that reported on the WikiLeaks cables? According to joe ‘zelig zionist
incompetent and corrupt‘ lieberman in
his Campaign To Trample The First Amendment, the answer is maybe.Home Values May Drop by $1.7
Trillion This Year... UNEMPLOYMENT WEEK: DOWN TO 421,000; REVISED UP LAST WEEK
438,000... POLL: Most Americans Say
They’re Worse Off Under Obama... F O Related: Olbermann:
Obama Is ‘God Damned Wrong’
] REVENGE OF THE WIKIS! Army of hackers targets the
Swedish government... Take down MASTERCARD site... ...VISA PAYPAL... AMAZON braces for hactivist
attack... Palin under cyber attack... Assange's 'poison pill' file
impossible to stop... MOSCOW: Give Assange Nobel
Peace Prize... SENATE REJECTS
REPEAL OF DON'T ASK DON'T TELL... House Dems push through massive budget bill... Final House Race Decided; GOP
Net Gain: 63 Seats... Ron Paul, Author of 'End the
Fed,' to Lead Fed Oversight Panel... Student protesters in London
turn violent over tuition hikes... Thousands try to break
through police barricades at Houses of Parliament... ...attack car
containing Prince Charles, Camilla... Rolls Royce hit with paint;
rear window smashed... US Treasuries hit by biggest
sell-off since LEHMAN... Prices Plunge for 2nd Day on Deficit Fears... Rattles investors... Oil tipped to bubble over $100 barrel... Food Stamp Rolls Continue to Rise... SHOCK POLL: Americans Believe China Has
Surpassed USA in Economic Strength... 'U.S. fiscal health worse than Europe's'... Sorkin: Palin TV show is 'snuff movie'... [ Yeah … ‘she’s really all that’ and worse …
I have great difficulty getting past the fact that she’s so incredibly dumb …
not just ‘nonintellectual’ … butt really dumb! ] ‘… Sorkin, writer of the recent Facebook movie The
Social Network, also accused the Fox News Senate convicts Clinton-appointed judge... Abolish the
corrupt, costly, economically wasteful lifetime extravagantly appointed federal
courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steel. ] In earlier hearings, two attorneys who once worked
with Porteous had testified that they gave him thousands of dollars in cash,
including about $2,000 stuffed in an envelope in 1999, just before Porteous
decided a major civil case in their client's favor. Assange could face espionage trial in USA... Palin under cyber attack... 1st Amendment issues... Assange's 'poison pill' file impossible to
stop... WIKILEAKS: Stop Us? You'll Have to Shut Down
Web... Berkeley 'resolution' honoring leaker... Scientologists outraged over spoof Christmas
play... [ Hubbard was such a
total fraud! Scientologists are delusional! ]St. Petersburg, Florida – ‘A controversial holiday
musical production is set to open at American Stage Theatre in St. Petersburg. Photos: Pictures of
A Very Merry Unauthorized Children's Scientology Pageant NO BAIL... Assange 'sabotaged condom'
during one night stand... Refused to wear
one during another... Stockholm
police: Both women are victims... INTERPOL WARRANT
FOR NOT WEARING PROTECTION? ASSANGE UNDER ARREST: 'HE DIDN'T WEAR A CONDOM' Under arrest, will Assange
dump the Doomsday Files? Assange: Don't shoot
messenger for revealing uncomfortable truths... FLASHBACK: HILLARY COMPLAINS
GOVERNMENTS BLOCK FREE FLOW OF INFO ON INTERNET... WIKILEAKS: LIVE UPDATES... FCC push to regulate news
draws fire... Lieberman: NYT may have
committed crime by printing WIKILEAKS docs... US to Host World Press
Freedom Day in 2011 … [ What a total travesty! The u.s. as host … What a cruel
joke! ] ... OBAMA RACES TO CUT TAXES
BEFORE REPUBLICANS: 6.2% Social Security tax would drop to 4.2% for workers for
one year... MORE THE NEW OBAMA! SURPRISE TAX CUT MOVE [ As with
defacto bankrupt america generally, more defacto bankrupt social security
system, etc., are distinctions without
significant differences. ]OIL HITS $89... Pump prices hit 2-year
high... Schwarzenegger
Declares Fiscal Emergency, Proposes $9.9 Billion In Cuts... Top Democrats defect, join
unified GOP... WIKILEAKS' Assange Will
Release Encrypted Files If Arrested... Cables Reveal How US
Manipulated Climate Accord... Cable: China Leaders Ordered
Hacking on GOOGLE... Meddling by Neighbors Adds to
Iraq's Woes... Government Workers Ordered
Not to Read Cables... Gingrich: Leaks Show Admin
'Shallow,' 'Amateurish'... McConnell: Assange a
'High-Tech Terrorist'... List of facilities
'vital to US security' leaked... Mirror Sites Appear by the
Hundreds... Assange Speaks... Hillary Jokes... US forced to shake up
embassies around world... THE DOOMSDAY FILES PAPER: Wave goodbye to
Internet freedom... +39,000
JOBS IN NOVEMBER... BOEHNER: Dem Leaders Should Stop Wasting Time
on Tax Hike Votes... HALPERIN: Dems 'In Midst of Nervous Breakdown'... Obama Makes Surprise Trip to Afghanistan... Flies 7,000 miles -- talks to Karzai for 15
minutes on phone! Forgets the Coast Guard... Leaves Biden behind to handle 'disappointing'
jobs report... Reid, funded by casinos, pushes online
gambling... ABCNEWS accused of breaking embargo... 2010
death toll of US troops nears that of 2001-2008 combined ... OBAMA SPEECHWRITER JOKES ABOUT TSA GROPING:
Allows 'defrocked priests to give back to society'... US
Deficit-Cutting Plan Falls Short of Needed Votes... UNEMPLOYMENT
UP TO 9.8% HILLARY: Secretary of State will be 'my last
public position'... ... PITCHE$ $IGNED DVD ON HOME $HOPPING NETWORK.. US TO
BAILOUT EU [ Riiiiight! Sounds like a plan! After all, in defacto bankrupt
america money does grow on trees … derivatively (pun intended) that is … you
know … that ever more worthless fiat paper currency … and ultimately,
existentially, philosophically, doesn’t paper come from trees … sure it does
…so, no problemo since money grows on trees.
] BOMBSHELL: European banks took big
slice of Fed aid... Hundreds of billions of dollars... Fed reveals global extent of its
backing... Funds
went to stalwarts of American industry including GE and Caterpillar and
household-name companies such as Verizon, new data show. GEORGIA: HUNDREDS LINE UP IN COLD FOR HEAT
HELP... Assistance Funds Quickly Depleted... 'Almost like being in soup line during great
depression'... VIDEO... DELAYING TAX VOTE COULD 'CRASH
STOCK MARKET' STARTING 12/15 ]Chase Bank orders branch to remove Christmas
tree... Cyber attack forces WIKILEAKS to change web
address... Respected media outlets collaborate with
organization... [ Said
outlets and other disseminators and of course Wikileaks deserve accolades for
the advancement of first amendment liberties in the name of an informed global
body politick for all.]UPDATE: Latest developments... Foreign contractors hired Afghan 'dancing
boys'... Embassy cables portray Karzai as corrupt,
erratic... CIA drew up UN spying wishlist... Assange speaks... UPDATE: Latest WIKILEAKS developments... Foreign contractors hired Afghan 'dancing
boys'... Embassy cables portray Karzai as corrupt,
erratic... CIA drew up UN spying wishlist... SANTA CLAUSE: FED AID WENT TO COMPANIES,
BANKS, OFFSHORE... SECRETLY BAILED OUT GE -- GE NEWS OUTLETS
FAILED TO REVEAL IN FED COVERAGE... SANTA
CLAUSE: FORD, BMW, TOYOTA Took Secret Government Money...... Fed Created Conflicts in Improvising
Financial System Rescue... Tax Breaks for Bailout Recipients Spark
Debate... MORE SECRETS: Fed Withholds Data for $885
Billion in Loans... RUSSIA TO HOST '18 WORLD CUP FINALS... Qatar selected '22 host over USA, others... 'AMERICAN PSYCHO' musical in
works... and American Psycho 2, for insight! ] National Board of Review: SOCIAL NETWORK
named best film... [ National board of what? ‘Inception’ is by
far and away the ‘Best Film’ across the board, in all categories, and on the
list! ]
LIST... BANK OF AMERICA Becoming 'Bank of
Asia' as Revenue Increases 30% ...
RESET: PUTIN CRITICIZES USA OVER WIKILEAKS …
[ Putin deserves the greatest deference in matters of global concern in light
of his greater rationality; america’s self-serving accusations are merely envy
and projection / displacement (in psychoanalytic terms) of america’s
pervasively corrupt, criminal, broken system which is a far cry in reality from
defacto bankrupt america’s propaganda.]... REWARD: [ The payoff. Bribe complete! Next
bribe scenario … ] CITI to Hire Obama's Ex-Budget Chief Orszag... FLASHBACK: Rubin and friends ride NY-DC
shuttle... ZUCKERMAN: Watching America's Decline and
Fall [ the
moral authority of the West has dramatically declined in the face of the
financial crisis. It has revealed deep fault lines within Western economies
that have spread to the global economy . The majority of
Western governments are running fiscal deficits of 10 percent or
more relative to GDP, but it is increasingly clear that there will be no quick
fixes, that big government and fiscal deficits will not bring us back to the
status quo ante. Indeed, the tidal wave of red ink has meant that the
leverage-led or debt-led growth model is dead. Developed countries will be
forced to deal with their debt on every level, from the personal to the
corporate to the sovereign. Being able to borrow may have made people feel
richer, but having to repay the debt is certainly making them feel poorer,
particularly since the unfunded liabilities that many governments face from
aging populations will have to be paid for by a shrinking band of workers. ( Ecoutez,
mes amis! )
Demography is destiny. As a result, there is a burgeoning consensus that we are
witnessing an inevitable rise of the East and a decline of the West…( Harry Dent, Jr.
Economy
will be in a Depression by 2011 )
]... Interpol issues wanted notice for
Julian Assange [ They just can’t take the truth! ] ... US cuts access to files [ Think about it.
Really think about it. Their policies are in the tank, along with the nation
and the rest of this world as a consequence. Don’t those so detrimentally
affected (everyone) have a right to know? I think in light of the global
frauds, contrived perpetual wars though defacto bankruptcy of this and other
nations, pervasive corruption and crime, failed policies domestically and
geo-politically while serving the very parochial interests of the
self-interested few, the answer is an unequivocal, YES! I believe that world
history will write Mr. Assange as a hero in the truest sense. He should be
given a medal; and, certainly, since mr. b*** s*** wobama undeservingly got a
‘nobel peace prize’ (what he does, not what he says, ie., Afghanistan, etc.),
who more than Julian Assange is deserving of that and more? Cover-up / propaganda
… thy name is fallen america.]... WIKILECTURE:
'HILLARY SHOULD RESIGN' ‘…Hillary Clinton, Julian Assange said, "should resign."
Speaking over Skype from an undisclosed location on Tuesday, the WikiLeaks
founder was replying to a question by TIME managing editor Richard Stengel over
the diplomatic-cable dump that Assange's organization loosed on the world this
past weekend. Stengel had said the U.S. Secretary of State was looking like
"the fall guy" in the ensuing controversy, and had asked whether her
firing or resignation was an outcome that Assange wanted. "I don't think
it would make much of a difference either way," Assange said. "But
she should resign if it can be shown that she was responsible for ordering U.S.
diplomatic figures to engage in espionage in the United Nations, in violation
of the international covenants to which the U.S. has signed up. Yes, she should
resign over that."…’ CITY ON EDGE: Cash-Strapped Newark, new
jersey Forced To Lay Off 14% Of Police Force... From decades old
(1978-1985) direct personal experience with newark, n.j., the police are the
absolute last cuts that can be afforded to be made. Indeed, while walking
through Military Park (a sliver of a “park” - more a pedestrian
thoroughfare/cement walks) in newark, new jersey on the way to the bank during
lunch hour, I heard the clearly audible screams/cries of what turned out to be
an old lady on the ground with blood streaming from her mouth. I ran toward the
sound of the cries, the source of which I could not see because there were so
many people in and about this thoroughfare so as to block any vision of the
source of the cries. When I came to the woman, on the ground, blood streaming
from her mouth, I asked what happened, to which she responded she had been hit
in the mouth and knocked to the ground, her purse stolen/put inside her shopping
bag, and she pointed out the criminal casually now walking across the main
street. Nobody stopped to help her, many having passed her by. I slammed the
thug to the ground so hard that, in light of all the blood and confusion
(limbic system / adrenalin flow) I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped / a crowd gathered
/ an undercover cop happened along). When I testified at the Grand Jury
Proceeding I made sure his threat on my life was set forth in prima facie
fashion so as to maximize the DA’s position with both felonies ( he went to
prison – pled out ). The other case I wrote about here ( This was included on
my website in the Psychology forum discussion of ‘bystander effect’ / diffusion
of responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the
perp. The girl was not that seriously injured, did get her pocketbook and
tuition back, and the criminal went to jail. The other thing about such a
pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so). (Other newark / new jersey and new york, n.y.
metro, viz., ie., connecticut, and of course, d.c., d.c. metro, viz., ie.,
virginia experience … corrupt federal judges as maryanne trump barry, sam
alito, shiff, matz (california), hall, underhill, dorsey, etc.. Defacto
bankrupt america’s so-called system is pervasively corrupt and broken (AP) Abolish the corrupt, costly, economically
wasteful lifetime extravagantly appointed federal courts - see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]Nation's '2nd Most Dangerous City' (camden,
new jersey) To Lay Off Nearly Half Of Police Force... Chicagoland: Vandals torch Christmas charity
van...
Businessman
gets harsh prison term (Washington Post) [ Come on! Quality of justice
concerns by pervasively corrupt / defacto bankrupt america (I’ve seen this
first hand and have sworn under penalty of perjury to the readily discernible
corruption in the ‘so-called judicial process’ / american illegal system; and
Orwellian britain / european illegal systems little better as toadies to the
criminal americans)? Don’t make me laugh? The u.s. illegal system is a cruel
joke! What parallel universe / fantasy land are they living in? ] A Moscow judge's decision to impose the
harshest possible penalty on Russian oil tycoon Mikhail Khodorkovsky signaled
that Prime Minister Vladimir Putin intends to keep a firm grip on power and is
unwilling to bend to American and European concerns about the quality of
Russian justice.
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3
copies of the within DVD rom autorun disk (which will open in your computer’s
browser) as per your office’s request as made this day (the disk and contents
have been scanned by Avast, McAfee, and Norton which I’ve installed on my
computer to prevent viral attacks / infection and are without threat). I also
include 1 copy of the DVD as filed with the subject court as referenced therein
(which files are also included on the aforesaid 3 disks in a separate folder
named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act
is a criminal statute which provides a civil remedy, including treble damages
and attorney fees, as an incentive for private prosecution of said claims
probably owing to the fact that the USDOJ seems somewhat overwhelmed and in
need of such assistance given the seriousness and prevalence of said violations
of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the
Qui Tam provisions of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar)
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I
received from the Congresswoman by way of email attachment (apparent but
typical problem with my mail) along with my response thereto is included on the
3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction
to the statement in said correspondence, there is a plethora of information
including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth
in the case, inter alia,
A judgment had been entered in my favor
in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ
Alvin Thompson), worth approximately now in excess of $300,000 remains
unaccounted for and which could be used for payment to creditors, Los
Angeles, etc.. Counsel Robert Sullivan on my behalf
documented by way of certification upon investigation that Alan Shiff,
USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me
causing substantial damage, and for which he sought Judicial Notice of
those and related proceedings as did I in some of my filings. The Order of Dismissal With Prejudice
by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything
whatsoever by the court’s deadline causing creditors and me substantial
damages: [ Shiff Order of Dismissal With Prejudice
on Coan’s Failure to File Page 1 Page 2 ] Defendant Coan had filed an action
against me to prevent me from suing him which necessitated me to fly to
Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief
Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected
with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ] Newly appointed judge, Maryanne Trump
Barry, Donald Trump’s sister, was assigned the RICO case despite the
conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard
herself and denied, and U.S. Trustee Hugh Leonard with whom I met
personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client. Probative and evidentiary documents,
affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes
in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan
Lacey with whom I met personally at the U.S. Attorney’s Office in Newark,
N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with
the office, that the file/documents could not be located, and that there
was no further information available concerning contacting him or his
location. I thereupon delivered by hand, copies of said documents to the
office of then U.S. Attorney Alito, addressed to him, with assurance they
would go directly to him. In addition to being
inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO
and the court (I had known / previously met outside of court the judge
Ackerman through a client) was absolute bedlam and a total joke since
incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had
beds/cots in the courtroom along with their moans during testimony and had
the jury in stitches. As much as I hate the mob, it truly was funny, if
not so tragic.], Alito is
also corrupt (and maybe corrupt because he is inept). After a reasonable
(but still rather short) time I called to determine the status and was
told that Alito was no longer with the Office of the U.S. Attorney, that
he was (appointed) a federal judge, and that neither the documents nor any
file or record of same could be located. Alito did parley the same /
cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest
court in the land. The real application of the illegal rule ‘don’t ask,
don’t tell’.
There is applicable insurance / surety coverage and neither LA, nor
creditors, nor I should continue to have been damaged by this brazened corrupt
and illegal scenario, which should be resolved in accordance with the
meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with
the line, computer connection may be the reason but I hesitate to chance greater
non-performance / worsening by their ‘fix’ so cell phone best for contact).
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. ]
-----
Former
president convicted of rape (Washington Post) [ Between the orgies, war crimes,
assassinations, etc., what a bunch of sick perverts, criminals the israeli
operatives / powers that be and their friends are; see, ie., Victor Ostrovsky Mossad
September: Victor Ostrovsky, a former Mossad
trainee book ... Israel's Mossad
… 1 http://khup.com/keyword/victor-ostrovsky-mossad-by-way-of-deception.html 2 http://khup.com/keyword/page-2/victor-ostrovsky-mossad-by-way-of-deception.html 3 http://khup.com/keyword/page-3/victor-ostrovsky-mossad-by-way-of-deception.html ]
An Israeli court finds former president Moshe Katsav guilty of rape,
indecent assault and sexual harassment of female subordinates, the most serious
conviction of a former top official in Israel's history
A
villain in foreclosure crisis (Washington Post) [ Villain … as in singular … as opposed to
plural in a very big way … I don’t think so … We can hear new words ringing and
put to that once popular theme, formerly of love but now of fraud, ‘Where do we
begin, to tell the story of how great and massive frauds can be, that great
fraud story that spreads from sea to sea, in defacto bankrupt america and the
futures taken from we … Yes, ‘Fraud Story’ … the forever american story… It’s
really that bad and worse than could be imagined at this immutably intractable
juncture. I mean, what isn’t fraudulent
in pervasively corrupt, defacto bankrupt america today, from courts, to
government, to policy, etc., ie., inter alia see infra, Senate convicts Clinton-appointed judge... Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steel. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. ] A registry with 67M
mortgages on file shoulders much of blame in the uproar over the paperwork
mess. Economic
forecasters see growth in 2011 (Washington Post) [ Growth indeed … in the deficits that is … and
in insurmountable fashion at that … which masks / obfuscates in the short-term
the weakness and structural shift in the worst economic terms imaginable while
benefiting the self-interested few (ie., frauds on wall street, war profiteers,
the ‘already campaigning for the next election’ pols, etc.. The trade-off is
far from commensurate.
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The
financial collapse that so many of us have been anticipating is seemingly
closer then ever. Over the past several weeks, there have been a host of
ominous signs for the U.S. economy.The Economic Collapse
The financial
collapse that so many of us have been anticipating is seemingly closer then
ever. Over the past several weeks, there have been a host of ominous
signs for the U.S. economy. Yields on U.S. Treasuries have moved up
rapidly and Moody’s is publicly warning that it may have to cut the rating on
U.S. government debt soon. Mortgage rates are also moving up
aggressively. The euro and the U.S. dollar both look incredibly
shaky. Jobs continue to be shipped out of the United States at a
blistering pace as our politicians stand by and do nothing. Confidence in
U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial
system. So does this mean that we have almost reached a tipping
point? Is the world on the verge of a major financial collapse?
Let’s hope
not, but with each passing week the financial news just seems to get eve
worse. Not only is U.S. government debt spinning wildly toward a breaking
point, but many U.S. states (such as California) are in such horrific financial
condition that they are beginning to resemble banana republics.
But it is not
just the United States that is in trouble. Nightmarish debt problems in
Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European
nations threaten to crash the euro at any time. In fact, many economists
are now openly debating which will collapse first – the euro or the U.S.
dollar.
Sadly, this is
the inevitable result of constructing a global financial system on debt.
All debt bubbles eventually collapse. Currently we are living in the
biggest debt bubble in the history of the world, and when this one bursts it is
going to be a disaster of truly historic proportions.
So will we
reach a tipping point soon? Well, the following are 25 signs that the
financial collapse is rapidly getting closer….
#1 The official U.S. unemployment rate has not been
beneath 9 percent since
April 2009 .
#2 According to the U.S. Census Bureau, there are
currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being projected that the U.S. trade deficit
with China could hit 270 billion dollars
for the entire year of 2010.
#4 Back in 2000, 7.2 percent of blue collar workers
were either unemployed or underemployed. Today that figure is up
to 19.5 percent .
#5 The Chinese government has accumulated approximately
$2.65 trillion in
total foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year 2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United
States but today there are only about 65 million middle class jobs.
#7 The United States now employs about the same number
of people in manufacturing as
it did back in 1940 . Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to CoreLogic, U.S. housing prices have now
declined for
three months in a row .
#9 The average rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to
push higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent of all residential mortgages in the
United States were in negative equity as of the end of the third quarter
of 2010.
#11 The U.S. monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury yields have been rising steadily
during the 4th quarter of 2010 and
recently hit a six-month high .
#13 Incoming governor Jerry Brown is scrambling to find
$29 billion more to cut from the California state budget. The
following quote from Brown about the desperate condition of California
state finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been
living in fantasy land. It is much worse than I thought. I’m shocked.”
#14
24.3
percent of the residents of El Centro, California are currently unemployed.
#15
The average home in Merced, California has declined in value by
63 percent over the past four years.
#16
Detroit Mayor Dave Bing has come up with a new way to save money. He
wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17
The second most dangerous city in the United States – Camden, New Jersey – is
about to lay off about
half its police in a desperate attempt to save money.
#18
In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19
Back in 1998, the United States had 25 percent of the world’s high-tech export
market and China had just 10 percent. Ten years later, the United States had
less than 15 percent and China’s share had soared to 20 percent .
#20
The U.S. government budget deficit increased to a whopping $150.4 billion last
month, which represented the biggest November budget deficit on record .
#21
The U.S. government is somehow going to have to roll over existing debt and
finance new debt that
is equivalent to 27.8 percent of GDP in 2011.
#22
The United States had been the leading consumer of energy on the globe for
about 100 years, but this past summer China took over the number one spot .
#23
According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the
profession over the next three years.
#24
As 2007 began, there were just over 1 million Americans that had been
unemployed for half a year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25
All over the United States, local governments have begun instituting “police response
fees”. For example, New York Mayor Michael Bloomberg has come up with a
plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is a complete
disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT
THERE! ‘
]
As 2011 begins, the U.S. is poised for its strongest year of economic growth
since the recession began three years ago. Plenty of risks that could undermine
the recovery remain, and it could take years of solid growth to get the nation
out of its deep economic hole. Krauthammer:
How
to impose a liberal agenda (Washington Post) [ I am not being sarcastic
here when I say, and I believe with good reason, that liberal / conservative,
republican / democrat labels, agendas, distinctions are complete fictions today
in favor of the reality of total incompetence, pervasive corruption, and
self-interested expedience. Indeed, with dumbya bush bush being the easiest of
presidential acts to follow, wobama’s abject failure can be tied to his
label-defying continuation of
contraindicated self-sustaining / self-defeating war policies,
profligate spending on less revenue, etc.. Even the Reagan days are besmirched
by the reality of the substantial growth, not shrinkage of the government
bureaucracy. The 2 bush incompetents / war criminals were blazing bureaucrats
by any standard which was what made poppy bush a ‘required’ presence on the
Reagan ticket (cia, government mob, etc.). The clintons no different, and of
course, ‘wobama the b’ for b*** s*** at best no different and probably worse
which of course, consistent with their spend more on less revenues,
particularly to favor the few (ie., frauds on wall street, war profiteers,
government employees and contractors, etc., is reflected in the insurmountable
budget deficits and ultimately failed policies across the board. ] Come on! Do you really believe those employment numbers? Given their
desperation, at best there was a collusive one day spike of one-day duration
temp hires on the last day of the month! 5
More Themes for 2011 Suttmeir ‘5 themes for 2011 (6 more are on their way):
Home prices will resume a decline that began in
mid-2006. We had the home buyer
tax credits expire in mid-2010, and government sponsored mortgage
modifications provided limited help. In 2011 we face continued foreclosure
issues including questionable documentation, and banks have a record high
Other Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of
the third quarter, up 338.2% since the end of 2007. Depressed home sales
are being sold at a 30% to 35% discount, which reduces property appraisals
at the county level. Home builders will have to compete with these lower
prices and we need a mortgage modification program for all Americans, not
just those at risk of losing their homes. QE2 is not working and US
Treasury yields are higher causing mortgage rates to rise. “The
Great Credit Crunch” began with housing, and that foundation needs repair
before Main Street can recover with sustainable job creation.
Community banks still have $1.43 trillion in
commercial real estate loans that require resolution. The FDIC’s List of Problem Banks rose to 860 in
the third quarter of 2010, which is 11.1% of all insured institutions. My
analysis shows 2,485 or 32% of all banks overexposed to commercial real
estate loans, and 3,938 or 50.7% of all banks with real estate loan
pipelines that are 80% to 100% funded. This stress needs to be addressed
before jobs can be created on Main Street USA as housing and construction
drive local economies. “The Great Credit Crunch” will not end
without a program to remove toxic real estate loans from the books of
community banks around the country.
The banking system is supposed to de-lever risk,
but it has not. When I look at
the Notional Amount of Derivative Contracts I cringe at the fact that
since the end of 2007 this risk category has grown $71.6 trillion since
the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the end
of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking.
Fannie Mae and Freddie Mac will continue to drain taxpayer money as the
Treasury provides unlimited lines of credit through 2012. The cost
currently is about $150 billion, by far the largest of any government
bailouts. We need to unwind the activities of these GSEs, and beef
up Ginnie Mae as the go to government agency that backs new mortgage
issuance.
Because of the housing market depression and
stress in the banking system the unemployment rate will stay above 9% for
all of 2011.
Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought
technically on both daily and weekly charts. The snow storm causes stocks
to drift lower and higher.
The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine with only 37.9% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 17.4% of all stocks are
undervalued by 20% or more.
Here are my remaining themes for 2011 – Six through
Eleven (a continuation
of 1-5 )
6.
QE2, the $600 billion program where the Federal Reserve buys long dated US Treasury
Securities has been a failure so far. The
yield on the 10-Year was 2.334 when Fed Chief Bernanke touted QE2 in October
only to see the yield nearly 125 basis points higher in December. The primary
intent of QE2 was to lower longer-dated US Treasury yields. Yields held this
week’s value level at 3.494 again on Wednesday. There is risk to 3.75 to
4.25 in 2011, but with or without this weakness, the 10-Year yield will decline
to 2.75 to 2.50 during 2011.
7.
Comex Gold has gone parabolic, and therefore you cannot predict how high gold
prices can climb. I do know that
corrections will be fierce and painful for those that buy strength instead of
weakness. The 2011 neutral zone is between $1350 and $1450.
8.
Nymex Crude Oil is headed back above $100 per barrel according to most experts.
I cannot rule that out for 2011, but
the downside is more significant given weekly closes below the $87 per barrel
area. If gasoline stays above $3.00 per gallon demand on Main Street will slow
down and will be a drag on economic growth and job creation.
9.
Problems among the PIIGS nations denominated in euros will trump problems at
the state level in the USA. This
will keep the euro versus the dollar in a trading range. We will begin
2011 with a quarterly pivot around 1.3150.
10.
US stocks show strong technical characteristics. The S&P 500 is above the 61.8% Fibonacci
Retracement of the decline from October 2007 to the low of March 2009 at
1228.74. Dow Theory had a Buy Signal in early November and another confirmation
in December. The Dow Industrial Average – I project downside to 9,375 in
the first half with a rebound to 11,500 in the second half. Strength above
11,500 will return to 11,500, and the 2011 close will be at or below 11,500.
11.ValuEngine.com
indicates that equity fundamental are not cheap. Fifteen of sixteen sectors will begin 2011 overvalued
according to ValuEngine. The normal range for the percent undervalued or
overvalued stocks is 35% to 65%. We will begin 2011 close to the low end of the
range for undervalued stocks and towards the high end for overvalued stocks. Because
of the battle between the technicals and fundamentals, stocks will be
reversal-oriented in 2011 and be little changed year over year.
Tracking
the US Capital Markets – US stocks
are overvalued fundamentally and overbought technically on both daily and
weekly charts.
The major equity averages remain below this
week’s risky levels as the year draws to a close at: 11,629 Dow, 1269.4
SPX, 2682 NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine with only 37.7% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 17.5% of all stocks are
undervalued by 20% or more.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate
any positions within the next 72 hours.’
Struggling to the Finish Line: Dave's Daily ‘Most economic
news today (Jobless Claims, Chicago PMI and Home Sales) was, ahem, "better
than expected"; still, that didn't spark any determined buying. Maybe
without any POMO Thursday trading desks were running on empty. 2010 was an
interesting year with lots of erratic behavior but a Fed "stick save"
in the end. Flash Crashes, elections, tax issues, spending, unemployment, POMO
and home prices were all center stage. Now you're probably expecting some sort
of forecast from your humble pundit, but alas, all I can offer are three basic
tenets to follow:
"The
best laid schemes of mice and men go often askew."
-- Robert
Burns
Or, if you
prefer: "The best laid plans of mice and men often go awry"
-- John
Steinbeck
"If
you must forecast, forecast often."
--Economist
Edgar Fiedler (ETF Digest Sacred Cow IX)
"Things
change"
-- ETF Digest
Sacred Cow X
You were
expecting Dow 20,000?!?
Volume
Thursday did improve a tad and breadth was flat… ‘
Home
foreclosures jump in 3rd quarter: regulators Reuters | U.S. home foreclosures jumped in the third quarter
and banks’ efforts to keep borrowers in their homes dropped as the housing
market continues to struggle.
Baby
Boomers Start To Turn 65: 16 Statistics About The Coming Retirement Crisis That
Will Drop Your Jaw The American
Dream
#1 Beginning January 1st, 2011 every single day more
than 10,000 Baby Boomers will reach the age of 65. That is going to keep
happening every single day for the next 19 years.
#2 According to one recent survey, 36 percent of
Americans say that they don’t
contribute anything at all to retirement savings.
#3 Most Baby Boomers do not have a traditional pension
plan because they have been going out of style over the past 30 years.
Just consider the following quote from Time
Magazine : The traditional pension plan
is disappearing. In 1980, some 39 percent of private-sector workers had a
pension that guaranteed a steady payout during retirement. Today that number
stands closer to 15 percent, according to the Employee Benefit Research
Institute in Washington, D.C.
#4 Over 30 percent of U.S. investors currently in their
sixties have more than 80
percent of their 401k invested in equities. So what happens if the
stock market crashes again?
#5 35%
of Americans already over the age of 65 rely almost entirely on
Social Security payments alone.
#6 According to another recent survey, 24%
of U.S. workers admit that they
have postponed their planned retirement age at least
once during the past year.
#7 Approximately
3 out of 4 Americans start claiming Social Security benefits the moment
they are eligible at age 62. Most are doing this out of necessity.
However, by claiming Social Security early they get locked in at a much lower
amount than if they would have waited.
#8 Pension consultant Girard Miller recently told
California’s Little Hoover Commission that state and local government bodies in
the state of California have $325
billion in combined unfunded pension liabilities. When you break that
down, it comes to $22,000 for every single working adult in California.
#9 According to a recent report from Stanford
University, California’s three biggest pension funds are as much as $500
billion short of meeting future retiree benefit obligations.
#10
It has been reported that the $33.7 billion Illinois Teachers
Retirement System is
61% underfunded and is on the verge of complete collapse.
Robert Novy-Marx of the
University of Chicago and Joshua D. Rauh of Northwestern’s Kellogg School of
Management recently calculated the combined pension liability for all 50
U.S. states. What they found was that the 50 states are collectively
facing $5.17 trillion in pension obligations, but they only
have $1.94 trillion set aside in state pension funds. That is a
difference of 3.2
trillion dollars . So where in the world is all of that extra money
going to come from? Most of the states are already completely broke and on
the verge of bankruptcy.
#12
According to the Congressional Budget Office, the Social Security system will pay
out more in benefits than it receives in payroll taxes in 2010. That
was not supposed to happen until at least 2016. Sadly, in the years
ahead these “Social Security deficits” are scheduled to become absolutely
horrific as hordes of Baby Boomers start to retire.
#13
In 1950, each retiree’s Social Security benefit was paid for by 16
U.S. workers. In 2010, each retiree’s Social Security benefit
is paid for by approximately 3.3 U.S. workers. By 2025, it is
projected that
there will be approximately two U.S. workers for each retiree. How in
the world can the system possibly continue to function properly with numbers
like that?
#14
According to a
recent U.S. government report , soaring interest costs on
the U.S. national debt plus rapidly escalating spending on
entitlement programs such as Social Security and Medicare will absorb
approximately 92 cents of every single dollar of federal revenue by the
year 2019. That is before a single dollar is spent on anything
else.
#15
After analyzing Congressional Budget Office data, Boston University economics
professor Laurence J. Kotlikoff concluded that the U.S. government is facing a “fiscal
gap” of $202 trillion dollars. A big chunk of that is made up of
future obligations to Social Security and Medicare recipients.
#16
According to a recent AARP survey of Baby Boomers, 40
percent of them plan to work “until they drop”.
Companies all over America have been dropping their
pension plans in anticipation of the time when the Baby Boomers would
retire. 401k programs were supposed to be part of the answer, but if the
stock market crashes again, it is absolutely going to devastate the Baby
Boomers.
State and local governments are scrambling to find
ways to pay out all the benefits that they have been promising. Many
state and local governments will be forced into some very hard choices by the
hordes of Baby Boomers that will now be retiring.
Of course whenever a big financial crisis comes along
these days everyone looks to the federal government to fix the problem.
But the truth is that after fixing crisis after crisis the federal government
is flat broke …’
Housing
Is My #1 Theme as Home Prices Resume Their Decline Suttmeier ‘On Tuesday I published the first five of
my eleven themes for 2011.
Number
One - Home Prices will resume a decline that began in mid-2006.
We had the home buyer tax credits expire in
mid-2010, and government sponsored mortgage modifications provided limited
help. In 2011 we face continued foreclosure issues
including questionable documentation, and banks have a record high Other
Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of the
third quarter, up 338.2% since the end of 2007. Depressed home sales are being sold at a 30% to
35% discount, which reduces property appraisals at the county level. Home builders will have to compete with these
lower prices and we need a mortgage modification program for all
Americans, not just those at risk of losing their homes. QE2 is not working and US Treasury yields are
higher, causing mortgage rates to rise. “The Great Credit Crunch” began with housing,
and that foundation needs repair before Main Street can recover with
sustainable job creation.
On
Tuesday we learned that home prices are on the decline again according to
Case-Shiller, and that the Conference Board’s Consumer Confidence fell to 52.5
in December. The National
Association of Home Builders Housing Market Index remains depressed at 16, when
a reading of 50 is neutral. The Consumer Confidence reading at 52.5 is
depressed considering that 90 to 120 is the neutral zone.
The 20-City Composite from the Case-Shiller Home
Price Index fell 1.3% sequentially in October and 0.8% year over year with
Atlanta, Charlotte, Miami, Portland, Seattle and Tampa hitting new lows
since home prices began to fall in mid-2006. Home sales are down 25% year over year and the
supply of unsold homes is up 50%, and housing starts are near thirty year
lows. From the mid-2006 peak to current home prices
are down 29.6%. The 20-City Composite is still 50% above its
starting point at the end of 1999.
Click to enlarge [chart]
Tracking
the US Capital Markets – US stocks
are overvalued fundamentally and overbought technically on both daily and
weekly charts.
The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine, with only 36.2% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 16.9% of all stocks are
undervalued by 20% or more.
Click to enlarge [chart]
The
Yield on the 10-Year Note (3.466) – This
week’s value level is 3.494 has held on weakness with today’s risky level at
3.264.
Comex
Gold ($1405.7) – Today’s value level
is $1387.4 with this week’s pivot at $1401.2 and monthly risky level at
$1443.5.
Nymex
Crude Oil ($91.23) – Today’s pivot
is $91.38 with this week’s risky level at $93.28.
The
Euro (1.3116) – Today’s value level
is 1.3060 with my quarterly pivot at 1.3318, which goes away at the end of the
year.
The
Dow Industrial Average (11,576) – Remains
extremely overbought on both daily and weekly charts. The five-day modified
moving average is 11,523 with daily and weekly risky levels at 11,618 and
11,629.
Disclosure: I have no
positions in any stocks mentioned, and no plans to initiate any positions
within the next 72 hours.’
Housing
Is My #1 Theme as Home Prices Resume Their Decline Suttmeier ‘On Tuesday I published the first five of
my eleven themes for 2011.
Number
One - Home Prices will resume a decline that began in mid-2006.
We had the home buyer tax credits expire in
mid-2010, and government sponsored mortgage modifications provided limited
help. In 2011 we face continued foreclosure issues
including questionable documentation, and banks have a record high Other
Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of the
third quarter, up 338.2% since the end of 2007. Depressed home sales are being sold at a 30% to
35% discount, which reduces property appraisals at the county level. Home builders will have to compete with these
lower prices and we need a mortgage modification program for all
Americans, not just those at risk of losing their homes. QE2 is not working and US Treasury yields are
higher, causing mortgage rates to rise. “The Great Credit Crunch” began with housing,
and that foundation needs repair before Main Street can recover with
sustainable job creation.
On
Tuesday we learned that home prices are on the decline again according to
Case-Shiller, and that the Conference Board’s Consumer Confidence fell to 52.5
in December. The National
Association of Home Builders Housing Market Index remains depressed at 16, when
a reading of 50 is neutral. The Consumer Confidence reading at 52.5 is
depressed considering that 90 to 120 is the neutral zone.
The 20-City Composite from the Case-Shiller Home
Price Index fell 1.3% sequentially in October and 0.8% year over year with
Atlanta, Charlotte, Miami, Portland, Seattle and Tampa hitting new lows
since home prices began to fall in mid-2006. Home sales are down 25% year over year and the
supply of unsold homes is up 50%, and housing starts are near thirty year
lows. From the mid-2006 peak to current home prices
are down 29.6%. The 20-City Composite is still 50% above its
starting point at the end of 1999.
Click to enlarge [chart]
Tracking
the US Capital Markets – US stocks
are overvalued fundamentally and overbought technically on both daily and weekly
charts.
The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine, with only 36.2% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 16.9% of all stocks are
undervalued by 20% or more.
Click to enlarge [chart]
The
Yield on the 10-Year Note (3.466) – This
week’s value level is 3.494 has held on weakness with today’s risky level at
3.264.
Comex
Gold ($1405.7) – Today’s value level
is $1387.4 with this week’s pivot at $1401.2 and monthly risky level at
$1443.5.
Nymex
Crude Oil ($91.23) – Today’s pivot
is $91.38 with this week’s risky level at $93.28.
The
Euro (1.3116) – Today’s value level
is 1.3060 with my quarterly pivot at 1.3318, which goes away at the end of the
year.
The
Dow Industrial Average (11,576) – Remains
extremely overbought on both daily and weekly charts. The five-day modified
moving average is 11,523 with daily and weekly risky levels at 11,618 and
11,629.
Disclosure: I have no
positions in any stocks mentioned, and no plans to initiate any positions
within the next 72 hours.’
The 10 Most Important Tax Tips Of 2010 Posted
by Investopedia
IN
PICTURES: Top 10
Solutions For A Big Tax Bill
Defer Income Until 2011 Contribute To A Retirement Plan traditional
IRA to a Roth
IRA or not, make sure you contribute the maximum amount you can before
the year’s over. It’s one of the easiest ways to save money on your taxes.Use Your Flexible Spending Account flexible
spending account (also known as a health
savings account or medical/health care spending account), use up
what’s left in your account for 2010. And if you haven’t opened one yet,
check into what your company offers. Be sure to specify the amount of your
2011 wages that you want to have placed in your flexible spending account.
(Learn more in Benefits
Of A Dependent Care Flexible Spending Account .)Invest In Your Business write-off
on your 2010 taxes.Save Energy tax
credit of up to $1,500. Though installing a new metal or asphalt roof
may be out of the question between now and January 1, you can purchase
energy-efficient windows, doors and appliances. And if you’re just itching
for another home improvement project to tackle over the holidays, install
a solar water heater or solar panels for another credit of up to 30% of
the cost.
IN PICTURES: 6
Tax Credits That Anyone Can Claim
Itemize, Itemize, Itemize itemized
deductions ; don’t forget home office purchases, supplies, fees for
memberships in professional organizations, technological costs (web
hosting, website design, internet costs). Be sure all your itemized
costs are for the business and you have the receipts.Donate IRS
specifies that checks mailed out must be postmarked by the last day of the
year. You can also make donations through major credit cards, as long as
the charges are authorized by the end of the year. (Generosity may be its
own reward, but some charitable giving also provides personal tax
benefits. Learn more in Deducting Your Donations Contribute To A College Savings Plan gift
tax .Pay Your Next Health Insurance Premium net
earnings of your business). That can be a rather hefty deduction,
since it includes costs for your spouse and dependents as well. You can
pay ahead – cover your first premium of the new year in 2010, and you can
claim it on your 2010 taxes. (Find out where you can take a tax deduction
on the contributions you make; see Traditional
IRA Deductibility Limits For 2010 Pay Into A Specialized Account
The Bottom Line
For the latest financial news, see Water
Cooler Finance: FBI Insider-Trading
Hollywood and the war
machine [ I disagree. Yes, there’s
plenty of propaganda to go around in Hollywood, as everywhere else; but, on
balance, I believe more modern film particularly tends to paint war in the more
realistically negative light. This is especially so inasmuch as there hasn’t
been what anyone could call a so-called ‘good war’ to justify america’s war
criminal behavior for quite some time. Of course, there’s no denying the jewish
elements so stereotypical of Hollywood which does lend credence to the
criticism; but such ‘pro-zionist revelatory filmmaking’ as that regurgitated
by, ie., spielberg, etc., has become so predictably boring and devoid of
reality that such films now pale in comparison and popularity to the anti-war
films including offhand, ie., ‘Platoon’, ‘Apocalypse Now’, and more recently,
‘Hurt Locker’. It is true that in the past the military strong-armed even the
likes of Frank Capra to their propaganda campaigns; and, it is also true that
today’s attacks on first amendment protected speech are unprecedented in scope
as a consequence of the perceived threat of truth (of america’s pervasive
corruption, war crimes, fraud, etc.) leaking out all over … the internet
(mainstream media is concededly totally controlled – I don’t include, ie., The
Washington Post in the category of controlled media, but other papers, tv,
etc., certainly should be). Yet, I think the criticism better directed at the
source; viz., the criminal and corrupt elements of the american government et
als, which is almost all. ( I admit to being somewhat biased and ‘I previously wrote on my site, ‘I
happen to like and respect film as a rich medium which presents large amounts
of audio, visual, and thematic information which can be processed in relatively
small amounts of time, etc..’) . ]
Al Jazeera | War is hell, but for Hollywood it has been a Godsend,
providing the perfect dramatic setting against which courageous heroes win the
hearts and minds of the movie going public . Russia rebuffs Western criticism of oil
tycoon's trial etc..
Pervasively corrupt america’s illegal system is a travesty and their propaganda
dogs don’t hunt no more! Army
edits its history of deadly battle of Wanat (Washington
Post) [ Come on! Does anyone really think they ever get a true story from the
u.s. gov’t et als about anything at all?
] Draft put majority of blame on top commanders, but final version's
focuses on lower-level leaders sparks anger among families of those killed.
A subtler tack to fight Afghan corruption? (Washington Post) [ How
about a not so subtler tack to fight corruption starting right here in the u.s.
of a. where corruption and crime are pervasive and in fact, at the root of the
Afghanistan problems, from american reinvigorated heroin trade to bribery
attendant thereto to killing civilians, etc..
Defacto
Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of
nations … in crime:
Though having but 5% of the world’s population, america can
boast 76% of the world’s serial killers, followed by Europe with England/UK
then Germany leading the way for the eu [excerpt, 6 minute video, Serial
Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally,
see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive
(defensive a misnomer / propaganda) military spending than all the nations of
the world combined, and by a large margin at that. Do you see a pattern
emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]:
CRIME STATISTICS >
TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No.
1). … ]
Wall
Street Is Laundering Drug Money And Getting Away With It Zach Carter, … etc. … CLASSIFIED
NO MORE: USA RACES TO LIMIT WIKILEAKS DAMAGE
[Publishing the Wikileaks is the right thing to do; after all, one
cannot possibly look to even one rationally correct strategy, domestically,
globally, geopolitically that would justify continued hiding/cover-up of the
failed strategies, their genesis, flawed rationale, etc., which has cost this
nation and the world dearly] ... WIKILEAKS:
We've been hit with 'mass distributed denial of service attack'... MOST
EMBARRASSING, DAMAGING DISCLOSURE IN DECADES... SENATORS:
PROSECUTE THE LEAKERS! NYT
EXPLAINS: THE DECISION TO PUBLISH … [The NYT clearly did the right thing to
publish; after all, one cannot possibly look to even one rationally correct
strategy, domestically, globally, geopolitically that would justify continued
hiding/cover-up of the failed strategies, their genesis, flawed rationale,
etc., which has cost this nation and the world dearly]... SKorea
says sound of artillery heard on island... US,
SKorea start major naval drills... China
issues warning...
TO
THE BRINK
DHS
SEIZES DOMAIN NAMES... EU
Debt Crisis Escalates... 6
American soldiers killed in Afghanistan...
Next Debt
Crisis 'May Start in Washington'... WIKILEAKS
TURNS ON OBAMA! ] Authorities are
investigating whether Julian Assange violated criminal laws, including possible
charges under the Espionage Act, sources say. Afghanistan: Gates: Progress has
'exceeded my expectations' (Post, December 8, 2010; 5:53 PM) U.S. hurting peace chances by giving up on
israeli settlement freeze, analysts say (Post,
December 8, 2010; 11:00 PM) In South Korea, Joint Chiefs chairman scolds
China for its 'tacit approval' of North's aggression (Post,
December 8, 2010; 11:01 PM) Iran talks end with little sign of progress (Post, December 8, 2010; 1:04 AM) Rice, on 'The View,' defends Obama on
WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington Post) [ The problems in all these regions
are inextricably tied to the nation with insurmountable problems of its own and
own making. That nation quite obviously
is pervasively corrupt, meaningfully lawless, defacto bankrupt america (along
with such comparable enablers / allies as zionist israel, nato, etc.. How can
anyone believe anything they say, least of all gates who hails from
C(ottage)I(ndustries of)A(merica) based on lies, chaos, and conflict.]
Looking
back at 2010 (Washington Post) [ I think Mr. Sloan should run for office or
be appointed ‘Head of the Fed’ or u.s. attorney general, though his lack of
‘liar’ credentials might exclude the latter!
] I have performed a painful annual ritual ever since I began writing a
column about 20 years ago: re-reading my work for the year and telling you
about the things I got wrong and the things I wish I'd done differently. U.S.
home prices drop 1.3% (Washington
Post) [ Oooooh! Ouch … but no say the
frauds on wall street … that’s a good thing … you know … that ‘affordability
thing’ … yes, they say … sounds like a plan!
] Six regions hit new lows, and they're not expected to rebound anytime Budget
proposal to be delayed (Washington Post) [
At this point, who’s still counting … and does it count? I mean, near
$14 trillion and counting, the question is ‘can they count’ … then there’s the
real debt … Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool all
of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS –
PLEASE BE CAREFUL OUT THERE! ‘ … Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is a complete
disaster," Howard Davidowitz declared here string of dire predictions recent signs Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent additional clips Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] ] President Obama expects to release his
fiscal 2012 budget a week later than the timetable set out under the Budget Act
of 1974. 2010
worst year for bank failures since 1992 (Washington Post) [ And you can
safely say the worst is not over and there’s more to come …’ Suttmeier ‘5
Economic Themes for 2011 (6 more are
on their way): … 3.The banking system is supposed to de-lever risk, but it has
not. When I look at the Notional Amount of Derivative Contracts I cringe at the
fact that since the end of 2007 this risk category has grown $71.6 trillion
since the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the
end of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking…’ ‘Deadbeat’
TARP banks on rise (Washington Post) [ Sounds like a plan! Viz., when
worthless paper / securities / toxic assets are being carried in the trillions
now marked to anything (as per legislated mark to anything FASB rule change),
the reality is that there’s no real surplus from which to pay dividends,
etc.. ] Obama administration steps up
monitoring of banks that miss required payments. ] The
nation is closing out the year with 157 bank failures, up from 140 in 2009. 5
Economic Themes for 2011 Suttmeier
‘5 themes for 2011 (6 more are on their way):
Home prices will resume a decline that began in
mid-2006. We had the home buyer
tax credits expire in mid-2010, and government sponsored mortgage
modifications provided limited help. In 2011 we face continued foreclosure
issues including questionable documentation, and banks have a record high
Other Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of
the third quarter, up 338.2% since the end of 2007. Depressed home sales
are being sold at a 30% to 35% discount, which reduces property appraisals
at the county level. Home builders will have to compete with these lower
prices and we need a mortgage modification program for all Americans, not
just those at risk of losing their homes. QE2 is not working and US Treasury
yields are higher causing mortgage rates to rise. “The Great Credit
Crunch” began with housing, and that foundation needs repair before Main
Street can recover with sustainable job creation.
Community banks still have $1.43 trillion in
commercial real estate loans that require resolution. The FDIC’s List of Problem Banks rose to 860 in
the third quarter of 2010, which is 11.1% of all insured institutions. My
analysis shows 2,485 or 32% of all banks overexposed to commercial real
estate loans, and 3,938 or 50.7% of all banks with real estate loan
pipelines that are 80% to 100% funded. This stress needs to be addressed
before jobs can be created on Main Street USA as housing and construction
drive local economies. “The Great Credit Crunch” will not end
without a program to remove toxic real estate loans from the books of
community banks around the country.
The banking system is supposed to de-lever risk,
but it has not. When I look at
the Notional Amount of Derivative Contracts I cringe at the fact that
since the end of 2007 this risk category has grown $71.6 trillion since
the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the end
of the third quarter in an environment where banks should be de-leveraging
not adding to this risk where financial time bombs are ticking.
Fannie Mae and Freddie Mac will continue to drain taxpayer money as the
Treasury provides unlimited lines of credit through 2012. The cost
currently is about $150 billion, by far the largest of any government
bailouts. We need to unwind the activities of these GSEs, and beef
up Ginnie Mae as the go to government agency that backs new mortgage
issuance.
Because of the housing market depression and
stress in the banking system the unemployment rate will stay above 9% for
all of 2011.
Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought
technically on both daily and weekly charts. The snow storm causes stocks
to drift lower and higher.
The major equity averages are below this week’s
risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682
NASDAQ, 5215 Dow Transports and 808.57 Russell 2000. Fifteen of sixteen sectors are overvalued
according to ValuEngine with only 37.9% of all stocks undervalued. At 35%
the stock market tends to find a top. Only 17.4% of all stocks are
undervalued by 20% or more.
The Yield on the 10-Year Note (3.345) – Tested this week’s value level at 3.494 with today’s
risky level at 3.306.
Comex Gold ($1384.2) – The 50-day at $1372.1 held at the low on Monday with
this week’s risky level at $1401.2.
Nymex Crude Oil ($90.79) – Reached a new high for the year at $91.88, shy of
this week’s risky level at $93.28. Support is the 21-day simple moving average
at $88.24.
The Euro (1.3163) – My weekly value level is 1.2906 with 200-day simple
moving average at 1.3087 and quarterly pivot at 1.3318, which goes away at the
end of the year.
The Dow Industrial Average (11,555) – Remains extremely overbought on both daily and weekly
charts. The 21-day simple moving average is 11,384 with a daily pivot at 11,569
and this week’s risky level at 11,629.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate
any positions within the next 72 hours.
Market
Crash on 12/31/10? Technical indicators suggest market collapse may
begin by December 31st Why
Stocks Could Collapse...Beginning as Soon as December 31, 2010!
The Fed has propped up the equity markets for
months ... but
that could soon come to a disastrous end! Dennis Slothower is one of the
world’s leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as December 31st –
so it’s important that you take action now to prepare yourself. Click on the
link below for immediate access to Dennis Slothower’s latest report, which will
explain – in plain English – just how Dennis saw the collapse of 2008
coming…and how he’ll help you avoid disaster in the weeks ahead. http://www.stealthstocksonline.com/reports/FreeReport4StealthStocks.pdf
Don't Be Fooled By Investment Disinformation [ While this is
axiomatically true, it is also true that one must go beneath the numbers to
find the reality underlying particularly manipulated moves which, as one might
expect from a forbes contributor with an indirect bobblehead nod to the u.s.
market based upon, ie., ignoring such things as the debased dollar,
insurmountable debt, fraud, etc.. The u.s. numbers are a joke to keep ‘fools
rushin’ in’, to keep them sucked in, etc.. ] Iraq: 2 suicide bombings kill 19, wound
45
Progress breakin’ out all over …Britain charges 9 of 12 arrested in terror
plot (Post, December 27, 2010; 4:07 PM) …blowback’s a bitc*h! … Conflicting accounts of deadly raid in Kabul (Post, December 27, 2010; 6:32 PM) WikiLeaks
papers detail Iraq torture, US killings Al-Jazeera on Friday released what
it called “startling new information” from US documents obtained by WikiLeaks,
alleging state-sanctioned Iraqi torture and the killing of hundreds of
civilians at US military checkpoints. Julian
Assange to RT: WikiLeaks gives ‘most accurate picture of war’ The shocking
WikiLeaks release, which has revealed thousands of unreported civilian
casualties in Iraq, is the most accurate picture of war ever made, and it is
food for thought, says the website’s editor-in-chief. The report, condemned by
the Pentagon, claims that US commanders in Iraq ignored evidence of torture and
the murder of civilians. Spiegel:
WikiLeaks logs may reveal war crimes In its early analysis of the Iraq war
logs released by whistleblower site WikiLeaks on Friday, the German paper Der
Spiegel pointed to several accounts of what it calls “dubious attacks” by US
Apache helicopters that may have amounted to war crimes.Secret
Iraq war records reveal grim new details (Washington Post) Logs released by WikiLeaks
offer chilling insights about conflict's death toll and the tactics of Iraqi
leaders who have taken over as U.S. troops exit. [ Now why did I think the u.s. military’s
numbers were all wet? Poll: Does WikiLeaks put soldiers in danger? I
haven’t looked at this poll, but my inner poll says needless wars in other
people’s lands put soldiers at risk, particularly when your nation is defacto
bankrupt. ] Previous: 77,000 Iraqis killed from 2004 to
August 2008, U.S. military says (Washington
Post) [ And you can take that to the fraudulent american bank … riiiiight! …
Come on … americans lie about everything and certainly this … A conservative
estimate from AP through only 2007:
Study: 151,000 Iraqis died in conflict’s violence Surveyors face danger to
count casualties from 2003 to 2006 The Associated
Press - updated 1/9/2008 7:15:50
PM ET 2008-01-10T00:15:50 About 151,000 Iraqis died from violence in
the first three years after the United States invaded, concludes the best
effort yet to count deaths — one that still may not settle the fierce debate
over the war's true toll on civilians and others … americans are just lying war
criminal american scum. Obama’s
Finest Hour: Killing Innocent People For “Made-Up Crap” Floyd Empire Burlesque Oct 22, 2010 If ever I am tempted by the
siren songs of my tribal past as a deep-fried, yellow-dawg Democrat, and begin
to feel any faint, atavistic stirrings of sympathy for the old gang, I simply
think of things like the scenario below , sketched last week by
Johann Hari, and those wispy ghosts of partisanship past go howling back to the
depths: … Unauthorized
US strike kills 4 Pakistanis A non-UN-sanctioned US strike on a house in
Pakistan’s tribal region of North Waziristan has killed four civilians and
injured two others.] Rise
in mergers may spell trouble for jobs
(Washington Post) [ Lifelines for
a few, obfuscation of impending disaster for most, fraudulent wall street just
loves those fees, and though contraindicated, the potential talking points
thereby. ] Some corporate mergers this year
have been shadowed by fears of layoffs. Toasting
the bad economy (Washington Post) [
As indeed the Russians should since they have much to celebrate. Russian
tiger team hails success
Moscow's
unprecedented military deal (Washington Post) ( France should be praised inasmuch
as a strong Russia, and conversely, a weak perpetual war, war mongering, war
crimes, pervasively corrupt nation, america is optimal for world peace! ) Russia
is last in series of major powers to seal valuable deals with India (Washington Post) ( Bravo for India … a deal with
Russia is a deal with a future! ) ] Their country still endures the sting of
economic crisis, but Russians plan to drink up this holiday season. Applebaum: The
'decline of the West' (Washington Post) [ It really is true … and, no
leftist sympathizer with his book of the same name, none other than Buchanan
says as much. The reason of course is based on reality. From Orwellian Britain,
to failed nation-state the pervasively corrupt and defacto bankrupt
wobama-bushland america, to perpetual war ‘me-toos’ (ie., nato allies, war
crimes nations israel, u.s., etc.), their frauds (wall street, etc.) protected,
laws meaningless(see RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , their ruthless suppression
subtle, hidden, but odious as never before in their respective histories, the
west at best has become that ‘distinction without significant difference’ and
heading to worse than can be imagined. Of course they’ll lay blame to something
other than the huge frauds / wealth transfers that have plundered the nation.
Indeed, one could even cogently argue that said plundering gave rise to the
flawed, failed communism lie in the first instance. Yet, Russia, a great nation
with a rich history is not a communist nation, did not violently suppress the
people as they shirked that communist yoke / albatross, is not as defacto
bankrupt, meaningfully lawless, pervasively corrupt america engaging in
perpetual wars of destruction to persons and property, and with a great leader
of historical dimension in Putin is a far more rational choice than the
bankrupt west on all levels. As for
communist china, it has truly been a self-defeating, self-destructive creation
of the west out of greed which is in no short supply in the west. PREVIOUS:
Wikileaks
founder freed on bail (Washington
Post) [ ‘… Moore (correctly) asserts
that Assange
is under attack solely because he had the courage to expose American war
crimes. Moore writes:
We were taken to war in Iraq on a lie.
Hundreds of thousands are now dead. Just imagine if the men who planned this
war crime back in 2002 had had a WikiLeaks to deal with. They might not have
been able to pull it off. The only reason they thought they could get away with
it was because they had a guaranteed cloak of secrecy....
So why is WikiLeaks, after performing
such an important public service, under such vicious attack? Because they have
outed and embarrassed those who have covered up the truth…’
Though
Assange’s arrest was on far more tenuous grounds owing to a CIA-linked girl,
Roman Polanski was similarly targeted: BBC
News - Roman Polanski Dec 5, 2010 ... Roman Polanski's The Ghost Writer ... Polanski time arrest ... www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course,
masterfully done film which deals with exactly that topic and the sordid,
unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of
coverage by world treaty / The Hague thereby) to avoid detection of, and to
further such activities as the war crimes referenced.}Don’t forget: america has their own
untouchables in the illegal sense, ie., wall street, etc., and In interview, Bush defends
Iraq war and waterboarding [ Defending the indefensible … what choice
does he have … then there’s the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison …
wobama merely continued the failed policies of dumbya (perpetual war, no pros
the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
: On March 11, 1999, Investor’s Business
Daily reported that at least nine (9) women have now charged that Clinton
"personally assaulted them or, through his ‘agents’ or ‘people,’
threatened to do them or their families physical harm." The list includes
Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones,
Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward
Gracen. "And all of them say they’re afraid for their safety so long as he
remains in power."
CLINTON BODY
COUNT By: Ether Zone
Staff
Here
is the latest body count that we have. All of these people have been connected
with the Clintons in some form or another. We have not included any deaths that
could not be verified or connected to the Clinton scandals. All deaths are
listed chronologically by date. This list is current and accurate to the best
of our knowledge as of January 13, 1999 August 1, 2000. (see complete list http://albertpeia.com/bodycount.htm ) …’
] Robinson:
On
track to nowhere in Afghanistan (Washington Post) [ I agree with Mr. Robinson and we should be
thankful that he’s watching closely and, unlike so many others, he has courage
enough to say so : Obama's
glaring ego (Washington Post) [ Come on! Now known for what he really is;
viz., an insecure, dysfunctional, jive-talking b*** s*** artist, he’s just once
again, but typically wrong, and is nothing to have an ego about. Robinson: White
House is eerily silent on taxes (Washington Post) [ Eerily? I think not!
Expectantly? I think so! That is, once you get beyond the wobama b*** s*** !
And, truth be told party distinctions are merely distinctions without
significant differences (no prosecution of the wall street frauds, wars raging
in Afghanistan / Middle East, etc.. But alas, as to the ‘wobama whitehouse’
this was predictable early on as by David Icke : Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘Vast
numbers of people across the world, including many who should know better, have
been duped by the mind-game called Operation Obama... (excerpts) Obama has been
the chosen one for a long time, a fact known only to a few in the deep inner
circle, and his relationship with Brzezinski almost certainly goes back to the
start of the 1980s when he attended the Ivy League, and big-time Illuminati,
Columbia University where Brzezinski was head of the Institute for Communist
Affairs. Obama simply will not talk in any detail about this period. He has
been covertly funded and supported ever since by the Trilateral Commission and
its network of foundations connecting into the Ford Foundation, for whom
Obama's mother worked. And a question: Does anyone really believe that someone,
a 'man of the people', would simply appear from apparently nowhere to run the
slickest and best-funded presidential campaign in American history? He was
chosen long ago by those who wish to enslave the very people that Obama says he
wants to 'set free'. The sources of Obama funding read like a Wall Street Who's
Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan
Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to
accept the limitations of public funding for his campaign and instead took the
no-limit option of 'private funding. Then there is the Jewish financier, George
Soros, the multi-billionaire associate of Brzezinski and closely involved with
the funding and marketing of Obama. Soros is a former board member of the
Illuminati's Council on Foreign Relations and funds the European Council on
Foreign Relations. In short, he is a major insider' You can certainly see the
Soros/Brzezinski techniques in the Obama 'revolution' in the United States. It
was the complex and secretive network of Soros foundations and organisations,
connected to the intelligence agencies of the US and Israel, that trained and
funded students in the Ukraine, Georgia and elsewhere in the art of mass
protest and overthrowing governments. These manufactured protests were sold to
the world as peoples' revolutions, but it just so happened that when they were
over and the old regime was removed the new leaders were those waiting in the
wings all along - the puppets of Soros, Brzezinski and their associated
networks. Obama is just more of the same, a big smile with strings attached,
and controlled completely by the Illuminati networks that chose him, trained
him, sold him and provided his record funding. It was they who kept his many
skeletons under wraps, like the gay sex and crack cocaine allegations of Larry
Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), and they will continue
to do so as long as he jumps to their bidding. Obama is just another Banksters'
moll prostituting himself for fame and power, and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the Wall
Street 'A' list, including Paul Adolph Volker (Trilateral Commission, Council
on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from
1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the
Economic Recovery Advisory Board, which is dominated by insiders, including its
staff director and chief economist, Austan Goolsbee, a close Obama associate
from the University of Chicago. Goolsbee is an initiate of the infamous
Illuminati Skull and Bones Society at Yale University, which also includes Boy
and Father Bush. It was Goolsbee who told the Canadian government not to worry
about Obama's attacks on the economic effects of free trade agreements because
his words were just to win votes in the election campaign. Another Wall Street
insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission,
Council on Foreign Relations), was appointed by Obama to be his Treasury
Secretary. Geithner was the President of the New York Federal Reserve Bank, the
most powerful in the private Federal Reserve cartel that masquerades as
America's central bank, and he is a former employee of both the Council on
Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team
locks into the inner circle around the Zionist Robert Rubin, the Director and
Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations,
and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg
Group, was the man behind Citigroup's strategy of expanding its risk in debt
markets which forced it to be rescued by taxpayers' money. The very people who
caused the financial crisis are being appointed by Obama to decide how to
respond to it (more taxpayers' money for them and their friends) ‘ The following youtube video is well worth
the look and explains how and why the frauds on wall street have gotten away
with their devastating fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post : While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ]‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
------------------- In interview, Bush defends
Iraq war and waterboarding [ Defending the indefensible … what choice
does he have … then there’s the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison …
wobama merely continued the failed policies of dumbya (perpetual war, no pros
the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm
: On March 11, 1999, Investor’s Business
Daily reported that at least nine (9) women have now charged that Clinton
"personally assaulted them or, through his ‘agents’ or ‘people,’
threatened to do them or their families physical harm." The list includes
Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones,
Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward
Gracen. "And all of them say they’re afraid for their safety so long as he
remains in power."
CLINTON BODY
COUNT By: Ether Zone
Staff
Here is the latest body count that we have. All of these people have
been connected with the Clintons in some form or another. We have not included
any deaths that could not be verified or connected to the Clinton scandals. All
deaths are listed chronologically by date. This list is current and accurate to
the best of our knowledge as of January 13, 1999 August 1, 2000. (see complete list http://albertpeia.com/bodycount.htm ) Susan Coleman : Rumors were circulating in Arkansas of an affair
with Bill Clinton. She was found dead with a gunshot wound to the head at 7 1/2
months pregnant. Death was an apparent suicide. Kevin Ives & Don Henry: Initial cause of death was reported to be the result
of falling asleep on a railroad track in Arkansas on August 23, 1987. This
ruling was reported by the State medical examiner Fahmy Malak. Later it was
determined that Kevin died from a crushed skull prior to being placed on the
tracks. Don had been stabbed in the back. Rumors indicate that they might have
stumbled upon a Mena drug operation. Paul Olson: A Federal witness in investigations to drug money
corruption in Chicago politics, Paul had just finished 2 days of FBI interviews
when his plane ride home crashed, killing Paul and 130 others on Sept 8 1994.
The Sept. 15, 1994 Tempe Tribune newspaper reported that the FBI suspected that
a bomb had brought down the airplane. Calvin Walraven: 24 year on Walraven was a key witness against Jocelyn Elder's
son's drug case. Walraven was found dead in his apartment with a gunshot wound
to the head. Tim Hover, a Little Rock police spokesman says no foul play is
suspected. Alan G. Whicher: Oversaw Clinton's Secret Service detail. In October 1994
Whicher was transferred to the Secret Service field office in the Murrah
Building in Oklahoma City. Whatever warning was given to the BATF agents in
that building did not reach Alan Whicher, who died in the bomb blast of April
19th 1995. Ron Brown: . The Commerce Secretary died on April 3, 1996, in an
Air Force jet carrying Brown and 34 others, including 14 business executives on
a trade mission to Croatia, crashed into a mountainside. The Air Force, in a
22-volume report issued in June of 1996, confirmed its initial judgment that
the crash resulted from pilot errors and faulty navigation equipment At the
time of Brown's death, Independent Counsel Daniel Pearson was seeking to
determine whether Brown had engaged in several sham financial transactions with
longtime business partner Nolanda Hill shortly before he became secretary of
commerce. Charles Meissner: died: UNK - Following Ron Brown's death, John Huang was
placed on a Commerce Department contract that allowed him to retain his
security clearance by Charles Meissner. Shortly thereafter, Meissner died in
the crash of a small plane. He was an Assistant Secretary of Commerce
for International Economic Policy. Barbara Wise: Wise a 14-year Commerce Department employee found dead and
partially naked in her office following a long weekend. She worked in the same
section as John Huang. Officially, she is said to have died of natural causes. Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over
the 4th of July '97 weekend. She was a former White House intern who worked
with John Huang. Apparently she knew Monica Lewinsky and her sexual encounters
with Bill Clinton. Although not verified, it has been said that Lewinsky told
Linda Tripp that she did not want to end up like Mahoney.
---------------------------------------------------------
The
Vietnam war was a painful time for America. Many young Americans were drafted
and died thousands of miles from their loved ones. Young men of priviledge had
a clear advantage - few of them went to Vietnam, securing positions in the
National Guards of their respective states. George W. Bush was one of these
men, securing a place in the Texas Air National Guard in spite of a waiting
list of several hundred. However, he claims that he did not receive special
consideration, which is clearly a lie. Most
of the young men lucky enough to get into the Guard fulfilled their
obligations. George W. Bush did not. He was absent without leave, AWOL, for
over a year. Not surprisingly, this got little attention from the corporate
media... …
After the hostages' release, the arms shipments to Iran continued. Profits were
funneled to another pet cause of the right wing - the Nicuaraguan terrorists
known as "freedom fighters" or "Contras". Another Contra source
of income was trafficking in narcotics, running cocaine into the United States,
with the full knowledge and cooperation of Administration officials. In the
80's there was a huge increase in the flow of cheap crack cocaine into the
inner cities of America and countless lives were destroyed. A
series of investigations led to the convictions of Oliver North and Vice
Admiral John C. Poindexter, head of the National Security Council, on charges
of obstructing Congress and unlawfully destroying documents, but both their
convictions were later reversed. In 1992 President George H.W. Bush pardoned
many of the top government officials who had been charged or convicted in the
scheme. The main perpetrators of Iran/Contra and associated events remain free
today, and many of them work in George W. Bush's Administration. …
Of
the three generations of Bush men mentioned on this site, the most evil and
most dangerous by far is George Bush, Sr. The
Bush family came by their wealth on the backs of 11 million dead. Prescott
Bush, along with partner E. Ronald Harriman, supplied financial aid and raw
materials to Hitler's Third Reich. In
1942, Bush/Harriman companies were seized under the Trading with the Enemy Act:
the Union Banking Corporation, the Holland-American Trading Corporation, the
Seamless Steel Equipment Corporation and Silesian-American Corporation. After
the war, the CIA recruited many former Nazis to work for them, escaping
prosecution for war crimes. Klaus Barbie, infamous for ordering the murder of
French children, was among them. He was, however, eventually caught and
returned to France to stand trial. …
Shortly before the 9/11 attacks, John Ashcroft stopped flying commercial and
started flying on government-chartered planes. Why? In
fact, the George W. Bush received many warnings that he disregarded. Bush knew,
and he did nothing. Why? Oil,
that's why. And a free rein to rape the Constitution. …-
David Blomstrom ] ] Gerson: ]
‘Deadbeat’
TARP banks on rise (Washington Post) [ Sounds like a plan! Viz., when
worthless paper / securities / toxic assets are being carried in the trillions
now marked to anything (as per legislated mark to anything FASB rule change),
the reality is that there’s no real surplus from which to pay dividends,
etc.. ]Obama administration steps up
monitoring of banks that miss required payments. (12-26-10)
I’m constrained to eat crow here, inasmuch as I’ve previously had negative
things to say regarding Time Warner Cable. But, so as not to be one of those do
as I say, but not as I do hypocrites, I must state for the record here that
Time Warner Cable internet is far superior to the att-based DSL, and that att
can’t-do-thing means I’ll be canceling my (jersey / now dumbya bushie land) att
land line (done 12-27-10, along with DSL) which wasn’t fully functional anyway
but had kept same for the listing, and for internet connection which ultimately
required DSL and failed at that. (12-23-10) MY INTERNET CONNECTION IS DOWN AGAIN AND OF COURSE, I
WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICAN
SCUMBAGS SHORTLY! They will be sorry they did this … I won’t forget it! (12-22-10) MY INTERNET CONNECTION IS DOWN SO I’M USING A LOCAL
WORKSTATION COMPUTER AND WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT,
DEFACTO BANKRUPT AMERICAN SCUMBAGS SHORTLY! They will be sorry they did this …
I won’t forget! 10 Good Reasons To Be Worried About The Stock Market In
2011 Joe Weisenthal , On Sunday December 26, 2010,
‘This is one of David Rosenberg's best pieces in awhile. In his latest daily
note, the Gluskin-Sheff
1.
STRATEGISTS ARE UNANIMOUSLY BULLISH "In
Barron’s look-ahead piece, not one strategist sees the prospect for a market
decline. This is called group-think. Moreover, the percentage of
brokerage house analysts and economists to raise their 2011 GDP forecasts has
risen substantially. Out of 49 economists surveyed, 35 say the U.S.
economy will outperform the already upwardly revised GDP forecasts, only 14 say
we will underperform. This is capitulation of historical proportions.
"Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#strategists-are-unanimously-bullish-1#ixzz19FzSp3Sd
2.
INVESTORS ARE GOING GAGA FOR
STOCKS"The weekly fund flow data from the ICI showed not only massive
outflows, but in aggregate, retail investors withdrew a RECORD net $8.6 billion
from bond funds during the week ended December 15 (on top of the $1.7 billion
of outflows in the prior week). Maybe now all the bond bears will shut
their traps over this “bond-bubble” nonsense." Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#investors-are-going-gaga-for-stocks-2#ixzz19G02eyCU
"Investors
Intelligence now shows the bull share heading up to 58.8% from 55.8% a
week ago, and the bear share is up to 20.6% from 20.5%. So bullish
sentiment has now reached a new high for the year and is now the highest
since 2007 ― just ahead of the market slide."Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#-3#ixzz19G0EYLuH
"It
may pay to have a look at Dow 1929-1949 analog lined up with January 2000.
We are getting very close to the May 1940 sell-off when Germany invaded
France. As a loyal reader and trusted friend notified us yesterday,
“fighting” war may be similar to the sovereign debt war raging in Europe
today. (Have a look at the jarring article on page 20 of today’s FT —
Germany is not immune to the contagion gripping Europe.) "Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#-4#ixzz19G0MEGXy
5.
STOCK DIVIDEND YIELDS ARE NOT SO HOT
"What about the S&P 500 dividend yield, and this comes courtesy of an
old pal from Merrill Lynch who is currently an investment advisor. Over
the course of 2010, numerous analysts were saying that people must own stocks
because the dividend yields will be more than that of the 10-year
Treasury. But alas, here we are today with the S&P 500 dividend yield
at 2% and the 10-year T-note yield at 3.3%.From a historical standpoint, the
yield on the S&P 500 is very low ― too low, in fact. This
smacks of a market top and underscores the point that the market is too
optimistic in the sense that investors are willing to forgo yield because they
assume that they will get the return via the capital gain. In essence,
dividend yields are supposed to be higher than the risk free yield in a fairly
valued market because the higher yield is “supposed to” compensate the investor
for taking on extra risk. The last time S&P yields were around this
level was in the summer of 2000, and we know what happened shortly after
that. When the S&P yield gets to its long-term average of 4.35%,
maybe even a little higher, then stocks will likely be a long-term buy.
"Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#stock-dividend-yields-are-not-so-hot-5#ixzz19G0ow2m9
THE DOW
PRICED IN GOLD HAS MORE TO FALL Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#the-dow-priced-in-gold-has-more-to-fall-6#ixzz19G2x0gFe http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#the-dow-priced-in-gold-has-more-to-fall-6#ixzz19G17NoeR
7.
BREADTH
IS DETERIORATING "As Bob Farrell is
clearly indicating in his work, momentum and market breadth have been
lacking. The number of stocks in the S&P 500 that are making
52-week highs is declining even though the index continues to make new 52-week
highs. "Source: Gluskin-Sheff http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#breadth-is-deteriorating-7#ixzz19G1KZX2Q
8.
VALUATIONS
ARE GETTING RICH "Stocks are overvalued at the present levels. For
December, the Shiller P/E ratio says stocks are now trading at a whopping 22.7
times earnings! In normal economic periods, the Shiller P/E is between 14
and 16 times earnings. Coming out of the bursting of a credit bubble, the
P/E ratio historically is 12. Coming out of a credit bubble of the
magnitude we just had, the P/E should be at single digits." Source: Gluskin-Sheff http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#valuations-are-getting-rich-8#ixzz19G23tGaQ
9.
HOUSING IS STILL A HUGE THREAT "The potential for a
significant down-leg in home prices is being underestimated. The unsold
existing inventory is still 80% above the historical norm, at 3.7
million. And that does not include the ‘shadow’ foreclosed
inventory. According to some superb research conducted by the Dallas Fed,
completing the mean-reversion process would entail a further 23% decline in
real home prices from here. In a near zero percent inflation environment,
that is one massive decline in nominal terms. Prices may not hit their
ultimate bottom until some point in 2015. "Read more: http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#housing-is-still-a-huge-threat-9#ixzz19G2O6qNU
10. FISCAL STRAINS POSE A MAJOR THREAT
"Arguably the most understated, yet significant, issue facing both U.S.
economy and U.S. markets is the escalating fiscal strains at the state and
local government levels, particularly those jurisdictions with uncomfortably
high pension liabilities. Have a look at Alabama town shows the cost of
neglecting a pension fund on the front page of the NYT as well as Chapter 9
weighed in pension woes on page C1 on WSJ." In the absence of
Chapter 9 declarations or dramatic federal aid, fixing the fiscal problems at
lower levels of government is very likely going to require some radical
restraint, perhaps even breaking up existing contracts for current retirees and
tapping tax payers for additional revenues. The story has some how become
lost in all the excitement over the New Tax Deal cobbled together between the
White House and the lame duck Congress just a few weeks ago." Source: Gluskin-Sheff http://www.businessinsider.com/10-reasons-to-be-worried-about-the-stock-market-in-2011-2010-12#fiscal-strains-pose-a-major-threat-10#ixzz19G2gqTZP
THE
STOCK MARKET IS A BUBBLE Corson ‘The stock market is not bubbled up, you
say? Well then, let's take a serious macro macro look at the situation and
raise the matter as a question.How is it that from about 1950 (or 1965 at
least) up to about 1985, the Dow Jones Industrial Average stayed mostly in the
range from about 250 to 1200, when America was growing and doing pretty well on
average, and then, from about 1985 to the year 2000 or so -- a mere fifteen
years -- the Dow shot up to over 10,000, when middle class America realized
almost no income gains in real terms and the economy basically cycled from one
boom and bust cycle to the next?I argue we face one of the biggest bubbles of
all time. Let me explain and lets address the problem by focusing on the DJIA.
Here is what the DJIA has done since 1965. click
to enlarge images
[chart]
What
we observe is the DJIA has gone up about ten fold from 1965 to the year 2000 or
so. But what has industrial production in the US done during that time frame?
[chart]
Industrial
production has increased to be sure, but only by a factor of three or so. It
certainly has not increased anything like the DJIA. But there is slippage, you
say. To be sure, we now generate more services, the time series data have been
smoothed and more importantly changed, etc., etc. But these explanations simply
don't bridge the gap.
Back in the
early-to-mid 1980s macro economists noted that the risk premium being paid on
equities over bonds was far higher than was warranted by standard measures of
individuals’ attitudes towards risk. In short, the risk premium agents were
being paid more than compensated them for the risk. This was particularly
surprising since over the long run, the risk on equities was no different than
that on bonds. As a result, there appeared to be an arbitrage opportunity by
shifting one’s portfolio from bonds to stocks and holding the equities for a
long time.
Do you believe that? We simply had a financial
epiphany and corrected. More importantly, do you want to believe that or
anything except we are bubbled up?As we know, Japan had this problem with its
stock market and here is what happened. But that can't happen here you say. I
ask, why not?
[chart]
Even GDP and profits have not caught up with this
market. They too have only increased three and a half fold at best.
[chart]
(The data in these charts are smoothed to conceal
recessions and ease presentation.)Why is it that we don't have a serious bubble
in our stock market now? Were our valuations all wrong for years on end
earlier, or do we have it wrong now? I think we have a problem and our heads
are in the sand… http://www.seekingalpha.com/article/243573-is-the-dow-showing-a-major-stock-market-bubble?source=yahoo
’
Rockefeller
Study Envisages Future Dictatorship Controlled By Elite … (Vegetables … Yes,
Asparagus, not Broccoli) … Here’s the pathetic news, however; it’s called
reality: [Neanderthals, Humans
Interbred, DNA Proves Signs of Neanderthals
Mating With Humans Neanderthals mated with some modern humans after all and left their
imprint in the human genome. Genome hints humans, Neanderthals rolled in
prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil
analysis finds see
here
http://www.albertpeia.com/anthroindex1.htm Previously
I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [see infra] and [Interestingly, my
intuitive (but unstudied) thoughts prior to closer examination of the
compelling subject of Biological Anthropology remain what I believe to be the
correct scenario. Specifically, very simply stated, for the most part, the more
“enlightened” (but not by much; by mutation, accident, luck, intervention,
etc.) left the unvarying confines of their Sub-Saharan origins, experienced
diverse new environs, challenges, etc., experienced what has been described (by
neuroscientists, psychologists, etc.) as neurogenesis in varying degrees and
forms thereby over time, which trait was selected for and is consistent with
the purported multi-regional evolutionary model which does not overtly
contradict ultimately, initial African origins. Races, sub-species, missing
links, etc., are subsumed in this very humbling and sorrowful tale of the “dawn
of man”.] [see infra] … ] Global pandemics that kill
millions, mandatory quarantines, checkpoints, biometric ID cards, and a world
of top-down government control. These things are not lifted from the latest
sci-fi blockbuster movie, they’re part of the Rockefeller Foundation’s vision
for what the globe might be like in 15-20 years’ time under a new world order
tightly controlled by the elite. [That’s getting awfully close to the outside
‘decades, not millennia or even centuries’]. Iran
accuses US and UK of supporting group behind mosque attacks Iran is vowing
to hunt down a Sunni separatist group which claimed responsibility for a double
suicide bombing that killed 28 people at a mosque in the south-eastern city of
Zahedan.US, NATO
behind Iran bombings: MP An Iranian lawmaker slams the recent bombings in
the country’s southeast as a plot by Western military forces in the Middle East
to spread terror on Iran’s borders. WASHPOST
Ombudsman: Why Silence on Black Panther Story? (Washington Post) ‘Thursday's Post reported
about a growing controversy over the Justice
Department's decision to scale down a voter-intimidation case against members
of the New Black Panther Party . The story succinctly summarized the issues
but left many readers with a question: What took you so long? For months,
readers have contacted the ombudsman wondering why The Post hasn't been
covering the case. The calls increased recently after competitors such as the
New York Times and the Associated Press wrote stories. Fox News and right-wing
bloggers have been pumping the story. Liberal bloggers have countered, accusing
them of trying to manufacture a scandal. But The Post has been virtually
silent. The story has its origins on Election Day in 2008, when two members of
the New Black Panther Party stood in front of a Philadelphia polling place. YouTube
video of the men , now viewed nearly 1.5 million times, shows both wearing
paramilitary clothing. One carried a nightstick…’
Latino
KKK: You are too white to be American! ALIPAC | Tan Klan woman can scream racist comments because
the Obama administration and most of the major news networks in America have
her back.
‘West,
israel linked to SE Iran blasts’ A
ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated
“the us , israel and some european countries” in the deadly blasts in the
southeastern Iranian city of Zahedan. De-classified
Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False
Flag Event Over 1,100 pages of previously classified Vietnam-era
transcripts released this week by the Senate Foreign Relations Committee
highlight the fact that several Senators knew that the White House and the
Pentagon had deceived the American people over the 1964 Gulf of Tonkin
incident. Afghans march in Kabul to denounce NATO
strikes that killed civilians: Demonstrators shout anti-American slogans,
denounce NATO strikes Washington
Post ) Sounds like a plan! Almost surreal was the appearance of
gates on failed network ‘news’ show to shill the non-strategy of draw down (of
troops) linked to success. What success? Just being there and every day they’re
there is unequivocally abject failure. Celebritology
Weekend: Angelina Jolie biography arrives; Heidi Montag files for divorce ( Washington Post ) I usually don’t weigh in on
entertainment news, but this headline concerning what appears to be a
disparaging, and quite selectively so, purported biography of Angelina Jolie is
very disheartening when you consider the numerous instances of failed
leadership at nearly all very high levels of government having so detrimental
an impact on the world, that morton deems his time appropriate to an actress
who has actually tried to do good things (U.N., etc.) without having to.
Indeed, even her latest film ‘Salt’ (spectacular by any standard as is her
performance – there are at least 2 winning sequels there with 4 the max and
stretching it owing to age – she puts all, and I mean all the ‘Bonds’ to shame)
had an important message in terms of the damage to this nation by a seemingly
endless, nation-bankrupting, anti-american (war criminal israelis already, and
quite correctly, globally hated) sentiment producing war strategy that is
neither strategy nor reasonably consistent with any positive american goal /
objective; but rather is such a debacle
and folly that the same could very well be one that only an enemy of defacto
bankrupt america could hatch and for the reasoning set forth in the
well-written / directed film. She astutely observed and talked about the
synchronicity of the film as juxtaposed to recent events revealing that she is wiser than most in Washington. Drudgereport:
NEW
LOW FOR O: USATODAYGALLUP HAS OBAMA APPROVE AT 41%... America Is
'Bankrupt Mickey Mouse Economy'... WIRE:
USA 'Bankrupt and We Don't Even Know It'...
YOUTH UNEMPLOYMENT HITS
RECORD HIGH JOBLESS
CLAIMS JUMP TO HIGHEST SINCE FEB... California
can't pay bills -- may use IOUs for August payments...
DEFICIT
ADDS $165,040,000,000.00 -- IN ONE MONTH! Homes
lost to foreclosure up 6% from last year... Grim
Voter Mood Turns Grimmer... Claims
of Afghan civilian deaths spark protest... Military
sees heavier fighting in fall...
UPDATE:
Suspected serial killer arrested in Atlanta... Attempting
to flee to israel … to be with kindred spirits ...
DEFICIT
ADDS $165,040,000,000.00 -- IN ONE MONTH!
MOB
RUSH FOR FED AID DRAWS RIOT POLICE DOW drops
265... Feds
rethink policies that encourage home ownership... Obama: $3
Billion More in Aid for Unemployed... US
posts widest trade gap in 20 months... Q2 GDP Growth Could Be Revised To Just 1% After Trade Data... PUMP:
FED TO BUY MORE DEBT... DOWNGRADES
OUTLOOK... US-backed
fighters in Iraq defect to al-Qaida...
BACK
TO SPEND SOME MORE!
Republicans
Suggest Names for 'Second Stimulus' Bill... 'Where
do the bailouts end?' [I feel compelled to comment here that
even capital hill math would be hard-pressed to justify $26 billion taxpayer /
treasury dollars they don’t really have, to save 300,000 state / local
government jobs! After all, the nation is defacto bankrupt! ]
CASTRO
WARNS OF IMPENDING NUCLEAR HOLOCAUST WELCOME
TO THE RECOVERY... JULY
UNEMPLOYMENT -131,000 JOBS... Revised: May/June -97,000 jobs than first reported... Odd
mix of bad news...
CASTRO
WARNS OF IMPENDING NUCLEAR HOLOCAUST Michelle
Obama 'modern-day Marie Antoinette'...
NYT:
'Leaves the taxpayers with a hefty bill'... While
Obama preaches sacrifice, his family frolics in Spain...
Gazpacho,
turbot, veal and ratatouille with the king... Lavish
Obama vacation in time of economic turmoil raises eyebrows... BAKER:
'Leaves taxpayers with hefty bill'... Hollywood
star-studded gala at first lady's luxury hotel...
MICHELLE
O'S $375,000 VACATION?! Strolls Marbella after State Dept. 'racist' Spaniards gaffe...
White
House calling: Please will you make a coat for Michelle...
Boy
Scouts boo Obama... GALLUP:
Blacks and Whites Continue to Differ Sharply on Obama... JUDGE
KNOCKS DOWN MARRIAGE PROP IN CA BLOW
TO O: MO SAYS NO Voters
overwhelmingly rejected federal mandate to purchase health insurance...
Americans
swap passports; Desire to avoid tax leads some to renounce citizenship... Ahmadinejad
survives blast near motorcade... 'Stupid
Zionists have hired mercenaries to assassinate me'...
FALTERING RECOVERY TRIPS DOLLAR...
GM,
FORD and CHRYSLER Sales All Lag Estimates...
Stimulus
Slammed: Republican Senators Release Report Alleging Waste... The
100 worst stimulus projects...
SHOCK
VIDEO: DEM CONGRESSMAN BRAGS: 'FEDERAL GOVERNMENT CAN DO MOST ANYTHING IN THIS
COUNTRY'... Deadliest Month Of Afghan War
Paper:
Will Washington's Failures Lead To Second American Revolution
Maxine
Waters faces trial over bank bailout funds...
HOT WATERS Dems
Say Sorry, Charlie...
Democrats
Say Rangel Should Resign... Obama:
Time For Rangel To End Career 'With Dignity'...
60,000 babies born to 'noncitizens' get U.S. birthright - in Texas
alone...
Dutch
become 1st NATO member to quit Afghanistan...
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and
hold lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to
typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie.,
Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’:
But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights division
to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama
has promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]
Then there is the well researched,
produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to
this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
Pentagon warns Congress:
Accounts running dry... Eight U.S. service members killed in series
of attacks in southern Afghanistan (Washington Post, July 15,
2010) . This ridiculous war apparently for the sake of the american sponsored
reinvigorated heroin trade was a bad idea ab initio even if america wasn’t
defacto bankrupt.
Concern
over smashing into the 'wall of debt' (Washington Post) Oh, they’ve hit the
wall alright; and, it’s not just debt. I believe the printing presses have been working
overtime to pump out ever more worthless fiat currency and with the many
trillions of worthless fraudulent paper still out there and marked to anything.
I further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of course, as
is invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. This market
is paper on paper moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms; again, the
analogy of termites eating away at the (nation’s) foundation is apposite. As
such, that money has to come from some real place and hence, the ever more
frequent and larger crashes we are seeing. Don’t forget that the worthless paper
from previous such fraudulent schemes now marked to anything is still out there
in a magnitude some have placed in the hundreds of trillions. ‘This is
a global depression. This is a secular bear market in a global depression. The
past up move was a manipulated bull (s***) cycle in a secular bear market. This
has been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into .’
Harry Dent, Jr. Economy will be in a
Depression by 2011
Economists
worry women, minority business owners' gains will be lost (Washington Post)
Little bit late for ‘economists worry’; talk about senile greenspan /
no-recession bernanke economics / prognosticating. Does anybody recall the
merciless drubbing (and pressure) that Ross Perot got for predicting the ill
effects of NAFTA and standing against the tide. In america today, the best men
never win; that’s reality, and also the sign of decline.Exports
are up, but where are the jobs? (Washington Post) Gone with the wind?
Sorry, I must have been thinking of million dollar movies. Seriously though, I
dare say everyone knows they were gone with that ‘bi-partisan executive /
congressional, think-tank, cia / nsa ill wind’ that others might refer to as
flatulence / passing gas, also called NAFTA, and also proudly hailed by the
foregoing as ‘strategy’. They’re gone, and never to return. Moreover, the
flipside of the exports, viz., imports, doesn’t bode well despite the
fraudulent wall street b*** s*** and their chorus of cheerleaders in
washington. Some might say self-delusion but I would say fraud covers all.
Companies
pile up cash but still won't add jobs (Washington Post) Unlike the public sector (which now exceeds private
sector in job gains and average compensation), the private sector attempts to
mesh hiring with economic supply / demand factors to maximize (shareholder) profits / wealth. Whatever
faults american companies have, with relatively few exceptions, this still
remains a very basic fundamental and building surplus (generating profits) is a
necessary precept to ensure survival and the capacity to be a good ‘citizen’ so
to speak. Then there’s reality:
Retail
sales down for 2nd consecutive month (Washington Post) Another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected downward revision to previous market-frothing retail
sales report and poor retail sales and plunge in mortgage applications and then
there’s the fed minutes pointing to extended bad economy. See Dave Fry’s
(Daily) summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue to do
what comes natural to frauds on wall street). Great opportunity to sell / take
profits since much worse, also called reality beyond the b*** s***, to come.
Then there’s also the bad but typical news; viz., retail sales, mortgage apps, economic outlook down, and yesterday
deficits, trade and budget, up.
Mideast DigestNATION NEWS DIGEST: J.P. Morgan Chase
posts $4.8 billion profit (Washington Post) Yet another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected jump in continuing claims for unemployment, yesterday
the downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. Then there’s also now the ‘goldfinger
factor’ as in goldman’s middle finger. When you defraud for many billions, paying $550 million is
chump change. Goldman shares rocketed 5.5% in after-hours trading. No wonder
Goldman called it "the right outcome for our firm shareholders and
clients." (Absent
prosecutions, they’ll continue to do what comes natural to frauds on wall
street). Great opportunity to sell / take profits since much worse, also called
reality beyond the b*** s***, to come. Then there’s also the bad but typical
news; viz., previous retail sales, mortgage apps, economic outlook down, and
continuing claims for unemployment, deficits, trade / budget, up. (Just in:
7-16-10 Poll – only 43% of Americans approve of the Afganistan War, down from
52% in January, 2010)
Pearlstein: Can
regulation beget innovation? (Washington Post) I believe the more seminal question to be,
whether american companies, consistent with overall american decline and
corruption in so pervasive a fashion, are capable of or inclined toward real
innovation where enhancements to productivity, as well as greater profits, is
the consequence as desired. Certainly there has been ‘innovation’ by the wall
street frauds in the types of (ultimately worthless / fraudulent) paper and
high frequency trade programs enhancing their bottom-lines but little else;
and, those cutting edge ‘weapons of mass destruction’ produced or financed
(israel) by america are hardly productive in the economic sense but innovative
and profitable in the short run, and unwise and nation-bankrupting in the
longer run which we’re in right now!
Goldman
agrees to pay $550M (Washington Post) My own
skepticism based on the disparate numbers (the size of the frauds compared to
the relatively small fine) and as set forth in the initial reactions /
headlines that immediately follow has been allayed somewhat by an interview on
NBR with former SEC head Ruder who explained the very narrow scope of the
settlement which in no way shelters goldman from the huge frauds they have
perpetrated. So long as this is true in fact as well as law and in application,
the SEC deserves praise as has been so under the auspices of ‘Mother Mary’ who
appears to have the gonads lacking in prior SEC heads. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. Ex-Justice
official: CIA may have exceeded limits (Washington
Post) Wee doggies! This sounds like the
stuff that SNL Weekend Update ‘Really’ skits are made of; also fitting into
that list of queries as, ‘Is the Pope Catholic?’, ‘Do bears **** in the
woods?’, etc.. Come on! Wake up! This
is the kind of complicit cover-up / corruption found betwixt and between all
three branches of the u.s. government leading ineluctably to america’s current
decline and to which I’ve attested under penalty of perjury in the context of
the RICO litigation [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
For
now, spew of oil into Gulf of Mexico is halted (Washington Post) Well, thank God for small favors! I suggest they change that
name, ‘integrity test’; that’s doomed to end in failure. Yes, the brits are
back. They’ve clogged the well, with help from the ‘usual suspects’, the
americans. What precision! What
teamwork! Victory at last … riiiiight!
U.S.
Regulatory Bill Nears Passage With Republican Support The U.S. Senate plans
to pass the financial-regulation bill on July 15 as Democrats secured the 60
votes needed to enact the biggest rewrite of Wall Street rules since the Great
Depression.Fed Sees Slower Growth Wall
Street Journal | Updated forecast to be released Wednesday afternoon
with the minutes of the Fed’s late-June policy meeting is likely to show that
officials have trimmed their second-half forecasts.
WHICH WAY IS THE MARKET GOING NEXT? Gomes: ‘Having been a technical analyst for the first 10
years of my investing career and a fundamental analyst for the past 15 years,
I'm a believer that technical patterns form as fundamentals unfold. As such, if
you know something about both, you can confirm both against each other. At this
point in time, I see a market that is technically reaching up toward its 200
day moving average (2,250 for the NASDAQ). I also see a 50 day moving average
that is threatening to drop below that 200 day moving average. Technically,
that is usually a very bad sign for the market. The question is, "will the
50DMA drop below the 200DMA?" I think the answer is inevitably
"yes". The thing about the moving averages, is that you can see which
points of data are about to fall off. Meanwhile, you can make reasonable
assumptions regarding the points of data that will take their place. By doing
so, you can construct a range of probabilistic scenarios. In this case, some
high numbers are about to come out of the 50DMA, making it go lower. Meanwhile,
some low numbers are about to come out of the 200DMA, making it go higher.
Since both are VERY close to each other right now, it's safe to assume that the
50DMA will indeed fall below the 200DMA. So, that's probably bad news for the
market...technically. Fundamentally, it appears that Q2 turned out well for
most companies. However, most of the investing world knows this and stocks have
rallied about 8% on the news. Ever hear the saying "buy the rumor, sell
the news"? Well, the rumor has been bought and the news is just starting
to flow in. This means that we have to look at the NEXT bit of news to figure
out what rumor the market will be buying or selling. To me, it's clear that the
global economic environment will come back to the front burner as the #1 driver
of stock prices...and that's bad news for stocks. A good Q2 does not mean that
the future is bright. Rather, I believe that Q2 will represent the peak of
earnings health. Starting in Q3, good earnings will become a bit harder to come
by. Why?1) Economic indicators are dropping fast. For all intents and purposes,
the unemployment rate has not budged. Meanwhile, store shelves are stocked
again, PCs have been upgraded, etc. In other words, the pent-up demand that
drove the current rebound has almost run its course. What little remains no
longer has the power to drive the economy as it has over the past 18-months.
2) "Follow the money". This is
one of the most powerfully simple rules on Wall Street. When money is flowing
into the economy (i.e. via lower interest rates or stimulus $$$), it's usually
good for stocks..and vice versa. At present, interest rates can't go much lower
and the numerous stimulus programs are losing effectiveness. This means that
the money is no longer flowing in. Worse yet, the money that was spent is not
generally viewed as having been money well spent. This does not bode well for a
new stimulus package to come anytime soon. In other words, money is not flowing
in AND doesn't appear poised to flow in anytime soon. In fact, state and
municipal budgets are being cut (money flowing OUT), while they raise local
sales and income taxes (more money flowing out). if federal taxes go up in
2011, as planned, even more money will be flowing out. If you follow that, you
should be flowing out of the stock market. In short, barring a new stimulus
package of other major money-flowing event, I believe the economy slips back
toward recession. Whether or not we double-dip, we will almost certainty slip
in that direction.
3) If you follow the money in
Europe, you will run for the hills. Europe has decided to spin
180-degrees and shift from stimulus to austerity (if you don't know the
definition, look it up -- you'll likely hear it again -- and not just from me).
Effectively the opposite of stimulus, austerity will pull money away from the
European economies...which tells us to pull money away from stocks. Worse yet,
the effect of the EU/IMF bailout is already wearing off. Greek yields are
rising again and Portuguese credit ratings have been reduced.
4) Global bubbles are bursting. Most notably,
home sales in China and Canada are starting to fall. Remember what happened
when the U.S. housing market cracked? That's right -- that's what started this
mess in the first place.
5) Politically, this period in
time has a tendency to be bad for stocks. There is uncertainty
around the mid-year elections...and the market hates uncertainty. Historically,
the political picture doesn't become clear until October, at which point we
might expect a rally. Until then, expect the democrats to do everything they
can to retain their jobs in November. That means, "stop pissing off the
public"...and the public seems pretty pissed about how the stimulus $$$
worked out for them (or more accurately, how it DIDN'T work out for them).
Thus, the political pressure will lean against further stimulus until after the
elections.
The Bottom Line : I
believe that the market will start to reflect these concerns very soon. These
are real fundamental concerns, which you can see reflected in the technicals.
As the market reaches the 50DMA and the 200DMA, it will be inclined to retreat
(barring some new, hugely positive news). Meanwhile, the 50DMA is 90%+ likely
to cross below the 200DMA, giving the market more reason to retrench. At some
point, if the economy sinks far enough and if the market drops far enough,
political pressure for more stimulus will mount. At that point, money will flow
back into the economy. But that time is not now. Now, money is flowing away
like the tide...and so should your invested capital. I'm not always right, but
I do my best, based on the information before me. Based on what I see right
now, the most logical conclusion is to expect a long, ugly summer for stocks.
If I see information that changes that view, I'll be sure to post an update to
this post. Disclosure: I have short positions against the market
Majority
of Americans lack faith in Obama: poll Nearly 60 percent of American voters
say they lack faith in President Barack Obama, according to a public opinion
poll published on Tuesday. Majority
of Americans lack faith in Obama: poll Reuters | Nearly 60
percent of American voters say they lack faith in President Barack Obama,
according to a public opinion poll published on Tuesday. Top
anti-war Democrat: Afghanistan war could ‘destroy’ Obama’s presidency Raw Story | An outspoken anti-war Democrat
said ongoing US military efforts in Afghanistan could deeply imperil the
presidency of Barack Obama and the fortunes of the Democratic Party. Obama’s
debt commission warns of fiscal ‘cancer’ Washington Post | The commission leaders said that, at present, federal revenue is
fully consumed by three programs: Social Security, Medicare and Medicaid.
DRUDGEREPORT: 'White
House waving white flag'... Panic
button... WIRE:
Dems show signs of battle fatigue... Federal
deficit gap tops $1 trillion through June... Republicans
propose cutting Obama budget... 'CREDIBILITY
CRISIS'
If
not for the likes of ie., Dell Computer, most (ie., those die hard Mac, Iphone,
Ipad, etc., aficionados among others) would say microsoft’s already in the
clouds, so to speak. Microsoft
takes aim at the cloud (Washington Post) No
help in sight for jobless (Washington Post) Well, from their perspective, they
really don’t feel your pain, and, it gives the frauds on wall street another
b*** s***, market frothing, false talking point in the form of ‘fewer
continuing claims for unemployment’. Then there’s that ‘ depression thing’.
The
big crash — America plunges into Depression Alexander Cockburn
‘This is a global
depression. This is a secular bear market in a global depression. The past up
move was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn, pass the hot potato scam /
fraud as in prior crashes .’
Making
millions from mowing lawns [Sounds like a plan … riiiiight!]
(Washington Post) Value Added | Entrepreneur's reinvestment and diversification
… By Thomas Heath For the less entrepreneurial at heart
there’s always … flippin’ burgers … Washington,
D.C.: the nation's (burger) capital? (Washington Post) | ‘The
Washington area has emerged as fertile ground for ground chuck
…’ Survey:
A satisfied federal workforce (Washington Post) Indeed they should be since
they’re totally expendable and a waste of taxpayer money.
Return of the No-Volume Melt-Up
Momentum Book Update: Trend Indicators Still Pointing Negative
Employment Picture Is Getting Bleaker
The Debt Party Is Over ‘ … In a Ponzi scheme, the end comes
when the marginal investor decides to do something else with his money. Then
the house of cards stars falling apart. …’
Mattis: 'It's fun to shoot people' Washington Post - Ed
O'Keefe Jul 9, 2010 By Ed O'Keefe President Obama's pick
to lead military operations in Afghanistan, Iraq, Pakistan and the Middle East
is an experienced ground combat commander, but also earned a stern rebuke in
2005 for controversial comments about combat operations.
Gen. James Mattis is named head of US Central Command Los Angeles Times Blunt General Appointed to Lead Forces in Mideast New York Times
DRUDGEREPORT: BOMBSHELL: Media Mogul Mort Zuckerman Admits
He Wrote One Of Obama's Speeches... Were
White House Officials Ready to Expose Collaboration? Zuckerman Now: Obama Barely Treading
Water... MICHELLE TELLS BLACKS TO 'INCREASE INTENSITY' 6 troops killed in Afghanistan... DEM GOVS WARN: OBAMA SUIT VS. AZ IS 'TOXIC' Debt panel has gloomy outlook... Crisis Awaits World’s Banks as Trillions Come Due... G20 looks to Beijing to drive global growth … They’re
dreamin’! ...
They say ‘stocks oversold’. Preposterous!
Stocks have been overbought based on bad news or nothing at all, rallying on
‘not as bad as expected’. Even if that were true (I don’t believe anything they
say), who cares what the criminally insane frauds on wall street say what they
expect. It’s fundamentals, economic and financial, that ultimately count; but,
in the meantime, they’re like termites eating away at the nation’s foundation
with lightning fast computerized trade programs, all of which excessively huge
commission churn / earn revenues are a net negative for the economy in real
economic terms which is evidenced by unprecedented economic decline in all
productive sectors of the economy. This is a great opportunity to SELL / TAKE
PROFITS since this suckers rally to suck suckers in and keep them sucked in is
based on fraud and b*** s*** alone
and: ‘This is a global depression. This is a secular bear market in a
global depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn and
earn pass the hot potato scam / fraud as in prior crashes.’
Technical Indicators Trigger Major
Sell Signal ‘… In summary, the bearish picture is
confirmed by technical indicators, a fundamental outlook, sentiment gauges, and
valuations.Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to reach
the previously attained level of fair valuations …’ Simon
Maierhofer : ‘On Friday July 9, 2010, 4:32 pm EDT
It rarely ever happens, but when it does, it's serious. It has only happened
nine times in 10 years. We are referring to crossovers between the 200-day and
50-day simple moving averages (SMAs).Very few technical indicators receive as
much attention and media coverage as the 50 and 200-day SMAs. The 200-day MA is
perceived to be the dividing line between a stock that is technically healthy
and one that is not. It's a Big Deal It's a big deal when a
stock or an index drops below the 200-day SMA. It's an even bigger deal when
the 50-day SMA of any given stock or index drops below the 200-day SMA. Such a
crossover reflects internal weakness - at least in theory. We'll discuss in a moment
how the actual numbers match up with theoretic assumptions. On June 22, 2010,
the S&P 500 (SNP: ^GSPC) and Dow Jones (DJI: ^DJI) dropped below the
200-day SMA. One day later the Nasdaq (Nasdaq: ^IXIC) followed. On July 2,
2010, the 50-day SMA for the S&P (NYSEArca: SPY News DIA News QQQQ News Crossovers - Lagging but Notable Many argue that the SMA
crossover is a delayed signal that emphasizes past weakness more than it
foreshadows future declines. To an extent, that is true. There are other
warning signals that point to a market turn long before the SMA does. For
example, on April 16, 2010, the ETF Profit Strategy Newsletter noted an
extremely low put/call ratio along with other bullish sentiment extremes. The
newsletter stated that 'the message conveyed by the composite bullishness is
unmistakably bearish. Once prices start to fall and investors get afraid of
incurring losses, the only option is to sell (due to the low put/call ratio).
Selling, results in more selling. This negative feedback loop usually results
in rapidly falling prices.' Prices did fall rapidly. The 22 trading days
following the April 26 high, erased eight months worth of gains. It took a 17%
drop for the SMA crossover to trigger a sell signal. When the ETF Profit
Strategy Newsletter issued a strong buy signal on March 2, 2009, it emphasized
that the developing rally would be a counter trend rally followed by a steep
decline and maintained this viewpoint even though prices kept rallying
relentlessly into the April highs. The SMA crossover now expresses the
possibility that even lower prices are ahead. 200 and 50-day SMA
Crossovers - How Accurate? How about the SMA crossover track record? Over
the past 10 years, there have been nine S&P SMA crossovers with five sell
and four buy signals. We have yet to see the results of the most recent sell
signal. However, of the eight previous signals, six were correct. Average gains
following each signal were 14.91%. $10,000 invested according to the buy/sell
recommendations given right after the first sell signal was triggered on
October 30, 2000 at S&P 1,399, would be worth $24,769 today. More Than just
Crossovers If it sounds too good to be true, it often is. As is the case with
so many technical indicators, crossovers need to be viewed in context with
other indicators. In other words, take a step back and evaluate how crossovers
fit into the larger picture. The larger picture (going back to 2007) reveals
that trading volume associated with market declines has been generally high,
while trading volume seen during rallies has been generally low; a bearish
sign. Does Wednesday's 3.13% Rally Invalidate the Sell Signal? On Wednesday, the
S&P rallied 32 points or 3.13%. The Dow rallied 2.82%, while the Nasdaq
rallied 3.13%. Does this mean the bull market is back on track?Since the
April market top, we've seen about a handful of 2-3% bounces. All associated
gains were erased within a matter of days. Chances are this time will be the
same. In fact, some sort of bounce was to be expected. On July 5, the ETF
Profit Strategy Newsletter stated 'considering that the S&P is butting
against the 100-week SMA, lower accelerations band, 38.2% Fibonacci retracement
levels, round number resistance at 1,000, and weekly s1 at 994, there is a good
chance we will see some sort of a bounce develop from the 990 - 1,015 area.
Weekly r1 at 1,066 and pivot at 1,063 should serve as resistance.' This bounce
is in its later stages right now. What's Next? Let's revisit the larger
picture. Out of the nine leading industry sectors, seven have seen their 50-day
SMA cross below the 200-day SMA - financials (NYSEArca: XLF News XLK News XLP News XLB News XLU News XLE News XLV News XLY News XLI News Each sentiment measure is one piece of the
puzzle. The more pieces of the puzzle you have, the clearer the picture
becomes. Leading up to the April highs, nearly all sentiment indicators peaked,
painting a complete bearish picture. In summary, the bearish picture is
confirmed by technical indicators, a fundamental outlook, sentiment gauges, and
valuations. Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to reach
the previously attained level of fair valuations. The ETF Profit Strategy Newsletter ’
A
Market Forecast That Says ‘Take Cover’ New York Times
| We have entered a market decline of staggering proportions — perhaps the
biggest of the last 300 years.
Commercial Real Estate Loans Extend
and Pretend ‘… Courtesy of Thomson
/ Reuters Commercial Real Estate Loans –
Extend and Pretend Community banks have commercial real estate loans where the
borrower cannot make scheduled interest and principle payments. More than 50%
of all FDIC-insured institutions have loan pipelines that are 80% to 100%
funded. This is a measure of how banks are stuck with noncurrent assets, but
they are not classified that way. Instead, community banks are giving borrowers
more time to make their payments on the theory that it ’ s better to collect zero on some loans
rather than owning the real estate that collateralizes those loans. This
concept is dubbed “ extend and pretend ” hoping that the borrower will eventual pay
the loan back. Banks in this practice are known as “ Zombie Banks ” as they can ’ t lend, can ’ t lure in new
investors, and wait for the FDIC to knock on their doors on Friday afternoon.
This strategy includes stretching out loan maturities and allowing below-market
interest rates to slow the number of defaults and preserving the capital of
banks that would be expended if property had to become “ Other Real Estate Owned. ” As a result “ Loans 30
to 89 Days in Arrears ” and “ Noncurrent ” loans
are not growing as fast as they should be. The net result of these practices
masks the true toxicity of the Commercial Real Estate market. It ’ s not just the small banks that are employing “ extend and pretend ” tactics. I read
that the Bank of America (BAC “ performing ” even with collateral values below the
loan amounts. Extend and pretend is also known as kicking the can down the
road. It seems to me that we have wasted billions if not trillions in stimulus
money and bank bailouts when this money could have been used to actually fund
the completion of these projects. Such a plan would have cost tax payers much
less and would have kept Americans working on Main Street USA, as finishing
incompleted real estate projects are clearly “ shovel ready ”
projects. According to Foresight Analytics banks hold $176 billion of CRE loans
that could be declared toxic. This is the tip of the iceberg as the FDIC
Quarterly Banking Profile shows $1.09 trillion in nonfarm nonresidential real
estate loans and $418 billion in Construction & Development loans on the
books of our nation ’ s banks. About two-thirds of the CRE
loans are maturing between now and 2014, and are underwater. Commercial real
estate property values are down 42% from the October 2007 peak. At the end of
the first quarter 9.1% are delinquent up from 7% a year earlier. Bankers
justify “ extend and pretend ” saying that it ’ s better than
calling the loan and dumping more property on a depressed market. We need a
stronger economy to entice new investors to resurrect projects and to find new
demand for competed offices, hotels, condos etc which are the finished products
of completed CRE projects. Without a strong economic recovery these loans will
eventually have to be written off down the road. The problem is that while
these loans are on hold banks can ’ t justify new loans, which would be the engine of economic
growth. And the beat goes on. Disclosure: No positions ’
Light Volume Temptations: Dave's Daily ‘Volume still matters, doesn't it?
It seems not as the financial media ignores our light volume market in favor of
writing bullish headlines. With hedge funds mostly sidelined according to
reports posted here yesterday, the primary buyers must be trading desks on Wall
Street and a handful of algo traders. It's tempting to come off the sidelines
and join the fun but perhaps it's just the trap they're laying for you. A
headline at Reuters read this afternoon: "Weaker Economic Views Equals
Stronger 3-Year Note Sale". So, if equity markets are forward-looking one
must wonder what these few buyers are seeing beyond a short-term trade.
Headline writers say its strong earnings growth that will prop markets coupled
with rosy outlooks. That would have to be the case otherwise this is just a
sucker's rally. As stated, volume was holiday-like light (40% below average)
making it really easy for the machines to take over trading, and so they did
... ‘
Academics,
Politicians: Pending Global Treaty Threatens Free Internet, Fundamental Rights Steve
Watson | ACTA: Flagship of the growing internet censorship
armada. Two
Stories that Should Scare the Heck Out of You Greg Hunter
| I was sitting here trying to find a way to wrap up the week and then,
like a bolt of lightning, an idea hit me.Gold expert Jim Sinclair sent me this
story: “ Federal Budget Deficit Hits $1
Trillion For 1st 9 Months Of FY ’ 10. ” The story said, “ The shortfall, reflecting $2.6 trillion in outlays for the
first three quarters and $1.6 trillion in receipts, narrowed slightly compared
with the same point in fiscal 2009. ” So where did the “ shortfall ” come from? Try the more that 8 million who lost their
jobs. The story went on to say, “ . . . individual income and payroll tax receipts were down 4% over the
nine-month period, suggesting that wages and salaries have not improved to the
extent that corporate profits have. ” Corporate profits have “ improved ” because they laid-off all those workers!! (Click here for the entire Dow Jones Newswires story)
Sinclair says, “ Nothing has changed. Nothing has
been rescued. The can that is being kicked daily down the path is going to turn
around and bite the kickers. Gold is the only insurance. ” When things get bad enough, there will be more stimulus cash put into
the economy and more bank bailouts. Sinclair is like legendary football
quarterback Joe Montana – never bet against either of
them. Academics,
Politicians: Pending Global Treaty Threatens Free Internet, Fundamental Rights Over
90 academics, practitioners and public interest organizations from six
continents have collectively warned that a secretive global treaty, currently
being negotiated by governments of the world ’ s largest economies would see tight
controls placed on the internet and would threaten other fundamental rights and
freedoms. Economists,
Financial Experts: U.S. Is Trapped In 1932 Size Depression Following
Nobel Laureate Paul Krugman’ s declaration
last week that the U.S. is in entering a third period of great depression, more
and more economists are following suit, comparing the scale of the crisis to
that of the early 1930s. David
Icke onTV: Humanity’ s
Last Chance Infowars.com | Alex talks with writer,
public speaker, and former well-known BBC television sports presenter David
Icke. As
the United States Collapses, Media Worships LeBron James Infowars gives
the inside scoop on basketball MVP LeBron James’ pivotal trade
decision. America
Is In A Societal Meltdown Chuck Baldwin | America is
in the midst of a complete and total spiritual, societal, cultural, moral, and
political meltdown. Obama
Selects General Who Likes Killing Muslims to Centcom Kurt
Nimmo | Gen. Mattis has the same habit of speaking his mind as
McCrystal.The
Lights Are Going Out For Free Speech On The Internet Type the
keywords “ Internet censorship ” into Google
News and you will immediately understand to what degree the world wide web is
under assault from attempts by governments globally to regulate and stifle free
speech. From Australia to Belarus, from Turkey to Vietnam, from Pakistan to
Egypt, from Afghanistan to Iran, huge chunks of the Internet are going dark as
the Chinese model of Internet regulation is adopted worldwide. [Has everybody
lost their minds? Referring to the china model as something to be emulated. It ’ s true they are more productive than america, generally, but their
business model is almost prehistoric and the direct consequence of the great
american sell-out for money (the ‘ pass through ’ or direct) by those who ’ ve pledged otherwise (walmart,
congress, clinton, bush, wobama, etc.). Even some of their simplest products
are junk (but priced incredibly low to make the relative value) and seem to
have adopted that GM strategy of planned obsolescence, breakdown, etc., to spur
sales. Then there ’ s the communist faux capitalism
paradox, suppression, oppression, etc., which has even the defacto bankrupt,
pervasively corrupt, fallen america blindly following. Quite simply, their
ancient business model is slave labor. As for Iran, they are a relatively small
nation under collective siege.] US
taxpayers’ Afghan aid money buys
rich Afghans’ Dubai
villas You already might have heard that it costs the United States
$1 million for each solider per year in Afghanistan, to cover the cost of the
soldiers’ benefits, troop transports and
other materiel. Billions
of dollars secreted out of Kabul Spiegel
Online | Billions of dollars are being secreted out of Kabul to
help well-connected Afghans buy luxury villas in Dubai and then there are the
american recipients who are a bit more careful with their stash. DRUDGEREPORT: PAPER:
Optimism on hold; Recovery economy falters...
USA
marks 3rd-largest, single-day debt increase... Deficit
hits $1 trillion in June for second year... IMF presses US
to cut debt... NSA
INTERNET GRAB; SPY AGENCY SHIFTS TO DOMESTIC EAVESDROPPING...
CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... RESET: Russia slams
Clinton for 'groundless' comments... Mortgage
Delinquencies Rising Again as Home Prices Stay Flat... Roubini: Banks Too Big to Fail, Too Big
to Bail Out... COOKED APPLE: 103... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... US v. AZ...
The
New Civil Wars Within the West Gregory R. Copley |
Internecine civil wars are underway almost everywhere within the West, and most
virulently in the United States of America. On
Why America’ s 234th Birthday May Not
Have Many More To Follow Zero Hedge | It is my firm
belief that we have come to the “ end of the road ” for the financial system. Iran
says planes denied fuel in Germany, UK, UAE Reuters
| The claim could not be independently confirmed and was met abroad by
skepticism. [Europe really fell fast. They make Christians look like the
dumbest people in the world, along with the likes of ie., UAE if true (and
defacto bankrupt america). After all, this ‘ all for israel ’ mantra is contraindicated inasmuch as the hebrews
deny the very foundation of the Christian religion and indeed were behind his
crucifixion]. Banks
are Still at the Derivatives Casino (at Seeking Alpha)
[video]
Washington's Bungled Bank Bailout (at TheStreet.com)
ECRI Weekly Leading Index Growth Lowest in 13 Months Be on the Right Side of S&P Earnings Estimate Cuts
Inventory Cycle Has Run Its Course Harrison ‘… This is the scenario
I have been predicting for months now.
Double
Dip Recession and the Obama 2011 Budget (February 2010): The long and
short is that – come Summer – the inventory cycle’s thrust will have
dissipated. And if companies are not hiring by this time and consumer
spending is not increasing more robustly, then the state budgets, the
strategic defaults and all of the rest of that becomes a serious obstacle.
In my view, more likely than not, this will lead to another recession late
in 2010 or in 2011. And nothing in the President’s budget changes this
outlook.The
mindset will not change; a depressionary relapse may be coming (March
2010): the inventory cycle’s impact on GDP growth will attenuate. By the
second half of 2010, inventories will not add considerably to GDP.US
GDP growth rate is unsustainable; recovery will fade (April 2010): The
inventory cycle is already starting to fade. That means weak 1 or 2%
growth at best by Q4 2010. Unless job growth picks up tremendously by the
second half of the year, this recovery is in trouble.
David Rosenberg says the
ISM leads jobs . And, the latest jobs
numbers were weak .
I would be nonplused about the recent ISM data if it
weren ’t for the column
highlighted in red. Notice how the momentum for everything is slowing. Not just
the overall index, but new orders, production and employment …’
U.S.
Economy “ Is a Complete Disaster” Yahoo! Finance | The U.S. economy is in shambles
and Americans will continue to see high unemployment and lower living standards
in the years to come. America
is sinking under Obama’ s
towering debt I hope the White House is paying attention to the
latest annual Congressional Budget Office Long-Term Budget Outlook, which
offers a truly frightening picture of the scale of America ’ s national debt, with huge implications for the country ’ s future prosperity. 7.9
million jobs lost, many forever CNNMoney | The recession killed off 7.9
million jobs. It ’ s increasingly likely that many will
never come back. 50
Random Facts That Make You Wonder What In The World Has Happened To America The Economic
Collapse | For
those who still love this land (and there are a lot of us) it is heartbreaking
to watch America slowly die. BP,
Homeland Security, and Cops Work Together to Deny First Amendment Kurt Nimmo | BP, Homeland Security, the FBI ’ s Joint Terrorism Task Force, and local cops will now decide if it is
acceptable for journalists to take photographs. Will
G20 Police Succeed In Covering Up Reports of Rape and Torture? Infowars.com | Can authorities be allowed to
cover-up the Abu-Ghraib style incarceration methods Toronto police engaged in
during the G20 summit this past weekend, where women were arrested and
subsequently raped by male cops? Emergency
S.O.S.: America Falling to Foreign Bank Takeover –
Fourth of July Alex Jones breaks down the takeover by offshore
banking powers – newly empowered by Congress ’ banking “ reform, ” expanded taxes worldwide, as well as accelerated moves towards ending
the Dollar ’ s reserve status, including urging from a recent
United Nations report. More
than one-quarter don’ t
know who US gained independence from Every Fourth of July, Americans
gather to celebrate the country ’ s declaration of independence from … um, what country was that again? DRUDGEREPORT: TORN
ON FOURTH OF JULY: OBAMA DIVIDES NATION... Great
Republic in parlous state -- politically, economically...
YEAR
9: Petraeus in Afghanistan warns of tough mission... 'We are in this
to win' … Win what? The fact of america’s defacto bankruptcy and being there IS
failure no matter what they ultimately call this debacle ... Illinois
Stops Paying Its Bills... Facing
'outright disaster' amid budget crisis...
Turn On, Tune In...Nah, Just Drop Out … Discouraged workers at a new cycle high And small wonder. The
median unemployment duration went to a new all-time high (since the 1940s,
anyway, when that series begins) and shows no signs of slowing its ascent …
(Chart, source Bloomberg) …
YEAR 9: Petraeus in Afghanistan warns of tough mission
… What mission? What plan?.What strategy? National bankruptcy?… Mission
accomplished! ...
NY
Times’ Krugman: We Are Entering The Third Depression Recessions are
common; depressions are rare. [Correction: we’re already in a depression].
JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
Ron
Paul: 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198 Ron
Paul’s attempt to audit the Federal Reserve, which was previously co-sponsored
by 320 members of the House (HR 1207), failed by a vote of 229-198. All
Republicans voted in favor of the measure with 23 Democrats crossing the aisle
to vote with Republicans. 122 co-sponsors of HR 1207, all Democrats, jumped
ship and voted against the measure. The Future of Audit the
Fed Congressman Ron Paul discusses the latest in the efforts to get a
full and complete audit of the Fed as well as the future of Fed transparency.
Like Congressman Paul says, we’ve accomplished a lot of good with our movement,
and there’s many reasons to be optimistic for the future.
Ditch
the Buck! Dollar demise ‘a matter of months’ A report by the United
Nations says the American dollar should be ditched as the main global reserve
currency. It said that the global financial meltdown has exposed systematic
weaknesses, one of which is the reliance on the
greenback. G-20
is Relying on China To Drive the World Economy … But China Isn’t Looking So Hot
The G-20 is apparently relying on China to drive the world economy.
Middle
class families face a triple whammy Edmund Conway | Falling pensions, cuts and the banking crisis will
impoverish many families.
GOP chairman: Afghan 'war of Obama's choosing' (AP) -
Republican chairman Michael Steele drew criticism from within his own party
Friday, including calls to resign, after saying the 9-year-old commitment of
U.S. troops to Afghanistan was a mistaken ... [Steele is quite right and wobama
and war facilitators deserve criticism; not
Steele.] Pelosi:
Unemployment Checks Fastest Way to Create Jobs “ It creates jobs faster than almost any other
initiative you can name. ” [pelosi ’ s so ‘ in over her head ’ , burnt out, borderline senile,
etc.] Seventy
million expired flu vaccines about to be incinerated as waste [government
/ corporate welfare / fraud] Forty million doses of H1N1 swine flu vaccine are
about to go up in flames, and another 30 million will soon meet the same fate.
They ’ ve expired, you see, and despite the CDC ’ s best efforts to push flu
vaccines on the american people, the industry still couldn ’ t find a way to offload seventy
million doses of a vaccine that doesn ’ t even work. 50 Random Facts That Make You Wonder What In The World
Has Happened To America The Economic Collapse
July 2, 2010 Our world is changing at a pace that is so staggering these days
that it can be really hard to fully grasp the significance of what we are
witnessing. Hopefully the collection of random facts below will help you
to “ connect
the dots ”
just a little bit. On one level, the facts below may not seem
related. However, what they all do have in common is that they show just
how much the United States has fundamentally changed. Do you ever just
sit back and wonder what in the world has happened to America? The truth
is that the America that so many of us once loved so much has been shattered
into a thousand pieces. The “ land of the free and the home of the brave ”
has been transformed into a socialized Big Brother nanny state that is
oozing with corruption and has accumulated the biggest mountain of debt in the
history of the world. The greatest economic machine that the world has
ever seen is falling apart before our very eyes, and even when our politicians
actually try to do something right (which is quite rare) the end result is
still a bunch of garbage. For those who still love this land (and there
are a lot of us) it is heartbreaking to watch America slowly die. The following are 50 random facts that show just how
dramatically america has changed … .
#50) A new report released
by the United Nations is publicly calling for the establishment of a world
currency #49) — $7.25 an hour #48) tasered an 86-year-old disabled grandma in her bed ’ t breathe because they considered her to be a “ threat ” .#47) went negative for the first time since
1952 #46) ’ s Marine Management Organization has completely banned
it, so if there was a major oil spill in the North Sea, BP would not be able to use it #45) more than 40 million Americans are on food stamps #44) to buy $4,318 in “ Happy Birthday ” gift cards #43) to record how much malt liquor they drink and how much
pot they smoke each day #42) has risen to an all-time high #41) own less than 1 percent ’ s wealth.#40) now earns about twice as much #39) ’ s Social Security
benefit was paid for by 16 workers. Today, each retiree ’ s Social Security benefit is paid for by
approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers #38) and climb to an estimated $19.6 trillion by 2015 #37) actually has the gall to ask for online
donations #36) to study the mating decisions of cactus bugs #35) to combat terrorism #34) a 6-year-old girl from Ohio “ no fly ” list maintained by U.S. Homeland Security.#33) increased for the 16th consecutive quarter #32) spend twice as much #31) could reach as high as $1 trillion #30) that the offspring of cloned animals could be in our food
supply right now #29) to the lowest level ever
recorded #28) ’ s paycheck to the
average worker ’ s paycheck was about
30 to 1. Since the year 2000, that ratio has
ranged between 300 to 500 to one #27) maintaining lookout bases in
strategic locations #26) off limits to U.S. citizens #25) the credit card repayment calculator #24) roughly $615 million #23) The six biggest banks ’ s gross national product.#22) “ perfect quarter ” with zero days of trading losses #21) – a 32 percent increase over 2008 #20) private security contractors #19) “ civilian expeditionary force ”#18) and placed them under arrest #17) made up nearly 40 percent of all
home purchases #16) During
a recent interview with Larry King ’ s “ right ” to abortion.#15) could be up to 20 times higher #14) 43 percent of Americans #13) ’ s deposit insurance fund now has negative 20.7 billion dollars in it #12) gets tens of thousands of dollars a
year in oil royalties #11) to study the drinking habits of Chinese prostitutes to find out why gay men engage in risky sexual behavior
when drunk #10) that more than three billion
dollars in cash #9) ’ s Bureau of Transportation Statistics, the baggage check fees
collected by U.S. airlines shot up 33% #8) after they were forced to remove
their American flag T-shirts #7) approximately 50 percent of GDP #6) is now about 360 percent of GDP #5) was recently handcuffed and sent to
a mental facility #4) have been arrested by police #3) to recite the Pledge of Allegiance #2) are living below the poverty line #1) more than 50 million babies
Fed
Made Taxpayers Unwitting Junk-Bond Buyers Bloomberg
| So-called assets included collateralized debt obligations and mortgage-backed
bonds. Dollar
Plunges After UN Call To Ditch Greenback The dollar plunged today following
a United Nations report which called for the greenback to be replaced as the
global reserve currency by the International Monetary Fund’ s special drawing rights
(SDRs). National
debt soars to highest level since WWII The federal debt will
represent 62% of the nation ’ s economy by the
end of this year. Dollar
should be replaced as international standard, U.N. report says CNN
| The dollar is an unreliable international currency and should be replaced by
a more stable system, the United Nations Department of Economic and Social
Affairs said. Double
Dip Picking Up: Jobless Claims Spike To 472,000, On Expectations Of 455,000 Jobless
claims were a disaster, coming in at 472k, on expectations of 455k. Prior was
revised, surprise, surprise, higher to 459k from 457k. What is scariest is that
between extended benefits and EUC, now that Congress has turned off the
perpetual insurance spigot for the unemployed, dropped by -158,155 and
-217,513.‘ Jobless Recovery’ Myth as Banksters RAPE and ENSLAVE the Public! GET OFF YOUR
KNEES! ’ re told that this
will be a ‘ jobless recovery ’ with further job losses expected
before things get better. Well, if you believe that nonsense I ’ ve got a fantastic sundrenched beach on the growing
ice packs of Antarctica to sell you. How on earth can there be anything called
a jobless recovery? The simple answer is that there can ’ t! Study:
US media redefined torture after US started practicing it The US news
media radically changed how it reported on the issue of waterboarding after it
emerged that US forces had used the practice, says a new study from Harvard
University. The
Toronto G20 Riot Fraud: Undercover Police engaged in Purposeful Provocation Toronto
is right now in the midst of a massive government / media propaganda fraud. As
events unfold, it is becoming increasingly clear that the ‘ Black Bloc ’ are undercover police operatives engaged in
purposeful provocations to eclipse and invalidate legitimate G20 citizen
protest by starting a riot. Government agents have been caught doing this
before in Canada. Obama
Calls for Pentagon “ Civilian
Component” [Wow! Sounds like a plan … riiiiight!] Kurt Nimmo | Obama wants to send civilians to the occupation zones in
Iraq and Afghanistan. Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
New
jobless claims rise [again]... 'Surprise'...
Pending
home sales plunge record 30%...
Weak economic
data suggest 'recovery' fizzling... Fears
mount over slowing global demand...
UN
committee calls for dumping US dollar...
YEAR
9: Petraeus in Afghanistan warns of tough mission … What mission? What
plan?.What strategy? National bankruptcy?… Mission accomplished! ...
Six Months
to Go Until the Largest Tax Hikes in History...
SIX MONTHS TO GO UNTIL From Ryan Ellis on Thursday, July 1, 2010 4:15 PM
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVN5aBH3
In
just six months, the largest tax hikes in the history of America First Wave: Expiration of 2001 and 2003 Tax Relief Personal income tax rates will rise. The top income tax
rate will rise from 35 to 39.6 percent (this is also the rate at which
two-thirds of small business profits are taxed). The lowest rate will
rise from 10 to 15 percent. All the rates in between will also
rise. Itemized deductions and personal exemptions will again phase out,
which has the same mathematical effect as higher marginal tax rates. The
full list of marginal rate hikes is below:Higher taxes on marriage and family. The “marriage
penalty” (narrower tax brackets for married couples) will return from the first
dollar of income. The child tax credit will be cut in half from $1000 to
$500 per child. The standard deduction will no longer be doubled for
married couples relative to the single level. The dependent care and
adoption tax credits will be cut.The return of the Death Tax. This year, there is no
death tax. For those dying on or after January 1 2011, there is a 55
percent top death tax rate on estates over $1 million. A person leaving
behind two homes and a retirement account could easily pass along a death tax
bill to their loved ones.Higher tax rates on savers and investors. The capital
gains tax will rise from 15 percent this year to 20 percent in 2011. The
dividends tax will rise from 15 percent this year to 39.6 percent in
2011. These rates will rise another 3.8 percent in 2013.Second Wave: Obamacare twenty new or higher taxes in Obamacare The “Medicine Cabinet Tax” Thanks to Obamacare,
Americans will no longer be able to use health savings account (HSA), flexible
spending account (FSA), or health reimbursement (HRA) pre-tax dollars to
purchase non-prescription, over-the-counter medicines (except insulin).The “Special Needs Kids Tax” This provision of Obamacare
imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there
is no federal government limit). There is one group of FSA owners for
whom this new cap will be particularly cruel and onerous: parents of special
needs children. There are thousands of families with special needs
children in the United States, and many of them use FSAs to pay for special
needs education. Tuition rates at one leading school that teaches special
needs children in Washington, D.C. (National Child Research Center The HSA Withdrawal Tax Hike. This provision of Obamacare
increases the additional tax on non-medical early withdrawals from an HSA from
10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged
accounts, which remain at 10 percent.Third Wave: The Alternative Minimum Tax and Employer Tax Hikes The AMT will ensnare over 28 million families, up from 4 million last
year. According to the left-leaning Tax Policy Center Small business expensing will be slashed and 50% expensing will
disappear. Small businesses can normally expense (rather than
slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This
will be cut all the way down to $25,000. Larger businesses can expense
half of their purchases of equipment. In January of 2011, all of it will
have to be “depreciated.”Taxes will be raised on all types of businesses. There
are literally scores of tax hikes on business that will take place. The
biggest is the loss of the “research and experimentation tax credit,” but there are many, many others Tax Benefits for Education and Teaching Reduced. The
deduction for tuition and fees will not be available. Tax credits for
education will be limited. Teachers will no longer be able to deduct
classroom expenses. Coverdell Education Savings Accounts will be
cut. Employer-provided educational assistance is curtailed. The
student loan interest deduction will be disallowed for hundreds of thousands of
families.Charitable Contributions from IRAs no longer allowed.
Under current law, a retired person with an IRA can contribute up to $100,000
per year directly to a charity from their IRA. This contribution also
counts toward an annual “required minimum distribution.” This ability
will no longer be there.
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVMwYIhK
Investors get more gloomy & bearish We just had a very difficult three
month stretch for stocks. The S&P 500 fell 12% for the quarter as did
NASDAQ. The Shanghai Composite, China ’ s largest stock index, fell 22.9 in its
local currency, the yuan. The MSCI EAFE Index (foreign stocks) was down
14%. Given the negative news, it is not surprising that investors are becoming
more bearish on stocks. This chart from Bespoke is based on the weekly Investors
Intelligence survey, which is getting close to levels from a year
ago. This is not close the peak we reached in early 2009, but the mood is
definitely more negative now: [chart]
Double Dip on the Way There
were many events contributing to yesterday’s sell-off, and the most likely
culprits around the globe included more protests in Greece, continued to
concerns about Europe at large, and a downward revision (due to a calculation
error) of a leading economic indicator reading in China for the month of April.
But when it comes down to it, our own economy has yet to stand on solid ground.
While the recovery has continued to be shaky at best, recent economic readings
may be pointing to a double dip recession. Yesterday’s batch of economic data
seemed to be confirming that, as it brought a very dismal reading on consumer
confidence. June’s number stood at 52.9, far below expectations of 62.5, and
pointing to the consumers’ weariness about the job market, and economic
recovery in general. To go further, the previous reading for May was revised
downward, to 62.7 from 63.3. But the drop from May to June really sends the
message home: we’re not out of the woods yet. Earlier in the week, we saw
personal savings rates rise again, even while personal income growth was
meager. Americans, despite bringing home a little more cash, continued to save
more for the expected rainy days, and have yet to return to their spendthrift
ways. After yesterday’s precipitous selling, one would expect to see a bit of a
bounce in today’s trading session. That wasn’t the case, however, as more weak
data continued to dampen economic hopes. Today’s culprit was the ADP private
sector job report. The report stated that private payroll gains were muted in
June, with only 13,000 jobs added – far less than the 60,000 expected by
economists. While May’s reading was revised slightly upwards (to 57,000 hires
from previously reported 55,000), today’s release does not bode well for the
much anticipated report from the Bureau of Labor Statistics due out on Friday.
The non-farms payroll survey includes government workers and has been inflated in
recent months due to hiring for the 2010 Census … [chart] …The June report,
however, will reflect many of those workers being laid off in the past month.
In May, 431,000 jobs were added, but without support from temporary government
hires, economists are predicting job losses in June. Last week, consensus
estimates were for a loss of 70,000 jobs for the month. By yesterday, those
estimates were downgraded further, to 110,000. With the help of today’s ADP
report, expectations have continued to fall: economists now expect a reading of
negative 125,000 …
Barron's: Why the Market Will Keep Sliding Perry D- Barron's has a nice summary
It cites the predictions of SDK Captial's Dee Kessler:
--the massive fiscal and
monetary stimulus so liberally applied in 2008-2009 is starting to run out of
steam, with financial conditions tightening and leading economic indicators
pointing to a stretch of "anemic activity."
--"structural
headwinds," such as public and private deleveraging, higher taxes, greater
regulation and trade tensions.
--the well-publicized
woes of the European bloc, which accounts for 20% of the world's GDP, as
further evidence that the global economy, as he puts it, is downshifting.
--The period of easy
comparisons in corporate results, he says, is coming to a close,
--"Although the
fundamentals in the U.S., Europe and Japan are worse," Dee spots plenty of
downside in emerging markets and doesn't fancy the notion of decoupling.
--Come another financial
crisis, "the only policy response left will be to print money."
Which, of course, is what the gold bugs are counting on and why bullion has
glistened so brightly.
That about sums up the
outlook. The nice insight here is that anxiety over future economic malaise --
and the additional money printing that'll be done to mask it -- might be a
bigger factor than current inflationary pressure behind the surge in gold
prices.
In other words, for the
deflation-believers: deflation today? Perhaps. But big-time inflation tomorrow.
Disclosure: No positions
NY
Times’ Krugman: We Are Entering The Third
Depression Recessions are common; depressions are rare. [Correction:
we’ re already in a depression].
Stocks: Once More Up, Then the Big Down Smith -The ingredients for
a classic head and shoulders topping pattern in the stock market are all
present. That suggests one more rise and then a massive grinding move down to
2009 lows. Officially, of course, everything's peachy with the economy.
Europe is fixed, China is booming, consumer confidence is rising, and we are
encouraged to resume our borrow and spend ways as the economy will not
"double-dip" into recession. The economy will not slide into another
recession, we are reassured constantly, even though roughly 80% of Americans
don't think we ever left the recessionary quicksand. Please see "Two
Scoop Special": Double-Dip Recession Guaranteed (May 21, 2010) for
more … Exactly what drivers are there for
future gains in corporate profits? I can't think of any, short of Martians
landing and going on a shopping spree with gold they manufacture in their
spacecraft. On the negative side, we have:
1. The rising dollar is a huge headwind to sales in the eurozone and
elsewhere. …
GREECE
UNDER NEWS BLACKOUT: Here’ s
How An Eyewitness Describes Today’ s
Riots There are reports this morning of violent protests/riots in Greece,
once again. Here’ s how a source on the ground
describes the situation. Target
Tehran? Israel, US ‘ prepare
to attack Iran’ Reports are
circulating that the U.S is amassing a greater military presence in the Middle
East. The alleged build up is also rumoured to involve the Israeli use of Saudi
Arabian air space. It ’ s thought by some to be in
preparation for an attack on Iran. Kucinich:
‘ We are losing our nation to lies about the
necessity of war’ In
Afghanistan, corruption is rife. It is so abundant, in fact, that a senior US
lawmaker declared on Monday that she ’ d be freezing $3.9 billion in Afghan
aid dollars until the situation is addressed. Turkey
bans Israeli military flight from its airspace as freeze deepens Turkey
has banned an Israeli military flight from its airspace in apparent retaliation
for Israel ’ s interception of the Free Gaza flotilla last month,
in which nine pro-Palestinian Turkish activists were killed. Momentum Book Update: The Market Is a Mess and the Long Bond Is
About to Break Out … Not only do us swing traders have to fight the urge
to chase price action up, but lay off the keyboard trying to catch falling
knives in the relative strength stocks which are holding up. If you tried to
buy support in your favorite names this week, you got your hands cut up. I ’ ll
continue to rely on the understanding of my own emotions as they have served me
well. When we opened higher on Monday morning I knew I was in the right place,
cash, as the market was just way overbought. If you bought most relative
strength names last week, by the end of this week you were well underwater. So
where do we go from here? I ’ ve got no clue, the market is a
mess, the charts are a mess, and the long bond is about to break out. If that
happens all bets are off, we could see an “ event ” . If
the smart money is lining up at the exits and moving into bonds, there ’ s a good
chance they see something coming down the pipe …
SUITING UP FOR A POST-DOLLAR WORLD John Browne ‘The global
financial crisis is playing out like a slow-moving, highly predicable stage
play. In the current scene, Western governments are caught between the demands
of entitled welfare beneficiaries and the anxiety of bondholders who fear they
will be stuck with the bill. As the crisis reaches an apex, prime ministers and
presidents are forced into a Sophie's choice between social unrest and
bankruptcy. But with the "Club Med" economies set to fall like
dominoes, the US Treasury market is not yet acting the role we would have
anticipated. Our argument has always been that the US benefits from its
reserve-currency status, allowing it to accumulate unsustainable debts for an
unusually long period without the immediate repercussions of inflation or
higher borrowing costs. But this false sense of security may be setting us up
for a truly monumental crash. There is fresh evidence that time is running out
for the dollar-centric global monetary order. In fact, central banks outside
the US are already making swift and discrete preparation for a post-dollar
era.To begin, the People's Bank of China has just this week decided to permit a
wider trading range between the yuan and the dollar. This is the first step
toward ending the infernal yuan-dollar peg. While the impetus behind this
abrupt change remains a mystery, I have a sneaking suspicion that, as my
colleague Neeraj Chaudhary explained in his commentary
last week, the nationwide labor strikes were a prime motivator. In response to
the 2008 credit crunch, the Fed printed so many dollars that the People's Bank
of China was forced to drive Chinese inflation into double digits to maintain
the peg. The pain has fallen on China's workers, who have seen their wages
stagnate while prices for everything from milk to apartments have skyrocketed.
This week's move indicates that, regardless of its own policy motives, the
Communist Party can no longer afford to keep pace with the dollar's
devaluation. The result will be a shift in wealth from America to China, which
may trigger a long-anticipated run on the dollar, while creating investment
opportunities in China . Just days before China's announcement, Russian
President Dmitry Medvedev rattled his monetary sabre by telling the press of
his intention to lead the world toward a new monetary order based on a broad
basket of currencies. Giving strength to his claim, the Central Bank of Russia
announced that it would be adding Canadian and Australian dollars to its
reserves for the first time. Analysts suggest that the IMF may follow suit.
While Russia floats in the limbo between hopeless kleptocracy and emerging
economy, it does possess vast natural resources and a toe-hold in both Europe
and Asia. In other words, it will be a strategically important partner for
China as it tries to cast off dollar hegemony. Speaking of Europe, the major
powers there are moving toward a post-dollar world by rejecting President
Obama's calls to jump on America's debt grenade. The prescriptions coming from
Washington translate loosely to: our airship is on fire, so why don't you light
a candle under yours so that we may crash and burn together. Given that dollar
strength is largely seen as a function of euro weakness (as Andrew Schiff
discussed in our most recent newsletter ,
debt troubles in the eurozone's fringe economies have created a distorted
confidence in the greenback. However, as you might imagine, Europe has higher
priorities than being America's fall guy. Led by an ever-bolder Germany, the
European states are wisely choosing not to throw themselves on our funeral
pyre, but to wisely clean house in anticipation of China's rise. In another
ominous sign for the dollar, the Financial Times reported Wednesday that after
two decades as net sellers of gold, foreign central banks have now become net
buyers. What's more, more than half of central bank officials surveyed by UBS
didn't think the dollar would be the world's reserve in 2035. Among the
predicted replacements were Asian currencies and the euro, but - by far - the
favorite was gold. This is supported by Monday's revelation by the Saudi
central bank that it had covertly doubled its gold reserves, just about a year
after China made a similar admission. There is no reason to assume these are
isolated incidents, or that the covert trade of dollars for gold doesn't
continue. To the contrary, this is compelling evidence that foreign governments
are outwardly supporting the status quo while quietly preparing for the
dollar's almost-inevitable devaluation. What people like Paul Krugman believe
to be a return to medieval economics may, in fact, be the wave of the future.
In peacetime, hardened troops will likely tolerate a blowhard general for an
extended period; but when the artillery opens up with live ordnance, an
ineffectual leader risks rapid demotion. The newspapers are now riddled with
hints that foreign governments have lost faith in Washington and the dollar
reserve system. It seems to me only natural that after a century of war,
inflation, and socialism, the next hundred years would belong to those people
who hold the timeless values of hard money and fiscal prudence. Unfortunately,
our policymakers are not those people.’
China's
Hu Jintao Says Group of 20 Must Coordinate to Consolidate Recovery Bloomberg … How about the G195
countries in the world collectively be considered in this task of
coordination owing to the abject failure of the so-called G20 which have in
lockstep coordination precipitated this global crisis including the war
mongering, war criminal acts of the so-called nato allies et als, particularly
the u.s., and as well the likes of war criminal nation israel which have never
avoided a contra-indicated, anti-recovery war / conflict they could contrive /
rationalize. The so-called G7, 8, 9, 20, etc., are a pathetic bunch of
incompetent vegetables / jokers / showmen / clowns.
New
York Times reporter calls Zionist terrorism ‘ romantic’ A little-noticed comment in a New York
Times interview with Israeli opposition leader Tzipi Livni has critics arguing
that it shows the media has a “ double standard ” when it comes to terrorism. States
of Crisis for 46 Governments Facing Greek-Style Deficits Californians don’ t see much evidence that the worst economic contraction since the Great
Depression is coming to an end. Unemployment was 12.4 percent in May, 2.7
percentage points higher than the national
rate. Evans-Pritchard
Announces Fed Contemplating $5 Trillion QE Expansion In his latest column,
the Daily Telegraph ’ s A. Evans-Pritchard does a good job
of recapping all the various reasons why Bernanke has now completely cornered
himself, and facing a newly collapsing economy, is left with just one recourse:
the printing of more, more, more
paper. History
Tells US The Euro Will Not Survive, Greece Will Get Worse, And There Will Be A
Trade Shock With the PBoC ’ s currency announcement last
Saturday and the surge (!) in the value of RMB on Monday (all very kindly timed
to add zest to my meetings this week in Boston, New York, and Washington), you
would assume that today ’ s entry would be all about the RMB
and the effect of the PBoC announcement. The following is really the
quintessential question and issue, particularly in light of america’s defacto
bankruptcy and international law; but paramount humanitarian concerns alone
would militate against america’s current misguided course. Is Petraeus McChrystal’s Replacement or Obama’s? Paul
Craig Roberts | All of this drama is playing out despite the
continuing lack of any valid reason for the american invasions of Iraq and
Afghanistan.
Obama
Can Shut Down Internet For 4 Months Under New Emergency Powers President
Obama will be handed the power to shut down the Internet for at least four
months without Congressional oversight if the Senate votes for the infamous
Internet ‘ kill switch ’ bill, which was approved by a key
Senate committee yesterday Congressman
Rohrabacher: Almost All House Republicans Think Iraq War Illegal, Immoral Andrew
Napolitano ’ s new Saturday show on the Fox Business Network is
set to send shock waves through the political establishment this weekend when
his guest – Republican Congressman Dana Rohrabacher – reveals that almost all House Republicans now believe that the invasion
of Iraq was not only a mistake, but also illegal and
immoral. New
Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms The
government would have broad new powers to seize and wind down large, failing
financial firms and to oversee the $600 trillion derivatives
market. Israeli
Leaders Sued in Belgium for War Crimes Israeli
Leaders Sued in Belgium for War Crimes Former Prime Minister Ehud
Olmert, Israeli opposition leader Tzipi Livni and Defense Minister Ehud Barak
were among those charged with war crimes committed during the Gaza war in the
winter of 2008-09, the French daily Le Monde
reported. Congress
OKs sanctions on Iran’ s
energy, banks Congress on Thursday approved tough new unilateral
sanctions aimed at squeezing Iran’ s energy and
banking sectors, which could also hurt companies from other countries doing
business with Tehran. Cybersecurity
Measures Will Mandate Government “ ID
Tokens” To Use The Internet The move to
shut down and regulate the Internet, the only source of uncensored news and
truth, under a new government-controlled system has accelerated into high gear
with the announcement that the government’ s cybersecurity strategy revolves
around issuing Internet users with ID “ tokens ” without which
they will not be able to visit websites, the latest salvo against web freedom
which, in combination with Senator Joe Lieberman ’ s ‘ kill switch ’ bill, will serve to eviscerate the
free Internet as we know it. G-8
‘ fully believes’ Israel will attack Iran, says Italy PM Haaretz | World
leaders “ believe absolutely ” that Israel may decide to take military action against
Iran.
Britain
will not defeat Taliban and should open talks, says head of Army London
Telegraph | Britain and its allies will not defeat the Taliban with military
force and should soon open peace talks with insurgents in Afghanistan, the head
of the Army said yesterday. 3 SIGNS OF A SUCKER RALLY Simon
Maierhofer ‘ … AFTER
EXAMINING TECHNICAL EVIDENCE, SENTIMENT INDICATORS AND VARIOUS VALUATION METRICS,
IT BECOMES OBVIOUS THAT THE RECENT BOUNCE PROVIDES A SELLING, NOT BUYING
OPPORTUNITY ...’
Russell:
This Is One Of The Largest Tops In Stock Market History Richard Russell has grown very vocally bearish in recent
months. Earlier this year, Russell warned that the stock market was once again
becoming grossly overvalued despite its relentless new highs. Pragmatic Capitalism Earlier this year, Russell warned that the stock market
was once again “ We ’ re
now in the process of building one of the largest tops in stock market history.
The result, I think, will be the most disastrous bear market since the ‘ 30s,
and maybe worse. Question : “ What
could possibly be behind such a bear market? ” you ask. “ The
stock market is stirring up optimism on a weekly, if not daily basis, by not
falling apart. ” Answer :
This is the “ rest ” or “ dead zone ” I
was talking about. Bear markets don ’ t conclude in a day, a week
or a month. Months will go by, often adding to the bulls ’
optimism.I think the key element behind this great bear market will be the
complete destruction of all fiat currencies. This has been a long time coming.
Fiat currencies are “ wealth ”
created by man. They are created without sacrifice, without labor, without
risk, and without sweat. Basically they are an immoral device, created by
secretive bankers. If you watch the figures carefully, you ’ ll note the subtle deterioration. For
instance, the advance-decline ratio, although up slightly for the week, had a
relatively weak performance with the Dow up several hundred points over the
course of the week. And we broke the trendline in May (see the chart below
showing the cumulative advance-decline line for NYSE Common Stock only, which
is what we publish in our figures (courtesy of DecisionPoint —
www.decisionpoint.com). The vertical lines are Jan 2008, Jan 2009 and Jan 2010
as you move to the right on the chart. [CHART] My old friend, Bob
Prechter, is talking about Dow 400. I used to think this was an absurd joke. I
no longer think it ’ s a joke. The ultimate result will be a
primary bear market shocking in duration and extent. …’ Reports:
IAF Landed at Saudi Base, US Troops near Iran Border Arutz
Sheva | The Israeli Air Force recently unloaded military equipment at
a Saudi Arabia base, a semi-official Iranian news agency claimed
Wednesday. It’s
time for the world to take a close look at the despotic, totalitarian regime
that presently exists for the grandeur and wealth of a few while hiding behind
Islam as they betray same and Muslims everywhere. The time has come for regime
change in Saudi Arabia to yield a nation of and for the people of Saudi Arabia
and the glory of Islam.
[It should be noted, and there have been a multitude of other
instances, that I ’ m getting substantial ‘ attacks ’
vis-ŕ-vis my internet connection which has slowed dramatically these posts. I
don ’ t
think the interference is either accidental or just coincidental but consistent
with that similarly experienced by critics of corrupt defacto bankrupt america
of which I am one and not alone in that regard – slowing, militating against
the devastating truth about america. It should be noted that yet another
attempt by the criminal american government and related partners in crime to
silence an unwavering critic (to really understand america is to not be able to
stand pervasively corrupt and defacto bankrupt america and her failed criminal
cohort nations / lapdogs, ie., uk, eu, israel, etc.), in contravention of first
amendment rights / protections, and as in the RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] to cover up substantial crimes in which the government was / is also
involved. Some delays but a work-around is in
progress. I won’t forget this and a price will be paid, as continues to be
true. (6-22-10)THE
WORK-AROUND-IN-PROGRESS I ALLUDED TO IS NOW FOR THE MOST PART SUCCESSFULLY
COMPLETED BY WAY OF A DSL CONNECTION AND A DELL COMPUTER .] China To
Overtake USA In Manufacturing FT | The US remained
the world’ s biggest manufacturing nation by output last year,
but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory
production. When
will the SEC prosecute for market rigging? Michael Schmidt
| Are the large gold bullion banks working in collusion with the US Federal
Reserve to artificially torpedo the key rival to US dollar
hegemony? China To
Overtake USA In Manufacturing FT | The US remained
the world’ s biggest manufacturing nation by output last year,
but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory
production. Connecticut
vegetable lieberman: China Can Shut Down The Internet, Why Can’ t We …
(great logic from a totalitarian zionist)? Senator joe Zelig the
zionist israeli lieberman, co-author of a bill that would give President Obama
a kill switch ’ to shut down parts of the Internet, attempted to
reassure CNN viewers yesterday that concerns about the government regulating
free speech on the web were overblown, but he only stoked more alarm by citing
China, a country that censors all online dissent against the state, as the
model to which American should compare itself.
Mexican
drug cartel threatens to harm U.S. police officers who bust drug shipments
while off-duty New York Daily News | Mexican cartels
added a new twist to the drug war this week by threatening to kill U.S. cops
who seize their goods. Former
Israeli top spy calls for strike on Iran Israel should launch a
pre-emptive strike to prevent arch-foe Iran from going nuclear, a former head
of Israel’ s Mossad intelligence agency said on
Monday. Israel’ s Planned Attack on Iran from Caucasus Base
A week ago, Israel leaked to the press that they had permission from
Saudi Arabia to use their air space to attack Iran. The Saudi ’ s quickly denied this. Soros
Says ‘We Have Just Entered Act II’ of Crisis Bloomberg
| Soros said the current situation in the world economy is “eerily” reminiscent
of the 1930s. Gerald
Celente: U.S. Financial Markets to Collapse by End of 2010 Infowars.com
| Gerald Celente is a renowned trend forecaster, publisher of the Trends
Journal, business consultant and author who makes predictions about the global
financial markets and other events of historical
importance. Jobless
Claims in U.S. Decreased Last Week to 456,000 Bloomberg |
More Americans than anticipated filed applications for unemployment benefits
last week.
Market Outlook: Bearish Background to Bullish Storyline Sean
Hannon: ‘The last two weekly market
commentaries have discussed how the underlying trend of the market is now
bearish and all rallies should be used to sell stocks and reduce risks. With
nearly every news outlet spouting the bullish storyline, these articles served
as an outline of a disciplined investment strategy. Those who followed the
outline have done well as the Dow Jones Industrial Average (Dow), S&P 500,
and NASDAQ each declined over 5% since my initial warning. With the Dow still
stuck below the psychologically important 10,000 level and all three major U.S.
markets trading beneath their 200-day moving averages (MA), the bearish
backdrop is clear. Even if many are still looking for a rally, we should
understand that the primary trend is lower. Instead of focusing on how high
prices will rally, we should instead consider how much further prices can fall
…’
Greek
Default Seen by Almost 75% in Poll Doubtful About Trichet Global
investors have little confidence in Europe’s efforts to contain its debt crisis
or in European Central Bank President Jean-Claude Trichet, with 73 percent
calling a default by Greece likely. 12
Reasons Why The U.S. Housing Crash Is Far From Over Over the past
several months, many in the mainstream media have hailed the slight improvement
in the U.S. real estate market as a “housing
recovery”. US
Needs Austerity Too: Hedge Fund Strategist The United States will
have to adopt austerity measures similar to the ones taken in Europe, because
the problems faced are largely the same, Timothy Scala, macro-strategist at
Sophis Investments, told CNBC.com. Market
Analyst: ‘BP’s Not Going to Last as a Company More Than a Matter of Months’ We’ve
heard politicians, even conservative Republicans, suggest BP would be held
completely responsible for the devastation caused by the oil spill plaguing the
Gulf of Mexico, even if it means its very existence.
Israeli
Official Threatens to Kill Turkish PM Kurt Nimmo |
It is unprecedented for a top level state official to threaten a head of
another state with murder. US
Media Terrified Of Mentioning USS Liberty Do you know that an
american naval vessel was attacked by israel in international waters, 43 years
ago today, resulting in the deaths of dozens of american sailors
Arab lawmaker on flotilla sparks outrage in israel (AP) -
An Israeli-Arab lawmaker's decision to join hundreds of activists on a
pro-Palestinian flotilla has elevated her from relative political obscurity,
transforming her into the poster child for the ...
Why To Question the 2010 Stock Market Rally Why To Question the 2010
Stock Market Rally – Web Site Archived with Charts Click Here - In
the past year, we've written a lot about the similarity between the rally of
early 1930 and the one we had through April of this year. The early 1930 rally
came after the market had fallen nearly 50% in the fall of 1929. The spring
1930 rally took the market up nearly 50% again, to a level that was only about
20% below the previous peak. That rally, of course,
was also the biggest sucker's rally in history. After the market peaked in
April 1930, it crashed again, eventually ending up down 89% from the 1929 high
and more than 80% from the 1930 high. The
market did not reach the 1930 high again for another quarter of a century . The rally that recently ended in April 2010 came after
a crash that was actually slightly more severe than the 1929 crash (53% versus
48%). It took the market up nearly 80% from the low! The recent rally also
lasted longer than the 1930 rally did--a year, as opposed to 6 months … ] REMEMBER:
In 1930, They Didn’t Know It Was “The Great Depression” Yet In the
past year, we’ve written a lot about the similarity between the rally of early
1930 and the one we had through April of this year. Investment
Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire And Guns A
top investment banker has warned that the economic fallout of the sovereign
debt crisis could get so nasty over the next five years that people would be
wise to abandon the markets and instead buy land, barbed wire and
guns. DEBT
POISED TO OVERTAKE GDP Key
Indicators of a New Depression Neeraj Chaudhary |
Great Depression II developing into something far more devastating than its
predecessor You’re Being Decieved
Infowars.com | We’re heading over an economic cliff and
there’s nothing the government can or will do about it except
lie. The
Folly of Blindly Trusting the Government
‘What Does China Want?’ They want to speak to Rosanne
Rosanna Danna, of course! ‘Asian markets tumble on fears over Hungary’
…Riiiiight! Hungary’s the thing! … Rosanne Rosanna Danna, formerly of SNL fame
wanted in Asia to chime in with what her mama always used to say, ‘ It’s always
something ‘ . Of course, it matters little to the frauds on wall street what
the something is said to be since the reality is … ‘This is a global
depression. This is a secular bear market in a global depression. This was a
manipulated bull (s***) cycle in a secular bear market. This has been a
typically manipulated bubble as has preceded the prior crashes with great
regularity that the wall street frauds and insiders commission and sell into.
This is a typical wall street churn and earn pass the hot potato scam / fraud
as in prior crashes.’ ( It should be noted, and there
have been a multitude of other instances, that I’m getting substantial
‘attacks’ vis-ŕ-vis my internet connection which has slowed dramatically these
posts. I don’t think the interference is either accidental nor just
coincidental but consistent with corrupt defacto bankrupt america’s critics of
which I am one and not alone in that regard – slowing, militating against the
devastating truth about america.) Europe
is Heading for a Depression Despite a nearly-$1 trillion rescue operation,
financial conditions in the eurozone continue to deteriorate. All the gauges of
market stress are edging upwards and credit default swaps (CDS) spreads have
widened to levels not seen since the weekend of the emergency
euro-summit. Key
Indicators of a New Depression With the mainstream media focusing on the
country’s leveling unemployment rate, improving retail sales, and nascent
housing recovery, one might think that the US government has successfully
navigated the economy through recession and growth has
returned. Get Ready for a Double Dip This
is a global depression. This is a secular bear market in a global depression.
This was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn pass the hot potato scam /
fraud as in prior crashes.]
european
central banks intervened to shore up the ever more worthless euro, buying into
that fraudulent wall street b*** s*** story that that ‘s a good thing, rallying
stocks off their lows. It is amazing how dumb europe has become so quickly. An
exception is what I believe was Germany’s steps against derivatives, which
market according to a derivatives trader on the radio this day is a $40
trillion market (missed his name). To reiterate as applicable to yet another
fraudulent scheme previously stated, said market is paper on paper moving
around and generating commissions at lightning computerized speed but adding no
real value in real economic terms; again, the analogy of termites eating away
at the (nation’s) foundation is apposite. As such, that money has to come from
some real place and hence, the ever more frequent and larger crashes we are
seeing. Don’t forget that the worthless paper from previous such fraudulent
schemes now marked to anything is still out there in a magnitude some have
placed in the hundreds of trillions. The
Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A
‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3 money supply fell to $13.9 trillion from $14.2
trillion during the three months ending in April. [ This
is still an extraordinarily high level but … I don’t buy it. I believe the
printing presses have been working overtime to pump out ever more worthless
fiat currency and with the many trillions of worthless fraudulent paper still
out there and marked to anything. I further believe the same is being
surreptitiously used to supplant the fraudulent paper, the consequences of
which will be devastating, of course, as is invariably so in depressions in any
event. This scenario would also mean huge fraud accomplis. ]
Fiat
Money Supply Contracting at Great Depression Level The bankster
operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top
economic adviser, has told Congress to “grit its teeth” and approve a fresh
fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph.
Fiat
Money Supply Contracting at Great Depression Level Kurt Nimmo
| The Federal Reserve stopped publishing M3 figures back in 2006.
Sell in May and Go Away, Indeed [ I wasn’t
kidding; and, I’m still not kidding when I say: This is a great
opportunity to sell / take profits because there’s much worse to come! ] Forecasts from Dent,
Napier, and then Prechter: Depression is
Imminent The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in August
1982, and quite likely drop below 400 at one or more times during the bear
market. 10 Reasons to Worry About Margin
Growth … a good portion of these factors will likely impact
margins by the end of the year. I don’t believe this is adequately factored
into earnings estimates across the board. Given this, I believe we have seen
the highs for the year and next few quarters will be extremely volatile
... The frauds on wall street et als should be criminally
prosecuted, jailed, fined and disgorgement imposed. If that were so, they
wouldn’t be worrying about who wins / loses since those who fraudulently play,
invariably would (and should) pay. If they’re not prosecuted, everyone
loses.
POST MORTEM AND REVIEW Ricky :A post mortem is in order. The elements of this
worldwide con game are remarkably simple, not complex at all. Apparently you
only need a few things to make a mockery of the entire global economic system,
and big banks garnered these few important things through “regulatory capture”: 1) Unregulated, unenforced rules (particularly for
derivatives)
SELL IN MAY AND GO AWAY!
THE FORECASTS: Harry Dent, Jr.
Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the
Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top
research houses in Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800) Robert R. Prechter Jr. is author of a number of newsletters and books including
“Elliott Wave Principle” (1978) in which he predicted the super bull market of
the 1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear
Market” (1995) in which he predicted a slow motion economic earthquake, brought
about by a great asset mania, that would register 11 on the financial Richter
scale causing a collapse of historic proportions; and “Conquer the Crash: You
can Survive and Prosper in a Deflationary Depression” (2002) in which he
described the economic cataclysm that we are just beginning to experience and
advised how to position one’s self financially during that period of time.
According to the Debt Clock:
• Total national debt: $13 trillion • Debt per citizen: $42,026 • Debt per taxpayer: $117,982Total interest due: $1.9 trillionInterest per citizen: $2,211
Click here to see the Debt Clock, which is updated every
second.
• Total personal debt: $16.5 trillion • Total mortgage debt: $14.1 trillionTotal consumer debt: $2.45 trillionPersonal debt per citizen: $53,483Debt held by foreign countries: $4.07
trillion
TED OLSON SEEKING TO
OVERTURN CALIFORNIA'S PROPOSITION 8, WHICH LIMITS MARRIAGE TO A MAN AND A
WOMAN. After shilling for the corrupt u.s. government as solicitor general,
maybe he just wanted to go straight [Just Kidding!]. There is no immunity,
judicial or otherwise for criminal acts. Moreover, there is no sovereign
immunity for non-governmental acts as would include involvement in
the illegal drug and related crimes, ie., bribery, etc., and the supreme court
has so held against foreign nations in the context of the RICO statute but in
my RICO case olson the liar would shill otherwise, not that he really had to
worry in light of the pervasively corrupt and wastefully costly federal courts
which should be abolished. Roman Polanski freed after Swiss reject U.S.
extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this
result is the direct consequence of the growing global recognition of the
pervasiveness of corruption in american courts, state and federal, and america
generally; so much so, that said corrupt american courts cannot be relied on
anywhere, anytime. Indeed, my own sampling, though hardly random to be candid,
is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in these comments. Sen. Levin urges State Department to put
Afghan Taliban on list of terror groups (Washington
Post) Oooooh! … Sounds like a plan … and emanating from washington (and a
thriving Michigan jew no less) … who says they don’t do anything? … And,
consistent with that apocalyptic vision set forth in the Bible [albeit a book
of truth from a very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that was
guiding them and shone the bright ‘spotlight’ upon the manger with the Christ];
the jews and some other entity against the rest of the world for that final
Armageddon … oh, they’ll make that happen … it gets them through their day with
every step closer to apocalypse but not to the place called heaven will they
go. The end of this world? You might say america / israel / and theirs are
feverishly working on just that, one way or another! There is really no way to
rationalize or attempt to justify what america is / has become since they have
with open eyes chosen this contra-indicated course of ineluctable decline, from
illegal wars, to war crimes, to backing war criminal nations as israel, to huge
frauds, to war profiteering, to illicit drug trafficking and money laundering,
and this list goes on and on …: (Previously) I’d say this
alito vs. wobama is a tempest in a teapot inasmuch as alito is more than just a
lightweight, hack, liar, fraud etc., as set forth in the comments. alito is a
criminal who should have served / should be serving time in prison for
obstruction of justice, bribery, among other RICO violations. To alito, drug
money is as green as corporate money and worth his vote as well. In addition to
being an inept [I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches)] and
corrupt (see below and particularly the summary provided to the FBI under
penalty of perjury [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] ) u.s. attorney.
You’re naďve to think
that the so-called supreme court is any different from the rest of the
meaningfully lawless and pervasively corrupt american ‘system’. I knew well an
accomplished trial lawyer, fellow american college of trial lawyers / and a bar
examiner, who pondered from time to time becoming a judge “so he’d never have
to work again” – his words.
Some comments on
alito…all appropriate:
Probably the worst appointment in one
hundred years.
Posted by: mnjam
-----------------------
Really? That's a pretty sweeping
statement to make about someone who's only been on the court a short few years.
And I thought that liberals were in
universal agreement that Clarence Thomas was the worst appointment in all of
history?
Posted by: blert | January 28, 2010 2:11
AM | Report abuse
Should Alito resign or be impeached?
Manchurian
Candidates: Supreme Court allows China and others unlimited spending in US
elections Greg Palast | Our future elections may
come down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call
For Immediate Arrest of 5 Supreme Court Justices for Treason Gordon
Duff | The bloated corpse we are creating in Washington is emitting a
stench we can no longer abide. The aforesaid would be
shocking to anyone without a modicum of knowledge of the reality of pervasive
corruption within the u.s. courts themselves and america generally, including
all three branches of the u.s. government.Ron
Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US government,
and the intelligence agency needs to be “taken out.” I also personally
believe there has been a defacto coup d’etat which has manifested in
various substantial, blatant, brazened frauds, ie., wall street, missing 360
tons of $100 bills in Iraq, war profiteering, etc., without any fear of
prosecution, and of course concomitant decline for u.s. as the treasury is
looted. But I also believe its scope is beyond just the CIA with many complicit
within the corrupted 3 branches of u.s. government (fed judges, us attorneys,
illegal system, etc.) plus the military and private big money, ie., Goldman
Sachs / wall street men, etc., among other organized crime. america is defacto
bankrupt in every way! Rendition:
Where the War on Terror Meets the War on Drugs Patrick Henningsen
| It’s time to ditch the policies we have come to tolerate for decades before
they consume what is left of our moral core. I’ve experienced the corrupt
inter-relationship of the government (all 3 corrupt branches) and the illegal
drug trade / obstruction of justice / bribery first hand, particularly the
courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice –
quid pro quo for his complicity / cover-up), feds; see immediately after article
excerpt for links / summary. …“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the
Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the
British Government and the European Parliament as being involved in this
traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Again,
here is the important point: that same Gulf Stream II was one of the very same
planes chartered to the CIA for the rendition of suspected terrorists
prisoners. Gulf Stream II crashed in Mexico with 3 tons of
cocaine on board ..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics .,,These
flights are not subject to regular customs checks, inspections or normal
regulations as they move seamlessly between destinations in the US, Britain,
Europe, Middle East, Central Asia, Cuba and possibly through US bases in
Turkey, Greece and Morocco… Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA) Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies. There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea! How
does anyone take the u.s. seriously in light of their credibility problems, war
crimes, etc.? What nuke technology israel didn’t steal from the u.s., the u.s.
gave them along with missile, armaments, etc.. and paid for with taxpayer money
that u.s. taxpayers and the defacto bankrupt nation don’t have. It's time to expel
israel from the UN Without doubt, the israeli attack on the Gaza-bound
"Freedom Flotilla" in the dawn of Monday, May 31, 2010 is one of the
most savage crimes in recent history. It seems the ruling power in Tel Aviv has
been afflicted with a variant of mad cow disease; otherwise, how could it be so
cruel to unleash such a beastly raid on the "Mavi Marmara," the
Turkish flagship of a flotilla carrying medical and humanitarian supplies to
the hapless people of Gaza Strip?The
israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed
Israeli commandos, the elite of the elites, rappelled to the deck of a Turkish
ship carrying humanitarian relief supplies to the 1.5 million prisoners in the
Gaza concentration camp.You
think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of
the Center on Peace and Liberty at the Independent Institute in Washington DC,
gives his opinion on new sanctions imposed on Iran. I
include the first two comments to the foregoing headline:
Billo Says:
June 11th, 2010 at 6:15
am
Lunacy? Keep in mind
that this country is run and controlled by lunatics. Our press government and
military seem to take their orders from Israel. Isarel wants to be known as a
pack of “mad dogs. Do we want “mad dogs” controlling us?
Here
we see a bunch of phony accusations against Iran just like we did in the run up
to the bogus wars in Iraq, Afghanistan and now Pakistan. The boy has cried wold
ten thousand times. It’s time to identify the “lunatics” and kindly take away
the car keys. If you won’t let your friends drive drunk, why do we let a bunch
of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47
am
Lunacy it would be.
But it is also to their
great credit that the Iranians have not made their own threats.
Everyone knows there are
3 WMD threats, Nuclear Biological and chemical. The scariest of which is
Biological.
Any attack done under
the threat of immediate biological retaliation would deter only the insane.
Watch out america home
of the insane, home of the leaders who want an 80% population reduction.
General
McChrystal’ s Burning Contempt for
the Puppet Obama The farce that is the war in Afghanistan is coming apart
at the seams. General Stanley McChrystal’ s sharp comments
about Obama, Biden, and the administration published by Rolling Stone are not
so much about disrespect, as the script-reading corporate media talking heads
would have it, but rather about a policy in disarray in Afghanistan. Gaza blockade illegal,
must be lifted — UN rights official Israeli blockade of Gaza
unsustainable: White House US Jewish opinion
and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued that US
foreign policy has been hijacked by organized Zionism went strangely unnoticed
by the leading journal of American intellectual opinion, the New York Review of
Books. Doubts Grow Over Israel’s Value as U.S. Ally Jim
Lobe | The notion is that Israel and its actions have since the Cold
War increasingly become a “strategic liability” to U.S. interests in the
region.In
1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of
a Jewish state in Palestine, warned that, even though failure to go along with
the Zionists might cost President Truman the states of New York, Pennsylvania,
and California, it was about time that somebody should pay some consideration
to whether we might not lose the United States. Mr. Forrestal was absolutely
correct! Isn’t that exactly what’s happened to defacto bankrupt america in
intractable decline. TIME TO REVOKE AND NULLIFY THE BALFOUR
DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS
WORLD!
OOOOH! ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE
EAST IN SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL
SEES THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE; ESSENTIALLY SAYS TO THE
WORLD AND IRAN ‘TO PRESS ON WITH NUCLEAR AMBITIONS’.
The yardarm is the
remedy Dozens of our friends and comrades, of wonderful compassionate
activists are dead and wounded in the pirate attack in the high seas on
humanitarian aid boats. This is a dreadful crime that will forever be
remembered and should be punished. The Israeli pirates attacked the
humanitarian aid Freedom Flotilla in the international waters over 150 km out
of their territorial waters. The boats carried no arms; the participants
strictly adhered to Ghandian mode by asking the Greek and Cyprus authorities to
search the boats to avoid later claims that they were armed.
A
Plague Upon The World: The USA is a “Failed State” Dr. Paul
Craig Roberts | The American people are lost in la-la land. They have
no idea that their civil liberties have been forfeited. US
citizen killed on flotilla reportedly shot four times in head Raw
Story | A forensic report said Furkan Dogan was shot at close range,
with four bullets in his head and one in his chest, according to the Anatolian
news agency. The explanation foisted off on the americans by war criminal
israelis is probably something on the order of ‘they just wanted to make sure
they missed him’. Roberts:
‘AIPAC purchases US elections’ Russia Today | Paul
Craig Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US
funding terrorist group against Iran’ Press TV | A
member of a terrorist organization operating in Iran says that a US State
department radio station originally put him in touch with the group.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-ŕ-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And
don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so
it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian
DePalma already has ‘Mission to Mars’ in the can, but beware say the producers
of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with
astronaut Paddy Ross who has returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and
Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.Murder on the high seas
JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at
least 10 rights activists were killed, triggering a diplomatic crisis and an
emergency session of the UN Security Council. European nations, as well as the
United Nations and Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza StripIsraeli
American Microbiologist Linked to Deadly Fungus Kurt Nimmo
| A report links labs in the United States and Israel to the Cryptococcus gatti
fungus that has killed several people in the United States.Iraqi
doctors demand cancer probe Al Jazeera | Iraqi
doctors believe depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too true and
real; and I’m surprised this hasn’t gotten more attention, coverage … well,
maybe not that surprised ]."What
this means is that Neanderthals are not totally extinct. In some of us, they
live on ," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject. Previously
I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists, psychologists, etc.)
as neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.] BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST "CALIFORNIA/LA
DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].New
jobless claims rise [again]... 'Surprise'...
Pending
home sales plunge record 30%... Weak economic
data suggest 'recovery' fizzling... Fears
mount over slowing global demand... UN
committee calls for dumping US dollar... Six Months
to Go Until the Largest Tax Hikes in History... KRUGMAN:
'We are now, I fear, in the early stages of a third depression'... STOCKS HIT LOWEST OF YEAR... DEBT
SOARS TO HIGHEST LEVEL SINCE WWII... PRIVATE SECTOR SEES WEAKER JUNE JOBS... Sputtering...
Dow Loses 10% in Q2... Fed
Officials Express Caution on Outlook, Avoid Talk of Further Stimulus... NEW CLASHES IN ATHENS... Greeks
Walk Off Job... NEARLY
2,000 PAGES: The legislation would redraw how money flows through economy... Bank stocks soar … see new old opportunities for new old
frauds ... buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with Dipalma to
see if he already has the footage in the can since you won’t be able to use the
moon footage for the new boondoggle video ... WSJNBCNEWS:
Confidence Waning in Obama, U.S. Outlook... SCARY
OBAMA: 'VERY DIFFICULT CHOICES AHEAD' ON DEFICITS CHICAGOLAND BOMBSHELL: Obama knew plot to trade Cabinet post
for appointing Jarrett to Senate -- Testimony... RAHM DELIVERED THE LIST... BLAGO TAPE: Get Obama to fundraise from Buffett, Gates... Greece puts its islands up for sale in futile attempt to save
economy... DEUTSCHE BANK says US financial conditions are worse... New
home sales plunge 33%... Record
low... CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ... GEN.
PRAYFORUS JUNE:
DEADLIEST MONTH... Obama's
choice suggests longer troop presence... Obama doubles down
on war... New General,
Old Strategy... President's real problem: War plan in trouble... WIRES:
Gen.'s remarks echo troubled strategy... 'Doubt
among soldiers that counterinsurgency will work'... REPORT: Traded Favors with Blago... Sticker
Shock Among Dems Jeopardizing Obama's Agenda... CHINA
TO OVERTAKE USA IN MANUFACTURING... Canada's
economy suddenly the envy of world... Germany
Rejects Obama's Call on Growth, Stoking G-20 Conflict... States Take
Aim at Pension Costs... ...Bank
failure pace more than double last year REPORT:
Madoff tells cellmates of $9 billion stash... they all have them … Cases
against Wall Street lag despite Holder’s vows to target financial fraud FANNIE
AND FREDDIE tab 146B and rising; Foreclosed on home every 90 seconds... THOMAS
SOWELL: Is USA Now On Slippery Slope To Tyranny? DEBT RISE TO
$19,600,000,000,000.00 BY 2015 GALLUP: NEW LOW FOR O, SLIPS TO 44%... POLL:
Voter support for Congress at all-time low... GALLUP:
Obama's Weekly Job Approval Rating Skid... RASMUSSEN
POLL... Obama
Approval Falls to New Low: 42% Obama
Approval Index: -20 Strongly
Approve 24% Strongly
Disapprove 44% Total
Approval 42% UN rebukes of
Israel permitted in US policy shift... DEBT
POISED TO OVERTAKE GDP WH
PRESS QUEEN: JEWS GET OUT OF ISRAEL, GO BACK TO POLAND … UPON REFLECTION, A
GOOD IDEA … AFTER ALL, THE ENGLISH BALFOUR DECLARATION WAS A PRO-COMMUNIST
CONCESSION, A BAD IDEA, AND THE CREATION OF ISRAEL U.S. DOD CHIEF JAMES
FORRESTAL OPPOSED IN 1948 AS AN AMERICA KILLER! 'Three
Cheers for Helen Thomas'... Census
Worker Claims Job Numbers Being Inflated...
Bilderberg
2010: Between the sword and the wall... Protesters
'being detained, searched, questioned'... Final
List of Participants... Stephen Hawking: Aliens exist but don't talk to them --
it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s
inhumanity to man? … Such humble beginnings and evolutionary history …
What’s not to like? … Besides, not to worry. With their advanced
technologies that defy human understanding, the aliens already know you’re here
… to stay. So, not to worry. After all, as we know from that documentary of
that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on
earth in a very big way also going for it! ... Seeing
Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best,
decades .
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more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-19-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-18-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-17-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-13-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-12-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-11-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-10-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-9-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-6-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-5-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-4-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-3-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-30-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-29-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-28-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-27-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-23-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-22-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-21-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-20-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-19-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-16-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-15-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-14-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-13-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-12-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-09-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-08-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-07-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-06-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-05-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-02-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-01-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-30-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-29-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-28-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-25-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-23-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-22-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-21-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-18-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-17-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-16-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-15-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-14-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-11-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-10-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-9-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-7-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on 10-20-11.
} You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! The Daily Market Report
Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum Late
last night when party leaders and the President announced that they had reached
a bipartisan deal that would allow the debt ceiling to be raised, gold dropped
about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold
was out of favor…CBO scores the package as accomplishing $2.1 trillion in
spending cuts over the next 10-years, the CBO baseline also has the deficit
rising $6.7 trillion over the same period. The premise apparently being that
we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June… ’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider/ Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This is still a great opportunity to sell /
take profits since there’s much, much worse to come! Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INC. - INCOME STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. … USA
INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not
want to look at the Balance Sheet. Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the suckers
suckered in this market based upon backward looking data discounted multiple
times to the upside (including the apple numbers as recently as last week on
‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded QE
results, and b***s*** alone. This is an especially great opportunity to sell /
take profits since there’s much, much worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and that’s
just the government (inflation) numbers … reality is much worse!} Meanwhile,
the frauds on wall street are churnin’ and earnin’ like never before at
lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear
sailin’ otherwise moment; but the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
7-29-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
7-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the
same month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His technical
indicators suggest that the market manipulation we’ve seen over the last
several months is about to come to an end…and that means thousands of investors
are about to get clobbered. This correction could begin as soon as June 30th – so it’s important that you take action now to
prepare yourself. StealthStocksOnline.com
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
]
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
6-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
]
Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs The Daily
Ticker (6/1/11) Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends / [
What a difference a day makes: previous (May 31,2011) Globally, and in
fraudulent america particularly, the stock markets / bourses are a total joke
as they try to window dress their end of month figures based on b*** s***
alone. We’ve seen this before as it played out in the prior phase of this
ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than
expectations … and don’t forget, that includes the dollar debasing realities
which makes this report even more dire. Take this ‘me too’ pop on fraudulent
wall street as an especially great opportunity to sell, take profits since
there is much, much worse to come. Remember: ‘sell in May and go away’ … so …
don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of crude
oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
5-31-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
]
Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry remains relatively high, meaning now is the
time to look for stock market bargains.
now QE2 countdown clock .)first LinkedIn
(LNKD It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on Japan moving
forward "Green Acres is the place for me." “Animal House, Animal House.” Lloyd
Khaner prices
http://image.minyanville.com/assets/FCK_Jan2011/Image/Lila2/Wall.May31.jpg ‘
5-27-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm
) ]
YAHOO
[BRIEFING.COM] ‘…Pending home sales for April plummeted a much
sharper-than-expected 11.6%…’ Debased dollar, hyperinflationary realities
and expectations rallies stocks on the
bad news. Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
5-26-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored as to size by google
which is typical for google as nsa / cia / gov’t shill as more are becoming
aware of. The same is true for microsoft, another co. that’s seen their best
days and relies on the government to maintain their monopoly. Up to now the
better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but without
formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11 - you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 as the new year
starts anew (and prospectively archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf ]
Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
4-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored as to size by google
which is typical for google as nsa / cia / gov’t shill as more are becoming
aware of. The same is true for microsoft, another co. that’s seen their best
days and relies on the government to maintain their monopoly. Up to now the
better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but without
formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11 - you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 as the new year
starts anew (and prospectively archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf ]
[ Drudgereport: GALLUP:
Unemployment at 10.0%; underemployment 19.3%... Who do you believe? ] … particularly that huge fudge factor; viz.,
that ubiquitous 'stopped looking' category … granted there are some
'window-dressing' jobs created at huge uneconomic cost with the reality going
something like this: government give contract to company that will cover the
costs of the domestic jobs created using funds they don't really have
(borrowed, one way or another, and piled on to the already insurmountable debt
of a nation that is already defacto bankrupt), to produce goods which could be
produced better and cheaper elsewhere (there isn't anything that can't be
produced outside this country better, more efficiently, and cheaper). This is
doubly inflationary since, first, the goods are uneconomically more costly, and
second, whether borrowed or printed, the increased paper and lesser real value
thereof is also inflationary. That said, I don't even believe their headline
number and the unemployment rate they give is irrelevant and wholly inaccurate
(that 'stopped looking fudge factor', etc.). Then there is the b*** s***
concerning treasury turning a profit on the (ongoing fed / pomo / wall street)
bailouts that taxpayers have and will continue to pay for in higher prices from
oil to grains to other commodities to fewer jobs, now and in the future. There
is no modern day alchemy that 'spins more paper into gold'. That value has to
come from some place; viz., you! Light
Volume Rally Continues: Dave's Daily ' ...The Fed has injected $500 billion
(another $7B in POMO Wednesday) to the financial system since January
2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to
close things out puts a smile on investors' faces and bonuses in portfolio
managers' pockets. Painting the tape and window dressing is against the law …
ADP data has misled before but Wall Street is awash with cash from on high and
finds little other place to invest beyond stocks...' M&A,
Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--nifty trick eh? With all the geopolitical and nuclear events
going on little noticed was Fed "stress tests" of financial
institutions to see if they were healthy enough to buy back shares and pay
dividends. Making the matter sinister and less transparent is their gag order
on the entire process. The Fed also has some toxic waste they'd like to sell you’ … 19
Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed
Reserve is or why it is at the heart of our economic problems. When Americans
get into discussions about the economy, most of them still blame either the
Democrats or Republicans for inflation, for the housing crash, for our rampant
unemployment and for the national debt. The
Economic Collapse ]
In 1948 , U.S. Secretary of Defense James Forrestal, an opponent of
the creation of a Jewish state in Palestine, warned that, even though failure
to go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody should pay
some consideration to whether we might not lose the United States. Mr.
Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto
bankrupt america in intractable decline. 1948 , U.S. Secretary of Defense James Forrestal, an opponent of
the creation of a Jewish state in Palestine, warned that, even though failure
to go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody should pay
some consideration to whether we might not lose the United States. Israeli
actions over the past 53 years involving U.S. interests in the Middle East
seriously challenge the "strategic asset" premise of the Israeli
lobby. Some of these actions are compiled in the list that follows: September 1953 : Israel illegally begins to divert the waters of the
Jordan River. President Eisenhower, enraged, suspends all economic aid to
Israel and prepares to remove the taxdeductible status of the United Jewish
Appeal and of other Zionist organizations in the United States. October 1953: Israel raids the
West Bank village of Kibya, killing 53 Palestinian civilians. The Eisenhower
administration calls the raid "shocking," and confirms the suspension
of aid to Israel. July 1954: Israeli agents firebomb American and British
cultural centers in Egypt, making it look like the work of the Egyptian Muslim
Brotherhood in order to sabotage U.S.- -Egyptian relations. October 1956: Israel
secretly joins with England and France in a colonial-style attack on Egypt's
Suez Canal. Calling the invasion a dangerous threat to international order, President Eisenhower forces Israel to relinquish most of
the land it had seized. 1965: 206 pounds of weapons grade uranium disappear from
the Nuclear Materials and Equipment Corporation plant in Pennsylvania. Plant
president is Zalmon Shapiro, a former sales agent for the Israel Defense
Ministry. C.I.A. Director Richard Helms later charges that Israel stole the
uranium. March 1978: Israel invades
Lebanon, illegally using U.S. cluster bombs and other U.S. weapons given to
Israel for defensive purposes only. 1979 : Israel frustrates U.S.-sponsored Camp David Accords by
building new settlements on the West Bank. President Carter complains to
American Jewish leaders that, by acting in a "completely irresponsible
way," Israel's Prime Minister Begin continues "to disavow the basic
principles of the accords." 1979 : Israel sells U.S. airplane tires and other military
supplies to Iran, against U.S. policy, at a time when U.S. diplomats are being
held hostage in Teheran. July
1980 : Israel annexes East
Jerusalem in defiance of U.S. wishes and world opinion. July 1981 :
Illegally using U.S. cluster bombs and other equipment, Israel bombs P.L.O.
sites in Beirut, with great loss of civilian life. December 1981 :
Israel annexes Syria's Golan Heights, in violation of the Geneva Convention and
in defiance of U.S. wishes. June
1982 : Israel invades Lebanon a
second time, again using U.S. cluster bombs and other U.S. weapons. President
Reagan calls for a halt of all shipments of cluster bomb shells to Israel. September 1982 :
Abetted by Israeli forces under the control of Defense Minister Ariel Sharon,
Lebanese militiamen massacre hundreds of Palestinians in Beirut's Sabra and
Shatila refugee camps. President Reagan is horrified and summons the Israeli
ambassador to demand Israel's immediate withdrawal from Beirut. September 1982 :
Israeli Prime Minister Menachem Begin rejects President Reagan's Peace Plan for
the occupied territories . January-March 1983 : Israeli army "harasses" U.S. Marines in
Lebanon. Defense Secretary Caspar Weinberger confirms Marine commandant's
report that "Israeli troops are deliberately threatening the lives of
American military personnel . . . replete with verbal degradation of the
officers, their uniforms and country." March 1985 :
Israeli lobby in Washington pressures the U.S. Congress to turn down a $1.6
billion arms sale to Jordan, costing the U.S. thousands of jobs, quite apart
from the financial loss to American industry. Jordan gives the contract to
Russia. A frustrated King Hussein complains: "The U.S. is not free to move
except within the limits of what AIPAC [the Israeli lobby], the Zionists and
the State of Israel determine for it." October 1985 :
Israeli lobby blocks $4 billion aircraft sale to Saudi Arabia. The sale,
strongly backed by the Reagan administration, costs the U.S. over 350,000 jobs,
with steep financial losses to American industry. Saudi Arabia awards contract
to England. November 1985: Jonathan Jay
Pollard, an American recruited by Israel, is arrested for passing highly
classified intelligence to Israel. U.S. officials call the operation but
"one link in an organized and well-financed Israeli espionage ring
operating within the United States." State Department contacts reveal that
top Israeli defense officials "traded stolen U.S. intelligence documents
to Soviet military intelligence agents in return for assurances of greater
emigration of Soviet Jews." December 1985: U.S. Customs in three states
raid factories suspected of illegally selling electroplating technology to
Israel. Richard Smyth, a NATO consultant and former U.S. exporter, is indicted
on charges of illegally exporting to Israel 800 krytron devices for triggering
nuclear explosions. April 1986: U.S. authorities arrest 17 persons, including a
retired Israeli General, Avraham Bar-Am, for plotting to sell more than $2
billion of advanced U.S. weaponry to Iran (much of it already in Israel).
General Bar-Am, claiming to have had Israeli Government approval, threatens to
name names at the highest levels. U.S. Attorney General of New York calls the
plot mind-boggling in scope. July 1986: Assistant Secretary of State Richard
Murphy informs the Israeli ambassador that a U.S. investigation is under way of
eight Israeli representatives in the U.S. accused of plotting the illegal
export of technology used in making cluster bombs. Indictments against the
eight are later dropped in exchange for an Israeli promise to cooperate in the
case. January 1987: Israeli
Defense Minister Yitzhak Rabin visits South Africa to discuss joint nuclear
weapons testing. Israel admits that, in violation of a U.S. Senate
anti-apartheid bill, it has arms sales contracts with South Africa worth
hundreds of millions of dollars. Rep. John Conyers calls for Congressional
hearings on Israel-South Africa nuclear testing. November 1987 :
The Iran-Contra scandal reveals that it was Israel that had first proposed the
trade to Iran of U.S. arms for hostages. The scandal becomes the subject of the
Tower Commission Report, Senate and House investigations, and the Walsh
criminal prosecution inquiries. April
1988 : Testifying before U.S.
Subcommittee on Narcotics, Terrorism and International Operations, Jose
Blandon, a former intelligence aide to Panama's General Noriega, reveals that
Israel used $20 million of U.S. aid to ship arms via Panama to Nicaraguan
Contras. The empty planes then smuggled cocaine via Panama into the United
States. Pilot tells ABC reporter Richard Threlkeld that Israel was his primary
employer. The arms-for-drugs network is said to be led by Mike Harari,
Noriega's close aide and bodyguard, who was also a high officer in the Israeli
secret services and chief coordinator of Israel's military and commercial
business in Panama. June 1988 : Mubarak Awad, a Palestinian-American advocate of
nonviolence, is deported by Israel. The White House denounces the action,
saying, "We think it is unjustifiable to deny Mr. Awad the right to stay
and live in Jerusalem, where he was born." June 1988 :
Amnesty International accuses Israel of throwing deadly, U.S.-made gas
canisters inside hospitals, mosques, and private homes. The Pennsylvania
manufacturer, a major defense corporation, suspends future shipments of tear
gas to Israel. November 1989 : According to the Israeli paper Ma’ariv, U.S. officials
claim Israel Aircraft Industries was involved in attempts to smuggle U.S.
missile navigation equipment to South Africa in violation of U.S. law. December 1989 :
While the U.S. was imposing economic sanctions on Iran, Israel purchased $36
million of Iranian oil in order to encourage Iran to help free three Israeli
hostages in Lebanon. March 1990 : Israel requests more than $1 billion in loans, gifts, and
donations from American Jews and U.S. government to pay for resettling Soviet
Jews in occupied territories. President Bush responds, My position is that the
foreign policy of the U.S. says we do not believe there should be new
settlements in the West Bank or East Jerusalem. June 1990 :
Officials in the Bush administration and in Congress say that Israel has
emerged as leading supplier of advanced military technology to China, despite
U.S.'s expressed opposition to Israeli-Chinese military cooperation. September 1990 :
Israeli Foreign Minister David Levy asks the Bush administration to forgive
Israel's $4.5 billion military debt and dramatically increase military aid.
Israeli Defense Minister Moshe Arens expresses concern over expected $20
billion in U.S. arms sales to Saudi Arabia and asks for an additional $1
billion in military aid to Israel. Facing rising congressional opposition,
White House backs off from plan to sell Saudi Arabia over $20 billion in
military hardware. Bush administration promises to deliver additional F-15
fighters and Patriot missiles to Israel, but defers action on Israel's request
for more than $1 billion in new military aid. Arens questions U.S.'s commitment
to maintain Israel's military advantage in the Middle East. October 1990 :
Aliya cabinet chair Ariel Sharon encourages increase in settlement of Soviet
Jews in East Jerusalem, despite his government's assurances to the U.S. that it
would not do so. Bush sends personal letter to Prime Minister Shamir urging
Israel not to pursue East Jerusalem housing. Shamir rejects appeal. November 1990 :
In his new autobiography, former President Reagan says Israel was the
instigator and prime mover in the Iran-Contra affair and that then-Prime
Minister Shimon Peres was behind the proposal. January 1991: White House
criticizes Israeli ambassador Zalman Shoval for complaining that U.S. had not
moved forward on $400 million in loan guarantees and that Israel had not
received one cent in aid from allies to compensate for missile damage (in Gulf
War). U.S. says comments are outrageous and outside the bounds of acceptable
behavior. February 1991: Hours after long-disputed $400 million loan guarantees to
Israel are approved, Israeli officials say the amount is grossly insufficient.
Next day, Israel formally requests $1 billion in emergency military assistance
to cover costs stemming from the Gulf War. March 1991: Israeli government
rejects President Bush's call for solution to Arab-Israeli conflict that
includes trading land for peace. In a report to Congress, U.S. State Department
says Soviet Jewish immigrants are settling in the occupied territories at a
higher rate than the Israeli government claims. During tour of West Bank
settlements, Housing Minister Sharon says construction of 13,000 housing units
in occupied territories has been approved for next two years. Plans contradict
statement by Prime Minister Shamir, who told President Bush that the Israeli
government had not approved such plans. April 1991: Prime Minister Shamir and
several members of his cabinet reject U.S. Secretary of State Baker's
suggestion that Israel curtail expansion of Jewish settlements in the occupied
territories as gesture for peace. U.S. calls new Jewish settlement of Revava an
obstacle to peace and questions Israel's timing, with Secretary Baker due to
arrive in Israel in two days. Hours before Baker arrives, eight Israeli
families complete move to new settlement of Talmon Bet. U.S. ambassador to
Israel William Brown files an official protest with the Israeli government
about establishment and/or expansion of settlements in the West Bank. Housing
Minister Sharon says Israel has no intention of meeting U.S. demands to slow or
stop settlements. Secretary Baker, in a news conference before leaving Israel,
says Israel failed to give responses he needed to put together a peace
conference. May 1991 : Israeli ambassador to U.S. Zalman Shoval says his country
will soon request $10 billion in loan guarantees from Washington to aid in
settling Soviet Jewish immigrants to Israel. Secretary Baker calls continued
building of Israeli settlements ?largest obstacle? to convening proposed Middle
East peace conference. May 1991 : President Bush unveils proposal for arms control in
Middle East. U.S. administration confirms that Israel, which has not signed the
Nuclear Non-Proliferation Treaty, has objected to provision on nuclear weapons.
June 1991 : Prime Minister Shamir rejects President Bush's call for
Israeli acceptance of a greater United Nations role in proposed Arab-Israeli
peace talks. July 1991: Israeli Housing Minister Sharon inaugurates the new
Israeli settlement of Mevo Dotan in the West Bank one day after President Bush
describes Israeli settlements as counterproductive . September 1991 :
President Bush asks Congress to delay considering Israeli loan guarantee
request for 120 days. Ignoring pleas of U.S. administration, Israel formally
submits its request. Prime Minister Shamir says U.S. has a moral obligation to
provide Israel with loan guarantees, and that Israel would continue to build
settlements in the occupied territories. October 1991: The Washington Post
reports that President Bush waived U.S.-mandated sanctions against Israel after
U.S. intelligence determined that Israel had exported missile components to
South Africa. November 1991: Hours after concluding bilateral talks with Syria,
Israel inaugurates Qela, a new settlement in the Golan Heights. Secretary of
State Baker calls the action provocative. February 1992: Secretary of State
Baker says U.S. will not provide loan guarantees to Israel unless it ceases its
settlement activity. President Bush threatens to veto any loan guarantees to
Israel without a freeze on Israel’s settlement activity. March 1992 :
U.S. administration confirms it has begun investigating intelligence reports
that Israel supplied China with technical data from U.S. Patriot missile
system. April 1992: State Department Inspector issues report that the
department has failed to heed intelligence reports that an important U.S. ally
widely understood to be Israel was making unauthorized transfers of U.S.
military technology to China, South Africa, Chile, and Ethiopia. May 1992 :
Wall Street Journal cites Israeli press reports that U.S. officials have placed
Israel on list of 20 nations carrying out espionage against U.S. companies.
June 1992: U.S. Defense Department says Israel has rejected a U.S. request to
question former General Rami Dotan, who is at center of arms procurement
scandal involving U.S. contractors. July 1992: General Electric Company pleads
guilty to fraud and corrupt business practices in connection with its sale of
military jet engines to Israel. A GE manager had conspired with Israeli Gen.
Rami Dotan to divert $27 million in U.S. military aid with fraudulent vouchers.
U.S. Justice and Defense Departments do not believe that Dotan was acting in
his own interest, implying that the government of Israel may be implicated in
the fraud, which would constitute a default on Israel's aid agreements with the
U.S. June 1993: U.S. House of Representatives passes bill authorizing $80
million per year to Israel for refugee settlement; bill passes despite $10
billion in U.S. loan guarantees to Israel and against evidence from Israeli
economists that Israel no longer needs U.S. aid. October 1993: CIA informs Senate Government Affairs
Committee that Israel has been providing China for over a decade with several
billion dollars worth of advanced military technology. Israeli Prime Minister
Rabin admits Israel has sold arms to China. November 1993: CIA Director James
Woolsey makes first public U.S. acknowledgement that Israel is generally
regarded as having some kind of nuclear capability. December 1993: Time
magazine reports convicted spy Jonathan Pollard passed a National Security
Agency listing of foreign intelligence frequencies to Israel that later was
received by Soviets, ruining several billion dollars of work and compromising
lives of U.S. informants. December 1994: Los Angeles Times reports Israel has given China
information on U.S. military technology to help in joint Israeli-Chinese
development of a fighter jet .
January 1995: When Egypt threatens not to sign the Nuclear Non-Proliferation
Treaty because Israel will not sign, the U.S. says it will not pressure Israel
to sign. July 1995: U.S. Ambassador to Israel Martin Indyk demands Israel
abolish import barriers that discriminate against U.S. imports. November 1995: Israel grants citizenship to American spy
Jonathan Pollard. April 1996 :
Using U.S.-supplied shells, Israel kills 106 unarmed civilians who had taken
refuge in a U.N. peace-keeping compound in Qana, southern Lebanon. U.N.
investigators, Amnesty International, and Human Rights Watch condemn the
shelling as premeditated. The U.N. Security Council calls on Israel to pay
reparations. Resolution is vetoed by the United States. June 1996: U.S. State
Department hands Israeli defense officials classified CIA report saying Israel
has given China U.S. military avionics, including advanced radar-detection
system and electronic warfare equipment. Netanyahu says
international opposition ‘will just strengthen my resolve.’ June 1997: U.S. investigators report that two Hasidic Jews
from New York, suspected of laundering huge quantities of drug money for a
Colombian drug cartel, recently purchased millions of dollars worth of land
near the settlements of Mahseya and Zanoah. September 1997: Jewish settlers in
Hebron stone Palestinian laborers working on a U.S.-financed project to
renovate the town’s main street. David Muirhead, the American overseeing the
project, says the Israeli police beat him, threw him into a van, and detained
him until the U.S. Consulate intervened. U.S. State Department calls the
incident simply unacceptable. September 1997: Secretary of State Albright says
Israel?s decision to expand Efrat settlement is not at all helpful to the peace
process. Prime Minister Netanyahu says he will continue to expand settlements.
May 1998: 13 years after denying he was not its spy, Israel officially
recognizes Pollard as its agent in hopes of negotiating his release. June 1998:
Secretary of State Albright phones Prime Minister Netanyahu to condemn his plan
to extend Jerusalem’s municipal boundaries and to move Jews into East
Jerusalem, particularly in the area adjacent to Bethlehem. Ignoring U.S.
protests, Israel?s cabinet unanimously approves plan to extend Jerusalem's
municipal authority. August 1998: Secretary Albright tells Prime Minister
Netanyahu that the freeze in the peace process due to the settlement policy is
harming U.S. interests in the Middle East and affecting the U.S.’s ability to
forge a coalition against Iraq. September
1998: Dutch newspaper NRC Handelsblad reports that the Israeli airliner that
crashed in Amsterdam in 1992 was not carrying gifts and perfume, as the
Israelis claimed, but three of the four chemicals used to make sarin nerve gas.
According to the plane's cargo manifest, the chemicals were sent from a U.S.
factory in Pennsylvania to the top secret Israeli Institute for Biological
Research. November 1998: Israeli
Foreign Minister Sharon urges Jewish settlers to grab West Bank land so it does
not fall under Palestinian control in any final peace settlement. May 1999:
U.S. denounces Israel's decision to annex more land to the Ma'ale Adumim
settlement. June 1999: The Israeli
company Orlil is reported to have stolen U.S. night-vision equipment purchased
for the Israeli Defense Forces and to have sold it to Far Eastern countries. April 2001: Prime Minister Sharon announces plans to build
708 new housing units in the Jewish settlements of Ma'ale Adumim and Alfe
Menashe. U.S. State Department criticizes the move as provocative. May 2001:
The Mitchell Committee (headed by former U.S. Senator George Mitchell)
concludes that Jewish settlements are a barrier to peace. Prime Minister Sharon
vows to continue expanding the settlements. May 2001: U.S. is voted off the
United Nations Commission on Human Rights for the first time since the
committee's establishment in 1947. The Financial Times of London suggests that
Washington, by vetoing U.N. resolutions alleging Israeli human rights abuses,
showed its inability to work impartially in the area of human rights. Secretary
of State Colin Powell suggests the vote was because we left a little blood on
the floor in votes involving the Palestinians. September 2001: Six days after
the 9/11 terrorist attacks on America, Secretary of State Powell, when asked
why America is hated in the Arab and Muslim world, acknowledges that the deep
resentment and anger toward the United States is due to the Palestinian crisis.
November 2001: Secretary of State Colin Powell calls on Israel to halt all
settlement building which he says cripples chances for real peace and security.
Benny Elon, a right-wing minister in the Sharon government, says the settlers
aren’t worried. America has a special talent for seeing things in the short
term, he says, explaining that what Powell said he said only to get Arab
support for America’s anti-terrorism coalition against Afghanistan. March 2002:
U.N. Sec. Gen. Kofi Annan calls for immediate withdrawal of Israeli tanks from
Palestinian refugee camps, citing large numbers of Palestinians reported dead
or injured. U.S. State Dept. says the United States has contacted Israel to
urge that utmost restraint be exercised in order to avoid harm to the civilian
population. April 2002: President Bush repeatedly demands an immediate halt to
Israel's military invasion of the West Bank. Prime Minister Sharon rebuffs the
President's withdrawal demands, saying the United States and other nations
should not put any pressure upon us. April 4, 2002: President Bush demands that
Israel halt its March 29 incursion into the West Bank, withdraw immediately,
and cease all settlement building. Three days later, Secretary of State Powell
says Bush's demand was a request. June 10, 2002: Prime Minister Sharon visits
White House. When reporters ask about Israel's ongoing incursions into Palestinian
towns, President Bush says Israel has a right to defend herself. September 30,
2003: President Bush signs the Foreign Relations Authorization Act, which
identifies Jerusalem as Israel's capital. November 25, 2002. Israel asks the
U.S. for $4-billion in military aid to defray the costs of fighting terrorism,
plus $10-billion in loan guarantees to support its struggling economy. May 29,
2003: Israel announces construction of a new Jewish settlement of 230 housing
units in East Jerusalem. July 29, 2003: Sharon rejects President Bush's appeal
to halt construction of a separation wall that Israel is building on occupied
Palestinian land. October 22, 2003: Former
Navy lawyer Ward Boston, who had helped lead the military investigation into
Israel's 1967 attack on the USS Liberty, files a signed affidavit stating that
President Johnson and Secretary of Defense Robert McNamara had ordered those
heading the naval inquiry to conclude that the attack was a case of mistaken
identity, despite overwhelming evidence to the contrary. March 21, 2005: Prime Minister Sharon approves
construction of 3,500 new housing units in the Israeli settlement of Maale
Adumin to link it to East Jerusalem. The U.S. State Department has no comment.
May 2005: Newsweek reports that in the late 1990s, lobbyist Jack Abramoff
diverted more than $140,000 from charity contributions by Indian tribes to the
Israeli settlement of Beitar Illit for sniper equipment and training of settler
militias. AMEU Board of Directors Jane Adas (Vice President) Hugh D.
Auchincloss, Jr. Atwater, Bradley & Partners, Inc. Edward Dillon John
Goelet Richard Hobson, Jr. Anne R. Joyce Kendall Landis (Treasurer) Robert L.
Norberg (President) Hon. Edward L. Peck Former U.S. Ambassador Lachlan Reed
President, Lachlan International Talcott W. Seelye Former U.S. Ambassador to
Syria Donald L. Snook James M. Wall AMEU National Council Hon. James E. Akins
Isabelle Bacon William R. Chandler David S. Dodge Paul Findley Dr. Cornelius B.
Houk Cynthia Infantino O. Kelly Ingram Moorhead Kennedy Ann Kerr John J. McCloy
II David Nes Mary Norton C. Herbert Oliver Marie Petersen Dr. John C. Trever
Don M. Wagner Miriam Ward, RSM AMEU Executive Director: John F. Mahoney AMEU
grants permission to reproduce ?Lest We Forget? in part or in whole. AMEU must
be credited and one copy forwarded to our offices at 475 Riverside Drive, Room
245, New York, New York 10115-0245. Telephone: 212- 870-2053; E-mail:
[email protected] ; website: www.ameu.org.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo | John McCain worked overtime to
make sure Vietnam POWs never came home. I think the even bigger story vis-ŕ-vis
mccain is: http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called
"american heroe" john mccain was referred to by his fellow pows in
Vietnam as something akin to the "songbird" inasmuch as he was
constantly "singing" to his Viet-Cong captors to curry favor and
better treatment? This has been documented with authority by Colonel David
Hackworth. The same violates military code/protocol (other soldiers have been
court-martialed for far less)
click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up
scenario, compromizing the false facade of far less than a heroe, is exactly
what a criminal (lie of a) nation as america loves and encourages (get
everyone's hands dirty so no-one dares to rectify same, ie., bush, sr.,
clinton, bush, jr.). That is, "toe the (corrupt, propagandized)
line", become a criminal, or be exposed, prosecuted, and/or ruined; and,
hasn't anyone asked how "wall street" has been "spared the
spotlight" (and even was accorded protective legislation from their
criminal culpability) and focus of inquiry, attention, and prosecution despite
being the primary beneficiaries financial and otherwise of these scams (you
know the wall street motto, "churn and earn"; huge conflicts of
interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel
faces unprecedented pressure to abandon its official policy of “ambiguity” on
its possession of nuclear weapons as the international community meets at the
United Nations in New York this week to consider banning such arsenals from the
Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als, have already
done this so it’s not as if they’re starting from ‘ground zero’, so to speak;
and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the
producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to
mate with astronaut Paddy Ross who has returned from Mars as a space alien host
body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.War
in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the
point where they have spent $1trillion on the wars in Afghanistan and Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today | Sinking
of the warship was really intended to convince Japan not to move US forces off
Okinawa as well as divert the attention of Americans from the dire economic
situation at home. . Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The government of israel, aided by many
quarters of the international media, is attempting to spin today’s deadly IDF
assault on a humanitarian aid ship carrying supplies to Gaza as the fault of
the murdered activists on board the vessel, ludicrously characterizing
machine-gun carrying Israeli troops who killed over a dozen innocent people as
the victims of the incident. Murder
on the high seas JERUSALEM: Israeli marines stormed aid ships bound for
Gaza on Monday and at least 10 rights activists were killed, triggering a
diplomatic crisis and an emergency session of the UN Security Council. European
nations, as well as the United Nations and Turkey, voiced shock and outrage at
the bloody end to the international campaigners' bid to break Israel's blockade
of the Gaza StripCanada
among world's most peaceful nations The United States and Iran finished in a virtual dead
heat, and way down the list, in a magazine's assessment of the peacefulness of
121 countries. Meaningfully lawless uncivilized criminal nation america has
added their tainted touch to bring Iraq down to dead last on the list; and,
don’t forget war criminal nation america has probably played a role in Iran’s
status in light of criminal america’s op’s to destabilize Iran. In sum, the
study/ranking confirms if not understates my own direct observation and
experience with meaningfully lawless criminal america.Finland
ranks as world's sixth most peaceful country Helsingin Sanomat Norway tops
peaceful nation list, Iraq rates lowest Radio Australia Magazine's
'peace index' puts US, Iran near bottom of list, Canada ... Norway tops
peaceful nation list, Iraq (thanks to america) rates lowest Iraq (thanks to criminal nation america)
was in last place, with Sudan and international war criminal nation israel just
above. Some two-dozen indicators were used, including wars fought in the past
five years, arms sales, prison populations and incidence of crime. Britain
drops down peace table Metro, UK - May 30, 2007 The wars in Iraq
and Afghanistan have pushed Britain down into criminal america’s league of
violent/unpeaceful nations. Ghana:
World's 40th most peaceful The Statesman Online, Ghana - Scandinavian countries are the most
peaceful in the world. New Zealand ranks second and Denmark third on the list,
which notably puts Japan near the top and ... UAE Ranks Among
World's Top 50 Peaceful Countries Bernama, Malaysia - ABU DHABI, May 31 (Bernama) -- The
UAE is in the top 50 of the world's more peaceful nations, and is the third
most peaceful Gulf country, Iran,
US have something in common: Both rank high in violence Detroit Free Press The United
States and Iran finished in a virtual dead heat, and way down the list, in a
magazine's assessment of the peacefulness of 121 countries. Meaningfully
lawless uncivilized criminal nation america has added their tainted touch to
bring Iraq down to dead last on the list; and, don’t forget war criminal nation
america has probably played a role in Iran’s status in light of criminal
america’s op’s to destabilize Iran. In sum, the study/ranking confirms if not
understates my own direct observation and experience with meaningfully lawless
criminal america. New
Peace Index Ranks US Among Worst Nations Chosun
Ilbo, South Korea - A new study has ranked Norway as the most
peaceful country in the world, while placing the US near the bottom. US
ranks low, just above Iran on peace index China
Daily, China - WASHINGTON - The United States is among the
least peaceful nations in the world, ranking 96th between Yemen and Iran,
according to a new index released on 5-31-07. The data were drawn
from the United Nations, the World Bank, peace groups and the magazine
researchers' own assessments, Williamson said. "We are just mechanics and
technicians behind the index," he said. Norway was rated as the country
most at peace, followed by New Zealand, Denmark, Ireland and Japan. Canada
placed eighth, behind Finland and Sweden. Iraq was in last place, with Sudan
and international war criminal nation israel just above. The united states is among the least
peaceful nations in the world. Some two-dozen indicators were used, including wars fought in the
past five years, violence, organized crime, arms sales, prison populations and
incidence of crime. In sum, the study/ranking confirms if not understates my own direct
observation and experience with meaningfully lawless criminal america.
10
Most peaceful The least peaceful 97.
united states Violent Crime Up For Second Year 'COUNTDOWN' TO ISRAEL'S END Former FBI head louie freeh,
considered the most corrupt (and also the dumbest) director in FBI history,
realizing it’s all coming back on him, the corrupt, incompetent jersey city
boy, with few legitimate marketable skills, bought and paid for, cashed out and
who endorses mob man Giuliani for 2008...
Judicial Watch ... friendly page For Immediate Release Oct 8, 2002 Contact:
Press Office 202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial
Watch Lawsuits and Investigations Seek To Hold Him ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2619.shtml - Click here
LOUIS FREEH WILL NOT
ESCAPE ACCOUNTABILITY ... For Immediate Release Oct 8, 2002 Contact: Press Office
202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial Watch Lawsuits
and Investigations Seek To Hold Him Accountable ... Description: no description http://www.judicialwatch.org/printer_2619.shtml
- Click here
Judicial Watch ... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED
AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI
SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1107.shtml - Click here
JUDICIAL WATCH
VICTORY: APPEALS COURT ALLOWS CIVIL RIGHTS CASE BY ENERGY DEPARTMENT
WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH ... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED
AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI
SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ... Description: no description http://www.judicialwatch.org/printer_1107.shtml
- Click here
Judicial Watch ... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT
AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER
NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1761.shtml - Click here
Judicial Watch ... Contact: Press Office 202-646-5188 SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf
of Client Notra Trulock Case to Proceed to Discovery ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2814.shtml - Click here
JUDICIAL WATCH
VICTORIES ... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT
AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER
NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ... Description: no description http://www.judicialwatch.org/printer_1761.shtml
- Click here
SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH ... Contact: Press Office 202-646-5188 SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf
of Client Notra Trulock Case to Proceed to Discovery ... Description: no description http://www.judicialwatch.org/printer_2814.shtml
- Click here
Judicial Watch ... directed against him by Clinton administration
officials, former FBI Director Louis Freeh, and the now thoroughly discredited
FBI. Trulock’s First Amendment rights were violated by ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/3431.shtml - Click here
JUDICIAL WATCH
VICTORY: JUDGE ORDERS CIA TO PRODUCE TRULOCK DOCUMENTS FOR REVIEW ... directed against him by Clinton administration
officials, former FBI Director Louis Freeh, and the now thoroughly discredited
FBI. Trulock’s First Amendment rights were violated by ... Description: no description http://www.judicialwatch.org/printer_3431.shtml
- Click here
Judicial Watch ... Circuit. This reinstated case involves Trulock's claims
against former FBI Director Louis Freeh for violating his constitutional
rights. “The Bush Justice Department feared that if the Trulock ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1431.shtml - Click here
Judicial Watch ... wiretap warrant applications by FBI agents (signed-off
by the former FBI Director, Louis Freeh) to the Foreign Intelligence
Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2469.shtml - Click here
Judicial Watch ... waiting for documents to be produced by the government.
Notra Trulock’s case against Louis Freeh was settled in early 2004. Notra
Trulock’s case against Wen Ho Lee ended with a summary judgment ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/ntrulock.shtml - Click here
TRULOCK CASE AGAINST
WEN HO LEE DISMISSED AT REQUEST OF PRESIDENT BUSH ... Circuit. This reinstated case involves Trulock's claims
against former FBI Director Louis Freeh for violating his constitutional
rights. “The Bush Justice Department feared that if the Trulock ... Description: no description http://www.judicialwatch.org/printer_1431.shtml
- Click here
FBI AGENT ROBERT
WRIGHT SAYS FBI AGENTS ASSIGNED TO INTELLIGENCE OPERATIONS CONTINUE TO PROTECT
TERRORISTS FROM CRIMINAL INVESTIGATIONS AND PROSECUTIONS ... wiretap warrant applications by FBI agents (signed-off
by the former FBI Director, Louis Freeh) to the Foreign Intelligence
Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ... Description: no description http://www.judicialwatch.org/printer_2469.shtml
- Click here
Notra Trulock v.
Wen Ho Lee, et al. http://www.judicialwatch.org/printer_ntrulock.shtml -
Click here
REPORT: FBI
Videotape shows Sharpton cutting a deal...
(1-7-08)
With sloth-like reflexes and speed the lazy, fallible frauds on wall street now
recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot: 
![second chart).]](http://albertpeia.com/Documents%20and%20SettingsalbertpeiaMy%20Documentsbear_markets_table_2.jpg){kind=link}